Mccormack Foundation
- Assets
- $761.7k
- Revenue
- $184.5k
- Investments
- $423.2k
- Employees
- 0
- Location
- Bluffdale, UT
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-2965902
Organization Overview
Mccormack Foundation is located in Bluffdale, UT. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Mccormack 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 12/2022, Mccormack Foundation generated $184.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.0%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK TO HELP ALL PEOPLE LEAD HEALTHY, PRODUCTIVE LIVES. TO FOCUS ON IMPROVING PEOPLES HEALTH AND GIVING THEM A CHANCE TO LIFT THEMSELVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO WORK TO HELP ALL PEOPLE LEAD HEALTHY, PRODUCTIVE LIVES. TO FOCUS ON IMPROVING PEOPLES HEALTH AND GIVING THEM A CHANCE TO LIFT THEMSELVES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $184,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30 |
| Total Revenue | $184,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,158 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $500 |
| Total operating and administrative expenses | $1,658 |
| Contributions, gifts, grants paid | $7,350 |
| Total expenses and disbursements | $9,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,555 |
| Savings and temporary cash investments | $0 |
| 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 | $423,219 |
| Net Land, buildings, and equipment | $2,895 |
| Other assets | $0 |
| Total assets | $761,669 |
| 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, Mccormack Foundation has awarded $22,050 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UTAH VALLEY UNIVERSITY PURPOSE: CHARITABLE | $6,500 |
LATINOS IN ACTION PURPOSE: CHARITABLE | $850 |
UTAH VALLEY UNIVERSITY PURPOSE: CHARITABLE | $6,500 |
LATINOS IN ACTION PURPOSE: CHARITABLE | $850 |
UTAH VALLEY UNIVERSITY PURPOSE: CHARITABLE | $6,500 |
LATINOS IN ACTION PURPOSE: CHARITABLE | $850 |