Overview
What is Preserve Community Foundation?
The Preserve Community Foundation, located in Carmel, California, is a nonprofit organization that prioritizes supporting education for economically disadvantaged children in Monterey County. They offer financial aid scholarships to help families cover tuition and fees for their children's education. In addition to this, the foundation has an emergency relief fund to provide financial assistance to employees, their spouses, and children in times of serious and extraordinary circumstances, such as medical emergencies, natural disasters, or other unforeseen life-changing events. The foundation also extends its support to organizations like the Boys & Girls Club, Community Foundation of Monterey County, and Rancho Cielo through general funding of $10,000 each.
Is Preserve Community Foundation legitimate?
Preserve Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preserve Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Preserve Community Foundation?
The Preserve Community Foundation's primary mission is to provide financial aid for educational scholarships for economically disadvantaged children in Monterey County. The foundation awards scholarships based on financial need, covering tuition and fees for the children to attend educational institutions. In addition, the foundation has an emergency relief fund, which grants emergency financial awards to employees, their spouses, and their children in cases of serious and extraordinary circumstances such as medical emergencies, natural disasters, or other unforeseen life-changing events. The foundation does not typically fund credit card expenses, utility bills, and minor car/house repairs, but may make exceptions in cases of disaster relief or other catastrophic events. The foundation also provides general support to organizations such as the Boys & Girls Club, the Community Foundation of Monterey County, and Rancho Cielo with grants of $10,000 each.
Who is the CEO of Preserve Community Foundation?
Patricia K Eastman is the Chairman/Director of Preserve Community Foundation.
What is the revenue of Preserve Community Foundation?
Preserve Community Foundation's revenue in 2022 was $196,862.
Who are the executives of Preserve Community Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Preserve Community Foundation?
Preserve Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Preserve Community Foundation
Preserve Community Foundation is an organization devoted to supporting the education of economically disadvantaged children in Monterey County. Their primary mission is to provide funding for educational scholarships, covering tuition and fees, to help families afford their children's education at various educational institutions. In addition to scholarship grants, the foundation also extends emergency financial aid to employees, their spouses, and children in circumstances of serious and extraordinary events, such as medical emergencies, natural disasters, or other unforeseen life-changing incidents. However, the foundation does not fund credit card expenses, utility bills, or minor car/house repairs, except in exceptional circumstances like disaster relief or other catastrophic events. Furthermore, Preserve Community Foundation offers financial support to organizations like Boys & Girls Club, Community Foundation of Monterey County, and Rancho Cielo, providing them with general funding of $10,000 each.
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Impact
October, 2024
The Preserve Community Foundation significantly impacts economically disadvantaged children in Monterey County by providing educational scholarships that enable them to pursue their education. With a dedicated focus on financial need, the foundation granted $109,771 in scholarships, helping families afford tuition and fees at educational institutions.
In addition to supporting education, the foundation also assists individuals facing extraordinary circumstances through its Emergency Relief Fund. With $25,150 allocated for emergency financial awards, it provides crucial support to employees and their families during critical times, such as medical emergencies or natural disasters.
Furthermore, the foundation extends its influence by offering general support to community organizations. It has allocated $10,000 each to the Boys & Girls Club, Community Foundation of Monterey County, and Rancho Cielo, thereby reinforcing its commitment to enhancing educational and social opportunities within the community.
Overall, Preserve Community Foundation plays a vital role in fostering a supportive environment for education and community resilience in Monterey County.
This information is meant to be a general summary of Preserve Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $51,000
- Gross Receipts: $319,649
Assets and Liabilities:
- Total Assets: $1,709,325
- Total Liabilities: $0
- Net Assets: $1,709,325
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Organization Details
Founding Year
2009
Phone
(415) 981-2966Principal Officer
Patricia K Eastman
Main Address
PO BOX 222301, CARMEL, CA, 93922
NTEE Category
Code: B82 - Education
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