Overview
What is Montgomery County Community Foundation?
The Montgomery County Community Foundation, located at 2001 Timberloch Place 500, The Woodlands, Texas 77380, is a nonprofit organization dedicated to enhancing the well-being of Montgomery County's community. They achieve this by establishing legacy grants, aligning donor passions with suitable nonprofits. The foundation manages various fund types, including donor-advised, field-of-interest, designated agency, and unrestricted funds. A team of 15 volunteers, known as the Distribution Committee, meticulously reviews and approves grant requests. In 2022, the foundation granted funds to numerous causes, such as feeding the hungry, providing essentials for children starting school, offering equine therapy, supporting healthcare services, and more, all aimed at improving the quality of life in Montgomery County.
Official website here: www.mccfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating.
The Montgomery County Community Foundation has achieved a strong overall rating, indicating solid performance in financial accountability and organizational effectiveness. The organization scored particularly well in areas such as Leadership & Adaptability, where it received a perfect score of 100, and has a fully independent board consisting of 11 members. This level of governance suggests a commitment to transparency and ethical management.
Financially, the foundation demonstrates sound practices with a low liabilities to assets ratio of 1.67% and has received high marks for its policies on conflict of interest, whistleblower protections, and document retention. However, while the program expense ratio is respectable at 60.87%, it may indicate that there is room for improvement in the direct allocation of resources toward its mission-driven programs.
In terms of community engagement, the foundation excels in collecting and utilizing feedback, as evidenced by its perfect scores in both feedback collection and usage. This suggests an effective approach to understanding and addressing the needs of the community it serves, positioning it as a responsive and adaptable organization.
This AI summary has been generated from information found on Charity Navigator.
Is Montgomery County Community Foundation legitimate?
Montgomery County Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montgomery County Community 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: $108,930
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,095
For more financial information, click here
Official website here: www.mccfoundation.org
What is the mission statement of Montgomery County Community Foundation?
The Montgomery County Community Foundation's mission is to play a leading role in the area by managing endowments that cater to philanthropic aspirations. These funds are disbursed as grants to nonprofit organizations, aiming to enhance the community's quality of life and benefit future generations. The Foundation maintains various types of funds, including donor-advised, field-of-interest, designated agency, and unrestricted funds. A group of volunteers from the Distribution Committee assesses and approves grant applications. In 2022, the Foundation awarded grants to support a wide range of initiatives, such as feeding the hungry, assisting with housing expenses, and funding various services including health care, performing arts, and animal welfare.
Official website here: www.mccfoundation.org
Who is the CEO of Montgomery County Community Foundation?
Julie P Martineau is the Principal Officer of Montgomery County Community Foundation. The CEO's salary of Montgomery County Community Foundation is $105,750 and their total compensation is $108,930.
Official website here: www.mccfoundation.org
What is the revenue of Montgomery County Community Foundation?
Montgomery County Community Foundation's revenue in 2022 was $808,200.
Official website here: www.mccfoundation.org
Who are the executives of Montgomery County Community Foundation and what are their salaries?
The average compensation at Montgomery County Community Foundation during 2022 was $63,512. There are 2 employees and 59 volunteers at Montgomery County Community Foundation.
Here are 12 key members and their salaries (Montgomery County Community Foundation's CEO's salary is $105,750 and their total compensation is $108,930):
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- Compensation: $105,750
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- Other: $3,180
Official website here: www.mccfoundation.org
Where can I find the form 990 for Montgomery County Community Foundation?
Montgomery County Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mccfoundation.org
Learn more at the official website: www.mccfoundation.org
Mission Statement of Montgomery County Community Foundation
The Montgomery County Community Foundation, a renowned nonprofit organization, is committed to leading positive change in its community by directing enduring financial resources. Its mission is geared towards enhancing the quality of life for both current and future generations in Montgomery County. Through strategic grant allocation, the foundation aims to fulfill philanthropic aspirations by aligning donor interests with deserving nonprofits.
The Montgomery County Community Foundation operates various funds, including donor-advised, field of interest, designated agency, and unrestricted funds. These funds serve as a platform for channeling financial support to a diverse range of causes that resonate with the community's needs. A team of dedicated volunteers, known as the Distribution Committee, plays a crucial role in reviewing and vetting grant applications. In 2022 alone, the foundation awarded 49 grants to a myriad of causes, including feeding the hungry, providing rental and utility assistance, supporting children's education, offering equine therapy, and funding healthcare services, among others. These grants help improve the well-being of the community and contribute to a more inclusive and thriving society.
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Impact
July, 2024
Montgomery County Community Foundation's impact is evident in its mission to provide leadership in Montgomery County by directing sustainable financial resources that strengthen the community and improve the quality of life for current and future generations. Through creating legacies and fulfilling philanthropic dreams, the Foundation has made a tangible difference by providing grants to nonprofits and scholarships. By matching donor passions with local nonprofits, the Foundation has been able to address critical needs in the community, such as feeding the hungry, assisting with rent and utilities, caring for abused and neglected children, providing educational support to children, offering therapy services to veterans and children, ensuring access to healthcare services, supporting the arts and cultural programs, advocating for animal welfare, and much more. With a team of dedicated volunteers overseeing the distribution of funds, Montgomery County Community Foundation has had a significant positive impact on the lives of individuals and families in the area.
This information is meant to be a general summary of Montgomery County Community 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $388,438
- Gross Receipts: $1,376,438
Assets and Liabilities:
- Total Assets: $10,127,465
- Total Liabilities: $169,669
- Net Assets: $9,957,796
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Organization Details
Founding Year
1983
Phone
(281) 363-8158Principal Officer
Julie P Martineau
Main Address
2001 Timberloch Place 500, The Woodlands, TX, 77380
Website
www.mccfoundation.orgNTEE Category
Code: T31 - Philanthropy
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