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Monterey Bay Educational Center EIN 61-1737326

Monterey Bay Educational Center

EIN  61-1737326 Public charity (501(c)(3)) Monterey, CA
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Size
$100K–1M
What they do
Helps children reach academic goals through education, support, and qualified instructors.
Leadership
Tina Silvestri · President · $24K
Money in and out
$221K revenue, $211K expenses
Bottom line
52% program efficiency

Helps children reach academic goals through education, support, and qualified instructors. For fiscal year 2024 it reported $221K in revenue, $211K in expenses, and $11K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$221K
Pt VIII · Ln 12
Total expenses
$211K
Pt IX · Ln 25
Net assets
$11K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $10K
Where spending went · Part IX cols B–D
Program services $0.52 Management & general $0.21 Fundraising $0.27
Program efficiency
52%
of spending reaches programs
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total revenue
$221K
Pt VIII · Ln 12
Total expenses
$211K
Pt IX · Ln 25
Net assets
$11K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$10K
Total assetsPt X · Ln 16$11K
Program-expense ratioPt IX · col B52%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $110K of program spending, described in the organization's own filed words · FY2024.
01

Operated an independent study program for students in grades 6 through 12, matching each student's learning style with the optimal accredited program to best ensure academic accomplishment. Students worked independently or in groups, with supervision and guidance provided by qualified independent instructors.

$110Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMonterey Bay Educational Center
EINHdr · item D61-1737326
Principal addressHdr · item CMonterey, CA
WebsiteHdr · item Jwww.mbayedu.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFOct 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$23,853Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tina Silvestri’s $24K as President is at the 17th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants$125K · 57%
Program service revenue$56K · 25%
Other revenue$40K · 18%
Contributions & grants57%$125K
Program service revenue25%$56K
Other revenue18%$40K
Total revenueLn 12$221K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.52 Management & general $0.21 Fundraising $0.27
Program services52%$110K
Management & general21%$43K
Fundraising27%$58K
Total functional expensesLn 25$211K

Balance Sheet

Part X · end of year
CashLn 1$4K
Total assetsLn 16$11K
Total liabilitiesLn 26$0
Total net assetsLn 32$11K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4K · Operating expenses/yr $211K
0.2 months
Where the money goes
Program services
Program services $110K · Total expenses $211K
52%
Management & General
Management & general $43K · Total expenses $211K
21%
Fundraising
Fundraising $58K · Total expenses $211K
27%
Cost to raise $1
Fundraising expense $58K · Solicited contributions $125K
$0.46 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $125K · Total revenue $221K
57%
Government reliance
Government grants — · Total revenue $221K
—
Earned-income share
Program service revenue $56K · Total revenue $221K
25%
Investment reliance
Investment income $0 · Total revenue $221K
0%
Program self-sufficiency
Program service revenue $56K · Total expenses $211K
27%
Growth & trend
Revenue growth (YoY)
This year $221K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $11K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $221K · Expenses $211K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $11K
—
Net-asset ratio
Net assets $11K · Total assets $11K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $11K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tina Silvestri · Reported title PRESIDENT · Highest reported compensation $24K · Total expenses $211K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $81K · Total expenses $211K
38%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 52%——
Overhead ratio 21%——
Fundraising cost ratio 46%——
Accounting fee ratio 2%——

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 · FY2023
Amazonsmile FoundationFY2023$16
Total grants receivedfrom 1 funder$16
Grants paid · 1 grant · $29K · 2024–2024
Unitemized GrantFY2024$28,740

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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 (Latest)$221K revenue · viewing · ⤓ 990 PDF

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Sources

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