John L Mccormick Memorial Tr
- Assets
- $2.8m
- Revenue
- $136.5k
- Investments
- $2.7m
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 20-6285678
Organization Overview
John L Mccormick Memorial Tr is located in Fargo, ND. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John L Mccormick Memorial Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, John L Mccormick Memorial Tr generated $136.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $209.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom D Mccormick Trustee | 0 | $0 | |
Steve D Mccormick Trustee | 0 | $0 | |
Maurice G Mccormick Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $69,203 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $16,898 |
| Net ST Capital Gain | $16,898 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $67,329 |
| Total Revenue | $136,540 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,135 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $59 |
| Total operating and administrative expenses | $9,194 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $209,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $168,842 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,676,189 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,845,031 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, John L Mccormick Memorial Tr has awarded $400,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ST PAUL'S NEWMAN CENTER PURPOSE: RELIGIOUS | $185,000 |
ST PAUL'S NEWMAN CENTER PURPOSE: RELIGIOUS | $185,000 |
ST JOHN PAUL II CATHOLIC SCHOOLS PURPOSE: EDUCATION | $15,000 |
ST JOHN PAUL II CATHOLIC SCHOOLS PURPOSE: EDUCATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
Bozeman Deaconess Foundation Bozeman, MT | $46,305,218 | $4,373,861 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |
Nexus Community Partners Saint Paul, MN | $15,080,839 | $10,294,112 |
Eagle Mount - Bozeman Bozeman, MT | $10,240,049 | $4,315,685 |
Laboure Society Eagan, MN | $5,263,561 | $3,075,426 |
Microgrants Minneapolis, MN | $2,657,136 | $3,778,207 |
Kalispell Regional Healthcare Foundation Kalispell, MT | $20,715,347 | $6,239,558 |