Overview
What is Community Foundation For Monterey County?
The Community Foundation for Monterey County, situated in Monterey, California, serves as the largest grant-making organization in Monterey County. With a team of 29 dedicated individuals, they fund and support a diverse range of nonprofit and community organizations, focusing on areas such as arts and culture, children and youth development, community development, health and human services, animal welfare, and the environment. Through grant programs, they provide both financial assistance and technical support to these organizations. The foundation's mission is to inspire philanthropy and act as a catalyst for community strengthening throughout Monterey County. Their initiatives include leadership roles in scholarship programs and community initiatives like the COVID-19 Collaborative and the Salinas Inclusive Economic Development Initiative. These grants are offered through various fund types, including donor-advised, scholarship, designated, field of interest, and unrestricted funds.
Official website here: www.cfmco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star Rating
The Community Foundation For Monterey County has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. A perfect score in these areas indicates that the organization exhibits transparency, effective governance, and sound financial practices, which are essential for fostering donor trust and maximizing the impact of contributions.
With a board comprising entirely of independent members and a robust oversight framework, the foundation demonstrates a commitment to ethical stewardship of funds. The organization has maintained a high program expense ratio of 93.12%, ensuring that a significant portion of its resources directly benefits its mission. Furthermore, the foundation has effectively managed its liabilities and assets, showcasing financial stability.
While the ratings highlight the foundation's strengths, the data does not indicate any specific areas for improvement or limitations noted by users. Overall, the Community Foundation For Monterey County is well-positioned as a responsible and effective nonprofit, making a positive impact in its community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Community Foundation For Monterey County?
94% of 31 reviewers on Facebook recommend the Community Foundation for Monterey County. Here is a summary of their reviews:
Many individuals express a strong appreciation for the nonprofit's commitment to supporting the community, particularly in initiatives that aim to benefit children and local families. One reviewer highlighted a personal appeal for assistance with toys and candies for kids in Mexico, reflecting the heartfelt and community-centered spirit that many associate with the foundation's mission.
Overall, participants commend the foundation for its efforts in fostering community growth and well-being, indicating a general satisfaction with the services and support being provided. The organization seems to resonate well among those who value charitable contributions directed towards those in need.
This AI summary has been generated from reviews found on Facebook.
Is Community Foundation For Monterey County legitimate?
Community Foundation For Monterey County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation For Monterey County 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: $790,647
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,625,057
For more financial information, click here
Official website here: www.cfmco.org
What is the mission statement of Community Foundation For Monterey County?
The Community Foundation For Monterey County functions as a catalyst for inspiring philanthropy and strengthening communities throughout various areas. As the largest grantmaking foundation in Monterey County, it supports a diverse range of nonprofit and community organizations. These organizations provide essential services in the program sectors of Arts and Culture, Children and Youth Development, Community Development, Health and Human Services, Animal Welfare, and the Environment. The Community Foundation goes beyond grantmaking by providing leadership through scholarship programs and community initiatives, such as the COVID-19 Collaborative and the Salinas Inclusive Economic Development Initiative. They make grants through various fund types, including donor advised, scholarship, designated, field of interest, and unrestricted.
Official website here: www.cfmco.org
Who is the CEO of Community Foundation For Monterey County?
Daniel Baldwin is the President & Ceo of Community Foundation For Monterey County. The CEO's salary of Community Foundation For Monterey County is $350,412 and their total compensation is $399,501.
Official website here: www.cfmco.org
What is the revenue of Community Foundation For Monterey County?
Community Foundation For Monterey County's revenue in 2022 was $48,920,781.
Official website here: www.cfmco.org
Who are the executives of Community Foundation For Monterey County and what are their salaries?
The average compensation at Community Foundation For Monterey County during 2022 was $83,300. There are 29 employees and 40 volunteers at Community Foundation For Monterey County.
Here are 25 key members and their salaries (Community Foundation For Monterey County's CEO's salary is $350,412 and their total compensation is $399,501):
- Compensation: $350,412
- Related: $0
- Other: $49,089
- Compensation: $184,598
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- Other: $27,932
- Compensation: $165,900
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- Other: $12,716
- Compensation: $137,701
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- Other: $30,884
- Compensation: $106,658
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- Other: $22,543
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Official website here: www.cfmco.org
Where can I find the form 990 for Community Foundation For Monterey County?
Community Foundation For Monterey County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfmco.org
Learn more at the official website: www.cfmco.org
Mission Statement of Community Foundation For Monterey County
The Community Foundation For Monterey County serves as a catalyst for philanthropy and community strengthening throughout Monterey County. Inspired by the spirit of giving, this organization plays a pivotal role in providing funding and technical assistance to a diverse range of nonprofit and community organizations. The Community Foundation's grant programs span across various sectors, including Arts and Culture, Children and Youth Development, Community Development, Health and Human Services, Animal Welfare, and the Environment.
By acting as the largest grantmaker in Monterey County, the Community Foundation supports initiatives that meet the pressing needs of local communities. Beyond financial aid, the organization also offers leadership through scholarship programs and community initiatives. These include the COVID-19 Collaborative and the Salinas Inclusive Economic Development Initiative. The grants are distributed through various fund types, including donor advised, scholarship, designated, field of interest, and unrestricted funds. The Community Foundation's commitment to community development is reflected in the transformative impact of its grant programs and initiatives.
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Impact
October, 2024
Community Foundation for Monterey County significantly impacts the region by inspiring philanthropy and strengthening communities across Monterey County. As the largest grantmaking foundation in the area, it provides vital funding and technical assistance to a diverse array of community organizations, addressing essential needs in arts and culture, children and youth development, community development, health and human services, animal welfare, and environmental initiatives.
Through its extensive grant programs, the foundation enhances the capacity and reach of local organizations, ensuring that crucial services are available to those who need them most. Its leadership extends to scholarship programs and innovative community initiatives, such as the COVID-19 Collaborative and the Salinas Inclusive Economic Development Initiative, all aimed at fostering resilience and growth within the region.
By facilitating a variety of fund types, including donor-advised, scholarship, designated, field of interest, and unrestricted funds, the foundation effectively caters to the philanthropic desires of individuals and groups, empowering them to directly contribute to the betterment of their communities. Overall, the Community Foundation for Monterey County plays a vital role in nurturing a culture of giving and collaboration that promotes the health and sustainability of the region.
This information is meant to be a general summary of Community Foundation For Monterey County. 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: $9,242,478
- Program Service Revenue: $471,183
- Gross Receipts: $55,954,073
Assets and Liabilities:
- Total Assets: $331,962,053
- Total Liabilities: $75,022,976
- Net Assets: $256,939,077
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CRT AND ADMIN FEES
Revenue
$442,745
WORKSHOP INCOME
Revenue
$28,438
Organization Details
Founding Year
1945
Phone
(831) 375-9712Principal Officer
Daniel Baldwin
Main Address
2354 GARDEN ROAD, MONTEREY, CA, 93940
Website
www.cfmco.orgNTEE Category
Code: T310 - Philanthropy
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