To inspire philanthropy and be a catalyst for strengthening communities throughout Monterey County.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 40 volunteers and 22 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $28.9M a year · 39% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Plus $320.5M in investments, Pt X · Ln 11–13
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $186K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$87.3M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$122.7M
+44% vs prior year
Spent
$72.4M
To programs
95%
Net assets
$332.9M
By yearFY2020–FY2024
Revenue
$122.7M
FY2024▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$59.4M
FY2021$55.7M
FY2022$48.9M
FY2023$85.2M
FY2024$122.7M
Expenses
$72.4M
FY2024▲ +61%
Tap a bar for its year
Expenses by fiscal year
FY2020$31.8M
FY2021$41.4M
FY2022$36.7M
FY2023$44.8M
FY2024$72.4M
Net assets
$332.9M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$271.9M
FY2021$303.2M
FY2022$256.9M
FY2023$298.0M
FY2024$332.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1966.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $68.6M Management & general 4% · $2.6M Fundraising 2% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$384,980Pt VII · Sec A
SR. VP Philanthropic Services
$206,749Pt VII · Sec A
VP Finance & HR
$186,159Pt VII · Sec A
$149,630Pt VII · Sec A
Dir of Finance
$131,163Pt VII · Sec A
Dir of Grantmaking
$120,952Pt VII · Sec A
Dir of Operations
$115,518Pt VII · Sec A
Dir of Commn
$108,563Pt VII · Sec A

Daniel Baldwin’s $385K as President & CEO is at the 32nd percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking 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.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Daniel Baldwin$384,980$362,665$350,412$313,635$303,700
Christine Dawson$206,749$193,677$184,598$162,206$147,735
Kim Drabner$186,159$174,163$165,900$111,292—
Diane Nonella Retired 101———$161,035—
Laurel Lee-Alexander$149,630$125,655$137,701$145,226$141,082
Diane Nonella————$141,423
Daniel Faith$131,163$120,331———
Janet Shing$120,952$112,076$106,658——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Community Foundation for Monterey County 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 15aYes

Programs and updates

Inspires philanthropy, administers scholarships, and provides grants to strengthen communities and expand higher education access for students throughout Monterey County.

Questions for Community Foundation for Monterey County

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Your first name shows with your question. Community Foundation for Monterey County answers here, for everyone.

Provided by the organization

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3 programs · $67.9M · in their own filed words · FY2024
01

Grant Programs

As the largest grantmaking foundation in monterey county, the community foundation provides funding and technical assistance support to a wide-range of nonprofit and community organizations providing needed services in the program areas of arts and culture, children and youth development, community development, health and human services…

$54.4Mprogram expense
02

Monterey County Gives! (mc Gives!)

MC gives! Is a special project of the monterey county weekly, the community foundation for monterey county and the monterey peninsula foundation and was created to support the local nonprofit community with an annual year-end giving campaign. In 2024, 206 organizations participated to raise a total of $14.3 million. MC gives!

$12.1Mprogram expense
03

Scholarships

The community foundation for monterey county (CFMC) holds and administers more than 95 scholarship funds that create greater access to higher education for deserving local students. Scholarships help students realize their potential and growing the number of students who earn college degrees makes a brighter future for us all.

$1.5Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
See all 5 funders →
Grants paid · 5 grants · $195.4M · 2020–2024
Individual RecipientFY2024$64,785,422
Individual RecipientFY2023$39,774,930
Individual RecipientFY2022$29,888,380
Individual RecipientFY2021$35,090,949
Individual RecipientFY2020$25,848,566

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$122.7M
Ln 12
Gifts and grantsLn 1h$100.4M
Investment incomeLn 3$21.5M
Fees for servicesLn 2g$602K
Money outPt IX
$72.4M
Ln 25
Programscol B$68.6M
Managementcol C$2.6M
Fundraisingcol D$1.1M
Owns and owesPt X
$332.9M
net assets · Ln 32
Cash and savingsLn 1–2$53.9M
Total assetsLn 16$420.2M
LiabilitiesLn 26$87.3M
PeoplePt VI, VII
27
listed · VII A
PaidVII A8
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100.4M
Government grantsLn 1e$2.9M
Noncash giftsLn 1g$22.2M
Fundraising eventsLn 1c$23K
Fees for servicesLn 2g$602K
Investment incomeLn 3$21.5M
Other incomeLn 4–11$209K
Gains on assetsLn 7$8.8M
Total revenueLn 12$122.7M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$53.9M
Cash and savings togetherLn 1–2$53.9M
InvestmentsLn 11–13$320.5M
Land, buildings, equipmentLn 10c$1.7M
Other assetsLn 15$42.8M
Total assetsLn 16$420.2M
LiabilitiesLn 26$87.3M
Net assetsLn 32$332.9M
OperationsPt I, VI
EmployeesI 522
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$42.9M$53.9M
InvestmentsLn 11–13$301.1M$320.5M
Land, buildings, equipmentLn 10c$1.8M$1.7M
Total assetsLn 16$380.1M$420.2M
LiabilitiesLn 26$82.1M$87.3M
Net assetsLn 32$298.0M$332.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$66.1M$66.1M
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$904K$246K$506K$153K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2.1M$743K$881K$514K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$629K$195K$303K$131K
Payroll taxesLn 10$204K$63K$98K$43K
Management feesLn 11a$0
Legal feesLn 11b$23K$17K$5K$2K
Accounting feesLn 11c$42K$30K$9K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$372K$267K$78K$27K
Advertising and promotionLn 12$65K$22K$32K$11K
Office expensesLn 13$25K$9K$13K$4K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$200K$66K$100K$34K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$201K$66K$100K$34K
InsuranceLn 23$30K$10K$15K$5K
Other expenses (24a–d)Ln 24$1.2M$647K$379K$130K
All other expensesLn 24e$222K$94K$96K$33K
Total functional expensesLn 25$72.4M$68.6M$2.6M$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $122.7M$72.4M$50.3M$332.9M 990 PDF
FY2023 $85.2M$44.8M$40.3M$298.0M 990 PDF
FY2022 $48.9M$36.7M$12.2M$256.9M 990 PDF
FY2021 $55.7M$41.4M$14.2M$303.2M 990 PDF
FY2020 $59.4M$31.8M$27.5M$271.9M 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 M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $122,683,888 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $57,495,030$100,422,140
I-9 Program service revenuePrior year $522,119$602,053
I-10 Investment incomePrior year $27,077,499$21,450,553
I-11 Other revenuePrior year $61,278$209,142
I-12 Total revenuePrior year $85,155,926$122,683,888
I-13 Grants and similar amounts paidPrior year $39,269,652$66,143,193
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,369,548$3,874,958
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,183,247$2,337,106
I-18 Total expensesPrior year $44,822,447$72,355,257
I-19 Revenue less expensesPrior year $40,333,479$50,328,631
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $122,683,888 across 13 lines filed
VIII-1c Fundraising events$22,710
VIII-1e Government grants$2,920,366
VIII-1f All other contributions, gifts and grants$97,479,064
VIII-1g Noncash contributions (included above)$22,150,668
VIII-1h Total contributions, gifts and grants$100,422,140
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $602,053$602,053
VIII-3 Investment incomeExcluded from tax $12,690,264$12,690,264
VIII-5 Royalties$0
VIII-6 Net rental income or lossUnrelated business $148,480$148,480
VIII-7 Net gain or loss on sales of assetsRelated to mission $8,760,289$8,760,289
VIII-8 Net income from fundraising events−$2,254
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $62,916$62,916
VIII-12 Total revenueRelated to mission $9,425,258 · Unrelated business $148,480 · Excluded from tax $12,690,264$122,683,888
Part IX · Statement of functional expenses $72,355,257 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $66,143,193$66,143,193
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 staffPrograms $245,906 · Management $505,739 · Fundraising $152,753$904,398
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $742,745 · Management $880,748 · Fundraising $513,517$2,137,010
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $195,376 · Management $302,583 · Fundraising $131,139$629,098
IX-10 Payroll taxesPrograms $63,482 · Management $98,341 · Fundraising $42,629$204,452
IX-11a Management fees$0
IX-11b Legal feesPrograms $16,819 · Management $4,919 · Fundraising $1,683$23,421
IX-11c Accounting feesPrograms $30,055 · Management $8,814 · Fundraising $2,985$41,854
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $267,104 · Management $78,335 · Fundraising $26,520$371,959
IX-12 Advertising and promotionPrograms $21,791 · Management $32,024 · Fundraising $10,836$64,651
IX-13 Office expensesPrograms $8,551 · Management $12,606 · Fundraising $4,323$25,480
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $65,944 · Management $100,088 · Fundraising $34,322$200,354
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $66,165 · Management $100,436 · Fundraising $34,442$201,043
IX-23 InsurancePrograms $9,868 · Management $14,978 · Fundraising $5,136$29,982
IX-24 Other expenses (24a–d)Programs $647,481 · Management $378,831 · Fundraising $129,907$1,156,219
IX-24e All other expensesPrograms $93,651 · Management $95,691 · Fundraising $32,801$222,143
IX-25 Total functional expensesPrograms $68,618,131 · Management $2,614,133 · Fundraising $1,122,993$72,355,257
Part X · Balance sheet $420,197,115 assets, 21 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $42,920,076$53,896,194
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $3,634,100$441,408
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $12,639$12,744
X-10c Land, buildings and equipment, netStart of year $1,787,051$1,735,623
X-11 Publicly traded securitiesStart of year $286,898,254$308,779,219
X-12 Other securitiesStart of year $14,203,754$11,717,095
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $453,526$817,540
X-15 Other assetsStart of year $30,220,527$42,797,292
X-16 Total assetsStart of year $380,129,927$420,197,115
X-17 Accounts payable and accrued expensesStart of year $309,968$465,156
X-18 Grants payableStart of year $2,015,701$3,037,519
X-25 Other liabilitiesStart of year $79,781,221$81,661,742
X-26 Total liabilitiesStart of year $82,115,185$87,287,420
X-27 Net assets without donor restrictionsStart of year $84,977,054$96,569,024
X-28 Net assets with donor restrictionsStart of year $213,037,688$236,340,671
X-32 Total net assets or fund balancesStart of year $298,014,742$332,909,695
X-33 Total liabilities and net assetsStart of year $380,129,927$420,197,115
Part XI · Reconciliation of net assets $332,909,695 net assets at year end
XI-1 Total revenue$122,683,888
XI-2 Total expenses$72,355,257
XI-3 Revenue less expenses$50,328,631
XI-4 Net assets at start of year$298,014,742
XI-5 Net unrealized gains (losses) on investments$9,287,262
XI-9 Other changes in net assets−$24,720,940
XI-10 Net assets at end of year$332,909,695

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

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