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Nonprofiteer
← MCCOURT FOUNDATION INC

Form 990 for tax year 2023

Filed by MCCOURT FOUNDATION INC.

What the amendment changed

Compared with the return it replaced , filed 15 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$8,570,757 changed to $8,739,099
Total expenses
$11,279,570 changed to $11,250,811
Contributions and grants received
$2,899,261 changed to $3,336,864
Grants paid
$176,508 changed to $1,134,808
Program service revenue
$5,748,616 changed to $5,448,619
Investment income
-$9,816 changed to $20,920
Total assets, end of year
$19,871,900 changed to $20,009,505
Net assets or fund balances, end of year
$15,111,100 changed to $15,248,705
Program services expenses
$2,112,874 changed to $9,656,070
Management and general expenses
$2,414,273 changed to $1,363,209
Fundraising expenses
$6,752,423 changed to $231,532
Program service expenses (Part III)
$2,112,874 changed to $9,656,070

Totals

Total revenue
$8,739,099
Total expenses
$11,250,811
Contributions and grants received
$3,336,864
Grants paid
$1,134,808
Program service revenue
$5,448,619
Investment income
$20,920
Other revenue
-$67,304
Total assets, end of year
$20,009,505
Total liabilities, end of year
$4,760,800
Net assets or fund balances, end of year
$15,248,705
Program services expenses (Part IX)
$9,656,070
Management and general expenses
$1,363,209
Fundraising expenses
$231,532
Program service expenses (Part III)
$9,656,070

Program services were 85.8% 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.

  • 1c · Fundraising events

    $271,243

  • 1e · Government grants (contributions)

    $437,604

  • 1f · All other contributions, gifts and grants

    $2,628,017

  • 2a · Program service revenue: REGISTRATION REVENUE

    total $5,448,619 · related or exempt $5,448,619

  • 3 · Investment income

    total $22,124 · excluded $22,124

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

    securities $1,204

  • 7c · Gain or loss

    securities -$1,204

  • 7d · Net gain or loss

    total -$1,204 · excluded -$1,204

  • 8a · Fundraising events: gross income

    $47,063

  • 8a · Fundraising events: contributions included on line 1c

    $271,243

  • 8b · Fundraising events: direct expenses

    $114,367

  • 8c · Net income from fundraising events

    total -$67,304 · excluded -$67,304

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,134,808 · program services $1,134,808

  • 5 · Compensation of officers, directors and key employees

    total $90,117 · program services $65,391 · management and general $20,312 · fundraising $4,414

  • 7 · Other salaries and wages

    total $1,438,450 · program services $1,043,907 · management and general $324,106 · fundraising $70,437

  • 8 · Pension plan contributions

    total $137,874 · program services $90,578 · management and general $40,402 · fundraising $6,894

  • 9 · Other employee benefits

    total $44,801 · program services $29,432 · management and general $13,129 · fundraising $2,240

  • 10 · Payroll taxes

    total $156,393 · program services $125,114 · management and general $25,023 · fundraising $6,256

  • 11a · Fees: management

    total $210,328 · program services $21,190 · management and general $189,138

  • 11c · Fees: accounting

    total $237,036 · management and general $237,036

  • 11f · Fees: investment management

    total $10,106 · management and general $10,106

  • 11g · Fees: other

    total $422,700 · program services $387,535 · management and general $21,358 · fundraising $13,807

  • 12 · Advertising and promotion

    total $633,597 · program services $570,617 · fundraising $62,980

  • 13 · Office expenses

    total $293,161 · program services $196,046 · management and general $93,674 · fundraising $3,441

  • 14 · Information technology

    total $96,134 · program services $72,756 · management and general $12,858 · fundraising $10,520

  • 16 · Occupancy

    total $250,545 · program services $199,124 · management and general $51,421

  • 17 · Travel

    total $37,218 · program services $26,340 · management and general $9,023 · fundraising $1,855

  • 22 · Depreciation, depletion and amortization

    total $2,332,334 · program services $1,982,484 · management and general $303,204 · fundraising $46,646

  • 23 · Insurance

    total $76,945 · program services $65,403 · management and general $10,003 · fundraising $1,539

  • 24a · Other expenses: PROMOTIONAL EVENT EXPEN

    total $3,648,264 · program services $3,645,345 · management and general $2,416 · fundraising $503

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,615,377 · end of year $1,522,843

  • 2 · Savings and temporary cash investments

    beginning of year $109,041 · end of year $140,768

  • 4 · Accounts receivable

    beginning of year $603,979 · end of year $998,622

  • 9 · Prepaid expenses and deferred charges

    beginning of year $290,216 · end of year $427,159

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

    $270,758

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

    $255,911

  • 10c · Land, buildings and equipment, net

    beginning of year $17,379 · end of year $14,847

  • 11 · Investments: publicly traded securities

    beginning of year $985,239 · end of year $1,067,891

  • 14 · Intangible assets

    beginning of year $18,162,654 · end of year $15,837,375

  • 17 · Accounts payable and accrued expenses

    beginning of year $845,411 · end of year $406,526

  • 19 · Deferred revenue

    beginning of year $3,237,655 · end of year $4,354,274

  • 27 · Net assets without donor restrictions

    beginning of year $17,700,819 · end of year $15,248,705

Mission and programs · 2023

Mission

STRIVING TO HELP CURE NEUROLOGICAL DISEASES, WHILE EMPOWERING COMMUNITIES TO BUILD A HEALTHIER WORLD.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $9,656,070 · Grants $1,134,808 · Revenue $5,448,619

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Murphy Reinschreiber

    CHIEF OPERATING OFFICER

    Total calculated
    $280,006
    From this org
    $246,264
    From related orgs
    $0
    Other
    $33,742
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,264
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,742
    Filer's total
    $280,006

  • John Duke

    SENIOR DIRECTOR OF PARTNERSHIPS

    Total calculated
    $217,210
    From this org
    $216,498
    From related orgs
    $0
    Other
    $712
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,500
    Bonus
    $79,998
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $712
    Filer's total
    $217,210

  • Laurie Gestal

    SENIOR DIRECTOR MARKETING

    Total calculated
    $180,575
    From this org
    $174,048
    From related orgs
    $0
    Other
    $6,527
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,048
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,527
    Filer's total
    $180,575

  • Stacy Ferraro

    SENIOR DIRECTOR OF OPERATIONS

    Total calculated
    $152,491
    From this org
    $138,453
    From related orgs
    $0
    Other
    $14,038
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,453
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,038
    Filer's total
    $152,491

  • Claudia Gliga

    ACCOUNTING MANAGER

    Total calculated
    $153,509
    From this org
    $132,702
    From related orgs
    $0
    Other
    $20,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,702
    Bonus
    $10,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,807
    Filer's total
    $153,509

  • Brian McCourt

    CHAIRMAN/PRESIDENT

    Total calculated
    $90,117
    From this org
    $90,000
    From related orgs
    $0
    Other
    $117
    Hours/week
    40

  • Frank McCourt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Ryan McCourt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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 5
JOHN DUKE RECEIVES COMMISSIONS CONTINGENT ON THE REVENUE OF THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED THAT COMPENSATION IS REASONABLE, COMPARABLE TO AMOUNTS OTHERS PAY FOR SIMILAR SERVICES AND BENEFICIAL TO EXECUTING THE ORGANIZATION'S MISSION. FURTHER, JOHN DUKE DOES NOT HAVE ANY AUTHORITY OVER COMPENSATION DECISIONS.

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CONQUR ENDURANCE GROUP LLC

    RACE OPERATIONS · CA · income $3,053 · assets $17,164,069

    Directly controlled by THE MCCOURT FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
13 June 2025
IRS schema version
2023v6.0
Source object
202501649349300725

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