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Nonprofiteer
← ROBERT R MCCORMICK FOUNDATION

Form 990 for tax year 2022

Filed by ROBERT R MCCORMICK FOUNDATION.

Totals

Total revenue
$64,881,149
Total expenses
$102,934,841
Contributions and grants received
$13,376,363
Grants paid
$93,716,796
Program service revenue
$0
Investment income
$51,504,786
Other revenue
$0
Total assets, end of year
$1,467,739,432
Total liabilities, end of year
$63,086,281
Net assets or fund balances, end of year
$1,404,653,151
Program services expenses (Part IX)
$100,521,673
Management and general expenses
$2,160,757
Fundraising expenses
$252,411
Program service expenses (Part III)
$100,521,673

Program services were 97.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $13,376,363

  • 1g · Noncash contributions included above

    $16,690

  • 3 · Investment income

    total $21,930,263 · unrelated business $4,379,070 · excluded $17,551,193

  • 7a · Gross sales of assets other than inventory

    securities $107,944,417

  • 7b · Less cost or other basis and sales expenses

    securities $78,369,894

  • 7c · Gain or loss

    securities $29,574,523

  • 7d · Net gain or loss

    total $29,574,523 · excluded $29,574,523

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $93,716,796 · program services $93,716,796

  • 5 · Compensation of officers, directors and key employees

    total $1,490,132 · program services $1,092,105 · management and general $357,555 · fundraising $40,472

  • 7 · Other salaries and wages

    total $2,491,006 · program services $1,833,696 · management and general $589,356 · fundraising $67,954

  • 8 · Pension plan contributions

    total $292,649 · program services $208,979 · management and general $75,926 · fundraising $7,744

  • 9 · Other employee benefits

    total $432,114 · program services $262,136 · management and general $160,264 · fundraising $9,714

  • 10 · Payroll taxes

    total $243,391 · program services $150,387 · management and general $87,431 · fundraising $5,573

  • 11b · Fees: legal

    total $57,381 · management and general $57,381

  • 11c · Fees: accounting

    total $81,962 · management and general $81,962

  • 11f · Fees: investment management

    total $613,326 · program services $591,409 · fundraising $21,917

  • 11g · Fees: other

    total $250,231 · program services $105,500 · management and general $86,731 · fundraising $58,000

  • 12 · Advertising and promotion

    total $40,847 · program services -$29,605 · management and general $31,323 · fundraising $39,129

  • 13 · Office expenses

    total $98,930 · program services $92,750 · management and general $6,180

  • 14 · Information technology

    total $215,292 · management and general $214,403 · fundraising $889

  • 16 · Occupancy

    total $390,276 · program services $360,271 · management and general $30,005

  • 17 · Travel

    total $34,817 · program services $25,033 · management and general $9,784

  • 19 · Conferences, conventions and meetings

    total $122,569 · program services $104,744 · management and general $17,825

  • 20 · Interest

    total $68,674 · program services $68,674

  • 22 · Depreciation, depletion and amortization

    total $229,749 · program services $229,749

  • 23 · Insurance

    total $269,554 · management and general $269,554

  • 24a · Other expenses: PROGRAM SUPPORT

    total $1,015,115 · program services $988,015 · management and general $27,100

  • 24b · Other expenses: INCOME TAXES

    total $663,813 · program services $663,813

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $42,098 · program services $27,470 · management and general $13,609 · fundraising $1,019

  • 24d · Other expenses: MAINTENANCE & REPAIRS

    total $17,414 · program services $2,650 · management and general $14,764

  • 24e · All other expenses

    total $56,705 · program services $27,101 · management and general $29,604

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,446,189 · end of year $4,209,525

  • 2 · Savings and temporary cash investments

    beginning of year $107,369,504 · end of year $49,770,700

  • 4 · Accounts receivable

    beginning of year $933,014 · end of year $7,104

  • 10a · Land, buildings and equipment: cost or other basis

    $1,367,186

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,071,429

  • 10c · Land, buildings and equipment, net

    beginning of year $317,465 · end of year $295,757

  • 11 · Investments: publicly traded securities

    beginning of year $229,210,486 · end of year $195,996,761

  • 12 · Investments: other securities

    beginning of year $1,349,274,137 · end of year $1,210,624,630

  • 15 · Other assets

    beginning of year $954,305 · end of year $6,834,955

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,243,324 · end of year $1,315,317

  • 18 · Grants payable

    beginning of year $30,091,821 · end of year $52,922,658

  • 25 · Other liabilities

    beginning of year $3,457,775 · end of year $8,848,306

  • 27 · Net assets without donor restrictions

    beginning of year $1,657,441,419 · end of year $1,395,723,978

  • 28 · Net assets with donor restrictions

    beginning of year $7,270,761 · end of year $8,929,173

Mission and programs · 2022

Mission

THE ROBERT R. MCCORMICK FOUNDATION INVESTS IN ORGANIZATIONS WORKING TO BUILD THRIVING COMMUNITIES IN CHICAGOLAND WHERE ALL INDIVIDUALS HAVE THE RESOURCES AND OPPORTUNITIES TO SUCCEED, WITHOUT REGARD TO INCOME, RACE, ETHNICITY, GENDER, OR ZIP CODE.

Activities or mission (Part I)

PROVIDE GRANTS TO ORGANIZATIONS WORKING TO BUILD THRIVING COMMUNITIES IN CHICAGOLAND.

  • GRANTS (AND RELATED ADMINISTRATION) MADE TO ORGANIZATIONS IN THE FOUNDATION'S GRANT MAKING PROGRAM AREAS.

    Expenses $98,614,783 · Grants $93,716,796

  • EVALUATION AND SUPPORT OF PROGRAMS IN FURTHERANCE OF THE FOUNDATION'S MISSION.

    Expenses $1,060,021

  • THE FOUNDATION SUPPORTS CHARITABLE ORGANIZATIONS ACROSS THE CHICAGO REGION IN THEIR FUNDRAISING EFFORTS THROUGH SPONSORSHIPS, TABLES PURCHASES, TICKET PURCHASES, AND OTHER DONATIONS TO IMPROVE THESE ORGANIZATIONS' SUSTAINABILITY AND COMMUNITY IMPACT.

    Expenses $846,869

As filed on the 2022 return.

Listed in Part VII

  • DENNIS FITZSIMONS

    CHAIRMAN OF THE BOARD

    Total calculated
    $56,788
    From this org
    $28,394
    From related orgs
    $28,394
    Other
    $0
    Hours/week
    2 + 2 related

  • SCOTT SMITH

    DIRECTOR

    Total calculated
    $56,200
    From this org
    $28,100
    From related orgs
    $28,100
    Other
    $0
    Hours/week
    2 + 2 related

  • WILLIAM MCCLEAN

    DIRECTOR (BEG 05/22)

    Total calculated
    $55,000
    From this org
    $27,500
    From related orgs
    $27,500
    Other
    $0
    Hours/week
    2 + 2 related

  • RUTHELLYN MUSIL

    DIRECTOR

    Total calculated
    $55,000
    From this org
    $27,500
    From related orgs
    $27,500
    Other
    $0
    Hours/week
    2 + 2 related

  • CELENA ROLDAN

    DIRECTOR

    Total calculated
    $55,000
    From this org
    $27,500
    From related orgs
    $27,500
    Other
    $0
    Hours/week
    2 + 2 related

  • LEE HENDERSON

    DIRECTOR (BEG 05/22)

    Total calculated
    $41,250
    From this org
    $20,625
    From related orgs
    $20,625
    Other
    $0
    Hours/week
    2 + 2 related

  • JOHN W MADIGAN

    DIRECTOR (THRU 05/22)

    Total calculated
    $27,650
    From this org
    $13,825
    From related orgs
    $13,825
    Other
    $0
    Hours/week
    2 + 2 related

  • DONALD WYCLIFF

    DIRECTOR (THRU 05/22)

    Total calculated
    $27,500
    From this org
    $13,750
    From related orgs
    $13,750
    Other
    $0
    Hours/week
    2 + 2 related

  • TIMOTHY KNIGHT

    PRESIDENT & CHIEF EXECUTIVE OFFICER

    Total calculated
    $773,325
    From this org
    $428,809
    From related orgs
    $285,873
    Other
    $58,643
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $414,814 + $276,543 related
    Bonus
    $0
    Other
    $13,995 + $9,330 related
    Deferred
    $30,384 + $20,256 related
    Nontaxable benefits
    $4,802 + $3,201 related
    Filer's total
    $463,995 + $309,330 related

  • DAVID GRANAT

    CIO

    Total calculated
    $417,623
    From this org
    $300,274
    From related orgs
    $60,055
    Other
    $57,294
    Hours/week
    25 + 5 related

    Schedule J breakdown matched by us

    Base
    $289,170 + $57,834 related
    Bonus
    $0
    Other
    $11,104 + $2,221 related
    Deferred
    $42,200 + $8,440 related
    Nontaxable benefits
    $5,545 + $1,109 related
    Filer's total
    $348,019 + $69,604 related

  • KIMBERELY TYLER

    CFO & TREASURER

    Total calculated
    $356,446
    From this org
    $59,770
    From related orgs
    $239,082
    Other
    $57,594
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $54,805 + $219,222 related
    Bonus
    $2,000 + $8,000 related
    Other
    $2,965 + $11,860 related
    Deferred
    $9,942 + $39,768 related
    Nontaxable benefits
    $1,577 + $6,307 related
    Filer's total
    $71,289 + $285,157 related

  • ANDRES TORRES

    SR. DIR STRAT & PLAN / SEC.

    Total calculated
    $256,925
    From this org
    $44,173
    From related orgs
    $176,691
    Other
    $36,061
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $41,508 + $166,031 related
    Bonus
    $0
    Other
    $2,665 + $10,660 related
    Deferred
    $6,896 + $27,584 related
    Nontaxable benefits
    $316 + $1,265 related
    Filer's total
    $51,385 + $205,540 related

  • CARLA BEAL

    CHIEF INVESTMENT OFFICER (BEG 10/22)

    Total calculated
    $86,538
    From this org
    $43,269
    From related orgs
    $43,269
    Other
    $0
    Hours/week
    20 + 20 related

  • OSCAR REGALADO

    SENIOR DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $288,665
    From this org
    $48,689
    From related orgs
    $194,754
    Other
    $45,222
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $45,424 + $181,694 related
    Bonus
    $0
    Other
    $3,265 + $13,060 related
    Deferred
    $7,864 + $31,454 related
    Nontaxable benefits
    $1,181 + $4,723 related
    Filer's total
    $57,734 + $230,931 related

  • DONALD COOKE

    SENIOR ADVISOR TO CEO

    Total calculated
    $267,247
    From this org
    $240,849
    From related orgs
    $0
    Other
    $26,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,462
    Bonus
    $0
    Other
    $5,387
    Deferred
    $23,071
    Nontaxable benefits
    $3,327
    Filer's total
    $267,247

  • ANNA LAUBACH

    DIRECTOR, PUBLIC SAFETY PORTFOLIO

    Total calculated
    $227,799
    From this org
    $188,774
    From related orgs
    $0
    Other
    $39,025
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,932
    Bonus
    $5,517
    Other
    $13,325
    Deferred
    $30,309
    Nontaxable benefits
    $8,716
    Filer's total
    $227,799

  • MEGAN EVERETT

    DIRECTOR, VETERANS PORTFOLIO

    Total calculated
    $202,625
    From this org
    $171,878
    From related orgs
    $0
    Other
    $30,747
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,448
    Bonus
    $3,430
    Other
    $0
    Deferred
    $27,602
    Nontaxable benefits
    $3,145
    Filer's total
    $202,625

  • JOSE RODRIGUEZ

    DIRECTOR, COMMUNITY CAPITAL PORTFOLIO

    Total calculated
    $150,535
    From this org
    $149,775
    From related orgs
    $0
    Other
    $760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,775
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $760
    Filer's total
    $150,535

  • EMANUEL JOHNSON

    SR. PROGRAM OFF, ENGLEWOOD PORTFOLIO

    Total calculated
    $130,831
    From this org
    $129,331
    From related orgs
    $0
    Other
    $1,500
    Hours/week
    40

  • TONYA EHRENHAFT

    EXECUTIVE ASSISTANT

    Total calculated
    $111,861
    From this org
    $109,611
    From related orgs
    $0
    Other
    $2,250
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
IN AN EFFORT TO PROMOTE A HEALTHY LIFESTYLE, REIMBURSEMENT OF A PERCENTAGE OF HEALTH CLUB DUES AND INITIATION FEES (WITHIN CERTAIN LIMITS) IS A TAXABLE BENEFIT AVAILABLE TO ALL BENEFIT ELIGIBLE EMPLOYEES OF THE FOUNDATION. IN 2022, THE CEO & PRESIDENT AND SENIOR ADVISOR TO THE CEO WERE REIMBURSED FOR SOCIAL CLUB DUES AS THEY RELATED TO FOUNDATION BUSINESS IN ACCORDANCE WITH FOUNDATION POLICY. THE REIMBURSEMENTS WERE NOT TREATED AS TAXABLE COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • CANTIGNY FOUNDATION

    $20,460,897

    GENERAL OPERATING SUPPORT

  • PROJECT HOOD COMMUNITIES

    $8,022,500

    FOR GENERAL OPERATING SUPPORT. FOR THE LEADERSHIP AND ECONOMIC DEVELOPMENT CENTER

  • ENLACE CHICAGO

    $4,575,000

    FOR THE INTEGRATION AND COORDINATION OF TWO COMMUNITY-WIDE LOCAL SAFETY NETWORKS: THE LITTLE VILLAGE YOUTH SAFETY NETWORK (LVYSN, FOUNDED IN 2011), AND THE LITTLE VILLAGE VIOLENCE PREVENTION COLLABORATIVE (VPC, FOUNDED IN 2001), ENLACE CHICAGO IS SOLICITING SUPPORT TO ENGAGE A CONSULTANT TO LEAD THE PROCESS TO GENERATE THE LITTLE VILLAGE QUALITY OF LIFE PLAN 2023, AND TO DEVELOP A MONITORING AND EVALUATION SYSTEM. IN ORDER TO DO THAT SUCCESSFULLY, THEY ARE ALSO AIMING TO REUNIFY THE DIFFERENT NEIGHBORHOOD NETWORKS AND TABLES THAT ARE DUPLICATING EFFORTS IN PURSUIT OF SIMILAR GOALS. FOR EARLY CHILDHOOD ENROLLMENT SUPPORT IN LITTLE VILLAGE, FOR THE FISCAL SPONSORSHIP OF UNIVERSIDAD POPULAR TO SUPPORT EARLY CHILDHOOD ENROLLMENT IN LITTLE VILLAGE, FOR THE FISCAL SPONSORSHIP OF TELPOCHCALLI COMMUNITY EDUCATION PROJECT INC TO SUPPORT EARLY CHILDHOOD ENROLLMENT IN LITTLE VILLAGE.

  • CAROLE ROBERTSON CENTER FOR LEARNING

    $4,058,000

    FOR BRIDGING ACADEMIC SOCIAL EMOTIONAL SUPPORT INTO KINDERGARTEN PROFESSIONAL LEARNING SYSTEM, SPONSORSHIP

  • ANN & ROBERT H LURIE CHILDRENS HOSPITAL OF CHICAGO

    $3,150,000

    PATRICK MAGOON INSTITUTE FOR HEALTHY COMMUNITIES, FOR THE LURIE CHILDREN'S MENTORSHIP AND WORKFORCE DEVELOPMENT PROGRAM

  • REHABILITATION INSTITUTE OF CHICAGO

    $3,075,000

    FOR THE SPORTS FOR KIDS PROGRAM, ACCELERATE ABILITY CAMPAIGN: CENTER FOR HOPE AND EQUITY

  • UNIVERSITY OF CHICAGO MEDICAL CENTER

    $3,000,000

    SOUTHSIDE HEALTHY COMMUNITIES COLLABORATIVE, VIOLENCE RECOVERY PROGRAM AT THE UNIVERSITY OF CHICAGO LEVEL 1 TRAUMA CENTER

  • HEARTLAND ALLIANCE FOR HUMAN NEEDS & HUMAN RIGHTS

    $2,695,000

    FOR THE INDIVIDUALIZED PLACEMENT AND SUPPORT PROGRAM, READI AND READI FOR REENTRY

  • NORTHWESTERN UNIVERSITY

    $2,633,400

    FOR THE MEDILL LOCAL NEWS ACCELERATOR. FOR NORTHWESTERN NEIGHBORHOOD NETWORK INITIATIVE. MATCHING GIFT

  • TEAMWORK ENGLEWOOD

    $2,251,000

    COMMUNITY SAFETY COORDINATION CENTER COMMUNITY ENGAGEMENT MANAGER, FOR TEAMWORK ENGLEWOOD'S PLANNING, PREPARATION, AND EXECUTION OF SPRING AND SUMMER 2022 YOUTH ENGAGEMENT PROGRAMMING, FOR EARLY CHILDHOOD ENROLLMENT SUPPORT IN ENGLEWOOD, FOR FISCAL SPONSORSHIP OF ENGLEWOOD COMMUNITY ACTION COUNCIL TO SUPPORT EARLY CHILDHOOD ENROLLMENT IN ENGLEWOOD, FOR GENERAL OPERATING SUPPORT, SPONSORSHIP

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202313189349313396

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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