Monterra Community Fund
Monterra Community Fund is a 501(c)(3) nonprofit fund created by Monterra Credit Union (formerly known as San Mateo Credit Union) to support financial wellness in the community. The fund is based in Redwood City, California, and operates as a subordinate organization under Monterra Credit Union.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$411K
-18.8% YoY
Annual Giving
$17K
-95.2% YoY
Grant Count
1
-97.1% YoY
Avg Grant Size
$17K
+69.0% YoY
Mission & Focus Areas
The fund's mission is to support the organization's commitment to financial wellness in the community. Primary focus areas include:
- Economic Development: Providing relief to small businesses located in unincorporated Northfair Oaks zip codes that have been adversely affected by COVID-19
- Education & Youth Programs: Increasing the availability of out-of-school programs for socioeconomically disadvantaged students in San Mateo County
- Grants to Nonprofits: Supporting nonprofit organizations located in San Mateo County
- Scholarships: Providing scholarships to students within San Mateo County
Grantmaking
The fund provides grants and scholarships to organizations and individuals in San Mateo County.
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Geographic Focus
Where this funder awards grants
The fund focuses its grantmaking in San Mateo County, California, with specific attention to unincorporated Northfair Oaks zip codes for small business relief.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $411,488
- Total revenues: $10,510
- Total expenses: $75,551
- Number of employees: 0
Rating: The fund received a Three-Star rating with a score of 77%, indicating good accountability and financial practices.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $411,488 | $506,529 | $1,552,950 |
| Revenue | $10,510 | $640,273 | $12,185,125 |
| Expenses | $75,551 | $831,694 | $12,090,546 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $282 | $1,072 | $1,316 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
186 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Thrive Alliance ($17,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THRIVE ALLIANCE REDWOOD CITY, CA | TO PROVIDE ASSISTANCE TO NONPROFITS LOCATED IN SAN MATEO COUNTY | $17,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Principal Officer: Wade Painter
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WADE PAINTER | PRESIDENT | 1 | — |
| VALERIE ALSIP | DIRECTOR | 1 | — |
| DAVID DIAMOND | CFO & TREASURER | 1 | — |
| SUZANNE KNOWLTON | SECRETARY | 1 | — |
Contact Information
Address: 350 Convention Way, Redwood City, CA 94063
Phone: 650-363-1725
Website: www.monterracommunityfund.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Monterra Community Fund fund?
The fund's mission is to support the organization's commitment to financial wellness in the community. Primary focus areas include: • **Economic Development**: Providing relief to small businesses located in unincorporated Northfair Oaks zip codes that have been adversely affected by COVID-19 • **Education & Youth Programs**: Increasing the availability of out-of-school programs for socioeconomically disadvantaged students in San Mateo County • **Grants to Nonprofits**: Supporting nonprofit org…
How do I apply for a grant from Monterra Community Fund?
**Grant Activity (2024):** • Total giving: $61,968 • Total expenses: $75,551 • Typical award range: $8,255–$890,757 **Program Breakdown (2024):** • Grants to nonprofit organizations: $36,968 in expenses • Scholarships to students: $25,000 in expenses The fund provides grants and scholarships to organizations and individuals in San Mateo County.
Where does Monterra Community Fund make grants?
The fund focuses its grantmaking in San Mateo County, California, with specific attention to unincorporated Northfair Oaks zip codes for small business relief.
What size grants does Monterra Community Fund award?
In 2024, Monterra Community Fund awarded 1 grants totaling $17K — an average of about $17K per grant, based on its IRS Form 990 filings.
What is Monterra Community Fund's EIN?
Monterra Community Fund's EIN (Employer Identification Number) is 85-0663372. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Monterra Community Fund's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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