2013-05-06T14:16:30-05:00 2012-12-31 521268363 DRAPER & MCGINLEY PA 365 W PATRICK ST FREDERICK MD 21701 990 2012-01-01 520857236 MONTGOMERY VILLAGE FOUNDATION INC MONT 3019480110 10120 APPLERIDGE ROAD MONTGOMERY VILLAGE MD 208861030 DAVID B HUMPTON 3019480110 2013-04-30 1 MICHELE MILLS P01444499 3016947411 2012 2016-02-25 16:41:14Z DAVID B HUMPTON 10120 APPLERIDGE RD MONTGOMERY VILLAGE MD 20886 10477855 0 X WWW.MVF.ORG 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 9 233 80 141875 -61814 5569083 5639763 585722 545863 378283 465429 2033622 1125793 8566710 7776848 0 0 0 0 5029382 4161535 0 0 0 2706414 2792111 7735796 6953646 830914 823202 12388437 12927480 897240 833900 11491197 12093580 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 1457542 666069 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. 2290345 403988 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. 671846 811703 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. 334367 INCLUDES USER FEE PROGRAMS AND POPLAR SPRING. 334367 4754100 0 0 0 1 0 0 0 0 0 1 0 0 0 0 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 27 0 233 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 X W GREGORY SNELLINGS CPA 3019480110 10120 APPLERIDGE ROAD MONTGOMERY VILLAGE MD 208861030 ROBERT HYDORN 1.00 X X 0 0 0 JOHN DRISCOLL 1.00 X X 0 0 0 DENNIS CLARK 1.00 X 0 0 0 SCOTT DYER 1.00 X 0 0 0 MARK FIRLEY 1.00 X 0 0 0 SCOTT JOHNSON 1.00 X 0 0 0 LINC PERLEY 1.00 X 0 0 0 PETE YOUNG 1.00 X 0 0 0 BETH-ELLEN BERRY CPA 1.00 X 0 0 0 DAVID HUMPTON 40.00 X 174321 0 8426 MICHAEL CONROY 40.00 X 61690 0 4243 W GREGORY SNELLINGS CPA 40.00 X 163649 0 8503 PEGGY MARK 40.00 X 111178 0 6073 510838 0 27245 2 0 1 0 BRICKMAN 24600 FREDERICK ROAD CLARKSBURG MD 20871 MAINTENANCE 482040 AETNA PO BOX 804735 CHICAGO IL 60680 INSURANCE 145088 HERITAGE BUILDERS 8501 GARFIELD DRIVE GAITHERSBURG MD 20882 CONSTRUCTION 129096 PHILADELPHIA INSURANCE PO BOX 70251 PHILADELPHIA PA 19176 INSURANCE 122022 AMERICAN PROTECTIVE SERVICES PO BOX 1430 GERMANTOWN MD 20875 SECURITY 119247 5 5634546 5217 5639763 CLASSES/OTHER PROGRAMS 900099 403988 403988 VILLAGE NEWS ADS 541800 141875 141875 545863 113450 113450 3052986 2701007 351979 351979 351979 MANAGEMENT FEE INCOME 561000 811703 811703 OTHER INCOME 900099 314090 314090 1125793 7776848 1881760 141875 113450 420832 168333 252499 2869375 1311867 1557508 104053 42532 61521 438922 178764 260158 328353 150457 177896 153546 12712 140834 38530 38530 30460 29034 1426 277863 136740 141123 292010 232861 59149 423485 423485 109556 72324 37232 LANDSCAPE/MAINTENANCE 883557 707988 175569 BUSINESS EXPENSES 196686 156155 40531 SUPPLIES 130186 125760 4426 OTHER 120684 112089 8595 135548 1316484 -1180936 6953646 4754100 2199546 0 260918 2810386 841731 507641 663164 707872 49769 83725 10362372 6655041 3503895 3707331 7068960 5110525 12388437 12927480 544062 472487 353178 361413 897240 833900 X 11487760 12085325 3437 8255 11491197 12093580 12388437 12927480 823202 -220819 0 X X 0 1 X 1 0 1 0 0 1578041 1101752 476289 1160678 956110 204568 7623653 4597179 3026474 3707331 X 7556029 -220819 -220819 7776848 0 7776848 6953646 0 6953646 0 6953646 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2012 AND 2011, 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, 2012 AND 2011. 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 2009. X X X X 0 0 0 0 0 0 0 0 0 DAVID HUMPTON 159321 0 15000 0 0 0 8426 0 0 0 182747 0 0 0 W GREGORY SNELLINGS CPA 145649 0 18000 0 0 0 8503 0 0 0 172152 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 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. PART XI LINE 2C THE AUDIT COMMITTEE REVIEWS AND RECOMMENDS ACCEPTANCE OF THE AUDITED FINANCIAL STATEMENTS TO THE MVF BOARD.