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Montgomery County Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 236298550 ✦ Blue bell, PA ✦ Designated as a 501(c)(3)

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Overview

What is Montgomery County Foundation?

Montgomery County Foundation is a community-based nonprofit organization situated in Blue Bell, Pennsylvania. With a focus on enhancing the educational, social, cultural, health, and civic resources of the community, the foundation manages charitable funds and distributes them primarily to meet local needs. By collaborating with individuals, agencies, and groups, it strives to strengthen communities by addressing pressing issues identified through research projects and community groups. Falling under the category of a community foundation, Montgomery County Foundation serves as a catalyst for community solutions, providing financial assistance for a wide range of community needs, including education, health and human services, and cultural groups that cater to the residents of Montgomery County.


Official website here: www.mcfoundationinc.org

Is Montgomery County Foundation legitimate?

Montgomery County Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montgomery County Foundation 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: $0
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?

The Montgomery County Foundation's mission is centered around managing charitable funds received from various public and private sources. Their primary goal is to address local needs, distributing revenue and portions of principal, as permitted, in accordance with donors' specific and general interests. This process aids in maintaining and enhancing the educational, social, cultural, health, and civic resources within the community. Essentially, the foundation acts as a conduit for charitable contributions, channeling them towards initiatives that improve the overall well-being of the local community.


Official website here: www.mcfoundationinc.org

Who is the CEO of Montgomery County Foundation?

Virginia Frantz is the Distribution Committee Mem of Montgomery County Foundation.


Official website here: www.mcfoundationinc.org

What is the revenue of Montgomery County Foundation?

Montgomery County Foundation's revenue in 2022 was $326,164.


Official website here: www.mcfoundationinc.org

Who are the executives of Montgomery County Foundation and what are their salaries?


Here are 4 key members and their salaries:


Dr Thurman D Booker (Distribution Committee Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Diccianni (Distribution Committee Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harvey Strauss (Distribution Committee Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0
William L Landsburg Esq (Distribution Committee Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mcfoundationinc.org

Where can I find the form 990 for Montgomery County Foundation?

Montgomery County Foundation'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

The Montgomery County Foundation is dedicated to managing charitable funds received from both public and private sources. Its mission is to distribute these funds for charitable purposes, primarily aimed at addressing local needs. By doing so, the foundation assists in maintaining and enhancing the educational, social, cultural, health, and civic resources within the community. The foundation's work involves managing charitable funds, distributing revenue, and, when permitted, portions of principal, all in line with the specific and general interests of its donors. This process plays a significant role in supporting the overall well-being and development of the community.

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Impact




October, 2024

Montgomery County Foundation significantly impacts the community by managing and distributing funds that address vital local needs. The foundation collects resources from both public and private sources, channeling these funds into charitable purposes that enhance educational, social, cultural, health, and civic resources in Montgomery County.

Through its collaborative approach, the foundation convenes individuals, agencies, and groups, serving as a catalyst for community solutions. By identifying key issues through research and community input, the foundation helps to strengthen the community, ensuring that assistance is directed where it is most needed. This multifaceted strategy not only provides financial support to various sectors, such as education and human services, but also fosters a sense of connectedness and shared responsibility among residents, ultimately enriching the community as a whole.




This information is meant to be a general summary of Montgomery County Foundation. 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.

Revenue
$326,164 (2022)
Expenses
$568,098 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $195,019
  • Gross Receipts: $1,615,134

Assets and Liabilities:

  • Total Assets: $11,056,814
  • Total Liabilities: $0
  • Net Assets: $11,056,814

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Organization Details

Founding Year

1960

Principal Officer

Virginia Frantz

Main Address

4 SENTRY PARKWAY 302, BLUE BELL, PA, 19422

NTEE Category

Code: T11 - Philanthropy

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