Monterey County Office of Education Programs Foundation EIN 32-0445753

Monterey County Office of Education Programs Foundation

EIN  32-0445753 Public charity (501(c)(3)) Salinas, CA Founded 2013
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Monterey County Office of Education Programs Foundation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Builds and supports educational programs for Monterey County school districts.
Leadership
Garry Bousum · President/CEO
Money in and out
$195K revenue, $174K expenses
Bottom line
99% program efficiency

Builds and supports educational programs for Monterey County school districts. For fiscal year 2024 it reported $195K in revenue, $174K in expenses, and $597K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$195K
Pt VIII · Ln 12
Total expenses
$174K
Pt IX · Ln 25
Net assets
$597K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $20K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs▲ +10% vs prior filing year
Operating runway
41.1mo
months of highly liquid reserves at operating expense rate▼ -44% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▼ -88% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$195K
FY2024▼ -67%
Expenses
$174K
FY2024▲ +85%
Total assets
$597K
FY2024▲ +4%
Total liabilities
$0
FY2024
Total revenue
$195K
Pt VIII · Ln 12
Total expenses
$174K
Pt IX · Ln 25
Net assets
$597K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$20K
Total assetsPt X · Ln 16$597K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $173K of program spending, described in the organization's own filed words · FY2024.
01

The foundation provides support to monterey county office of education (mcoe) through direct payments to fund programs as well as indirectly by providing teacher awards to instructors throughout the county.

$173Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMonterey County Office of Education Programs Foundation
EINHdr · item D32-0445753
Principal addressHdr · item CSalinas, CA
WebsiteHdr · item Jmontereycoe.org/foundation
Year of formationHdr · item L2013
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMay 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/CEO
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
See Monterey County Office of Education Programs Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$182K · 93%
Investment income$13K · 7%
Contributions & grants93%$182K
Investment income7%$13K
— government grantsLn 1e$7K
Total revenueLn 12$195K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$173K
Management & general1%$2K
Total functional expensesLn 25$174K

Balance Sheet

Part X · end of year
CashLn 1$597K
Total assetsLn 16$597K
Total liabilitiesLn 26$0
Total net assetsLn 32$597K
Months of cash on handcomputed41.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $597K · Operating expenses/yr $174K
41.1 months
Where the money goes
Program services
Program services $173K · Total expenses $174K
99%
Management & General
Management & general $2K · Total expenses $174K
1%
Fundraising
Fundraising $0 · Total expenses $174K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $142K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $182K · Total revenue $195K
93%
Government reliance
Government grants $7K · Total revenue $195K
4%
Earned-income share
Program service revenue $0 · Total revenue $195K
0%
Investment reliance
Investment income $13K · Total revenue $195K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $174K
0%
Growth & trend
Revenue growth (YoY)
This year $195K · Prior year $583K
-67%
Revenue CAGR
FY2020 $559K · FY2024 $195K
-23%
Net-asset trend (YoY)
End of year $597K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $195K · Expenses $174K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $597K
Net-asset ratio
Net assets $597K · Total assets $597K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $597K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Garry Bousum · Reported title PRESIDENT/CEO · Highest reported compensation $0 · Total expenses $174K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $174K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Revenue growth -67%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$6K
Grants paid · 11 grants · $924K · 2020–2024
Unitemized GrantFY2024$155,336
Monterey County Office of EducationFY2024$10,450
Unitemized GrantFY2024$4,500
Unitemized GrantFY2024$2,500
Unitemized GrantFY2023$76,200
Unitemized GrantFY2023$8,580
Unitemized GrantFY2022$18,175
Unitemized GrantFY2022$7,000
Monterey County Office of EducationFY2020$537,280
Unitemized GrantFY2020$23,500

Similar Organizations

Closest in mission — by what they do
See all organizations like Monterey County Office of Education Programs Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$583K revenue · ⤓ 990 PDF
FY2023$147K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$559K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.