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McU Foundation EIN 88-4171437

McU Foundation

EIN  88-4171437 Private foundation / grantmaker New York, NY
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Size
$1–10M
What they do
A private foundation based in New York, NY. It reported about $1.1M in revenue for 2024.
Leadership
Jim Mill · Director (as of 08/2024)
Money in and out
$1.1M revenue, $165K expenses
Bottom line
—

A private foundation based in New York, NY. It reported about $1.1M in revenue for 2024. For fiscal year 2024 it reported $1.1M in revenue, $165K in expenses, and $3.0M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$165K
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $958K
Total assets
3.0M
deployed as grants and operations
Grants paid
155K
in FY2024
Grants made
37grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 37 grants · $155K · 2024–2024
McU MembersFY2024$14,215
Suncoast Credit Union FoundationFL · FY2024$10,000
Jeremy MartinezFY2024$10,000
Jeannette MullerFY2024$10,000
Palisade Towers on Schroeder Street YonkersFY2024$5,000
Naeem KhanFY2024$5,000
Antonio DiazFY2024$5,000
Miles Jones CEO Visionary ScholarshipFY2024$5,000
Paris KittrellFY2024$5,000
Bradley Reports and City CollegeFY2024$5,000
Sanae AbrahamsFY2024$5,000
Kayin BannFY2024$5,000
Favor EmeFY2024$5,000
Sym Thorpe IVFY2024$5,000
Ja-Ni BrumfieldFY2024$5,000
Ehinowen UwaFY2024$5,000
Anthony RodriguezFY2024$5,000
Carolyn EllisFY2024$5,000
See all 37 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV1
Average grantPart XV$4K
Median grantPart XV$5K
Largest grantPart XV$14K
Top cause focusNTEEEducation (3%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$1.1M
FY2024▼ -46%
Expenses
$165K
FY2024▲ ×67
Total assets
$3.0M
FY2024▲ +45%
Total liabilities
$0
FY2024
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$165K
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Total assetsPt II$3.0M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMcU Foundation
EINHdr · item D88-4171437
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFMay 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Jim Mill
Director (as of 08/2024)
$0Pt VII · Sec A
George Chacon
President & Director
$0Pt VII · Sec A
Andrew Weltman
Secretary & Director
$0Pt VII · Sec A
Frank Madeira
Treasurer & Director
$0Pt VII · Sec A
Kyle Markland
Member Representative
$0Pt VII · Sec A
Juan Luna
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Kelly Gerber
Director (as of 03/2024)
$0Pt VII · Sec A
See McU Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$1.0M · 93%
Investment income$76K · 7%
Contributions & grants93%$1.0M
Investment income7%$76K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.94 Operating & administrative $0.06
Grants & contributions paid94%$155K
Operating & administrative6%$10K
Total functional expensesLn 25$165K

Balance Sheet

Part X · end of year
CashLn 1$1.5M
Total assetsLn 16$3.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.0M
Months of cash on handcomputed112.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $3.0M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $1.1M
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $1.1M
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $2.1M
-46%
Net-asset trend (YoY)
End of year $3.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $165K
+85%
Liabilities-to-Assets
Total liabilities — · Total assets $3.0M
—
Net-asset ratio
Net assets $3.0M · Total assets $3.0M
100%
People & payroll
Highest Reported Total Compensation
Individual Jim Mill · Reported title DIRECTOR (AS OF 08/2024) · Highest reported compensation $0 · Total expenses $165K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -46%——

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.1M revenue · viewing · ⤓ 990 PDF
FY2023$2.1M revenue · ⤓ 990 PDF
FY2022$0 revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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