Nonprofit · EIN 26-3612851
MONTEREY FOUNDATION
Tax-exempt · LUBBOCK, TX 79424
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $134,118 | $107,772 | $26,346 | $618,709 | $109,755 | $508,954 |
| December 31, 2023 | 990-EZ | $149,211 | $98,457 | $50,754 | $475,365 | – | $475,365 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $104,181
- Program service revenue
- $8,507
- Investment income
- $21,430
- Net gain from sales of assets
- $13,846
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $74,014
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $107,772
Balance sheet and other
- Total assets, start of year
- $475,365
- Total assets, end of year
- $618,709
- Total liabilities, end of year
- $109,755
- Net assets, end of year
- $508,954
- Land, buildings and equipment
- $350,804
- Publicly traded securities
- $192,558
- Gross receipts
- $208,148
- Employees
- 0
- Year formed
- 2008
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARRY STEPHENS | Treasurer Trustee or director | 0 | $0 |
| EDWIN DAVIS | Secretary Trustee or director | 0 | $0 |
| MIKE MARTIN | President Trustee or director | 0 | $0 |
| LAURA OPTON | Director Trustee or director | 0 | $0 |
| DEBRA ROGERS | Director Trustee or director | 0 | $0 |
| PATTY FAIRCHILD | Director Trustee or director | 0 | $0 |
| RYAN HANNSZ | Director Trustee or director | 0 | $0 |
| ASHLEY NICHOLS | Director Trustee or director | 0 | $0 |
| IVAN PONCE DE LEON | Director Trustee or director | 0 | $0 |
| CLIFTON SMITH | Director Trustee or director | 0 | $0 |
| JAMIE WHEELER | Director Trustee or director | 0 | $0 |
990-EZ for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHLEY DAVIS | Director | 0 | $0 |
| BARRY STEPHENS | Treasurer | 0 | $0 |
| EDWIN DAVIS | Secretary | 0 | $0 |
| MIKE MARTIN | President | 0 | $0 |
| DEBRA ROGERS | Director | 0 | $0 |
| ALBERT GILLESPIE | Director | 0 | $0 |
| DENNIS WISDOM | Director | 0 | $0 |
| PATTY FAIRCHILD | Director | 0 | $0 |
| CAROLYN STEPHENSON | Director | 0 | $0 |
| RYAN HANNSZ | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 6111 82ND ST, LUBBOCK, TX 79424-3693
- In care of
- % JAMES UNDERWOOD
- Mailing address (990-N for 2016)
- 6111 82nd Street, Lubbock TX 79424
- Principal officer (990 for 2024)
- MIKE MARTIN, 6111 82ND STREET, LUBBOCK, TX 79424
- Principal officer (990-N for 2016)
- James Underwood, 6111 82nd Street, Lubbock TX 79424
- Signed the 990
- MIKE MARTIN, Director
- Phone
- (806) 790-5890
- Website
- MONTEREYFOUNDATION.ORG
- Return prepared by
- Mason Warner & Company PC
Mission
Since inception, the Monterey Foundation has sought to make a difference in our world by demonstrating God's love. The Monterey Foundation continues to seek new opportunities to serve and individuals to engage in providing a window into God's heart for people
Program accomplishments
- GRANTS TO 501(c)3 ORGANIZATIONS TO FACILITATE THE ORGANIZATIONS MISSIONExpenses $107,772 · grants $74,015
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 26-3612851
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $618,709
- Income (IRS master file)
- $208,148
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $134,118 | $107,772 | $618,709 | IRS |
| 990-EZ | December 2023 | $149,211 | $98,457 | $475,365 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2016 Officer: James Underwood | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-3612851).
Questions about MONTEREY FOUNDATION
- What is the EIN of MONTEREY FOUNDATION?
- The employer identification number (EIN) of MONTEREY FOUNDATION is 26-3612851.
- Is MONTEREY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to MONTEREY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTEREY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MONTEREY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONTEREY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MONTEREY FOUNDATION?
- The 990 for the year ended December 31, 2024 names MIKE MARTIN.
- Who are the officers and directors of MONTEREY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does MONTEREY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $134,118, expenses of $107,772 and total assets of $618,709 at year end.
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