MONTGOMERY VILLAGE FOUNDATION INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MONTGOMERY VILLAGE FOUNDATION INC (EIN 52-0857236)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-30
- IRS object ID
- 201211519349300106
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-30T08:34:21-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521268363 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DRAPER & MCGINLEY PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 365 W PATRICK ST | AddressLine1 |
| City | FREDERICK | City |
| State | MD | State |
| ZIP Code | 21701 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520857236 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MONTGOMERY VILLAGE FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MONT | NameControl |
| Phone | 3019480110 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10120 APPLERIDGE ROAD | AddressLine1 |
| City | MONTGOMERY VILLAGE | City |
| State | MD | State |
| ZIP Code | 208861030 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID B HUMPTON | Name |
| Title | EXECUTIVE VICE PRESIDENT | Title |
| Phone | 3019480110 | Phone |
| Date Signed | 2012-05-30 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHELE MILLS | Name |
| PTIN | P01444499 | PTIN |
| Phone | 3016947411 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DAVID B HUMPTON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10120 APPLERIDGE RD | AddressLine1 |
| City | MONTGOMERY VILLAGE | City |
| State | MD | State |
| ZIP Code | 20886 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 8642585 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.MVF.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1966 | YearFormation |
| State Legal Domicile | MD | StateLegalDomicile |
| Activity Or Mission Description | MONTGOMERY VILLAGE FOUNDATION, INC. (THE FOUNDATION), A NON-PROFIT MEMBERSHIP CORPORATION, WAS FORMED FOR THE PRESERVATION, PROTECTION, AND ENHANCEMENT OF THE VALUES AND AMENITIES IN MONTGOMERY VILLAGE, A PLANNED COMMUNITY. THE FOUNDATION HAS BEEN DELEGATED AND ASSIGNED THE POWERS OF OWNING, MAINTAINING, AND ADMINISTERING THE COMMON PROPERTIES AND FACILITIES, ADMINISTERING AND ENFORCING THE COVENANTS AND RESTRICTIONS, AND COLLECTING AND DISBURSING THE ASSESSMENTS AND CHARGES CREATED BY COVENANTS. MEMBERSHIP IN THE FOUNDATION IS AUTOMATIC WITH THE PURCHASE OF A DWELLING UNIT IN MONTGOMERY VILLAGE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 267 | TotalNbrEmployees |
| Total Nbr Volunteers | 80 | TotalNbrVolunteers |
| Total Gross UBI | 164351 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -41670 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 5460513 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5569083 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 551059 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 585722 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 169350 | InvestmentIncomePriorYear |
| Investment Income Current Year | 378283 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2123099 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2033622 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 8304021 | TotalRevenuePriorYear |
| Total Revenue Current Year | 8566710 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 4702950 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 5029382 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2736212 | OtherExpensePriorYear |
| Other Expenses Current Year | 2706414 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 7439162 | TotalExpensesPriorYear |
| Total Expenses Current Year | 7735796 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 864859 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 830914 | RevenuesLessExpensesCY |
| Total Assets BOY | 11210378 | TotalAssetsBOY |
| Total Assets EOY | 12388437 | TotalAssetsEOY |
| Total Liabilities BOY | 1107262 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 897240 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 10103116 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 11491197 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | MONTGOMERY VILLAGE FOUNDATION, INC. (THE FOUNDATION), A NON-PROFIT MEMBERSHIP CORPORATION, WAS FORMED FOR THE PRESERVATION, PROTECTION, AND ENHANCEMENT OF THE VALUES AND AMENITIES IN MONTGOMERY VILLAGE, A PLANNED COMMUNITY. THE FOUNDATION HAS BEEN DELEGATED AND ASSIGNED THE POWERS OF OWNING, MAINTAINING, AND ADMINISTERING THE COMMON PROPERTIES AND FACILITIES, ADMINISTERING AND ENFORCING THE COVENANTS AND RESTRICTIONS, AND COLLECTING AND DISBURSING THE ASSESSMENTS AND CHARGES CREATED BY COVENANTS. MEMBERSHIP IN THE FOUNDATION IS AUTOMATIC WITH THE PURCHASE OF A DWELLING UNIT IN MONTGOMERY VILLAGE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 1 | SignificantChange |
| Expense | 1368713 | Expense |
| Revenue | 265920 | Revenue |
| Description | MONTGOMERY VILLAGE FOUNDATION FUND - PROVIDES FOR THE GENERAL GOVERNANCE, OPERATION, AND MAINTENANCE OF COMMON PROPERTIES (PARKS AND LAKES), ARCHITECTURAL STANDARDS, AND COMMUNICATIONS. ASSESSMENTS ARE LEVIED ON ALL MEMBERS OF THE FOUNDATION TO SUPPORT THIS FUNCTION. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2270683 | Expense |
| Revenue | 421371 | Revenue |
| Description | DESIGNATED USER FACILITIES FUND - PROVIDES FOR THE OPERATION AND MAINTENANCE OF THE COMMUNITY CENTERS, POOLS, AND TENNIS COURTS OWNED BY THE FOUNDATION. ASSESSMENTS ARE LEVIED ONLY ON MEMBERS WHO ARE DESIGNATED TO USE THE FACILITIES. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 664680 | Expense |
| Revenue | 824138 | Revenue |
| Description | COMMUNITY MANAGEMENT FUND - PROVIDES MANAGEMENT SERVICES, AT COST, TO THE HOMES CORPORATIONS AND CONDOMINIUM ASSOCIATIONS WITHIN MONTGOMERY VILLAGE THAT CONTRACT FOR THE SERVICE. REVENUE IS GENERATED FROM THE USERS OF THIS FUNCTION. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 828989 | Expense |
| Revenue | 1191689 | Revenue |
| Description | INCLUDES USER FEE PROGRAMS, POPLAR SPRING AND THE MAINTENANCE ACTIVITY FUND. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 828989 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 1191689 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 5133065 | TotalProgramServiceExpense |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 1 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 63 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 267 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | W GREGORY SNELLINGS CPA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3019480110 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10120 APPLERIDGE ROAD | AddressLine1 |
| City | MONTGOMERY VILLAGE | City |
| State | MD | State |
| ZIP Code | 208861030 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (13 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| ROBERT HYDORN | ||||||
| PRESIDENT, DIRECTOR | 1.00 | X | X | 0 | 0 | 0 |
| JOHN DRISCOLL | ||||||
| VICE PRESIDENT, DIRECTOR | 1.00 | X | X | 0 | 0 | 0 |
| DENNIS CLARK | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SCOTT DYER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MARK FIRLEY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SCOTT JOHNSON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LINC PERLEY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| RICHARD WRIGHT | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PETE YOUNG | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| BETH-ELLEN BERRY CPA | ||||||
| TREASURER, EX-OFFICIO | 1.00 | X | 0 | 0 | 0 | |
| DAVID HUMPTON | ||||||
| EXECUTIVE VICE PRESIDENT | 40.00 | X | 163420 | 0 | 20850 | |
| MICHAEL CONROY | ||||||
| CORPORATE SECRETARY | 40.00 | X | 59908 | 0 | 3894 | |
| W GREGORY SNELLINGS CPA | ||||||
| CHIEF FINANCIAL OFFICER | 40.00 | X | 144268 | 0 | 10828 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 367596 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 35572 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| AETNA | |||||
| PO BOX 804735 | CHICAGO | IL | 60680 | INSURANCE | 174226 |
| PHILADELPHIA INSURANCE | |||||
| PO BOX 70251 | PHILADELPHIA | PA | 19176 | INSURANCE | 139851 |
| AMERICAN PROTECTIVE SERVICES | |||||
| PO BOX 1430 | GERMANTOWN | MD | 20875 | SECURITY | 119192 |
| POOLSERVICE COMPANY | |||||
| 4320 LEE HIGHWAY | ARLINGTON | VA | 22207 | POOL REPAIRS/MAINTENANCE | 112773 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Membership Dues | 5568583 | MembershipDues |
| All Other Contributions | 500 | AllOtherContributions |
| Total Contributions | 5569083 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| CLASSES/OTHER PROGRAMS | 900099 | 421371 | 421371 | |
| VILLAGE NEWS ADS | 541800 | 164351 | 164351 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 585722 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 130158 | TotalRevenueColumn |
| Exclusion | $130,158 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 324000 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 75875 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 248125 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 248125 | TotalRevenueColumn |
| Related Or Exempt Function Income | 248125 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| MAINTENANCE FEE INCOME | 811000 | 943564 | 943564 |
| MANAGEMENT FEE INCOME | 561000 | 824138 | 824138 |
| OTHER INCOME | 900099 | 265920 | 265920 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2033622 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8566710 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2703118 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 164351 | UnrelatedBusinessRevenue |
| Exclusion | $130,158 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 367596 | Total |
| Program Services | 147038 | ProgramServices |
| Management And General | 220558 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3560310 | Total |
| Program Services | 1974715 | ProgramServices |
| Management And General | 1585595 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 140759 | Total |
| Program Services | 75165 | ProgramServices |
| Management And General | 65594 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 542087 | Total |
| Program Services | 289704 | ProgramServices |
| Management And General | 252383 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 418630 | Total |
| Program Services | 253769 | ProgramServices |
| Management And General | 164861 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98979 | Total |
| Program Services | 1248 | ProgramServices |
| Management And General | 97731 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32739 | Total |
| Management And General | 32739 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52539 | Total |
| Program Services | 33007 | ProgramServices |
| Management And General | 19532 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 237799 | Total |
| Program Services | 109971 | ProgramServices |
| Management And General | 127828 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 345299 | Total |
| Program Services | 278254 | ProgramServices |
| Management And General | 67045 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 506340 | Total |
| Management And General | 506340 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 146110 | Total |
| Program Services | 84762 | ProgramServices |
| Management And General | 61348 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| SUPPLIES | 328317 | 255571 | 72746 |
| LANDSCAPE/MAINTENANCE | 285355 | 152816 | 132539 |
| BUSINESS EXPENSES | 212404 | 163855 | 48549 |
| OTHER | 133270 | 53626 | 79644 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 327263 | Total |
| Program Services | 1259564 | ProgramServices |
| Management And General | -932301 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7735796 | Total |
| Program Services | 5133065 | ProgramServices |
| Management And General | 2602731 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 305466 | BOY |
| EOY | 260918 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 544278 | BOY |
| EOY | 841731 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 747349 | BOY |
| EOY | 663164 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74322 | BOY |
| EOY | 49769 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 9745736 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 6241841 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3655167 | BOY |
| EOY | 3503895 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5883796 | BOY |
| EOY | 7068960 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11210378 | BOY |
| EOY | 12388437 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 735600 | BOY |
| EOY | 544062 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 371662 | BOY |
| EOY | 353178 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1107262 | BOY |
| EOY | 897240 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10097116 | BOY |
| EOY | 11487760 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6000 | BOY |
| EOY | 3437 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10103116 | BOY |
| EOY | 11491197 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11210378 | BOY |
| EOY | 12388437 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 830914 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 557167 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nondeduct | 1 | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | 1 | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | 0 | AgreeToCarryoverPriorYear |
Schedule D IRS990ScheduleD
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1575180 | OtherCostOrOtherBasis |
| Depreciation | 1062220 | Depreciation |
| Book Value | 512960 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1084080 | OtherCostOrOtherBasis |
| Depreciation | 921470 | Depreciation |
| Book Value | 162610 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7086476 | OtherCostOrOtherBasis |
| Depreciation | 4258151 | Depreciation |
| Book Value | 2828325 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 3503895 | TotalOfBookValueLandBuildings |
| Total Revenue | 8566710 | TotalRevenue |
| Total Expenses | 7735796 | TotalExpenses |
| Excess Or Deficit For Year | 830914 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 557167 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 557167 | TotalAdjustments |
| Excess Or Deficit Per FS | 1388081 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 9123877 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 557167 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 557167 | RevenueNotRptdF990 |
| Revenue Subtotal | 8566710 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 8566710 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 7735796 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 7735796 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 7735796 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | DURING 2009, THE FOUNDATION ADOPTED FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 AND ACCOUNTING STANDARDS UPDATE (ASU) 2009-06. AS PART OF THAT ADOPTION, THE FOUNDATION CONSIDERED THE POSSIBILITY OF UNCERTAIN TAX POSITIONS AND THEIR IMPACT ON THE FINANCIAL POSITION OF THE FOUNDATION. THE MOST SIGNIFICANT TAX POSITIONS OF THE FOUNDATION ARE ITS TAX-EXEMPT STATUS AND THE DETERMINATION OF UNRELATED BUSINESS TAXABLE INCOME. AS OF DECEMBER 31, 2011 AND 2010, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS. THE FOUNDATION ACCRUES INTEREST AND PENALTIES (IF APPLICABLE) IN INCOME TAXES PAYABLE ON THE STATEMENT OF FINANCIAL POSITION AND RECORDS ANY EXPENSE IN THE PROVISION FOR INCOME TAXES IN THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. THE FOUNDATION HAD NO PENALTIES OR INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010. PURSUANT TO INTERNAL REVENUE SERVICE RULES FOR THE STATUTE OF LIMITATION, THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2008. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID HUMPTON | |||||||||||||
| 152420 | 0 | 5000 | 0 | 6000 | 0 | 20850 | 0 | 0 | 0 | 184270 | 0 | 0 | 0 |
| W GREGORY SNELLINGS CPA | |||||||||||||
| 139268 | 0 | 5000 | 0 | 0 | 0 | 10828 | 0 | 0 | 0 | 155096 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| CHANGES IN PROGRAM SERVICES | FORM 990, PART III, LINE 3 | THE BOARD OF DIRECTORS APPROVED THE OUTSOURCING OF MVF'S LANDSCAPING AND MAINTENANCE FUNCTION ACTIVITIES DURING 2011. WITH THIS DECISION, THE MAINTENANCE ACTIVITY FUND WILL BE ELIMINATED AS ONE OF MVF'S SIX OPERATING FUNDS AFTER DECEMBER 31, 2011. |
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERSHIP IN THE FOUNDATION IS AUTOMATIC WITH THE PURCHASE OF A DWELLING UNIT IN MONTGOMERY VILLAGE. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS MUST APPROVE ANY CHANGES TO THE BYLAWS. ALSO, THROUGH THE REPRESENTATIVES, THEY VOTE TO INCREASE THE ASSESSMENT CEILING. | |
| FORM 990, PART VI, SECTION B, LINE 11 | A DRAFT COPY OF THE FORM 990 WAS PROVIDED TO MANAGEMENT AND THE MVF BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST STATEMENTS ARE COMPLETED BY THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE EXECUTIVE VICE PRESIDENT IS DETERMINED BY THE BOARD OF DIRECTORS. THAT POSITION IS ALSO INCLUDED IN ANY COMPENSATION SURVEYS PERFORMED. SALARY INCREASES FOR EMPLOYEES ARE SET ANNUALLY BY THE BOARD OF DIRECTORS DURING THE BUDGET PROCESS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | CERTAIN DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE; OTHERS ARE AVAILABLE UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 557,167. |
| PART XI LINE 2C | THE AUDIT COMMITTEE REVIEWS AND RECOMMENDS ACCEPTANCE OF THE AUDITED FINANCIAL STATEMENTS TO THE MVF BOARD. |