2024-01-17T08:26:40-06:00 2023-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-07-01 300495881 MONTGOMERY COUNTY CHAMBER COMMUNITY FOUNDATION INC MONT 3017380015 51 MONROE STREET 1800 ROCKVILLE MD 20850 CECILIA VERGARA CFO 3017380015 2024-01-17 1 CECILIA VERGARA 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BARBARA ASHE 51 MONROE STREET 1800 ROCKVILLE MD 20850 1440765 0 X WWW.MONTGOMERYCOUNTYCHAMBER.COM/FOUNDATION X 2008 MD SEE PART III, LINE 1. 18 16 0 0 0 0 1125985 1188839 66262 149238 125 16925 6842 -4699 1199214 1350303 10000 6000 0 0 767605 852012 0 0 44744 506123 614544 1283728 1472556 -84514 -122253 642495 2376395 352597 2208750 289898 167645 X EDUCATION OF THE PUBLIC IN MONTGOMERY COUNTY, SURROUNDING REGIONS, AND NATIONALLY, IN ECONOMIC MATTERS, GREEN BUSINESS, PUBLIC SAFETY, HEALTH AND WELLNESS AND OTHER COMMUNITY-RELATED ISSUES. 0 1 1259191 149238 VETERAN'S INSTITUTE FOR PROCUREMENT - A NATIONAL EDUCATIONAL TRAINING PROGRAM FOR VETERAN BUSINESS OWNERS, PRINCIPALS AND C-LEVEL EXECUTIVES, PROVIDED AT NO COST TO PARTICIPANTS AND FUNDED ENTIRELY BY THE FOUNDATION AND VIP SPONSORS. 6000 6000 PSA SCHOLARSHIP - PROGRAM THAT PROVIDES SCHOLARSHIP FUNDS TO MONTGOMERY COLLEGE FOUNDATION, FOR THE USE OF THEIR PUBLIC SERVANTS' CHILDREN'S COLLEGE TUITION. 1265191 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MD X CECILIA VERGARA 3017380015 51 MONROE STREET 1800 ROCKVILLE MD 20850 X BARBARA ASHE PRESIDENT 32.00 X X 200047 0 6909 GEORGETTE GODWIN TREASURER 2.00 X X 9651 0 957 WAYNE M GATEWOOD DIRECTOR 1.00 X 0 0 0 DONNA DOMINGUEZ DIRECTOR 1.00 X 0 0 0 ANTONIO FRANCO DIRECTOR 1.00 X 0 0 0 DONNA GANDT DIRECTOR 1.00 X 0 0 0 JOHN A MOORE III DIRECTOR 1.00 X 0 0 0 LINDA HOUK DIRECTOR 1.00 X 0 0 0 LISA CINES DIRECTOR 1.00 X 0 0 0 ERIC LOCHAUSEN DIRECTOR 1.00 X 0 0 0 CARLOS RIVERA DIRECTOR 1.00 X 0 0 0 MICHAEL SANDERS DIRECTOR 1.00 X 0 0 0 LOWELL YODER DIRECTOR 1.00 X 0 0 0 CHRISTINE WILLIAMSON DIRECTOR 1.00 X 0 0 0 JOHN ZUCCARO DIRECTOR 1.00 X 0 0 0 KEN DODDS DIRECTOR 1.00 X 0 0 0 ALEXANDER FAKERI DIRECTOR 1.00 X 0 0 0 FRANCES MURPHY DIRECTOR 1.00 X 0 0 0 CECILIA VERGARA CHIEF FINANCIAL OFFICER 15.00 X 47033 0 4341 PATRICIA BROWN SR. PROGRAM MANAGER 33.00 X 115814 0 4220 372545 0 16427 2 0 1 0 VERA CONSULTING 5204 SARATOGA AVE CHEVY CHASE MD 20815 PROGRAM SUPPORT 105820 1 188946 896488 103405 1188839 CONTRACT REVENUE 900099 144238 144238 EVENT REGISTRATIONS 900099 5000 5000 149238 16925 16925 85420 188946 90462 -5042 -5042 MISCELLANEOUS 900099 343 343 343 1350303 149238 0 12226 X 6000 6000 303536 209664 81448 12424 438461 369429 45291 23741 13903 11536 1690 677 37568 30472 5097 1999 58544 45793 9885 2866 12620 11841 701 78 514149 500147 12583 1419 25473 23044 1881 548 18774 17615 1042 117 10139 10047 71 21 1619 1268 272 79 8436 6604 1419 413 3560 2787 599 174 MISCELLANEOUS EXPENSE 14022 14022 DUES, SUBS. & REG. 5752 4922 642 188 1472556 1265191 162621 44744 126392 116392 211237 2068162 256899 151592 13100 5433 12879 59800 37430 24434 22370 5000 5000 642495 2376395 4835 125300 176438 1821112 171324 262338 352597 2208750 X 289898 167645 289898 167645 642495 2376395 -122253 0 X 0 1 X 1 0 X 800143 894710 949667 1125985 1188839 4959344 800143 894710 949667 1125985 1188839 4959344 222158 4737186 8 615 353 125 16925 18026 6452 13584 11437 6842 38315 343 343 5016028 865229 0.94440 0.95000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59800 37430 22370 22370 DUE TO MONTGOMERY COUNTY CHAMBER 262338 262338 X 1543493 102728 90462 193190 1350303 0 1350303 1665746 102728 90462 193190 1472556 0 1472556 PART X, LINE 2: FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, MCCC AND AFFILIATE HAVE DOCUMENTED THEIR CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAVE DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES, REPORTED AS AN EXPENSE ON FINANCIAL 90,462. STATEMENTS AND NETTED AGAINST INCOME ON FORM 990, PART VIII, LINE 8C. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES, REPORTED AS AN EXPENSE ON FINANCIAL 90,462. STATEMENTS AND NETTED AGAINST INCOME ON FORM 990, PART VIII, LINE 8C. GOLF TOURNAMENT 274366 188946 85420 22450 26658 32949 8405 274366 188946 85420 22450 26658 32949 8405 90462 -5042 1 MONTGOMERY COLLEGE 900 HUNGERFORD DRIVE ROCKVILLE MD 20850 520891845 501(C)(3) 6000 0 SCHOLARSHIP FOR CHILDREN OF PUBLIC SERVANTS 1 PART I, LINE 2: THE SCHOLARSHIP AWARD IS GIVEN TO THE MONTGOMERY COLLEGE FOUNDATION TO SUPPORT COLLEGE TUITION FOR CHILDREN OF PUBLIC SERVANTS OF MONTGOMERY COUNTY, MARYLAND. 0 0 0 0 0 0 0 1 0 BARBARA ASHE PRESIDENT 200047 0 0 0 0 0 6001 0 908 0 206956 0 0 0 PART I, LINE 3 THE FOUNDATION SHARES EMPLOYEES WITH THE MONTGOMERY COUNTY CHAMBER OF COMMERCE, ANOTHER NOT-FOR-PROFIT ORGANIZATION WITH WHICH IT SHARES COMMON GOALS. FOR TAX PURPOSES, THE TWO ORGANIZATIONS ARE NOT CONSIDERED RELATED. THE MONTGOMERY COUNTY CHAMBER OF COMMERCE USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE PRESIDENT & CEO: - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 7 PATRICIA BROWN RECEIVED A BONUS OF $4,000. FORM 990, PART III, LINE 3 THE ORGANIZATION IS NOT CONDUCTING THE GREEN CERTIFICATION PROGRAM. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY INDEPENDENT TAX PREPARERS AND REVIEWED BY MANAGEMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT MUST BE SIGNED BY ALL PARTIES (STAFF, BOARD, OFFICERS, AND VOLUNTEERS) AT THE BEGINNING OF THE TERM OF SERVICES. FAILURE TO SIGN DOES NOT NULLIFY THE POLICY. THE POLICY STATES THAT THE MEMBER MUST FULLY DISCLOSE, AT THE EARLIEST OPPORTUNITY, INFORMATION THAT MAY RESULT IN A PERCEIVED OR ACTUAL CONFLICT OF INTEREST OR INFORMATION OF FACT THAT WOULD HAVE SIGNIFICANCE IN BOARD DECISION-MAKING. IN CASE OF A CONFLICT OF INTEREST THE BOARD MEMBER RECUSES HIM OR HERSELF FROM VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION SHARES EMPLOYEES WITH THE MONTGOMERY COUNTY CHAMBER OF COMMERCE, ANOTHER NOT-FOR-PROFIT ORGANIZATION WITH WHICH IT SHARES COMMON GOALS. FOR TAX PURPOSES, THE TWO ORGANIZATIONS ARE NOT CONSIDERED RELATED. THE MONTGOMERY COUNTY CHAMBER OF COMMERCE'S COMPENSATION PRACTICES ARE AS FOLLOWS: COMPENSATION OF THE ORGANIZATION'S PRESIDENT AND CEO IS DECIDED BY THE BOARD OF DIRECTORS. THIS PROCESS INCLUDES THE USE OF COMPARABILITY DATA. THE DECISION IS DOCUMENTED AND IS KEPT IN THE PERSONNEL FILE. COMPENSATION FOR ALL OTHER KEY EMPLOYEES AND STAFF IS DETERMINED BY THE CEO AS WRITTEN IN THE ORGANIZATION'S BY-LAWS. THIS PROCESS ALSO INCLUDES THE USE OF COMPARABILITY DATA. THE LAST SALARY REVIEW OCCURRED IN SEPTEMBER 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: THE PRESIDENT AND TREASURER ARE COMPENSATED AS EMPLOYEES OF THE FOUNDATION, AND NOT WITH RESPECT TO THEIR ROLES AS OFFICERS ON THE BOARD OF DIRECTORS. MONTGOMERY COUNTY CHAMBER OF COMMERCE (MCCC) AND MONTGOMERY COUNTY CHAMBER COMMUNITY FOUNDATION (MCCCF) HAVE ENTERED INTO A COST-SHARING ARRANGEMENT WHEREBY MCCCF REIMBURSES MCCC, THE COMMON PAYMASTER FOR THE TWO ORGANIZATIONS, WHICH ISSUES THE W-2S, FOR MCCCF'S ALLOCABLE SHARE OF THE COMPENSATION OF CERTAIN EMPLOYEES FOR SERVICES PROVIDED FOR MCCCF. THE TWO ORGANIZATIONS ARE NOT "RELATED ORGANIZATIONS" AS THAT TERM IS DEFINED IN THE FORM 990 GLOSSARY. PART VII, SECTION A REFLECTS THE COMPENSATION ALLOCATED TO MCCCF. FORM 990, PART IX, LINE 11G CATERING & FACILITY SERVICE: PROGRAM SERVICE EXPENSES 392,082. MANAGEMENT AND GENERAL EXPENSES 104. FUNDRAISING EXPENSES 30. TOTAL EXPENSES 392,216. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 108,065. MANAGEMENT AND GENERAL EXPENSES 12,479. FUNDRAISING EXPENSES 1,389. TOTAL EXPENSES 121,933.