Million Dollar Round Table Foundation
- Assets
- $36.5m
- Revenue
- $4.8m
- Investments
- $4.8m
- Employees
- 0
- Location
- Park Ridge, IL
- Founding
- 04/1966
- Data as of
- 08/2021
- EIN
- 36-6080766
Organization Overview
Million Dollar Round Table Foundation is located in Park Ridge, IL. The organization was established in 1966. 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. Million Dollar Round Table 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 08/2021, Million Dollar Round Table Foundation generated $4.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $2.1m during the year ending 08/2021. While expenses have increased by 2.6% per year over the past 6 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 2015, Million Dollar Round Table Foundation has awarded 254 individual grants totaling $4,450,062. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MDRT FOUNDATION IS THE CHARITABLE ARM OF MILLION DOLLAR ROUND TABLE (MDRT), A GLOBAL ASSOCIATION OF FINANCIAL SERVICES PROFESSIONALS. THE MISSION OF THE MDRT FOUNDATION IS TO INCREASE MEMBER AND INDUSTRY PARTICIPATION AND TO GIVE FUNDS TO WORTHWHILE CHARITABLE ORGANIZATIONS THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MDRT FOUNDATION PROVIDES GRANT FUNDING TO A DIVERSE RANGE OF CHARITABLE PROGRAMS WORLDWIDE. GRANT AWARDS ARE DETERMINED BY A GRANT APPLICATION PROCESS, FOUNDATION POLICY, OR BY THE BOARD OF TRUSTEES. ALL GRANT RECIPIENTS MUST MEET ELIGIBILITY REQUIREMENTS, INCLUDING OPERATING AS A NOT-FOR-PROFIT FOR CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Lord Officer/treasurer | OfficerTrustee | 1 | $0 |
Brian G Tarpey Immediate Past President | OfficerTrustee | 1 | $0 |
Adrian Baker Officer/secretary | OfficerTrustee | 1 | $0 |
Brian Walsh President | OfficerTrustee | 1 | $0 |
John F Nichols Vice President | OfficerTrustee | 1 | $0 |
Michele Stauff Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $569,067 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,299,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,868,542 |
| Total Program Service Revenue | $0 |
| Investment income | $528,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,439,620 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,845,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,345,199 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $397,240 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $100,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,541 |
| Fees for services: Other | $17,051 |
| Advertising and promotion | $3,890 |
| Office expenses | $25,149 |
| Information technology | $32,052 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,710 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,520 |
| Insurance | $0 |
| All other expenses | $2,766 |
| Total functional expenses | $2,120,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $572,673 |
| Savings and temporary cash investments | $1,119,621 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,272 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,366 |
| Net Land, buildings, and equipment | $66 |
| Investments—publicly traded securities | $26,010,378 |
| Investments—other securities | $4,825,908 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,922,821 |
| Total assets | $36,494,105 |
| Accounts payable and accrued expenses | $133,086 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $133,086 |
| Net assets without donor restrictions | $36,361,019 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $36,494,105 |
Grants Awarded
Over the last fiscal year, Million Dollar Round Table Foundation has awarded $331,530 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: SOCIAL SERVICE | $50,000 |
Arlington, VA PURPOSE: SOCIAL SERVICE | $25,000 |
Chicago, IL PURPOSE: SOCIAL SERVICE | $25,000 |
Rockford, IL PURPOSE: SOCIAL SERVICE | $24,000 |
Louisville, CO PURPOSE: SOCIAL SERVICE | $18,000 |
Chicago, IL PURPOSE: SOCIAL SERVICE | $17,500 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Million Dollar Round Table Foundation has recieved totaling $1,057,889.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $649,753 |
Million Dollar Round Table Of The Natl Assn Of Life Underwriters Park Ridge, IL PURPOSE: GRANTS TO OTHER CHARITABLE ORGANIZATIONS AND MDRT MATCH FOR MDRT FOUNDATION GRANT TO TEAM RUBICON IN SUPPORT OF ERRFOTS TO HELP THE BAHAMAS FOLLOWING HURRICANE DORIAN | $336,528 |
Lincoln Community Foundation Inc Lincoln, NE PURPOSE: GENERAL SUPPORT | $50,000 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $11,575 |
Shunpike Charitable Foundation Rancho Cucamonga, CA PURPOSE: General Support | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Endowment Analysis
| Beg. Balance | $26,655,454 |
| Earnings | $5,012,916 |
| Admin Expense | $592,042 |
| Net Contributions | $58,923 |
| Ending Balance | $31,135,251 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |