Mccourt Foundation Inc
- Assets
- $29.8m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 24
- Location
- Braintree, MA
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 90-0623963
Organization Overview
Mccourt Foundation Inc is located in Braintree, MA. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Mccourt Foundation Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccourt Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Mccourt Foundation Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.6% each year . All expenses for the organization totaled $6.5m during the year ending 12/2021. While expenses have increased by 53.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mccourt Foundation Inc has awarded 25 individual grants totaling $2,297,726. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STRIVING TO HELP CURE NEUROLOGICAL DISEASES, WHILE EMPOWERING COMMUNITIES TO BUILD A HEALTHIER WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING PROJECTS TO SUPPORT RESEARCH INTO CURES FOR ALZHEIMERS DISEASE AND MULTIPLE SCLEROSIS.SEE SCHEDULE O FOR CONTINUED DESCRIPTION.2021 NONPROFIT PARTNERSHIP PROGRAM71 NONPROFIT PARTNERS - RAISING OVER $3.9 MILLIONNONPROFIT INCLUDING BUT NOT LIMITED TO:WORLD VISIONCHILDREN'S HOSPITAL OF LOS ANGELESST. JUDE CHILDREN'S RESEARCH HOSPITALALZHEIMER'S ASSOCIATIONTEEN CANCER AMERICA AMERICAN CANCER SOCIETY THE LEUKEMIA & LYMPHOMA TEAM PARKINSONSTHE CHILDERN'S HEART FOUNDATION THE ALS ASSOCIATION GOLDEN WEST CHAPTER GLIOBLASTOMA FOUNDATION NATIONAL DOWN SYNDROME SOCIETYHABITAT FOR HUMAITY OF GREATER LA SPECIAL OLYMPICS OF SOUTHERN CALIFORNIA CONNECTING TO CURE CROHN'S AND COLITIS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Murphy Reinschreiber Chief Operating Officer | 40 | $250,699 | |
John Duke Senior Director | 40 | $211,263 | |
Stacy Embretson Senior Director Of Operati | 40 | $132,415 | |
John Palmer Senior Director | 40 | $118,096 | |
Claudia Gliga Accounting Manager | 40 | $115,605 | |
Brian Mccourt Chairman/president | OfficerTrustee | 40 | $90,503 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rsm Us Llp Accounting Services | 12/30/21 | $139,967 |
Caps Llc Staffing Event Personnel | 12/30/21 | $185,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $652,275 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,430,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,082,628 |
| Total Program Service Revenue | $3,714,306 |
| Investment income | $29,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,353 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,917,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $185,000 |
| 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. | $94,687 |
| Compensation of current officers, directors, key employees. | $38,555 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,350,952 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $225,429 |
| Payroll taxes | $148,698 |
| Fees for services: Management | $12,559 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $156,174 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,732 |
| Fees for services: Other | $339,425 |
| Advertising and promotion | $4,718 |
| Office expenses | $435,771 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $279,947 |
| Travel | $24,491 |
| 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 | $7,504 |
| Insurance | $61,888 |
| All other expenses | $0 |
| Total functional expenses | $6,538,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,732,224 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $387,421 |
| 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 | $51,382 |
| Net Land, buildings, and equipment | $6,221 |
| Investments—publicly traded securities | $984,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,257,666 |
| Other assets | $342,990 |
| Total assets | $29,762,470 |
| Accounts payable and accrued expenses | $386,379 |
| Grants payable | $1,361,661 |
| 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 | $600,000 |
| Total liabilities | $2,348,040 |
| Net assets without donor restrictions | $27,414,430 |
| 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 | $29,762,470 |
Grants Awarded
Over the last fiscal year, Mccourt Foundation Inc has awarded $185,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Somerville, MA PURPOSE: $100,000: TO FURTHER NEUROLOGY RESEARCH AT MASSACHUSETTS GENERAL HOSPITAL DEPARTMENT OF NEUROLOGY$50,000: TO SUPPORT ONCOLOGY RESEARCH AT MASSACHUSETTS GENERAL HOSPITAL DEPARTMENT IN PARTNERSHIP WITH DR. SAMUEL KLEMPNER | $150,000 |
Somerville, MA PURPOSE: TO FURTHER NEUROLOGY RESEARCH AT BRIGHAM & WOMEN'S HOSPITAL DEPARTMENT OF NEUROLOGY | $25,000 |
Los Angeles, CA PURPOSE: TO FURTHER NEUROLOGY RESEARCH AT CEDARS SINAI MEDICAL CENTER DEPARTMENT OF NEUROLOGY | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Mccourt Foundation Inc has recieved totaling $51,075.
| Awarding Organization | Amount |
|---|---|
Katalytic Foundation Inc Vienna, VA PURPOSE: TO SUPPORT CHARITY | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,945 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $6,950 |
Boston Sand & Gravel Company Charitable Foundation Boston, MA PURPOSE: CHARITABLE DONATION TO PUBLIC CHARITY | $1,500 |
James Irvine Foundation San Francisco, CA PURPOSE: TO SUPPORT CA ACTIVITIES | $300 |
Granite Foundation Mendota Heights, MN PURPOSE: DONATION | $106 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |