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Robert R Mccormick Foundation

Mccormick Foundation

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

EIN: 363689171 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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

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.

Here 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):

    Timothy Knight (President & Chief Executive Officer)
  • Compensation: $428,809
  • Related: $285,873
  • Other: $58,643

    • David Granat (Cio)
  • Compensation: $300,274
  • Related: $60,055
  • Other: $57,294

    • Kimberely Tyler (Cfo & Treasurer)
  • Compensation: $59,770
  • Related: $239,082
  • Other: $57,594

    • Oscar Regalado (Senior Director Of Human Resources)
  • Compensation: $48,689
  • Related: $194,754
  • Other: $45,222

    • Donald Cooke (Senior Advisor To Ceo)
  • Compensation: $240,849
  • Related: $0
  • Other: $26,398

    • Andres Torres (Sr. Dir Strat & Plan / Sec.)
  • Compensation: $44,173
  • Related: $176,691
  • Other: $36,061

    • Anna Laubach (Director, Public Safety Portfolio)
  • Compensation: $188,774
  • Related: $0
  • Other: $39,025

    • Megan Everett (Director, Veterans Portfolio)
  • Compensation: $171,878
  • Related: $0
  • Other: $30,747

    • Jose Rodriguez (Director, Community Capital Portfolio)
  • Compensation: $149,775
  • Related: $0
  • Other: $760

    • Emanuel Johnson (Sr. Program Off, Englewood Portfolio)
  • Compensation: $129,331
  • Related: $0
  • Other: $1,500

    • Tonya Ehrenhaft (Executive Assistant)
  • Compensation: $109,611
  • Related: $0
  • Other: $2,250

    • Carla Beal (Chief Investment Officer (Beg 10/22))
  • Compensation: $43,269
  • Related: $43,269
  • Other: $0

    • Dennis Fitzsimons (Chairman Of The Board) [Trustee/Director]
  • Compensation: $28,394
  • Related: $28,394
  • Other: $0

    • Scott Smith (Director)
  • Compensation: $28,100
  • Related: $28,100
  • Other: $0

    • William Mcclean (Director (Beg 05/22))
  • Compensation: $27,500
  • Related: $27,500
  • Other: $0

    • Ruthellyn Musil (Director)
  • Compensation: $27,500
  • Related: $27,500
  • Other: $0

    • Celena Roldan (Director)
  • Compensation: $27,500
  • Related: $27,500
  • Other: $0

    • Lee Henderson (Director (Beg 05/22))
  • Compensation: $20,625
  • Related: $20,625
  • Other: $0

    • John W Madigan (Director (Thru 05/22))
  • Compensation: $13,825
  • Related: $13,825
  • Other: $0

    • Donald Wycliff (Director (Thru 05/22))
  • Compensation: $13,750
  • Related: $13,750
  • Other: $0


  • Official website here: www.mccormickfoundation.org

    Where can I find the form 990 for Robert R Mccormick Foundation?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    The Robert R. McCormick Foundation has a significant impact on building thriving communities in Chicagoland. Through providing grants to organizations focused on this mission, the foundation invests in creating opportunities for individuals to succeed, regardless of income, race, ethnicity, gender, or zip code. This support helps in fostering a more equitable and prosperous environment for all residents of Chicagoland.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • Program Service Revenue: $0
  • 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
  • Organization Details

    Founding Year

    1989

    Principal Officer

    Timothy P Knight

    Main Address

    205 N MICHIGAN AVENUE 4300, CHICAGO, IL, 60601

    NTEE Category

    Code: T30 - Philanthropy

    If you are a representative of Robert R Mccormick Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.