COMMUNITY FOUNDATION FOR MONTEREY COUNTY

EIN: 941615897 501(c)(3) Philanthropy & Grantmaking

MONTEREY, CA

Total Revenue
$85,155,926
Total Expenses
$44,822,447
Total Assets
$380,129,927
Net Assets
$298,014,742
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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
CA
Principal Officer
DANIEL BALDWIN
Phone
8313759712
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY FOUNDATION FOR MONTEREY COUNTY, founded in 1945, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $85.2M in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40.3M, a strong 47% operating margin.

Mission

TO INSPIRE PHILANTHROPY AND BE A CATALYST FOR STRENGTHENING COMMUNITIES THROUGHOUT MONTEREY COUNTY.

Program Service Accomplishments

Program 1
Expenses: $27,957,874 Revenue: $522,119

GRANT 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...

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GRANT 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 SCHOLARSHIP PROGRAMS AND COMMUNITY INITIATIVES, INCLUDING THE SALINAS INCLUSIVE ECONOMIC DEVELOPMENT INITIATIVE.

Program 2
Expenses: $11,264,980

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...

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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 2023, 208 ORGANIZATIONS PARTICIPATED TO RAISE A TOTAL OF $11.9 MILLION. MC GIVES! HAS NOW RAISED AND CONTRIBUTED OVER $68.1 MILLION DOLLARS SINCE ITS INCEPTION FOURTEEN YEARS AGO.

Program 3
Expenses: $1,539,341

SCHOLARSHIPS: THE COMMUNITY FOUNDATION FOR MONTEREY COUNTY (CFMC) HOLDS AND ADMINISTERS MORE THAN 60 SCHOLARSHIP FUNDS THAT CREATE GREATER ACCESS TO HIGHER EDUCATION FOR DESERVING LOCAL STUDENTS...

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SCHOLARSHIPS: THE COMMUNITY FOUNDATION FOR MONTEREY COUNTY (CFMC) HOLDS AND ADMINISTERS MORE THAN 60 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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $57,495,030
Program Service Revenue $522,119
Investment Income $27,077,499
Other Revenue $61,278
TOTAL REVENUE $85,155,926

Expense Breakdown

Grants Paid $39,269,652
Salaries & Benefits $3,369,548
Fundraising Expenses $996,845
Program Expenses $41,515,111
Other Expenses $2,183,247
TOTAL EXPENSES $44,822,447

Year-over-Year Comparison

2023 2022 Change
Revenue $85,155,926 $48,920,781 +0.7%
Expenses $44,822,447 $36,674,242 +0.2%
Net Income $40,333,479 $12,246,539 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
30
Volunteers
40

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$613,042
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL BALDWIN President & CEO 40.00
Officer
$362,665 $54,040 $416,705
CHRISTINE DAWSON SR. VP PHILANTHROPIC SERVICES 40.00
$193,677 $31,260 $224,937
KIM DRABNER VP FINANCE & HR 40.00
Officer
$174,163 $22,174 $196,337
LAUREL LEE-ALEXANDER VP OF GRANTS 40.00
$125,655 $33,155 $158,810
DANIEL FAITH DIR OF FINANCE 40.00
$120,331 $21,294 $141,625
JANET SHING DIR OF GRANTMAKING 40.00
$112,076 $25,068 $137,144
MARIA ROMERO DIR OF GIFT PLAN 40.00
$104,444 $20,995 $125,439
MARIA HAUMAN DIR OF OPERATIONS 40.00
$110,900 $9,331 $120,231
KIRK GAFILL CHAIR 2.00
Officer Director
$0 $0 $0
ELSA MENDOZA JIMENEZ VICE CHAIR 2.00
Officer Director
$0 $0 $0
LOREN STECK Secretary 2.00
Officer Director
$0 $0 $0
JESSE LOPEZ Treasurer 2.00
Officer Director
$0 $0 $0
JAN VADERBILT BOARD MEMBER 2.00
Director
$0 $0 $0
ABBY TAYLOR SILVA BOARD MEMBER 2.00
Director
$0 $0 $0
GIFF LEHMAN BOARD MEMBER 2.00
Director
$0 $0 $0
JOE PEZZINI BOARD MEMBER 2.00
Director
$0 $0 $0
FRANCINE RODD BOARD MEMBER 2.00
Director
$0 $0 $0
ADRIANA MELGOZA BOARD MEMBER 2.00
Director
$0 $0 $0
ROMERO JALOMA BOARD MEMBER 2.00
Director
$0 $0 $0
JENNIFER WALKER BOARD MEMBER 2.00
Director
$0 $0 $0
RENE MENDEZ BOARD MEMBER 2.00
Director
$0 $0 $0
LARRY ODA BOARD MEMBER 2.00
Director
$0 $0 $0
RYLLER WILLIAMSON BOARD MEMBER 2.00
Director
$0 $0 $0
DENEEN GUSS BOARD MEMBER 2.00
Director
$0 $0 $0
KATHLEEN LEE BOARD MEMBER 2.00
Director
$0 $0 $0
COLBY PEREIRA BOARD MEMBER 2.00
Director
$0 $0 $0
JULIE ROTH BOARD MEMBER 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $85,155,926 $44,822,447 $380,129,927 $40,333,479
2022 $48,920,781 $36,674,242 $331,962,053 $12,246,539
2021 $55,697,801 $41,448,394 $385,630,163 $14,249,407
2020 $59,371,913 $31,836,881 $347,659,194 $27,535,032
2019 $36,184,059 $22,864,391 $291,001,254 $13,319,668
2018 $27,625,427 $22,513,928 $247,702,365 $5,111,499
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