MONTGOMERY COLLEGE FOUNDATION INC

As filed

Subsection

03

NTEE code

B41I

Classification

1000

Street

9221 CORPORATE BLVD

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• PINKNEY INNOVATION COMPLEX FOR SCIENCE & TECHNOLOGY AT MONTGOMERY

  EIN 45-3787207

Mission and programs · 2024

• SCHOLARSHIPS:THIS YEAR THE MONTGOMERY COLLEGE FOUNDATION WAS ABLE TO DISTRIBUTE OVER $3.3 MILLION IN SCHOLARSHIP AID TO MORE THAN 2,300 STUDENTS. THIS WOULD NOT HAVE BEEN POSSIBLE WITHOUT THE GENEROSITY AND VISION OF OUR DONORS, WHO RECOGNIZE THAT EDUCATION IS THE KEY TO LIFTING INDIVIDUALS AND FAMILIES OUT OF POVERTY, WHICH IS THE GREATEST BARRIER TO A COLLEGE DEGREE. THROUGH THE GENEROSITY OF OUR DONORS, THE FOUNDATION HAS SUPPORTED NUMEROUS PROGRAMS INCLUDING OUR COMMUNITY-CHANGING ACHIEVING COLLEGIATE EXCELLENCE AND SUCCESS (ACES) PROGRAM, WHICH IS DESIGNED TO REACH THE MOST VULNERABLE STUDENTS IN OUR COMMUNITY. THIS FORWARD-THINKING PROGRAM PROVIDES COACHING SUPPORT TO STUDENTS WHO HAVE BOTH THE DESIRE AND THE CAPACITY TO PURSUE A COLLEGE DEGREE WHILE THEY ARE STILL IN AREA HIGH SCHOOLS IN ORDER TO PREPARE THEM TO ATTEND MONTGOMERY COLLEGE AND, ULTIMATELY, TO RECEIVE THEIR BACHELOR'S DEGREE. THE MONTGOMERY COLLEGE FOUNDATION ALSO PROVIDED SCHOLARSHIPS TO STUDENTS PARTICIPATING IN NURSING AND HEALTHCARE PROGRAMS INCLUDING THOSE IN PURSUIT OF NURSING ASSOCIATES OF SCIENCE DEGREES. THE NURSING & HEALTHCARE PROGRAMS PROVIDE A DYNAMIC LEARNING EXPERIENCE APPLIED TO MEETING THE NEEDS OF INDIVIDUALS THROUGHOUT THE LIFE CYCLE AND ALONG THE HEALTH-ILLNESS CONTINUUM. STUDENTS RECEIVE TRAINING TO PROMOTE WELLNESS, ASSIST WITH RESTORATION AND MAINTENANCE OF HEALTH OR ADAPTATION TO CHRONIC ILLNESS, AND PROVIDE COMFORT TO PATIENTS THROUGH DEDICATED TRAINING IN THE MAJOR AREAS OF NURSING. THE MONTGOMERY COLLEGE FOUNDATION PROVIDED SCHOLARSHIPS TO SUPPORT STUDENTS ENROLLED IN WORKFORCE DEVELOPMENT AND CONTINUING EDUCATION NONCREDIT COURSES, DESIGNED TO ENHANCE BUSINESS AND TECHNICAL SKILLS OR GAIN INDUSTRY CERTIFICATIONS TO ENRICH THE COMMUNITY WORKFORCE. OUR FACULTY AND STAFF ARE DEDICATED TO ENSURING THE COLLEGE FULFILLS ITS MISSION, WHICH IS TO EMPOWER OUR STUDENTS TO CHANGE THEIR LIVES AND ENRICH THE LIFE OF OUR COMMUNITY, AND WE THANK OUR DONORS WHO MAKE THIS POSSIBLE.

  Expenses $3,350,968 · Grants $3,350,968

• FACILITIES EXPANSION SUPPORT:THE PURPOSE OF THE FOUNDATION IS TO RAISE FUNDS FOR THE BENEFIT OF AND TO OTHERWISE SUPPORT MONTGOMERY COLLEGE. IN ADDITION, THE FOUNDATION BORROWS FUNDS ON BEHALF OF THE COLLEGE TO PURCHASE REAL ESTATE FOR THE USE OF THE COLLEGE OR OTHERWISE IN FURTHERANCE OF THE COLLEGE'S MISSION. THE FOUNDATION HAS PROVIDED ASSISTANCE TO THE COLLEGE THROUGH A SERIES OF MUNICIPAL BOND OFFERINGS. THROUGH THESE PROJECTS, THE COLLEGE HAS BEEN ABLE TO BUILD TWO PARKING GARAGES, PURCHASE TWO BUILDINGS FOR OFFICES AND CLASSROOMS, AND REMODEL A BUILDING TO CREATE AN ART CENTER.

  Expenses $1,795,761 · Revenue $2,038,828

• STUDENT AND FACULTY SUPPORT:THIS YEAR THE MONTGOMERY COLLEGE FOUNDATION WAS ABLE TO DISTRIBUTE OVER $1,400,000 IN GRANTS SUPPORTING A VARIETY OF ACADEMIC PROGRAMS THAT REFLECT THE TALENTS AND INTERESTS OF MONTGOMERY COLLEGE'S STUDENT BODY INCLUDING, BUT NOT LIMITED TO, OUR GLOBAL HUMANITIES INSTITUTE (GHI), OUR SOUTHERN MANAGEMENT LEADERSHIP PROGRAM AND OUR MACKLIN BUSINESS INSTITUTE (MBI). GHI WAS CREATED TO ENSURE OUR CURRICULA ARE DEVELOPED WITH A GLOBAL PERSPECTIVE IN ORDER TO PREPARE OUR STUDENTS FOR THE NEEDS OF TODAY'S EMPLOYERS. THIS PROGRAM WAS LAUNCHED AFTER WE SECURED A PRESTIGIOUS CHALLENGE GRANT FROM THE NATIONAL ENDOWMENT FOR THE HUMANITIES, WHICH LED TO THE COLLEGE EMBARKING ON A $1 MILLION FUNDRAISING CAMPAIGN. THE SOUTHERN MANAGEMENT LEADERSHIP PROGRAM IS A SCHOLARSHIP INITIATIVE DESIGNED TO EDUCATE OUR STUDENTS WHO HAVE AN INTEREST IN ENTREPRENEURSHIP AND AN ENTHUSIASM FOR STARTING A BUSINESS VENTURE OR LEADING A COMPANY. THE GOAL OF THIS INNOVATIVE PROGRAM IS TO SUPPORT, DEVELOP, AND GRADUATE ETHICAL LEADERS WHO WANT TO ENERGIZE AND GIVE BACK TO THEIR LOCAL COMMUNITIES. ADDITIONALLY, OUR MACKLIN BUSINESS INSTITUTE PROVIDES ITS BUSINESS STUDENTS WITH AN EXPERIENTIAL LEARNING PROGRAM, PROVIDING A HANDS-ON EXPERIENCE IN THE BUSINESS WORLD WITHIN OUR COMMUNITY. BY COUPLING REAL-LIFE EXPERIENCE WITH WHAT STUDENTS ARE LEARNING IN BUSINESS CLASSES, MBI STUDENTS ARE OFTEN BETTER PREPARED TO SUCCEED WHEN THEY TRANSFER TO TOP BUSINESS SCHOOLS. STUDENTS ALSO HAVE ACCESS TO THE STATE OF THE ART MACKLIN FINANCE LAB, WHERE STUDENTS CAN UTILIZE FINANCIAL SOFTWARE USED IN INVESTMENT BANKS, BROKERAGE HOUSES, AND HEDGE FUNDS ON WALL STREET. THIS EXTRAORDINARY OPPORTUNITY FOR STUDENTS IN A COMMUNITY COLLEGE SETTING WAS MADE POSSIBLE THROUGH A $1.22 MILLION DONATION FROM THE MACKLIN FOUNDATION. THE MONTGOMERY COLLEGE FOUNDATION CONTINUES TO SUPPORT STUDENT WITH EMERGENCY NEEDS. THIS YEAR MORE THAN $130,000 WAS PROVIDED IN EMERGENCY ASSISTANCE.

  Expenses $1,430,777 · Grants $1,430,777

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $9,776,336

  Expenses

  $7,291,051

  Contributions

  $5,344,307

  Grants paid

  $4,781,745

• 2023

  Revenue

  $12,591,323

  Expenses

  $6,977,348

  Contributions

  $6,641,254

  Grants paid

  $4,372,695

• 2022

  Revenue

  $7,471,758

  Expenses

  $7,246,628

  Contributions

  $4,786,797

  Grants paid

  $4,255,891

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $9,502,498

  Expenses

  $6,343,229

  Assets (EOY)

  $114,232,820

• 2020 · 990

  Revenue

  $9,683,948

  Expenses

  $6,857,023

  Assets (EOY)

  $122,079,819

• 2019 · 990

  Revenue

  $10,001,256

  Expenses

  $7,483,657

  Assets (EOY)

  $116,484,013

• 2018 · 990

  Revenue

  $8,143,793

  Expenses

  $7,009,939

  Assets (EOY)

  $120,180,620

• 2017 · 990

  Revenue

  $7,997,707

  Expenses

  $7,519,065

  Assets (EOY)

  $122,235,832

• 2016 · 990

  Revenue

  $6,403,407

  Expenses

  $6,507,273

  Assets (EOY)

  $126,554,999

• 2015 · 990

  Revenue

  $6,856,496

  Expenses

  $5,832,918

  Assets (EOY)

  $101,620,524

• 2014 · 990

  Revenue

  $7,000,737

  Expenses

  $10,961,048

  Assets (EOY)

  $100,202,897

• 2013 · 990

  Revenue

  $10,115,296

  Expenses

  $5,311,298

  Assets (EOY)

  $95,499,219

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $4,991,617

  Assets (EOY)

  $92,841,668

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• MONTGOMERY COLLEGE

  $1,342,060

  2023 · SUPPORT OF COLLEGE INITIATIVES

• MONTGOMERY COLLEGE

  $882,505

  2024 · SUPPORT OF COLLEGE INITIATIVES

• MONTGOMERY COLLEGE

  $806,035

  2022 · SUPPORT OF COLLEGE INITIATIVES

Where these grants went next →

Grants received

• IMPACTASSETS INC

  $153,700

  2023 · LONGVIEW ACES PATHWAY SCHOLARSHIP.

• IMPACTASSETS INC

  $153,200

  2022 · LONGVIEW ACES PATHWAY SCHOLARSHIP

• ADVENTIST HEALTHCARE INC

  $139,930

  2024 · TO SUPPORT A SCHOLARSHIP FOR MONTGOMERY COLLEGE NURSING STUDENTS.

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $128,375

  2024 · For grant recipient's exempt purposes

• GREATER WASHINGTON COMMUNITY FOUNDATION

  $120,000

  2022 · General Support

• GREATER WASHINGTON COMMUNITY FOUNDATION

  $114,065

  2023 · Scholarship

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $105,900

  2023 · For grant recipient's exempt purposes

• AMERICAN ONLINE GIVING FOUNDATION INC

  $103,809

  2023 · GENERAL SUPPORT

• AMERICAN ONLINE GIVING FOUNDATION INC

  $101,561

  2024 · GENERAL SUPPORT

• HOLY CROSS HEALTH INC

  $100,000

  2023 · SUPPORT MONTGOMERY COLLEGE TO ACHIEVE EDUCATIONAL GOALS

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Other IRS files