2024-11-15T15:34:45-06:00 2023-12-31 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2023-01-01 850663372 MONTERRA COMMUNITY FUND MONT 6503631725 350 CONVENTION WAY REDWOOD CITY CA 94063 DAVID DIAMOND CFO & TREASURER 6503631725 2024-11-14 1 0 MICHAEL LUMSDEN P01262236 4159561500 2024-11-14 2023 2024-10-15 13:58:12Z X WADE PAINTER 350 CONVENTION WAY REDWOOD CITY CA 94063 640273 0 X WWW.MONTERRACOMMUNITYFUND.ORG X 2020 CA MONTERA COMMUNITY FUND IS A 501(C)(3) NONPROFIT FUND CREATED BY MONTERRA CREDIT UNION TO SUPPORT OUR COMMITMENT TO FINANCIAL WELLNESS IN OUR COMMUNITY. 4 0 0 4 0 0 12183809 639201 0 0 1316 1072 0 0 12185125 640273 12062091 793183 0 0 0 0 0 0 0 28455 38511 12090546 831694 94579 -191421 1552950 506529 885000 30000 667950 476529 X MONTERRA COMMUNITY FUND IS A 501(C)(3) NONPROFIT FUND CREATED BY MONTERRA CREDIT UNION TO SUPPORT OUR COMMITMENT TO FINANCIAL WELLNESS IN OUR COMMUNITY. 0 0 254143 254143 0 COASTSIDE VICTIMS FUND - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE AID TO VICTIMS OF THE HALF MOON BAY SHOOTING. 180000 180000 0 DALY CITY SMALL BUSINESS AND RESTAURANTS - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE ASSISTANCE TO SMALL BUSINESSES AND RESTAURANTS LOCATED IN DALY CITY, CA 165000 165000 0 NORTH FAIR OAKS SMALL BUSINESS - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE ASSISTANCE TO SMALL BUSINESSES LOCATED IN NORTH FAIR OAKS, CA. 194040 194040 0 RESTAURANT BREWERY WINERY - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN SAN MATEO COUNTY, CA. PALO ALTO RESTAURANTS - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN PALO ALTO, CA.SCHOLARSHIPS - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE SCHOLARSHIPS TO INCOMING COLLEGE STUDENTS.COMMUNITY DONATIONS - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE FUNDING TO VARIOUS CHARITIES WITHIN THE COMMUNITY.MICROFOOD - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE ASSISTANCE TO MICRO FOOD BUSINESSES LOCATED IN SAN MATEO COUNTY, CA.SMALL BUSINESS - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE ASSISTANCE TO SMALL BUSINESSES LOCATED IN SAN MATEO COUNTY, CA. 194040 194040 0 793183 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 189 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X DAVID DIAMOND 6503631725 350 CONVENTION WAY REDWOOD CITY CA 94063 WADE PAINTER PRESIDENT 1.00 40.00 X X 0 759104 24366 DAVID DIAMOND CFO & TREASURER 1.00 40.00 X X 0 328737 16167 VALERIE ALSIP DIRECTOR 1.00 40.00 X 0 429210 16552 SUZANNE KNOWLTON SECRETARY 1.00 40.00 X X 0 259121 21187 0 1776172 78272 0 0 1 0 0 10000 94500 534701 639201 1072 1072 640273 0 0 1072 374040 374040 419143 419143 1033 1033 33750 33750 540 540 TAXES 400 400 2788 2788 831694 793183 38511 0 140000 0 1381200 506529 31750 0 1552950 506529 160000 5000 725000 25000 885000 30000 X 667631 476529 319 0 667950 476529 1552950 506529 -191421 0 X 0 0 0 X 12096644 6962259 12183809 639201 31881913 12096644 6962259 12183809 639201 31881913 31881913 187 1878 1316 1072 4453 31886366 X SCHEDULE A, PART II: THE ORGANIZATION'S 2020 TAX YEAR WAS A SHORT TAX YEAR, AS IT WAS THE INITIAL YEAR OF FORMATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 SF ENTERPRISES INC 707 WARRINGTON AVENUE REDWOOD CITY CA 94063 200682576 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN NORTH FAIR OAKS, CA JAY'S TOWING SERVICE 773 HURLINGAME AVENUE REDWOOD CITY CA 94063 202636612 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN NORTH FAIR OAKS, CA COCOLA INC 2810 BAY ROAD REDWOOD CITY CA 94063 204223974 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN NORTH FAIR OAKS, CA PHO HUYNH HIEP III INC 85 SOUTHGATE AVENUE DALY CITY CA 94015 260469167 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN DALY CITY, CA LULUS AT TOWN AND COUNTRY INC 855 EL CAMINO REAL SUITE 49 PALO ALTO CA 94301 263479491 10000 0 TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN PALO ALTO, CA MR FONG'S BARBECUE RESTAURANT INC 950 KING DRIVE 101 DALY CITY CA 94015 263585183 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN DALY CITY, CA SAN FRANCISCO SALES AND MARKETING 373 GLENWOOD AVENUE DALY CITY CA 94015 264680652 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN DALY CITY, CA DALY CITY HB INC 6893 MISSION STREET DALY CITY CA 94014 320036455 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN DALY CITY, CA GONZALEZ TIRES INC 751 HURLINGAME AVENUE REDWOOD CITY CA 94063 364809568 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN NORTH FAIR OAKS, CA BAY TECH INSURANCE SERVICES 1515 DAY AVENUE UNIT C SAN MATEO CA 94403 452765339 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN NORTH FAIR OAKS, CA BRAZILIAN MARKET INC 82 SCHOOL STREET DALY CITY CA 94014 455376879 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN DALY CITY, CA LUCETI'S ON 25TH AVENUE 109 W 25TH AVENUE SAN MATEO CA 94403 461056856 10000 0 TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN SAN MATEO COUNTY DOUCE FRANCE CAFE 855 EL CAMINO REAL SUITE 104 PALO ALTO CA 94301 461620671 10000 0 TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN PALO ALTO, CA TOMO SUSHI AND TERIYAKI 1901 JUNIPERO SERRA BLVD G DALY CITY CA 94014 463719600 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN DALY CITY, CA BROILER EXPRESS FAMILY RESTAURANT 895 LAUREL STREET SAN CARLOS CA 94070 471719450 10000 0 TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN SAN MATEO COUNTY SPIRAL JAPANESE CUISINE 515 WESTLAKE CENTER DALY CITY CA 94015 471964679 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN DALY CITY, CA FALAFEL & THINGS 2766 BAY ROAD REDWOOD CITY CA 94063 473986048 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN NORTH FAIR OAKS, CA SAJJ MEDITERRANEAN 251 E 3RD AVENUE SAN MATEO CA 94401 611680573 10000 0 TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN SAN MATEO COUNTY LA BODEGUITA DEL MEDIO 463 S CALIFORNIA AVENUE PALO ALTO CA 94306 770454608 10000 0 TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN PALO ALTO, CA BLOOM & LAWN LANDSCAPE INC 66 SANTA RITA AVENUE DALY CITY CA 94015 813281355 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN DALY CITY, CA CORGI ENTERPRISES INC DBA BOBAVILLE 346 GELLERT BLVD DALY CITY CA 94015 814555121 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN DALY CITY, CA PEDRO POINT BREWING 55A BILL DRAKE WAY PACIFICA CA 94044 815280180 10000 0 TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN SAN MATEO COUNTY GUERRERO'S TAQUERIA LLC 164 REINA DEL MAR PACIFICA CA 94044 821158096 10000 0 TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN SAN MATEO COUNTY BLIND TASTING WINE BAR & RESTAURANT 749 LAUREL STREET SAN CARLOS CA 94070 821989497 10000 0 TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN SAN MATEO COUNTY RBNY888LLC DBA PH EXPRESS 950 KING DRIVE SUITE 112 DALY CITY CA 94015 830684430 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN DALY CITY, CA SIMPLE ONE DESSERT INC 2025 GELLERT BLVD SUITE 202 DALY CITY CA 94015 831374188 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN DALY CITY, CA QUICKLY OF SERRAMONTE 80-A SERRAMONTE CENTER DALY CITY CA 94015 832898220 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN DALY CITY, CA PAR 3 AT POPLAR CREEK 1700 COYOTE POINT DRIVE SAN MATEO CA 94401 834075714 10000 0 TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN SAN MATEO COUNTY EVANGELINE CUISINE 225 CABRILLO HIGHWAY SOUTH 102C HALF MOON BAY CA 94019 844123960 10000 0 TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN SAN MATEO COUNTY BAK FOOD CORP INC 301 MIRIAM STREET DALY CITY CA 94014 844597184 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN DALY CITY, CA DIVINO RISORANTE 968 RALSTON AVENUE BELMONT CA 94002 882419834 10000 0 TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN SAN MATEO COUNTY CELIA'S MEXICAN RESTAURANT #13 379 GELLERT BLVD DALY CITY CA 94015 912102048 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN DALY CITY, CA MILLBRAE PANCAKE HOUSE 1301 EL CAMINO REAL MILLBRAE CA 94030 941540824 10000 0 TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN SAN MATEO COUNTY REDWOOD MINI MARKET 2775 EL CAMINO REAL REDWOOD CITY CA 94063 943279534 10000 0 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN NORTH FAIR OAKS, CA THRIVE ALLIANCE 330 TWIN DOLPHIN DRIVE SUITE 155 REDWOOD CITY CA 94065 204745089 501(C)(3) 12000 0 TO PROVIDE ASSISTANCE TO NONPROFITS LOCATED IN SAN MATEO COUNTY 1 37 TO PROVIDE AID TO VICTIMS OF THE HALF MOON BAY SHOOTING 45 254143 TO PROVIDE ASSISTANCE TO RESTAURANTS LOCATED IN THE CITY OF DALY CITY, CA 4 40000 TO PROVIDE ASSISTANCE TO MICRO FOOD BUSINESSES 1 5000 TO PROVIDE ASSISTANCE TO BUSINESSES LOCATED IN NORTH FAIR OAKS, CA 11 90000 TO PROVIDE ASSISTANCE TO SMALL BUSINESSES 1 10000 TO PROVIDE COLLEGE SCHOLARSHIPS TO STUDENTS 4 20000 PART I, LINE 2: MONTERRA COMMUNITY FUND ADMINISTERS FINANCIAL ASSISTANCE GRANT PROGRAMS IN COLLABORATION WITH SAN MATEO COUNTY AND OTHER CONTRIBUTORS TO SMALL BUSINESSES AND INDIVIDUALS WHO MEET THE CRITERIA OF THE INDIVIDUAL GRANT PROGRAM. APPLICATIONS ARE SUBMITTED ONLINE, WITH THE COUNTY THEN DETERMINING ELIGIBILITY REQUIREMENTS. GRANTS ARE DISBURSED VIA CHECK TO APPROVED SMALL BUSINESSES. MONTERRA COMMUNITY FUND REVIEWS ALL ELIGIBLE APPLICATIONS PROVIDED BY SAN MATEO COUNTY WITH RECOMMENDED GRANT AMOUNTS FOR ASSESSMENT. ONCE EXPENDED, THE GRANT FUNDS ARE UNRESTRICTED AND ARE NOT MONITORED. 0 1 0 0 0 0 0 0 0 WADE PAINTER PRESIDENT 0 653009 0 95295 0 10800 0 19800 0 4566 0 783470 0 0 VALERIE ALSIP DIRECTOR 0 389693 0 39517 0 0 0 15840 0 712 0 445762 0 0 DAVID DIAMOND CFO & TREASURER 0 298152 0 30585 0 0 0 12165 0 4002 0 344904 0 0 SUZANNE KNOWLTON SECRETARY 0 184246 0 74875 0 0 0 13025 0 8162 0 280308 0 0 PART I, LINE 3 THE ORGANIZATION'S PRESIDENT IS COMPENSATED BY MONTERRA CREDIT UNION, A RELATED ORGANIZATION. MONTERRA CREDIT UNION UTILIZES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF THE PRESIDENT: COMPENSATION COMMITTEE; INDEPENDENT COMPENSATION CONSULTANT; COMPENSATION SURVEY OR STUDY; AND APPROVAL BY MONTERRA CREDIT UNION'S BOARD OF DIRECTORS. PART I, LINE 4B MONTERRA CREDIT UNION (A RELATED ORGANIZATION OF MONTERRA COMMUNITY FUND, BY DEFINITION OF THE FORM 990 INSTRUCTIONS) HAS MADE A LOAN FOR LIFE INSURANCE PREMIUM PAYMENTS TO THE PRESIDENT OF MONTERRA COMMUNITY FUND RELATING TO HIS SERVICES AS PRESIDENT/CEO OF MONTERRA CREDIT UNION. THE LOAN IS COLLATERALIZED BY THE ASSIGNMENT OF THE POLICY DEATH BENEFITS AND CASH VALUES OF THE LIFE INSURANCE POLICY, PLUS INCOME ANNUITIES USED TO FUND THE POLICY. THE POLICY IS OWNED BY THE PRESIDENT AND THE PRESIDENT HAS THE RIGHT TO NAME THE BENEFICIARIES FOR AMOUNTS NOT SECURED BY THE ASSIGNMENTS. FORM 990, PART VI, SECTION A, LINE 4 ON FEBRUARY 21, 2024, THE ORGANIZATION AMENDED ITS ARTICLES OF INCORPORATION WITH THE STATE OF CALIFORNIA (AND ITS BYLAWS) TO CHANGE ITS NAME FROM "SMCU COMMUNITY FUND" TO "MONTERRA COMMUNITY FUND". PLEASE SEE ATTACHED THE AMENDED ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER IN CONJUNCTION WITH THE ORGANIZATION'S ACCOUNTING AND FINANCE TEAM. A DRAFT FORM 990 IS THEN REVIEWED BY THE CFO & TREASURER; ADJUSTMENTS ARE MADE, AS NECESSARY. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT, AND HAVE AN ONGOING TO DISCLOSE ANY TRANSACTIONS WHICH MAY PRESENT A CONFLICT TO MONTERRA COMMUNITY FUND. DISCLOSURE OF A POTENTIAL CONFLICT SHOULD BE MADE TO THE PRESIDENT, WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS SHALL DETERMINE WHEN A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO MONTERRA COMMUNITY FUND. THE DECISION OF THE BOARD OF DIRECTORS ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION. THE INDIVIDUAL WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. MONTERRA CREDIT UNION 350 CONVENTION WAY REDWOOD CITY CA 94063 941231186 CREDIT UNION CA 501(C)(14) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1