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Nonprofit · EIN 77-0417425

MONTEREY COUNTY BUSINESS COUNCIL

Tax-exempt · SALINAS, CA 93901

Financials

$2M$1.2M2023$2M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of MONTEREY COUNTY BUSINESS COUNCIL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,987,247$1,514,410$472,837$1,546,636$22,422$1,524,214
December 31, 2023990$1,967,312$1,206,674$760,638$1,070,322$18,945$1,051,377
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,919,943
of which government grants
$1,601,191
Membership dues
$206,285
Program service revenue
$0
Investment income
$67,304
Other revenue
$0

Expenses

Grants and similar amounts paid
$163,020
Compensation of officers, directors and key employees
$135,621
Other salaries and wages
$605,277
Salaries, compensation and benefits (total)
$838,094
Professional fundraising fees
$0
Legal fees
$2,450
Accounting fees
$50,721
Occupancy
$11,249
Travel
$95,022
Program services (functional)
$1,361,580
Management and general (functional)
$152,830

Balance sheet and other

Total assets, start of year
$1,070,322
Total assets, end of year
$1,546,636
Total liabilities, end of year
$22,422
Net assets, end of year
$1,524,214
Gross receipts
$1,987,247
Employees
10
Year formed
1995
State of legal domicile
CA

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.

NameTitleHours / weekCompensation
Paul FarmerExecutive Dir.
Trustee or director
40$135,621
Luis AlvarezSecretary/Tres
Trustee or director, Officer
2$0
Chris SteinbrunerDirector
Trustee or director
2$0
Peter ScudderDirector
Trustee or director
2$0
Amy IveyChairman
Trustee or director, Officer
2$0
Megan HunterVice Chair
Trustee or director, Officer
2$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
Kimbley CraigExecutive Dir.
Trustee or director
40$155,000
Luis AlvarezDirector
Trustee or director
2$0
Chris SteinbrunerChairman
Trustee or director, Officer
2$0
Peter ScudderDirector
Trustee or director
2$0
Joe FosterVice President
Trustee or director, Officer
2$0
Amy IveySecretary/Treas
Trustee or director, Officer
2$0
Megan HunterDirector
Trustee or director
2$0

Address and contacts

Address (IRS master file)
123 CAPITOL ST STE B, SALINAS, CA 93901-2000
Principal officer (990 for 2024)
Amy Ivey, 123 Capitol St B, Salinas, CA 939012000
Signed the 990
Amy Ivey, Chairman
Phone
(831) 216-3000
Return prepared by
Steinbruner Hill CPAs

California records

California keeps its own records of charities and corporations. Search them by EIN 77-0417425 or by the name MONTEREY COUNTY BUSINESS COUNCIL.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

TO PROVIDE COLLABORATIVE LEADERSHIP TO HELP PEOPLE FROM BUSINESS, GOVERNMENT, EDUCATION AND THE COMMUNITY WORK TOGETHER ON COUNTYWIDE ISSUES.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE COLLABORATIVE LEADERSHIP TO HELP PEOPLE FROM BUSINESS, GOVERNMENT, EDUCATION AND THE COMMUNITY WORK TOGETHER ON COUNTYWIDE ISSUES. At MCBC, we believe that by working together, we can create a thriving business environment that benefits everyone in the community. The Building Business Back website serves as an information hub to help business owners find grants, loans, workshops and other resources. We are collaborating with numerous other local business support organizations and offer services in English and Spanish. The BBB program serves all businesses in Monterey County, with an emphasis on those operating in unincorporated areas as well as those owned by minorities, women and/or LGBTQ+.Building Business Back is a program of the County of Monterey, operated in partnership with the Monterey County Business Council. Building Business Back will operate from 2022 through 2024, with funding from the US Governments American Rescue Plan Act of 2021.
    Expenses $1,380,291 · revenue $1,713,657

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
77-0417425
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,546,636
Income (IRS master file)
$1,987,247

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,987,247$1,514,410$1,546,636XML
990December 2023$1,967,312$1,206,674$1,070,322XML
990December 2022$1,305,887$1,091,764$292,655IRS
990December 2021–––IRS
990December 2020–––IRS

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 77-0417425).

Questions about MONTEREY COUNTY BUSINESS COUNCIL

What is the EIN of MONTEREY COUNTY BUSINESS COUNCIL?
The employer identification number (EIN) of MONTEREY COUNTY BUSINESS COUNCIL is 77-0417425.
Is MONTEREY COUNTY BUSINESS COUNCIL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
Are donations to MONTEREY COUNTY BUSINESS COUNCIL tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MONTEREY COUNTY BUSINESS COUNCIL 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 COUNTY BUSINESS COUNCIL 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 COUNTY BUSINESS COUNCIL 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 COUNTY BUSINESS COUNCIL?
The 990 for the year ended December 31, 2024 names Amy Ivey.
Who are the officers and directors of MONTEREY COUNTY BUSINESS COUNCIL?
The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $135,621 (Paul Farmer, Executive Dir.).
How much revenue does MONTEREY COUNTY BUSINESS COUNCIL have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,987,247, expenses of $1,514,410 and total assets of $1,546,636 at year end.

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