Thomas J Mccormac Foundation
Only null% goes to programs Strong reserves
Thomas J Mccormac Foundation is a 501(c)(3) organization based in Ft Lauderdale, Florida, registered in 2008, with $68,100 in FY2024 revenue. CharityIndex grades it C+.
4240 Galt Ocean Dr Apt 1004, Ft Lauderdale, FL, 33308 EIN 26-1539936 Since 2008
Revenue (FY2024)
$68K
▲ 8466.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$70K
Net assets
$1.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Thomas J Mccormac Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating269 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Thomas J Mccormac Foundation: 269 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Thomas J Mccormac Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Thomas J Mccormac Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 4240 Galt Ocean Dr Apt 1004, Ft Lauderdale, FL, 33308
- City
- Ft Lauderdale
- State
- Florida
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $110K (FY2013) to $68K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $119Net assets $1.6M
Operating margin
-2.5%
Spent more than it raised in the latest fiscal year.
Total assets
$1.6M
Total liabilities
$119
Net assets
$1.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $68,100▲8466% | $69,830▼40.4% | $1,567,227▲0.9% | $1,567,346▲0.9% | 990PF |
| 2023 | -$814▼101% | $117,142▲13.6% | $1,552,599▼0.5% | $1,552,599▼0.5% | 990PF |
| 2022 | $56,878▼13.7% | $103,083▼11.0% | $1,559,835▼14.2% | $1,559,835▼14.2% | 990PF |
| 2021 | $65,936▲6.7% | $115,832▲12.2% | $1,818,830▼3.0% | $1,818,855▼3.0% | 990PF |
| 2020 | $61,796▼94.9% | $103,255▼2.6% | $1,875,422▼0.1% | $1,874,713▼0.1% | 990PF |
| 2019 | $1,214,090▲1535% | $106,026▲176% | $1,877,507▲154% | $1,877,507▲154% | 990PF |
| 2018 | $74,248▲165% | $38,445▲18.1% | $738,167▼8.0% | $738,797▼7.9% | 990PF |
| 2017 | $28,071▼40.1% | $32,561▼23.1% | $802,119▲7.7% | $802,119▲7.7% | 990PF |
| 2016 | $46,893▲183% | $42,323▲6.3% | $744,986▲5.0% | $744,986▲5.0% | 990PF |
| 2015 | $16,559▼5.8% | $39,820▼38.5% | $709,198▼5.4% | $709,198▼5.4% | 990PF |
| 2014 | $17,571▼84.0% | $64,787▲42.4% | $749,886▼2.0% | $749,886▼2.0% | 990PF |
| 2013 | $110,101 | $45,510▼15.6% | $765,047▲3.2% | $765,047▲3.2% | 990PF |
| 2012 | — | $53,916▲11.2% | $741,042▲2.1% | $741,042▲2.1% | 990PF |
| 2011 | — | $48,464▲26.1% | $725,723▼5.1% | $725,723▼5.1% | 990PF |
| 2010 | — | $38,419 | $764,662 | $764,662 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Thomas J Mccormac Foundation a legitimate nonprofit?
- Yes. Thomas J Mccormac Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-1539936, based in Ft Lauderdale, Florida. Donations are tax-deductible.
- What is Thomas J Mccormac Foundation's EIN?
- Thomas J Mccormac Foundation's Employer Identification Number (EIN) is 26-1539936.
- How much revenue does Thomas J Mccormac Foundation report?
- Thomas J Mccormac Foundation reported $68,100 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Thomas J Mccormac Foundation have?
- CharityIndex grades Thomas J Mccormac Foundation C+, based on financial health (reserves and operating margin).
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Data for Thomas J Mccormac Foundation (EIN 26-1539936) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.