Montgomery College Foundation

Nonprofit profile at a glance

EIN
521267008
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Rockville, MD, USA
Phone
2405677381
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community or Junior Colleges

Official website

Reported finances

Revenue
$9,776,336
Expenses
$7,291,051
Assets
$112,783,343
Liabilities
$57,570,882

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Highest reported compensation

  • JOYCE MATTHEWS UNTIL 0125 (EXEC DIR/VP OF DEV & ALUMNI RELATIONS): $227,447 total reported compensation
  • DONNA M PINA (DIRECTOR OF FOUNDATION FINANCE): $182,047 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

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.

What it reported doing in 2024

Scholarships: this year the montgomery college foundation was able to distribute over $3.3 million in scholarship aid to more than 2,300 students. This would not have been possible without the generosity and vision of our donors, who recognize that education is the key to lifting individuals and families out of poverty, which is the greatest barrier to a college degree. Through the generosity of our donors, the foundation has supported numerous programs including our community-changing achieving collegiate excellence and success (aces) program, which is designed to reach the most vulnerable students in our community. This forward-thinking program provides coaching support to students who have both the desire and the capacity to pursue a college degree while they are still in area high schools in order to prepare them to attend montgomery college and, ultimately, to receive their bachelor's degree. The montgomery college foundation also provided scholarships to students participating in nursing and healthcare programs including those in pursuit of nursing associates of science degrees. The nursing & healthcare programs provide a dynamic learning experience applied to meeting the needs of individuals throughout the life cycle and along the health-illness continuum. Students receive training to promote wellness, assist with restoration and maintenance of health or adaptation to chronic illness, and provide comfort to patients through dedicated training in the major areas of nursing. The montgomery college foundation provided scholarships to support students enrolled in workforce development and continuing education noncredit courses, designed to enhance business and technical skills or gain industry certifications to enrich the community workforce. Our faculty and staff are dedicated to ensuring the college fulfills its mission, which is to empower our students to change their lives and enrich the life of our community, and we thank our donors who make this possible.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 73% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 68
  • Accountability: 95
  • Sustainability: 78
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.4%; rating input score 79
  • Program expense ratio: 90.2%; rating input score 90
  • Fundraising efficiency: $15.01 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 24th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 95.7%; rating input score 96; 30th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 25.4%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 15.47; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.51; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 0.6%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: -0.8% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: 3.9% per year; rating input score 100; 34th percentile among comparable filings
  • Asset growth: 2% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 79.4% of revenue deployed · 90.2% of spending went to programs
  • Governance: 19 of 19 board members independent · 7 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $6.6M in reported program spending
  • Leadership: top reported pay $227K · 23 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 51/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.