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Monterey Peninsula Foundation

Monterey, CA · EIN 94-2541783 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Monterey Peninsula Foundation reported $19.3 million in revenue and $21.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $83.76 went to program services, $3.48 to management and general costs and $12.76 to fundraising. Its largest source of revenue was contributions and grants: 260.7% of the total. The highest compensation it reported for one person was $644,013 (CEO). 7 people received more than $100,000 in reportable compensation. Revenue fell 50% 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 $21M

For 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

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $19M

Other revenue was negative: −$32M. The bar shows the positive sources only.

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 1,001 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
83.8%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
3.5%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
12.8%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.05$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
260.7%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$644,013$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
3.01%1.56%
People paid over $100,000
Part VII, line 2
73
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
23.956.6
Independent voting board members
Part VI 1a–1b
8 of 8100.0%

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 expense
$18M expenses · 100.0% of program spending · grants $18M

The Monterey Peninsula Foundation enhances the quality of life in monterey county and surrounding areas through strategic disbursement of charitable funds generated by hosting the at&t pebble beach pro-am and the pure insurance championship at pebble beach. The foundation provided 187 grants, 56 tournament related gifts, 21 service organization donations, and 50 sponsorships and other gifts during fiscal year ending 6/30/2025

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Officer, 40.00 hrs/week
$572,813$0$71,200$644,013
VP PHILANTHROPY
Highest compensated employee, 40.00 hrs/week
$249,167$0$74,499$323,666
DIR OF FINANCE, SECRETARY
Officer, 40.00 hrs/week
$159,575$0$73,040$232,615
SENIOR MARKETING MANAGER
Highest compensated employee, 40.00 hrs/week
$129,135$0$38,337$167,472
PLAYER RELATIONS MGR
Highest compensated employee, 40.00 hrs/week
$112,292$0$48,587$160,879
SENIOR SPONSORSHIP MGR
Highest compensated employee, 40.00 hrs/week
$129,135$0$31,021$160,156
PHILANTHROPY PROGRAM MGR
Highest compensated employee, 40.00 hrs/week
$108,923$0$45,608$154,531

7 people received more than $100,000 in reportable compensation from Monterey Peninsula Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $929K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$19M$21M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$19M$21M83.8%$43M$644,013
FY2024 ⓘ$21M$22M83.9%$42M$618,084
FY2023 ⓘ$45M$50M90.8%$40M$623,630
FY2022 ⓘ$46M$44M91.6%$44M$386,057
FY2021 ⓘ$28M$28M87.5%$45M$354,824
FY2020 ⓘ$39M$40M91.3%$36M$376,000

Governance 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 · 8 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 2Yes
  • 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 14bYes
  • Employees Part I, line 516
  • Volunteers Part I, line 62,262

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
HNS SPORTS GROUP LLC
Event management services
$275,000
STAR SANITATION LLC
Portable toilet rental
$189,959
CRESCO EQUIPMENT RENTALS
Equipment rental
$134,284

Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.

Private foundation grants it received

13 private foundations reported grants to Monterey Peninsula Foundation totaling $1.2M 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 Monterey Peninsula Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Monterey Peninsula Foundation, you can publish a response that is linked from this page.

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Questions people ask

How much of Monterey Peninsula Foundation's spending goes to programs?

In the fiscal year ending June 30, 2025, Monterey Peninsula Foundation reported that 83.8% of its $21.4 million in expenses went to program services, 3.5% to management and general and 12.8% to fundraising (Form 990, Part IX).

How much does Monterey Peninsula Foundation pay its top executive?

The largest total compensation Monterey Peninsula Foundation reported for one person in the fiscal year ending June 30, 2025 was $644,013, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Monterey Peninsula Foundation get its money?

Of $19.3 million in revenue in the fiscal year ending June 30, 2025, 260.7% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Monterey Peninsula Foundation a registered charity?

The IRS lists EIN 94-2541783 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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 202640139349302109 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511339349304136 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431309349304633 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202203199349312390 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202123199349310582 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202003189349311045 · read the filing

All filings for EIN 94-2541783: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.