Million Dollar Round Table Foundation
Nonprofit profile at a glance
- EIN
- 366080766
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Park Ridge, IL, USA
- Phone
- 8475858943
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $3,313,938
- Expenses
- $2,633,600
- Assets
- $38,843,251
- Liabilities
- $39,172
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- ALESSANDRO M FORTE FCII CFP (PRESIDENT)
- ANDREW C LORD CLU CHFC (IMMEDIATE PAST PRESIDENT)
- DAVID C BLAKE (VICE PRESIDENT)
- MICHELE L STAUFF CFRE (EXECUTIVE DIRECTOR)
Highest reported compensation
- MICHELE L STAUFF CFRE (EXECUTIVE DIRECTOR): $215,822 total reported compensation
- KAREN MATTS (MANAGER OF STRATEGIC PARTNERSHIPS): $142,874 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mdrt foundation gives to charitable organizations worldwide, demonstrating the generosity, service, and impact of mdrt members.
What it reported doing in 2024
The mdrt foundation provides grant funding to a diverse range of charitable programs worldwide. Grant awards are determined by a grant application process, foundation policy, or by the board of trustees. All grant recipients must meet eligibility requirements, including operating as a not-for-profit for charitable purposes.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 54
- Accountability: 100
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.6%; rating input score 87
- Program expense ratio: 82.8%; rating input score 83
- Fundraising efficiency: $30.17 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: 2 of 8 controls in place; rating input score 25
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Pass
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 51%; rating input score 51; 16th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 20.5%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 14.75; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 92; 92nd percentile among comparable filings
- Officer compensation ratio: 2.7%; rating input score 71; 71st percentile among comparable filings
Growth
- Program expense growth: 5.3% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 0.4% per year; rating input score 100; 13th percentile among comparable filings
- Asset growth: 4% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 86.6% of revenue deployed · 82.8% of spending went to programs
- Governance: 19 of 19 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.2M in reported program spending
- Leadership: top reported pay $216K · 22 people listed · 0 of 6 pay-setting controls reported
- Consistency: 27 of 29 current checks pass · 2 findings to review
- Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 43 filed money-flow records
- Related organizations: 44 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
- Review — Transparency & Controls: Grant itemization coverage scored 51/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.