funder logo

MONTGOMERY COLLEGE FOUNDATION INC

MONTGOMERY COLLEGE FOUNDATION INC

ROCKVILLE, MD, US
501(c)(3)
EIN
52-1267008
Regional Funder
funder logo

MONTGOMERY COLLEGE FOUNDATION INC

ROCKVILLE, MD, US
501(c)(3)
EIN
52-1267008
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$12,591,323

Contributions
51%
Other
20%
Program Services
18%
Investments
9%
Government Grants
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024

$6,977,348

Grants
63%
Interest
29%
Fees to Service Providers
7%
Offices, Occupancy & IT
<1%
Other
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$4,394,475
$6,384,574
+45%
Government Grants
$390,097
$254,788
-35%
Fundraising Events
$2,225
$1,892
-15%
Program Services
$2,470,690
$2,267,636
-8%
Membership Dues
$0
$0
-
Investments
$957,133
$1,175,911
+23%
Other
-$742,862
$2,506,522
-437%
Total Revenues
$7,471,758
$12,591,323
+69%
Expenses
2023
2024
Change
Grants
$4,255,891
$4,372,695
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$664,270
$515,989
-22%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$54,889
$38,828
-29%
Interest
$2,225,480
$2,015,007
-9%
Depreciation
$0
$0
-
Other
$46,098
$34,829
-24%
Total Expenses
$7,246,628
$6,977,348
-4%
Net income
2023
2024
Change
Net income
+$225,130
+$5,613,975
+2394%
Functional Expenses
Summary
2023
2024
Change
Program
$6,481,371
$6,387,702
-1%
Admin
$304,976
$269,595
-12%
Fundraising
$460,281
$320,051
-30%
Total Expenses
$7,246,628
$6,977,348
-4%
Income Statement
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