2012-04-13T08:48:34-05:00 2011-12-31 232932984 PARENTEBEARD LLC 1220 NORTH MARKET ST SUITE 1001 WILMINGTON DE 19801 990 2011-01-01 236298550 MONTGOMERY COUNTY FOUNDATION MONT 6103139836 2 W LAFAYETTE STREET NO 120 NORRISTOWN PA 19401 VIRGINIA FRANTZ 6103139836 2012-04-03 1 JEFFREY W MITCHELL JR CPA P00362597 3024280888 2011 2016-02-24 21:20:13Z VIRGINIA FRANTZ 2 W LAFAYETTE STREET NO 120 NORRISTOWN PA 19401 4221146 0 X WWW.MCFOUNDATIONINC.ORG X 1960 PA TO DEVELOP, RECEIVE, MANAGE FUNDS RECEIVED AND DISTRIBUTE THEM FOR CHARITABLE PURPOSES. 4 4 0 0 0 0 0 0 12750 11258 263544 904471 0 0 276294 915729 73443 351202 0 0 0 0 0 0 0 379768 83866 453211 435068 -176917 480661 9810568 9354368 70515 118554 9740053 9235814 X THE PRIMARY MISSION OF THE FOUNDATION IS TO DEVELOP, RECEIVE, ADMINISTER AND MANAGE, UNDER COMMUNITY CONTROL, FUNDS RECEIVED FROM PUBLIC AND PRIVATE SOURCES AND DISTRIBUTE THEM FOR CHARITABLE PURPOSES, PRIMARILY TO MEET LOCAL NEEDS. THROUGH THEIR MISSION, THE FOUNDATION MANAGES CHARITABLE FUNDS, DISTRIBUTES REVENUES AND PORTIONS OF PRINCIPLE, WHEN PERMITTED, CONSISTENT WITH DONORS' SPECIFIC AND GENERAL INTERESTS. THIS PROCESS ASSISTS IN MAINTAINING AND ENHANCING THE EDUCATIONAL, SOCIAL, CULTURAL, HEALTH AND CIVIC RESOURCES OF THE COMMUNITY. 0 0 435068 351202 11258 THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE FOR A WIDE RANGE OF COMMUNITY NEEDS THAT INCLUDE EDUCATION, HEALTH AND HUMAN SERVICES AND CULTURAL GROUPS SERVING RESIDENTS OF MONTGOMERY COUNTY. THE FOUNDATION IS A COMMUNITY FOUNDATION AND A 'CATALYST FOR COMMUNITY SOLUTIONS'. THROUGH COLLABORATIVE EFFORTS, THE FOUNDATION ASSISTS IN CONVENING INDIVIDUALS, AGENCIES AND GROUPS, TO STRENGTHEN COMMUNITIES BY ADDRESSING IMPORTANT ISSUES IDENTIFIED THROUGH RESEARCH PROJECTS AND COMMUNITY GROUPS. 435068 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 4 4 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X X VIRGINIA FRANTZ 6103139836 2 WEST LAFAYETTE STREET SUITE 120 NORRISTOWN PA 19401 X THURMAN D BOOKER DO 1.00 X 0 0 0 PAYSON W BURT 1.00 X 0 0 0 JOHN EF CORSON 1.00 X 0 0 0 WILLIAM L LANDSBURG ESQ 1.00 X 0 0 0 0 0 0 0 0 0 0 0 ADMINISTRATIVE FEES 561000 11258 11258 11258 320088 320088 3889800 3305417 584383 584383 584383 915729 11258 0 904471 351202 351202 11257 11257 72609 72609 435068 435068 0 0 95450 36906 322054 603521 9390393 8711270 2671 2671 9810568 9354368 70515 118554 70515 118554 X 9740053 9235814 9740053 9235814 9810568 9354368 X 480661 -984900 X X 0 1 1 X 0 X X X X 0 0 0 MONTGOMERY COUNTY FOUNDATION 233070457 7 0 1 1 303211 1 303211 0 MUTUAL FUNDS 8711270 F 8711270 915729 435068 480661 -984900 -984900 -504239 -69171 -984900 -984900 915729 0 915729 435068 0 435068 0 435068 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: EFFECTIVE JANUARY 1, 2009 THE TRUST ADOPTED ASC 740-10, INCOME TAXES, AS IT RELATES TO UNCERTAIN TAX POSITIONS MANAGEMENT HAS REVIEWED ITS CURRENT AND PAST FEDERAL AND STATE INCOME TAX POSITIONS AND HAS DETERMINED, BASED ON CLEAR AND UNAMBIGUOUS TAX LAW REGULATIONS, THAT THE TAX POSITIONS TAKEN ARE CERTAIN AND THAT THERE IS NO LIKELIHOOD THAT A MATERIAL TAX ASSESSMENT WOULD BE MADE IF A RESPECTIVE GOVERNMENT AGENCY EXAMINED TAX RETURNS SUBJECT TO AUDIT ACCORDINGLY, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED. CURRENTLY, THE 2008, 2009 AND 2010 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE PENNSYLVANIA DEPARTMENT OF REVENUE. HOWEVER, THE TRUST IS NOT CURRENTLY UNDER AUDIT NOR HAS THE TRUST BEEN CONTACTED BY THESE JURISDICTIONS. THERE WERE NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. 0 MONTGOMERY COUNTY FOUNDATION 2 W LAFAYETTE STREET SUITE 120 NORRISTOWN PA 19401 233070457 501(C)(3) 303211 N/A TO SUPPORT GRANT MAKING AND GENERAL OPERATING EXPENSES ELMWOOD PARK ZOO 1661 HARDING BLVD NORRISTOWN PA 19401 231970067 501(C)(3) 10000 N/A TO EXPAND DONOR BASE TO HELP SUPPORT THE ZOO IN THE FUTURE PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANT MONITORING POLICY (A PART OF THE INTERNAL REVIEW POLICY) WAS ESTABLISHED AND APPROVED BY THE BOARD OF DIRECTORS ON JUNE 9, 2005 AND PROVIDES FOR DUE DILIGENCE FOR STATUS, GRANT AGREEMENTS, ASSESSMENT OF APPLICATION, BUDGETS, ETC. AND PROVIDES FOR A FOLLOW UP REPORT NO LATER THAN ONE YEAR FROM THE GRANT DISTRIBUTION FOR GRANTS UNDER $5,000 IT REQUIRES A FINANCIAL REPORT ON THE USE OF THE DOLLARS AS WELL ON GRANTS $5,000-$10,000, QUARTERLY REPORTS ON OUTCOMES AND FINANCIAL USE OF THE GRANT ARE REQUIRED. THOSE REPORTS ARE REVIEWED AND THE AGENCIES ARE CONTACTED FOR CLARIFICATIONS IF THE OUTCOMES ARE NOT MET. NO NEW GRANTS ARE ALLOWED WITHOUT FOLLOW-UP REPORTS AND IF FOLLOW UP REPORTS ARE NOT PROVIDED THE GRANT DOLLARS ARE TO BE RETURNED BY THE AGENCY. GRANTEES MUST REQUEST IN WRITING ANY CHANGE IN THE USE OF THE FUND AND THE STAFF AND CHAIRPERSON OF THE GRANT MAKING COMMITTEE REVIEW CHANGE REQUEST TO DETERMINE ITS ELIGIBILITY FOR ACCEPTANCE. FOLLOW UP REPORTS ARE A PART OF THE FILE FOR THE AGENCY RECEIVING GRANTS AND PERIODIC VISITS MAY BE MADE TO THE AGENCIES. FORM 990, PART VI, SECTION A, LINE 4 ON FEBRUARY 11, 2011, THE FOUNDATION RECEIVED A LETTER OF NO OBJECTION FROM THE OFFICE OF THE ATTORNEY GENERAL OF PENNSYLVANIA TO AMEND THE RESOLUTION AND DECLARATION OF TRUST. THE AMENDMENT INCLUDED A DECREASE IN THE NUMBER OF DISTRIBUTION COMMITTEE MEMBERS, MEMBER SELECTION AND THE VERBIAGE USED THROUGHOUT THE DECLARATION IN AN EFFORT FOR BETTER GOVERNANCE OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED AND APPROVED BY THE MEMBERS OF THE DISTRIBUTION COMMITTEE AND THEN FORWARDED WITH ANY CHANGES TO THE TRUSTEES FOR APPROVAL PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD IS REQUIRED TO ASSESS THEIR RELATIONSHIPS ANNUALLY AND SIGN AN ACKNOWLEDGEMENT AFFIRMING THAT THEY HAVE NO CONFLICTS AS DETAILED IN THE CONFLICTS OF INTEREST POLICY. THE POLICY IS READ AT A BOARD MEETING PRIOR TO COMPLETION OF FORMS AND IS SO NOTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE VIA THE ORGANIZATION'S WEBSITE OR UPON REQUEST. THERE IS ALSO A TRUSTEE-APPROVED POLICY FOR STAFF RESPONSE TO REQUESTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -984,900. PAGE 12 PART XII 2C DURING 2011, THE DISTRIBUTION COMMITTEE WAS DESIGNATED TO REVIEW AND APPROVE THE AUDITED FINANCIAL STATEMENTS. THE MONTGOMERY COUNTY FOUNDATION INC 2 WEST LAFAYETTE STREET NORRISTOWN PA 19401 233070457 ADMINISTRATION OF COMMUNITY FUNDS DISTRIBUTED FOR LOCAL CHARITABLE PURPOSES PA 501(C)(3) LINE 7 N/A 0 HUMAN SERVICE INSTITUTE 2 WEST LAFAYETTE STREET NORRISTOWN PA 19401 TO PROVIDE RESEARCH FOR HEALTH AND HUMAN SERVICES PA 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0