Civic Intelligence

Monterey Peninsula College Foundation

EIN 77-0391075 • 501(c)3 • Monterey, CA

Profile

To provide financial assistance to monterey peninsula college (mpc) students, and enhance the learning environment at mpc by supporting faculty, staff, and programs.

980 Fremont Blvd Ste 130Monterey, CA 93940-4704

www.mpcfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.09x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

0.70x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

60th percentile

8.3%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-52%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$14,704,859

Up $1,125,605 (+8.3%) from 2023

Liabilities

Up

$1,251,738

Up $42,400 (+3.5%) from 2023

Net Assets

Up

$13,453,121

Up $1,083,205 (+8.8%) from 2023

Revenue

Down

$1,782,413

Down $1,968,984 (-52%) from 2023

Expenses

Down

$1,580,784

Down $882,353 (-36%) from 2023

Net Income

Down

$201,629

Down $1,086,631 (-84%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $2,837,271Liabilities 2010: $1,014,631Net Assets 2010: $1,822,6402010Assets 2011: $3,045,788Liabilities 2011: $1,182,663Net Assets 2011: $1,863,1252011Assets 2012: $3,345,917Liabilities 2012: $1,193,310Net Assets 2012: $2,152,6072012Assets 2013: $3,614,889Liabilities 2013: $1,176,544Net Assets 2013: $2,438,3452013Assets 2014: $5,756,535Liabilities 2014: $1,183,572Net Assets 2014: $4,572,9632014Assets 2015: $5,685,821Liabilities 2015: $1,127,006Net Assets 2015: $4,558,8152015Assets 2016: $6,089,884Liabilities 2016: $1,193,935Net Assets 2016: $4,895,9492016Assets 2017: $7,093,679Liabilities 2017: $1,270,061Net Assets 2017: $5,823,6182017Assets 2018: $7,412,514Liabilities 2018: $1,191,730Net Assets 2018: $6,220,7842018Assets 2019: $8,987,696Liabilities 2019: $980,609Net Assets 2019: $8,007,0872019Assets 2020: $10,805,889Liabilities 2020: $1,171,427Net Assets 2020: $9,634,4622020Assets 2021: $12,446,560Liabilities 2021: $1,262,749Net Assets 2021: $11,183,8112021Assets 2022: $11,010,450Liabilities 2022: $1,009,358Net Assets 2022: $10,001,0922022Assets 2023: $13,579,254Liabilities 2023: $1,209,338Net Assets 2023: $12,369,9162023Assets 2024: $14,704,859Liabilities 2024: $1,251,738Net Assets 2024: $13,453,1212024

Highlighted filing

2024

Assets$14,704,859
Liabilities$1,251,738
Net Assets$13,453,121

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2010: $611,794Expenses 2010: $591,572Net Income 2010: $20,2222010Revenue 2011: $1,116,006Expenses 2011: $897,681Net Income 2011: $218,3252011Expenses 2012: $971,7802012Revenue 2013: $1,056,173Expenses 2013: $878,483Net Income 2013: $177,6902013Revenue 2014: $3,028,501Expenses 2014: $873,510Net Income 2014: $2,154,9912014Revenue 2015: $1,653,534Expenses 2015: $1,402,969Net Income 2015: $250,5652015Revenue 2016: $1,373,902Expenses 2016: $1,308,568Net Income 2016: $65,3342016Revenue 2017: $1,814,364Expenses 2017: $1,364,216Net Income 2017: $450,1482017Revenue 2018: $2,144,213Expenses 2018: $1,113,475Net Income 2018: $1,030,7382018Revenue 2019: $3,070,348Expenses 2019: $1,804,846Net Income 2019: $1,265,5022019Revenue 2020: $1,918,454Expenses 2020: $1,315,137Net Income 2020: $603,3172020Revenue 2021: $2,609,037Expenses 2021: $1,818,940Net Income 2021: $790,0972021Revenue 2022: $681,090Expenses 2022: $1,586,422Net Income 2022: -$905,3322022Revenue 2023: $3,751,397Expenses 2023: $2,463,137Net Income 2023: $1,288,2602023Revenue 2024: $1,782,413Expenses 2024: $1,580,784Net Income 2024: $201,6292024

Highlighted filing

2024

Revenue$1,782,413
Expenses$1,580,784
Net Income$201,629

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.7$1.25$13.5$1.78$1.58$0.20
2023Detailed filing. Detailed filing data is available for this year.$13.6$1.21$12.4$3.75$2.46$1.29
2022Detailed filing. Detailed filing data is available for this year.$11.0$1.01$10.0$0.68$1.59$0.91
2021Detailed filing. Detailed filing data is available for this year.$12.4$1.26$11.2$2.61$1.82$0.79
2020Detailed filing. Detailed filing data is available for this year.$10.8$1.17$9.63$1.92$1.32$0.60
2019Detailed filing. Detailed filing data is available for this year.$8.99$0.98$8.01$3.07$1.80$1.27
2018Detailed filing. Detailed filing data is available for this year.$7.41$1.19$6.22$2.14$1.11$1.03
2017Detailed filing. Detailed filing data is available for this year.$7.09$1.27$5.82$1.81$1.36$0.45
2016Detailed filing. Detailed filing data is available for this year.$6.09$1.19$4.90$1.37$1.31$0.07
2015Detailed filing. Detailed filing data is available for this year.$5.69$1.13$4.56$1.65$1.40$0.25
2014Detailed filing. Detailed filing data is available for this year.$5.76$1.18$4.57$3.03$0.87$2.15
2013Detailed filing. Detailed filing data is available for this year.$3.61$1.18$2.44$1.06$0.88$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$1.19$2.15$0.97
2011Summary only. Only limited summary data is available for this year.$3.05$1.18$1.86$1.12$0.90$0.22
2010Summary only. Only limited summary data is available for this year.$2.84$1.01$1.82$0.61$0.59$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Dec 12, 2025
Return Version
2024v5.1
Gross Receipts
$2,264,287
Mission and Program Overview

Mission

To provide supplemental financial assistance for the educational programs of monterey peninsula college

To advance the educational experience of students and faculty of monterey peninsula college

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$11,958,949$13,260,804▲ $1,301,855
Savings and Temporary Cash Investments$1,161,087$914,464▼ $246,623
Pledges and Grants Receivable$32,151$71,045▲ $38,894
Accounts Receivable$1,667$10,293▲ $8,626
Prepaid Expenses and Deferred Charges$1,755$1,755→ $0
Land, Buildings, and Equipment, Net$1,511$1,133▼ $378
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$13,579,254$14,704,859▲ $1,125,605
Other Assets Total$422,134$445,365▲ $23,231
Liabilities
Other Liabilities$1,122,270$1,234,664▲ $112,394
Accounts Payable and Accrued Expenses$87,068$17,074▼ $69,994
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,209,338$1,251,738▲ $42,400
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,234,752$12,220,721▲ $985,969
Net Assets Without Donor Restrictions$1,135,164$1,232,400▲ $97,236
Total Net Assets Fund Balance$12,369,916$13,453,121▲ $1,083,205
Total Liabilities and Net Assets / Fund Balance$13,579,254$14,704,859▲ $1,125,605

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,133$15,471$16,604
Other Land Buildings$0$4,037$4,037
Other Securities$13,260,804--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$9,545,576$295,335▲ $937,922$297,887$10,480,946
2023$7,290,225$1,416,390▲ $1,139,596$324,523$9,545,576
2022$8,086,230$574,396▼ $1,212,096$233,305$7,290,255
2021$6,955,771$436,339▲ $916,402$222,282$8,086,230
2020$6,379,917$16,240▲ $749,921$190,307$6,955,771
Compensation and Service Providers

Employees

NameTitleOtherTotal
Carla BecerraDirector$103,407$103,407

Board Members and Trustees

NameTitle
Jeremy GreenPresident
Nathan SteenVice President
Andrew AusonioDirector
Debbi AnthonyDirector
Fred HochstaedterDirector
Jason GriffinDirector
Joe ServiDirector
Joyce SimonDirector
Linda YellichDirector
Mary Alice RennickDirector
Pamela StewartDirector
Pat MilowickiDirector
Peter PurdueDirector
Ron EastmanDirector
Steve CardinalliDirector
Steven HaiglerDirector
Theresa WrightDirector
Tom CliffordDirector
Tom PesceDirector
Marshall T Fulbright IiiDirector Supt Pres
Rebecca MichaelExecutive Director Non Vot
Evelyne LamsonSecretary
Maria RuessTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,199,426
Program Service Revenue
$170,815
Investment Income
$430,239
Other Revenue
$-18,067
All Other Contributions
$1,155,143
Change in Net Assets
$201,629

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,753,569
Revenue Not Reported on Financial Statements
$28,844
Revenue Not Reported on Form 990
$871,080
Other Revenue Adjustments
$28,844
Total Revenue per Audited Statements
$2,624,649
Total Revenue per Form 990
$1,782,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$777,374
Salaries, Compensation, and Employee Benefits$597,523
Total Fundraising Expense$241,799
Other Expenses$205,887
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$642,107--$642,107
Other Salaries and Wages$191,035$223,488$183,000$597,523
Grants to Domestic Orgs$135,267--$135,267
Fees for Services Other$97,321$6,948$0$104,269
Office Expenses$0$3,631$42,056$45,687
Fees for Services Accounting$0$15,130$0$15,130
Advertising$0$0$8,355$8,355
Depreciation Depletion$0$378$0$378
Total Functional Expenses$1,072,079$266,906$241,799$1,580,784

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,584,008
Total Expenses per Form 990$1,580,784
Expenses per Audited Statements$1,551,940
Expenses Not Reported on Form 990$32,068
Expenses Not Reported on Financial Statements$28,844
Other Expense Adjustments$28,844
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Monterey Peninsula CollegeMonterey, CA-Educational Program Support$135,267
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$18,067
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Lobo Hall of Fame$44,283$0$18,067$-18,067
Event 2$0$0$0$0
Total Events$44,283$0$18,067$-18,067
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Amounts held for MPC$1,234,664
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 8A

Form 990 part vi section a line 8b: the organization does not have a committee with authority to act on its behalf.

Part VI, Line 11A

The 990 return is based on the annual audited financial statements which are first reviewed by the audit committee and are then presented to the board of directors. The audit report is a condensed version of the internal financial report which is also used to supply the detail needed for the 990. Subsequent to the completion of the audit the return is prepared. Prior to filing the return is reviewed by the executive director and the finance committee.

Part VI, Line 12C

Officers directors and key employees are subject to the foundations conflict of interest policy which is signed annually by each individual to acknowledge agreement with the policy. As stated in the policy directors must disclose any potential conflicts to the foundation president or vice president and must recuse himself or herself from all discussion and voting on any issue in which he or she has a financial interest. Additionally the executive director is required to provide monterey peninsula college an annual disclosure of other board memberships property owned and other situations that create a potential conflict of interest.

Part VI, Line 15

The executive director and the accounting manager prepare the annual budget then submit it to the finance committee for input and review. The budget is then taken to the board of directors for approval. Salary levels for the staff are recommended by the executive director.

Part VI, Line 19

Form 990 part vi section c line 19: documents are available at the business address during normal business hours upon request.

Filing and Contact Details

Filer

Filer Name
Monterey Peninsula College Foundation
EIN
77-0391075
Phone
8316464860
Address
980 FREMONT BLVD STE 130, Monterey, CA 93940-4704

Signing Officer

Name
Rebecca Michael
Title
Executive Director
Phone
8316555507
Signed
2025-12-12

Organization Details

Principal Officer
Rebecca Michael
Formed
1994
Legal Domicile
CA
Voting Board Members
23
Independent Board Members
23
Employees
6
Volunteers
50
Supplemental Narrative

Additional Explanations

Part XI, Line 9

| Description:, Explanation:, Amount:| CHANGE IN VALUE SPLIT INTEREST AGREEMENT 1,088 CHANGE IN VALUE OF BENEFICIAL INTEREST 42,564 TOTAL TO FORM 990 PART XI LINE 9 43,652, FORM 990 PART XI LINE 9 CHANGES IN NET ASSETS:, $43652|

Financial Statement Notes

Part X, line 2

Part x line 2: the foundation has adopted financial accounting standards board fasb accounting standards codification asc topic 740 that clarifies the accounting for uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if based on its merits the position is more likely than not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain and accordingly no accounting adjustment has been made to the financial statements.

Part XI, line 2D

Part xi line 2d - other adjustments: special events-direct expense 18,067 change in value of split interest agreement 1,088 total to schedule d part xi line 2d 19,155

Part XI, line 4B

Part xi line 4b - other adjustments: investment fees 28,844

Part XII, line 2D

Part xii line 2d - other adjustments: special events-direct expense 18,067

Part XII, line 4B

Part xii line 4b - other adjustments: investment fees 28,844

Raw XML AppendixShowing 400 of 1,032 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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