2017-06-07T12:35:01-05:00 2016-12-31 521268363 DRAPER & MCGINLEY PA 365 W PATRICK ST FREDERICK MD 21701 990 2016-01-01 520857236 MONTGOMERY VILLAGE FOUNDATION INC MONT 3019480110 10120 APPLERIDGE ROAD MONTGOMERY VILLAGE MD 208861030 DAVID B HUMPTON EXECUTIVE VICE PRESIDENT 3019480110 2017-05-26 1 MICHELE MILLS P01444499 3016947411 173.10.150.17 2017-05-26 14:05:36 ED P C1BB04EEE66D04BCF9FDF90EA2993B7C3074C6BB C1BB04EEE66D04BCF9FDF90EA2993B7C3074C6BB 2016 2021-01-29 14:40:06Z DAVID B HUMPTON 10120 APPLERIDGE RD MONTGOMERY VILLAGE MD 20886 11743826 0 X WWW.MONTGOMERYVILLAGE.COM X 1966 MD 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. 9 9 218 70 144553 -83332 6320420 6425938 396531 528704 63917 172876 1376987 1150501 8157855 8278019 0 0 0 0 4385457 4465899 0 0 0 3010275 3021641 7395732 7487540 762123 790479 14804215 16010938 1069728 1358098 13734487 14652840 X 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. 0 0 1176047 359696 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. 2525354 384151 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. 684146 790805 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. 268092 INCLUDES USER FEE PROGRAMS AND POPLAR SPRING. 268092 4653639 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 49 0 1 218 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X W GREGORY SNELLINGS CPA 3019480110 10120 APPLERIDGE ROAD MONTGOMERY VILLAGE MD 208861030 PETE YOUNG PRESIDENT 1.00 X X 0 0 0 DENNIS CLARK VICE PRESIDENT 1.00 X X 0 0 0 GLENN GARGAN DIRECTOR 1.00 X 0 0 0 JOHN DRISCOLL DIRECTOR 1.00 X 0 0 0 SCOTT DYER DIRECTOR 1.00 X 0 0 0 PAM BORT DIRECTOR 1.00 X 0 0 0 PETER WEBB DIRECTOR 1.00 X 0 0 0 ROBERT CAREY TREASURER 1.00 X X 0 0 0 JIM MARSH DIRECTOR 1.00 X 0 0 0 LAURA FRANKE DIRECTOR 1.00 X 0 0 0 DAVID HUMPTON EXECUTIVE VICE PRESIDENT 40.00 X 196143 0 10279 W GREGORY SNELLINGS CPA CHIEF FINANCIAL OFFICER 40.00 X 170600 0 12735 MICHAEL CONROY CORPORATE SECRETARY 40.00 X 80625 0 24016 CHRISTOPHER HITCHENS COUNSEL 40.00 X 131529 0 7322 MARGARET MARK DIRECTOR OF RECREATION 40.00 X 121768 0 7609 KAREN KODJANIAN DIRECTOR OF COMM. MGMT. 40.00 X 103273 0 13341 803938 0 75302 5 0 1 0 KELLER CONSTRUCTION MANAGEMENT 1012 RISING RIDGE ROAD MT AIRY MD 21771 POOL CONSTRUCTION/RENOVATION 767929 BRICKMAN GROUP HOLDINGS 3630 SOLUTIONS CENTER CHICAGO IL 60677 LANDSCAPE SERVICES 574570 TOTAL ASPHALT MAINTENANCE LLC 6112 OLNEY-LAYTONSVILLE RD GAITHERSBURG MD 20882 ASPHALT SERVICES 127164 US SECURITY ASSOCIATES 200 MANSELL COURT 5TH FLOOR ROSWELL GA 30076 SECURITY SERVICES 101698 4 6425938 6425938 CLASSES/OTHER PROGRAMS 900099 257180 257180 VILLAGE NEWS ADS 541800 144553 144553 POOL MEMBERSHIPS/RENTAL FEES 900099 126971 126971 528704 151928 151928 3486755 3464610 1197 22145 -1197 20948 20948 MANAGEMENT FEE INCOME 561000 790805 790805 OTHER INCOME 900099 359696 359696 1150501 8278019 1534652 144553 172876 494848 104641 390207 3014806 1435808 1578998 130324 60367 69957 518783 219960 298823 307138 165893 141245 86002 433 85569 29216 29216 8359 4107 4252 369630 174881 194749 287073 232993 54080 20014 13339 6675 571984 571984 114341 90383 23958 LANDSCAPE/MAINTENANCE 939916 589012 350904 BUSINESS EXPENSES 189896 149985 39911 PROGRAM SUPPLIES 126833 123533 3300 OTHER - SECURITY 107128 102223 4905 171249 1186081 -1014832 7487540 4653639 2833901 0 993734 808064 1068441 1322259 710174 631766 34380 62333 13383102 5999322 6447898 7383780 5549588 5802736 14804215 16010938 453267 750877 489178 485133 127283 122088 1069728 1358098 X 13729887 14649076 4600 3764 13734487 14652840 14804215 16010938 790479 127874 0 X X 0 1 X 1 0 0 0 0 6425938 1288163 870038 418125 924387 767838 156549 11170552 4361446 6809106 7383780 SUNSTREAM CAPITAL LEASE 122088 122088 X 8405893 127874 127874 8278019 0 8278019 0 0 0 0 0 PART X, LINE 2: THE FOUNDATION HAS ADOPTED FASB ASC 740-10 AND ACCOUNTING STANDARDS UPDATE (ASU) 2009-06. AS PART OF THOSE ADOPTIONS, 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, 2016 AND 2015, 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, 2016 AND 2015. PURSUANT TO INTERNAL REVENUE SERVICE RULES FOR THE STATUTE OF LIMITATIONS, THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2013. X X X X 0 0 0 0 0 0 0 0 0 DAVID HUMPTON EXECUTIVE VICE PRESIDENT 176643 0 19500 0 0 0 9279 0 1000 0 206422 0 0 0 W GREGORY SNELLINGS CPA CHIEF FINANCIAL OFFICER 160600 0 10000 0 0 0 9274 0 3461 0 183335 0 0 0 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 11B 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. PART XI LINE 2C THE AUDIT COMMITTEE REVIEWS AND RECOMMENDS ACCEPTANCE OF THE AUDITED FINANCIAL STATEMENTS TO THE MVF BOARD.