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Mcgrorty Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 136095086 ✦ Jacksonville, FL ✦ Designated as a 501(c)(3)

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Overview

What is Mcgrorty Foundation?

The McGrorty Foundation, situated in Brewster, New York, is a nonprofit organization with a dedicated mission. They primarily focus on awarding grants to organizations whose programs contribute to the advancement of medical research. By providing financial support to these organizations, the McGrorty Foundation plays a significant role in fostering progress in the medical field. The foundation's activities are aligned with this mission, emphasizing their commitment to promoting research and innovation in healthcare.

Is Mcgrorty Foundation legitimate?

Mcgrorty Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcgrorty Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $16,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Mcgrorty Foundation?

The McGrorty Foundation's mission is centered around supporting organizations whose programs contribute significantly to the advancement of medical research. This mission is carried out by providing grants to these organizations, thereby enabling them to further their efforts in this field. The foundation's primary objective is to foster and accelerate medical discoveries, ultimately benefiting the broader community. The McGrorty Foundation's activities are thus focused on promoting and financing research programs that hold promise for improving human health and understanding various medical conditions.

What is the revenue of Mcgrorty Foundation?

Mcgrorty Foundation's revenue in 2023 was $257,595.

Who are the executives of Mcgrorty Foundation and what are their salaries?

Here are 5 key members and their salaries:


Laura K Draga (Dir Of Science Advisor)
  • Compensation: $0
  • Related: $0
  • Other: $0
James M Pollock Jr (President)
  • Compensation: $8,000
  • Related: $0
  • Other: $0
Adelle P Pollock (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hunter R Pollock (Vice-President)
  • Compensation: $8,000
  • Related: $0
  • Other: $0
Joanne P Pollock (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Mcgrorty Foundation?

Mcgrorty Foundation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Mcgrorty Foundation

The McGrorty Foundation is dedicated to supporting organizations whose programs contribute to the advancement of medical research. By granting funds to these organizations, the McGrorty Foundation aims to foster innovations and discoveries in the medical field. The mission of the McGrorty Foundation is to invest in the future of healthcare, recognizing the importance of research in driving progress and improving lives.

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Impact




October, 2024

The Mcgrorty Foundation significantly impacts the field of medical research by providing essential funding to organizations dedicated to advancing scientific knowledge and innovative treatments. Through its grant-making initiatives, the foundation amplifies the efforts of various programs, helping to drive important research projects that may lead to breakthroughs in healthcare. Located in Brewster, NY, the foundation focuses on enhancing the capacity of organizations engaged in medical research, thereby contributing to improved health outcomes and fostering the development of new therapies and interventions. By supporting these initiatives, the Mcgrorty Foundation plays a vital role in addressing pressing medical challenges and promoting advancements that benefit society as a whole.




This information is meant to be a general summary of Mcgrorty Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$257,595 (2023)
Expenses
$176,065 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $132,484
  • Gross Receipts: $549,815

Assets and Liabilities:

  • Total Assets: $4,084,476
  • Total Liabilities: $0
  • Net Assets: $4,084,476

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Organization Details

Founding Year

1959

Principal Officer

James M Pollock Jr

NTEE Category

Code: H00J - Medical research

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