Civic Intelligence

Montgomery County Parks Foundation Inc.

990 • Fiscal year 2021 • EIN 52-1788782

Jan 01, 2021 to Dec 31, 2021 • Filed on May 09, 2022

2425 Reedie Drive 12th FloorWheaton, MD 20902

(301) 495-2490

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.01x

Higher debt load relative to assets than 33% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

36th percentile

0.03x

Higher debt load relative to revenue than 36% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

86th percentile

48%

Higher net margin than 86% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

75th percentile

$113,849

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 14.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

74th percentile

26%

Faster asset growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

59th percentile

21%

Faster revenue growth than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,876,149

Up $390,005 (+26%) from 2020

Net Assets

Up

$1,849,050

Up $389,598 (+27%) from 2020

Liabilities

Up

$27,099

Up $407 (+1.5%) from 2020

Revenue

Up

$805,813

Up $140,493 (+21%) from 2020

Expenses

Up

$416,215

Up $110,299 (+36%) from 2020

Net Income

Up

$389,598

Up $30,194 (+8.4%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $101,973Liabilities 2011: $2,284Net Assets 2011: $99,6892011Assets 2012: $438,857Liabilities 2012: $12,730Net Assets 2012: $426,1272012Assets 2013: $680,961Liabilities 2013: $19,544Net Assets 2013: $661,4172013Assets 2014: $1,989,627Liabilities 2014: $47,189Net Assets 2014: $1,942,4382014Assets 2015: $2,205,396Liabilities 2015: $17,415Net Assets 2015: $2,187,9812015Assets 2016: $1,348,263Liabilities 2016: $195,377Net Assets 2016: $1,152,8862016Assets 2017: $1,367,982Liabilities 2017: $39,878Net Assets 2017: $1,328,1042017Assets 2018: $959,572Liabilities 2018: $14,272Net Assets 2018: $945,3002018Assets 2019: $1,116,675Liabilities 2019: $16,627Net Assets 2019: $1,100,0482019Assets 2020: $1,486,144Liabilities 2020: $26,692Net Assets 2020: $1,459,4522020Assets 2021: $1,876,149Liabilities 2021: $27,099Net Assets 2021: $1,849,0502021Assets 2022: $2,125,662Liabilities 2022: $39,235Net Assets 2022: $2,086,4272022Assets 2023: $2,379,640Liabilities 2023: $48,166Net Assets 2023: $2,331,4742023Assets 2024: $2,362,958Liabilities 2024: $65,107Net Assets 2024: $2,297,8512024

Highlighted filing

2021

Assets$1,876,149
Liabilities$27,099
Net Assets$1,849,050

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $99,601Expenses 2011: $14,486Net Income 2011: $85,1152011Expenses 2012: $88,8722012Revenue 2013: $574,451Expenses 2013: $339,161Net Income 2013: $235,2902013Revenue 2014: $1,685,724Expenses 2014: $405,939Net Income 2014: $1,279,7852014Revenue 2015: $561,175Expenses 2015: $300,318Net Income 2015: $260,8572015Revenue 2016: $505,786Expenses 2016: $1,549,662Net Income 2016: -$1,043,8762016Revenue 2017: $816,043Expenses 2017: $656,876Net Income 2017: $159,1672017Revenue 2018: $779,119Expenses 2018: $1,124,747Net Income 2018: -$345,6282018Revenue 2019: $721,149Expenses 2019: $566,401Net Income 2019: $154,7482019Revenue 2020: $665,320Expenses 2020: $305,916Net Income 2020: $359,4042020Revenue 2021: $805,813Expenses 2021: $416,215Net Income 2021: $389,5982021Revenue 2022: $648,544Expenses 2022: $411,165Net Income 2022: $237,3792022Revenue 2023: $650,089Expenses 2023: $436,620Net Income 2023: $213,4692023Revenue 2024: $803,001Expenses 2024: $847,482Net Income 2024: -$44,4812024

Highlighted filing

2021

Revenue$805,813
Expenses$416,215
Net Income$389,598
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 9, 2022
Return Version
2021v4.2
Gross Receipts
$805,813
Mission and Program Overview

Mission

To lessen the burdens of government while serving and providing facilities for the residents of Montgomery County, Maryland by using private funding sources to promote and advance the acquisition, protection, use and development of park land located in Montgomery County, Maryland and owned/or operated by M-NCPPC (the "Montgomery Park System").

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,180,890$1,796,042▲ $615,152
Savings and Temporary Cash Investments$172,495$0▼ $172,495
Pledges and Grants Receivable$131,740$79,071▼ $52,669
Prepaid Expenses and Deferred Charges$1,019$1,036▲ $17
Total Assets$1,486,144$1,876,149▲ $390,005
Liabilities
Accounts Payable and Accrued Expenses$26,692$27,099▲ $407
Total Liabilities$26,692$27,099▲ $407
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,342,519$1,667,541▲ $325,022
Net Assets Without Donor Restrictions$116,933$181,509▲ $64,576
Total Net Assets Fund Balance$1,459,452$1,849,050▲ $389,598
Total Liabilities and Net Assets / Fund Balance$1,486,144$1,876,149▲ $390,005
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Katie RictorExecutive DirectorFT$113,849$113,849

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$804,097
Program Service Revenue
$0
Investment Income
$1,716
Other Revenue
$0
All Other Contributions
$804,097
Change in Net Assets
$389,598

Audited Revenue Reconciliation

Revenue per Audited Statements
$805,813
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$413,699
Total Revenue per Audited Statements
$1,219,512
Total Revenue per Form 990
$805,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$416,215
Total Fundraising Expense$8,645
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$7,615$15,000$7,613$15,000
Office Expenses-$2,669$1,032$3,701
Insurance-$1,248-$1,248
Total Functional Expenses$353,715$53,855$8,645$416,215

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$829,914
Expenses per Audited Statements$416,215
Total Expenses per Form 990$416,215
Expenses Not Reported on Form 990$413,699
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
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 35% controlled entity
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A draft of the form 990 was reviewed by the executive director and board officers prior to filing.

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

Disclosure is required annually at a meeting of the full board

Form 990, Part VI, Section C, Line 19

Governing documents, policies and financial statements are available on the organization`s website.

Filing and Contact Details

Filer

Filer Name
Montgomery County Park Foundation Inc
EIN
52-1788782
Phone
3014952490
Address
2425 REEDIE DRIVE 12TH FLOOR, WHEATON, MD 20902

Signing Officer

Name
Katie Rictor
Title
Executive Director
Phone
3014952490
Signed
2022-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katie Rictor
Formed
1992
Legal Domicile
Md
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Sb & Company
Address
10200 GRAND CENTRAL AVE SUITE 250, OWINGS MILLS, MD 21117
Preparer
Christopher G Lehman
Phone
4105840060
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process hasn't been changed from prior year.

Financial Statement Notes

PART X, LINE 2:

Uncertain tax positions - as of december 31, 2021 the foundation had no uncertain tax positions that qualify for either recongnition or disclosure in the financial statements. The tax years subject to examination by the taxing authorities are the years ended december 31, 2018 through 2021.

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

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IRS990ScheduleA/PublicSupportCY170Pct00.88660
IRS990ScheduleA/PublicSupportPY170Pct00.87190
IRS990ScheduleA/PublicSupportTotal170Amt02985666
IRS990ScheduleA/SubstantialContributorsTotAmt0352651
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0804097
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0243238
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0712355
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0765970
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0812657
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03338317
IRS990ScheduleA/TotalSupportAmt03367444
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0413699
IRS990ScheduleD/DonatedServicesUseFcltsAmt0413699
IRS990ScheduleD/ExpensesNotReportedAmt0413699
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0416215
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt0413699
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0805813
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNCERTAIN TAX POSITIONS - AS OF DECEMBER 31, 2021 THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECONGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE TAX YEARS SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES ARE THE YEARS ENDED DECEMBER 31, 2018 THROUGH 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0416215
IRS990ScheduleD/TotalRevenuePerForm990Amt0805813
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01219512
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0829914
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE FORM 990 WAS REVIEWED BY THE EXECUTIVE DIRECTOR AND BOARD OFFICERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DISCLOSURE IS REQUIRED ANNUALLY AT A MEETING OF THE FULL BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION`S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HASN'T BEEN CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01486144
IRS990/TotalAssetsEOYAmt01876149
IRS990/TotalAssetsGrp/BOYAmt01486144
IRS990/TotalAssetsGrp/EOYAmt01876149
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0804097
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08645
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt053855
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0353715
IRS990/TotalFunctionalExpensesGrp/TotalAmt0416215
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026692
IRS990/TotalLiabilitiesEOYAmt027099
IRS990/TotalLiabilitiesGrp/BOYAmt026692
IRS990/TotalLiabilitiesGrp/EOYAmt027099
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01459452
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01849050
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0353715
IRS990/TotalReportableCompFromOrgAmt0113849
IRS990/TotalRevenueGrp/ExclusionAmt01716
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0805813
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01486144
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01876149
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt02425 REEDIE DRIVE 12TH FLOOR
IRS990/USAddress/CityNm0WHEATON
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020902
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0MONTGOMERYPARKSFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATIE RICTOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03014952490
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MONTGOMERY COUNTY PARK FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MONT
ReturnHeader/Filer/EIN0521788782
ReturnHeader/Filer/PhoneNum03014952490
ReturnHeader/Filer/USAddress/AddressLine1Txt02425 REEDIE DRIVE 12TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0WHEATON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020902
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202153727
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SB & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010200 GRAND CENTRAL AVE SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OWINGS MILLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021117
ReturnHeader/PreparerPersonGrp/PhoneNum04105840060
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER G LEHMAN
ReturnHeader/ReturnTs02022-05-09T12:29:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RICTOR
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.36$0.07$2.30$0.80$0.85$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.38$0.05$2.33$0.65$0.44$0.21
2022Detailed filing. Detailed filing data is available for this year.$2.13$0.04$2.09$0.65$0.41$0.24
2021Detailed filing. Detailed filing data is available for this year.$1.88$0.03$1.85$0.81$0.42$0.39
2020Detailed filing. Detailed filing data is available for this year.$1.49$0.03$1.46$0.67$0.31$0.36
2019Detailed filing. Detailed filing data is available for this year.$1.12$0.02$1.10$0.72$0.57$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.96$0.01$0.95$0.78$1.12$0.35
2017Detailed filing. Detailed filing data is available for this year.$1.37$0.04$1.33$0.82$0.66$0.16
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.20$1.15$0.51$1.55$1.04
2015Detailed filing. Detailed filing data is available for this year.$2.21$0.02$2.19$0.56$0.30$0.26
2014Detailed filing. Detailed filing data is available for this year.$1.99$0.05$1.94$1.69$0.41$1.28
2013Summary only. Only limited summary data is available for this year.$0.68$0.02$0.66$0.57$0.34$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.01$0.43$0.09
2011Summary only. Only limited summary data is available for this year.$0.10$0.00$0.10$0.10$0.01$0.09