The Mccourt Foundation Inc

Nonprofit profile at a glance

EIN
900623963
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-N 2010
Location
South Boston, MA, USA
Phone
2125423000
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$10,248,455
Expenses
$12,136,456
Assets
$19,885,731
Liabilities
$6,439,018

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • BRIAN MCCOURT (PRESIDENT)

Highest reported compensation

  • MURPHY REINSCHREIBER (CHIEF OPERATING OFFICER): $289,909 total reported compensation
  • LAURIE GESTAL (SENIOR DIRECTOR MARKETING): $186,365 total reported compensation
  • CLAUDIA GLIGA (ACCOUNTING MANAGER): $173,196 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Striving to help cure neurological diseases, while empowering communities to build a healthier world.

What it reported doing in 2024

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 92 nonprofit organizations, which collectively raised more than $4 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.alzheimer's associationamerican cancer societyamerican foundation for suicide preventionbig brothers big sisters of greater los angelesla boys & girls clubcalifornia rehabilitation foundationceliac disease foundationchildren's hospital los angelesclaris healthconcern foundation for cancer researchempowering leadership in latina athletesglioblastoma foundationhabitat for humanity of greater los angelesheart of los angeleshirshberg foundation for pancreatic cancer researchhollywood food coalitionlegal aid foundation of los angeleslos angeles center for law and justicelos angeles parks foundationlymphoma research foundationnational alliance on mental illness, greater los angeles county (namiglac)national brain tumor societynorth valley caring servicesosborne head and neck foundationpancreatic cancer action networkparkinson's foundationpublic counselpuente learning centerspecial olympics southern californiasusan g. Komenteam world visionteen cancer americathe als association golden west chapterthe association for frontotemporal degeneration (aftd)the national ms societyucla jonsson cancer center foundationudla unification of disabled latin americansunited way of greater los angeles

Operating model

Revenue model
Earned-program. 68% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 87% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 71
  • Accountability: 62
  • Sustainability: 26
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 86.3%; rating input score 86
  • Fundraising efficiency: $13.17 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Limited
  • Grant itemization coverage: 99.9%; rating input score 100; 38th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -18.4%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 1.64; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 8.7%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 26.5% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 15.7% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 17.9% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 86.3% of spending went to programs
  • Governance: 2 of 3 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $10.5M in reported program spending
  • Leadership: top reported pay $290K · 8 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $391K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 10 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Related organizations: 9 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.
  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
  • High — Sustainability: Operating margin scored 5/100.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.