Overview
What is Carmel Valley Manor Foundation?
The Carmel Valley Manor Foundation is a nonprofit organization situated in Carmel, California. Its primary purpose is to manage the Carmel Valley Manor Investment Fund, ensuring a sufficient reserve to support Carmel Valley Manor during unexpected financial challenges. The foundation's investment strategy aims for long-term growth and capital preservation, and it oversees the Investment Policy and Committee for this purpose. The foundation's mission is to wisely manage its assets to provide financial support to Carmel Valley Manor as needed and to explore additional sources to expand its asset base.
Is Carmel Valley Manor Foundation legitimate?
Carmel Valley Manor Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carmel Valley Manor 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
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What is the mission statement of Carmel Valley Manor Foundation?
The mission of the Carmel Valley Manor Foundation is centered around managing its assets wisely. The primary objective is to supply necessary funds to Carmel Valley Manor and to explore additional sources to expand its financial resources. The foundation's goal is to maintain a sufficient reserve fund for unexpected shortfalls and one-time expenses that contribute to long-term growth and capacity-building. The Carmel Valley Manor Foundation follows an Investment Policy, with a focus on long-term growth and capital preservation. An Investment Committee formulates the overall strategy, oversees performance, and ensures compliance with the policy.
Who is the CEO of Carmel Valley Manor Foundation?
Jay Zimmer is the President & Ceo of Carmel Valley Manor Foundation. The CEO's salary of Carmel Valley Manor Foundation is $0 and their total compensation is $479,764.
What is the revenue of Carmel Valley Manor Foundation?
Carmel Valley Manor Foundation's revenue in 2022 was $653,574.
Who are the executives of Carmel Valley Manor Foundation and what are their salaries?
There 8 volunteers at Carmel Valley Manor Foundation.
Here are 11 key members and their salaries (Carmel Valley Manor Foundation's CEO's salary is $0 and their total compensation is $479,764):
- Compensation: $0
- Related: $445,503
- Other: $34,261
- Compensation: $0
- Related: $46,465
- Other: $1,230
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Carmel Valley Manor Foundation?
Carmel Valley Manor Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Carmel Valley Manor Foundation
The Carmel Valley Manor Foundation, a dedicated organization, is committed to managing its resources prudently. Its primary objective is to ensure that Carmel Valley Manor, a likely associated entity, has the necessary funds at its disposal. Beyond this, the Foundation seeks to expand its asset base by exploring additional funding sources. The mission of Carmel Valley Manor Foundation is twofold: firstly, it aims to provide financial support to Carmel Valley Manor as needed, and secondly, it strives to enhance its asset base through the pursuit of additional funding sources.
To achieve these objectives, the Carmel Valley Manor Foundation maintains an Investment Policy with a focus on long-term growth and capital preservation. The Foundation's Investment Committee is responsible for formulating the overall investment strategy, as well as monitoring and assessing performance results in compliance with this policy. The ultimate goal is to build and maintain an adequate level of unrestricted net assets, which can serve as a reserve for Carmel Valley Manor in case of unforeseen financial shortfalls. Moreover, this reserve fund may also be used for one-time, non-recurring expenses that contribute to the long-term capacity of Carmel Valley Manor, such as staff development, research, or infrastructure investment.
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Impact
October, 2024
Carmel Valley Manor Foundation has a significant impact on the sustainability and growth of Carmel Valley Manor by managing and increasing its financial resources. By overseeing the Carmel Valley Manor Investment Fund, the Foundation ensures that the Manor is well-equipped to meet its operational needs, even during unforeseen shortfalls. This strategic financial management allows for the allocation of funds towards vital areas such as staff development, infrastructure improvements, and long-term capacity building.
The Foundation's proactive approach in seeking additional funding sources enhances its asset base, providing further financial stability for Carmel Valley Manor. The investment policy, focused on long-term growth and capital preservation, is executed by the Investment Committee, which meticulously formulates strategies and evaluates performance to ensure compliance and optimal results. Through these efforts, the Carmel Valley Manor Foundation plays a critical role in ensuring the continued availability and quality of housing and support services in the community.
This information is meant to be a general summary of Carmel Valley Manor 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: $514,891
- Gross Receipts: $653,574
Assets and Liabilities:
- Total Assets: $14,479,362
- Total Liabilities: $0
- Net Assets: $14,479,362
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Organization Details
Founding Year
2017
Phone
(831) 624-1281Principal Officer
Jay Zimmer
Main Address
8545 Carmel Valley Rd, Carmel, CA, 93923
NTEE Category
Code: L22 - Housing
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