Form 990 for tax year 2023
Filed by MONTGOMERY COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $776,796
- Total expenses
- $262,128
- Contributions and grants received
- $272,200
- Grants paid
- $199,307
- Program service revenue
- $0
- Investment income
- $537,326
- Other revenue
- -$32,730
- Total assets, end of year
- $5,021,693
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $5,021,693
- Program services expenses (Part IX)
- $199,307
- Management and general expenses
- $62,821
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $199,307
Program services were 76.0% 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.
-
1c · Fundraising events
$83,863
-
1f · All other contributions, gifts and grants
$188,337
-
1g · Noncash contributions included above
$1,500
-
3 · Investment income
total $128,410 · excluded $128,410
-
7a · Gross sales of assets other than inventory
securities $408,916
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $408,916
-
7d · Net gain or loss
total $408,916 · excluded $408,916
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$83,863
-
8b · Fundraising events: direct expenses
$32,730
-
8c · Net income from fundraising events
total -$32,730 · excluded -$32,730
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $45,954 · program services $45,954
-
2 · Grants to domestic individuals
total $153,353 · program services $153,353
-
11c · Fees: accounting
total $3,950 · management and general $3,950
-
11f · Fees: investment management
total $36,055 · management and general $36,055
-
11g · Fees: other
total $11,820 · management and general $11,820
-
13 · Office expenses
total $174 · management and general $174
-
19 · Conferences, conventions and meetings
total $177 · management and general $177
-
23 · Insurance
total $1,111 · management and general $1,111
-
24a · Other expenses: MISCELLANEOUS
total $7,791 · management and general $7,791
-
24b · Other expenses: ALUMNI PROGRAM
total $843 · management and general $843
-
24c · Other expenses: PROFESSIONAL DEV.
total $750 · management and general $750
-
24d · Other expenses: DIVERSITY DAYS
total $150 · management and general $150
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $124,275 · end of year $165,775
-
2 · Savings and temporary cash investments
beginning of year $255,295 · end of year $376,888
-
3 · Pledges and grants receivable
beginning of year $6,825
-
11 · Investments: publicly traded securities
beginning of year $4,012,434 · end of year $4,479,030
-
27 · Net assets without donor restrictions
beginning of year $124,275 · end of year $165,775
-
28 · Net assets with donor restrictions
beginning of year $4,274,554 · end of year $4,855,918
Mission and programs · 2023
Mission
THE PURPOSE OF THE FOUNDATION IS TO FOSTER PUBLIC UNDERSTANDING AND SUPPORT FOR MONTGOMERY COMMUNITY COLLEGE, AND TO SOLICIT AND PROMOTE DONATIONS OF ANY KIND FOR THE EXCLUSIVE USE OF MONTGOMERY COMMUNITY COLLEGE.
-
PROVIDING FINANCIAL ASSISTANCE TO STUDENTS ATTENDING MONTGOMERY COMMUNITY COLLEGE.
Expenses $153,353 · Grants $153,353
-
CONTRIBUTIONS TO MONTGOMERY COMMUNITY COLLEGE FOR THE SUPPORT OF VARIOUS COLLEGE PROGRAMS.
Expenses $45,954 · Grants $45,954
As filed on the 2023 return.
Listed in Part VII
-
Jean AbbottJEAN ABBOTT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Chad BledsoeCHAD BLEDSOE
SECRETARY
- Total calculated
- $233,727
- From this org
- $0
- From related orgs
- $182,806
- Other
- $50,921
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $171,713 related
- Bonus
- $0 + $11,093 related
- Other
- $0
- Deferred
- $0 + $43,274 related
- Nontaxable benefits
- $0 + $7,647 related
- Filer's total
- $0 + $233,727 related
-
Jeanette McBrideJEANETTE MCBRIDE
TREASURER
- Total calculated
- $145,484
- From this org
- $0
- From related orgs
- $110,984
- Other
- $34,500
- Hours/week
- 1 + 40 related
-
Emily TuckerEMILY TUCKER
DIRECTOR
- Total calculated
- $36,009
- From this org
- $0
- From related orgs
- $26,139
- Other
- $9,870
- Hours/week
- 1 + 40 related
-
Mike CollinsMIKE COLLINS
DIRECTOR
- Total calculated
- $87,460
- From this org
- $0
- From related orgs
- $64,144
- Other
- $23,316
- Hours/week
- 1 + 40 related
-
Angie SasserANGIE SASSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Claudia BulthiusCLAUDIA BULTHIUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Will CarpenterWILL CARPENTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Katherine DunlapKATHERINE DUNLAP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rosemary HuntleyROSEMARY HUNTLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gordon KnowlesGORDON KNOWLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff JordanJEFF JORDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Earl LeakeEARL LEAKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea MarshallANDREA MARSHALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
D Gary McRaeD GARY MCRAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave OdomDAVE ODOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer ThompsonJENNIFER THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sasha EurySASHA EURY
DIRECTOR
- 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. 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
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 COMMUNITY COLLEGE
$45,954
TO SUPPORT THE STUDENTS, TEACHERS, PROGRAMS, AND MISSIONS OF THE COLLEGE.
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 COMMUNITY COLLEGE
501(C)(3) · SCHOOL · NC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541279349302559
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