Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2011.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990; $1.1M paid to officers and key staff.
Murphy Reinschreiber’s $246K as Chief Operating Officer is at the 53rd percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| John Duke | $144,644 | $216,498 | $174,734 | $211,263 | $267,250 | — |
| Murphy Reinschreiber | $245,976 | $246,264 | $246,533 | $250,699 | $265,562 | — |
| John Palmer | — | — | — | $118,096 | $217,000 | — |
| Laurie Gestal | $174,253 | $174,048 | $174,331 | — | — | — |
| Claudia Gliga | $146,275 | $132,702 | $122,866 | $115,605 | $125,020 | — |
| Stacy Ferraro | $142,752 | $138,453 | $138,771 | — | — | — |
| Stacy Embretson | — | — | — | $132,415 | $140,008 | — |
| Brian McCourt | $90,000 | $90,000 | $90,000 | $90,503 | $78,750 | $81,341 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Funding research and community programs to cure neurological diseases and build a healthier world.
Questions for McCourt Foundation INC
Your first name shows with your question. McCourt Foundation INC answers here, for everyone.
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Funding projects to support research into cures for alzheimers disease and multiple SCLEROSIS.SEE schedule o for continued DESCRIPTION.2020 nonprofit partnership PROGRAM71 nonprofit partners - raising over $3.9 millionnonprofit including but not limited to:world visionchildren's hospital of los angelesst.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.9M | $2.3M |
| InvestmentsLn 11–13 | $901K | $874K |
| Land, buildings, equipmentLn 10c | $17K | $11K |
| Total assetsLn 16 | $30.8M | $29.2M |
| LiabilitiesLn 26 | $5.4M | $2.2M |
| Net assetsLn 32 | $25.5M | $27.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.1M | $1.1M | ||
| Pay of current officers, directors and key staffLn 5 | $83K | $63K | $19K | $751 |
| Other salaries and wagesLn 7 | $1.7M | $1.3M | $395K | $16K |
| Other employee benefitsLn 9 | $286K | $217K | $66K | $3K |
| Payroll taxesLn 10 | $86K | $65K | $20K | $777 |
| Management feesLn 11a | $36K | $28K | $8K | $330 |
| Legal feesLn 11b | $111K | $84K | $26K | $1K |
| Accounting feesLn 11c | $85K | $64K | $19K | $765 |
| Investment management feesLn 11f | $4K | $3K | $976 | $38 |
| Other fees for servicesLn 11g | $561K | $427K | $129K | $5K |
| Advertising and promotionLn 12 | $330K | $251K | $76K | $3K |
| Office expensesLn 13 | $337K | $256K | $78K | $3K |
| Information technologyLn 14 | $53K | $40K | $12K | $482 |
| OccupancyLn 16 | $6K | $5K | $1K | $58 |
| TravelLn 17 | $179K | $136K | $41K | $2K |
| Depreciation, depletion and amortizationLn 22 | $11K | $8K | $3K | $101 |
| InsuranceLn 23 | $259K | $197K | $60K | $2K |
| Other expenses (24a–d)Ln 24 | $2.8M | $1.8M | $969K | $3K |
| Total functional expensesLn 25 | $8.0M | $6.1M | $1.9M | $41K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $10.2M | $12.1M | −$1.9M | $13.4M | 990 PDF |
| FY2023 | $8.7M | $11.3M | −$2.5M | $15.2M | 990 PDF |
| FY2022 | $6.2M | $11.3M | −$5.0M | $17.7M | 990 PDF |
| FY2021 | $6.9M | $6.5M | $379K | $27.4M | 990 PDF |
| FY2020 Viewing | $9.5M | $8.0M | $1.5M | $27.0M | 990 PDF |
| FY2019 | $24.8M | $578K | $24.2M | $25.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $9,549,769 revenue, 12 lines filed
Part VI · Governance 3 of 4 board members independent, 4 to look at
Part VIII · Statement of revenue $9,549,769 across 9 lines filed
Part IX · Statement of functional expenses $8,021,980 across 18 lines filed
Part X · Balance sheet $29,164,650 assets, 17 lines filed
Part XI · Reconciliation of net assets $26,959,077 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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