Overview
What is Monterey County Benevolent Foundation?
The Monterey County Benevolent Foundation is a nonprofit organization situated in Monterey, California. Its primary mission involves granting funds to various charitable organizations, primarily focusing on supporting initiatives related to youth education. These funds are utilized for activities such as youth sports and youth programs, aiming to positively impact the local community's young residents. The foundation serves as a crucial source of financial aid for projects aligned with its mission, thereby contributing to the overall well-being and development of Monterey County's youth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Monterey County Benevolent Foundation has received a low score of 53%, indicating a One-Star rating primarily due to issues related to accountability and finance. The evaluation reflects significant shortcomings in governance, notably the absence of independent board members, which raises concerns about oversight and transparency. Additionally, the foundation has not implemented critical policies such as conflict of interest and whistleblower protections, which are essential for ethical operations.
On the positive side, the foundation has demonstrated a strong commitment to its programming, with a program expense ratio of 79.67%, indicating that a substantial portion of its budget is allocated to its charitable activities. Furthermore, the organization has no reported material diversion of assets, suggesting financial integrity in that regard. However, the lack of a publicly accessible website, as indicated by missing documentation on their tax forms, detracts from their accountability.
Overall, while the Monterey County Benevolent Foundation shows promise in its program expenditures, the severe deficiencies in governance and policy implementation reflected in the Charity Navigator assessment highlight areas that need urgent attention to enhance transparency and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Monterey County Benevolent Foundation legitimate?
Monterey County Benevolent Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monterey County Benevolent 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Monterey County Benevolent Foundation?
The Monterey County Benevolent Foundation is dedicated to supporting charitable initiatives, primarily focusing on youth-centric activities such as sports, programs, and education. Their mission involves providing financial aid to various organizations, aiming to enhance opportunities and enrichment for the local community's young residents. Their primary objective is to contribute to youth education projects, demonstrating their commitment to the future of the community.
Who is the CEO of Monterey County Benevolent Foundation?
Tausha Suniga is the Director of Monterey County Benevolent Foundation.
What is the revenue of Monterey County Benevolent Foundation?
Monterey County Benevolent Foundation's revenue in 2023 was $182,701.
Who are the executives of Monterey County Benevolent Foundation and what are their salaries?
There 30 volunteers at Monterey County Benevolent Foundation.
Here are 4 key members and their salaries:
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Where can I find the form 990 for Monterey County Benevolent Foundation?
Monterey County Benevolent Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Monterey County Benevolent Foundation
The Monterey County Benevolent Foundation dedicates its efforts to providing financial aid to charitable organizations. Its primary focus lies in supporting activities that promote the well-being and development of youth in the community. These activities encompass youth sports, youth programs, and youth education, thereby contributing to the overall growth and development of the younger generation. The foundation's mission is to financially assist these charities, thereby playing a crucial role in enriching the lives of the community's residents, particularly the youth.
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Impact
October, 2024
The Monterey County Benevolent Foundation significantly impacts the community by providing essential funding to charities that enhance youth sports, education, and various youth programs in Monterey County, California. By directing financial support to initiatives that focus on youth, the foundation fosters a healthy and enriching environment for young residents. This dedication not only promotes physical activity and teamwork through sports but also emphasizes the importance of education and personal development.
The grants facilitate a wide range of activities, enabling local organizations to implement programs that nurture young talent and encourage community engagement. As a result, the foundation plays a crucial role in shaping the future of Monterey County's youth, creating opportunities for growth and development that can lead to lifelong benefits for individuals and the community as a whole. Through its targeted support, the foundation contributes to a vibrant, connected, and empowered youth population.
This information is meant to be a general summary of Monterey County Benevolent 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 2023.
- Gross Receipts: $4,579,239
Assets and Liabilities:
- Total Assets: $305,499
- Total Liabilities: $11,015
- Net Assets: $294,484
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Organization Details
Founding Year
2001
Phone
(831) 206-7880Principal Officer
Tausha Suniga
Main Address
301 Bonifacio Place, Monterey, CA, 93940
NTEE Category
Code: T12 - Philanthropy
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