Civic Intelligence

Million Dollar Round Table Foundation

990 • Fiscal year 2015 • EIN 36-6080766

Sep 01, 2014 to Aug 31, 2015 • Filed on Jan 20, 2016

Refreshing map…

325 W Touhy AvenuePark Ridge, IL 60068

(847) 692-6378

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

11th percentile

0.03x

Higher debt load relative to revenue than 11% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

26th percentile

$112,021

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

13th percentile

-7.3%

Faster asset growth than 13% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

35th percentile

-0.9%

Faster revenue growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$24,983,501

Down $1,958,702 (-7.3%) from 2014

Net Assets

Down

$24,914,945

Down $1,880,812 (-7.0%) from 2014

Liabilities

Down

$68,556

Down $77,890 (-53%) from 2014

Revenue

Down

$2,660,225

Down $24,626 (-0.9%) from 2014

Expenses

Up

$1,828,752

Up $164,737 (+9.9%) from 2014

Net Income

Down

$831,473

Down $189,363 (-19%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2012: $21,288,352Liabilities 2012: $79,811Net Assets 2012: $21,208,5412012Assets 2014: $26,942,203Liabilities 2014: $146,446Net Assets 2014: $26,795,7572014Assets 2015: $24,983,501Liabilities 2015: $68,556Net Assets 2015: $24,914,9452015Assets 2016: $26,237,361Liabilities 2016: $54,282Net Assets 2016: $26,183,0792016Assets 2017: $28,546,337Liabilities 2017: $11,442Net Assets 2017: $28,534,8952017Assets 2018: $29,996,159Liabilities 2018: $52,004Net Assets 2018: $29,944,1552018Assets 2019: $29,949,373Liabilities 2019: $35,892Net Assets 2019: $29,913,4812019Assets 2020: $31,319,629Liabilities 2020: $65,855Net Assets 2020: $31,253,7742020Assets 2021: $36,494,105Liabilities 2021: $133,086Net Assets 2021: $36,361,0192021Assets 2022: $32,121,511Liabilities 2022: $111,397Net Assets 2022: $32,010,1142022Assets 2025: $38,843,251Liabilities 2025: $39,172Net Assets 2025: $38,804,0792025

Highlighted filing

2015

Assets$24,983,501
Liabilities$68,556
Net Assets$24,914,945

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $1,400,0222012Revenue 2014: $2,684,851Expenses 2014: $1,664,015Net Income 2014: $1,020,8362014Revenue 2015: $2,660,225Expenses 2015: $1,828,752Net Income 2015: $831,4732015Revenue 2016: $2,810,230Expenses 2016: $1,815,870Net Income 2016: $994,3602016Revenue 2017: $2,885,618Expenses 2017: $1,862,000Net Income 2017: $1,023,6182017Revenue 2018: $4,212,754Expenses 2018: $1,954,454Net Income 2018: $2,258,3002018Revenue 2019: $1,930,198Expenses 2019: $2,118,613Net Income 2019: -$188,4152019Revenue 2020: $1,891,127Expenses 2020: $2,152,860Net Income 2020: -$261,7332020Revenue 2021: $4,845,790Expenses 2021: $2,120,783Net Income 2021: $2,725,0072021Revenue 2022: $3,474,556Expenses 2022: $2,185,060Net Income 2022: $1,289,4962022Revenue 2025: $3,313,938Expenses 2025: $2,633,600Net Income 2025: $680,3382025

Highlighted filing

2015

Revenue$2,660,225
Expenses$1,828,752
Net Income$831,473
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jan 20, 2016
Return Version
2014v6.0
Gross Receipts
$8,428,444
Mission and Program Overview

Mission

The mdrt foundation gives to charitable organizations worldwide, demonstrating the generosity, service, and impact of mdrt members.

To increase member and industry participation in charitable activity and to give funds to worthwhile charitable organizations throughout the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,808,060$19,022,509▼ $1,785,551
Investments Other Securities$1,827,529$1,893,796▲ $66,267
Savings and Temporary Cash Investments$348,081$223,139▼ $124,942
Cash and Non-Interest-Bearing Accounts$173,137$77,768▼ $95,369
Prepaid Expenses and Deferred Charges$24,200$0▼ $24,200
Land, Buildings, and Equipment, Net$14,337$10,059▼ $4,278
Total Assets$26,942,203$24,983,501▼ $1,958,702
Other Assets Total$3,746,859$3,756,230▲ $9,371
Liabilities
Accounts Payable and Accrued Expenses$146,446$68,556▼ $77,890
Total Liabilities$146,446$68,556▼ $77,890
Net Assets / Fund Balance
Unrestricted Net Assets$26,795,757$24,913,445▼ $1,882,312
Temporarily Rstr Net Assets$0$1,500▲ $1,500
Total Net Assets Fund Balance$26,795,757$24,914,945▼ $1,880,812
Total Liabilities and Net Assets / Fund Balance$26,942,203$24,983,501▼ $1,958,702

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,059$136,999$147,058
Other Assets Org$3,756,230--
Other Securities$1,893,796--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$21,515,108$210,304▼ $1,737,406-$19,911,997
2013$18,471,503$250,000▲ $2,867,730-$21,515,108
2012$15,994,385$629,658▲ $1,910,823-$18,471,503
2011$14,157,875$700,000▲ $1,176,912-$15,994,385
2010$12,095,316$500,000▲ $1,618,284-$14,157,875
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Michele L StauffExecutive DirectorFT$112,021$112,021
Michelle L HoeslyEx-COM Liaison-$101,012$101,012

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,643,735
Program Service Revenue
$0
Investment Income
$912,058
Other Revenue
$104,432
All Other Contributions
$1,334,046
Change in Net Assets
$831,473

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,660,225
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,831,291
Total Revenue per Audited Statements
$828,934
Total Revenue per Form 990
$2,660,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,262,117
Other Expenses$566,635
Total Fundraising Expense$142,466
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,108,572--$1,108,572
Foreign Grants$153,545--$153,545
Fees for Service Investment Mgmnt Fees-$106,228-$106,228
Fees for Services Management-$100,000-$100,000
Conferences and Meetings-$89,799-$89,799
Office Expenses-$12,624$39,917$52,541
Information Technology-$44,356-$44,356
Travel-$35,891-$35,891
Fees for Services Other-$16,791-$16,791
Depreciation Depletion--$4,278$4,278
Advertising--$2,171$2,171
Other Expenses-$665$19,969$665
Total Functional Expenses$1,262,117$424,169$142,466$1,828,752

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,709,746
Expenses per Audited Statements$1,828,752
Total Expenses per Form 990$1,828,752
Expenses Not Reported on Form 990$880,994
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Charity WaterNew York, NY501(c)(3)Social Services$134,085
St Bernard ProjectChalmette, LA501(c)(3)Relief Services$50,000
The Dream ConnectionKnoxville, TN501(c)(3)CHILDREN'S CAUSES$50,000
Family Reach FoundationParsippany, NJ501(c)(3)CHILDREN'S CAUSES$25,000
Hawaii Cord Blood BankHonolulu, HI501(c)(3)Social Services$25,000
India Education FundDallas, TN501(c)(3)Social Services$25,000
Injured Marine Semper Fi Fund Aka Semper Fi FundOceanside, CA501(c)(3)Social Services$25,000
Junior Achievement of Alachua CountyColorado Springs, CO501(c)(3)Education$25,000
Trafficking Hope IncBaton Rouge, LA501(c)(3)Social Services$25,000
Wisconsin Vietnam Veterans Memorial Project IncNeillsville, WI501(c)(3)Social Services$25,000
Nevus Outreach IncBartlesville, OK501(c)(3)Health and Research$20,000
Bicycles for Humanity Colorado Aka B4h ColoradoDenver, CO501(c)(3)Social Services$15,000
Promise Kids a FutureGeorgetown, KY501(c)(3)Social Services$15,000
Salute IncPalatine, IL501(c)(3)Social Services$15,000
Cambodian Living ArtsNew York, NY501(c)(3)Arts and Leisure$10,000
Habitat for Humanity - Greater CincinnatiCincinnati, OH501(c)(3)Social Services$10,000
Sight Savers AmericaPelham, AL501(c)(3)Social Services$10,000
The Curators of the University of MissouriColumbia, MO501(c)(3)Animals and Enviroment$10,000
Vail Eagle Valley Rotary Aka Vail RotaryVail, CO501(c)(3)Social Services$10,000
Youth Homes IncWalnut Creek, CA501(c)(3)CHILDREN'S CAUSES$10,000
Beeve Foundation for World Eye & Halth Inc Aka the Beeve FVerdugo City, CA501(c)(3)Social Services$7,500
Dana-farber Cancer InstituteBoston, MA501(c)(3)Health and Research$7,500
International Book ProjectLexington, KY501(c)(3)Education$7,500
Pat Tillman FoundationTempe, AZ501(c)(3)Health and Research$7,500
Songs of Love FoundationForest Hills, NY501(c)(3)CHILDREN'S CAUSES$7,500
World Camp IncAsheville, NC501(c)(3)Social Services$6,675
World Cataract FoundationMemphis, TN501(c)(3)Social Services$6,675
Community Alliance for Progressive Positive Action (cappa)Williamsport, PA501(c)(3)Social Services$6,500
MedicoAustin, TX501(c)(3)Social Services$6,500
Happy FactoryCedar City, UT501(c)(3)CHILDREN'S CAUSES$5,600

International Summary

Offices
0
Employees
0
Spending
$153,545

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the Pacific -Grant MakingCharitable Grants00$63,045
North America - Canada and Mexico,Grant MakingCharitable Grants00$33,000
Europe (including Iceland & Greenland) -Grant MakingCharitable Grants00$30,500
Sub-saharan Africa - Angola, Benin, Botswana, Burkina, Faso,Grant MakingCharitable Grants00$18,500
South AsiaGrantmakingCharitable Grants00$7,500
South AmericaGrantmakingCharitable Grants00$1,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Day to day management of the foundation has been delegated to the million dollar round table under a management agreement. Under the agreement, the million dollar round table provides management and accounting services and facilities for an annual fee of $100,000. Other direct expenses are processed through the million dollar round table's accounts payable systems and are reimbursed by the foundation monthly.

Form 990, Part VI, Section A, Line 7A

One member of the board of trustees is elected each year by the nominating committee of the million dollar round table.

Form 990, Part VI, Section B, Line 11

A copy of the return is provided to the governing body via email for review prior to filing.

Form 990, Part VI, Section B, Line 12C

The foundation at its first board meeting each year conducts an orientation for new and continuing trustees. At this meeting, policies and procedures, including the conflict of interest policy, are distributed and discussed. Trustees are required at this meeting to complete and sign a disclosure statement with regard to potential conflicts of interest.

Form 990, Part VI, Section C, Line 19

The foundation makes available its governing documents, conflict of interest policy, and financial statements upon written request.

Filing and Contact Details

Filer

Filer Name
Million Dollar Round Table Foundation
EIN
36-6080766
Phone
8476926378
Address
325 W TOUHY AVENUE, PARK RIDGE, IL 60068

Signing Officer

Name
James V Durkin
Title
President
Phone
8476926378
Signed
2016-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James V Durkin
Formed
1959
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
149

Preparer

Firm
Cliftonlarsonallen Llp
Address
1301 W 22ND ST STE 1100, OAK BROOK, IL 60523
Preparer
Gregory S Adams
Phone
6305738600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Increase in cash surrender value of life insurance 73,232.

Form 990, Part XII, Line 2C

The foundation's board of directors assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

To generate income to be used as a basis for issuing grants to other qualified organizations.

PART X, LINE 2:

The foundation is a tax-exempt organization as defined by section 501(c)(3) of the internal revenue code and has been classified as an organization that is not a private foundation under section 501(a)(2). Contributions to the foundation qualify for the charitable contribution deduction under section 170(b)(1)(a). The foundation follows the requirements for accounting for uncertain tax positions. The foundation has determined that it is not required to record a liability related to uncertain tax positions as of august 31, 2015 or 2014.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Increase in cash surrender value of life insurance 73,232.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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