Overview
What is Montgomery County Foundation Inc?
Montgomery County Foundation Inc is a community-driven organization based in Blue Bell, Pennsylvania. Their primary mission is to collect and distribute funds to address various community needs, such as education, health, human services, and cultural groups serving residents of Montgomery County. They assist donors in establishing permanent endowment funds and accept donations of all sizes to address local issues. The foundation acts as a catalyst for community solutions by convening individuals, agencies, and groups to strengthen communities and address pressing needs. They provide educational programs for nonprofit staff and board members to enhance their capacity, fund local research projects, and support civic engagement opportunities for adults 60+. Most recently, they have completed a research project to develop a 10-year plan for arts and culture in Montgomery County, which is currently in implementation phase with over 100 volunteers involved. The foundation also works to improve the system for assisting the homeless or those at risk of becoming homeless. They support the nonprofit community through grants and educational programs.
Official website here: www.mcfoundationinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating. The Montgomery County Foundation Inc has received an impressive score of 96%, indicating a high level of accountability and financial health. This rating is derived from a comprehensive evaluation of its financial practices, which demonstrates the foundation's commitment to transparency and effective management.
The organization boasts an entirely independent board, with 91% of its members meeting this standard. Additionally, it excels in oversight, having established robust audit and finance committees that received full scores. The foundation also has effective policies in place, including conflict of interest and whistleblower policies, further reinforcing its integrity and operational standards.
Despite these strengths, the data does not highlight any specific limitations or areas for improvement, suggesting that the Montgomery County Foundation Inc currently operates at a high standard of fiscal responsibility and governance. Overall, the organization appears to be well-managed, with a strong emphasis on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Montgomery County Foundation Inc legitimate?
Montgomery County Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montgomery County Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $166,287
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mcfoundationinc.org
What is the mission statement of Montgomery County Foundation Inc?
The Montgomery County Foundation Inc's mission is centered around managing funds received from various sources for charitable purposes, primarily aimed at addressing local needs. The foundation serves as a catalyst for community solutions by bringing together individuals, agencies, and groups to strengthen communities and address pressing issues. It provides educational programs to enhance the capacity of non-profit organizations, funds local research projects, and supports civic engagement opportunities for adults. Recently, it has initiated projects like Creative Montco, a 10-year plan for arts and culture, and a collaborative effort to improve the system for assisting the homeless. The foundation also offers monthly educational programs for non-profit staff and boards at no cost, providing them with valuable information on topics like fundraising, accounting, and cyber security. Its primary goal is to build strong communities and assist those most in need through philanthropic contributions.
Official website here: www.mcfoundationinc.org
Who is the CEO of Montgomery County Foundation Inc?
Virginia Frantz is the President And Ceo of Montgomery County Foundation Inc. The CEO's salary of Montgomery County Foundation Inc is $131,013 and their total compensation is $170,800.
Official website here: www.mcfoundationinc.org
What is the revenue of Montgomery County Foundation Inc?
Montgomery County Foundation Inc's revenue in 2022 was $845,541.
Official website here: www.mcfoundationinc.org
Who are the executives of Montgomery County Foundation Inc and what are their salaries?
The average compensation at Montgomery County Foundation Inc during 2022 was $55,429. There are 3 employees at Montgomery County Foundation Inc.
Here are 11 key members and their salaries (Montgomery County Foundation Inc's CEO's salary is $131,013 and their total compensation is $170,800):
- Compensation: $131,013
- Related: $0
- Other: $39,787
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.mcfoundationinc.org
Where can I find the form 990 for Montgomery County Foundation Inc?
Montgomery County Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcfoundationinc.org
Learn more at the official website: www.mcfoundationinc.org
Mission Statement of Montgomery County Foundation Inc
Montgomery County Foundation Inc, as a community-controlled organization, is dedicated to collecting and distributing funds for charitable purposes, primarily aimed at meeting local needs. This nonprofit entity plays a catalytic role in strengthening communities by convening individuals, agencies, and groups to address various issues. By providing educational programs for non-profit staff and board members, the organization enhances their capacity to tackle organizational and financial challenges.
Montgomery County Foundation Inc also engages in research projects in collaboration with other funders to identify community needs. The results of these research projects often lead to the initiation of projects designed to address these needs. One such project is the Human Services Resource Directory, now known as www.211SEPA.org. This project, which includes a call center, was developed and implemented by the foundation to provide current information to those in need of services.
Additionally, the foundation provides opportunities for civic engagement for adults 60+ through a grant-funded program. This program offers volunteer opportunities with local non-profits, allowing individuals to use their skills to make a positive impact in their community. Recently, Montgomery County Foundation Inc has been involved in a research project to develop a 10-year plan for arts and culture in Montgomery County. This project, known as Creative Montco, has garnered significant community support and is currently in the implementation phase.
In partnership with foundations, non-profit housing agencies, county government, and others, Montgomery County Foundation Inc is also working to overhaul the system that assists individuals who are homeless or at risk of becoming homeless. This new system aims to provide successful solutions to these issues more quickly and permanently. The foundation supports the non-profit community through grants and other means, offering monthly educational programs for non-profit staff and boards at no cost. These programs provide valuable information on various topics, including fundraising, accounting, and cyber security. The foundation also assists donors in achieving their philanthropic goals by providing education about issues, non-profits, and the best options for making a difference in the community.
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Impact
October, 2024
Montgomery County Foundation Inc plays a vital role in enhancing community well-being by addressing local needs through strategic fund management and distribution. By collecting and distributing funds from both public and private sources, the organization directly impacts education, health and human services, and cultural initiatives in Montgomery County.
It serves as a catalyst for community solutions by convening individuals, agencies, and groups, fostering collaboration to tackle pressing issues. One notable initiative is the Human Services Resource Directory, an online resource connected to a call center, which provides residents with timely access to essential services.
The foundation further empowers local nonprofits through educational programs that strengthen their operational capacity. These initiatives cover critical organizational topics, enabling nonprofits to better serve the community.
Moreover, it has developed projects like Creative Montco, a comprehensive 10-year plan for arts and culture that actively engages nearly 100 volunteers, signaling robust community support and involvement.
In its commitment to addressing homelessness, the foundation collaborates with various stakeholders to reform existing systems, aiming for sustainable solutions that lead to permanent housing and support.
Through these multifaceted efforts, Montgomery County Foundation Inc not only meets immediate community needs but also fosters a culture of giving and civic engagement, ensuring a more resilient and thriving Montgomery County.
This information is meant to be a general summary of Montgomery County Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $63,461
- Gross Receipts: $1,702,088
Assets and Liabilities:
- Total Assets: $5,786,273
- Total Liabilities: $127,394
- Net Assets: $5,658,879
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Organization Details
Founding Year
2001
Phone
(484) 532-7387Principal Officer
Virginia Frantz
Main Address
4 SENTRY PARKWAY 302, BLUE BELL, PA, 19422
Website
www.mcfoundationinc.orgNTEE Category
Code: W12 - Public benefit
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