Overview
What is Monterey Peninsula Foundation?
The Monterey Peninsula Foundation is a charitable organization headquartered in Monterey, California, at 5 Mandeville Court Ste 101. Established to enhance the quality of life in Monterey County and surrounding areas, the foundation accomplishes this mission by prudently distributing funds generated from hosting the AT&T Pebble Beach Pro-Am and the Pure Insurance Championship at Pebble Beach. During the fiscal year 2021-2022, the foundation granted a total of 135 charitable funds, provided 53 tournament-related gifts, made 25 donations to service organizations, and sponsored 20 events and other gifts. The Monterey Peninsula Foundation's commitment to Monterey County and its community is evident through their strategic charitable disbursements.
Official website here: www.montereypeninsulafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
The Monterey Peninsula Foundation has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a score of 97%, the organization demonstrates effective financial management and transparency, which are crucial for donor trust and engagement.
The foundation exhibits exemplary standards, including having a fully independent board, comprehensive audit practices, and robust policies for conflict of interest and whistleblower protection. Its impressive program expense ratio of 90.34% indicates that a significant portion of its funds is directed towards programs rather than administrative costs, which is a positive sign for potential donors.
While the organization has shown no material diversions of assets and maintains a low liabilities to assets ratio, it’s essential for stakeholders to remain informed about ongoing operations and impact assessments. Overall, the Monterey Peninsula Foundation stands out as a well-managed nonprofit, committed to high standards of accountability and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Monterey Peninsula Foundation legitimate?
Monterey Peninsula Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monterey Peninsula 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: $852,295
Professional Fundraising Fees: $0
Other Salaries and Wages: $991,768
For more financial information, click here
Official website here: www.montereypeninsulafoundation.org
What is the mission statement of Monterey Peninsula Foundation?
The Monterey Peninsula Foundation strives to enhance the quality of life in various areas by strategically dispersing charitable funds. This is achieved through the organization's role as the host of the AT&T Pebble Beach Pro-Am and the Pure Insurance Championship at Pebble Beach. The foundation's mission is brought to life through the granting of charitable funds, with a total of 135 grants, 53 tournament-related gifts, 25 service organization donations, and 20 sponsorships and other gifts given during the fiscal year ending June 30, 2022.
Official website here: www.montereypeninsulafoundation.org
Who is the CEO of Monterey Peninsula Foundation?
Steve John is the Ceo of Monterey Peninsula Foundation. The CEO's salary of Monterey Peninsula Foundation is $337,604 and their total compensation is $386,057.
Official website here: www.montereypeninsulafoundation.org
What is the revenue of Monterey Peninsula Foundation?
Monterey Peninsula Foundation's revenue in 2022 was $46,424,262.
Official website here: www.montereypeninsulafoundation.org
Who are the executives of Monterey Peninsula Foundation and what are their salaries?
The average compensation at Monterey Peninsula Foundation during 2022 was $87,813. There are 21 employees and 2050 volunteers at Monterey Peninsula Foundation.
Here are 14 key members and their salaries (Monterey Peninsula Foundation's CEO's salary is $337,604 and their total compensation is $386,057):
- Compensation: $337,604
- Related: $0
- Other: $48,453
- Compensation: $204,258
- Related: $0
- Other: $36,719
- Compensation: $158,802
- Related: $0
- Other: $41,045
- 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
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.montereypeninsulafoundation.org
Where can I find the form 990 for Monterey Peninsula Foundation?
Monterey Peninsula Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montereypeninsulafoundation.org
Learn more at the official website: www.montereypeninsulafoundation.org
Mission Statement of Monterey Peninsula Foundation
The Monterey Peninsula Foundation, a charitable organization, is committed to enhancing the quality of life in various areas beyond Monterey County through the thoughtful distribution of funds. This is accomplished by organizing and hosting two distinguished golf tournaments, the AT&T Pebble Beach Pro-Am and the Pure Insurance Championship at Pebble Beach. The foundation's mission is geared towards making a difference in the community by utilizing the proceeds generated from these events.
The Monterey Peninsula Foundation's efforts extend far and wide, with the strategic disbursement of charitable funds being at the heart of its operations. During the fiscal year ending June 30, 2022, the foundation granted a total of 135 charities, made 53 tournament-related gifts, and donated to 25 service organizations. Furthermore, 20 sponsorships and other gifts were given to various causes. These grants and donations help to improve the lives of people in need, addressing a myriad of issues that affect the community. By supporting these organizations and initiatives, the Monterey Peninsula Foundation plays a vital role in promoting positive change and fostering a brighter future for those in its reach.
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Impact
October, 2024
The Monterey Peninsula Foundation significantly enhances the quality of life in Monterey County and the surrounding areas through its strategic allocation of charitable funds. By generating resources from prestigious events like the AT&T Pebble Beach Pro-Am and the Pure Insurance Championship, the Foundation supports a wide range of initiatives aimed at benefiting the community.
In the fiscal year ending June 30, 2022, the Foundation made a substantial impact by providing 135 grants and 53 tournament-related gifts. Additionally, it contributed 25 donations to service organizations and 20 sponsorships and other gifts, reinforcing its commitment to philanthropy and community support. This multifaceted approach not only addresses immediate needs within the community but also fosters long-term growth and development, making a meaningful difference in the lives of local residents.
This information is meant to be a general summary of Monterey Peninsula 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: $707,100
- Program Service Revenue: $41,133,733
- Gross Receipts: $51,134,480
Assets and Liabilities:
- Total Assets: $49,420,244
- Total Liabilities: $5,896,011
- Net Assets: $43,524,233
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AT&T PEBBLE BEACH NTNL
Revenue
$32,816,733
PURE INS CHAMPIONSHIP
Revenue
$8,317,000
Organization Details
Founding Year
1978
Phone
(831) 649-1533Principal Officer
Steve John
Main Address
5 MANDEVILLE COURT STE 101, MONTEREY, CA, 93940
NTEE Category
Code: T12 - Philanthropy
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