Nonprofit · EIN 85-0663372
MONTERRA COMMUNITY FUND
Tax-exempt · REDWOOD CITY, CA 94063
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,510 | $75,551 | -$65,041 | $411,488 | $0 | $411,488 |
| December 31, 2023 | 990 | $640,273 | $831,694 | -$191,421 | $506,529 | $30,000 | $476,529 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,228
- Program service revenue
- $0
- Investment income
- $282
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $61,968
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,078
- Accounting fees
- $11,865
- Program services (functional)
- $61,968
- Management and general (functional)
- $13,583
Balance sheet and other
- Total assets, start of year
- $506,529
- Total assets, end of year
- $411,488
- Total liabilities, end of year
- $0
- Net assets, end of year
- $411,488
- Net assets without donor restrictions
- $411,488
- Gross receipts
- $10,510
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2020
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WADE PAINTER | PRESIDENT Trustee or director, Officer | 1 | $0 | $835,111 | $37,472 |
| VALERIE ALSIP | DIRECTOR Trustee or director | 1 | $0 | $420,688 | $28,079 |
| DAVID DIAMOND | CFO & TREASURER Trustee or director, Officer | 1 | $0 | $366,095 | $37,648 |
| SUZANNE KNOWLTON | SECRETARY Trustee or director, Officer | 1 | $0 | $209,010 | $36,037 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WADE PAINTER | PRESIDENT Trustee or director, Officer | 1 | $0 | $759,104 | $24,366 |
| VALERIE ALSIP | DIRECTOR Trustee or director | 1 | $0 | $429,210 | $16,552 |
| DAVID DIAMOND | CFO & TREASURER Trustee or director, Officer | 1 | $0 | $328,737 | $16,167 |
| SUZANNE KNOWLTON | SECRETARY Trustee or director, Officer | 1 | $0 | $259,121 | $21,187 |
Address and contacts
- Address (IRS master file)
- 350 CONVENTION WAY, REDWOOD CITY, CA 94063-1435
- Principal officer (990 for 2024)
- WADE PAINTER, 350 CONVENTION WAY, REDWOOD CITY, CA 94063
- Signed the 990
- DAVID DIAMOND, CFO & TREASURER
- Phone
- (650) 363-1725
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 85-0663372 or by the name MONTERRA COMMUNITY FUND.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
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.
Program accomplishments
- DURING 2024, THE ORGANIZATION PROVIDED GRANTS TO NON-PROFIT ORGANIZATIONS LOCATED IN SAN MATEO COUNTY.Expenses $36,968 · grants $36,968
- DURING 2024, THE ORGANIZATION PROVIDED SCHOLARSHIPS TO STUDENTS WITHIN SAN MATEO COUNTY.Expenses $25,000 · grants $25,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 on file |
IRS record
- EIN
- 85-0663372
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $411,488
- Income (IRS master file)
- $10,510
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,510 | $75,551 | $411,488 | XML |
| 990 | December 2023 | $640,273 | $831,694 | $506,529 | XML |
| 990 | December 2022 | $12,185,125 | $12,090,546 | $1,552,950 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 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 85-0663372).
Questions about MONTERRA COMMUNITY FUND
- What is the EIN of MONTERRA COMMUNITY FUND?
- The employer identification number (EIN) of MONTERRA COMMUNITY FUND is 85-0663372.
- Is MONTERRA COMMUNITY FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to MONTERRA COMMUNITY FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTERRA COMMUNITY FUND file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MONTERRA COMMUNITY FUND 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 MONTERRA COMMUNITY FUND 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 MONTERRA COMMUNITY FUND?
- The 990 for the year ended December 31, 2024 names WADE PAINTER.
- Who are the officers and directors of MONTERRA COMMUNITY FUND?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does MONTERRA COMMUNITY FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,510, expenses of $75,551 and total assets of $411,488 at year end.
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All nonprofits in REDWOOD CITY · California · Community improvement and capacity building