MCCOURT FOUNDATION INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
MCCOURT FOUNDATION INC (EIN 90-0623963)
Tax period
2019-01-01 to 2019-12-31
Filed
2021-06-23
IRS object ID
202101749349301010
Schema version
2019v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-06-23T11:22:37-05:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN043097400PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KEVIN P MARTIN & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110 FORBES ROADAddressLine1Txt
CityBRAINTREECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02184ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN900623963EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE MCCOURT FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMCCOBusinessNameControlTxt
Phone2125423000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 GRANDVIEW ROADAddressLine1Txt
CityBRAINTREECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02184ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRIAN MCCOURTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2125423000PhoneNum
Signature2021-06-22SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOLANTA TUCK CPAPreparerPersonNm
PTINP01340068PTIN
Phone7813803520PhoneNum
Preparation2021-06-22PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBRIAN MCCOURTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 GRANDVIEW ROADAddressLine1Txt
CityBRAINTREECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02184ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$25,532,065GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MCCOURTFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2010FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTHE ORGANIZATION'S MISSION IS THREEFOLD: (1)TO RAISE DONATIONS TO FUND MUCH NEEDED ALZHEIMERS DISEASE AND MULTIPLE SCLEROSIS RESEARCH (2)EDUCATE PATIENTS AND CAREGIVERS WITH DAY TO DAY CHALLENGES OF THESE DISEASES WITH MEDICAL UPDATES AND SEMINARS THROUGHOUT THE YEAR (3) TO CREATE AWARENESS OF ALZHEIMERS AND MULTIPLE SCLEROSIS WITHIN THE COMMUNITY.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee3TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$788,010PYContributionsGrantsAmt
CY Contributions Grants$24,933,596CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$20,035PYInvestmentIncomeAmt
CY Investment Income$42,945CYInvestmentIncomeAmt
PY Other Revenue$200PYOtherRevenueAmt
CY Other Revenue-$154,985CYOtherRevenueAmt
PY Total Revenue$808,245PYTotalRevenueAmt
CY Total Revenue$24,821,556CYTotalRevenueAmt
PY Grants And Similar Paid$337,191PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$305,633CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$165,807PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$211,553CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$42,312CYTotalFundraisingExpenseAmt
PY Other Expenses$268,846PYOtherExpensesAmt
CY Other Expenses$60,927CYOtherExpensesAmt
PY Total Expenses$771,844PYTotalExpensesAmt
CY Total Expenses$578,113CYTotalExpensesAmt
PY Revenues Less Expenses$36,401PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$24,243,443CYRevenuesLessExpensesAmt
Total Assets BOY$1,106,982TotalAssetsBOYAmt
Total Assets EOY$30,802,971TotalAssetsEOYAmt
Total Liabilities BOY$11,266TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,352,221TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,095,716NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$25,450,750NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE ORGANIZATION'S MISSION IS THREEFOLD: (1)TO RAISE DONATIONS TO FUND MUCH NEEDED ALZHEIMERS DISEASE AND MULTIPLE SCLEROSIS RESEARCH (2)EDUCATE PATIENTS AND CAREGIVERS WITH DAY TO DAY CHALLENGES OF THESE DISEASES WITH MEDICAL UPDATES AND SEMINARS THROUGHOUT THE YEAR (3) TO CREATE AWARENESS OF ALZHEIMERS AND MULTIPLE SCLEROSIS WITHIN THE COMMUNITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$414,793ExpenseAmt
Grant$305,633GrantAmt
Revenue$1,170RevenueAmt
DescFUNDING PROJECTS TO SUPPORT RESEARCH INTO CURES FOR ALZHEIMERS DISEASE AND MULTIPLE SCLEROSIS.Desc
Total Program Service Expenses$414,793TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee3EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRIAN MCCOURTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6178722056PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 GRANDVIEW ROADAddressLine1Txt
CityBRAINTREECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02184ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BRIAN MCCOURT
PRESIDENT30.000.00Yes (X)Yes (X)$81,341$0$3,240
PAUL MCCOURT
TRASURER5.000.00Yes (X)Yes (X)$0$0$0
PETER MCCOURT
SECRETARY2.000.00Yes (X)Yes (X)$0$0$0
RYAN MCCOURT
MEMBER2.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$81,341TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$3,240TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$595,741FundraisingAmt
All Other Contributions$24,337,855AllOtherContributionsAmt
Noncash Contributions$24,200,000NoncashContributionsAmt
Total Contributions$24,933,596TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$21,565TotalRevenueColumnAmt
Exclusion$21,565ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$531,284SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$509,904SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$21,380SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$21,380TotalRevenueColumnAmt
Exclusion$21,380ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$44,450FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$595,741ContriRptFundraisingEventAmt
Fundraising Direct Expenses$200,605FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$156,155TotalRevenueColumnAmt
Exclusion-$156,155ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,170TotalRevenueColumnAmt
Related Or Exempt Func Income$1,170RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,170OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$24,821,556TotalRevenueColumnAmt
Related Or Exempt Func Income$1,170RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$113,210ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$303,633TotalAmt
Program Services$303,633ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$2,000TotalAmt
Program Services$2,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$84,581TotalAmt
Program Services$35,524ProgramServicesAmt
Management And General$33,426ManagementAndGeneralAmt
Fundraising$15,631FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$106,967TotalAmt
Program Services$44,927ProgramServicesAmt
Management And General$42,273ManagementAndGeneralAmt
Fundraising$19,767FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$4,871TotalAmt
Program Services$2,046ProgramServicesAmt
Management And General$1,925ManagementAndGeneralAmt
Fundraising$900FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$15,134TotalAmt
Program Services$6,356ProgramServicesAmt
Management And General$5,981ManagementAndGeneralAmt
Fundraising$2,797FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$12,944TotalAmt
Management And General$12,944ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$8,277TotalAmt
Management And General$8,277ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$8,419TotalAmt
Program Services$3,083ProgramServicesAmt
Management And General$3,980ManagementAndGeneralAmt
Fundraising$1,356FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$16,905TotalAmt
Program Services$8,684ProgramServicesAmt
Management And General$8,221ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,641TotalAmt
Program Services$1,529ProgramServicesAmt
Management And General$1,439ManagementAndGeneralAmt
Fundraising$673FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,308TotalAmt
Program Services$4,308ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,924TotalAmt
Program Services$1,229ProgramServicesAmt
Management And General$1,155ManagementAndGeneralAmt
Fundraising$540FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,509TotalAmt
Program Services$1,474ProgramServicesAmt
Management And General$1,387ManagementAndGeneralAmt
Fundraising$648FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$578,113TotalAmt
Program Services$414,793ProgramServicesAmt
Management And General$121,008ManagementAndGeneralAmt
Fundraising$42,312FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$346,063BOYAmt
EOY$3,859,251EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$391,819EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,700BOYAmt
EOY$33,464EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$241,058LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$224,145LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$16,913EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$755,219BOYAmt
EOY$900,868EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$25,257,666EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$342,990EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,106,982BOYAmt
EOY$30,802,971EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$11,266BOYAmt
EOY$175,518EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$4,576,703EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$600,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$11,266BOYAmt
EOY$5,352,221EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,095,716BOYAmt
EOY$25,450,750EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,095,716BOYAmt
EOY$25,450,750EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,106,982BOYAmt
EOY$30,802,971EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$24,243,443ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$111,591NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$474,438CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$599,556CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$622,072CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$788,010CurrentTaxYearMinus1YearAmt
Current Tax Year$24,978,046CurrentTaxYearAmt
Total$27,462,122TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$474,438CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$599,556CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$622,072CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$788,010CurrentTaxYearMinus1YearAmt
Current Tax Year$24,978,046CurrentTaxYearAmt
Total$27,462,122TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$27,462,122PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,769CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$42,596CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,664CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20,035CurrentTaxYearMinus1YearAmt
Current Tax Year$21,565CurrentTaxYearAmt
Total$109,629TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$441CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$200CurrentTaxYearMinus1YearAmt
Current Tax Year$1,170CurrentTaxYearAmt
Total$1,811TotalAmt
FieldValueIRS element (for citing)
Total Support$27,573,562TotalSupportAmt
Public Support CY1700.99600PublicSupportCY170Pct
Public Support PY1700.94250PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationOTHER INCOME - 2017 AMOUNT: $ 441. 2018 AMOUNT: $ 200. 2019 AMOUNT: $ 1,170.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$20,000OtherCostOrOtherBasisAmt
Depreciation$20,000DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$205,899OtherCostOrOtherBasisAmt
Depreciation$190,414DepreciationAmt
Book Value$15,485BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$15,159OtherCostOrOtherBasisAmt
Depreciation$13,731DepreciationAmt
Book Value$1,428BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$16,913TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO/FROM LA MARATHONDesc
Amt$600,000Amt
FieldValueIRS element (for citing)
Total Liability$600,000TotalLiabilityAmt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1WATERFRONT 5KEvent1Nm
Gross Receipts Event1$271,873GrossReceiptsEvent1Amt
Charitable Contri Event1$254,848CharitableContriEvent1Amt
Gross Revenue Event1$17,025GrossRevenueEvent1Amt
Rent Facility Costs Event1$70,165RentFacilityCostsEvent1Amt
Other Direct Expenses Event1$182OtherDirectExpensesEvent1Amt
Event2GALAEvent2Nm
Gross Receipts Event2$219,729GrossReceiptsEvent2Amt
Charitable Contri Event2$212,954CharitableContriEvent2Amt
Gross Revenue Event2$6,775GrossRevenueEvent2Amt
Rent Facility Costs Event2$59,390RentFacilityCostsEvent2Amt
Other Direct Expenses Event2$6,191OtherDirectExpensesEvent2Amt
Other Events Total7OtherEventsTotalCnt
Gross Receipts Other Events$148,589GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$127,939CharitableContriOtherEventsAmt
Gross Revenue Other Events$20,650GrossRevenueOtherEventsAmt
Rent Fclty Costs Other Events$64,677RentFcltyCostsOtherEventsAmt
Gross Receipts Total$640,191GrossReceiptsTotalAmt
Charitable Contributions Tot$595,741CharitableContributionsTotAmt
Gross Revenue Total Events$44,450GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$194,232RentFcltyCostsTotalEventsAmt
Oth Direct Expnss Total Events$6,373OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$200,605DirectExpenseSummaryEventsAmt
Net Income Summary-$156,155NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
BRIGHAM AND WOMENS HEALTH CARE
75 FRANCIS STREETBOSTONMA02115042921338501(C)(3)$50,000NEUROLOGY DEPARTMENT ANNUAL GIFT
JOSLIN DIABETES CENTER
ONE JOSLIN PLACEBOSTONMA02215042203836501(C)(3)$11,945PARTNERSHIP PROGRAM FOR TOUR EVENT
MASSACHUSETTS GENERAL HOSPITAL
100 CAMBRIDGE STREET SUITE 1310BOSTONMA02114041564655501(C)(3)$165,000MASS GENERAL HOSPITAL - NEUROLOGY: ANNUAL RESEARCH DONATION
SCHOLAR ATHLETES
65 ALLERTON STBOSTONMA02119273987854501(C)(3)$30,458TOUR PARTNERSHIP PROGRAM
SPINA BIFIDA ASSOCIATION OF GREATER NEW ENGLAND
219 EAST MAIN STREET SUITE 100BMILFORDMA01757237305430501(C)(3)$26,088TOUR PARTNERSHIP PROGRAM
FieldValueIRS element (for citing)
Total501c3 Org5Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE GRANTEE ORGANIZATIONS REGULARLY REPORT BACK TO ORGANIZATION ON THE RESULTS OF THEIR RESEARCH ACTIVITIES.ExplanationTxt

Schedule M IRS990ScheduleM

Secur Prtnrshp Trust Intrsts SecurPrtnrshpTrustIntrstsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$24,200,000NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2THE OFFICERS OF THE COMPANY ARE RELATED TO EACH OTHER.
FORM 990, PART VI, SECTION B, LINE 11BTHE BOARD REVIEWS THE 990 PRIOR TO ITS FILING.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC EITHER THROUGH THE MA AGS WEBSITE OR BY REQUEST.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1CONQUR ENDURANCE GROUP LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line19420 WILLSHIRE BLVD SUITE 300AddressLine1Txt
CityBEVERLY HILLSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90212ZIPCd
FieldValueIRS element (for citing)
EIN263365434EIN
Primary ActivitiesRACE OPERATIONSPrimaryActivitiesTxt
Legal Domicile StateCALegalDomicileStateCd
Total Income$0TotalIncomeAmt
End Of Year Assets$4,275,883EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1THE MCCOURT FOUNDATION INCBusinessNameLine1Txt

Reasonable Cause Explanation ReasonableCauseExplanation

FieldValueIRS element (for citing)
ExplanationJUNE 16, 2021DEPARTMENT OF THE TREASURYINTERNAL REVENUE SERVICEOGDEN, UT 84201-0074RE: THE MCCOURT FOUNDATION, INC. EMPLOYER IDENTIFICATION NUMBER: 90-0623963 FORM: 990 TAX PERIOD: DECEMBER 31, 2019DEAR SERVICE REPRESENTATIVE:ON BEHALF OF OUR CLIENT, THE MCCOURT FOUNDATION, INC., WE ARE REQUESTING THAT NO PENALTIES BE ASSESSED FOR LATE FILING OF THE YEAR ENDING DECEMBER 31, 2019 FORM 990, BASED ON REASONABLE CAUSE.REASONABLE CAUSE HAS BEEN DEFINED AS SUCH A CAUSE AS WOULD PROMPT AN ORDINARILY INTELLIGENT MAN TO ACT UNDER SIMILAR CIRCUMSTANCES AS DID THE TAXPAYER IN FAILING TO FILE HIS TAX RETURN ON TIME (CHARLES E. PEARSALL & SON, 29 BTA 747 (1934)). REASONABLE CAUSE FOR FAILURE TO FILE EXISTS TO THE EXTENT THAT THE TAXPAYER CAN SATISFACTORILY SHOW THAT HE EXERCISED ORDINARY BUSINESS CARE AND PRUDENCE IN PROVIDING FOR THE FILING OF HIS RETURN.THE MCCOURT FOUNDATION, INC. IS A NONPROFIT ORGANIZATION FORMED IN 2010 TO FUND PROJECTS TO SUPPORT RESEARCH INTO CURES FOR ALZHEIMERS DISEASE AND MULTIPLE SCLEROSIS.DURING THE YEAR, THE ORGANIZATION RECEIVED A DONATION OF AN OWNERSHIP INTEREST IN CONQUR ENDURANCE GROUP LLC. CONSEQUENTLY, A VALUATION ANALYSIS WAS REQUIRED TO BE PERFORMED. DUE TO THE SIZE OF THE LLC AND THE EXIGENCIES OF COVID, THE VALUATION TOOK AN EXTENDED AMOUNT OF TIME, RESULTING IN THE DELAY OF FILING THE 12/31/19 RETURN. AS SOON AS THE VALUATION WAS RECEIVED THE ORGANIZATION PERFORMED THE NECESSARY STEPS TO ENSURE THE RETURN WAS FILED AS PROMPTLY AS POSSIBLE.WE BELIEVE THE ABOVE-MENTIONED FACTS AND CIRCUMSTANCES DEMONSTRATE THAT THE TAXPAYER EXERCISED ORDINARY BUSINESS CARE AND PRUDENCE IN AN EFFORT TO FILE ITS TAX RETURNS IN A TIMELY MANNER. THEREFORE, LATE FILING WAS NOT DUE TO WILLFUL NEGLECT, BUT A REASONABLE CAUSE. CONSEQUENTLY, WE RESPECTFULLY REQUEST THAT NO PENALTIES BE ASSESSED.SHOULD YOU HAVE ANY FURTHER QUESTIONS OR REQUIRE ADDITIONAL INFORMATION, I MAY BE REACHED AT 781-380-3520.VERY TRULY YOURS,JOLANTA TUCK, CPAExplanationTxt

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