Nonprofit · EIN 52-1267008
MONTGOMERY COLLEGE FOUNDATION INC
Tax-exempt · ROCKVILLE, MD 20850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,776,336 | $7,291,051 | $2,485,285 | $112,783,343 | $57,570,882 | $55,212,461 |
| June 30, 2024 | 990 | $12,591,323 | $6,977,348 | $5,613,975 | $113,406,253 | $62,524,000 | $50,882,253 |
| June 30, 2023 | 990 | $7,471,758 | $7,246,628 | $225,130 | $110,856,344 | $66,592,519 | $44,263,825 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,344,307
- of which government grants
- $462,797
- Program service revenue
- $2,038,828
- Investment income
- $2,359,162
- Royalties
- $20,882
- Net gain from sales of assets
- $1,111,820
- Net income from fundraising events
- $6,675
- Net income from gaming
- $1,265
- Other revenue
- $34,039
Expenses
- Grants and similar amounts paid
- $4,781,745
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $49,297
- Accounting fees
- $22,991
- Program services (functional)
- $6,577,506
- Management and general (functional)
- $357,587
- Fundraising (functional)
- $355,958
Balance sheet and other
- Total assets, start of year
- $113,406,253
- Total assets, end of year
- $112,783,343
- Total liabilities, end of year
- $57,570,882
- Net assets, end of year
- $55,212,461
- Land, buildings and equipment
- $2,750,000
- Publicly traded securities
- $42,757,213
- Net assets without donor restrictions
- $2,353,249
- Net assets with donor restrictions
- $52,859,212
- Gross receipts
- $12,791,444
- Employees
- 0
- Volunteers
- 80
- Year formed
- 1982
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOYCE MATTHEWS UNTIL 0125 | EXEC DIR/VP OF DEV & ALUMNI RELATIONS Officer | 40 | $0 | $203,325 | $24,122 |
| DONNA M PINA | DIRECTOR OF FOUNDATION FINANCE Officer | 40 | $0 | $164,292 | $17,755 |
| WILLIAM C FOOTE | TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
| MARY PAT ALCUS | CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| ERICA L WEBBER | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| KENNETH H BECKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ASHLEY B CHENG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAUREN CHIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARTIN P COLBURN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KENNETH C COOK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANNE L GUNSTEENS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| R WILLIAM HARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BILL KEATING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LESLIE LEVINE UNTIL 0924 | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CONNIE O MCGUIRE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRISTINA RABADAN-DIEHL | DIRECTOR Trustee or director | 1 | $0 |
| STEVEN V ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER SACA | DIRECTOR Trustee or director | 1 | $0 |
| EMAN SAQIB | DIRECTOR Trustee or director | 1 | $0 |
| ROBERTA SHULMAN | DIRECTOR Trustee or director | 1 | $0 |
| MORGAN SULLIVAN | DIRECTOR Trustee or director | 1 | $0 |
| CRISTOPHER J WHITE | DIRECTOR Trustee or director | 1 | $0 |
| BERNADETTE MALDONADO AS OF 0125 | EXEC DIR/VP OF DEV & ALUMNI Officer | 40 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOYCE MATTHEWS | EXEC DIR / VP OF DEV & ALUMNI RELATIONS Officer | 40 | $0 | $200,089 | $23,445 |
| DONNA M PINA | DIRECTOR OF FOUNDATION FINANCE Officer | 40 | $0 | $162,373 | $14,477 |
| WILLIAM C FOOTE | TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
| MARY PAT ALCUS | CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| ERICA L WEBBER | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| KENNETH H BECKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARIANNE H BRACKNEY | DIRECTOR (UNTIL 02/24) Trustee or director | 1 | $0 | $0 | $0 |
| ASHLEY B CHENG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARTIN P COLBURN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KENNETH C COOK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANNE L GUNSTEENS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| R WILLIAM HARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOSHUA HAYES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| J STEPHEN MCAULIFFE III | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CONNIE O MCGUIRE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL S PAUKSTITUS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ESMERALDA QUENUM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN V ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERTA SHULMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JANE C SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MORGAN SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CRISTOPHER J WHITE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOYCE MATTHEWS | EXEC DIR / VP OF DEV/SVP FOR ADV Officer | 40 | $0 | $193,548 | $24,997 |
| DONNA PINA | DIRECTOR OF FOUNDATION FINANCE Officer | 40 | $0 | $155,248 | $32,835 |
| CRAIG EOZZO | VP FOR DEV&ALUM REL/EXEC DIR Officer | 40 | $0 | $151,248 | $30,003 |
| WILLIAM C FOOTE | TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
| J STEPHEN MCAULIFFE III | CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| MARY PAT ALCUS | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| KENNETH H BECKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARIANNE H BRACKNEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PETER M BULCAVAGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ASHLEY B CHENG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARTIN P COLBURN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KENNETH C COOK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANNE L GUNSTEENS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| R WILLIAM HARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAWN T HARRIS | DIRECTOR (THRU 11/2023) Trustee or director | 1 | $0 | $0 | $0 |
| CONNIE O MCGUIRE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL S PAUKSTITUS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN V ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SWECHCHHA SHRESTHA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERTA SHULMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JANE C SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MORGAN SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERICA L WEBBER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CRISTOPHER J WHITE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KETHAKA YATTOGODA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL YUEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9221 CORPORATE BLVD, ROCKVILLE, MD 20850-3248
- In care of
- % DONNA PINA
- Principal officer (990 for 2024)
- LULADEY HURLEY, 9221 CORPORATE BOULEVARD, ROCKVILLE, MD 20850
- Signed the 990
- LULADEY HURLEY, EXECUTIVE DIRECTOR OF FINANCE & OP.
- Phone
- (240) 567-7381
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
MONTGOMERY COLLEGE FOUNDATION PROVIDES CRITICAL FINANCIAL AND NON-FINANCIAL RESOURCES IN ADVANCING THE MONTGOMERY COLLEGE MISSION TO TRANSFORM STUDENT LIVES AND ENRICH THE DIVERSE COMMUNITIES IT SERVES.
Program accomplishments
- SCHOLARSHIPS:THIS YEAR THE MONTGOMERY COLLEGE FOUNDATION WAS ABLE TO DISTRIBUTE OVER $3.3 MILLION IN SCHOLARSHIP AID TO MORE THAN 2,300 STUDENTS. THIS WOULD NOT HAVE BEEN POSSIBLE WITHOUT THE GENEROSITY AND VISION OF OUR DONORS, WHO RECOGNIZE THAT EDUCATION IS THE KEY TO LIFTING INDIVIDUALS AND FAMILIES OUT OF POVERTY, WHICH IS THE GREATEST BARRIER TO A COLLEGE DEGREE. THROUGH THE GENEROSITY OF OUR DONORS, THE FOUNDATION HAS SUPPORTED NUMEROUS PROGRAMS INCLUDING OUR COMMUNITY-CHANGING ACHIEVING COLLEGIATE EXCELLENCE AND SUCCESS (ACES) PROGRAM, WHICH IS DESIGNED TO REACH THE MOST VULNERABLE STUDENTS IN OUR COMMUNITY. THIS FORWARD-THINKING PROGRAM PROVIDES COACHING SUPPORT TO STUDENTS WHO HAVE BOTH THE DESIRE AND THE CAPACITY TO PURSUE A COLLEGE DEGREE WHILE THEY ARE STILL IN AREA HIGH SCHOOLS IN ORDER TO PREPARE THEM TO ATTEND MONTGOMERY COLLEGE AND, ULTIMATELY, TO RECEIVE THEIR BACHELOR'S DEGREE. THE MONTGOMERY COLLEGE FOUNDATION ALSO PROVIDED SCHOLARSHIPS TO STUDENTS PARTICIPATING IN NURSING AND HEALTHCARE PROGRAMS INCLUDING THOSE IN PURSUIT OF NURSING ASSOCIATES OF SCIENCE DEGREES. THE NURSING & HEALTHCARE PROGRAMS PROVIDE A DYNAMIC LEARNING EXPERIENCE APPLIED TO MEETING THE NEEDS OF INDIVIDUALS THROUGHOUT THE LIFE CYCLE AND ALONG THE HEALTH-ILLNESS CONTINUUM. STUDENTS RECEIVE TRAINING TO PROMOTE WELLNESS, ASSIST WITH RESTORATION AND MAINTENANCE OF HEALTH OR ADAPTATION TO CHRONIC ILLNESS, AND PROVIDE COMFORT TO PATIENTS THROUGH DEDICATED TRAINING IN THE MAJOR AREAS OF NURSING. THE MONTGOMERY COLLEGE FOUNDATION PROVIDED SCHOLARSHIPS TO SUPPORT STUDENTS ENROLLED IN WORKFORCE DEVELOPMENT AND CONTINUING EDUCATION NONCREDIT COURSES, DESIGNED TO ENHANCE BUSINESS AND TECHNICAL SKILLS OR GAIN INDUSTRY CERTIFICATIONS TO ENRICH THE COMMUNITY WORKFORCE. OUR FACULTY AND STAFF ARE DEDICATED TO ENSURING THE COLLEGE FULFILLS ITS MISSION, WHICH IS TO EMPOWER OUR STUDENTS TO CHANGE THEIR LIVES AND ENRICH THE LIFE OF OUR COMMUNITY, AND WE THANK OUR DONORS WHO MAKE THIS POSSIBLE.Expenses $3,350,968 · grants $3,350,968
- FACILITIES EXPANSION SUPPORT:THE PURPOSE OF THE FOUNDATION IS TO RAISE FUNDS FOR THE BENEFIT OF AND TO OTHERWISE SUPPORT MONTGOMERY COLLEGE. IN ADDITION, THE FOUNDATION BORROWS FUNDS ON BEHALF OF THE COLLEGE TO PURCHASE REAL ESTATE FOR THE USE OF THE COLLEGE OR OTHERWISE IN FURTHERANCE OF THE COLLEGE'S MISSION. THE FOUNDATION HAS PROVIDED ASSISTANCE TO THE COLLEGE THROUGH A SERIES OF MUNICIPAL BOND OFFERINGS. THROUGH THESE PROJECTS, THE COLLEGE HAS BEEN ABLE TO BUILD TWO PARKING GARAGES, PURCHASE TWO BUILDINGS FOR OFFICES AND CLASSROOMS, AND REMODEL A BUILDING TO CREATE AN ART CENTER.Expenses $1,795,761 · revenue $2,038,828
- STUDENT AND FACULTY SUPPORT:THIS YEAR THE MONTGOMERY COLLEGE FOUNDATION WAS ABLE TO DISTRIBUTE OVER $1,400,000 IN GRANTS SUPPORTING A VARIETY OF ACADEMIC PROGRAMS THAT REFLECT THE TALENTS AND INTERESTS OF MONTGOMERY COLLEGE'S STUDENT BODY INCLUDING, BUT NOT LIMITED TO, OUR GLOBAL HUMANITIES INSTITUTE (GHI), OUR SOUTHERN MANAGEMENT LEADERSHIP PROGRAM AND OUR MACKLIN BUSINESS INSTITUTE (MBI). GHI WAS CREATED TO ENSURE OUR CURRICULA ARE DEVELOPED WITH A GLOBAL PERSPECTIVE IN ORDER TO PREPARE OUR STUDENTS FOR THE NEEDS OF TODAY'S EMPLOYERS. THIS PROGRAM WAS LAUNCHED AFTER WE SECURED A PRESTIGIOUS CHALLENGE GRANT FROM THE NATIONAL ENDOWMENT FOR THE HUMANITIES, WHICH LED TO THE COLLEGE EMBARKING ON A $1 MILLION FUNDRAISING CAMPAIGN. THE SOUTHERN MANAGEMENT LEADERSHIP PROGRAM IS A SCHOLARSHIP INITIATIVE DESIGNED TO EDUCATE OUR STUDENTS WHO HAVE AN INTEREST IN ENTREPRENEURSHIP AND AN ENTHUSIASM FOR STARTING A BUSINESS VENTURE OR LEADING A COMPANY. THE GOAL OF THIS INNOVATIVE PROGRAM IS TO SUPPORT, DEVELOP, AND GRADUATE ETHICAL LEADERS WHO WANT TO ENERGIZE AND GIVE BACK TO THEIR LOCAL COMMUNITIES. ADDITIONALLY, OUR MACKLIN BUSINESS INSTITUTE PROVIDES ITS BUSINESS STUDENTS WITH AN EXPERIENTIAL LEARNING PROGRAM, PROVIDING A HANDS-ON EXPERIENCE IN THE BUSINESS WORLD WITHIN OUR COMMUNITY. BY COUPLING REAL-LIFE EXPERIENCE WITH WHAT STUDENTS ARE LEARNING IN BUSINESS CLASSES, MBI STUDENTS ARE OFTEN BETTER PREPARED TO SUCCEED WHEN THEY TRANSFER TO TOP BUSINESS SCHOOLS. STUDENTS ALSO HAVE ACCESS TO THE STATE OF THE ART MACKLIN FINANCE LAB, WHERE STUDENTS CAN UTILIZE FINANCIAL SOFTWARE USED IN INVESTMENT BANKS, BROKERAGE HOUSES, AND HEDGE FUNDS ON WALL STREET. THIS EXTRAORDINARY OPPORTUNITY FOR STUDENTS IN A COMMUNITY COLLEGE SETTING WAS MADE POSSIBLE THROUGH A $1.22 MILLION DONATION FROM THE MACKLIN FOUNDATION. THE MONTGOMERY COLLEGE FOUNDATION CONTINUES TO SUPPORT STUDENT WITH EMERGENCY NEEDS. THIS YEAR MORE THAN $130,000 WAS PROVIDED IN EMERGENCY ASSISTANCE.Expenses $1,430,777 · grants $1,430,777
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1267008
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B41I)
- Assets (IRS master file)
- $112,783,343
- Income (IRS master file)
- $12,791,444
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,776,336 | $7,291,051 | $112,783,343 | XML |
| 990 | June 2024 | $12,591,323 | $6,977,348 | $113,406,253 | XML |
| 990 | June 2023 | $7,471,758 | $7,246,628 | $110,856,344 | XML |
| 990 | June 2022 | $9,502,498 | $6,343,229 | $114,232,820 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1267008).
Questions about MONTGOMERY COLLEGE FOUNDATION INC
- What is the EIN of MONTGOMERY COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of MONTGOMERY COLLEGE FOUNDATION INC is 52-1267008.
- Is MONTGOMERY COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to MONTGOMERY COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTGOMERY COLLEGE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MONTGOMERY COLLEGE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONTGOMERY COLLEGE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MONTGOMERY COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names LULADEY HURLEY.
- Who are the officers and directors of MONTGOMERY COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 23 people; 0 received compensation from the organization.
- How much revenue does MONTGOMERY COLLEGE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,776,336, expenses of $7,291,051 and total assets of $112,783,343 at year end.
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