Civic Intelligence

Montgomery College Foundation Inc.

990 • Fiscal year 2015 • EIN 52-1267008

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 04, 2016

Organization ProfileMONTGOMERYCOLLEGE.EDU/FOUNDATION
40 West Gude Drive No 220Rockville, MD 20850

(240) 567-7381

Siviq Scores

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

Liabilities / Assets

77th percentile

0.69x

Higher debt load relative to assets than 77% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

9.89x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Net Margin

3rd percentile

-57%

Higher net margin than 3% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

7th percentile

$159,194

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Asset Growth

66th percentile

4.9%

Faster asset growth than 66% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

8th percentile

-31%

Faster revenue growth than 8% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$100,202,897

Up $4,703,678 (+4.9%) from 2014

Net Assets

Down

$30,969,236

Down $4,960,693 (-14%) from 2014

Liabilities

Up

$69,233,661

Up $9,664,371 (+16%) from 2014

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin3rd percentile

Revenue

Down

$7,000,737

Down $3,114,559 (-31%) from 2014

Expenses

Up

$10,961,048

Up $5,649,750 (+106%) from 2014

Net Income

Down

-$3,960,311

Down $8,764,309 (-182%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth66th 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

2015

Assets$100,202,897
Liabilities$69,233,661
Net Assets$30,969,236
Open 2015 Filing

Operations Trend

Revenue Growth8th percentile

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

2015

Revenue$7,000,737
Expenses$10,961,048
Net Income-$3,960,311
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 4, 2016
Return Version
2014v6.0
Gross Receipts
$7,104,394
Mission and Program Overview

Mission

Montgomery college foundation provides critical financial and non-financial resources in advancing the montgomery college mission to transform student lives and enrich the diverse communities it serves.

The organization supports the educational activities of montgomery college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$24,831,920$24,868,244▲ $36,324
Savings and Temporary Cash Investments$8,789,612$17,996,149▲ $9,206,537
Land, Buildings, and Equipment, Net$2,750,000$2,750,000→ $0
Pledges and Grants Receivable$2,096,772$2,641,590▲ $544,818
Cash and Non-Interest-Bearing Accounts$357,651$616,488▲ $258,837
Accounts Receivable$5,042$39,843▲ $34,801
Prepaid Expenses and Deferred Charges$39,378$24,991▼ $14,387
Total Assets$95,499,219$100,202,897▲ $4,703,678
Other Assets Total$56,628,844$51,265,592▼ $5,363,252
Liabilities
Tax Exempt Bond Liabilities$47,545,000$56,655,000▲ $9,110,000
Mortgage Notes Payable Secured by Investment Property$8,250,000$7,280,000▼ $970,000
Other Liabilities$1,768,469$4,766,102▲ $2,997,633
Deferred Revenue$1,030,509--
Accounts Payable and Accrued Expenses$975,312$532,559▼ $442,753
Total Liabilities$59,569,290$69,233,661▲ $9,664,371
Net Assets / Fund Balance
Permanently Rstr Net Assets$18,305,315$19,760,607▲ $1,455,292
Temporarily Rstr Net Assets$10,937,219$9,584,933▼ $1,352,286
Unrestricted Net Assets$6,687,395$1,623,696▼ $5,063,699
Total Net Assets Fund Balance$35,929,929$30,969,236▼ $4,960,693
Total Liabilities and Net Assets / Fund Balance$95,499,219$100,202,897▲ $4,703,678

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,750,000-$2,750,000
Other Assets Org$50,275,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$22,375,605$1,015,067▲ $39,326$995,436$22,434,562
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
Compensation and Service Providers
Top Officer Pay7th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Donna M PinaFinancial DirectorFT$137,569$137,569

Board Members and Trustees

NameTitle
Martin P ColburnChairman
Douglas M FirstenbergPast Chair
Kenneth H BeckerVice Chair
Alexander R M BoyleDirector
Anne L GunsteensDirector
Catherine F ScottDirector
Christopher J WhiteDirector
Erica L WebberDirector
Jeffrey Z SlavinDirector
Jstephen Mcauliffe Iii EsqDirector
Kenneth C CookDirector
Linda a YoungentobDirector
M Jerome LeonardDirector
Michael YuenDirector
Morgan H SullivanDirector
R William HardDirector
Richard BeallDirector
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
$3,571,099
Program Service Revenue
$0
Investment Income
$3,404,226
Other Revenue
$25,412
All Other Contributions
$3,506,067
Change in Net Assets
$-3,960,311

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 Traded10$78,151Average of High/low Fair Market Value (FMV)
Works of Art5$29,750-
Clothing and Household Goods-$26,248Donor Value
Other Non Cash Contri Table1$10,000Donor Value
Other Non Cash Contri Table2$4,275Donor Value
Other Non Cash Contri Table2$1,501Donor Value
Other Non Cash Contri Table1$1,000Donor Value
Other Non Cash Contri Table2$1,000Donor Value
Other Non Cash Contri Table3$812Donor Value
Books and Publications-$291Donor Value
Total Noncash Contributions26$153,028-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,949,437
Revenue Not Reported on Financial Statements
$51,300
Revenue Not Reported on Form 990
$-413,803
Other Revenue Adjustments
$51,300
Total Revenue per Audited Statements
$6,535,634
Total Revenue per Form 990
$7,000,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,681,590
Grants and Similar Amounts Paid$3,279,458
Total Fundraising Expense$189,628
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,672,385--$2,672,385
Grants to Domestic Individuals$1,837,549--$1,837,549
Grants to Domestic Orgs$1,441,909--$1,441,909
Office Expenses-$18,072$189,628$207,700
Fees for Service Investment Mgmnt Fees-$83,137-$83,137
Fees for Services Other-$45,850-$45,850
Depreciation Depletion-$41,277-$41,277
Fees for Services Legal-$21,594-$21,594
Fees for Services Accounting-$19,190-$19,190
Conferences and Meetings-$6,794-$6,794
Insurance-$6,505-$6,505
Other Expenses$4,569,618$3,170-$3,170
Total Functional Expenses$10,521,461$249,959$189,628$10,961,048

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,496,327
Total Expenses per Form 990$10,961,048
Expenses per Audited Statements$10,909,748
Expenses Not Reported on Form 990$586,579
Expenses Not Reported on Financial Statements$51,300
Other Expense Adjustments$51,300
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Montgomery CollegeRockville, MD170(b)(1)(a)(iv)General Support$1,383,307
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$103,657
Fundraising Gross Income$97,981
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$132,255$67,223$59,843$7,380
Alumni Assoc. Events$30,758$30,758$27,539$3,219
Total Events$163,013$97,981$103,657$-5,676
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unamortized Bond Premium$3,615,564
Annuities Payable$1,150,538

Bond Issues

BondIssuerIssuedIssue PricePurpose
CMontgomery County Revenue Authority2015-06-23$29,666,104SERIES 2015 BONDS
BMontgomery County Revenue Authority2014-11-19$24,765,089SERIES 2014 BONDS
AMontgomery County Revenue Authority2011-08-01$6,988,453SERIES 2011A BONDS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$29,666,104--$457,813
B$24,765,089--$380,345
A$6,988,453-$1,080,000$372,750

Bond Financing Compliance

No rebate due
No
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 governance/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 prior to submission. Changes, if any, are incorporated into the 990 which is then presented to the foundation board for review and final 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

Filer Name
Montgomery College Foundation Inc
EIN
52-1267008
Phone
2405677381
Address
40 WEST GUDE DRIVE NO 220, ROCKVILLE, MD 20850

Signing Officer

Name
Carol Rognrud
Title
Executive Director
Phone
2405677381
Signed
2016-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Rognrud
Formed
1982
Legal Domicile
Md
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
75

Preparer

Firm
Cliftonlarsonallen Llp
Address
1966 GREENSPRING DRIVE, TIMONIUM, MD 21093-4161
Preparer
Melissa Arnie 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 XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 103,657.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Realized deferred revenue 51,300.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 103,657.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Realized deferred revenue 51,300.”

Raw XML AppendixShowing 400 of 848 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0975312
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0532559
IRS990/AccountsReceivableGrp/BOYAmt05042
IRS990/AccountsReceivableGrp/EOYAmt039843
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ORGANIZATION SUPPORTS THE EDUCATIONAL ACTIVITIES OF MONTGOMERY COLLEGE.
IRS990/AllOtherContributionsAmt03506067
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0DONNA PINA
IRS990/BooksInCareOfDetail/PhoneNum02405677381
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt040 WEST GUDE DR 220
IRS990/BooksInCareOfDetail/USAddress/CityNm0ROCKVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020850
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0357651
IRS990/CashNonInterestBearingGrp/EOYAmt0616488
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt06794
IRS990/ConferencesMeetingsGrp/TotalAmt06794
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContriRptFundraisingEventAmt065032
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03571099
IRS990/CYGrantsAndSimilarPaidAmt03279458
IRS990/CYInvestmentIncomeAmt03404226
IRS990/CYOtherExpensesAmt07681590
IRS990/CYOtherRevenueAmt025412
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-3960311
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt010961048
IRS990/CYTotalFundraisingExpenseAmt0189628
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07000737
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DeferredRevenueGrp/BOYAmt01030509
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt041277
IRS990/DepreciationDepletionGrp/TotalAmt041277
IRS990/Desc0FACILITIES 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 A PARKING GARAGE, PURCHASE A BUILDING FOR OFFICES AND CLASSROOMS AND REMODEL A BUILDING TO CREATE AN ART CENTER. IN ADDITION TO THE INTEREST EXPENSE PAID TO THE BOND HOLDERS IN FY15, THE FOUNDATION INCURRED $4.5 MILLION IN NOTE SAVINGS BY REFINANCING THE BONDS RELATED TO THESE CAPITAL EXPANSION PROJECTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd01
IRS990/ExpenseAmt07242003
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt019190
IRS990/FeesForServicesAccountingGrp/TotalAmt019190
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt021594
IRS990/FeesForServicesLegalGrp/TotalAmt021594
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt045850
IRS990/FeesForServicesOtherGrp/TotalAmt045850
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt083137
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt083137
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt181.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt191.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt201.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt211.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2340.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2224601
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2316244
IRS990/Form990PartVIISectionAGrp/PersonNm0KENNETH H BECKER
IRS990/Form990PartVIISectionAGrp/PersonNm1MARTIN P COLBURN
IRS990/Form990PartVIISectionAGrp/PersonNm2KENNETH C COOK
IRS990/Form990PartVIISectionAGrp/PersonNm3DOUGLAS M FIRSTENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm4R WILLIAM HARD
IRS990/Form990PartVIISectionAGrp/PersonNm5JSTEPHEN MCAULIFFE III ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm6W GREGORY WIMS
IRS990/Form990PartVIISectionAGrp/PersonNm7ANNE L GUNSTEENS
IRS990/Form990PartVIISectionAGrp/PersonNm8MICHAEL S PAUKSTITUS
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL YUEN
IRS990/Form990PartVIISectionAGrp/PersonNm10ROBERTA F SHULMAN
IRS990/Form990PartVIISectionAGrp/PersonNm11ALEXANDER R M BOYLE
IRS990/Form990PartVIISectionAGrp/PersonNm12SUSANNA NEMES PHD
IRS990/Form990PartVIISectionAGrp/PersonNm13ERICA L WEBBER
IRS990/Form990PartVIISectionAGrp/PersonNm14CHRISTOPHER J WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm15SALLY E RUDNEY
IRS990/Form990PartVIISectionAGrp/PersonNm16CATHERINE F SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm17JEFFREY Z SLAVIN
IRS990/Form990PartVIISectionAGrp/PersonNm18RICHARD BEALL
IRS990/Form990PartVIISectionAGrp/PersonNm19M JEROME LEONARD
IRS990/Form990PartVIISectionAGrp/PersonNm20MORGAN H SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm21LINDA A YOUNGENTOB
IRS990/Form990PartVIISectionAGrp/PersonNm22DONNA M PINA
IRS990/Form990PartVIISectionAGrp/PersonNm23CAROL 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/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
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/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt22112968
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt23142950
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER, DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22FINANCIAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt065032
IRS990/FundraisingDirectExpensesAmt0103657
IRS990/FundraisingGrossIncomeAmt097981
IRS990/GainOrLossGrp/SecuritiesAmt0474779
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01837549
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01837549
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01441909
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01441909
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0474779
IRS990/GrossReceiptsAmt07104394
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06505
IRS990/InsuranceGrp/TotalAmt06505
IRS990/InterestGrp/ProgramServicesAmt02672385
IRS990/InterestGrp/TotalAmt02672385
IRS990/InvestmentIncomeGrp/ExclusionAmt02929447
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02929447
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt024831920
IRS990/InvestmentsPubTradedSecGrp/EOYAmt024868244
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt06
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/MortgNotesPyblScrdInvstPropGrp/BOYAmt08250000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07280000
IRS990/NetAssetsOrFundBalancesBOYAmt035929929
IRS990/NetAssetsOrFundBalancesEOYAmt030969236
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0474779
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0474779
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-5676
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-5676
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1000382
IRS990/NoncashContributionsAmt0153028
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0189628
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018072
IRS990/OfficeExpensesGrp/TotalAmt0207700
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt056628844
IRS990/OtherAssetsTotalGrp/EOYAmt051265592
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BOND REFUNDING LOSS
IRS990/OtherExpensesGrp/Desc1AWARDS & REFRESHMENTS
IRS990/OtherExpensesGrp/Desc2LICENSES & FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04370
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13170
IRS990/OtherExpensesGrp/ProgramServicesAmt04569618
IRS990/OtherExpensesGrp/TotalAmt04569618
IRS990/OtherExpensesGrp/TotalAmt14370
IRS990/OtherExpensesGrp/TotalAmt23170
IRS990/OtherLiabilitiesGrp/BOYAmt01768469
IRS990/OtherLiabilitiesGrp/EOYAmt04766102
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt018305315
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt019760607
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02096772
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02641590
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039378
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024991
IRS990/PrincipalOfficerNm0CAROL ROGNRUD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS - THIS YEAR THE MONTGOMERY COLLEGE FOUNDATION WAS ABLE TO DISTRIBUTE MORE THAN $1.8 MILLION IN SCHOLARSHIP AID TO 1,634 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 - INCLUDING FIRST GENERATION, AFRICAN AMERICAN, HISPANIC, AS WELL AS THOSE WHO WILL BE THE FIRST IN THEIR FAMILY TO ATTEND COLLEGE. 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. 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01837549
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01837549
IRS990/ProgSrvcAccomActy3Grp/Desc0STUDENT AND FACULTY SUPPORT - WE RAISED $1,417,940 FROM 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 HILLMAN ENTREPRENEURS 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 HILLMAN ENTREPRENEURS 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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01417940
IRS990/ProgSrvcAccomActy3Grp/GrantAmt01417940
IRS990/ProgSrvcAccomActyOtherGrp/Desc0STUDENT ATHLETICS - REIMBURSED THE MONTGOMERY COLLEGE ATHLETIC DEPARTMENT FOR CERTAIN EXPENSES INCURRED DURING THE YEAR.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt023969
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt023969
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04051805
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02331418
IRS990/PYInvestmentIncomeAmt06059825
IRS990/PYOtherExpensesAmt02979880
IRS990/PYOtherRevenueAmt03666
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt04803998
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05311298
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010115296
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-3960311
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt031088
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt031088
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08789612
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017996149
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03710059
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04051805
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02757497
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02029881
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02149231
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014698473
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0482922

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$100,202,897
Liabilities
$69,233,661
Net assets
$30,969,236
Revenue
$7,000,737
Expenses
$10,961,048
Net income
-$3,960,311
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