2024-11-13T11:48:11+00:00 2023-12-31 346565596 ERNST & YOUNG US LLP 2323 VICTORY AVENUE DALLAS TX 75219 990 2023-01-01 510189888 Pebble Beach Company Foundation PEBB 8316497651 PO BOX 1767 PEBBLE BEACH CA 93953 SUSAN C MERFELD PRESIDENT 8316497651 2024-11-13 true true Patrick Shields P01508556 2149698000 2024-11-13 2023 2024-10-15 13:58:12Z SUSAN C MERFELD PO BOX 1767 PEBBLE BEACH CA 93953 8460538 false X PEBBLEBEACH.COM/PBC-FOUNDATION X 1975 CA To provide quality educational opportunities for Monterey County youth. We are committed to funding quality educational programs & awarding scholarships & financial aid to benefit Monterey County students. 11 6 0 11 0 0 3097541 4969851 0 0 448764 760605 0 0 3546305 5730456 1395667 3135242 0 0 0 0 0 0 0 123999 153934 1519666 3289176 2026639 2441280 21356796 27960546 0 1256051 21356796 26704495 Our mission is to provide quality educational opportunities for Monterey County youth. We are committed to funding quality educational programs and awarding scholarships and financial aid to benefit Monterey County students from pre-kindergarten to postgraduate levels. These awards create a brighter future for our youth and our community. false false 2992742 2992742 0 GRANTS TO CHARITABLE ORGANIZATIONS. 142500 142500 0 PROVIDE SCHOLARSHIPS TO QUALIFIED CHILDREN OF PEBBLE BEACH COMPANY EMPLOYEES. 3135242 true true false false false false false false false false false false false false true true false false false false false false false true false false true true false false false false false false false false false true false false false false true false false false true 0 0 0 false false false false false true true false false false false false false X 11 6 true false false false false false false true true false false true true true true true true false false false CA X X JUDAH P MATHEWS 8316226431 2700 17 MILE DR PEBBLE BEACH CA 93953 X JEAN STIVERS SECRETARY/DIRECTOR 10.0 0.0 X X 0 0 0 JUDAH MATTHEWS TREASURER/DIRECTOR 10.0 50.0 X X 0 0 0 MERCEDES DE LUCA VICE PRESIDENT/DIRECTOR 10.0 50.0 X X 0 0 0 SUSAN MERFELD PRESIDENT/DIRECTOR 30.0 20.0 X X 0 0 0 CHRISTINE PEROCCHI DIRECTOR 5.0 0.0 X 0 0 0 CINDY ZOLLER DIRECTOR 10.0 0.0 X 0 0 0 DAN GREEN DIRECTOR 5.0 0.0 X 0 0 0 HUBERT ALLEN DIRECTOR 10.0 40.0 X 0 0 0 JOHN SAWIN DIRECTOR 10.0 50.0 X 0 0 0 ROBERT SKINNER DIRECTOR 5.0 0.0 X 0 0 0 TEDDY BALESTRERI DIRECTOR 5.0 0.0 X 0 0 0 0 0 0 0 false false false 0 2076273 34428 2859150 795325 4969851 0 0 0 0 0 868070 868070 0 0 918870 1026335 -107465 0 -107465 -107465 1703747 2076273 1703747 0 0 0 0 0 5730456 0 0 760605 2992742 2992742 142500 142500 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 0 0 0 0 0 0 630 0 630 0 33467 0 33467 0 0 0 0 0 0 6000 0 6000 0 0 0 0 0 0 0 0 0 1765 0 1765 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 44077 0 44077 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CREDIT CARD FEES 58553 0 58553 0 SCHOLARSHIP MANAGEMENT 5400 0 5400 0 ANNUAL REPORT 4042 0 4042 0 0 0 0 0 3289176 3135242 153934 0 0 0 0 0 0 0 1581600 3639960 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 19775196 23570586 0 0 0 0 0 750000 21356796 27960546 0 422172 0 0 0 833879 0 0 0 0 0 0 0 0 0 0 0 0 0 1256051 X 21356796 26704495 0 0 0 0 0 0 0 0 21356796 26704495 21356796 27960546 2441280 2906419 0 X false true X true false X 2241422 2916346 2325278 3097541 4969851 15550438 0 0 2241422 2916346 2325278 3097541 4969851 15550438 173950 15376488 403732 414615 470665 491563 868070 2648645 49553 47769 0 0 0 97322 0 0 0 0 0 0 18296405 0 0.8404 0.8071 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 8636875 2906419 0 2906419 5730456 0 0 5730456 3289176 0 0 3289176 0 0 3289176 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION FOLLOWS THE REQUIREMENTS OF FINANCIAL ACCOUNTING STANDARDS BOARD'S ("FASB") ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED. ASC 740-10 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC 740-10 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. All-In at The Hay 1025000 495000 530000 0 0 530000 0 0 0 Friends of Pebble Beach 1905000 1175000 730000 0 0 730000 0 0 0 3 850020 406273 443747 0 0 416809 21564 1494 3880 3780020 2076273 1703747 0 0 1676809 21564 1494 3880 1703747 0 true AIM Youth Mental Health 473992060 501(c)(3) 10000 General Support Boys & Girls Clubs of Monterey County 941702753 501(c)(3) 208000 General Support Brighter Bites 474070026 501(c)(3) 7500 General Support Carmel High School Foundation 562463215 501(c)(3) 7500 General Support Carmel Ideas Foundation 010903800 501(c)(3) 8000 General Support CASA of Monterey County 770398079 501(c)(3) 10000 General Support Central Coast YMCA 770202335 501(c)(3) 15000 General Support Chartwell School 770119013 501(c)(3) 15000 General Support CHISPA 942631608 501(c)(3) 6000 General Support Community Partnership for Youth 770310237 501(c)(3) 12500 General Support El Sistema YOSAL 272306206 501(c)(3) 20000 General Support Foundation for Monterey County Free Libraries 770256346 501(c)(3) 10000 General Support Future Citizens Foundation 260015069 501(c)(3) 60323 General Support Gen Giammanco Foundation 272322679 501(c)(3) 10000 General Support Gil Basketball Academy 271492121 501(c)(3) 7500 General Support Girl Scouts of California's Central Coast 941567162 501(c)(3) 7500 General Support Girls Inc of the Central Coast 205040398 501(c)(3) 7500 General Support Harmony At Home 760769331 501(c)(3) 25000 General Support Hartnell College Foundation 942781664 501(c)(3) 15000 General Support Jacob's Heart Children's Cancer Support Services 680413822 501(c)(3) 12500 General Support Loaves Fishes & Computers 270187805 501(c)(3) 7000 General Support LPGA Foundation 593085528 501(c)(3) 1500000 General Support McPherson College 480543736 501(c)(3) 30000 General Support Montage Health Foundation 812889645 501(c)(3) 125000 General Support Monte Vista School 770320712 501(c)(3) 7919 General Support Monterey Academy of Oceanographic Science 770473358 501(c)(3) 10000 General Support Monterey Bay Aquarium 942487469 501(c)(3) 10000 General Support Monterey Peninsula College Foundation 770391075 501(c)(3) 7500 General Support Monterey Public Library Friends & Foundation 911976593 501(c)(3) 7500 General Support MY Museum 770394488 501(c)(3) 20000 General Support Natividad Medical Foundation 770194989 501(c)(3) 102000 General Support NCGA Foundation 943108575 501(c)(3) 10000 General Support Notre Dame High School Foundation 770081243 501(c)(3) 10000 General Support Palma School 941322168 501(c)(3) 10000 General Support Pebble Beach Junior Golf Association 770194909 501(c)(3) 15000 General Support Point Lobos Foundation 942546064 501(c)(3) 7500 General Support Raising A Reader 943390149 501(c)(3) 7500 General Support Rancho Cielo Youth Campus 770555859 501(c)(3) 117500 General Support Read To Me Project 471224251 501(c)(3) 10000 General Support Sacred Heart School 371858393 501(c)(3) 10000 General Support Salinas Valley Memorial Health Foundation 942641137 501(c)(3) 32000 General Support San Carlos School 941658139 501(c)(3) 10000 General Support Seneca Family of Agencies 942971761 501(c)(3) 106000 General Support Special Kids Connect 208580107 501(c)(3) 12500 General Support Stevenson School 941218745 501(c)(3) 15000 General Support The Wahine Project 451154140 501(c)(3) 8000 General Support Trinity Christian High School 260659245 501(c)(3) 10000 General Support United Way Monterey County 941322169 501(c)(3) 65000 General Support University Corp at Monterey Bay 770387459 501(c)(3) 7500 General Support Ventana Wilderness Alliance 770532467 501(c)(3) 6000 General Support York School 941461062 501(c)(3) 15000 General Support Youth Arts Collective 770526059 501(c)(3) 7500 General Support YWCA Monterey County 941732598 501(c)(3) 8500 General Support 53 0 Scholarship of America 32 142500 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE PEBBLE BEACH COMPANY FOUNDATION REVIEWS AND APPROVES ALL GRANT REQUESTS AT ITS ANNUAL MAY BOARD OF DIRECTORS MEETING. NO GRANTS ARE ISSUED WITHOUT HAVING BEEN REVIEWED AND APPROVED BY THE ENTIRE BOARD OF DIRECTORS. NEW GRANT PROPOSALS ARE FIRST VISITED BY AT LEAST ONE BOARD MEMBER WHO PROVIDES A WRITTEN AND ORAL REPORT TO THE BOARD. EACH NEW PROPOSAL IS ALSO REVIEWED BY THE FOUNDATION'S LEGAL COUNSEL. GRANTS ARE MADE TO SECTION 501(C)(3) ORGANIZATIONS WITH A PRIMARY FOCUS ON YOUTH EDUCATION ACTIVITIES WITHIN MONTEREY COUNTY. THE FOUNDATION RELIES ON THE BOARD OF DIRECTORS OF EACH RECIPIENT ORGANIZATION TO ENSURE THE FUNDS ARE USED FOR PROPER PURPOSES. THE FOUNDATION ALSO AWARDS SCHOLARSHIPS TO CHILDREN OF PEBBLE BEACH COMPANY EMPLOYEES WHO MEET STRICT ELIGIBILITY REQUIREMENTS. INTERESTED STUDENTS APPLY DIRECTLY TO SCHOLARSHIP AMERICA, A NON-AFFILIATED ORGANIZATION USED BY THE FOUNDATION TO DETERMINE THOSE APPLICANTS WHO MEET THE CRITERIA SET BY THE FOUNDATION. THOSE APPLICANTS WHO ARE SELECTED BY SCHOLARSHIP AMERICA ARE THEN AWARDED A $5,000 SCHOLARSHIP TO MEET THEIR EDUCATIONAL NEEDS. X 1 750000 Market value X 3 45325 Cost 0 true true false Schedule M, Part I, Line 30b Property contributions that must be held for three years Vehicle donated and being held for future. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. Cars and other vehicles - COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S PRESIDENT, CHIEF FINANCIAL OFFICER, AND LEGAL COUNSEL PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy ANNUALLY, EACH MEMBER OF THE BOARD OF DIRECTORS IS REQUIRED TO COMPLETE THE FOUNDATION'S CONFLICT OF INTEREST STATEMENT, WHICH IS REVIEWED BY THE ATTORNEY FOR THE FOUNDATION, AND FILED WITH THE FOUNDATION'S SECRETARY. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VI, LINE 2 BUSINESS RELATIONSHIPS THE FOLLOWING INDIVIDUALS HAVE A BUSINESS RELATIONSHIP IN WHICH THEY OR A FAMILY MEMBER HAVE A COMMON EMPLOYER, THE PEBBLE BEACH COMPANY: SUSAN C. MERFELD MERCEDES DE LUCA HUBERT ALLEN JUDAH MATTHEWS CHRISTINE PEROCCHI JOHN SAWIN JEAN STIVERS PEBBLE BEACH CO PO BOX 567 PEBBLE BEACH CA 93953 770303209 LUXURY GOLF RESORT CA na N/A false false true false false false false false false false true false true false false false false false false