Montgomery County Foundation Inc is located in Blue Bell, PA. The organization was established in 2001. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Montgomery County Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery County Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Montgomery County Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Montgomery County Foundation Inc has awarded 261 individual grants totaling $3,187,756. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, RECEIVE, ADMINISTER AND MANAGE, UNDER COMMUNITY CONTROL, FUNDS RECEIVED FROM PUBLIC AND PRIVATE SOURCES AND DISTRIBUTE THEM FOR CHARITABLE PURPOSES, PRIMARILY TO MEET LOCAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION COLLECTS AND DISTRIBUTES FUNDS TO ASSIST A WIDE RANGE OF COMMUNITY NEEDS THAT INCLUDE EDUCATION, HEALTH AND HUMAN SERVICES AND CULTURAL GROUPS SERVING RESIDENTS OF MONTGOMERY COUNTY. AS WELL AS ASSISTING DONORS TO ESTABLISH PERMANENT ENDOWMENT FUNDS, THE FOUNDATION ACCEPTS DONATIONS OF ALL SIZES TO ADDRESS ISSUES IN THE COMMUNITY. THE FOUNDATION IS A COMMUNITY FOUNDATION AND HAS TAKEN ON THE ROLE OF 'A CATALYST FOR COMMUNITY SOLUTIONS' BY CONVENING INDIVIDUALS, AGENCIES AND GROUPS TO STRENGTHEN COMMUNITIES TO ADDRESS THOSE NEEDS.THE FOUNDATION PROVIDES EDUCATIONAL PROGRAMS TO STAFF AND BOARD MEMBERS OF NON-PROFITS TO ENHANCE THEIR CAPACITY. THESE PROGRAMS ADDRESS ORGANIZATIONAL ISSUES, FINANCIAL ISSUES AND OTHER CURRENT TOPICS CRITICAL TO THE OPERATIONS OF NON-PROFIT ORGANIZATIONS.THE FOUNDATION HAS FUNDED LOCAL RESEARCH PROJECTS IN COLLABORATION WITH OTHER FUNDERS TO IDENTIFY COMMUNITY NEEDS. THE RESULTS OF THOSE RESEARCH PROJECTS OFTEN RESULT IN THE UNDERTAKING OF CATALYST FOR COMMUNITY SOLUTIONS PROJECTS LIKE THE HUMAN SERVICES RESOURCE DIRECTORY NOW CALLED WWW.211SEPA.ORG. THIS PROJECT NOW LINKED WITH A CALL CENTER WAS DEVELOPED AND IMPLEMENTED BY THIS FOUNDATION TO PROVIDE CURRENT INFORMATION TO THOSE IN NEED OF SERVICES.THE FOUNDATION HAS ALSO PROVIDED CIVIC ENGAGEMENT OPPORTUNITIES TO ADULTS 60+, A PROGRAM SUPPORTED BY A GRANT FROM ATLANTIC PHILANTHROPIES FOR A 4 YEAR PERIOD PROVIDING VOLUNTEERS OPPORTUNITIES WITH LOCAL NONPROFITS USING THEIR SKILLS TO MAKE AN IMPACT.MOST RECENTLY, THE FOUNDATION, IN PARTNERSHIP WITH INDIVIDUALS, GOVERNMENT, FOUNDATIONS, CORPORATIONS AND OTHERS, HAS COMPLETED A RESEARCH PROJECT TO DEVELOP A 10 YEAR PLAN FOR ARTS AND CULTURE FOR MONTGOMERY COUNTY. THE PROJECT IS IN IMPLEMENTATION PHASE CURRENTLY AND HAS APPROXIMATELY 100 VOLUNTEERS INVOLVED. THE PROJECT, CALLED CREATIVE MONTCO, HAS TREMENDOUS COMMUNITY SUPPORT.THE MONTGOMERY COUNTY FOUNDATION, INC. ALSO IN PARTNERSHIP WITH FOUNDATIONS, NON-PROFIT HOUSING AGENCIES, COUNTY GOVERNMENT AND OTHERS, IS ALSO WORKING TO CHANGE THE SYSTEM THAT ASSISTS PEOPLE WHO ARE HOMELESS OR ABOUT TO BE HOMELESS. THE NEW SYSTEM WILL LEAD TO SUCCESSFUL SOLUTIONS TO THE ISSUES AND WITH MORE PERMANENT AND QUICKER RESULTS.THE FOUNDATION SUPPORTS THE NON-PROFIT COMMUNITY THROUGH GRANTS AND IN OTHER WAYS. THE FOUNDATION PROVIDES MONTHLY EDUCATIONAL PROGRAMS FOR NON-PROFIT STAFF AND BOARDS ASSISTING THEM WITH INFORMATION ABOUT ISSUES THEY ARE FACING. THESE PROGRAMS ARE PROVIDED AT NO CHARGE. TOPICS INCLUDE FUNDRAISING, ACCOUNTING, CYBER ISSUES AND OTHER IMPORTANT TOPICS.THE FOUNDATION REGULARLY ASSISTS DONORS TO ACHIEVE THEIR PHILANTHROPIC GOALS BY PROVIDING EDUCATION ABOUT ISSUES, NON-PROFITS, THE BEST OPTIONS FOR MAKING A DIFFERENCE IN THE COMMUNITY.BUILDING STRONG COMMUNITIES AND ASSISTING THOSE MOST IN NEED IS POSSIBLE ONLY THROUGH DONATIONS FROM THOSE WHO WANT TO MAKE A DIFFERENCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Virginia Frantz President And CEO | OfficerTrustee | 40 | $119,450 |
Cindy Diccianni RN CHFC Csa Cltc Chairperson | OfficerTrustee | 1 | $0 |
Dr Thurman D Booker Secretary | OfficerTrustee | 1 | $0 |
Gerald E Gorski Vice Chairperson | OfficerTrustee | 1 | $0 |
William L Landsburg ESQ Board Member | Trustee | 1 | $0 |
Sheila D Stith Csa Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $393,467 |
Government grants | $78,666 |
All other contributions, gifts, grants, and similar amounts not included above | $1,282,593 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,754,726 |
Total Program Service Revenue | $0 |
Investment income | $70,942 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $240,579 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,066,247 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $630,210 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $152,194 |
Compensation of current officers, directors, key employees. | $28,917 |
Compensation to disqualified persons | $136,736 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $11,098 |
Other employee benefits | $16,323 |
Payroll taxes | $20,250 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $69,084 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $21,764 |
Advertising and promotion | $2,100 |
Office expenses | $2,394 |
Information technology | $469 |
Royalties | $0 |
Occupancy | $75,735 |
Travel | $210 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $603 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,714 |
Insurance | $15,855 |
All other expenses | $7,896 |
Total functional expenses | $1,197,230 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $134,630 |
Savings and temporary cash investments | $1,482,311 |
Pledges and grants receivable | $70,167 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $25,075 |
Net Land, buildings, and equipment | $17,282 |
Investments—publicly traded securities | $5,111,921 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,518 |
Total assets | $6,846,904 |
Accounts payable and accrued expenses | $35,352 |
Grants payable | $185,119 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $220,471 |
Net assets without donor restrictions | $6,314,956 |
Net assets with donor restrictions | $311,477 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $6,846,904 |
Over the last fiscal year, Montgomery County Foundation Inc has awarded $591,327 in support to 31 organizations.
Grant Recipient | Amount |
---|---|
Fort Washington, PA PURPOSE: GRANT IN SUPPORT OF OPERATIONS | $65,250 |
Bethlehem, PA PURPOSE: GRANT FOR GENERAL OPERATIONS | $61,100 |
Pottstown, PA PURPOSE: GRANT IN SUPPORT OF OPERATIONS | $51,400 |
Flourtown, PA PURPOSE: GRANT IN SUPPORT OF OPERATIONS | $50,300 |
Souderton, PA PURPOSE: GRANT IN SUPPORT OF OPERATIONS | $35,400 |
Worcester, PA PURPOSE: GRANT IN SUPPORT OF OPERATIONS | $30,786 |
Over the last fiscal year, we have identified 9 grants that Montgomery County Foundation Inc has recieved totaling $221,779.
Awarding Organization | Amount |
---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $85,586 |
Genuardi Family Foundation Blue Bell, PA PURPOSE: OPERATIONAL SUPPORT | $60,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $40,000 |
Windmill Foundation Inc Philadelphia, PA PURPOSE: TO FUND THE RECIPIENT'S OPERATING BUDGET | $10,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $10,000 |
Patricia Kind Family Foundation Philadelphia, PA PURPOSE: SUPPORT THE YOUR WAY HOME | $10,000 |
Beg. Balance | $3,902,112 |
Earnings | -$328,708 |
Net Contributions | $1,072,636 |
Grants | $474,159 |
Ending Balance | $5,120,199 |
Organization Name | Assets | Revenue |
---|---|---|
Government Integrity Fund Columbus, OH | $0 | $4,714,760 |
Elcam Inc St Marys, PA | $19,431,330 | $4,390,197 |
Constructive Dialogue Institute Inc New York, NY | $2,018,471 | $1,187,467 |
Oh-Go Sandusky, OH | $452,264 | $1,544,533 |
Montgomery County Foundation Inc Blue Bell, PA | $6,846,904 | $2,066,247 |
Christopher Coffland Memorial Fund Inc Timonium, MD | $647,690 | $1,477,090 |
Shekel Hakodesh Dsatmar Inc Monroe, NY | $92,066 | $1,180,269 |
Rouben And Violet Jiji Foundation Towson, MD | $13,701,428 | $480,892 |
Uwvc Foundation Inc New York, NY | $541,216 | $743,045 |
The Love Pray Peace Project Veterans Residence Drexel Hill, PA | $69,517 | $509,585 |
The Cleveland Police Foundation Cleveland, OH | $402,041 | $308,860 |
Women For Economic And Leadership Development Westerville, OH | $526,843 | $678,319 |