Form 990 for tax year 2024
Filed by MONTGOMERY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $9,776,336
- Total expenses
- $7,291,051
- Contributions and grants received
- $5,344,307
- Grants paid
- $4,781,745
- Program services expenses (Part IX)
- $6,577,506
- Management and general expenses
- $357,587
- Fundraising expenses
- $355,958
- Program service expenses (Part III)
- $6,577,506
Program services were 90.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
WILLIAM C FOOTE
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
MARY PAT ALCUS
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
ERICA L WEBBER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
KENNETH H BECKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ASHLEY B CHENG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LAUREN CHIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARTIN P COLBURN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KENNETH C COOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANNE L GUNSTEENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
R WILLIAM HARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BILL KEATING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LESLIE LEVINE UNTIL 0924
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CONNIE O MCGUIRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CRISTINA RABADAN-DIEHL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STEVEN V ROBERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHER SACA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
EMAN SAQIB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROBERTA SHULMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MORGAN SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CRISTOPHER J WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOYCE MATTHEWS UNTIL 0125
EXEC DIR/VP OF DEV & ALUMNI RELATIONS
- Total calculated
- $227,447
- From this org
- $0
- From related orgs
- $203,325
- Other
- $24,122
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $199,325 related
- Bonus
- $0
- Other
- $0 + $4,000 related
- Deferred
- $0 + $18,953 related
- Nontaxable benefits
- $0 + $5,169 related
- Filer's total
- $0 + $227,447 related
-
DONNA M PINA
DIRECTOR OF FOUNDATION FINANCE
- Total calculated
- $182,047
- From this org
- $0
- From related orgs
- $164,292
- Other
- $17,755
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $164,292 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $12,153 related
- Nontaxable benefits
- $0 + $5,602 related
- Filer's total
- $0 + $182,047 related
-
BERNADETTE MALDONADO AS OF 0125
EXEC DIR/VP OF DEV & ALUMNI
- Total calculated
- $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 — 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
- EXECUTIVE DIRECTOR COMPENSATION WAS DETERMINED BY THE FOUNDATION'S RELATED ORGANIZATION, MONTGOMERY COLLEGE. THE COLLEGE'S CLASSIFICATION AND COMPENSATION TEAM ADMINISTERS THE COLLEGE'S COMPENSATION PROGRAM. AMONG OTHER DUTIES, TEAM ACTIVITIES INCLUDE: ENSURING COMPLIANCE WITH FEDERAL AND STATE LAWS AND REGULATIONS, AS WELL AS COLLEGE POLICIES AND PROCEDURES GOVERNING CLASSIFICATION AND COMPENSATION. ENSURING THAT THE COLLEGE'S COMPENSATION PROGRAM IS GUIDED BY AND SUPPORTS THE COMPENSATION PHILOSOPHY AND THE COLLEGE'S MISSION AND GOALS. EVALUATING DUTIES AND RESPONSIBILITIES OF INDIVIDUAL POSITIONS AND OCCUPATIONAL CLASSES TO ENSURE THAT POSITIONS ARE CORRECTLY ASSIGNED TO AN APPROPRIATE GRADE LEVEL WITHIN THE ORGANIZATION. CONDUCTING MARKET SALARY SURVEYS AND ANALYSES TO ENSURE THAT COLLEGE PAY LEVELS ARE COMPETITIVE WITH THE EXTERNAL JOB MARKET. CONDUCTING STUDIES OF POSITIONS AND JOB CLASSES ON A REGULAR MAINTENANCE SCHEDULE OR IN RESPONSE TO REORGANIZATION, REALLOCATION OF RESOURCES, MAJOR CHANGES IN WORK RESPONSIBILITIES OR TECHNOLOGY, OR IN RESPONSE TO UNIQUE OR UNANTICIPATED CIRCUMSTANCES.
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
-
$882,505
SUPPORT OF COLLEGE INITIATIVES
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.
-
115 · COLLEGE - EDUCATION · MD
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 18 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601069349300030
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