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Nonprofiteer
← JIMMY MCGRATH FOUNDATION

Form 990 for tax year 2023

Filed by JIMMY MCGRATH FOUNDATION.

Totals

Total revenue
$168,196
Total expenses
$54,248
Contributions and grants received
$11,223
Grants paid
$44,435
Program service revenue
$0
Investment income
$6
Other revenue
$156,967
Total assets, end of year
$129,893
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$129,893
Program services expenses (Part IX)
$44,435
Management and general expenses
$9,813
Fundraising expenses
$0
Program service expenses (Part III)
$44,435

Program services were 81.9% 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

    $11,223

  • 3 · Investment income

    total $6 · excluded $6

  • 8a · Fundraising events: gross income

    $216,910

  • 8b · Fundraising events: direct expenses

    $59,943

  • 8c · Net income from fundraising events

    total $156,967

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,435 · program services $44,435

  • 22 · Depreciation, depletion and amortization

    total $1,986 · management and general $1,986

  • 23 · Insurance

    total $2,873 · management and general $2,873

  • 24a · Other expenses: OFFICE EXPENSES

    total $4,923 · management and general $4,923

  • 24b · Other expenses: BANK AND PAYROLL FEES

    total $31 · management and general $31

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,945 · end of year $25,373

  • 2 · Savings and temporary cash investments

    end of year $100,006

  • 14 · Intangible assets

    end of year $4,514

  • 27 · Net assets without donor restrictions

    beginning of year $15,945 · end of year $129,893

Mission and programs · 2023

Mission

UNARMED AND WITHOUT ANY PROVOCATION, JIMMY MCGRATH WAS SENSELESSLY MURDERED IN A SURPRISE ATTACK BY A 16-YEAR-OLD ATHLETE FROM ANOTHER SCHOOL. THE TEEN MURDERER SHOCKINGLY DEEMED IT APPROPRIATE TO USE A LETHAL WEAPON, A KNIFE, TO MORTALLY WOUND JIMMY AND STAB THREE OTHER UNARMED TEENAGERS, WHO THANKFULLY SURVIVED. THIS MENTALITYTHIS TOTAL DISREGARD FOR HUMAN LIFE LED TO JIMMY'S MURDER IS BOTH A LOCAL AND NATIONAL PROBLEM. THIS MENTALITY MUST BE CHANGED. THUS, THE FOCAL POINT OF OUR MISSION IS TO ASSIST OUR YOUTH IN PROMOTING THEIR MENTAL AND PHYSICAL WELLNESS, WHILE INSTILLING IN THEM A PROFOUND APPRECIATION FOR THE VALUE OF A HUMAN LIFE. AT THE TIME OF HIS DEATH, JIMMY WAS A JUNIOR AND STAR ATHLETE AT FAIRFIELD PREP. BUT HE WAS SO MUCH MORE. JIMMY WAS COLOR-BLIND AND WAS INCLUSIVE IN ALL WAYS. YOU DIDN'T HAVE TO BE AN ALL-STAR ATHLETE TO HAVE HIS FRIENDSHIP AND SUPPORT. HE WAS THE ANTI-BULLY. HE WENT OUT OF HIS WAY TO HELP OTHER YOUNG PEOPLE FEEL BETTER ABOUT THEMSELVES AND INSPIRED M

Activities or mission (Part I)

TO ASSIST OUR YOUTH IN PROMOTING THEIR MENTAL AND PHYSICAL WELLNESS, WHILE INSTILLING IN THEM A PROFOUND APPRECIATION FOR THE VALUE OF A HUMAN LIFE.

  • SUPPORT OF CHARITIES, GROUPS AND INDIVIDUALS WHO PERSONIFY JIMMY MCGRATH, HIS QUALITIES, HIS IDEALS AND HIS LIFE WITH AN EMPHASIS ON PROMOTING YOUTH WELLNESS AND VIOLENCE PREVENTION.

    Expenses $44,435 · Grants $44,435

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin McGrath

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Margaret McGrath

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rose McGrath

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.0
Source object
202413169349302726

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

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