Montgomery County Community College Foundation

Nonprofit profile at a glance

EIN
232253031
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Blue Bell, PA, USA
Phone
2156416603
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community or Junior Colleges

Official website

Reported finances

Revenue
$1,876,801
Expenses
$1,695,443
Assets
$23,644,187
Liabilities
$849,789

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

Leadership & pay

26 people listed

Executive titles in this filing

  • VICTORIA BASTECKI-PEREZ (PRESIDENT)

Highest reported compensation

  • VICTORIA BASTECKI-PEREZ (PRESIDENT): $424,113 total reported compensation
  • PHILIP NEEDLES (VP ENGAGEMEN): $287,139 total reported compensation
  • QADIM GHANI (VP FINANCE): $236,211 total reported compensation

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

Overview

Mission

The corporation shall be operated exclusively for the purpose of providing support and assistance to montgomery county community college (hereinafter referred to as the "college") in developing the programs, facilities and services necessary to carry out the educational mission and functions of the college. The corporation shall carry out this purpose in part by encouraging, soliciting, receiving, holding, investing and administering gifts of funds and property, and making expenditures to, or for the benefit of, the college.

What it reported doing in 2024

College program: expenditures were made to provide the college the necessary funding to operate various educational programs, the cultural arts, and other miscellaneous student support services. The college offers associate in arts (aa), associate in science (as), and associate in fine arts (afa) degrees all designed primarily for student transfer to four-year institutions as well as the associate in general studies (ags) and the associate in applied science (aas) degrees designed primarily for students entering the workforce upon graduation. Our certificates are also designed for students who wish to enter the workforce upon graduation and are often seen by students and employers as an opportunity to upgrade or gain additional skills. Fine arts and technology: these funds were expended in support of the fine arts center to increase opportunities for students and community members to pursue formal degrees and vocational interests in the fine and performing arts. Funds were also expended to support the advanced technology center, which offers programs in biotechnology, communication, and computer science, as well as the college's information technology offices. Features include state-of-the-art laboratories, classrooms, recording studios, an observatory, tv studio, montco radio station, and the portal cafe.

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 97% 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. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 75
  • Accountability: 95
  • Sustainability: 66
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.2%; rating input score 83
  • Program expense ratio: 66.8%; rating input score 67
  • Fundraising efficiency: $8.24 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th 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: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9.7%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 13.95; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 13.8%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: -1.3% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: 4.4% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: 9.1% per year; rating input score 100; 56th percentile among comparable filings

Details

  • Where the money goes: 83.2% of revenue deployed · 66.8% of spending went to programs
  • Governance: 22 of 22 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $1.1M in reported program spending
  • Leadership: top reported pay $424K · 26 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 4 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • High — Sustainability: Officer compensation ratio scored 26/100.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.