2023-11-13T15:36:43-07:00 2023-06-30 990 2022-07-01 521804509 MONTGOMERY COUNTY PUBLIC SCHOOLS EDUCATIONAL FOUNDATION INC MONT 2407403216 850 Hungerford Drive Room 149 Rockville MD 20850 Dr Kristen Wong Callisto Acting Executive Director 2407403216 2023-11-14 1 0 11 1 AAL2 X 2022 2023-04-26 12:10:37Z Dr Kristen Wong Callisto 850 Hungerford Drive Rockville MD 20850 3575894 0 X www.mcpsfoundation.org X 1989 MD The mission of the Montgomery County Public Schools (MCPS) Educational Foundation is to support student success in MCPS. The Foundation's programs span from scholarships to students, small grants to educators and schools, fundraising for student supports such as providing backpacks of supplies, and other support for the strategic initiatives of MCPS. 18 17 4 30 0 0 736155 2903838 0 0 70888 19154 30525 652902 837568 3575894 910487 2839736 0 0 170177 184228 0 0 0 222019 137437 1302683 3161401 -465115 414493 6695771 9861162 934019 2948721 5761752 6912441 The mission of the Montgomery County Public Schools (MCPS) Educational Foundation is to support student success in MCPS. The Foundation's programs span from scholarships to students, small grants to educators and schools, fundraising for student supports such as providing backpacks of supplies, and other support for the strategic initiatives of MCPS. 0 0 1930000 1930000 A generous gift from the Ruth and Norman Rales Foundation established the Ruth and Norman Rales-Patricia Baier O'Neill Scholarship Recognizing Academic Excellence for MCPS seniors. From the class of 2023, 193 seniors were awarded the four-year Rales-O'Neill scholarship totaling $10,000. In the spring of 2023, the Foundation recognized all Foundation scholarship awardees, including the inaugural Rales-O'Neill recipients, at a beautiful reception and event held at the Strathmore Music Center that was keynoted by Robert Kabera, a young entrepreneur who focuses on using artificial intelligence to predict risk across energy, climate, agriculture, and financial services. 362671 362671 The ongoing funding from the Howard Hughes Medical Institute enabled MCPS to continue making foundational changes in science instruction that enable students from all backgrounds to actively engage in innovative science learning experiences. Activities during FY 23 included expanding and enhancing classroom and laboratory experiences, such as providing over 445 DNA Resource Center Investigation kits to middle and high school teachers from the DNA Resource Center; continued participation of students from underrepresented populations to attend STEM summer camps that provide laboratory and field experience in the life, environmental, and physical sciences; and expansion of opportunities like the Youth Climate Summer for students to take action on scientific issues. 165000 165000 The Joseph D. Byrd Scholarship provides a four-year scholarship totaling $40,000 to students at Poolesville High School. Established in 2007, this is one of the most generous awards supported by the Foundation. Four seniors were awarded the Joseph D. Byrd scholarship from the class of 2023. As the costs of post-secondary education continue to rise, the Foundation is proud to have a community of philanthropic donors supporting the students of MCPS with their continued education and career preparation. The Rales-O'Neill and Byrd scholarships represent a portion of the Foundation's endowment that supports its programming - see Schedule D, Part V for an aggregate figure. 382065 382065 The MCPS Educational Foundation also completed several other program services (both scholarship and non-scholarship) in support of its mission during FY 23. 382065 0 382065 2839736 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 4 1 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X X Dennis R Bates 2407407513 850 Hungerford Drive Room 149 Rockville MD 20850 Yolanda Johnson Pruitt Executive Director 32 X 0 120500 0 Susie Leong Director 0 X 0 0 0 Arlandis Rush Director 0 X 0 0 0 Monifa McKnight Superintendent of Schools 0 X 0 0 0 Jennifer Nordheimer Director 0 X 0 0 0 Rebecca Smondrowski Director 0 X 0 0 0 Farzaneh Sabi Director 0 X 0 0 0 Linda Plummer Director 0 X 0 0 0 Matthew Swibel Director 0 X 0 0 0 Steven Cohen Director 0 X 0 0 0 Pennie Abramson Director 0 X 0 0 0 Victoria Samuels Director 0 X 0 0 0 Rob Smith Director 0 X 0 0 0 Joshua Bokee Director 0 X 0 0 0 Brenda Wolff Vice Chairperson 0 X X 0 0 0 Melvyn Leshinsky Chairperson 0 X X 0 0 0 Kim Watson Secretary 0 X X 0 0 0 Paul Leleck Treasurer 0 X X 0 0 0 0 120500 0 1 0 0 0 0 5887 0 0 0 0 2897951 0 2903838 0 0 0 0 0 19154 19154 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Escheatments 900099 652902 652902 0 0 0 0 0 0 652902 3575894 672056 0 0 694236 694236 2145500 2145500 120500 120500 50636 50636 0 13092 13092 20057 20057 54736 54736 8082 8082 4629 4629 Annual Charitable Registration 300 0 300 0 Refund of escheated funds 49633 0 49633 0 0 3161401 2839736 321665 0 109513 519146 27515 29082 6558743 9312934 6695771 9861162 298714 131440 205000 2275000 430305 542281 0 934019 2948721 X 2342823 2650964 3418929 4261477 5761752 6912441 6695771 9861162 414493 736196 0 0 0 0 X 0 1 X 1 0 X 1672410 1987008 1214071 766680 3556740 9196909 1672410 1987008 1214071 766680 3556740 9196909 4006642 5190267 241034 -156581 1138134 70888 19154 1312629 10509538 0.49386 0.724 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2644377 61333 248294 138000 37965 13598 2764441 3138059 71261 -564943 0 0 0 2644377 2429301 0 718758 10000 0 0 3138059 1440404 1039050 -56153 -6000 0 0 2429301 1356544 0 83860 0 0 0 1440404 0.084 0.7054 0.2106 0 0 4312090 736196 0 0 0 736196 3575894 0 0 0 3575894 3161401 0 0 0 0 0 3161401 0 0 0 3161401 Schedule D, Part V, Line 4 The Foundation's endowment funds support scholarships for graduating MCPS students, grants in support of enhanced instruction, grants to facilitate school improvement, as well as awards for teacher recognition. 1 Montgomery County Public Schools 850 Hungerford Drive Rockville MD 20850 526000989 362671 0 Book Science & General Education Montgomery County Public Schools 850 Hungerford Drive Rockville MD 20850 526000989 229957 0 Book School Based Projects 1 0 Toolkits Project 2100 0 13317 Book School supplies for Grade K Give BACKpacks project 10573 0 88291 Book School supplies for students in need Tuition/Scholarships 213 2145500 0 Book Higher Ed. tuition, books and other school related expenses Schedule I, Part I, Line 2 Grants for science and general education are awarded and budgeted with specific objectives and goals. Program directors and coordinators are required to submit programs and financial reports that detail their accomplishments and how the funds were expended. Upon completion of the project the same reporting is required from recipients of small grants that are issued to schools' curriculum. Students awarded scholarships for more than one year must comply with grade point average requirements that must be proven to continue funding, and tuition statements are required annual to confirm continued enrollment. Form 990, Part VI, Section B, Line 11b IRS Form 990 and accompanying schedules are prepared in consultation with the Foundation Executive Director, Treasurer and board chair. A copy is distributed via email to the entire Board of Directors for their review and comment. The message is sent with the subject line: Notice of Intent to File IRS Form 990 for Fiscal Year 2023. Directors are given a deadline by which to provide comments. Form 990, Part VI, Section B, Line 12c The Foundation has a written Conflict of Interest policy and a Conflict of Interest Statement is presented to each director annually for review and signature. The signed document is collected and retained on file. Continuation as a director is contingent upon submission of this signed statement. Form 990, Part VI, Section B, Line 15 A committee comprised of Board Officers was formed which discussed the requirements of the position and development of an advertisement. The Foundation Chair and Treasurer investigated through the evaluation of 990 IRS forms from other organizations the range of salaries for executive director positions, compiled the findings and reported to the Board. The Board agreed that a salary would be commensurate with the individual's experience. Form 990, Part VI, Section C, Line 19 The Foundation is a registered charity in the State of Maryland and all filed documents can be requested through an online business lookup website provided by the State of Maryland. The Foundation also makes its IRS Form 990 and audited financial statements available on its website (www.mcpsfoundation.org).