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Community Foundation for Monterey County
Community Foundation for Monterey County reported $122.7 million in revenue and $72.4 million in expenses for calendar year 2024. Of every $100 it spent, $94.84 went to program services, $3.61 to management and general costs and $1.55 to fundraising. Its largest source of revenue was contributions and grants: 81.9% of the total. The highest compensation it reported for one person was $441,996 (President & CEO). 8 people received more than $100,000 in reportable compensation. Revenue rose 239% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $72MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $123MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.8% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.6% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.6% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 81.9% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.4% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.5% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $441,996 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.61% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 8 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 55.2 | 56.6 |
| Independent voting board members Part VI 1a–1b | 19 of 19 | 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
2024 · Form 990, Part III · the three largest programs by expenseGrant programs - as the largest grantmaking foundation in Monterey County, the Community Foundation provides funding and technical assistance support to a wide-range of nonprofit and community organizations providing needed services in the program areas of arts and culture, children and youth development, community development, health and human services, animal welfare and the environment. These grants are made through a variety of fund types, including donor advised, scholarship, designated, field of interest and unrestricted. The Community Foundation also provides leadership with…
Monterey County gives! (mc gives!): mc gives! Is a special project of the Monterey County weekly, the Community Foundation for Monterey County and the monterey peninsula foundation and was created to support the local nonprofit community with an annual year-end giving campaign. In 2024, 206 organizations participated to raise a total of $14.3 million. Mc gives! Has now raised and contributed over $82.4 million dollars since its inception fifteen years ago
Scholarships: the Community Foundation for Monterey County (cfmc) holds and administers more than 95 scholarship funds that create greater access to higher education for deserving local students. Scholarships help students realize their potential and growing the number of students who earn college degrees makes a brighter future for US all
Highest reported compensation
2024 · 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 & CEO Officer, 40.00 hrs/week | $384,980 | $0 | $57,016 | $441,996 |
| SR. VP PHILANTHROPIC SERVICES Listed in Part VII, 40.00 hrs/week | $206,749 | $0 | $33,209 | $239,958 |
| VP FINANCE & HR Officer, 40.00 hrs/week | $186,159 | $0 | $36,284 | $222,443 |
| VP OF GRANTS Listed in Part VII, 40.00 hrs/week | $149,630 | $0 | $36,768 | $186,398 |
| DIR OF FINANCE Listed in Part VII, 40.00 hrs/week | $131,163 | $0 | $22,435 | $153,598 |
| DIR OF GRANTMAKING Listed in Part VII, 40.00 hrs/week | $120,952 | $0 | $26,992 | $147,944 |
| DIR OF COMMN Listed in Part VII, 40.00 hrs/week | $108,563 | $0 | $32,392 | $140,955 |
| DIR OF OPERATIONS Listed in Part VII, 40.00 hrs/week | $115,518 | $0 | $10,063 | $125,581 |
8 people received more than $100,000 in reportable compensation from Community Foundation for Monterey County (Part VII, line 2). Compensation of current officers, directors and key employees totaled $904K (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
2024 · 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–1b19 · 19 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 11aNo
- 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 4No
- 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 531
- Volunteers Part I, line 640
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| VERUS Investment advisor | $103,333 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
28 private foundations reported grants to Community Foundation for Monterey County totaling $2.3M 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 Community Foundation for Monterey County's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Community Foundation for Monterey County, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Community Foundation for Monterey County spent in 2024, $94.84 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Crossseed Texas Non ProfitFort Worth, TX · revenue $122M · programs 0.0% · 2024
- Greater Washington Community FoundationWashington, DC · revenue $123M · programs 93.8% · FY2025
- Santa Barbara FoundationSanta Barbara, CA · revenue $122M · programs 95.1% · 2024
- Christian Community Foundation of MemphisMemphis, TN · revenue $125M · programs 95.8% · FY2025
- J Howard Pew Freedom TrustPhiladelphia, PA · revenue $117M · programs 91.9% · 2024
All philanthropy, voluntarism & grantmaking charities · Largest charities in California
Questions people ask
How much of Community Foundation for Monterey County's spending goes to programs?
In calendar year 2024, Community Foundation for Monterey County reported that 94.8% of its $72.4 million in expenses went to program services, 3.6% to management and general and 1.6% to fundraising (Form 990, Part IX).
How much does Community Foundation for Monterey County pay its top executive?
The largest total compensation Community Foundation for Monterey County reported for one person in calendar year 2024 was $441,996, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Community Foundation for Monterey County get its money?
Of $122.7 million in revenue in calendar year 2024, 81.9% came from contributions and grants (including 2.4% from government grants) and 0.5% from program service revenue (Form 990, Part VIII).
Is Community Foundation for Monterey County a registered charity?
The IRS lists EIN 94-1615897 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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
- 2024: Form 990 for calendar year 2024, object 202513089349302926 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202422719349301857 · read the filing
- 2022: Form 990 for calendar year 2022, object 202302619349301225 · read the filing
- 2021: Form 990 for calendar year 2021, object 202212559349301246 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102029349301005 · read the filing
- 2019: Form 990 for calendar year 2019, object 202022539349301182 · read the filing
All filings for EIN 94-1615897: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.