2026-04-10T16:37:20-05:00 2025-06-30 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2024-07-01 561834221 MONTGOMERY COMMUNITY COLLEGE FOUNDATION INC MONT 9105766222 1011 PAGE STREET TROY NC 27371 JEANETTE MCBRIDE TREASURER 9105766222 2026-04-10 1 1 REBECCA FISHER P01690017 7044993893 2026-04-10 2024 2025-03-06 01:10:19Z JEANETTE MCBRIDE 1011 PAGE STREET TROY NC 27371 710932 0 X WWW.MONTGOMERY.EDU X 1993 NC THE PURPOSE OF THE FOUNDATION IS TO FOSTER PUBLIC UNDERSTANDING AND SUPPORT FOR MONTGOMERY COMMUNITY COLLEGE, AND TO SOLICIT AND PROMOTE DONATIONS OF ANY KIND FOR THE EXCLUSIVE USE OF MONTGOMERY COMMUNITY COLLEGE. 18 18 0 25 0 0 272200 523331 0 0 537326 186748 -32730 -35968 776796 674111 199307 204747 0 0 0 0 0 0 0 62821 78035 262128 282782 514668 391329 5021693 5748289 0 0 5021693 5748289 THE PURPOSE OF THE FOUNDATION IS TO FOSTER PUBLIC UNDERSTANDING AND SUPPORT FOR MONTGOMERY COMMUNITY COLLEGE, AND TO SOLICIT AND PROMOTE DONATIONS OF ANY KIND FOR THE EXCLUSIVE USE OF MONTGOMERY COMMUNITY COLLEGE. 0 0 158925 158925 PROVIDING FINANCIAL ASSISTANCE TO STUDENTS ATTENDING MONTGOMERY COMMUNITY COLLEGE. 45822 45822 853 CONTRIBUTIONS TO MONTGOMERY COMMUNITY COLLEGE FOR THE SUPPORT OF VARIOUS COLLEGE PROGRAMS. 204747 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X TONYA LUCK 9108989631 1011 PAGE STREET TROY NC 27371 CHAD BLEDSOE SECRETARY 1.00 40.00 X X 0 193010 66382 JEANETTE MCBRIDE TREASURER 1.00 40.00 X X 0 120671 45540 MARK DYE DIRECTOR 1.00 40.00 X 0 86072 35026 MIKE COLLINS DIRECTOR 1.00 40.00 X 0 64143 28287 JEAN ABBOTT PRESIDENT 1.00 0.00 X X 0 0 0 ANDREA MARSHALL DIRECTOR 1.00 0.00 X 0 0 0 ANGIE SASSER DIRECTOR 1.00 0.00 X 0 0 0 ARRON W E CAPEL III DIRECTOR 1.00 0.00 X 0 0 0 D GARY MCRAE DIRECTOR 1.00 0.00 X 0 0 0 DAVE ODOM DIRECTOR 1.00 0.00 X 0 0 0 EARL LEAKE DIRECTOR 1.00 0.00 X 0 0 0 GORDON KNOWLES DIRECTOR 1.00 0.00 X 0 0 0 JEFF JORDAN DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER THOMPSON DIRECTOR 1.00 0.00 X 0 0 0 KATHERINE DUNLAP DIRECTOR 1.00 0.00 X 0 0 0 ROBERT HARRIS DIRECTOR 1.00 0.00 X 0 0 0 RUSSELL FULLER DIRECTOR 1.00 0.00 X 0 0 0 WILL CARPENTER DIRECTOR 1.00 0.00 X 0 0 0 0 463896 175235 0 1 1 0 0 96105 427226 8770 523331 154468 154468 32280 0 32280 32280 32280 0 96105 36821 -36821 -36821 MISCELLANEOUS 900099 853 853 853 674111 853 0 149927 45822 45822 158925 158925 9704 9704 35646 35646 11820 11820 1111 1111 MISCELLANEOUS 15754 15754 PROFESSIONAL DEV. 2000 2000 ALUMNI PROGRAM 2000 2000 282782 204747 78035 0 165775 189615 376888 386270 250000 4479030 4922404 5021693 5748289 0 0 X 165775 189576 4855918 5558713 5021693 5748289 5021693 5748289 391329 335267 0 X 0 1 X 1 0 X 245537 479705 139869 272200 523331 1660642 245537 479705 139869 272200 523331 1660642 1660642 908536 -571525 441905 128410 154468 1061794 55530 70878 80451 206859 2929295 853 0.56690 0.51240 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 55,530. 2021 AMOUNT: $ 70,878. 2022 AMOUNT: $ 80,451. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4479030 101270 546851 204747 4922404 3869604 109622 699111 199307 4479030 3660742 3660742 4316062 -655320 3660742 3416365 899697 4316062 1.00000 0 0 0 X 1098633 335267 88080 -35646 387701 710932 -36821 -36821 674111 372037 88080 36821 124901 247136 35646 35646 282782 PART V, LINE 4: ENDOWMENT INCOME IS RESTRICTED PRIMARILY FOR SCHOLARSHIPS TO STUDENTS ATTENDING MONTGOMERY COMMUNITY COLLEGE AND SUPPORT FOR VARIOUS PROGRAMS AT THE COLLEGE. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES AS A NOT-FOR-PROFIT ORGANIZATION UNDER INTERNAL REVENUE SERVICE (IRS) CODE SECTION 501(C)(3). DURING THE YEARS ENDED JUNE 30, 2025, AND 2024, THE FOUNDATION REPORTED NO UNRELATED BUSINESS TAXABLE INCOME, WHICH IS DEFINED BY THE IRS AS GROSS INCOME DERIVED FROM ANY UNRELATED TRADE OR BUSINESS THAT IS NOT SUBSTANTIALLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. THE FOUNDATION ADOPTED THE PROVISIONS OF FASB ASC 740-10-25 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER THIS PROVISION, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED. THE IMPLEMENTATION HAD NO IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX YEARS IN PROGRESS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2019. AS OF JUNE 30, 2025, AND 2024, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES TO PART IX -35,646. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES TO PART VIII -36,821. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES TO PART VIII 36,821. REVERSE RAFFLE 49689 49689 6000 6705 1200 1181 GOLF TOURNAMENT 23202 23202 536 799 3420 535 1023 1 23214 23214 391 983 2884 2876 8288 96105 96105 6927 1782 6304 10116 1200 10492 36821 -36821 1 MONTGOMERY COMMUNITY COLLEGE 1011 PAGE STREET TROY NC 27371 528991845 501C3 45822 0 TO SUPPORT THE STUDENTS, TEACHERS, PROGRAMS, AND MISSIONS OF THE COLLEGE. 1 SCHOLARSHIPS 122 158925 PART I, LINE 2: THE ORGANIZATION MONITORS ITS GRANT FUNDS THROUGH INTERNAL CONTROLS, RISK ASSESSMENTS, AND CONTINUOUS MONITORING TO ENSURE COMPLIANCE AND EFFECTIVE USE. IT ALSO MAINTAINS DETAILED RECORDS. 0 0 0 0 0 0 0 0 0 CHAD BLEDSOE SECRETARY 0 193010 0 0 0 0 0 44957 0 21425 0 259392 0 0 JEANETTE MCBRIDE TREASURER 0 120671 0 0 0 0 0 29009 0 16531 0 166211 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE TREASURER PRIOR TO FILING AND IS MADE AVAILABLE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE DIRECTOR COLLECTS AND REVIEWS CONFLICT OF INTEREST STATEMENTS FROM DIRECTORS AND STAFF ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. MONTGOMERY COMMUNITY COLLEGE 1011 PAGE STREET TROY NC 27371 528991845 SCHOOL NC 501(C)(3) 170(C)(1) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 MONTGOMERY COMMUNITY COLLEGE B 45822 MONTGOMERY COMMUNITY COLLEGE R 158925 MONTGOMERY COMMUNITY COLLEGE O 88080