Civic Intelligence

Monterey Wine Festival Educational Foundation Inc.

EIN 94-2702502 • 501(c)3 • Monterey, CA

Pub. 78 Eligible990-N Coverage

Profile

Provide education scholarship funds

555 Abrego StreetMonterey, CA 93940

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

1st percentile

-39616%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

26th percentile

-32%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$41,203

Down $19,412 (-32%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

Down

$41,203

Down $19,412 (-32%) from 2018

Operations
Liabilities / Revenue62nd percentileNet Margin1st percentile

Revenue

Down

$49

Down $268,440 (-100%) from 2018

Expenses

Down

$19,461

Down $267,784 (-93%) from 2018

Net Income

Down

-$19,412

Down $656 (-3.5%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth26th percentile

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

$300K$200K$100K$0Assets 2011: $243,427Liabilities 2011: $1,2832011Assets 2012: $160,447Liabilities 2012: $8582012Assets 2013: $147,236Liabilities 2013: $02013Assets 2014: $138,062Liabilities 2014: $02014Assets 2017: $79,371Liabilities 2017: $0Net Assets 2017: $79,3712017Assets 2018: $60,615Liabilities 2018: $0Net Assets 2018: $60,6152018Assets 2019: $41,203Liabilities 2019: $0Net Assets 2019: $41,2032019

Highlighted filing

2019

Assets$41,203
Liabilities$0
Net Assets$41,203
Open 2019 Filing

Operations Trend

Revenue Growth3rd percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $116,244Expenses 2011: $110,010Net Income 2011: $6,2342011Revenue 2012: $148,175Expenses 2012: $230,730Net Income 2012: -$82,5552012Revenue 2013: $145,750Expenses 2013: $158,060Net Income 2013: -$12,3102013Revenue 2014: $104,674Expenses 2014: $113,849Net Income 2014: -$9,1752014Revenue 2017: $263,137Expenses 2017: $257,860Net Income 2017: $5,2772017Revenue 2018: $268,489Expenses 2018: $287,245Net Income 2018: -$18,7562018Revenue 2019: $49Expenses 2019: $19,461Net Income 2019: -$19,4122019

Highlighted filing

2019

Revenue$49
Expenses$19,461
Net Income-$19,412
Open 2019 Filing

Filings

Most recent year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$41,203
Liabilities
$0
Net assets
$41,203
Revenue
$49
Expenses
$19,461
Net income
-$19,412
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.00$0.19$0.19
2018Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$2.68$2.87$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$2.63$2.58$0.05
2014Summary only. Only limited summary data is available for this year.$1.38$0.00$1.05$1.14$0.09
2013Summary only. Only limited summary data is available for this year.$1.47$0.00$1.46$1.58$0.12
2012Summary only. Only limited summary data is available for this year.$1.60$0.01$1.48$2.31$0.83
2011Summary only. Only limited summary data is available for this year.$2.43$0.01$1.16$1.10$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Nov 1, 2019
Return Version
2018v3.1
Gross Receipts
$49
Mission and Program Overview

Mission

Provide education scholarship funds

Program Services

DescriptionGrantsExpenses
The organizations purpose is to provide educational scholarship funds. Its funding is obtained through auctions of wine and other in-kind items, most of which are donated to the organization, including services and facilities necessary for the auction, by the Board of Directors and other supporting individuals. The reported in-kind value of these donations is the amount received at auction, or fair-market value if known. For the reporting year ended July 31, 2019 the annual auction was taken over by another organization, formerly a grant recipient.-$15,000
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol ChorbajianPresident-$0--
Michael ZimmermanSec/Treasurer-$0--
Ted BalesteriDirector-$0--
Richard G Peterson PHDDirector-$0--
Fred Dame MSDirector-$0--
David ArmanascoDirector-$0--
Cal StamenovDirector-$0--
Robert WeakleyDirector-$0--
Jeff GillesDirector-$0--
Filing and Contact Details

Filer

Filer Name
Monterey Wine Festival Educational
EIN
94-2702502
Phone
8319157014
Address
555 Abrego Street, Monterey, CA 93940

Signing Officer

Name
Carol Chorbajian
Title
President
Signed
2019-11-01
Discuss with paid preparer
Yes

Preparer

Firm
Finn & Cohen CPAs APC
Address
425 Pacific Street Suite 302, Monterey, CA 93940
Preparer
William P Finn CPA
Phone
8313755166
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“Class of Activity: Disadvantaged Youth Progr | Donee's Name: Rancho Cielo Youth Campus | Donee's Address: 710 Old Stage Road Salinas ca 93908 | Relationship of Donee: None | Cash Amount Given: $15000”

Other Expenses.1002

“Office Expenses $139”

Other Expenses.1012

“Insurance $446”

Other Expenses.1

“Tax and licenses $553”

Other Expenses.2

“bank charges $71”

Raw XML Appendix180 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.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Carol Chorbajian
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Michael Zimmerman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Ted Balesteri
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Fred Dame MS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5David Armanasco
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Cal Stamenov
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Robert Weakley
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Jeff Gilles
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Sec/Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt01209
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Provide education scholarship funds
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The organizations purpose is to provide educational scholarship funds. Its funding is obtained through auctions of wine and other in-kind items, most of which are donated to the organization, including services and facilities necessary for the auction, by the Board of Directors and other supporting individuals. The reported in-kind value of these donations is the amount received at auction, or fair-market value if known. For the reporting year ended July 31, 2019 the annual auction was taken over by another organization, formerly a grant recipient.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt015000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt019461
IRS990EZ/TotalRevenueAmt049
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt062200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt070850
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0196282
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0945663
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0196282
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0196282
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01079056
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Class of Activity: Disadvantaged Youth Progr | Donee's Name: Rancho Cielo Youth Campus | Donee's Address: 710 Old Stage Road Salinas ca 93908 | Relationship of Donee: None | Cash Amount Given: $15000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $139
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $446
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Tax and licenses $553
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4bank charges $71
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.2
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Carol Chorbajian
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Monterey Wine Festival Educational
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0MONT
ReturnHeader/Filer/EIN0942702502
ReturnHeader/Filer/PhoneNum08319157014
ReturnHeader/Filer/USAddress/AddressLine1Txt0555 Abrego Street
ReturnHeader/Filer/USAddress/CityNm0Monterey
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093940
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0770296692
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Finn & Cohen CPAs APC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0425 Pacific Street Suite 302
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Monterey
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093940
ReturnHeader/PreparerPersonGrp/PhoneNum08313755166
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William P Finn CPA
ReturnHeader/ReturnTs02019-11-01T14:50:58-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-08-01
ReturnHeader/TaxPeriodEndDt02019-07-31
ReturnHeader/TaxYr02018

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