Form 990 for tax year 2022
Filed by MONTGOMERY COUNTY COMMUNITY COLLEGE FOUNDATION.
Totals
- Total revenue
- $1,560,529
- Total expenses
- $2,629,164
- Contributions and grants received
- $1,522,522
- Grants paid
- $1,429,063
- Program service revenue
- $0
- Investment income
- $43,917
- Other revenue
- -$5,910
- Total assets, end of year
- $21,032,140
- Total liabilities, end of year
- $823,564
- Net assets or fund balances, end of year
- $20,208,576
- Program services expenses (Part IX)
- $1,429,063
- Management and general expenses
- $955,158
- Fundraising expenses
- $244,943
- Program service expenses (Part III)
- $1,429,063
Program services were 54.4% 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.
-
1c · Fundraising events
$16,560
-
1f · All other contributions, gifts and grants
$1,505,962
-
1g · Noncash contributions included above
$142,383
-
3 · Investment income
total $561,258 · excluded $561,258
-
7a · Gross sales of assets other than inventory
securities $4,332,884
-
7b · Less cost or other basis and sales expenses
securities $4,850,225
-
7c · Gain or loss
securities -$517,341
-
7d · Net gain or loss
total -$517,341 · excluded -$517,341
-
8a · Fundraising events: gross income
$17,583
-
8a · Fundraising events: contributions included on line 1c
$16,560
-
8b · Fundraising events: direct expenses
$23,493
-
8c · Net income from fundraising events
total -$5,910 · excluded -$5,910
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,429,063 · program services $1,429,063
-
11b · Fees: legal
total $10,754 · management and general $10,754
-
11c · Fees: accounting
total $14,900 · management and general $14,900
-
11e · Fees: professional fundraising services
total $11,405 · fundraising $11,405
-
11f · Fees: investment management
total $108,777 · management and general $108,777
-
11g · Fees: other
total $232,273 · management and general $16,273 · fundraising $216,000
-
13 · Office expenses
total $19,712 · management and general $11,715 · fundraising $7,997
-
17 · Travel
total $3,301 · management and general $3,301
-
19 · Conferences, conventions and meetings
total $3,992 · management and general $3,602 · fundraising $390
-
24a · Other expenses: SUPPORT FOR COLLEGE'S P
total $731,198 · management and general $731,198
-
24b · Other expenses: BAD DEBT
total $45,667 · management and general $45,667
-
24c · Other expenses: MISCELLANEOUS
total $6,888 · management and general $5,688 · fundraising $1,200
-
24d · Other expenses: PRINTING & PUBLICATIONS
total $5,268 · fundraising $5,268
-
24e · All other expenses
total $5,966 · management and general $3,283 · fundraising $2,683
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,604,214 · end of year $4,188,572
-
3 · Pledges and grants receivable
beginning of year $202,566 · end of year $199,303
-
11 · Investments: publicly traded securities
beginning of year $15,424,779 · end of year $16,598,032
-
15 · Other assets
beginning of year $34,311 · end of year $46,233
-
17 · Accounts payable and accrued expenses
beginning of year $350 · end of year $0
-
19 · Deferred revenue
beginning of year $114,481 · end of year $155,014
-
25 · Other liabilities
beginning of year $541,006 · end of year $668,550
-
27 · Net assets without donor restrictions
beginning of year $2,136,959 · end of year $2,288,965
-
28 · Net assets with donor restrictions
beginning of year $16,473,074 · end of year $17,919,611
Mission and programs · 2022
Mission
THE MONTGOMERY COUNTY COMMUNITY COLLEGE FOUNDATION IS THE DESIGNATED TAX-EXEMPT CHARITABLE ARM OF THE COLLEGE. THE FOUNDATION'S PURPOSE IS TO RAISE FUNDS TO ASSIST THE COLLEGE IN DEVELOPING PROGRAMS, FACILITIES, AND SERVICES TO ENHANCE AND ENRICH STUDENT LIFE AND TO MAINTAIN A TRADITION OF EDUCATIONAL EXCELLENCE.
Activities or mission (Part I)
THE FOUNDATION RAISES FUNDS ON BEHALF OF THE MONTGOMERY COUNTY COMMUNITY COLLEGE.
-
SCHOLARSHIPS: THROUGH THE GENEROUS SUPPORT FROM OUR ALUMNI AND FRIENDS, FOUNDATIONS, CORPORATIONS, AND OTHER VALUED PARTNERS, THE FOUNDATION IS ABLE TO PROVIDE SCHOLARSHIPS AND SUPPORT TO MONTGOMERY COUNTY COMMUNITY COLLEGE STUDENTS. WITH THIS SUPPORT, STUDENTS CONTINUE TO RECEIVE THE EDUCATION AND SKILLS NEEDED TO MAKE A DIFFERENCE IN OUR LOCAL WORKFORCE AND ECONOMY.
Expenses $880,934 · Grants $880,934
-
COLLEGE PROGRAM: EXPENDITURES WERE MADE TO PROVIDE THE COLLEGE THE NECESSARY FUNDING TO OPERATE VARIOUS EDUCATIONAL PROGRAMS, THE CULTURAL ARTS, AND OTHER MISCELLANEOUS STUDENT SUPPORT SERVICES. THE COLLEGE OFFERS ASSOCIATE IN ARTS (AA), ASSOCIATE IN SCIENCE (AS), AND ASSOCIATE IN FINE ARTS (AFA) DEGREES ALL DESIGNED PRIMARILY FOR STUDENT TRANSFER TO FOUR-YEAR INSTITUTIONS AS WELL AS THE ASSOCIATE IN GENERAL STUDIES (AGS) AND THE ASSOCIATE IN APPLIED SCIENCE (AAS) DEGREES DESIGNED PRIMARILY FOR STUDENTS ENTERING THE WORKFORCE UPON GRADUATION. OUR CERTIFICATES ARE ALSO DESIGNED FOR STUDENTS WHO WISH TO ENTER THE WORKFORCE UPON GRADUATION AND ARE OFTEN SEEN BY STUDENTS AND EMPLOYERS AS AN OPPORTUNITY TO UPGRADE OR GAIN ADDITIONAL SKILLS. FINE ARTS AND TECHNOLOGY:THESE FUNDS WERE EXPENDED IN SUPPORT OF THE FINE ARTS CENTER TO INCREASE OPPORTUNITIES FOR STUDENTS AND COMMUNITY MEMBERS TO PURSUE FORMAL DEGREES AND VOCATIONAL INTERESTS IN THE FINE AND PERFORMING ARTS. FUNDS WERE ALSO EXPENDED TO SUPPORT THE ADVANCED TECHNOLOGY CENTER, WHICH OFFERS PROGRAMS IN BIOTECHNOLOGY, COMMUNICATION, AND COMPUTER SCIENCE, AS WELL AS THE COLLEGE'S INFORMATION TECHNOLOGY OFFICES. FEATURES INCLUDE STATE-OF-THE-ART LABORATORIES, CLASSROOMS, RECORDING STUDIOS, AN OBSERVATORY, TV STUDIO, MONTCO RADIO STATION, AND THE PORTAL CAFE.
Expenses $548,129 · Grants $548,129
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DR VICTORIA BASTECKI-PEREZ
PRESIDENT
- Total calculated
- $371,953
- From this org
- $0
- From related orgs
- $298,680
- Other
- $73,273
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $298,680 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $32,855 related
- Nontaxable benefits
- $0 + $40,418 related
- Filer's total
- $0 + $371,953 related
-
JOSEPH GALLAGHER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD COTTOM
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
ANDREW JAMES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN NELSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JAISRI CHETY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL MOORE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ALLISON RISKO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JAMES SANDERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHER MCDERMOTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD BUTTACAVOLI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LINDA LAVAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TANYA BAMFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GIOVAN LANE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KENNETH BAKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JOHN KOURY JR ESQ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BILL VITIELLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DONALD LYONS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
VARSOVIA FERNANDEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 20 related
-
PAUL BUTTACAVOLI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JIMMY CHONG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BILL ENGLAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DARRELL GUNTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JOHN HAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MANISH INGLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ADAM SCHUPACK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SHANNON WALKO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JOSEPH WALSH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
PHILIP NEEDLES
VP FOR ENGAGEMENT & STUDEN
- Total calculated
- $325,231
- From this org
- $0
- From related orgs
- $256,458
- Other
- $68,773
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $256,458 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $28,210 related
- Nontaxable benefits
- $0 + $40,563 related
- Filer's total
- $0 + $325,231 related
-
EARL BROWNING
EXECUTIVE DIRECTOR
- Total calculated
- $182,831
- From this org
- $0
- From related orgs
- $135,194
- Other
- $47,637
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $0 + $135,194 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $14,871 related
- Nontaxable benefits
- $0 + $32,766 related
- Filer's total
- $0 + $182,831 related
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
None.
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
The filer's explanations (Part III)
- PART I, LINE 3
- COMPENSATION FOR OFFICERS IS PAID BY A RELATED ORGANIZATION, MONTGOMERY COUNTY COMMUNITY COLLEGE. THE COLLEGE USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES. THE COLLEGE SOLICITS A THIRD PARTY CONSULTANT, THE HAY GROUP, WHO DEVELOPS A MATRIX OF GRADES. EACH GRADE HAS A MINIMUM, MIDPOINT, AND MAXIMUM. THE CANDIDATE IS REVIEWED BY HUMAN RESOURCES BASED UPON THEIR KNOWLEDGE, DEGREE, AND EXPERIENCE. HUMAN RESOURCES THEN RECOMMENDS TO THE HIRING PARTY A WRITTEN COMPENSATION PACKAGE THAT INCLUDES THE SALARY RANGE FOR THE POSITION. THERE ARE SEVERAL LEVELS OF REVIEW AND APPROVAL WITH THE BOARD TO RATIFY THE POSITION. A GENERAL STATEMENT APPEARS IN THE BOARD MINUTES WHEN A POSITION HAS BEEN RATIFIED BASED ON BACKGROUND DOCUMENTATION PROVIDED PRIOR TO THE MEETING.
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
-
MONTGOMERY COUNTY COMMUNITY COLLEGE
$1,429,063
$880,934 GOES TO STUDENT SCHOLARSHIPS AND GRANTS AND $548,129 TO PURCHASE
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.
-
MONTGOMERY COUNTY COMMUNITY COLLEGE
115 · EDUCATION OF COLLEGE STUDENTS · PA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303539349300425
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