Montgomery county scholarships, inc. Is a non profit set up to allow individuals and businesses who receive tax credits under the state of pennsylvania's eitc tax credit program to use those credits to provide funding to selected, eligible, education institutions.
Key facts about Montgomery County Scholarships Inc
In short: Montgomery County Scholarships Inc gave $3.6M across 37 grants in 2025 (avg $97K), mostly in Pennsylvania. Source: 2025 IRS Form 990.
- EIN
- 87-0969482
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $3,574,368
- Grants made (2025)
- 37
- Average grant
- $96,605
- Median grant
- $30,000
- Total assets
- $26,485,550
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$26.5M
+640.5% YoY
Annual Giving
$3.6M
+11.0% YoY
Grant Count
37
+146.7% YoY
Avg Grant Size
$97K
-55.0% YoY
How Montgomery County Scholarships Inc gives
- 19% of 2025 grantees were also funded in 2024. Method
Estimate from itemized grant lists in IRS Form 990 filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
About Montgomery County Scholarships Inc
Based on IRS filings
Montgomery County Scholarships Inc is a nonprofit organization focused on Education, based in Jenkintown, PA. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $26.5M in total assets. In 2025, it awarded 37 grants totaling $3.6M. Net investment income was $78K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 37 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
52 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| SPRINGSIDE CHESTNUT HILL ACADEMY Philadelphia, PA | PA EITC GRANT EXPENSE FOR 2024-2025 | $928,055 |
| THE SHIPLEY SCHOOL Bryn Mawr, PA | PA EITC GRANT EXPENSE FOR 2024-2025 | $927,675 |
| BENCHMARK SCHOOL Media, PA | PA EITC GRANT EXPENSE FOR 2025-2026 | $230,945 |
| LITTLE FLOWER CATHOLIC HIGH SCHOOL FOR GIRLS Philadelphia, PA | PA EITC GRANT EXPENSE FOR 2025-2026 | $188,910 |
| GESU SCHOOL Philadelphia, PA | PA EITC GRANT EXPENSE FOR 2025-2026 | $184,000 |
| DELAWARE COUNTY CHRISTIAN SCHOOL Newtown Square, PA | PA EITC GRANT EXPENSE FOR 2024-2025 | $142,500 |
| ST EDMUNDS ACADEMY Pittsburgh, PA | PA EITC GRANT EXPENSE FOR 2025-2026 | $95,000 |
| ACTON ACADEMY PITTSBURGH Wexford, PA | PA EITC GRANTE EXPENSE FOR 2024-2025 | $94,000 |
| VALLEY FORGE MILITARY ACADEMY Wayne, PA | PA EITC GRANT EXPENSE FOR 2024-2025 | $94,000 |
| COLUMBIA COUNTY CHRISTIAN SCHOOL Bloomsburg, PA | PA EITC GRANT EXPENSE FOR 2025-2026 | $68,458 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $26,485,550 | $3,576,852 | $3,412,733 |
| Revenue | $15,650,885 | $3,750,309 | $3,417,991 |
| Expenses | $3,956,682 | $3,588,204 | $20,336 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $78,478 | $29,178 | $10,959 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS May 28, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS July 27, 2026)
Leadership & Key People
Officers and directors from IRS filings
Montgomery County Scholarships Inc's 2025 filing lists 5 officers; 2 of 5 officers listed in 2025 are compensated.
Officers on the 2025 filing
Jed Silversmith
Director
On filings since 2023
20 hrs/week
$163K (2024) → $137K (2025)
Todd Unger
Director
On filings since 2023
10 hrs/week
$85K (2024) → $106K (2025)
Jaret Gronczewski
Trustee
On filings since 2023
No compensation reported
Mitch Bober
Trustee
On filings since 2023
No compensation reported
Stephen Pieklik
Trustee
On filings since 2023
No compensation reported
Former officers (1)
- Former: Ira Brownstein (2023) — Trustee
Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Frequently asked questions about Montgomery County Scholarships Inc
How much does Montgomery County Scholarships Inc give each year?
Montgomery County Scholarships Inc gave $3.6M across 37 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $3.2M across 15 grants.
What is Montgomery County Scholarships Inc's typical grant size?
Montgomery County Scholarships Inc's median grant in 2025 was $30,000, and its average grant was $96,605, across 37 grants on its 2025 IRS Form 990.
Where does Montgomery County Scholarships Inc give grants?
Montgomery County Scholarships Inc gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Philadelphia, PA (9 grants), Bryn Mawr, PA (4 grants), Wayne, PA (3 grants) and Pittsburgh, PA (3 grants).
Does Montgomery County Scholarships Inc give general operating support?
Not in 2025: none of the 37 grants with a stated purpose on Montgomery County Scholarships Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Pa Eitc Grant Expense for 2024-2025" (20 grants), "Pa Eitc Grant Expense for 2025-2026" (11 grants) and "Non Eitc Grant Expense" (4 grants).
Who are Montgomery County Scholarships Inc's largest grantees?
Montgomery County Scholarships Inc's largest 2025 grantees include Springside Chestnut Hill Academy ($928,055), The Shipley School ($927,675) and Benchmark School ($230,945), according to its 2025 IRS Form 990. Together they received 58% of its itemized 2025 grant dollars.
How large is Montgomery County Scholarships Inc?
Montgomery County Scholarships Inc reported $26.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $15.7M.
What is Montgomery County Scholarships Inc?
Montgomery County Scholarships Inc is a nonprofit organization focused on Education, based in Jenkintown, PA. It holds $26.5M in total assets as of 2025.
What is Montgomery County Scholarships Inc's EIN?
Montgomery County Scholarships Inc's EIN (Employer Identification Number) is 87-0969482. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Montgomery County Scholarships Inc by hand.
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