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Nonprofiteer
← MONTGOMERY COUNTY COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by MONTGOMERY COUNTY COMMUNITY FOUNDATION INC.

Totals

Total revenue
$6,103,160
Total expenses
$2,359,450
Contributions and grants received
$2,577,985
Grants paid
$1,522,796
Program service revenue
$41,908
Investment income
$3,230,016
Other revenue
$253,251
Total assets, end of year
$60,560,134
Total liabilities, end of year
$2,767,890
Net assets or fund balances, end of year
$57,792,244
Program services expenses (Part IX)
$1,676,111
Management and general expenses
$599,531
Fundraising expenses
$83,808
Program service expenses (Part III)
$1,676,111

Program services were 71.0% 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.

  • 1f · All other contributions, gifts and grants

    $2,577,985

  • 1g · Noncash contributions included above

    $65,528

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $41,908 · related or exempt $41,908

  • 3 · Investment income

    total $1,909,925 · excluded $1,909,925

  • 6a · Gross rents

    real property $278,090

  • 6b · Less rental expenses

    real property $24,839

  • 6c · Rental income or loss

    real property $253,251

  • 6d · Net rental income or loss

    total $253,251 · excluded $253,251

  • 7a · Gross sales of assets other than inventory

    securities $7,721,143

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

    securities $6,401,052

  • 7c · Gain or loss

    securities $1,320,091

  • 7d · Net gain or loss

    total $1,320,091 · excluded $1,320,091

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,037,850 · program services $1,037,850

  • 2 · Grants to domestic individuals

    total $484,946 · program services $484,946

  • 5 · Compensation of officers, directors and key employees

    total $116,511 · program services $32,623 · management and general $69,907 · fundraising $13,981

  • 7 · Other salaries and wages

    total $294,472 · program services $82,452 · management and general $176,683 · fundraising $35,337

  • 9 · Other employee benefits

    total $50,453 · program services $14,127 · management and general $30,272 · fundraising $6,054

  • 10 · Payroll taxes

    total $30,958 · program services $8,668 · management and general $18,575 · fundraising $3,715

  • 11a · Fees: management

    total $21,535 · management and general $21,535

  • 11c · Fees: accounting

    total $30,155 · management and general $30,155

  • 11f · Fees: investment management

    total $92,325 · management and general $92,325

  • 12 · Advertising and promotion

    total $11,530 · management and general $4,380 · fundraising $7,150

  • 13 · Office expenses

    total $41,544 · program services $13,962 · management and general $18,121 · fundraising $9,461

  • 16 · Occupancy

    total $33,776 · management and general $33,776

  • 17 · Travel

    total $17,139 · management and general $14,295 · fundraising $2,844

  • 22 · Depreciation, depletion and amortization

    total $31,537 · management and general $31,537

  • 23 · Insurance

    total $7,940 · management and general $7,940

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $33,283 · management and general $33,283

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $15,544 · management and general $15,544

  • 24c · Other expenses: DONOR DEVELOPMENT

    total $5,266 · fundraising $5,266

  • 24d · Other expenses: PROGRAM

    total $1,483 · program services $1,483

  • 24e · All other expenses

    total $1,203 · management and general $1,203

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,105,667 · end of year $2,746,368

  • 2 · Savings and temporary cash investments

    beginning of year $1,607,594 · end of year $1,717,786

  • 4 · Accounts receivable

    beginning of year $252 · end of year $259

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,283 · end of year $23,716

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

    $7,895,577

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

    $188,755

  • 10c · Land, buildings and equipment, net

    beginning of year $6,806,347 · end of year $7,706,822

  • 11 · Investments: publicly traded securities

    beginning of year $57,334,774 · end of year $44,596,929

  • 12 · Investments: other securities

    beginning of year $200,000 · end of year $3,344,742

  • 15 · Other assets

    beginning of year $610,298 · end of year $423,512

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,676 · end of year $7,476

  • 25 · Other liabilities

    beginning of year $3,351,468 · end of year $2,760,414

  • 27 · Net assets without donor restrictions

    beginning of year $1,303,393 · end of year $1,405,823

  • 28 · Net assets with donor restrictions

    beginning of year $63,027,678 · end of year $56,386,421

Mission and programs · 2022

Mission

TO ADMINISTER FUNDS TO PROVIDE GRANTS TO VARIOUS ORGANIZATIONS IN THE MONTGOMERY COUNTY COMMUNITY AND TO HELP FOSTER AND PROMOTE PUBLIC, CHARITABLE, ARTS, CULTURE, AND EDUCATIONAL ACTIVITIES.

  • SOLICITING, RECEIVING, MANAGING, AND DISTRIBUTING GIFTS TO MEET THE NEEDS OF MONTGOMERY COUNTY CITIZENS AND ORGANIZATIONS.

    Expenses $1,676,111 · Grants $1,522,796 · Revenue $41,908

As filed on the 2022 return.

Listed in Part VII

  • Jim McBee

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Marta Sweek

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5

  • Deb Schavietello

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Ron Dickerson

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Preston Bost

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Anna Bravo-Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Cathy Caldwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Wendy Feller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Erin Gobel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Zach Hockersmith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Sheila McCormick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • David Maharry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Kelly Taylor

    CEO

    Total calculated
    $116,511
    From this org
    $116,511
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2022
Filed
11 September 2023
IRS schema version
2022v5.0
Source object
202332689349300138

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

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