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Nonprofiteer
← MONTGOMERY COUNTY FOUNDATION INC

Form 990 for tax year 2022

Filed by MONTGOMERY COUNTY FOUNDATION INC.

Totals

Total revenue
$845,541
Total expenses
$1,098,092
Contributions and grants received
$782,080
Grants paid
$501,965
Program service revenue
$0
Investment income
$63,461
Other revenue
$0
Total assets, end of year
$5,786,273
Total liabilities, end of year
$127,394
Net assets or fund balances, end of year
$5,658,879
Program services expenses (Part IX)
$954,429
Management and general expenses
$113,742
Fundraising expenses
$29,921
Program service expenses (Part III)
$954,429

Program services were 86.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $444,625

  • 1f · All other contributions, gifts and grants

    $337,455

  • 3 · Investment income

    total $88,355 · excluded $88,355

  • 7a · Gross sales of assets other than inventory

    securities $831,653

  • 7b · Less cost or other basis and sales expenses

    securities $856,547

  • 7c · Gain or loss

    securities -$24,894

  • 7d · Net gain or loss

    total -$24,894 · excluded -$24,894

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $501,965 · program services $501,965

  • 5 · Compensation of officers, directors and key employees

    total $166,287 · program services $126,378 · management and general $31,595 · fundraising $8,314

  • 6 · Compensation of disqualified persons

    total $120,046 · program services $91,235 · management and general $22,809 · fundraising $6,002

  • 8 · Pension plan contributions

    total $9,578 · program services $7,273 · management and general $1,825 · fundraising $480

  • 9 · Other employee benefits

    total $19,541 · program services $14,851 · management and general $3,713 · fundraising $977

  • 10 · Payroll taxes

    total $19,719 · program services $13,620 · management and general $4,836 · fundraising $1,263

  • 11c · Fees: accounting

    total $78,488 · program services $59,651 · management and general $14,913 · fundraising $3,924

  • 11g · Fees: other

    total $23,941 · program services $18,195 · management and general $4,549 · fundraising $1,197

  • 12 · Advertising and promotion

    total $3,289 · program services $2,500 · management and general $625 · fundraising $164

  • 13 · Office expenses

    total $3,047 · program services $2,316 · management and general $579 · fundraising $152

  • 14 · Information technology

    total $1,241 · program services $943 · management and general $236 · fundraising $62

  • 16 · Occupancy

    total $69,202 · program services $52,594 · management and general $13,148 · fundraising $3,460

  • 19 · Conferences, conventions and meetings

    total $9,195 · program services $6,988 · management and general $1,747 · fundraising $460

  • 22 · Depreciation, depletion and amortization

    total $4,345 · program services $3,302 · management and general $826 · fundraising $217

  • 23 · Insurance

    total $16,854 · program services $12,809 · management and general $3,202 · fundraising $843

  • 24a · Other expenses: MISCELLANEOUS

    total $12,284 · program services $10,116 · management and general $1,716 · fundraising $452

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $10,192 · program services $7,746 · management and general $1,936 · fundraising $510

  • 24c · Other expenses: SOFTWARE

    total $8,420 · program services $6,399 · management and general $1,600 · fundraising $421

  • 24d · Other expenses: UTILITIES

    total $8,223 · program services $6,250 · management and general $1,562 · fundraising $411

  • 24e · All other expenses

    total $12,235 · program services $9,298 · management and general $2,325 · fundraising $612

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $134,630 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,482,311 · end of year $1,492,720

  • 3 · Pledges and grants receivable

    beginning of year $70,167 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,075 · end of year $19,492

  • 10a · Land, buildings and equipment: cost or other basis

    $90,375

  • 10b · Land, buildings and equipment: accumulated depreciation

    $76,338

  • 10c · Land, buildings and equipment, net

    beginning of year $17,282 · end of year $14,037

  • 11 · Investments: publicly traded securities

    beginning of year $5,111,921 · end of year $4,253,191

  • 15 · Other assets

    beginning of year $5,518 · end of year $6,833

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,352 · end of year $14,500

  • 18 · Grants payable

    beginning of year $185,119 · end of year $112,894

  • 27 · Net assets without donor restrictions

    beginning of year $6,314,956 · end of year $5,391,972

  • 28 · Net assets with donor restrictions

    beginning of year $311,477 · end of year $266,907

Mission and programs · 2022

Mission

TO DEVELOP, RECEIVE, ADMINISTER AND MANAGE, UNDER COMMUNITY CONTROL, FUNDS RECEIVED FROM PUBLIC AND PRIVATE SOURCES AND DISTRIBUTE THEM FOR CHARITABLE PURPOSES, PRIMARILY TO MEET LOCAL NEEDS.

  • THE FOUNDATION COLLECTS AND DISTRIBUTES FUNDS TO ASSIST A WIDE RANGE OF COMMUNITY NEEDS THAT INCLUDE EDUCATION, HEALTH AND HUMAN SERVICES AND CULTURAL GROUPS SERVING RESIDENTS OF MONTGOMERY COUNTY. AS WELL AS ASSISTING DONORS TO ESTABLISH PERMANENT ENDOWMENT FUNDS, THE FOUNDATION ACCEPTS DONATIONS OF ALL SIZES TO ADDRESS ISSUES IN THE COMMUNITY. THE FOUNDATION IS A COMMUNITY FOUNDATION AND HAS TAKEN ON THE ROLE OF 'A CATALYST FOR COMMUNITY SOLUTIONS' BY CONVENING INDIVIDUALS, AGENCIES AND GROUPS TO STRENGTHEN COMMUNITIES TO ADDRESS THOSE NEEDS.THE FOUNDATION PROVIDES EDUCATIONAL PROGRAMS TO STAFF AND BOARD MEMBERS OF NON-PROFITS TO ENHANCE THEIR CAPACITY. THESE PROGRAMS ADDRESS ORGANIZATIONAL ISSUES, FINANCIAL ISSUES AND OTHER CURRENT TOPICS CRITICAL TO THE OPERATIONS OF NON-PROFIT ORGANIZATIONS.THE FOUNDATION HAS FUNDED LOCAL RESEARCH PROJECTS IN COLLABORATION WITH OTHER FUNDERS TO IDENTIFY COMMUNITY NEEDS. THE RESULTS OF THOSE RESEARCH PROJECTS OFTEN RESULT IN THE UNDERTAKING OF CATALYST FOR COMMUNITY SOLUTIONS PROJECTS LIKE THE HUMAN SERVICES RESOURCE DIRECTORY NOW CALLED WWW.211SEPA.ORG. THIS PROJECT NOW LINKED WITH A CALL CENTER WAS DEVELOPED AND IMPLEMENTED BY THIS FOUNDATION TO PROVIDE CURRENT INFORMATION TO THOSE IN NEED OF SERVICES.THE FOUNDATION HAS ALSO PROVIDED CIVIC ENGAGEMENT OPPORTUNITIES TO ADULTS 60+, A PROGRAM SUPPORTED BY A GRANT FROM ATLANTIC PHILANTHROPIES FOR A 4 YEAR PERIOD PROVIDING VOLUNTEERS OPPORTUNITIES WITH LOCAL NONPROFITS USING THEIR SKILLS TO MAKE AN IMPACT.MOST RECENTLY, THE FOUNDATION, IN PARTNERSHIP WITH INDIVIDUALS, GOVERNMENT, FOUNDATIONS, CORPORATIONS AND OTHERS, HAS COMPLETED A RESEARCH PROJECT TO DEVELOP A 10 YEAR PLAN FOR ARTS AND CULTURE FOR MONTGOMERY COUNTY. THE PROJECT IS IN IMPLEMENTATION PHASE CURRENTLY AND HAS APPROXIMATELY 100 VOLUNTEERS INVOLVED. THE PROJECT, CALLED CREATIVE MONTCO, HAS TREMENDOUS COMMUNITY SUPPORT.THE MONTGOMERY COUNTY FOUNDATION, INC. ALSO IN PARTNERSHIP WITH FOUNDATIONS, NON-PROFIT HOUSING AGENCIES, COUNTY GOVERNMENT AND OTHERS, IS ALSO WORKING TO CHANGE THE SYSTEM THAT ASSISTS PEOPLE WHO ARE HOMELESS OR ABOUT TO BE HOMELESS. THE NEW SYSTEM WILL LEAD TO SUCCESSFUL SOLUTIONS TO THE ISSUES AND WITH MORE PERMANENT AND QUICKER RESULTS.THE FOUNDATION SUPPORTS THE NON-PROFIT COMMUNITY THROUGH GRANTS AND IN OTHER WAYS. THE FOUNDATION PROVIDES MONTHLY EDUCATIONAL PROGRAMS FOR NON-PROFIT STAFF AND BOARDS ASSISTING THEM WITH INFORMATION ABOUT ISSUES THEY ARE FACING. THESE PROGRAMS ARE PROVIDED AT NO CHARGE. TOPICS INCLUDE FUNDRAISING, ACCOUNTING, CYBER ISSUES AND OTHER IMPORTANT TOPICS.THE FOUNDATION REGULARLY ASSISTS DONORS TO ACHIEVE THEIR PHILANTHROPIC GOALS BY PROVIDING EDUCATION ABOUT ISSUES, NON-PROFITS, THE BEST OPTIONS FOR MAKING A DIFFERENCE IN THE COMMUNITY.BUILDING STRONG COMMUNITIES AND ASSISTING THOSE MOST IN NEED IS POSSIBLE ONLY THROUGH DONATIONS FROM THOSE WHO WANT TO MAKE A DIFFERENCE.

    Expenses $954,429 · Grants $501,965

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Virginia Frantz

    PRESIDENT AND CEO

    Total calculated
    $170,800
    From this org
    $131,013
    From related orgs
    $0
    Other
    $39,787
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,013
    Bonus
    $0
    Other
    $0
    Deferred
    $10,120
    Nontaxable benefits
    $29,667
    Filer's total
    $170,800

  • Cindy Diccianni RN Chfc Csa Cltc

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Dr Thurman D Booker

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • William L Landsburg Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sheila D Stith Csa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Harvey Strauss Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr A Kirk Field

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Catherine M Harper Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gerald E Gorski

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Marsha B Bolden Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Rule Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
11 May 2023
IRS schema version
2022v5.0
Source object
202321329349308017

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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