Robert R Mccormick Foundation

Chicago, IL
Tax-exempt since March 1990
EIN: 36-3689171

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Operated a donor-advised fund

Organization maintained a donor-advised fund or similar account through which donors could direct the distribution or investment of funds. Details are reported on Schedule D.

Revenue

$64.9M (2022)

Expenses

$103M (2022)

Total Assets

$1.47B (2022)

Total Liabilities

$63.1M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$64,881,149

Expenses

$102,934,841

Net Income

-$38,053,692

Net Assets

$1,404,653,151

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$13,376,363	20.6%
Program Services	$0
Investment Income	$21,930,263	33.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$29,574,523	45.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,490,132	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,491,006	2.4%

Assets/Debt
Total Assets	$1,467,739,432
Total Liabilities	$63,086,281
Net Assets	$1,404,653,151

Operated a donor-advised fund

Compensation

Key Employees and Officers	Compensation	Related	Other
Timothy Knight (President & Chief Executive Officer)	$428,809	$285,873	$58,643
David Granat (Cio)	$300,274	$60,055	$57,294
Donald Cooke (Senior Advisor To Ceo)	$240,849	$0	$26,398
Anna Laubach (Director, Public Safety Portfolio)	$188,774	$0	$39,025
Megan Everett (Director, Veterans Portfolio)	$171,878	$0	$30,747
Jose Rodriguez (Director, Community Capital Portfolio)	$149,775	$0	$760
Emanuel Johnson (Sr. Program Off, Englewood Portfolio)	$129,331	$0	$1,500
Tonya Ehrenhaft (Executive Assistant)	$109,611	$0	$2,250
Kimberely Tyler (Cfo & Treasurer)	$59,770	$239,082	$57,594
Oscar Regalado (Senior Director Of Human Resources)	$48,689	$194,754	$45,222
Andres Torres (Sr. Dir Strat & Plan / Sec.)	$44,173	$176,691	$36,061
Carla Beal (Chief Investment Officer (Beg 10/22))	$43,269	$43,269	$0
Dennis Fitzsimons (Chairman Of The Board)	$28,394	$28,394	$0
Scott Smith (Director)	$28,100	$28,100	$0
William Mcclean (Director (Beg 05/22))	$27,500	$27,500	$0
Ruthellyn Musil (Director)	$27,500	$27,500	$0
Celena Roldan (Director)	$27,500	$27,500	$0
Lee Henderson (Director (Beg 05/22))	$20,625	$20,625	$0
John W Madigan (Director (Thru 05/22))	$13,825	$13,825	$0
Donald Wycliff (Director (Thru 05/22))	$13,750	$13,750	$0

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990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$106,935,451

Expenses

$62,059,717

Net Income

$44,875,734

Net Assets

$1,664,712,180

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$8,176,536	7.6%
Program Services	$0
Investment Income	$20,402,448	19.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$78,356,467	73.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,886,180	3.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,122,197	3.4%

Assets/Debt
Total Assets	$1,700,505,100
Total Liabilities	$35,792,920
Net Assets	$1,664,712,180

Operated a donor-advised fund

Compensation

Key Employees and Officers	Compensation	Related	Other
Timothy Knight (President And Chief Executive Officer)	$505,362	$126,341	$56,296
Donald Cooke (Secretary)	$355,231	$18,696	$54,659
David Granat (Vp. Chief Investment Officer)	$289,410	$57,883	$54,659
Cornelia Grumman (Director Of Education Program)	$260,069	$0	$51,407
Anna Laubach (Director, Public Safety Portfolio)	$185,753	$0	$35,493
Megan Everett (Director, Veterans Portfolio)	$168,468	$0	$26,765
Courtney Steck Term 042021 (Dir. Of Org. Eff. & Stra. Initiative)	$161,810	$0	$20,143
Oscar Regalado (Director Of Human Resources)	$131,944	$71,047	$37,604
Louis Marsico Jr (Sr. Vice President Of Operations)	$81,027	$324,109	$51,223
Philip Zepeda (Director Of Communications)	$73,858	$110,787	$41,836
Akaose Kachikwu (Director Of It)	$66,618	$99,928	$27,723
Kim Tyler (Cfo And Treasurer)	$61,144	$91,717	$3,214
Dennis Fitzsimons (Chairman Of The Board)	$27,762	$27,763	$0
Scott Smith (Director)	$27,650	$27,650	$0
John W Madigan (Director)	$27,575	$27,575	$0
Ruthellyn Musil (Director)	$27,500	$27,500	$0
Donald Wycliff (Director)	$27,500	$27,500	$0
William Mcclean (Director)	$27,500	$27,500	$0
Celena Roldan (Director)	$27,500	$27,500	$0

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990

Filed on Nov. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2020

Revenue

$43,489,096

Expenses

$91,509,150

Net Income

-$48,020,054

Net Assets

$1,480,764,443

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$9,356,884	21.5%
Program Services	$0
Investment Income	$15,423,029	35.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$16,684,183	38.4%
Net Inventory Sales	$0
Other Revenue	$2,025,000	4.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,941,363	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,360,745	3.7%

Assets/Debt
Total Assets	$1,522,880,168
Total Liabilities	$42,115,725
Net Assets	$1,480,764,443

Operated a donor-advised fund

Compensation

Key Employees and Officers	Compensation	Related	Other
David Hiller Thru 32320 (President & Chief Executive Officer)	$417,902	$139,301	$63,330
Donald Cooke (Snr. Vp Of Philanthropy, Secretary)	$349,493	$18,395	$78,952
Timothy Knight From 32320 (President & Chief Executive Officer)	$346,484	$115,494	$25,238
David Granat (Vp, Chief Investment Officer)	$279,600	$61,376	$74,769
Cornelia Grumman (Program Director)	$236,440	$0	$69,902
Rebekah Levin (Director Of Evaluation)	$219,625	$0	$61,632
Shawn Healy (Program Director)	$191,683	$0	$52,791
Anna Laubach (Program Director)	$179,142	$0	$52,702
William Koll Thru 11620 (Program Director)	$167,955	$0	$16,505
Megan Everett (Program Director)	$166,291	$0	$32,042
Philip Zepeda (Director Of Communications)	$136,308	$73,396	$67,729
Oscar Regalado (Director Of Human Resources)	$121,423	$69,727	$61,204
Nakita Burrell (Director Of Finance & Administration)	$107,598	$61,787	$47,411
Louis J Marsico Jr (Snr. Vp Of Operations, Treasurer)	$78,589	$314,355	$64,487
Dennis Fitzsimons (Director, Chairman Of The Board)	$35,425	$20,100	$0
Scott Smith (Director)	$35,200	$20,100	$0
John Madigan (Director)	$35,050	$20,100	$0
Don Wycliff (Director)	$34,900	$20,100	$0
Ruthellyn Musil (Director)	$34,900	$20,100	$0
Will Mclean (Director)	$34,900	$20,100	$0
Celena Roldan (Director)	$34,900	$20,100	$0
Sheau Ming Ross Thru 3620 (Chief Financial Officer & Treasurer)	$33,141	$33,141	$18,194

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990

Filed on Nov. 12, 2021

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XML

Fiscal Year Ending Dec.
2019

Revenue

$64,528,141

Expenses

$73,616,401

Net Income

-$9,088,260

Net Assets

$1,390,278,253

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$8,372,114	13.0%
Program Services	$14,904	0.0%
Investment Income	$23,648,885	36.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$32,492,238	50.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,705,545	3.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,369,407	4.6%

Assets/Debt
Total Assets	$1,418,560,225
Total Liabilities	$28,281,972
Net Assets	$1,390,278,253

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2018

Revenue

$72,410,544

Expenses

$62,687,148

Net Income

$9,723,396

Net Assets

$1,220,214,813

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$7,758,798	10.7%
Program Services	$15	0.0%
Investment Income	$19,911,647	27.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$44,740,084	61.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,603,963	4.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,535,199	5.6%

Assets/Debt
Total Assets	$1,254,672,877
Total Liabilities	$34,458,064
Net Assets	$1,220,214,813

990

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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PDF (2 of 2)

Fiscal Year Ending Dec.
2017

Revenue

$67,316,111

Expenses

$104,962,080

Net Income

-$37,645,969

Net Assets

$1,360,729,922

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$12,221,288	18.2%
Program Services	$0
Investment Income	$22,503,171	33.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$32,591,652	48.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,237,383	2.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,890,277	3.7%

Assets/Debt
Total Assets	$1,391,901,639
Total Liabilities	$31,171,717
Net Assets	$1,360,729,922

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Revenue

$58,862,050

Expenses

$84,974,438

Net Income

-$26,112,388

Net Assets

$1,232,558,599

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$23,342,745	39.7%
Program Services	$0
Investment Income	$18,301,000	31.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$17,204,364	29.2%
Net Inventory Sales	$0
Other Revenue	$13,941	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,307,823	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,600,240	4.2%

Assets/Debt
Total Assets	$1,267,759,375
Total Liabilities	$35,200,776
Net Assets	$1,232,558,599

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2015

Revenue

$69,942,028

Expenses

$72,148,999

Net Income

-$2,206,971

Net Assets

$1,216,185,818

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$20,226,899	28.9%
Program Services	$7,051	0.0%
Investment Income	$18,916,370	27.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$30,784,212	44.0%
Net Inventory Sales	$0
Other Revenue	$7,496	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,183,387	3.0%
Professional Fundraising Fees	$5,693	0.0%
Other Salaries and Wages	$3,461,935	4.8%

Assets/Debt
Total Assets	$1,251,839,102
Total Liabilities	$35,653,284
Net Assets	$1,216,185,818

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Revenue

$106,361,160

Expenses

$75,283,545

Net Income

$31,077,615

Net Assets

$1,281,671,891

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$15,577,976	14.6%
Program Services	$12,500	0.0%
Investment Income	$18,996,693	17.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$71,773,762	67.5%
Net Inventory Sales	$0
Other Revenue	$229	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,352,097	3.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,417,101	4.5%

Assets/Debt
Total Assets	$1,324,555,986
Total Liabilities	$42,884,095
Net Assets	$1,281,671,891

990

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$121,675,991

Expenses

$84,105,501

Net Income

$37,570,490

Net Assets

$1,287,510,751

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$17,550,193	14.4%
Program Services	$6,441	0.0%
Investment Income	$19,527,710	16.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$84,591,130	69.5%
Net Inventory Sales	$0
Other Revenue	$517	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,105,003	2.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,283,911	3.9%

Assets/Debt
Total Assets	$1,331,662,305
Total Liabilities	$44,151,554
Net Assets	$1,287,510,751

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$67,443,458

Expenses

$62,990,671

Net Income

$4,452,787

Net Assets

$1,166,527,618

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$15,247,510	22.6%
Program Services	$19,073	0.0%
Investment Income	$19,035,841	28.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$33,135,589	49.1%
Net Inventory Sales	$0
Other Revenue	$5,445	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,067,031	3.3%
Professional Fundraising Fees	$10,136	0.0%
Other Salaries and Wages	$3,259,371	5.2%

Assets/Debt
Total Assets	$1,199,449,711
Total Liabilities	$32,922,093
Net Assets	$1,166,527,618

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2011

Revenue

$36,160,702

Expenses

$83,172,827

Net Income

-$47,012,125

Net Assets

$1,060,186,391

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$17,724,621	49.0%
Program Services	$12,985	0.0%
Investment Income	$19,639,361	54.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,276,253
Net Inventory Sales	$0
Other Revenue	$59,988	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,015,577	2.4%
Professional Fundraising Fees	$18,659	0.0%
Other Salaries and Wages	$3,248,797	3.9%

Assets/Debt
Total Assets	$1,103,940,308
Total Liabilities	$43,753,917
Net Assets	$1,060,186,391

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Updated November 21, 2024

Robert R Mccormick Foundation

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $64.9M (2022)

Expenses $103M (2022)

Total Assets $1.47B (2022)

Total Liabilities $63.1M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$64.9M (2022)

Expenses

$103M (2022)

Total Assets

$1.47B (2022)

Total Liabilities

$63.1M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001