Form 990 for tax year 2022
Filed by MONTGOMERY COUNTY PUBLIC SCHOOLS EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $3,575,894
- Total expenses
- $3,161,401
- Contributions and grants received
- $2,903,838
- Grants paid
- $2,839,736
- Program service revenue
- $0
- Investment income
- $19,154
- Other revenue
- $652,902
- Total assets, end of year
- $9,861,162
- Total liabilities, end of year
- $2,948,721
- Net assets or fund balances, end of year
- $6,912,441
- Program services expenses (Part IX)
- $2,839,736
- Management and general expenses
- $321,665
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,839,736
Program services were 89.8% 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.
-
1a · Federated campaigns
$5,887
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$2,897,951
-
1g · Noncash contributions included above
$0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $19,154 · related or exempt $19,154 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11a · Other revenue: Escheatments
total $652,902 · related or exempt $652,902 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$652,902
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $694,236 · program services $694,236
-
2 · Grants to domestic individuals
total $2,145,500 · program services $2,145,500
-
5 · Compensation of officers, directors and key employees
total $120,500 · management and general $120,500
-
7 · Other salaries and wages
total $50,636 · management and general $50,636
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $13,092 · management and general $13,092
-
13 · Office expenses
total $20,057 · management and general $20,057
-
14 · Information technology
total $54,736 · management and general $54,736
-
19 · Conferences, conventions and meetings
total $8,082 · management and general $8,082
-
23 · Insurance
total $4,629 · management and general $4,629
-
24a · Other expenses: Annual Charitable Registration
total $300 · program services $0 · management and general $300 · fundraising $0
-
24b · Other expenses: Refund of escheated funds
total $49,633 · program services $0 · management and general $49,633 · fundraising $0
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $109,513 · end of year $519,146
-
9 · Prepaid expenses and deferred charges
beginning of year $27,515 · end of year $29,082
-
11 · Investments: publicly traded securities
beginning of year $6,558,743 · end of year $9,312,934
-
17 · Accounts payable and accrued expenses
beginning of year $298,714 · end of year $131,440
-
18 · Grants payable
beginning of year $205,000 · end of year $2,275,000
-
19 · Deferred revenue
beginning of year $430,305 · end of year $542,281
-
23 · Secured mortgages and notes payable
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,342,823 · end of year $2,650,964
-
28 · Net assets with donor restrictions
beginning of year $3,418,929 · end of year $4,261,477
Mission and programs · 2022
Mission
The mission of the Montgomery County Public Schools (MCPS) Educational Foundation is to support student success in MCPS. The Foundation's programs span from scholarships to students, small grants to educators and schools, fundraising for student supports such as providing backpacks of supplies, and other support for the strategic initiatives of MCPS.
-
A generous gift from the Ruth and Norman Rales Foundation established the Ruth and Norman Rales-Patricia Baier O'Neill Scholarship Recognizing Academic Excellence for MCPS seniors. From the class of 2023, 193 seniors were awarded the four-year Rales-O'Neill scholarship totaling $10,000. In the spring of 2023, the Foundation recognized all Foundation scholarship awardees, including the inaugural Rales-O'Neill recipients, at a beautiful reception and event held at the Strathmore Music Center that was keynoted by Robert Kabera, a young entrepreneur who focuses on using artificial intelligence to predict risk across energy, climate, agriculture, and financial services.
Expenses $1,930,000 · Revenue $1,930,000
-
The ongoing funding from the Howard Hughes Medical Institute enabled MCPS to continue making foundational changes in science instruction that enable students from all backgrounds to actively engage in innovative science learning experiences. Activities during FY 23 included expanding and enhancing classroom and laboratory experiences, such as providing over 445 DNA Resource Center Investigation kits to middle and high school teachers from the DNA Resource Center; continued participation of students from underrepresented populations to attend STEM summer camps that provide laboratory and field experience in the life, environmental, and physical sciences; and expansion of opportunities like the Youth Climate Summer for students to take action on scientific issues.
Expenses $362,671 · Revenue $362,671
-
The Joseph D. Byrd Scholarship provides a four-year scholarship totaling $40,000 to students at Poolesville High School. Established in 2007, this is one of the most generous awards supported by the Foundation. Four seniors were awarded the Joseph D. Byrd scholarship from the class of 2023. As the costs of post-secondary education continue to rise, the Foundation is proud to have a community of philanthropic donors supporting the students of MCPS with their continued education and career preparation. The Rales-O'Neill and Byrd scholarships represent a portion of the Foundation's endowment that supports its programming - see Schedule D, Part V for an aggregate figure.
Expenses $165,000 · Revenue $165,000
-
The MCPS Educational Foundation also completed several other program services (both scholarship and non-scholarship) in support of its mission during FY 23.
Expenses $382,065 · Revenue $382,065
As filed on the 2022 return.
Listed in Part VII
-
Yolanda Johnson Pruitt
Executive Director
- Total calculated
- $120,500
- From this org
- $0
- From related orgs
- $120,500
- Other
- $0
- Hours/week
- 32
-
Susie Leong
Director
- Total calculated
- $0
- Hours/week
- 0
-
Arlandis Rush
Director
- Total calculated
- $0
- Hours/week
- 0
-
Monifa McKnight
Superintendent of Schools
- Total calculated
- $0
- Hours/week
- 0
-
Jennifer Nordheimer
Director
- Total calculated
- $0
- Hours/week
- 0
-
Rebecca Smondrowski
Director
- Total calculated
- $0
- Hours/week
- 0
-
Farzaneh Sabi
Director
- Total calculated
- $0
- Hours/week
- 0
-
Linda Plummer
Director
- Total calculated
- $0
- Hours/week
- 0
-
Matthew Swibel
Director
- Total calculated
- $0
- Hours/week
- 0
-
Steven Cohen
Director
- Total calculated
- $0
- Hours/week
- 0
-
Pennie Abramson
Director
- Total calculated
- $0
- Hours/week
- 0
-
Victoria Samuels
Director
- Total calculated
- $0
- Hours/week
- 0
-
Rob Smith
Director
- Total calculated
- $0
- Hours/week
- 0
-
Joshua Bokee
Director
- Total calculated
- $0
- Hours/week
- 0
-
Brenda Wolff
Vice Chairperson
- Total calculated
- $0
- Hours/week
- 0
-
Melvyn Leshinsky
Chairperson
- Total calculated
- $0
- Hours/week
- 0
-
Kim Watson
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Paul Leleck
Treasurer
- Total calculated
- $0
- Hours/week
- 0
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
-
Montgomery County Public Schools
$362,671
Science & General Education
-
Montgomery County Public Schools
$229,957
School Based Projects
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313189349302656
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