Civic Intelligence

Montgomery College Foundation Inc.

990 • Fiscal year 2014 • EIN 52-1267008

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 09, 2015

Organization ProfileMONTGOMERYCOLLEGE.EDU/FOUNDATION
40 West Gude Drive No 22020850

(240) 567-7381

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.62x

Higher debt load relative to assets than 76% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

94th percentile

5.89x

Higher debt load relative to revenue than 94% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

90th percentile

47%

Higher net margin than 90% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

39th percentile

2.9%

Faster asset growth than 39% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$95,499,219

Up $2,657,551 (+2.9%) from 2013

Net Assets

Up

$35,929,929

Up $4,597,834 (+15%) from 2013

Liabilities

Down

$59,569,290

Down $1,940,283 (-3.2%) from 2013

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin90th percentile

Revenue

$10,115,296

No earlier filing loaded for comparison.

Expenses

Up

$5,311,298

Up $319,681 (+6.4%) from 2013

Net Income

$4,803,998

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $79,923,589Liabilities 2011: $49,329,198Net Assets 2011: $30,594,3912011Assets 2012: $92,473,217Liabilities 2012: $63,684,174Net Assets 2012: $28,789,0432012Assets 2013: $92,841,668Liabilities 2013: $61,509,573Net Assets 2013: $31,332,0952013Assets 2014: $95,499,219Liabilities 2014: $59,569,290Net Assets 2014: $35,929,9292014Assets 2015: $100,202,897Liabilities 2015: $69,233,661Net Assets 2015: $30,969,2362015Assets 2016: $101,620,524Liabilities 2016: $69,378,551Net Assets 2016: $32,241,9732016Assets 2017: $126,554,999Liabilities 2017: $92,617,062Net Assets 2017: $33,937,9372017Assets 2018: $122,235,832Liabilities 2018: $86,867,705Net Assets 2018: $35,368,1272018Assets 2019: $120,180,620Liabilities 2019: $83,627,308Net Assets 2019: $36,553,3122019Assets 2020: $116,484,013Liabilities 2020: $78,611,869Net Assets 2020: $37,872,1442020Assets 2021: $122,079,819Liabilities 2021: $74,891,448Net Assets 2021: $47,188,3712021Assets 2022: $114,232,820Liabilities 2022: $72,624,742Net Assets 2022: $41,608,0782022Assets 2023: $110,856,344Liabilities 2023: $66,592,519Net Assets 2023: $44,263,8252023Assets 2024: $113,406,253Liabilities 2024: $62,524,000Net Assets 2024: $50,882,2532024

Highlighted filing

2014

Assets$95,499,219
Liabilities$59,569,290
Net Assets$35,929,929
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $4,526,5932011Expenses 2012: $5,486,4112012Expenses 2013: $4,991,6172013Revenue 2014: $10,115,296Expenses 2014: $5,311,298Net Income 2014: $4,803,9982014Revenue 2015: $7,000,737Expenses 2015: $10,961,048Net Income 2015: -$3,960,3112015Revenue 2016: $6,856,496Expenses 2016: $5,832,918Net Income 2016: $1,023,5782016Revenue 2017: $6,403,407Expenses 2017: $6,507,273Net Income 2017: -$103,8662017Revenue 2018: $7,997,707Expenses 2018: $7,519,065Net Income 2018: $478,6422018Revenue 2019: $8,143,793Expenses 2019: $7,009,939Net Income 2019: $1,133,8542019Revenue 2020: $10,001,256Expenses 2020: $7,483,657Net Income 2020: $2,517,5992020Revenue 2021: $9,683,948Expenses 2021: $6,857,023Net Income 2021: $2,826,9252021Revenue 2022: $9,502,498Expenses 2022: $6,343,229Net Income 2022: $3,159,2692022Revenue 2023: $7,471,758Expenses 2023: $7,246,628Net Income 2023: $225,1302023Revenue 2024: $12,591,323Expenses 2024: $6,977,348Net Income 2024: $5,613,9752024

Highlighted filing

2014

Revenue$10,115,296
Expenses$5,311,298
Net Income$4,803,998
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 9, 2015
Return Version
2013v4.0
Gross Receipts
$10,245,472
Mission and Program Overview

Mission

The organization supports the educational activities of montgomery college, located in montgomery county, maryland, by providing resources for the college to expand and enhance its contributions to the community.

The organization supports the educational activities of montgomery college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,886,103$24,831,920▲ $3,945,817
Savings and Temporary Cash Investments$8,303,761$8,789,612▲ $485,851
Land, Buildings, and Equipment, Net$2,750,000$2,750,000→ $0
Pledges and Grants Receivable$1,754,482$2,096,772▲ $342,290
Cash and Non-Interest-Bearing Accounts$397,160$357,651▼ $39,509
Prepaid Expenses and Deferred Charges$70,922$39,378▼ $31,544
Accounts Receivable$8,554$5,042▼ $3,512
Total Assets$92,841,668$95,499,219▲ $2,657,551
Other Assets Total$58,670,686$56,628,844▼ $2,041,842
Liabilities
Tax Exempt Bond Liabilities$57,785,000$55,795,000▼ $1,990,000
Other Liabilities$1,879,993$1,768,469▼ $111,524
Deferred Revenue$1,077,310$1,030,509▼ $46,801
Accounts Payable and Accrued Expenses$767,270$975,312▲ $208,042
Total Liabilities$61,509,573$59,569,290▼ $1,940,283
Net Assets / Fund Balance
Permanently Rstr Net Assets$16,688,667$18,305,315▲ $1,616,648
Temporarily Rstr Net Assets$8,392,323$10,937,219▲ $2,544,896
Unrestricted Net Assets$6,251,105$6,687,395▲ $436,290
Total Net Assets Fund Balance$31,332,095$35,929,929▲ $4,597,834
Total Liabilities and Net Assets / Fund Balance$92,841,668$95,499,219▲ $2,657,551

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,750,000-$2,750,000
Other Assets Org$55,795,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$19,469,692$983,397▲ $2,809,706$887,190$22,375,605
2012$17,637,021$746,697▲ $1,925,074$839,100$19,469,692
2011$17,776,600$815,338▼ $226,462$728,455$17,637,021
2010$15,755,560$240,774▲ $2,380,823$600,557$17,776,600
2009$14,559,777$876,144▲ $598,620$278,981$15,755,560
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeOtherTotal
Donna M PinaFinancial DirectorFT$142,428$142,428

Board Members and Trustees

NameTitle
Martin P ColburnChair, Director
Kenneth H BeckerVice Chair, Director
Alexander R M BoyleDirector
Anne L GunsteensDirector
Carol LeahyDirector
Catherine F ScottDirector
Christopher J WhiteDirector
Douglas M FirstenbergDirector
Erica L WebberDirector
Jeffrey Z SlavinDirector
Joseph L HersonDirector
Jstephen Mcauliffe Iii EsqDirector
Kenneth C CookDirector
Michael YuenDirector
R William HardDirector
Roberta F ShulmanDirector
Sally E RudneyDirector
Susanna Nemes PhdDirector
W Gregory WimsDirector
Carol RognrudExecutive Director
Michael S PaukstitusTreasurer, Director
Revenue and Support

Revenue Composition

Contributions and Grants
$4,051,805
Program Service Revenue
$0
Investment Income
$6,059,825
Other Revenue
$3,666
All Other Contributions
$3,830,334
Change in Net Assets
$4,803,998

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$291,618Average of High/low Fair Market Value (FMV)
Other Non Cash Contri Table22$31,491Donor Value
Clothing and Household Goods-$8,500Donor Value
Other Non Cash Contri Table6$5,050Fair Market Value (FMV)
Other Non Cash Contri Table5$803Donor Value
Other Non Cash Contri Table1$630Donor Value
Books and Publications-$301Donor Value
Total Noncash Contributions41$338,393-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,115,296
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$349,753
Total Revenue per Audited Statements
$10,465,049
Total Revenue per Form 990
$10,115,296
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,979,880
Grants and Similar Amounts Paid$2,331,418
Total Fundraising Expense$192,922
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,576,583--$2,576,583
Grants to Domestic Individuals$1,377,302--$1,377,302
Grants to Domestic Orgs$954,116--$954,116
Office Expenses-$18,044$192,922$210,966
Fees for Service Investment Mgmnt Fees-$93,316-$93,316
Fees for Services Other-$43,916-$43,916
Depreciation Depletion-$17,880-$17,880
Fees for Services Accounting-$14,487-$14,487
Insurance-$6,505-$6,505
Fees for Services Legal-$4,983-$4,983
Other Expenses$5,881$3,236-$3,236
Conferences and Meetings-$2,127-$2,127
Total Functional Expenses$4,913,882$204,494$192,922$5,311,298

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,867,215
Expenses per Audited Statements$5,311,298
Total Expenses per Form 990$5,311,298
Expenses Not Reported on Form 990$555,917
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
52-0891845-170(b)(1)(a)(iv)General Support$912,391
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$130,176
Fundraising Gross Income$100,384
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$117,850$59,333$66,753$-7,420
Event 2$14,462$14,462$10,106$4,356
Total Events$132,312$73,795$81,909$-8,114
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$1,205,200
Unamortized Bond Premium$563,269

Bond Issues

BondIssuerIssuedIssue PricePurpose
A52-06947932005-10-20$34,493,620SERIES 2005A BONDS
B52-06947932008-11-20$16,695,506SERIES 2008A BONDS
C52-06947932011-08-01$6,988,453SERIES 2011A BONDS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$33,493,620-$6,860,000$412,210
B$16,733,649-$1,735,000$355,358
C$6,988,453--$372,750

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Kenneth cook and stephen mcauliffe have a business relationship.”

Form 990, Part VI, Section B, Line 11

“The 990 is reviewed by foundation finance staff. Questions and proposed changes are then discussed with the foundation's auditors, and appropriate revisions are made. Foundation finance staff and the foundation's auditors then meet with the foundation's audit committee to review the 990. Changes, if any, are incorporated into the 990 which is then presented to the foundation executive committee for review and recommendation to the foundation board for approval. Changes, if any, are incorporated into the 990 which is then presented to the foundation board for review and approval prior to submission.”

Form 990, Part VI, Section B, Line 12C

“On an annual basis, foundation board members are required to sign a conflict of interest policy statement. In the statement, each member is required to list any potential conflicts. In addition, members recuse themselves from voting on issues where a potential conflict exists.”

Form 990, Part VI, Section C, Line 19

“The foundation makes documents available to the public upon request.”

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

“The organization does not have employees; therefore, these policies do not apply to the foundation.”

Filing and Contact Details

Filer

EIN
52-1267008
Phone
2405677381

Signing Officer

Name
Carol Rognrud
Title
Executive Director
Phone
2405677381
Signed
2015-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Rognrud
Formed
1982
Legal Domicile
Md
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
75

Preparer

Preparer
Melissa Lafferty CPA
Phone
4104530900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from prior year.”

Financial Statement Notes

PART V, LINE 4:

“Endowment funds are used to provide scholarships for students or support for college programs.”

PART X, LINE 2:

“The foundation is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and related state statutes, except as to unrelated business income. The foundation had no unrelated business income for the years ended june 30, 2014 and 2013. Returns for the fiscal years 2011, 2012 and 2013 remain subject to examination by federal and state tax jurisdictions.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 130,176.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 130,176.”

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IRS990/Form990PartVIISectionAGrp/PersonNm10MICHAEL YUEN
IRS990/Form990PartVIISectionAGrp/PersonNm11ROBERTA F SHULMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12ALEXANDER R M BOYLE
IRS990/Form990PartVIISectionAGrp/PersonNm13CAROL LEAHY
IRS990/Form990PartVIISectionAGrp/PersonNm14SUSANNA NEMES PHD
IRS990/Form990PartVIISectionAGrp/PersonNm15ERICA L WEBBER
IRS990/Form990PartVIISectionAGrp/PersonNm16CHRISTOPHER J WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm17SALLY E RUDNEY
IRS990/Form990PartVIISectionAGrp/PersonNm18CATHERINE F SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm19JEFFREY Z SLAVIN
IRS990/Form990PartVIISectionAGrp/PersonNm20DONNA M PINA
IRS990/Form990PartVIISectionAGrp/PersonNm21CAROL ROGNRUD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20104515
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt21132875
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR, DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR, DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER, DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20FINANCIAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt054327
IRS990/FundraisingDirectExpensesAmt0130176
IRS990/FundraisingGrossIncomeAmt0100384
IRS990/GainOrLossGrp/SecuritiesAmt02847441
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GovernmentGrantsAmt0111131
IRS990/GrantAmt01377302
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01377302
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01377302
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0954116
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0954116
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02847441
IRS990/GrossReceiptsAmt010245472
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06505
IRS990/InsuranceGrp/TotalAmt06505
IRS990/InterestGrp/ProgramServicesAmt02576583
IRS990/InterestGrp/TotalAmt02576583
IRS990/InvestmentIncomeGrp/ExclusionAmt03212384
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03212384
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt020886103
IRS990/InvestmentsPubTradedSecGrp/EOYAmt024831920
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02750000
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02750000
IRS990/LandBldgEquipCostOrOtherBssAmt02750000
IRS990/LegalDomicileStateCd0MD
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION SUPPORTS THE EDUCATIONAL ACTIVITIES OF MONTGOMERY COLLEGE, LOCATED IN MONTGOMERY COUNTY, MARYLAND, BY PROVIDING RESOURCES FOR THE COLLEGE TO EXPAND AND ENHANCE ITS CONTRIBUTIONS TO THE COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt031332095
IRS990/NetAssetsOrFundBalancesEOYAmt035929929
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02847441
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02847441
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-29792
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-29792
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-206164
IRS990/NoncashContributionsAmt0333343
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0192922
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018044
IRS990/OfficeExpensesGrp/TotalAmt0210966
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt058670686
IRS990/OtherAssetsTotalGrp/EOYAmt056628844
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0AWARDS & REFRESHMENTS
IRS990/OtherExpensesGrp/Desc1LICENSES & FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03236
IRS990/OtherExpensesGrp/ProgramServicesAmt05881
IRS990/OtherExpensesGrp/TotalAmt05881
IRS990/OtherExpensesGrp/TotalAmt13236
IRS990/OtherLiabilitiesGrp/BOYAmt01879993
IRS990/OtherLiabilitiesGrp/EOYAmt01768469
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt016688667
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt018305315
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01754482
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02096772
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt070922
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt039378
IRS990/PrincipalOfficerNm0CAROL ROGNRUD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0STUDENT AND FACULTY SUPPORT - PROVIDED FINANCIAL SUPPORT FOR MONTGOMERY COLLEGE'S ACADEMIC PROGRAMS BY MAKING BOTH CASH AND NONCASH CONTRIBUTIONS TO THE COLLEGE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01021289
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0931310
IRS990/ProgSrvcAccomActy3Grp/Desc0STUDENT ATHLETICS - REIMBURSED THE MONTGOMERY COLLEGE ATHLETIC DEPARTMENT FOR CERTAIN EXPENSES INCURRED DURING THE YEAR.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt022806
IRS990/ProgSrvcAccomActy3Grp/GrantAmt022806
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02757497
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01934260
IRS990/PYInvestmentIncomeAmt04120058
IRS990/PYOtherExpensesAmt03057357
IRS990/PYOtherRevenueAmt0-2997
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01882941
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt04991617
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06874558
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04803998
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt056013
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt033458
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt033458
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08303761
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08789612
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04051805
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02757497
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02029881
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02149231
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02421362
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt013409776
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0425741
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0364910
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt0393921
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0321917
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt0311274
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt01817763
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03245842
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03145661
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02972268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02632507
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02170891
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014167169
IRS990ScheduleA/PublicSupportCY170Pct00.51800
IRS990ScheduleA/PublicSupportPY170Pct00.47230
IRS990ScheduleA/PublicSupportTotal170Amt015227539
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04477546
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03122407
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02423802
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02471148

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$95,499,219
Liabilities
$59,569,290
Net assets
$35,929,929
Revenue
$10,115,296
Expenses
$5,311,298
Net income
$4,803,998
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$113$62.5$50.9$12.6$6.98$5.61
2023Detailed filing. Detailed filing data is available for this year.$111$66.6$44.3$7.47$7.25$0.23
2022Detailed filing. Detailed filing data is available for this year.$114$72.6$41.6$9.50$6.34$3.16
2021Detailed filing. Detailed filing data is available for this year.$122$74.9$47.2$9.68$6.86$2.83
2020Detailed filing. Detailed filing data is available for this year.$116$78.6$37.9$10.0$7.48$2.52
2019Detailed filing. Detailed filing data is available for this year.$120$83.6$36.6$8.14$7.01$1.13
2018Detailed filing. Detailed filing data is available for this year.$122$86.9$35.4$8.00$7.52$0.48
2017Detailed filing. Detailed filing data is available for this year.$127$92.6$33.9$6.40$6.51$0.10
2016Detailed filing. Detailed filing data is available for this year.$102$69.4$32.2$6.86$5.83$1.02
2015Detailed filing. Detailed filing data is available for this year.$100$69.2$31.0$7.00$11.0$3.96
2014Detailed filing. Detailed filing data is available for this year.$95.5$59.6$35.9$10.1$5.31$4.80
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$92.8$61.5$31.3$4.99
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$92.5$63.7$28.8$5.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.9$49.3$30.6$4.53