Monterey Peninsula Foundation

Monterey Peninsula Foundation

Monterey, CA 93940
Tax ID94-2541783

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About this organization

Revenue

$38,484,299

Expenses

$42,347,172

Mission

To enhance 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.

About

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 164 GRANTS, 97 TOURNAMENT RELATED GIFTS, 28 SERVICE ORGANIZATION DONATIONS, AND 37 SPONSORSHIPS AND OTHER GIFTS DURING FISCAL YEAR ENDING 6/30/19.

Interesting data from their 2017 990 filing

From their filing, the objective of the non-profit is stated as “To enhance 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 nature valley first tee open at pebble beach.”.

When talking about its functions, they were outlined as: “To enhance 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 nature valley first tee open at pebble beach.”.

  • The legally reported state of operation for the non-profit is CA.
  • According to the filing, the non-profit's address in 2017 is 1 LOWER RAGSDALE DRIVE BLDG 3, MONTEREY, CA, 939405749.
  • The non-profit organization as of 2017 has a total of 26 employees reported on their form.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $371,152.
  • The CEO's compensation within the organization is determined through a thorough evaluation by an impartial entity.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 11 independent voting members.
  • The organization was formed in 1978.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $1,506,898 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.