Community Foundation For Monterey County
95% goes to programs $1 to raise $100 Strong reserves Growing revenue
Community Foundation For Monterey County is a 501(c)(3) organization based in Monterey, California, registered in 1966, with $122,683,888 in FY2024 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
2354 Garden Rd, Monterey, CA, 93940 EIN 94-1615897 Since 1966
Revenue (FY2024)
$122.7M
▲ 44.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$72.4M
Net assets
$332.9M
Employees
31
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating95% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Community Foundation For Monterey County: 95% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating55 mo reserves · +41% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Community Foundation For Monterey County: 55 mo reserves · +41% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Community Foundation For Monterey County: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Community Foundation For Monterey County: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To inspire philanthropy and be a catalyst for strengthening communities throughout monterey county.
What they do
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! has now raised and contributed over $82.4 million dollars since its inception fifteen years ago.
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.
All other programssee www.cfmco.org for all other programs.
Contact & location
- Address
- 2354 Garden Rd, Monterey, CA, 93940
- City
- Monterey
- State
- California
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $16.0M (FY2014) to $122.7M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $87.3MNet assets $332.9M
Operating margin
41.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$420.2M
Total liabilities
$87.3M
Net assets
$332.9M
Salaries & benefits
$3.9M
5% of expenses
Board members
19
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $122,683,888▲44.1% | $72,355,257▲61.4% | $332,909,695▲11.7% | $420,197,115▲10.5% | 990 |
| 2023 | $85,155,926▲74.1% | $44,822,447▲22.2% | $298,014,742▲16.0% | $380,129,927▲14.5% | 990 |
| 2022 | $48,920,781▼12.2% | $36,674,242▼11.5% | $256,939,077▼15.3% | $331,962,053▼13.9% | 990 |
| 2021 | $55,697,801▼6.2% | $41,448,394▲30.2% | $303,210,221▲11.5% | $385,630,163▲10.9% | 990 |
| 2020 | $59,371,913▲64.1% | $31,836,881▲39.2% | $271,929,112▲18.0% | $347,659,194▲19.5% | 990 |
| 2019 | $36,184,059▲31.0% | $22,864,391▲1.6% | $230,383,948▲16.1% | $291,001,254▲17.5% | 990 |
| 2018 | $27,625,427▼47.9% | $22,513,928▲13.4% | $198,371,258▼7.2% | $247,702,365▼6.9% | 990 |
| 2017 | $53,013,123▲71.6% | $19,857,613▲9.5% | $213,820,247▲27.9% | $266,126,373▲28.0% | 990 |
| 2016 | $30,888,665▲34.6% | $18,137,983▲42.5% | $167,128,328▲11.0% | $207,964,008▲15.4% | 990 |
| 2015 | $22,947,634▲43.8% | $12,732,215▼9.8% | $150,578,654▲0.6% | $180,284,198▲1.4% | 990 |
| 2014 | $15,958,076 | $14,117,771▲55.0% | $149,708,295▲27.2% | $177,868,215▲29.2% | 990 |
| 2010 | — | $9,105,755 | $117,729,173 | $137,678,876 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Daniel Baldwin — $384,980 (0.53% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Daniel Baldwin | President & Ceo | 40 | $384,980 |
| Christine Dawson | Sr. Vp Philanthropic Services | 40 | $206,749 |
| Kim Drabner | Vp Finance & Hr | 40 | $186,159 |
| Laurel Lee-alexander | Vp of Grants | 40 | $149,630 |
| Daniel Faith | Dir of Finance | 40 | $131,163 |
| Janet Shing | Dir of Grantmaking | 40 | $120,952 |
| Maria Hauman | Dir of Operations | 40 | $115,518 |
| Amanda Holder | Dir of Commn | 40 | $108,563 |
| Adriana Melgoza | Board Member | 2 | — |
| Colby Pereira | Board Member | 2 | — |
| Deneen Guss | Board Member | 2 | — |
| Elsa Mendoza Jimenez | Vice Chair | 2 | — |
| Francine Rodd | Board Member | 2 | — |
| Giff Lehman | Board Member | 2 | — |
| Jennifer Walker | Board Member | 2 | — |
| Jesse Lopez | Treasurer | 2 | — |
| Joe Pezzini | Board Member | 2 | — |
| Julie Roth | Board Member | 2 | — |
| Kathleen Lee | Secretary | 2 | — |
| Kirk Gafill | Chair | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Verus | Investment Advisor | $103,333 |
Grants received · $24.3M total
82 grants to Community Foundation For Monterey County totaling $24.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $64.8M in FY2024
1 grant totaling $64.8M in FY2024. All grants made by Community Foundation For Monterey County →
| Recipient | Purpose | Amount |
|---|---|---|
| Detailed Schedule Attached | Various | $64,785,422 |
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Compare Community Foundation For Monterey County
Frequently asked questions
- Is Community Foundation For Monterey County a legitimate nonprofit?
- Yes. Community Foundation For Monterey County is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 94-1615897, based in Monterey, California. Donations are tax-deductible.
- What is Community Foundation For Monterey County's EIN?
- Community Foundation For Monterey County's Employer Identification Number (EIN) is 94-1615897.
- How much revenue does Community Foundation For Monterey County report?
- Community Foundation For Monterey County reported $122,683,888 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Community Foundation For Monterey County's spending goes to programs?
- Community Foundation For Monterey County spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Community Foundation For Monterey County have?
- CharityIndex grades Community Foundation For Monterey County A+, based on program efficiency and fundraising cost.
- How much does Community Foundation For Monterey County's highest-paid employee make?
- The highest reported compensation on Community Foundation For Monterey County's latest Form 990 is $384,980, paid to Daniel Baldwin (President & Ceo).
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Data for Community Foundation For Monterey County (EIN 94-1615897) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.