Skip to content
Nonprofiteer
← MCCOURT FOUNDATION INC

Form 990 for tax year 2024

Filed by MCCOURT FOUNDATION INC.

Totals

Total revenue
$10,248,455
Total expenses
$12,136,456
Contributions and grants received
$3,271,640
Grants paid
$1,356,424
Program service revenue
$6,994,893
Investment income
$37,315
Other revenue
-$55,393
Total assets, end of year
$19,885,731
Total liabilities, end of year
$6,439,018
Net assets or fund balances, end of year
$13,446,713
Program services expenses (Part IX)
$10,471,510
Management and general expenses
$1,416,569
Fundraising expenses
$248,377
Program service expenses (Part III)
$10,471,510

Program services were 86.3% 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

    $158,324

  • 1f · All other contributions, gifts and grants

    $3,113,316

  • 2a · Program service revenue: REGISTRATION REVENUE

    total $6,994,893 · related or exempt $6,994,893

  • 3 · Investment income

    total $25,392 · excluded $25,392

  • 7a · Gross sales of assets other than inventory

    securities $11,923

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

    securities $0

  • 7c · Gain or loss

    securities $11,923

  • 7d · Net gain or loss

    total $11,923 · excluded $11,923

  • 8a · Fundraising events: gross income

    $19,840

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

    $158,324

  • 8b · Fundraising events: direct expenses

    $75,233

  • 8c · Net income from fundraising events

    total -$55,393 · excluded -$55,393

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,356,424 · program services $1,356,424

  • 5 · Compensation of officers, directors and key employees

    total $90,117 · program services $66,818 · management and general $19,166 · fundraising $4,133

  • 7 · Other salaries and wages

    total $1,540,390 · program services $1,142,308 · management and general $327,450 · fundraising $70,632

  • 8 · Pension plan contributions

    total $44,859 · program services $29,697 · management and general $12,985 · fundraising $2,177

  • 9 · Other employee benefits

    total $137,385 · program services $90,951 · management and general $39,768 · fundraising $6,666

  • 10 · Payroll taxes

    total $128,047 · program services $101,460 · management and general $20,999 · fundraising $5,588

  • 11a · Fees: management

    total $429,740 · program services $18,768 · management and general $410,972

  • 11c · Fees: accounting

    total $116,514 · program services $116,514

  • 11f · Fees: investment management

    total $11,711 · management and general $11,711

  • 11g · Fees: other

    total $277,949 · program services $249,667 · management and general $18,415 · fundraising $9,867

  • 12 · Advertising and promotion

    total $741,089 · program services $661,862 · fundraising $79,227

  • 13 · Office expenses

    total $400,143 · program services $216,526 · management and general $180,236 · fundraising $3,381

  • 14 · Information technology

    total $97,996 · program services $73,231 · management and general $8,927 · fundraising $15,838

  • 16 · Occupancy

    total $196,659 · program services $156,015 · management and general $40,644

  • 17 · Travel

    total $42,242 · program services $29,985 · management and general $10,145 · fundraising $2,112

  • 22 · Depreciation, depletion and amortization

    total $2,333,581 · program services $1,983,543 · management and general $303,366 · fundraising $46,672

  • 23 · Insurance

    total $52,391 · program services $44,532 · management and general $6,811 · fundraising $1,048

  • 24a · Other expenses: PROMOTIONAL EVENT EXPEN

    total $4,139,219 · program services $4,133,209 · management and general $4,974 · fundraising $1,036

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,522,843 · end of year $2,623,414

  • 2 · Savings and temporary cash investments

    beginning of year $140,768 · end of year $141,111

  • 4 · Accounts receivable

    beginning of year $998,622 · end of year $1,958,722

  • 9 · Prepaid expenses and deferred charges

    beginning of year $427,159 · end of year $463,350

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

    $274,234

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

    $264,213

  • 10c · Land, buildings and equipment, net

    beginning of year $14,847 · end of year $10,021

  • 11 · Investments: publicly traded securities

    beginning of year $1,067,891 · end of year $1,177,017

  • 14 · Intangible assets

    beginning of year $15,837,375 · end of year $13,512,096

  • 17 · Accounts payable and accrued expenses

    beginning of year $406,526 · end of year $427,632

  • 19 · Deferred revenue

    beginning of year $4,354,274 · end of year $6,011,386

  • 27 · Net assets without donor restrictions

    beginning of year $15,248,705 · end of year $13,446,713

Mission and programs · 2024

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 $10,471,510 · Grants $1,356,424 · Revenue $6,994,893

As filed on the 2024 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

  • Brian McCourt

    PRESIDENT

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

  • Frank McCourt

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Ryan McCourt

    CLERK

    Total calculated
    $0
    Hours/week
    0.5

  • Murphy Reinschreiber

    CHIEF OPERATING OFFICER

    Total calculated
    $289,909
    From this org
    $245,976
    From related orgs
    $0
    Other
    $43,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,976
    Bonus
    $0
    Other
    $0
    Deferred
    $7,500
    Nontaxable benefits
    $36,433
    Filer's total
    $289,909

  • John Duke

    SENIOR DIRECTOR OF PARTNERSHIPS

    Total calculated
    $149,365
    From this org
    $144,644
    From related orgs
    $0
    Other
    $4,721
    Hours/week
    40

  • Laurie Gestal

    SENIOR DIRECTOR MARKETING

    Total calculated
    $186,365
    From this org
    $174,253
    From related orgs
    $0
    Other
    $12,112
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,253
    Bonus
    $0
    Other
    $0
    Deferred
    $5,250
    Nontaxable benefits
    $6,862
    Filer's total
    $186,365

  • Stacy Ferraro

    SENIOR DIRECTOR OF OPERATIONS

    Total calculated
    $161,856
    From this org
    $142,752
    From related orgs
    $0
    Other
    $19,104
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,752
    Bonus
    $0
    Other
    $0
    Deferred
    $4,331
    Nontaxable benefits
    $14,773
    Filer's total
    $161,856

  • Claudia Gliga

    ACCOUNTING MANAGER

    Total calculated
    $173,196
    From this org
    $146,275
    From related orgs
    $0
    Other
    $26,921
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,775
    Bonus
    $17,500
    Other
    $0
    Deferred
    $4,463
    Nontaxable benefits
    $22,458
    Filer's total
    $173,196

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 $51 · assets $14,830,855

    Directly controlled by THE MCCOURT FOUNDATION INC

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202523209349300047

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

The source document this was parsed from is served over the API, which is where bulk and document access live.