Worldwide MissionsOne of the main visions of the Monterey Foundation is to encourage and promote worldwide missions, where those of cultures different from our own may be introduced to the love of God. The Foundation may provide temporary or permanent assistance to churches in the support of missionaries, and to individuals participating in short-term mission efforts. Those efforts have included help for churches, missionaries, schools, and other similar efforts. We have also provided one-time donations to meet specific needs and to serve where we are needed.Community MissionsMonterey Foundation also believes that much can be done in the local community in the name of God. The Foundation has provided temporary assistance to families and individuals in need of housing, food, clothing, and even medical care. We have also provided one-time donations to meet specific needs. In some cases we work directly with those individuals and families. In other cases, we have partnered with other orga

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Plus $193K in investments, Pt X · Ln 11–13
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$110K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$134K
-10% vs prior year
Spent
$108K
To programs
100%
Net assets
$509K
By yearFY2020–FY2024
Revenue
$134K
FY2024▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$114K
FY2021$87K
FY2022$131K
FY2023$149K
FY2024$134K
Net assets
$509K
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$343K
FY2021$371K
FY2022$402K
FY2023$475K
FY2024$509K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $108K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Monterey Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports churches and individuals spreading God's love through global and local missions.

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Provided by the organization

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1 program · $108K · in their own filed words · FY2024
01

Grants to 501(c)3 organizations to facilitate the organizations mission

$108Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$134K
Ln 12
Gifts and grantsLn 1h$104K
Investment incomeLn 3$21K
Fees for servicesLn 2g$9K
Money outPt IX
$108K
Ln 25
Programscol B$108K
Owns and owesPt X
$509K
net assets · Ln 32
Cash and savingsLn 1–2$75K
Total assetsLn 16$619K
LiabilitiesLn 26$110K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$104K
Fundraising eventsLn 1c$104K
Fees for servicesLn 2g$9K
Investment incomeLn 3$21K
Gains on assetsLn 7$14K
Total revenueLn 12$134K
Assets in detailPt X, end of year
CashLn 1$75K
SavingsLn 2$0
Cash and savings togetherLn 1–2$75K
InvestmentsLn 11–13$193K
Land, buildings, equipmentLn 10c$351K
Other assetsLn 15$1
Total assetsLn 16$619K
LiabilitiesLn 26$110K
Net assetsLn 32$509K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$77K$75K
InvestmentsLn 11–13$195K$193K
Land, buildings, equipmentLn 10c$203K$351K
Total assetsLn 16$475K$619K
LiabilitiesLn 26$0$110K
Net assetsLn 32$475K$509K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$74K$74K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$118$118
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$3K$3K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$27K$27K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$108K$108K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $134K$108K$26K$509K 990 PDF
FY2023 $149K$475K 990 PDF
FY2022 $131K$402K 990 PDF
FY2021 $87K$371K 990 PDF
FY2020 $114K$343K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $134,118 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $133,595$104,181
I-9 Program service revenuePrior year $8,397$8,507
I-10 Investment incomePrior year $7,912$21,430
I-11 Other revenuePrior year −$693$0
I-12 Total revenuePrior year $149,211$134,118
I-13 Grants and similar amounts paidPrior year $65,994$74,014
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $32,463$33,758
I-18 Total expensesPrior year $98,457$107,772
I-19 Revenue less expensesPrior year $50,754$26,346
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $134,118 across 9 lines filed
VIII-1c Fundraising events$104,181
VIII-1h Total contributions, gifts and grants$104,181
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,507$8,507
VIII-3 Investment incomeRelated to mission $7,584$7,584
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $13,846$13,846
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $29,937$134,118
Part IX · Statement of functional expenses $107,772 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $74,014$74,014
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $118$118
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $3,275$3,275
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $26,992$26,992
IX-24e All other expensesPrograms $3,373$3,373
IX-25 Total functional expensesPrograms $107,772 · Management $0 · Fundraising $0$107,772
Part X · Balance sheet $618,709 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $77,333$75,346
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $203,381$350,804
X-11 Publicly traded securitiesStart of year $194,651$192,558
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$1
X-16 Total assetsStart of year $475,365$618,709
X-26 Total liabilitiesStart of year $0$109,755
X-32 Total net assets or fund balancesStart of year $475,365$508,954
X-33 Total liabilities and net assetsStart of year $475,365$618,709
Part XI · Reconciliation of net assets $508,954 net assets at year end
XI-1 Total revenue$134,118
XI-2 Total expenses$107,772
XI-3 Revenue less expenses$26,346
XI-4 Net assets at start of year$475,365
XI-5 Net unrealized gains (losses) on investments$7,243
XI-10 Net assets at end of year$508,954

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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