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The McCourt Foundation
The McCourt Foundation reported $10.2 million in revenue and $12.1 million in expenses for calendar year 2024. Of every $100 it spent, $86.28 went to program services, $11.67 to management and general costs and $2.05 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 68.3% of the total. The highest compensation it reported for one person was $289,909 (CHIEF OPERATING OFFICER). 5 people received more than $100,000 in reportable compensation. Revenue fell 59% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $10M- Contributions & grants (non-government)$31.75 $3.3M
- Program service revenue$67.89 $7.0M
- Investment income$0.36 $37,315
Other revenue was negative: −$55,393. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.3% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.7% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.0% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 31.9% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 68.3% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $289,909 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.39% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 5 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 13.3 | 56.6 |
| Independent voting board members Part VI 1a–1b | 2 of 3 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseRegistration fees collected for our road races and other events are used to cover the costs of producing those events. Any net proceeds directly support our mission, which includes nonprofit programming, donations to our hospital partners, and education on neurological diseases.we partner with over 92 nonprofit organizations, which collectively raised more than $4 million through participation in our events. We support these partners by offering discounted registration entries, program assistance, and increased visibility to enhance their fundraising efforts.alzheimer's associationamerican…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF OPERATING OFFICER Highest compensated employee, 40.00 hrs/week | $245,976 | $0 | $43,933 | $289,909 |
| SENIOR DIRECTOR MARKETING Highest compensated employee, 40.00 hrs/week | $174,253 | $0 | $12,112 | $186,365 |
| ACCOUNTING MANAGER Highest compensated employee, 40.00 hrs/week | $146,275 | $0 | $26,921 | $173,196 |
| SENIOR DIRECTOR OF OPERATIONS Highest compensated employee, 40.00 hrs/week | $142,752 | $0 | $19,104 | $161,856 |
| SENIOR DIRECTOR OF PARTNERSHIPS Highest compensated employee, 40.00 hrs/week | $144,644 | $0 | $4,721 | $149,365 |
| PRESIDENT Director/trustee, officer, 40.00 hrs/week | $90,000 | $0 | $117 | $90,117 |
5 people received more than $100,000 in reportable compensation from The McCourt Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $90,117 (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b3 · 2 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 516
- Volunteers Part I, line 63,559
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to The McCourt Foundation totaling $1,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The McCourt Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The McCourt Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The McCourt Foundation spent in 2024, $86.28 went to programs. The full breakdown, from its IRS Form 990:
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All philanthropy, voluntarism & grantmaking charities · Largest charities in Massachusetts
Questions people ask
How much of The McCourt Foundation's spending goes to programs?
In calendar year 2024, The McCourt Foundation reported that 86.3% of its $12.1 million in expenses went to program services, 11.7% to management and general and 2.0% to fundraising (Form 990, Part IX).
How much does The McCourt Foundation pay its top executive?
The largest total compensation The McCourt Foundation reported for one person in calendar year 2024 was $289,909, for the role of CHIEF OPERATING OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The McCourt Foundation get its money?
Of $10.2 million in revenue in calendar year 2024, 31.9% came from contributions and grants and 68.3% from program service revenue (Form 990, Part VIII).
Is The McCourt Foundation a registered charity?
The IRS lists EIN 90-0623963 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523209349300047 · read the filing · XML
- 2023: Form 990 for calendar year 2023 (amended), object 202501649349300725 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343549349301469 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223199349318867 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143199349330019 · read the filing
- 2019: Form 990 for calendar year 2019, object 202101749349301010 · read the filing
All filings for EIN 90-0623963: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.