PINKNEY INNOVATION COMPLEX FOR SCIENCE & TECHNOLOGY AT MC FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

PINKNEY INNOVATION COMPLEX FOR SCIENCE & TECHNOLOGY AT MC FOUNDATION INC

EIN 45-3787207 · Single Organization Support (B11)

What they do

SUPPORT THE MISSION of THE COLLEGE and PROMOTE THE ADVANCEMENT of STUDENT EDUCATION BY FOSTERING and EXPANDING EDUCATIONAL and RESEARCH OPPORTUNITIES for FACULTY and STUDENTS THROUGH ACADEMIC-INDUSTRY PARTNERSHIPS. (CONTINUED ON SCHEDULE O)ENHANCE and ALIGN THE WORK of THE COLLEGE WITH THOSE of TECHNOLOGY BUSINESSES BY CO-LOCATING BUSINESSES ON CAMPUS IN AN INTEGRATED HUB THAT ACTIVELY PROMOTES INTERACTION BETWEEN FACULTY and STUDENTS to ACHIEVE THE COLLECTIVE GOAL of EDUCATIONAL and ECONOMIC SUCCESS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $60.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

28.45%of revenue went to mission work60.9% of expenses · Program services

$46.75spent for every $100 of revenueRevenue covered expenses this year.

18.30%of revenue went to management and office costs39.1% of expenses

$31.32in assets for every $1 spent this yearSome assets cannot be spent right away.

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What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $46,730 for DEIDRE PRICE (BOARD MEMBER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$795,306

Mission workProgram services$226,25028.45% of revenue60.9% of expenses

ManagementOffice and general costs$145,51818.30% of revenue39.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$423,53853.25% of revenueShown in gray on the chart

Total expenses$371,76846.75% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 60.9% mission · 39.1% management · 0.0% fundraisingTotal expenses: 46.75% of revenue

2023Expense mix: 26.7% mission · 73.3% management · 0.0% fundraisingTotal expenses: 159.36% of revenue

2022Expense mix: 74.3% mission · 25.7% management · 0.0% fundraisingTotal expenses: 74.69% of revenue

2021Expense mix: 68.5% mission · 31.5% management · 0.0% fundraisingTotal expenses: 33.02% of revenue

2020Expense mix: 30.3% mission · 69.7% management · 0.0% fundraisingTotal expenses: 11.93% of revenue

2019Expense mix: 29.6% mission · 70.4% management · 0.0% fundraisingTotal expenses: 25.22% of revenue

2018Expense mix: 79.6% mission · 20.4% management · 0.0% fundraisingTotal expenses: 68.54% of revenue

Money in and money out

Revenue$795,306

Expenses$371,768

Annual surplus $423,538 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$226,250 · 60.9% of expenses

Management and office costs$145,518 · 39.1% of expenses

See all reported dollar amounts

Revenue$795,306

Expenses$371,768

Assets$11,642,215

Income$795,306

Mission work (program services)$226,250

Management and general$145,518

Stocks and bonds$6,687,125

Investing fees$26,076

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DEIDRE PRICEBOARD MEMBER · 2 hrs/week $46,730Base · Other $46,730

SHERWIN COLLETTEBOARD MEMBER · 2 hrs/week $39,405Base · Other $39,405

DR STEPHEN CAINBOARD MEMBER · 2 hrs/week $38,382Base · Other $38,382

THOMAS LUGINBILLEXECUTIVE DIRECTOR · 2 hrs/week $37,936Base · Other $37,936

STEVE GREENFIELDBOARD MEMBER · 2 hrs/week $33,756Base · Other $33,756

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

DEIDRE PRICEBOARD MEMBER

SHERWIN COLLETTEBOARD MEMBER

DR STEPHEN CAINBOARD MEMBER

THOMAS LUGINBILLEXECUTIVE DIRECTOR

STEVE GREENFIELDBOARD MEMBER

MANISH KOTHARIBOARD MEMBER

YUM YU CHENG ESQSECRETARY

TONY SPEARMAN-LEACHTREASURER

STEPHEN KAUFMANBOARD MEMBER

SOFIA PEREZSTUDENT BOARD MEMBER

PRASHANT PANCHALBOARD MEMBER

MISALE ENDRIASSTUDENT BOARD MEMBER

MARGARET LATIMERBOARD MEMBER

ALLEN DELEONVICE CHAIR

KRISTINE WARNERBOARD MEMBER

KELLI BROOKSBOARD MEMBER

JOHN COMPTON PHDBOARD MEMBER

GAIL FOLENA-WASSERMAN PHDCHAIR

DR ED CABELLONBOARD MEMBER

DOUG WRENNBOARD MEMBER

DANIELLE GABRISHBOARD MEMBER

ANGELA GRAHAMBOARD MEMBER

About this charity

Recognized since: January 2012
Location: 9221 CORPORATE BLVD, ROCKVILLE, MD 20850-3248
County: Montgomery
In care of: % CATHY JONES
Primary officer: TONY SPEARMAN-LEACH, BOARD CHAIR

How to reach them

WebsiteVisit the charity’s website Emailthomas.luginbill@montgomerycollege.edu Phone(240) 912-2162

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Single Organization Support (B11)
IRS tax category: Single Organization Support