Montgomery County Community Foundation
- Assets
- $9.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 2
- Location
- The Woodlands, TX
- Founding
- 03/1984
- Data as of
- 12/2021
- EIN
- 76-0082098
Organization Overview
Montgomery County Community Foundation is located in The Woodlands, TX. The organization was established in 1984. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Montgomery County Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery County Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Montgomery County Community Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $512.7k during the year ending 12/2021. While expenses have increased by 9.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Montgomery County Community Foundation has awarded 124 individual grants totaling $816,778. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATING LEGACIES TO FULFILL PHILANTHROPIC DREAMS THROUGH GRANTS TO NONPROFITS AND SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS: CREATING LEGACY GRANTS MATCHES DONOR PASSIONS WITH NONPROFITS IMPROVING THE QUALITY OF LIFE IN MONTGOMERY COUNTY. ENABLING DOCUMENTS FOR DONOR ADVISED FUNDS, FIELD OF INTEREST FUNDS, DESIGNATED AGENCY FUNDS, AND UNRESTRICTED FUNDS GUIDE A TEAM OF 15 DISTRIBUTION COMMITTEE VOLUNTEERS WHO REVIEW AND VET GRANT REQUESTS. DURING 2021, 42 GRANTS WERE GIVEN TO FEED THE HUNGRY, HELP WITH RENT AND UTILITIES, CARE FOR ABUSED AND NEGLECTED CHILDREN, HELP CHILDREN START SCHOOL WITH NEW CLOTHES AND SCHOOL SUPPLIES, OFFER EQUINE THERAPY TO VETERANS AND CHILDREN, PROVIDE HEALTH CARE SERVICES AND PRESCRIPTIONS, SUPPORT CONCERTS, CULTURAL AND HERITAGE PROGRAMS, SUPPORT ANIMAL WELFARE AND MORE.
SCHOLARSHIPS: HIGH SCHOOL AND COMMUNITY COLLEGE STUDENTS ARE AWARDED GRANTS TO FURTHER THEIR POST HIGH SCHOOL EDUCATIONAL PURSUITS. DURING 2021, 14 STUDENTS RECEIVED SCHOLARSHIPS FROM LEGACY FUNDS TO EXPAND THEIR CHANCE FOR SUCCESS. EACH FUND TARGETS SOMETHING DIFFERENT, SUCH AS A LOCAL HIGH SCHOOL, SPECIFIC ATTRIBUTES LIKE SERVICE ABOVE SELF, ACADEMIC PERFORMANCE, FINANCIAL NEEDS, AND SPORTS.EACH FUND HAS A SELECTION COMMITTEE APPROVED BY THE BOARD WHO USES FAIR AND OBJECTIVE CRITERIA TO SELECT THIER NOMINEE(S). ALL CRITERIA, COMMITTEES AND FINAL SCHOLARSHIP RECIPIENTS ARE APPROVED BY THE DISTRIBUTION COMMITTEE AND BOARD OF DIRECTORS.
DURING FEBRUARY 2021, MONTGOMERY COUNTY EXPERIENCED A RARE ARCTIC BLAST THAT IMMOBILIZED THE ENTIRE COUNTY FOR 3 DAYS AND A LARGE PERCENTAGE OF THE COUNTY FOR A WEEK. WITHOUT ELECTRICITY, WORK CAME TO A STANDSTILL. PEOPLE IN HOURLY JOBS WERE NOT ABLE TO GET TO WORK EVEN IF WORK WAS OPEN. THE ARCTIC BLAST TOOK A MAJOR TOLL ON PEOPLE WHO LOST PRECIOUS HOURS OF WORK THAT WERE NEEDED TO PAY THE RENT OR FEED THE FAMILY. THE BOARD OF THE COMMUNITY FOUNDATION AWARDED THE MAJORITY OF ITS LONG TERM DISASTER RECOVERY FUNDS TO MONTGOMERY COUNTY FOOD BANK TO PROVIDE FOOD AND THE COMMUNITY ASSISTANCE CENTER TO PAY RENT, MORTGAGE, OR UTILITY BILLS FOR THOSE WHO WERE AT RISK DUE TO LOST WAGES. THESE ORGANIZATIONS ASSISTED 269 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Martineau President & CEO | Officer | 40 | $103,000 |
Jason Mann Chairman | OfficerTrustee | 3 | $0 |
Brent Wunderlich Vice Chairman | OfficerTrustee | 3 | $0 |
Wynn Dee Baker Secretary | OfficerTrustee | 1.5 | $0 |
Chris North Treasurer | OfficerTrustee | 2 | $0 |
Debbie Campbell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $109,496 |
| Related organizations | $0 |
| Government grants | $22,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $558,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $689,820 |
| Total Program Service Revenue | $0 |
| Investment income | $540,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,016 |
| Net Income from Fundraising Events | $51,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,350,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $274,763 |
| Grants and other assistance to domestic individuals. | $17,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,000 |
| Compensation of current officers, directors, key employees. | $103,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,501 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,475 |
| Fees for services: Other | $3,727 |
| Advertising and promotion | $374 |
| Office expenses | $2,235 |
| Information technology | $4,486 |
| Royalties | $0 |
| Occupancy | $17,893 |
| Travel | $1,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $831 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74 |
| Insurance | $1,886 |
| All other expenses | $0 |
| Total functional expenses | $512,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $898,102 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,329 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,912,032 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,812,463 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $147,200 |
| Total liabilities | $147,200 |
| Net assets without donor restrictions | $620,101 |
| Net assets with donor restrictions | $9,045,162 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,812,463 |
Grants Awarded
Over the last fiscal year, Montgomery County Community Foundation has awarded $188,603 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Conroe, TX PURPOSE: FUNDING TO BE USED TO PROVIDE PROGRAM SUPPORT FOR CAC'S SERVICES INCLUDING PROGRAM DELIVERY, CLIENT ASSISTANCE AND CASE MANAGEMENT. RENT AND UTILITIES DURING ARCTIC BLAST, | $37,282 |
Conroe, TX PURPOSE: SUPPORT FOOD FOR SENIORS PROGRAM INCLUDING SENIOR BOX PROGRAM AND NUTRITION EDUCATION. SUPPORT FOOD FOR ARCTIC BLAST. | $33,081 |
Conroe, TX PURPOSE: FUNDS FOR CONSTRUCTION OF NEW ADMINISTRATION AND AUTO REPAIR CENTER NEEDED TO INCREASE OUR OPERATING EFFICIENCY AND TRIPLE THROUGHPUT. NET RESULT TO EXTEND OUTREACH AND ASSIST MANY MORE SINGLE MOTHERS, WIDOWS AND WIVES OF DEPLOYED MILITARY IN NEED OF RELIABLE TRANSPORTATION. | $19,173 |
Conroe, TX PURPOSE: OPERATING FUNDS | $16,200 |
Spring, TX PURPOSE: OFFSET THE 2022 RFK CHILDREN'S SUMMER CAMP CATERING EXPENSES FOR CHILDREN 7 TO 11 WHO ARE CURRENTLY IN FOSTER CARE. ONE OF FOUR CAMPS OFFERED. | $11,673 |
ANGEL REACH PURPOSE: TO EXPAND THE ANGEL REACH FOSTER SUCCESS INITIATIVE TO INCLUDE LEARNING INTERVENTION SESSIONS WHICH WILL PROVIDE CONCENTRATED EDUCATION INTERVENTION TO ENSURE SUCCESS FOR OUR YOUNG PEOPLE WHO STRUGGLE WITH LEARNING DIFFICULTIES. | $10,700 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Montgomery County Community Foundation has recieved totaling $14,350.
| Awarding Organization | Amount |
|---|---|
Margaret And Foster Madeley Familyfoundation Dallas, TX PURPOSE: TO PROVIDE GRANTS TO MONTGOMERY COUNTY NON-PROFIT AGENCIES AND TO IMPROVE THE QUALITY OF LIFE IN MONTGOMERY COUNTY | $13,000 |
Mckesson Foundation Dallas, TX PURPOSE: CHARITABLE | $1,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $350 |
Endowment Analysis
| Beg. Balance | $8,519,893 |
| Earnings | $587,225 |
| Net Contributions | $557,824 |
| Grants | $291,763 |
| Ending Balance | $9,373,179 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX | $387,395,879 | $137,312,103 |
Austin Community Foundation Austin, TX | $433,764,301 | $88,798,773 |
San Antonio Area Foundation San Antonio, TX | $587,345,748 | $192,937,536 |
The Greater New Orleans Foundation New Orleans, LA | $406,748,750 | $50,799,913 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of North Texas Fort Worth, TX | $520,525,998 | $72,575,782 |
Baton Rouge Area Foundation Baton Rouge, LA | $293,247,071 | $35,030,558 |
Astros Golf Foundation Houston, TX | $9,630,590 | $24,941,045 |
Santa Fe Community Foundation Santa Fe, NM | $107,508,749 | $26,179,829 |
Houston Jewish Community Foundation Houston, TX | $219,913,135 | $24,014,170 |
El Paso Community Foundation El Paso, TX | $84,044,216 | $21,715,289 |