University Corporation at Monterey Bay
University Corporation at Monterey Bay reported $95.6 million in revenue and $89.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $93.91 went to program services, $5.18 to management and general costs and $0.91 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 56.1% of the total. Government grants made up 26.2%. The highest compensation it reported for one person was $431,163 (PRESIDENT). 23 people received more than $100,000 in reportable compensation. Revenue rose 56% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $89MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $96MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 34.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 26.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 56.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $431,163 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.48% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 23 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 10.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 1 of 8 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHousing, dining and residential life program for students, faculty and staff of the university
Grants & contracts: externally sponsored projects administered by the corporation for the university
Campus support, development and infrastructure: various building and other projects for the benefit of the university and its auxiliaries
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 0.50 hrs/week | $0 | $370,000 | $61,163 | $431,163 |
| SECRETARY/TREASURER Director/trustee, officer, 0.50 hrs/week | $0 | $300,973 | $112,596 | $413,569 |
| STUDENT AFFAIRS DIRECTOR Director/trustee, 0.50 hrs/week | $0 | $276,430 | $66,951 | $343,381 |
| INTERIM EXECUTIVE DIRECTOR Director/trustee, officer, 40.00 hrs/week | $110,924 | $138,864 | $48,368 | $298,156 |
| CONTROLLER Highest compensated employee, 40.00 hrs/week | $192,231 | $0 | $55,220 | $247,451 |
| ASSOCIATE EXECUTIVE DIRECT Highest compensated employee, 40.00 hrs/week | $193,652 | $0 | $33,621 | $227,273 |
| SR. RESEARCH SCIENTIST Highest compensated employee, 40.00 hrs/week | $167,036 | $0 | $42,792 | $209,828 |
| STAFF DIRECTOR Director/trustee, 0.50 hrs/week | $0 | $156,359 | $46,260 | $202,619 |
23 people received more than $100,000 in reportable compensation from University Corporation at Monterey Bay (Part VII, line 2). Compensation of current officers, directors and key employees totaled $16,356 (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 1 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5795
- Volunteers Part I, line 6142
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| UG2 LLC Janitorial services | $1,378,529 |
| DISASTER KLEENUP SPECIALISTS Disaster mitigation services | $704,648 |
| REGIONAL GOVERNMENT SERVICES AUTHORITY Staffing services | $489,149 |
| GREEN WASTE RECOVERY INC Waste removal services | $370,820 |
Individuals listed as contractors are left out. 16 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to University Corporation at Monterey Bay totaling $2.4M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from University Corporation at Monterey Bay's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University Corporation at Monterey Bay, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University Corporation at Monterey Bay spent in FY2025, $93.91 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Brunswick SchoolGreenwich, CT · revenue $95M · programs 82.1% · FY2025
- King's CollegeWilkesbarre, PA · revenue $96M · programs 89.8% · FY2025
- Husson UniversityBangor, ME · revenue $95M · programs 90.5% · FY2025
- Trevecca Nazarene UniversityNashville, TN · revenue $96M · programs 87.8% · FY2025
- John Brown UniversitySiloam Springs, AR · revenue $95M · programs 86.6% · FY2025
Questions people ask
How much of University Corporation at Monterey Bay's spending goes to programs?
In the fiscal year ending June 30, 2025, University Corporation at Monterey Bay reported that 93.9% of its $89.0 million in expenses went to program services, 5.2% to management and general and 0.9% to fundraising (Form 990, Part IX).
How much does University Corporation at Monterey Bay pay its top executive?
The largest total compensation University Corporation at Monterey Bay reported for one person in the fiscal year ending June 30, 2025 was $431,163, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University Corporation at Monterey Bay get its money?
Of $95.6 million in revenue in the fiscal year ending June 30, 2025, 34.6% came from contributions and grants (including 26.2% from government grants) and 56.1% from program service revenue (Form 990, Part VIII).
Is University Corporation at Monterey Bay a registered charity?
The IRS lists EIN 77-0387459 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202523189349300807 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521339349307632 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411319349304346 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331799349300713 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202103169349312680 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202013179349308871 · read the filing
All filings for EIN 77-0387459: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.