McC Foundation INC FY2020 filing

New York, NY · Public charity (501(c)(3)) · Human Services

✓ Tax-deductible
Revenue
$418K
Spent
$109K
To programs
0%
Net assets
$566K
By yearFY2020–FY2024
Revenue
$418K
FY2020
Revenue by fiscal year
FY2020$418K
FY2021$241K
FY2022$208K
FY2023$800K
FY2024$750K
Expenses
$109K
FY2020
Expenses by fiscal year
FY2020$109K
FY2021$120K
FY2022$568K
FY2023$963K
FY2024$573K
Net assets
$566K
FY2020
Net assets by fiscal year
FY2020$566K
FY2021$687K
FY2022$327K
FY2023$164K
FY2024$340K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CMcC Foundation INC
EINHdr · item D47-2470005
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2015
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CNew York, NY
NTEE classificationIRS BMFHuman Services (P80)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $0.81 Fundraising $0.19
Management & general81%$89K
Fundraising19%$20K
Total functional expensesLn 25$109K

Financial health

Is it on solid ground?

Program efficiency
0%
of spending reaches programs
Operating runway
57.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+74%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$633K
FY2020
Total assets by fiscal year
FY2020$633K
FY2021$840K
FY2022$338K
FY2023$169K
FY2024$3.3M
Total liabilities
$67K
FY2020
Total liabilities by fiscal year
FY2020$67K
FY2021$153K
FY2022$12K
FY2023$5K
FY2024$2.9M
Revenue less expensesPt I · Ln 19$309K
Total assetsPt X · Ln 16$633K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Balance Sheet

Part X · end of year
CashLn 1$438K
Total assetsLn 16$633K
Total liabilitiesLn 26$67K
Total net assetsLn 32$566K
Months of cash on handcomputed48.3

Statement of Revenue

Part VIII
Contributions & grants101%$424K
Total revenueLn 12$418K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $438K · Operating expenses (Pt IX) $109K · Less non-cash grants $18K · Cash operating expenses/yr $91K
57.8 months
Where the money goes
Program services
Program services $0 · Total expenses $109K
0%
Management & General
Management & general $89K · Total expenses $109K
81%
Fundraising
Fundraising $20K · Total expenses $109K
19%
Cost to raise $1
Fundraising expense $20K · Solicited contributions $424K
$0.05 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $424K · Total revenue $418K
101%
Government reliance
Government grants — · Total revenue $418K
—
Earned-income share
Program service revenue $0 · Total revenue $418K
0%
Investment reliance
Investment income $0 · Total revenue $418K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $109K
0%
Growth & trend
Revenue growth (YoY)
This year $418K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $566K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $418K · Expenses $109K
+74%
Liabilities-to-Assets
Total liabilities — · Total assets $633K
—
Net-asset ratio
Net assets $566K · Total assets $633K
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $633K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Thomas Gelb · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $109K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $69K · Total expenses $109K
63%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Overhead ratio 81%——
Fundraising cost ratio 5%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See McC Foundation INC executive salaries →

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Governance & Policies

Part VI
  • 4Voting board membersPt VI · Ln 1a
  • 4Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Educates children with autism to help them learn and grow.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.
01

To support organizations where children with autism receive unparalleled instruction utilizing a holistic approach with one to one tailored teaching.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$33K
Grants paid · 2 grants · $1.3M · 2022–2023

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $750K$573K-6% 990 PDF
FY2023 $800K$963K+286% 990 PDF
FY2022 $208K$568K-14% 990 PDF
FY2021 $241K$120K-42% 990 PDF
FY2020 Viewing $418K$109K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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