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Monterey Peninsula Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 942541783 ✦ Monterey, CA ✦ Designated as a 501(c)(3)

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

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.

Here 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 2,050 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):

    Steve John (Ceo)
  • Compensation: $337,604
  • Related: $0
  • Other: $48,453

    • Morgan Falor (Executive Dir.)
  • Compensation: $204,258
  • Related: $0
  • Other: $36,719

    • Lesley Varney (Dir. Marketing)
  • Compensation: $158,802
  • Related: $0
  • Other: $41,045

    • Clint Eastwood (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Ueberroth (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lori Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry Yang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Murray Demo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Perocchi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Mackenzie (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Heidi Ueberroth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Gill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harris Barton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jordan Cupps (Dir. Of Finance)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.montereypeninsulafoundation.org

    Where can I find the form 990 for Monterey Peninsula Foundation?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    The Monterey Peninsula Foundation enhances the quality of life in Monterey County and surrounding areas through the strategic disbursement of charitable funds generated by hosting the AT&T Pebble Beach Pro-Am and the Pure Insurance Championship at Pebble Beach. In the fiscal year ending on June 30, 2022, the foundation provided 135 grants, 53 tournament-related gifts, 25 service organization donations, and 20 sponsorships and other gifts. Their impact is reflected in the significant support and contributions they provide to various causes and organizations in the region, ultimately making a positive difference in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Steve John

    Main Address

    5 MANDEVILLE COURT STE 101, MONTEREY, CA, 93940

    NTEE Category

    Code: N70 - Recreation

    If you are a representative of Monterey Peninsula Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.