Civic Intelligence

Monterey Collegiate Foundation Co Katy Reyes

990 • Fiscal year 2015 • EIN 20-1790250

Jun 01, 2014 to May 31, 2015 • Filed on Apr 18, 2016

71 Pearl StreetMonterey, CA 93940

(831) 214-7073

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

27th percentile

-5.3%

Higher net margin than 27% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

9th percentile

-13%

Faster asset growth than 9% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

10th percentile

-31%

Faster revenue growth than 10% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$69,338

Down $10,412 (-13%) from 2014

Net Assets

Down

$67,285

Down $8,600 (-11%) from 2014

Liabilities

Down

$2,053

Down $1,812 (-47%) from 2014

Revenue

Down

$163,810

Down $72,664 (-31%) from 2014

Expenses

Down

$172,410

Down $79,958 (-32%) from 2014

Net Income

Up

-$8,600

Up $7,294 (+46%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $185,075Liabilities 2011: $6,772Net Assets 2011: $178,3032011Assets 2012: $131,394Liabilities 2012: $6,630Net Assets 2012: $124,7642012Assets 2013: $95,907Liabilities 2013: $4,128Net Assets 2013: $91,7792013Assets 2014: $79,750Liabilities 2014: $3,865Net Assets 2014: $75,8852014Assets 2015: $69,338Liabilities 2015: $2,053Net Assets 2015: $67,2852015Assets 2016: $89,707Liabilities 2016: $2,052Net Assets 2016: $87,6552016Assets 2017: $98,766Liabilities 2017: $2,053Net Assets 2017: $96,7132017Assets 2018: $148,000Liabilities 2018: $0Net Assets 2018: $148,0002018Assets 2019: $252,916Liabilities 2019: $0Net Assets 2019: $252,9162019Assets 2020: $64,324Liabilities 2020: $0Net Assets 2020: $64,3242020Assets 2021: $17,750Net Assets 2021: $17,7502021Assets 2022: $332,946Liabilities 2022: $0Net Assets 2022: $332,9462022Assets 2023: $464,370Liabilities 2023: $5,519Net Assets 2023: $458,8512023Assets 2024: $376,003Liabilities 2024: $365Net Assets 2024: $375,6382024Assets 2025: $412,054Liabilities 2025: $2,023Net Assets 2025: $410,0312025

Highlighted filing

2015

Assets$69,338
Liabilities$2,053
Net Assets$67,285

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $298,945Expenses 2011: $241,477Net Income 2011: $57,4682011Revenue 2012: $217,447Expenses 2012: $270,986Net Income 2012: -$53,5392012Revenue 2013: $253,951Expenses 2013: $286,936Net Income 2013: -$32,9852013Revenue 2014: $236,474Expenses 2014: $252,368Net Income 2014: -$15,8942014Revenue 2015: $163,810Expenses 2015: $172,410Net Income 2015: -$8,6002015Revenue 2016: $247,015Expenses 2016: $226,645Net Income 2016: $20,3702016Revenue 2017: $194,646Expenses 2017: $185,588Net Income 2017: $9,0582017Revenue 2018: $248,616Expenses 2018: $197,329Net Income 2018: $51,2872018Revenue 2019: $346,271Expenses 2019: $241,355Net Income 2019: $104,9162019Revenue 2020: -$27,568Expenses 2020: $161,024Net Income 2020: -$188,5922020Revenue 2021: $4,575Expenses 2021: $51,149Net Income 2021: -$46,5742021Revenue 2022: $476,704Expenses 2022: $161,508Net Income 2022: $315,1962022Revenue 2023: $309,583Expenses 2023: $183,678Net Income 2023: $125,9052023Revenue 2024: $128,735Expenses 2024: $211,948Net Income 2024: -$83,2132024Revenue 2025: $233,157Expenses 2025: $198,764Net Income 2025: $34,3932025

Highlighted filing

2015

Revenue$163,810
Expenses$172,410
Net Income-$8,600
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Apr 18, 2016
Return Version
2014v6.0
Gross Receipts
$3,900,722
Mission and Program Overview

Mission

We provide grants to charities for activities such as youth sports, youth programs and youth education for the residents of Monterey County, California.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$75,885$67,285▼ $8,600
Cash and Non-Interest-Bearing Accounts$37,933$24,644▼ $13,289
Land, Buildings, and Equipment, Net$1,817$694▼ $1,123
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$79,750$69,338▼ $10,412
Other Assets Total$40,000$44,000▲ $4,000
Liabilities
Other Liabilities$3,865$2,053▼ $1,812
Total Liabilities$3,865$2,053▼ $1,812
Net Assets / Fund Balance
Total Net Assets Fund Balance$75,885$67,285▼ $8,600
Total Liabilities and Net Assets / Fund Balance$79,750$69,338▼ $10,412

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$694$5,459$6,153
Other Assets Org$40,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
William A PhelpsPresident
Steve NaderDirector
Richard LongSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$74,943
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$88,867
All Other Contributions
$27,943
Change in Net Assets
$-8,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$109,390
Other Expenses$34,658
Salaries, Compensation, and Employee Benefits$28,362
Total Fundraising Expense$28,362
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$109,390--$109,390
Fees for Services Accounting-$29,643-$29,643
Other Salaries and Wages--$26,017$26,017
Fees for Services Legal-$3,315-$3,315
Other Employee Benefits--$2,345$2,345
Depreciation Depletion-$1,123-$1,123
Office Expenses-$335-$335
Other Expenses-$20-$20
Total Functional Expenses$109,390$34,658$28,362$172,410
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$3,825,779
Gaming Direct Expenses$3,736,912
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-TrustFacility rent to entityNo$179,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to CCC Fndn$2,052
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Board members meet to review the form before authorizing it to be filed.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

By Mail upon request.

Filing and Contact Details

Filer

Filer Name
Monterey Collegiate Foundation
EIN
20-1790250
Phone
8312147073
Address
71 Pearl Street, Monterey, CA 93940

Signing Officer

Name
William A Phelps
Title
President
Signed
2016-04-18
Discuss with paid preparer
Yes

Organization Details

Formed
2004
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
7
Volunteers
25

Preparer

Firm
Finn & Cohen CPAs APC
Address
425 Pacific Street Suite 302, Monterey, CA 93940
Preparer
David A Cohen CPA
Phone
8313755166
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04042211
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt019681507
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0694
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05459
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06153
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt140000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from Monerey Benevolent Foundation
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Security Deposit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02052
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to CCC Fndn
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0694
IRS990ScheduleD/TotalBookValueOtherAssetsAmt044000
IRS990ScheduleD/TotalLiabilityAmt02053
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/CharitableDistributionRqrInd0true
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0false
IRS990ScheduleG/GamingInformationGrp/CashPrizesBingoAmt03232137
IRS990ScheduleG/GamingInformationGrp/CashPrizesPullTabsAmt076050
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt03308187
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt03638432
IRS990ScheduleG/GamingInformationGrp/GrossRevenueBingoAmt03728279
IRS990ScheduleG/GamingInformationGrp/GrossRevenuePullTabsAmt097500
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt03825779
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt0187347
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt0151245
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesBingoAmt0147390
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesPullTabsAmt03855
IRS990ScheduleG/GamingInformationGrp/RentFacilityCostsBingoAmt0174438
IRS990ScheduleG/GamingInformationGrp/RentFacilityCostsPullTabsAmt04562
IRS990ScheduleG/GamingInformationGrp/RentFcltyCostsTotalGamingAmt0179000
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd0true
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoPct00.86000
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0true
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsPct00.86000
IRS990ScheduleG/GamingManagerCompensationAmt0444
IRS990ScheduleG/GamingManagerIsEmployeeInd0X
IRS990ScheduleG/GamingManagerPersonNm0Carolina Sahagun
IRS990ScheduleG/GamingManagerServicesProvTxt0Personnel & Gaming Mgt.
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd0true
IRS990ScheduleG/IndividualWithBooksNm0Robin HaisleyLegal Techtime Acct'g
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0true
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt071 Pearl Street
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0Monterey
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0CA
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd093940
IRS990ScheduleG/StatesWhereGamingConductedCd0CA
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0Tausha Suniga Employee Personnel & Gaming Mgt. $0
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 16 - Gaming Manager - Name, Description of Services, Compensation
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0109390
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Education Scholarship
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt075
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0A ledger recording the amount of grant assistance is kept, along with the criteria used to award the grant. Eligibility factors include the grantees financial condition, grade point average, extra-curricular activities including sports, and community service committment.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1Grant checks are remitted directly to the educational institutions.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Additional Supplemental Information
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Omni Resources LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Trust
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0179000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Facility rent to entity
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Rent paid to Omni Resources, LLC 100% owned by trust for benefit of parent of Director.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board members meet to review the form before authorizing it to be filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1By Mail upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Monterey County Benevolent Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Central Coast Charities Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0770576645
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1770576733
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Provide funding for youth education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Provide funding for youth organizations and education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt071 Pearl Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt171 Pearl Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Monterey
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Monterey
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd093940
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd193940
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.12$0.02$4.10$2.33$1.99$0.34
2024Detailed filing. Detailed filing data is available for this year.$3.76$0.00$3.76$1.29$2.12$0.83
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.64$0.06$4.59$3.10$1.84$1.26
2022Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$4.77$1.62$3.15
2021Detailed filing. Detailed filing data is available for this year.$0.18$0.18$0.05$0.51$0.47
2020Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.28$1.61$1.89
2019Detailed filing. Detailed filing data is available for this year.$2.53$0.00$2.53$3.46$2.41$1.05
2018Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$2.49$1.97$0.51
2017Detailed filing. Detailed filing data is available for this year.$0.99$0.02$0.97$1.95$1.86$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.90$0.02$0.88$2.47$2.27$0.20
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.02$0.67$1.64$1.72$0.09
2014Summary only. Only limited summary data is available for this year.$0.80$0.04$0.76$2.36$2.52$0.16
2013Summary only. Only limited summary data is available for this year.$0.96$0.04$0.92$2.54$2.87$0.33
2012Summary only. Only limited summary data is available for this year.$1.31$0.07$1.25$2.17$2.71$0.54
2011Summary only. Only limited summary data is available for this year.$1.85$0.07$1.78$2.99$2.41$0.57