Montgomery County Scholarships Inc

Nonprofit profile at a glance

EIN
870969482
IRS 990 coverage
2023–2025
Forms available
Form 990 2025, Form 990-N 2022
Location
Jenkintown, PA, USA
Phone
2152538511
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$15,650,885
Expenses
$3,956,682
Assets
$26,485,550
Liabilities
$11,222,801

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Highest reported compensation

  • JED SILVERSMITH (DIRECTOR): $146,500 total reported compensation
  • TODD UNGER (DIRECTOR): $115,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Montgomery county scholarships, inc. Is a non profit set up to allow individuals and businesses who receive tax credits under the state of Pennsylvania's eitc tax credit program to use those credits to provide funding to selected, eligible, education institutions.

What it reported doing in 2025

This organization processes eitc tax credit gifts on behalf of other schools. The bulk of the gifts were received on or about december 31, 2025. At year end, the organization was holding $14,190,629 to be distributed as grants in 2026. By statute, the bulk of these funds must be distributed by the close of the 2026 fiscal year. The organization is moving to a fiscal year that aligns with this model.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 43
  • Transparency & Controls: 72
  • Accountability: 77
  • Sustainability: 79
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 23.4%; rating input score 23
  • Program expense ratio: 91%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 16th 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: 99.3%; rating input score 99; 43rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 9th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 74.7%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 6.69; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.42; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 6.6%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: 78% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 80.4% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 103.4% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 23.4% of revenue deployed · 91% of spending went to programs
  • Governance: 3 of 5 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3.6M in reported program spending
  • Leadership: top reported pay $146K · 5 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Money network: 39 filed money-flow records
  • Related organizations: 37 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 23/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
  • Moderate — Sustainability: Officer compensation ratio scored 45/100.