Pierre And Kathryn Mccormick Family Foundation Inc
- Assets
- $553.1k
- Revenue
- $288.3k
- Investments
- $516.6k
- Employees
- 0
- Location
- Venice, FL
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 82-2715709
Organization Overview
Pierre And Kathryn Mccormick Family Foundation Inc is located in Venice, FL. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Pierre And Kathryn Mccormick Family Foundation Inc 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, Pierre And Kathryn Mccormick Family Foundation Inc generated $288.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 66.7% each year . All expenses for the organization totaled $291.3k during the year ending 12/2021. While expenses have increased by 75.1% per year over the past 4 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 2018, Pierre And Kathryn Mccormick Family Foundation Inc has awarded 34 individual grants totaling $505,500. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pierre Mccormick President, D | 0.25 | $0 | |
Carla Mccormick Secretary, D | 0.25 | $0 | |
Kathryn Mccormick Treasurer, D | 0.25 | $0 | |
Allan Lopez Director | 0.1 | $0 | |
Sean Mccormick Director | 0.1 | $0 | |
Matthew Minnaugh Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $3 |
| Dividends & Interest | $10,299 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,014 |
| Capital Gain Net Income | $28,014 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $288,316 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $91 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,743 |
| Total operating and administrative expenses | $5,834 |
| Contributions, gifts, grants paid | $285,500 |
| Total expenses and disbursements | $291,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,535 |
| 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 | $516,608 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $553,143 |
| 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, Pierre And Kathryn Mccormick Family Foundation Inc has awarded $285,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Erie, PA PURPOSE: UNRESTRICTED | $250,000 |
Erie, PA PURPOSE: UNRESTRICTED | $10,000 |
ERIE DOWNTOWN DEVELOPMENT CORPORATI PURPOSE: UNRESTRICTED | $7,500 |
Erie, PA PURPOSE: UNRESTRICTED | $5,000 |
CATHOLIC FOUNDATION OF NW PA PURPOSE: UNRESTRICTED | $5,000 |
Erie, PA PURPOSE: UNRESTRICTED | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |