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Nonprofiteer
← MONTGOMERY COUNTY SCHOLARSHIPS INC

Form 990 for tax year 2025

Filed by MONTGOMERY COUNTY SCHOLARSHIPS INC.

Totals

Total revenue
$15,650,885
Total expenses
$3,956,682
Contributions and grants received
$15,446,489
Grants paid
$3,600,443
Program service revenue
$125,918
Investment income
$78,478
Other revenue
$0
Total assets, end of year
$26,485,550
Total liabilities, end of year
$11,222,801
Net assets or fund balances, end of year
$15,262,749
Program services expenses (Part IX)
$3,600,443
Management and general expenses
$356,239
Fundraising expenses
$0
Program service expenses (Part III)
$3,600,443

Program services were 91.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JED SILVERSMITH

    DIRECTOR

    Total calculated
    $146,500
    From this org
    $136,500
    From related orgs
    $0
    Other
    $10,000
    Hours/week
    20

  • TODD UNGER

    DIRECTOR

    Total calculated
    $115,500
    From this org
    $105,500
    From related orgs
    $0
    Other
    $10,000
    Hours/week
    10

  • MITCH BOBER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • JARET GRONCZEWSKI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • STEPHEN PIEKLIK

    TRUSTEE

    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.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings

Answered no

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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS REVIEW THE INTERNAL COMPARABILITY DATA BEFORE APPRVING ANY COMPENSATION.
PART I, LINE 4B
JED SILVERSMITH - $10,000 TODD UNGER - $10,000 BOTH AMOUNTS REPORTED AS OTHER COMEPNSATION FOR THE OFFICERS LISTED ABOVE.
PART I, LINE 5
THE BOARD OF DIRECTORS REVIEW THE INTERNAL COMPARABILITY DATA BEFORE APPRVING ANY COMPENSATION.
PART I, LINE 6
THE BOARD OF DIRECTORS REVIEW THE INTERNAL COMPARABILITY DATA BEFORE APPRVING ANY COMPENSATION.

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.

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202642089349300024

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