2025-11-07T14:27:59-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2024-01-01 850663372 MONTERRA COMMUNITY FUND MONT 6503631725 350 CONVENTION WAY REDWOOD CITY CA 94063 DAVID DIAMOND CFO & TREASURER 6503631725 2025-11-06 1 1 MICHAEL LUMSDEN P01262236 4159561500 2025-11-06 2024 2025-03-06 01:10:19Z WADE PAINTER 350 CONVENTION WAY REDWOOD CITY CA 94063 10510 0 X WWW.MONTERRACOMMUNITYFUND.ORG X 2020 CA 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. 4 0 0 4 0 0 639201 10228 0 0 1072 282 0 0 640273 10510 793183 61968 0 0 0 0 0 0 0 38511 13583 831694 75551 -191421 -65041 506529 411488 30000 0 476529 411488 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. 0 0 36968 36968 0 DURING 2024, THE ORGANIZATION PROVIDED GRANTS TO NON-PROFIT ORGANIZATIONS LOCATED IN SAN MATEO COUNTY. 25000 25000 0 DURING 2024, THE ORGANIZATION PROVIDED SCHOLARSHIPS TO STUDENTS WITHIN SAN MATEO COUNTY. 61968 1 1 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 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X DAVID DIAMOND 6503631725 350 CONVENTION WAY REDWOOD CITY CA 94063 WADE PAINTER PRESIDENT 1.00 40.00 X X 0 835111 37472 VALERIE ALSIP DIRECTOR 1.00 40.00 X 0 420688 28079 DAVID DIAMOND CFO & TREASURER 1.00 40.00 X X 0 366095 37648 SUZANNE KNOWLTON SECRETARY 1.00 40.00 X X 0 209010 36037 0 1830904 139236 0 0 1 0 0 10228 10228 282 282 10510 0 0 282 36968 36968 25000 25000 1078 1078 11865 11865 FILING FEES 100 100 540 540 75551 61968 13583 0 506529 411488 506529 411488 5000 0 25000 0 30000 0 X 476529 411488 476529 411488 506529 411488 -65041 0 X 0 0 0 X 12096644 6962259 12183809 639201 10228 31892141 12096644 6962259 12183809 639201 10228 31892141 31892141 187 1878 1316 1072 282 4735 31896876 X SCHEDULE A, PART II: THE ORGANIZATION'S 2020 TAX YEAR WAS A SHORT TAX YEAR, AS IT WAS THE INITIAL YEAR OF FORMATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 THRIVE ALLIANCE 330 TWIN DOLPHIN DRIVE SUITE 155 REDWOOD CITY CA 94065 204745089 501(C)(3) 17000 0 TO PROVIDE ASSISTANCE TO NONPROFITS LOCATED IN SAN MATEO COUNTY 1 0 TO PROVIDE COLLEGE SCHOLARSHIPS TO STUDENTS 5 25000 PART I, LINE 2: MONTERRA COMMUNITY FUND ADMINISTERS FINANCIAL ASSISTANCE GRANT PROGRAMS IN COLLABORATION WITH SAN MATEO COUNTY IN ADDITION TO OTHER CONTRIBUTIONS TO NON-PROFIT ORGANIZATIONS AND INDIVIDUALS WITHIN SAN MATEO COUNTY. APPLICATIONS ARE SUBMITTED ONLINE, WITH THE COUNTY THEN DETERMINING ELIGIBILITY REQUIREMENTS (FOR MOST GRANTS). GRANTS ARE DISBURSED VIA CHECK TO APPROVED RECIPIENTS. MONTERRA COMMUNITY FUND REVIEWS ALL ELIGIBLE APPLICATIONS PROVIDED BY SAN MATEO COUNTY WITH RECOMMENDED GRANT AMOUNTS FOR ASSESSMENT. ONCE EXPENDED, THE GRANT FUNDS ARE UNRESTRICTED AND ARE NOT MONITORED. 0 1 0 0 0 0 0 0 0 WADE PAINTER PRESIDENT 0 681119 0 143191 0 10801 0 20700 0 16772 0 872583 0 0 VALERIE ALSIP DIRECTOR 0 384287 0 36401 0 0 0 16560 0 11519 0 448767 0 0 DAVID DIAMOND CFO & TREASURER 0 337284 0 28811 0 0 0 11570 0 26078 0 403743 0 0 SUZANNE KNOWLTON SECRETARY 0 190638 0 18372 0 0 0 13578 0 22459 0 245047 0 0 PART I, LINE 3 THE ORGANIZATION'S PRESIDENT IS COMPENSATED BY MONTERRA CREDIT UNION, A RELATED ORGANIZATION. MONTERRA CREDIT UNION UTILIZES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF THE PRESIDENT: COMPENSATION COMMITTEE; INDEPENDENT COMPENSATION CONSULTANT; COMPENSATION SURVEY OR STUDY; AND APPROVAL BY MONTERRA CREDIT UNION'S BOARD OF DIRECTORS. PART I, LINE 4B MONTERRA CREDIT UNION (A RELATED ORGANIZATION OF MONTERRA COMMUNITY FUND, BY DEFINITION OF THE FORM 990 INSTRUCTIONS) HAS MADE A LOAN FOR LIFE INSURANCE PREMIUM PAYMENTS TO THE PRESIDENT OF MONTERRA COMMUNITY FUND RELATING TO HIS SERVICES AS PRESIDENT/CEO OF MONTERRA CREDIT UNION. THE LOAN IS COLLATERALIZED BY THE ASSIGNMENT OF THE POLICY DEATH BENEFITS AND CASH VALUES OF THE LIFE INSURANCE POLICY, PLUS INCOME ANNUITIES USED TO FUND THE POLICY. THE POLICY IS OWNED BY THE PRESIDENT AND THE PRESIDENT HAS THE RIGHT TO NAME THE BENEFICIARIES FOR AMOUNTS NOT SECURED BY THE ASSIGNMENTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER IN CONJUNCTION WITH THE ORGANIZATION'S ACCOUNTING AND FINANCE TEAM. A DRAFT FORM 990 IS THEN REVIEWED BY THE CFO & TREASURER; ADJUSTMENTS ARE MADE, AS NECESSARY. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT, AND HAVE AN ONGOING TO DISCLOSE ANY TRANSACTIONS WHICH MAY PRESENT A CONFLICT TO MONTERRA COMMUNITY FUND. DISCLOSURE OF A POTENTIAL CONFLICT SHOULD BE MADE TO THE PRESIDENT, WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS SHALL DETERMINE WHEN A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO MONTERRA COMMUNITY FUND. THE DECISION OF THE BOARD OF DIRECTORS ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION. THE INDIVIDUAL WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. MONTERRA CREDIT UNION 350 CONVENTION WAY REDWOOD CITY CA 94063 941231186 CREDIT UNION CA 501(C)(14) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1