Leadership Montgomery Educational Foundation Inc
- Assets
- $2.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Rockville, MD
- Founding
- 03/1990
- Data as of
- 06/2023
- EIN
- 52-1627257
Organization Overview
Leadership Montgomery Educational Foundation Inc is located in Rockville, MD. The organization was established in 1990. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2023, Leadership Montgomery Educational Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership Montgomery Educational 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 06/2023, Leadership Montgomery Educational Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 5.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS ARE GRADUATES WHO PAY ANNUAL DUES TO LEADERSHIP MONTGOMERY. THEY ENJOY THE OPPORTUNITY TO CONTINUE INVOLVEMENT IN THE ORGANIZATION THROUGH MEMBER PROGRAMS, ACTIVITIES, AND SERVICES. BENEFITS OF LEADERSHIP MONTGOMERY MEMBERSHIP INCLUDE THE MEMBER DIRECTORY AND DISCOUNTS ON PROGRAMS. MEMBERSHIP ACTIVITIES INCLUDE COMMUNITY SERVICE, COMMUNITY CONVERSATIONS AND EDUCATIONAL ACTIVITIES.
SPECIAL PROGRAMS - LM'S REAL INCLUSION PROGRAM EXAMINES THE SYSTEMIC BELIEFS, PRACTICES, AND POLICIES THAT HAVE PERPETUATED RACIAL INEQUITIES AND SITUATES THAT ANALYSIS WITHIN THE CONTEXT OF ORGANIZATIONAL LEADERSHIP. THIS PROGRAM IS DESIGNED TO PROVIDE ORGANIZATIONS THE AWARENESS, SKILLS AND STRUCTURES NEEDED TO IDENTIFY AND IMPLEMENT PRACTICES THAT LEAD TO RACIALLY EQUITABLE OUTCOMES. LM'S CORPORATE VOLUNTEER COUNCIL PROGRAM (CVC) CONNECTS BUSINESSES AND PROFESSIONALS TO STRUCTURED VOLUNTEER AND COMMUNITY ENGAGEMENT OPPORTUNITIES IN MONTGOMERY COUNTY. THE CVC PROGRAM PROVIDES COMPANIES AND THEIR EMPLOYEES WITH INFORMATION AND GUIDANCE AS WELL AS MANAGES SERVICE OPPORTUNITIES ACROSS THE COUNTY. THE CVC SERVES BUSINESSES OF ALL SIZES THAT WANT TO ENGAGE THEIR EMPLOYEES IN STRUCTURED VOLUNTEER AND COMMUNITY ENGAGEMENT OPPORTUNITIES.
USING MONTGOMERY COUNTY AS THE CLASSROOM, LEADERSHIP MONTGOMERY'S LEADERSHIP PROGRAMS PROVIDES HANDS-ON LEARNING OPPORTUNITIES AND A FORUM TO DISCUSS THE ISSUES AND CHALLENGES FACING THE COUNTY. THE LEADERSHIP PROGRAM IS DESIGNED TO CULTIVATE THE INFORMED AND SKILLED LEADERSHIP NEEDED TO IMPACT POSITIVE CHANGE IN ORGANIZATIONS AND INSTITUTIONS ACROSS MONTGOMERY COUNTY. PROGRAM SESSIONS EXPLORE SOCIAL AND ECONOMIC ISSUES SUCH AS TRANSPORTATION, EDUCATION, PUBLIC SAFETY, AND SUSTAINABILITY, AS WELL AS COMMUNITY RESOURCES, OPPORTUNITIES AND CHALLENGES.
LEADERSHIP MONTGOMERY'S CORPORATE VOLUNTEER COUNCIL PROGRAM (CVC) CONNECTS BUSINESSES AND PROFESSIONALS TO STRUCTURED VOLUNTEER AND COMMUNITY ENGAGEMENT OPPORTUNITIES IN MONTGOMERY COUNTY. THE CVC PROGRAM PROVIDES COMPANIES AND THEIR EMPLOYEES WITH INFORMATION AND GUIDANCE AS WELL AS MANAGES SERVICE OPPORTUNITIES ACROSS THE COUNTY. THE CVC SERVES BUSINESSES OF ALL SIZES THAT WANT TO ENGAGE THEIR EMPLOYEES IN STRUCTURED VOLUNTEER AND COMMUNITY ENGAGEMENT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Pauley President & CEO | Officer | 40 | $160,253 |
Bola Audena Board Chair | OfficerTrustee | 2 | $0 |
Greg Coleman Vice Chair | Trustee | 2 | $0 |
Leon Seemann Chair, Finance | OfficerTrustee | 2 | $0 |
Greg Smith Board Member | OfficerTrustee | 2 | $0 |
Richee L Smith Andrews Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,950 |
| Related organizations | $0 |
| Government grants | $43,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $528,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $597,200 |
| Total Program Service Revenue | $755,889 |
| Investment income | $41,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,953 |
| Net Income from Fundraising Events | -$33,851 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,375,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $47,943 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,267 |
| Compensation of current officers, directors, key employees. | $25,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $462,320 |
| Pension plan accruals and contributions | $12,986 |
| Other employee benefits | $2,405 |
| Payroll taxes | $48,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $75,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,047 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,115 |
| Office expenses | $31,177 |
| Information technology | $1,204 |
| Royalties | $0 |
| Occupancy | $142,737 |
| Travel | $1,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,179 |
| Interest | $3,484 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,315 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,332,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,079 |
| Savings and temporary cash investments | $700,020 |
| Pledges and grants receivable | $8,250 |
| Accounts receivable, net | $65,151 |
| 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 | $6,660 |
| Net Land, buildings, and equipment | $21,976 |
| Investments—publicly traded securities | $936,375 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $411,271 |
| Total assets | $2,168,782 |
| Accounts payable and accrued expenses | $65,031 |
| Grants payable | $0 |
| Deferred revenue | $67,408 |
| 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 | $157,247 |
| Other liabilities | $494,310 |
| Total liabilities | $783,996 |
| Net assets without donor restrictions | $720,571 |
| Net assets with donor restrictions | $664,215 |
| 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 | $2,168,782 |