Civic Intelligence

Montgomery County Parks Foundation Inc.

990 • Fiscal year 2016 • EIN 52-1788782

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 02, 2017

9500 Brunett AvenueSilver Spring, MD 20901

(301) 495-2490

Siviq Scores

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

Liabilities / Assets

56th percentile

0.14x

Higher debt load relative to assets than 56% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

0.39x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

2nd percentile

-206%

Higher net margin than 2% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

70th percentile

$103,749

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 20.5% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

3rd percentile

-39%

Faster asset growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

24th percentile

-9.9%

Faster revenue growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,348,263

Down $857,133 (-39%) from 2015

Net Assets

Down

$1,152,886

Down $1,035,095 (-47%) from 2015

Liabilities

Up

$195,377

Up $177,962 (+1022%) from 2015

Revenue

Down

$505,786

Down $55,389 (-9.9%) from 2015

Expenses

Up

$1,549,662

Up $1,249,344 (+416%) from 2015

Net Income

Down

-$1,043,876

Down $1,304,733 (-500%) from 2015

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

2016

Assets$1,348,263
Liabilities$195,377
Net Assets$1,152,886

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

2016

Revenue$505,786
Expenses$1,549,662
Net Income-$1,043,876
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 2, 2017
Return Version
2016v3.0
Gross Receipts
$505,786
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$977,453$1,066,408▲ $88,955
Investments in Publicly Traded Securities$880,452$133,893▼ $746,559
Accounts Receivable$70,000$109,000▲ $39,000
Savings and Temporary Cash Investments$276,531$37,993▼ $238,538
Prepaid Expenses and Deferred Charges$960$969▲ $9
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,205,396$1,348,263▼ $857,133
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$17,415$195,377▲ $177,962
Total Liabilities$17,415$195,377▲ $177,962
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,943,106$924,337▼ $1,018,769
Unrestricted Net Assets$244,875$228,549▼ $16,326
Total Net Assets Fund Balance$2,187,981$1,152,886▼ $1,035,095
Total Liabilities and Net Assets / Fund Balance$2,205,396$1,348,263▼ $857,133
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Michael NardolilliExecutive DirectorFT$103,749$103,749

Board Members and Trustees

NameTitle
John RobinsonPresident
Meredith WellingtonVice President
Charles WashingtonDirector
Jody KlineDirector
Kelly GroffDirector
Scott RitterSecretary
Royce HansonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$498,938
Program Service Revenue
$0
Investment Income
$6,848
Other Revenue
$0
All Other Contributions
$468,938
Change in Net Assets
$-1,043,876

Audited Revenue Reconciliation

Revenue per Audited Statements
$505,786
Revenue Not Reported on Form 990
$477,913
Total Revenue per Audited Statements
$983,699
Total Revenue per Form 990
$505,786
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,548,712
Total Fundraising Expense$38,484
Salaries, Compensation, and Employee Benefits$950
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel-$15,863-$15,863
Advertising$3,521$3,520$3,520$10,561
Fees for Services Accounting-$9,044-$9,044
Other Expenses$1,470,267$4,209$7,956$7,956
All Other Expenses-$1,994-$1,994
Insurance-$1,154-$1,154
Office Expenses-$989-$989
Other Salaries and Wages$284$333$333$950
Total Functional Expenses$1,474,072$37,106$38,484$1,549,662

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,018,794
Expenses per Audited Statements$1,549,662
Total Expenses per Form 990$1,549,662
Expenses Not Reported on Form 990$469,132
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A draft of the form 990 was reviewed by the Executive Director and Board Officers prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Disclosure is required annually at a meeting of the full Board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

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
9500 BRUNETT AVENUE, SILVER SPRING, MD 20901

Signing Officer

Name
Michael Nardolilli
Title
Executive Director
Signed
2017-08-02
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
1

Preparer

Firm
Dunham Aukamp & Rhodes Plc
Address
4437 Brookfield Corporate Dr Suite, CHANTILLY, VA 20151
Preparer
Mark J Rhodes CPA
Phone
7036318940
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

(l)Uncertain Tax Positions As of December 31, 2016 the Foundation had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The tax years subject to examination by the taxing authorities are the years ended December 31, 2013 through 2015.

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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0960
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0969
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0554887
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06288
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0270930
IRS990/PYRevenuesLessExpensesAmt0260857
IRS990/PYSalariesCompEmpBnftPaidAmt029388
IRS990/PYTotalExpensesAmt0300318
IRS990/PYTotalRevenueAmt0561175
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1043876
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0276531
IRS990/SavingsAndTempCashInvstGrp/EOYAmt037993
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0498938
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0554887
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01678086
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0574421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0415295
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03721627
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06848
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06288
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07638
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt030
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt015
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt020819
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.99440
IRS990ScheduleA/PublicSupportPY170Pct00.99580
IRS990ScheduleA/PublicSupportTotal170Amt03721627
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0498938
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0554887
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01678086
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0574421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0415295
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03721627
IRS990ScheduleA/TotalSupportAmt03742446
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0469132
IRS990ScheduleD/DonatedServicesUseFcltsAmt0469132
IRS990ScheduleD/ExpensesNotReportedAmt0469132
IRS990ScheduleD/ExpensesSubtotalAmt01549662
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt08781
IRS990ScheduleD/RevenueNotReportedAmt0477913
IRS990ScheduleD/RevenueSubtotalAmt0505786
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0(l)Uncertain Tax Positions As of December 31, 2016 the Foundation had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The tax years subject to examination by the taxing authorities are the years ended December 31, 2013 through 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt01549662
IRS990ScheduleD/TotalRevenuePerForm990Amt0505786
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0983699
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02018794
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01943106
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0924337
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02205396
IRS990/TotalAssetsEOYAmt01348263
IRS990/TotalAssetsGrp/BOYAmt02205396
IRS990/TotalAssetsGrp/EOYAmt01348263
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0498938
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt038484
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037106
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01474072
IRS990/TotalFunctionalExpensesGrp/TotalAmt01549662
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt017415
IRS990/TotalLiabilitiesEOYAmt0195377
IRS990/TotalLiabilitiesGrp/BOYAmt017415
IRS990/TotalLiabilitiesGrp/EOYAmt0195377
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02187981
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01152886
IRS990/TotalProgramServiceExpensesAmt01474072
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06848
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0505786
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02205396
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01348263
IRS990/TotReportableCompRltdOrgAmt0103749
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt015863
IRS990/TravelGrp/TotalAmt015863
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0244875
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0228549
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0montgomeryparksfoundation.org
IRS990/WhistleblowerPolicyInd0false

Document Assets

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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