Mccourt Institute is located in New York, NY. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccourt Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ADVANCEMENT AND USE OF INFORMATION TECHNOLOGY FOR THE COMMON GOOD OF HUMANITY IN SUPPORT OF SUSTAINABLE DEMOCRACY AND A MORE EQUITABLE ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FUNDING FOR A BODY OF PUBLISHED WORK THAT ADDRESSES CRITICAL QUESTIONS CONCERNING THE IMPACT OF TECHNOLOGICAL INNOVATION ON SOCIETY AND HUMAN WELFARE, WITH A PARTICULAR FOCUS ON THE PUBLIC POLICY, LEGAL AND ETHICAL ASPECTS OF THOSE QUESTIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Frank Mccourt President | OfficerTrustee | 5 | $0 |
Sheherazade Semsar-De Boisseson Executive Director | Officer | 35 | $0 |
Joseph Riley Treasurer | Officer | 2 | $0 |
Joseph White Secretary | Officer | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $5,000,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,000,000 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,000,000 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $4,700,000 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $4,700,000 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $300,000 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $300,000 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $300,000 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $300,000 |
Over the last fiscal year, Mccourt Institute has awarded $4,700,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Washington, DC PURPOSE: PROGRAM SUPPORT | $2,500,000 |
New York, NY PURPOSE: PROGRAM SUPPORT | $2,200,000 |
Organization Name | Assets | Revenue |
---|---|---|
Research Institute For Fragrance Materials Inc Woodcliff Lake, NJ | $12,937,991 | $12,251,592 |
Stockholm Environment Institute Usinc Somerville, MA | $5,389,275 | $5,787,254 |
Sustainable Manufacturing Innovation Alliance Corp West Henrietta, NY | $5,170,750 | $6,786,054 |
Iup Research Institute Indiana, PA | $2,848,522 | $4,793,628 |
Mccourt Institute New York, NY | $300,000 | $5,000,000 |
Mipi Alliance Inc Piscataway, NJ | $8,458,712 | $3,844,753 |
Seeding Labs A Non Profit Corporation Boston, MA | $3,266,031 | $2,907,900 |
Apprise Incorporated Princeton, NJ | $1,727,085 | $2,791,632 |
Solution Mining Research Institute Inc Clarks Summit, PA | $954,697 | $900,501 |
Aurelia Institute Inc Cambridge, MA | $1,155,648 | $1,900,000 |
Choroideremia Research Foundation Inc Springfield, MA | $985,906 | $664,881 |
Terasem Movement Foundation Inc Lincoln, VT | $5,839,286 | $987,846 |