Thomas J Mccormac Foundation
- Assets
- $1.8m
- Revenue
- $65.9k
- Investments
- $1.8m
- Employees
- 0
- Location
- Camp Hill, PA
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 26-1539936
Organization Overview
Thomas J Mccormac Foundation is located in Camp Hill, PA. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Thomas J Mccormac Foundation 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, Thomas J Mccormac Foundation generated $65.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $115.8k during the year ending 12/2021. While expenses have increased by 16.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Thomas J Mccormac Foundation has awarded 48 individual grants totaling $397,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $50,051 |
| Dividends & Interest | $11,027 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,858 |
| Capital Gain Net Income | $4,858 |
| Net ST Capital Gain | $916 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,936 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $745 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85 |
| Total operating and administrative expenses | $12,332 |
| Contributions, gifts, grants paid | $103,500 |
| Total expenses and disbursements | $115,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,023 |
| 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 | $585,330 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,818,855 |
| 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 | $25 |
| Total liabilities | $25 |
Grants Awarded
Over the last fiscal year, Thomas J Mccormac Foundation has awarded $103,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
PENNSYLVANIA STEAM ACADEMY PURPOSE: TO AID IN THE PURPOSE OF THE ORGANIZATION. | $20,000 |
GARY SINISE FOUNDATION PURPOSE: TO AID IN THE PURPOSE OF THE ORGANIZATION. | $15,000 |
HARRISBURG AREA YMCA PURPOSE: PROGRAMS TO ASSIST CHILDREN WITHIN THE COMMUNITY. | $10,000 |
THE SALVATION ARMY PURPOSE: TO AID IN THE PURPOSE OF THE ORGANIZATION. | $10,000 |
Erlanger, KY PURPOSE: TO AID IN THE PURPOSE OF THE ORGANIZATION. | $10,000 |
BETHESDA MISSION PURPOSE: TO AID IN THE PURPOSE OF THE ORGANIZATION. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |