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Nonprofiteer
← MONTGOMERY COUNTY FOUNDATION

Form 990 for tax year 2023

Filed by MONTGOMERY COUNTY FOUNDATION.

Totals

Total revenue
$478,698
Total expenses
$505,363
Contributions and grants received
$0
Grants paid
$505,150
Program service revenue
$0
Investment income
$478,698
Other revenue
$0
Total assets, end of year
$12,337,739
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$12,337,739
Program services expenses (Part IX)
$505,363
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$505,363

Program services were 100.0% 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.

  • 3 · Investment income

    total $208,975 · excluded $208,975

  • 7a · Gross sales of assets other than inventory

    securities $4,320,553

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

    securities $4,050,830

  • 7c · Gain or loss

    securities $269,723

  • 7d · Net gain or loss

    total $269,723 · related or exempt $269,723

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $462,850 · program services $462,850

  • 2 · Grants to domestic individuals

    total $42,300 · program services $42,300

  • 13 · Office expenses

    total $213 · program services $213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $341,936 · end of year $377,435

  • 2 · Savings and temporary cash investments

    beginning of year $515,011 · end of year $404,567

  • 11 · Investments: publicly traded securities

    beginning of year $10,199,867 · end of year $11,555,737

  • 27 · Net assets without donor restrictions

    beginning of year $11,056,814 · end of year $12,337,739

Mission and programs · 2023

Mission

TO DEVELOP, RECEIVE, ADMINISTER AND MANAGE, UNDER COMMUNITY CONTROL, FUNDS RECEIVED FROM PUBLIC AND PRIVATE SOURCES AND DISTRIBUTE THEM FOR CHARITABLE PURPOSES, PRIMARILY TO MEET LOCAL NEEDS. THROUGH THEIR MISSION, THE FOUNDATION MANAGES CHARITABLE FUNDS, DISTRIBUTES REVENUE AND PORTIONS OF PRINCIPAL, WHEN PERMITTED, CONSISTENT WITH DONORS' SPECIFIC AND GENERAL INTERESTS. THIS PROCESS ASSISTS IN MAINTAINING AND ENHANCING THE EDUCATIONAL, SOCIAL, CULTURAL, HEALTH AND CIVIC RESOURCES OF THE COMMUNITY.

  • THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE FOR A WIDE RANGE OF COMMUNITY NEEDS THAT INCLUDE EDUCATION, HEALTH AND HUMAN SERVICES, AND CULTURAL GROUPS SERVING RESIDENTS OF MONTGOMERY COUNTY. THE FOUNDATION IS A COMMUNITY FOUNDATION AND A "CATALYST FOR COMMUNITY SOLUTIONS". THROUGH COLLABORATIVE EFFORTS, THE FOUNDATION ASSISTS IN CONVENING INDIVIDUALS, AGENCIES, AND GROUPS TO STRENGTHEN COMMUNITIES BY ADDRESSING IMPORTANT ISSUES IDENTIFIED THROUGH RESEARCH PROJECTS AND COMMUNITY GROUPS.

    Expenses $505,363 · Grants $505,150

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DR THURMAN D BOOKER

    DISTRIBUTION COMMITTEE MEM

    Total calculated
    $0
    Hours/week
    1

  • CINDY DICCIANNI

    DISTRIBUTION COMMITTEE MEM

    Total calculated
    $0
    Hours/week
    1

  • HARVEY STRAUSS

    DISTRIBUTION COMMITTEE MEM

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM L LANDSBURG ESQ

    DISTRIBUTION COMMITTEE MEM

    Total calculated
    $0
    Hours/week
    1

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

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
8 May 2024
IRS schema version
2023v5.0
Source object
202411339349300236

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

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