Montgomery County Public Schools Educational Foundation Inc
- Assets
- $6.7m
- Revenue
- $837.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Rockville, MD
- Founding
- 01/1990
- Data as of
- 06/2022
- EIN
- 52-1804509
Organization Overview
Montgomery County Public Schools Educational Foundation Inc is located in Rockville, MD. The organization was established in 1990. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Montgomery County Public Schools Educational Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery County Public Schools 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 06/2022, Montgomery County Public Schools Educational Foundation Inc generated $837.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MCPS EDUCATIONAL FOUNDATION IS TO ACTIVELY SUPPORT MCPS STRATEGIC INITIATIVES: EFFORTS TO PROVIDE EQUITABLE OPPORTUNITIES TO STUDENTS TO MAXIMIZE THEIR KNOWLEDGE AND SKILLS, AND COMMUNITY ENGAGEMENT IN SUPPORT OF SUCCESSFUL STUDENT OUTCOMES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GIVE BACKPACKS CAMPAIGN PROVIDES STUDENTS IN NEED WITH BACKPACKS FILLED WITH SCHOOL SUPPLIES. THIS HELPS SUPPORT THE BEGINNING OF THE SCHOOL YEAR COSTS FOR FAMILIES IN NEED. DURING FY 22, THE PROGRAM DISTRIBUTED BACKPACKS TO 18,011 STUDENTS, CONTINUING THE STRONG PERFORMANCE OF THE PROGRAM DESPITE CHALLENGES RELATED TO THE COVID-19 PANDEMIC.
HOWARD HUGHES MEDICAL INSTITUTE FUNDING SUPPORTS SCIENCE EDUCATION. DURING FY22, TWO FULL-TIME STAFF ADMINISTERED THE GRANT, AND MCPS COMPLETED THE FOLLOWING ACTIVITIES: 1) PROVIDED THE OPPORTUNITY FOR ALL STUDENTS IN GRADES 6 THROUGH 12 TO ENGAGE IN BIOTECHNOLOGY LAB INVESTIGATIONS WITHIN CORE SCIENCE CONTENT COURSES,2) PROVIDED HIGH SCHOOL AND EARLY COLLEGE STUDENTS THE OPPORTUNITY TO CONDUCT INDEPENDENT BIOTECHNOLOGY RESEARCH THROUGH PAID INTERNSHIPS IN THE MCPS DNA RESOURCE CENTER,3) PROVIDED ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS FROM UNDERREPRESENTED POPULATIONS THE OPPORTUNITY TO ATTEND STEM SUMMER DAY CAMPS WHICH PROVIDED LABORATORY AND FIELD EXPERIENCES IN THE LIFE, ENVIRONMENTAL AND PHYSICAL SCIENCES, AND 4) ORGANIZED A VIRTUAL MCPS YOUTH CLIMATE SUMMIT DURING WHICH 120 STUDENTS DISCUSSED LOCAL STRATEGIES TO RESPOND TO CLIMATE CHANGE. THIS GRANT ALSO FUNDED THE HIRING OF 12 MCPS TEACHERS FOR THE STEM SUMMER DAY CAMPS.
THE EAST SILVER SPRING LITERACY PROJECT FUNDS SCHOOL-BASED ACADEMIC COACHING AND TEACHER DEVELOPMENT PROVIDED BY THE LAVINIA GROUP TO MCPS STAFF. THE PROJECT EXPANDED DURING THE 2021-22 SCHOOL YEAR TO INCLUDE AN ADDITIONAL EIGHT SCHOOLS WITHIN MCPS, AS WELL AS A LEARNING CENTER AT WATKINS MILL ELEMENTARY SCHOOL. THE COACHING AND PROFESSIONAL DEVELOPMENT SUPPORTED BY THIS IS FOCUSED ON ENGLISH LANGUAGE ARTS AND MATH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Wolff Vice Chairperson | OfficerTrustee | 0 | $0 |
Melvyn Leshinsky Chairperson | OfficerTrustee | 0 | $0 |
Kim Watson Secretary | OfficerTrustee | 0 | $0 |
Paul Leleck Treasurer | OfficerTrustee | 0 | $0 |
Yolanda Pruitt Executive Director | Trustee | 32 | $0 |
Susie Leong Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,503 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $730,652 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $736,155 |
| Total Program Service Revenue | $0 |
| Investment income | $70,888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $837,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $640,987 |
| Grants and other assistance to domestic individuals. | $269,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,500 |
| Compensation of current officers, directors, key employees. | $120,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,514 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,163 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,570 |
| Information technology | $50,935 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,658 |
| Interest | $6,993 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,302,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,513 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $27,515 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,558,743 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,695,771 |
| Accounts payable and accrued expenses | $298,714 |
| Grants payable | $205,000 |
| Deferred revenue | $430,305 |
| 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 | $934,019 |
| Net assets without donor restrictions | $2,342,823 |
| Net assets with donor restrictions | $3,418,929 |
| 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 | $6,695,771 |
Grants Awarded
Over the last fiscal year, Montgomery County Public Schools Educational Foundation Inc has awarded $392,753 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTGOMERY COUNTY PUBLIC SCHOOLS PURPOSE: School Based Projects | $227,705 |
MONTGOMERY COUNTY PUBLIC SCHOOLS PURPOSE: ScienceGeneral Education | $165,048 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Montgomery County Public Schools Educational Foundation Inc has recieved totaling $10,005,627.
| Awarding Organization | Amount |
|---|---|
Norman R Rales And Ruth Rales Foundation Washington, DC PURPOSE: EDUCATIONAL SUPPORT | $8,000,000 |
Norman R Rales And Ruth Rales Foundation Washington, DC PURPOSE: EDUCATIONAL SUPPORT | $2,000,000 |
United Way Of The National Capital Area Vienna, VA PURPOSE: DESIGNATED AND/OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $5,435 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $192 |
Endowment Analysis
| Beg. Balance | $3,138,059 |
| Earnings | -$564,943 |
| Net Contributions | $71,261 |
| Ending Balance | $2,644,377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Building Hope Finance Washington, DC | $123,995,340 | $7,003,194 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Dc Public Education Fund Washington, DC | $19,324,284 | $7,024,090 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
Mastery Charter Schools Foundation Philadelphia, PA | $112,317,090 | $8,533,885 |
National Automatic Sprinkler 669 Va Education Fund Columbia, MD | $15,668,623 | $8,120,660 |
United States Japan Foundation Owings Mills, MD | $106,169,200 | $4,759,214 |
St Stephen S And St Agnes School Foundation Alexandria, VA | $47,445,810 | $11,356,184 |
Charles B Keesee Educational Fund Incorporated Martinsville, VA | $78,271,755 | $5,985,709 |
James Barry Robinson Home For Boys Trust Norfolk, VA | $49,691,285 | $5,553,084 |