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OLD MONTEREY BUSINESS ASSOCIATION

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Public IRS 990 nonprofit record

OLD MONTEREY BUSINESS ASSOCIATION

EIN 77-0097315 · Chambers of Commerce & Business Leagues (S41)

What they do

THE ASSOCIATION PROMOTES THE CENTRAL COMMERCIAL CORE of MONTEREY to MAKE VISITORS and RESIDENTS AWARE of THE RICH HISTORY of THE CITY. MONTEREY WAS THE FIRST CAPITOL of CALIFORNIA and ITS OLDEST BUILDINGS DISPLAY THE ARCHITECTURE of EARLY CALIFORNIA, BEFORE IT BECAME A STATE, and ARE FULLY INCORPORATED INTO THE DOWNTOWN AREA.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $53.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

52.09%of revenue went to mission work53.6% of expenses · Program services
$97.23spent for every $100 of revenueRevenue covered expenses this year.
45.14%of revenue went to management and office costs46.4% of expenses
$0.96in assets for every $1 spent this yearSome assets cannot be spent right away.
35.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $82,292 for PETER COFRESI (EXECUTIVE DI). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$362,155
Mission workProgram services$188,63152.09% of revenue53.6% of expenses
ManagementOffice and general costs$163,49045.14% of revenue46.4% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$10,0342.77% of revenueShown in gray on the chart
Total expenses$352,12197.23% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 53.6% mission · 46.4% management · 0.0% fundraisingTotal expenses: 97.23% of revenue
2023Expense mix: 53.9% mission · 46.1% management · 0.0% fundraisingTotal expenses: 86.34% of revenue
2022Expense mix: 55.8% mission · 44.2% management · 0.0% fundraisingTotal expenses: 83.20% of revenue
2021Expense mix: 50.0% mission · 50.0% management · 0.0% fundraisingTotal expenses: 76.20% of revenue
2020Expense mix: 47.2% mission · 52.8% management · 0.0% fundraisingTotal expenses: 78.44% of revenue
2019Expense mix: 61.2% mission · 38.8% management · 0.0% fundraisingTotal expenses: 99.06% of revenue
2018Expense mix: 45.9% mission · 54.1% management · 0.0% fundraisingTotal expenses: 89.73% of revenue
2017Expense mix: 47.9% mission · 52.1% management · 0.0% fundraisingTotal expenses: 101.89% of revenue

Money in and money out

Revenue$362,155
Expenses$352,121
Annual surplus $10,034 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$188,631 · 53.6% of expenses
Management and office costs$163,490 · 46.4% of expenses
See all reported dollar amounts
Revenue$362,155
Expenses$352,121
Assets$337,497
Income$362,155
Contributions$129,813
Mission work (program services)$188,631
Management and general$163,490
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
PETER COFRESIEXECUTIVE DI · 40 hrs/week $82,292

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (16)

PETER COFRESIEXECUTIVE DI

BARBARA BURKESECRETARY

BRITTANI REID-BRISTOLTRUSTEE

CAROLYN B HARRISTRUSTEE

ED SMITHTRUSTEE

FRANCO VASQUEZTRUSTEE

JERRY ANDERSONTRUSTEE

JOHN CULCASITRUSTEE

LAUREN COHENVICE PRESIDE

LISANNE SAWHNEYTRUSTEE

MELISSA THEONYTRUSTEE

MICHELE PEARCEPRESIDENT

RYAN LAMATRUSTEE

RYAN MCCORMICKTRUSTEE

SAHIN GUNSELTRUSTEE

ZANE MORTENSENTRUSTEE

About this charity

Recognized since
January 1988
Location
98 DEL MONTE AVE SUITE 201, MONTEREY, CA 93940
County
Monterey
In care of
PETER COFRESI
Primary officer
PETER COFRESI, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
CAL ACCOUNTING PC
NTEE classification
Chambers of Commerce & Business Leagues (S41)
IRS tax category
Chambers of Commerce & Business Leagues

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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