Overview
What is Robert R Mccormick Foundation?
The Robert R Mccormick Foundation, also known as the McCormick Foundation, is a Chicago-based nonprofit organization headquartered at 205 N Michigan Avenue, with a mission to invest in local organizations that foster thriving communities in Chicagoland. Their primary focus is on providing grants to these organizations to support individuals, regardless of income, race, ethnicity, gender, or zip code, in achieving success. With a team of 21 employees, the McCormick Foundation's activities include grant-making and related administration, working towards creating communities where everyone has access to the resources and opportunities needed to flourish.
Official website here: www.mccormickfoundation.org
What are the reviews and ratings of this charity?
The Robert R. McCormick Foundation is currently not rated by Charity Navigator, largely due to a lack of complete data required for a comprehensive evaluation. This includes missing scores in several key areas like Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability. The need for more electronically filed IRS Form 990 data impedes the foundation from receiving a full rating.
Although not fully rated, the available data indicates that the foundation is an independent organization with substantial financial backing, mostly from governmental units or the public. Key personnel remuneration is notably well-documented, highlighting transparency in administrative compensation. These financial details provide some insight into the organization’s operations and infrastructure efficiency.
No user reviews are currently available on GreatNonprofits, leaving a gap in understanding the public perception and impact of the organization's programs from the community's perspective. Additional e-filing and data disclosure would aid in providing a more robust evaluation to accurately reflect the foundation's reach and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Robert R Mccormick Foundation legitimate?
Robert R Mccormick Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Robert R Mccormick 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: $1,490,132
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,491,006
For more financial information, click here
Official website here: www.mccormickfoundation.org
What is the mission statement of Robert R Mccormick Foundation?
The Robert R Mccormick Foundation supports organizations that work towards creating thriving communities, ensuring individuals have the necessary resources and opportunities for success, regardless of their income or demographic background. The foundation invests in various groups dedicated to this cause, aiming to build communities where everyone can prosper. Their grants facilitate initiatives that foster individual success and promote equity, benefiting communities across diverse income levels, races, ethnicities, genders, and zip codes.
Official website here: www.mccormickfoundation.org
Who is the CEO of Robert R Mccormick Foundation?
Timothy P Knight is the Chairman Of The Board of Robert R Mccormick Foundation. The CEO's salary of Robert R Mccormick Foundation is $240,849 and their total compensation is $267,247.
Official website here: www.mccormickfoundation.org
What is the revenue of Robert R Mccormick Foundation?
Robert R Mccormick Foundation's revenue in 2022 was $64,881,149.
Official website here: www.mccormickfoundation.org
Who are the executives of Robert R Mccormick Foundation and what are their salaries?
The average compensation at Robert R Mccormick Foundation during 2022 was $189,578. There are 21 employees and 6 volunteers at Robert R Mccormick Foundation.
Here are 20 key members and their salaries (Robert R Mccormick Foundation's CEO's salary is $240,849 and their total compensation is $267,247):
- Compensation: $28,394
- Related: $28,394
- Other: $0
- Compensation: $28,100
- Related: $28,100
- Other: $0
- Compensation: $27,500
- Related: $27,500
- Other: $0
- Compensation: $27,500
- Related: $27,500
- Other: $0
- Compensation: $27,500
- Related: $27,500
- Other: $0
- Compensation: $20,625
- Related: $20,625
- Other: $0
- Compensation: $13,825
- Related: $13,825
- Other: $0
- Compensation: $13,750
- Related: $13,750
- Other: $0
- Compensation: $428,809
- Related: $285,873
- Other: $58,643
- Compensation: $300,274
- Related: $60,055
- Other: $57,294
- Compensation: $59,770
- Related: $239,082
- Other: $57,594
- Compensation: $44,173
- Related: $176,691
- Other: $36,061
- Compensation: $43,269
- Related: $43,269
- Other: $0
- Compensation: $48,689
- Related: $194,754
- Other: $45,222
- Compensation: $240,849
- Related: $0
- Other: $26,398
- Compensation: $188,774
- Related: $0
- Other: $39,025
- Compensation: $171,878
- Related: $0
- Other: $30,747
- Compensation: $149,775
- Related: $0
- Other: $760
- Compensation: $129,331
- Related: $0
- Other: $1,500
- Compensation: $109,611
- Related: $0
- Other: $2,250
Official website here: www.mccormickfoundation.org
Where can I find the form 990 for Robert R Mccormick Foundation?
Robert R Mccormick Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mccormickfoundation.org
Learn more at the official website: www.mccormickfoundation.org
Mission Statement of Robert R Mccormick Foundation
The Robert R. Mccormick Foundation is a grant-making organization that invests in institutions working to build thriving communities in Chicagoland. Their mission is geared towards providing resources and opportunities for all individuals, disregarding factors such as income, race, ethnicity, gender, or zip code. By supporting these organizations, the Foundation aims to foster communities where every individual can succeed.
The Robert R. Mccormick Foundation is committed to creating a positive impact on the lives of people in Chicagoland. Through its grant programs, the Foundation has been instrumental in funding various organizations that have made a significant difference in the lives of many. These grants not only cover the financial aspect but also include related administrative support.
The Foundation's investments are directed towards organizations that work towards building thriving communities in Chicagoland. By providing these organizations with the necessary resources, they can continue to deliver essential services and programs that empower individuals and contribute to the overall development of the region. The Foundation's vision is to create a society where everyone has equal access to opportunities, enabling them to reach their full potential.
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Impact
October, 2024
The Robert R. McCormick Foundation significantly contributes to the enhancement of communities in Chicagoland by providing grants to various organizations focused on fostering thriving environments. Its mission is to ensure that all individuals, regardless of their income, race, ethnicity, gender, or zip code, have access to the resources and opportunities necessary for success. Through targeted grant-making in diverse program areas, the foundation plays a vital role in addressing the unique challenges faced by different communities, thereby promoting inclusivity and equitable growth across the region. The impact of these efforts is reflected in strengthened community ties, improved access to education, and an overall elevation of living standards for residents in the area.
This information is meant to be a general summary of Robert R Mccormick 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $51,504,786
- Gross Receipts: $143,251,043
Assets and Liabilities:
- Total Assets: $1,467,739,432
- Total Liabilities: $63,086,281
- Net Assets: $1,404,653,151
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Organization Details
Founding Year
1989
Phone
(630) 260-8151Principal Officer
Timothy P Knight
Main Address
205 N MICHIGAN AVENUE 4300, CHICAGO, IL, 60601
Website
www.mccormickfoundation.orgNTEE Category
Code: T99Z - Philanthropy
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