THE MCCOURT FOUNDATION INC

EIN: 900623963 501(c)(3) Philanthropy & Grantmaking

SOUTH BOSTON, MA

Total Revenue
$8,739,099
Total Expenses
$11,250,811
Total Assets
$20,009,505
Net Assets
$15,248,705
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MA
Principal Officer
BRIAN MCCOURT
Phone
2125423000
Tax Period
2023-01-01 to 2023-12-31

THE MCCOURT FOUNDATION INC, founded in 2010, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.7M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $11.3M exceeded revenue, resulting in a 29% operating deficit.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $9,656,070 Revenue: $5,448,619

REGISTRATION 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...

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REGISTRATION 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 80 NONPROFIT ORGANIZATIONS, WHICH COLLECTIVELY RAISED MORE THAN $3.3 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.NONPROFIT PARTNERS INCLUDE, BUT ARE NOT LIMITED TO:ALZHEIMER'S ASSOCIATIONAMERICAN CANCER SOCIETYAMERICAN FOUNDATION FOR SUICIDE PREVENTIONCALIFORNIA REHABILITATION FOUNDATIONCHILDREN'S HOSPITAL OF LOS ANGELESCONNECTING TO CURE CROHN'S AND COLITISGLIOBLASTOMA FOUNDATIONHABITAT FOR HUMANITY OF GREATER LAHIRSHBERG FOUNDATION FOR PANCREATIC CANCER RESEARCHLOS ANGELES REGIONAL FOOD BANKLYMPHOMA RESEARCH FOUNDATIONNATIONAL BRAIN TUMOR SOCIETYPARKINSON'S COMMUNITY LOS ANGELESSPECIAL OLYMPICS OF SOUTHERN CALIFORNIAST. JUDE CHILDREN'S RESEARCH HOSPITALSUSAN G. KOMENTEEN CANCER AMERICATHE ALS ASSOCIATION GOLDEN WEST CHAPTERTHE NATIONAL MS SOCIETYTHE PABLOVE FOUNDATIONUCLA JONSSON CANCER CENTER FOUNDATIONWORLD VISION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,336,864
Program Service Revenue $5,448,619
Investment Income $20,920
Other Revenue $-67,304
TOTAL REVENUE $8,739,099

Expense Breakdown

Grants Paid $1,134,808
Salaries & Benefits $1,867,635
Fundraising Expenses $231,532
Program Expenses $9,656,070
Other Expenses $8,248,368
TOTAL EXPENSES $11,250,811

Year-over-Year Comparison

2023 2022 Change
Revenue $8,739,099 $6,244,258 +0.4%
Expenses $11,250,811 $11,260,674 0.0%
Net Income $-2,511,712 $-5,016,416 -0.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
16
Volunteers
3559

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$90,117
Total Directors
3
$90,117
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MURPHY REINSCHREIBER CHIEF OPERATING OFFICER 40.00
Highest
$246,264 $33,742 $280,006
JOHN DUKE SENIOR DIRECTOR OF PARTNERSHIPS 40.00
Highest
$216,498 $712 $217,210
LAURIE GESTAL SENIOR DIRECTOR MARKETING 40.00
Highest
$174,048 $6,527 $180,575
STACY FERRARO SENIOR DIRECTOR OF OPERATIONS 40.00
Highest
$138,453 $14,038 $152,491
CLAUDIA GLIGA ACCOUNTING MANAGER 40.00
Highest
$132,702 $20,807 $153,509
BRIAN MCCOURT CHAIRMAN/PRESIDENT 40.00
Officer Director
$90,000 $117 $90,117
FRANK MCCOURT DIRECTOR 0.25
Director
$0 $0 $0
RYAN MCCOURT DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $8,739,099 $11,250,811 $20,009,505 $-2,511,712
2023 $8,570,757 $11,279,570 $19,871,900 $-2,708,813
2022 $6,244,258 $11,260,674 $21,783,885 $-5,016,416
2021 $6,917,849 $6,538,434 $29,762,470 $379,415
2020 $9,549,769 $8,021,980 $29,164,650 $1,527,789
2019 $24,821,556 $578,113 $30,802,971 $24,243,443
2018 $808,245 $771,844 $1,106,982 $36,401
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