Skip to content
Nonprofiteer
← MONTGOMERY COUNTY COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by MONTGOMERY COUNTY COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$3,386,676
Total expenses
$4,189,677
Contributions and grants received
$2,235,409
Grants paid
$891,103
Program service revenue
$0
Investment income
$1,151,267
Other revenue
$0
Total assets, end of year
$21,933,867
Total liabilities, end of year
$577,678
Net assets or fund balances, end of year
$21,356,189
Program services expenses (Part IX)
$1,080,640
Management and general expenses
$2,833,148
Fundraising expenses
$275,889
Program service expenses (Part III)
$1,080,640

Program services were 25.8% 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.

  • 1f · All other contributions, gifts and grants

    $2,235,409

  • 1g · Noncash contributions included above

    $303,755

  • 3 · Investment income

    total $569,652 · excluded $569,652

  • 7a · Gross sales of assets other than inventory

    securities $11,060,278

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

    securities $10,478,663

  • 7c · Gain or loss

    securities $581,615

  • 7d · Net gain or loss

    total $581,615 · excluded $581,615

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $891,103 · program services $891,103

  • 11b · Fees: legal

    total $29,373 · management and general $29,373

  • 11c · Fees: accounting

    total $14,900 · management and general $14,900

  • 11e · Fees: professional fundraising services

    total $91,575 · fundraising $91,575

  • 11f · Fees: investment management

    total $68,410 · management and general $68,410

  • 11g · Fees: other

    total $174,754 · management and general $14,540 · fundraising $160,214

  • 13 · Office expenses

    total $7,659 · management and general $39 · fundraising $7,620

  • 17 · Travel

    total $7,845 · program services $4,413 · management and general $2,038 · fundraising $1,394

  • 19 · Conferences, conventions and meetings

    total $6,632 · management and general $6,632

  • 24a · Other expenses: REDIRECTED FUNDS (SEE S

    total $1,888,604 · management and general $1,888,604

  • 24b · Other expenses: SUPPORT FOR COLLEGE'S P

    total $789,790 · management and general $789,790

  • 24c · Other expenses: BAD DEBT

    total $152,620 · program services $152,620

  • 24d · Other expenses: MISCELLANEOUS

    total $46,050 · program services $32,504 · management and general $12,777 · fundraising $769

  • 24e · All other expenses

    total $20,362 · management and general $6,045 · fundraising $14,317

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,188,572 · end of year $3,364,582

  • 3 · Pledges and grants receivable

    beginning of year $199,303 · end of year $882,750

  • 11 · Investments: publicly traded securities

    beginning of year $16,598,032 · end of year $17,649,061

  • 15 · Other assets

    beginning of year $46,233 · end of year $37,474

  • 19 · Deferred revenue

    beginning of year $155,014 · end of year $204,769

  • 25 · Other liabilities

    beginning of year $668,550 · end of year $372,909

  • 27 · Net assets without donor restrictions

    beginning of year $2,288,965 · end of year $2,140,943

  • 28 · Net assets with donor restrictions

    beginning of year $17,919,611 · end of year $19,215,246

Mission and programs · 2023

Mission

THE CORPORATION SHALL BE OPERATED EXCLUSIVELY FOR THE PURPOSE OF PROVIDING SUPPORT AND ASSISTANCE TO MONTGOMERY COUNTY COMMUNITY COLLEGE (HEREINAFTER REFERRED TO AS THE "COLLEGE") IN DEVELOPING THE PROGRAMS, FACILITIES AND SERVICES NECESSARY TO CARRY OUT THE EDUCATIONAL MISSION AND FUNCTIONS OF THE COLLEGE. THE CORPORATION SHALL CARRY OUT THIS PURPOSE IN PART BY ENCOURAGING, SOLICITING, RECEIVING, HOLDING, INVESTING AND ADMINISTERING GIFTS OF FUNDS AND PROPERTY, AND MAKING EXPENDITURES TO, OR FOR THE BENEFIT OF, THE COLLEGE.

Activities or mission (Part I)

THE FOUNDATION RAISES FUNDS IN SUPPORT OF 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 $714,494 · Grants $524,957

  • 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 $366,146 · Grants $366,146

As filed on the 2023 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
    $299,666
    From this org
    $0
    From related orgs
    $229,923
    Other
    $69,743
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,923 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,992 related
    Nontaxable benefits
    $0 + $36,751 related
    Filer's total
    $0 + $299,666 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

  • 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

  • FRANK IMPERIAL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL YETTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE BROOKER-LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PHILIP NEEDLES

    VP FOR ENGAGEMENT & STUDEN

    Total calculated
    $284,158
    From this org
    $0
    From related orgs
    $223,484
    Other
    $60,674
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,484 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,583 related
    Nontaxable benefits
    $0 + $36,091 related
    Filer's total
    $0 + $284,158 related

  • QADIM GHANI

    VP FOR FINANCE AND ADMINIS

    Total calculated
    $219,334
    From this org
    $0
    From related orgs
    $185,000
    Other
    $34,334
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,350 related
    Nontaxable benefits
    $0 + $13,984 related
    Filer's total
    $0 + $219,334 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202531329349302083

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

The source document this was parsed from is served over the API, which is where bulk and document access live.