Nonprofit · EIN 61-1737326
MONTEREY BAY EDUCATIONAL CENTER
Tax-exempt (reinstated) · MONTEREY, CA 93940
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $221,303 | $211,108 | $10,195 | $11,209 | $0 | $11,209 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $125,463
- Program service revenue
- $56,302
- Investment income
- $0
- Net income from fundraising events
- $38,835
- Other revenue
- $39,538
Expenses
- Grants and similar amounts paid
- $28,740
- Compensation of officers, directors and key employees
- $23,853
- Other salaries and wages
- $51,246
- Salaries, compensation and benefits (total)
- $80,877
- Professional fundraising fees
- $0
- Accounting fees
- $3,465
- Occupancy
- $49,585
- Travel
- $9,831
- Depreciation
- $144
- Program services (functional)
- $109,689
- Management and general (functional)
- $43,421
- Fundraising (functional)
- $57,998
Balance sheet and other
- Total assets, start of year
- $4,377
- Total assets, end of year
- $11,209
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,209
- Land, buildings and equipment
- $3,142
- Net assets without donor restrictions
- $11,209
- Gross receipts
- $330,730
- Employees
- 5
- Volunteers
- 4
- Year formed
- 2014
- 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 |
|---|---|---|---|
| TINA SILVESTRI | PRESIDENT Trustee or director, Officer | 40 | $23,853 |
| BRET SILVESTRI | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN BARRYMORE | CFO Trustee or director, Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 2150 GARDEN RD STE B1, MONTEREY, CA 93940-5327
- Principal officer (990 for 2024)
- TINA SILVESTRI, 1208 SYLVAN ROAD, MONTEREY, CA 939404941
- Signed the 990
- TINA SILVESTRI, PRESIDENT
- Phone
- (831) 901-4247
- Website
- WWW.MBAYEDU.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 61-1737326 or by the name MONTEREY BAY EDUCATIONAL CENTER.
- 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
PROVIDE EDUCATION, SUPPORT, AND MENTORING TO STUDENTS TO ENABLE THEM TO ACHIEVE PERSONAL GOALS, DEVELOP STRONG SKILL SETS, AND BUILD SOLID ACADEMIC FOUNDATIONS THAT WILL BE OF BENEFIT TO THEM THROUGHOUT THEIR LIVES.
Program accomplishments
- OPERATED AN INDEPENDENT STUDY PROGRAM FOR STUDENTS IN GRADES 6 THROUGH 12, MATCHING EACH STUDENT'S LEARNING STYLE WITH THE OPTIMAL ACCREDITED PROGRAM TO BEST ENSURE ACADEMIC ACCOMPLISHMENT. STUDENTS WORKED INDEPENDENTLY OR IN GROUPS, WITH SUPERVISION AND GUIDANCE PROVIDED BY QUALIFIED INDEPENDENT INSTRUCTORS. IN 2024, THE PROGRAM PROVIDED EDUCATIONAL TESTING TO 4 STUDENTS AND TUTORING SERVICES TO 4 STUDENTS.Expenses $109,689 · grants $28,740 · revenue $56,302
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 | Check at the IRS |
IRS record
- EIN
- 61-1737326
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $11,209
- Income (IRS master file)
- $330,730
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- August 14, 2023
- Reinstated
- Effective May 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $221,303 | $211,108 | $11,209 | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 61-1737326).
Questions about MONTEREY BAY EDUCATIONAL CENTER
- What is the EIN of MONTEREY BAY EDUCATIONAL CENTER?
- The employer identification number (EIN) of MONTEREY BAY EDUCATIONAL CENTER is 61-1737326.
- Is MONTEREY BAY EDUCATIONAL CENTER tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
- Are donations to MONTEREY BAY EDUCATIONAL CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTEREY BAY EDUCATIONAL CENTER 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 BAY EDUCATIONAL CENTER 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 BAY EDUCATIONAL CENTER 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 BAY EDUCATIONAL CENTER?
- The 990 for the year ended December 31, 2024 names TINA SILVESTRI.
- Who are the officers and directors of MONTEREY BAY EDUCATIONAL CENTER?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $23,853 (TINA SILVESTRI, PRESIDENT).
- How much revenue does MONTEREY BAY EDUCATIONAL CENTER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $221,303, expenses of $211,108 and total assets of $11,209 at year end.
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