University Corporation at Monterey Bay is a 501(c)(3) nonprofit auxiliary organization serving California State University, Monterey Bay (CSUMB). Located in Monterey, California, the organization operates as a legally separate nonprofit while functioning as a fully integrated partner with the university. The Corporation is self-supporting and does not receive direct state funding.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$220.1M
-0.9% YoY
Annual Giving
$12.0M
+1.3% YoY
Grant Count
21
-4.5% YoY
Avg Grant Size
$570K
+6.1% YoY
Mission & Focus Areas
Mission Statement: To use fiscal flexibility to provide resources and services not supported by the state, operational expertise to implement and manage commercial activities, and entrepreneurial acumen to generate revenue in support of the university's strategic initiatives. The corporation is committed to supporting the university in building a multicultural learning community whose partners are prepared to contribute productively, responsibly, and ethically to California and the global community.
Primary Program Areas:
- Housing, Dining & Residential Life: Programs for students, faculty, and staff of the university
- Campus Support & Infrastructure: Building projects and campus development for the benefit of the university and its auxiliaries
- Grants & Contracts Administration: Management of externally sponsored projects for the university
- KAZU Public Radio: Operation of the university's radio station providing news broadcasting and community services
- Educational Services: Conferences, workshops, and support services for the university and students
- Student Support & Scholarships: Direct support for student success
Grantmaking
The organization administers grants and contracts on behalf of the university rather than functioning as a traditional grant-making foundation. Recent grant activity includes:
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Geographic Focus
Where this funder awards grants
The organization primarily serves California, with particular focus on the Monterey Bay region and Central Coast. Grant activity has been documented in California, Pennsylvania, and Nevada.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2025:
- Total Assets: $220,142,016
- Total Revenues: $95,552,872
- Total Expenses: $88,988,882
- Total Giving: $13,105,722
- Number of Employees: 795
Tax Status:
- Tax-exempt since September 1995
- EIN: 77-0387459
- Designated as 501(c)(3)
Financial Controls: An independent audit for the fiscal year ending June 2024 identified a material weakness in internal controls—a deficiency in internal financial or governance controls that could limit the organization's ability to track and report financial data reliably.
Travel Practices: According to the June 2023 tax filing, the organization provided first-class or charter travel to key employees or officers, with details reported on Schedule J.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $220,142,016 | $222,161,128 | $223,603,733 |
| Revenue | $95,552,872 | $81,682,558 | $79,086,983 |
| Expenses | $88,988,882 | $84,279,508 | $76,139,293 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $7,786,427 | $2,432,306 | $3,483,463 |
| 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 10 recipients in 2025
Grant Size Distribution
96 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include California State University Monterey Bay ($9,707,709), Uc Regents Davis ($397,615), Foundation of California State University Monterey Bay ($360,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BIG SUR LAND TRUST MONTEREY, CA | SUBAWARD | $45,740 |
| CALIFORNIA STATE UNIVERSITY MONTEREY BAY SEASIDE, CA | UNIVERSITY SUPPORT AND SCHOLARSHIPS | $9,707,709 |
| CSU CHANNEL ISLAND CAMARILLO, CA | SUBAWARD | $56,304 |
| CSU DOMINGUEZ HILLS FOUNDATION CARSON, CA | SUBAWARD | $16,463 |
| CSU FULLERTON ASC FULLERTON, CA | SUBAWARD | $19,043 |
| CSU LONG BEACH FOUNDATION LONG BEACH, CA | SUBAWARD | $9,613 |
| EL CAMINO COMMUNITY COLLEGE TORRANCE, CA | SUBAWARD | $10,050 |
| FOUNDATION OF CALIFORNIA STATE UNIVERSITY MONTEREY BAY SEASIDE, CA | UNIVERSITY SUPPORT | $360,000 |
| HARTNELL COLLEGE SALINAS, CA | SUBAWARD | $264,522 |
| MONTEREY PENINSULA COLLEGE MONTEREY, CA | SUBAWARD | $84,290 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key Personnel:
- Melissa Jarnagin: Vice President for Administration & Finance / Chief Financial Officer
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VANYA QUINONES PHD | PRESIDENT | 0.5 | — |
| ANDREW LAWSON | SECRETARY/TREASURER | 0.5 | — |
| ALAN FISHER PART YEAR | INTERIM EXECUTIVE DIRECTOR | 40 | $110,924 |
| MICHAEL LA PLANTE BEG 6125 | UNIVERSITY ADVANCEMENT DIR | 0.5 | — |
| GORDON MCDOUGALL 11-53125 | UNIVERSITY ADVANCEMENT DIR | 0.5 | — |
| BEN CORPUS | STUDENT AFFAIRS DIRECTOR | 0.5 | — |
| ARLENE HAFFA | FACULTY DIRECTOR | 10 | $22,056 |
| ELIZABETH MIHOPOULOS | STAFF DIRECTOR | 0.5 | — |
| ANDREW NINO | STUDENT DIRECTOR | 0.5 | — |
| ROBERT TAYLOR ESQ | COMMUNITY MEMBER DIRECTOR | 0.5 | — |
| MADDISON BURTON | ASSOCIATE EXECUTIVE DIRECT | 40 | $193,652 |
| SHERRY BAGGETT | CONTROLLER | 40 | $192,231 |
| LEE JOHNSON | SR. RESEARCH SCIENTIST | 40 | $167,036 |
| HIROFUMI HASHIMOTO | RESEARCH SCIENTIST | 40 | $144,501 |
| ADAM PURDY | SR. RESEARCH SCIENTIST | 40 | $142,766 |
Recent News & Activity
Recent developments and announcements
**College Corps Expansion:** CSUMB's College Corps program was awarded $9 million in federal funding to expand programming to the Monterey Peninsula and Hartnell colleges, representing significant growth in the organization's educational outreach initiatives.
CSUMB\u2019s College Corps awarded $9M grant to expand to Monterey Peninsula,\**DART Grant:** The organization received an Irvine Grant supporting the DART (Digital Arts and Research Technology) program.
Irvine Grant for DART | California State University Monterey Bay**Federal Support:** Congressman Panetta announced federal grant support for Central Coast college students through programs administered by the organization.
CSUMB\u2019s College Corps awarded $9M grant to expand to Monterey Peninsula,\Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does University Corporation at Monterey Bay fund?
**Mission Statement:** To use fiscal flexibility to provide resources and services not supported by the state, operational expertise to implement and manage commercial activities, and entrepreneurial acumen to generate revenue in support of the university's strategic initiatives. The corporation is committed to supporting the university in building a multicultural learning community whose partners are prepared to contribute productively, responsibly, and ethically to California and the global c…
How do I apply for a grant from University Corporation at Monterey Bay?
The organization administers grants and contracts on behalf of the university rather than functioning as a traditional grant-making foundation. Recent grant activity includes: • Subaward to Regents of the University of California / University of California: $397,615 (2025) • College Corps program awarded $9 million in federal funding to expand to Monterey Peninsula and Hartnell colleges The organization's total giving was reported at $13,105,722 in its most recent filing, with typical awards ra…
Where does University Corporation at Monterey Bay make grants?
The organization primarily serves California, with particular focus on the Monterey Bay region and Central Coast. Grant activity has been documented in California, Pennsylvania, and Nevada.
What size grants does University Corporation at Monterey Bay award?
In 2025, University Corporation at Monterey Bay awarded 21 grants totaling $12.0M — an average of about $570K per grant, based on its IRS Form 990 filings.
What is University Corporation at Monterey Bay's EIN?
University Corporation at Monterey Bay's EIN (Employer Identification Number) is 77-0387459. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
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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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