Civic Intelligence

Million Dollar Round Table Foundation

990 • Fiscal year 2018 • EIN 36-6080766

Sep 01, 2017 to Aug 31, 2018 • Filed on Jan 31, 2019

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

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

6th percentile

0.01x

Higher debt load relative to revenue than 6% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

34th percentile

$192,212

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

61st percentile

5.1%

Faster asset growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

46%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$29,996,159

Up $1,449,822 (+5.1%) from 2017

Net Assets

Up

$29,944,155

Up $1,409,260 (+4.9%) from 2017

Liabilities

Up

$52,004

Up $40,562 (+355%) from 2017

Revenue

Up

$4,212,754

Up $1,327,136 (+46%) from 2017

Expenses

Up

$1,954,454

Up $92,454 (+5.0%) from 2017

Net Income

Up

$2,258,300

Up $1,234,682 (+121%) from 2017

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

2018

Assets$29,996,159
Liabilities$52,004
Net Assets$29,944,155

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

2018

Revenue$4,212,754
Expenses$1,954,454
Net Income$2,258,300
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jan 31, 2019
Return Version
2017v2.3
Gross Receipts
$38,291,705
Mission and Program Overview

Mission

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

The mdrt foundation is the charitable arm of million dollar round table (mdrt), a global association of financial services professionals. The mission of the mdrt foundation is to increase member and industry participation and to give funds to worthwhile charitable organizations throughout the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$21,715,158$24,134,181▲ $2,419,023
Savings and Temporary Cash Investments$1,316,517$1,610,771▲ $294,254
Investments Other Securities$1,372,413$63,731▼ $1,308,682
Cash and Non-Interest-Bearing Accounts$15,848$41,900▲ $26,052
Land, Buildings, and Equipment, Net$2,012$35,640▲ $33,628
Accounts Receivable$16,000$0▼ $16,000
Prepaid Expenses and Deferred Charges-$11,250-
Total Assets$28,546,337$29,996,159▲ $1,449,822
Other Assets Total$4,108,389$4,098,686▼ $9,703
Liabilities
Accounts Payable and Accrued Expenses$11,442$52,004▲ $40,562
Total Liabilities$11,442$52,004▲ $40,562
Net Assets / Fund Balance
Unrestricted Net Assets$28,534,895$29,944,155▲ $1,409,260
Total Net Assets Fund Balance$28,534,895$29,944,155▲ $1,409,260
Total Liabilities and Net Assets / Fund Balance$28,546,337$29,996,159▲ $1,449,822

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$35,640$150,298$185,938
Other Assets Org$4,098,686--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$23,225,713$717,544▲ $1,126,080-$24,940,236
2016$20,946,238$232,704▲ $2,126,693-$23,225,713
2015$19,878,543$250,000▲ $890,030-$20,946,238
2014$21,515,108$210,304▼ $1,770,860-$19,878,543
2013$18,471,503$250,000▲ $2,867,730-$21,515,108
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Michele L StauffExecutive DirectorFT$138,979$138,979
Mark HannaEx Officio-$100,976$100,976

Board Members and Trustees

NameTitle
H Richard Dobson JrImmediate Past President
Marc a SilvermanPresident
Theodore RusinoffVice President
Laura McgradyDirector of Finance
Adrian P BakerTrustee
Alessandro M ForteTrustee
Ana Sofia RodriguezTrustee
Caroline KhengTrustee
Gregory B GagneTrustee
J Scott DavisonTrustee
John F NicholsTrustee
Kathleen R BenjaminTrustee
Mike McneilTrustee
Peter HillTrustee
Rand HarbertTrustee
Randy L ScritchfieldTrustee
Sam BaldwinTrustee
Wendy BoydTrustee
William M UpsonTrustee
Jerry D SemlerTrustee Emeritus
Brian G TarpeySecretary
Brian WalshTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,892,051
Program Service Revenue
$0
Investment Income
$2,311,032
Other Revenue
$9,671
All Other Contributions
$1,498,633
Change in Net Assets
$2,258,300

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,212,754
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$106,051
Total Revenue per Audited Statements
$4,318,805
Total Revenue per Form 990
$4,212,754
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,491,776
Other Expenses$462,678
Total Fundraising Expense$68,925
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,313,074--$1,313,074
Foreign Grants$178,702--$178,702
Fees for Service Investment Mgmnt Fees-$129,114-$129,114
Fees for Services Management-$100,000-$100,000
Conferences and Meetings-$77,591-$77,591
Office Expenses-$8,370$21,449$29,819
Fees for Services Other-$18,790-$18,790
Travel-$17,358-$17,358
Advertising--$7,275$7,275
Depreciation Depletion--$5,252$5,252
Information Technology-$4,871-$4,871
Other Expenses-$3,227$4,924$3,227
All Other Expenses-$1,591-$1,591
Total Functional Expenses$1,491,776$393,753$68,925$1,954,454

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,909,545
Expenses per Audited Statements$1,954,454
Total Expenses per Form 990$1,954,454
Expenses Not Reported on Form 990$955,091
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Exodus RoadtheColorado Springs, CO501(c)3Social Services$258,202
Inner-city ArtsLos Angeles, CA501(c)3Arts and Leisure$30,550
Big Brothers Big Sisters of Jackson CountyJackson, MI501(c)3CHILDREN'S CAUSES$25,000
Life HappensArlington, VA501(c)3Education$25,000
Soles4soulsOld Hickory, TN501(c)3Disaster Relief Fund$25,000
Wentworth-douglass Hospital & Health FoundationDover, NH501(c)3Health and Research$25,000
Free Wheelchair MissionIrvine, CA501(c)3Social Services$20,000
Hope Haven International MinistriesRock Valley, IA501(c)3Social Services$15,000
Moyer FoundationPhiladelphia, PA501(c)3CHILDREN'S CAUSES$15,000
Bicycles for Humanity ColoradoDenver, CO501(c)3Social Services$10,000
Brain Tumor Foundation for ChildrenAtlanta, GA501(c)3Social Services$10,000
Cambodian Living ArtsNew York, NY501(c)3Arts and Leisure$10,000
Coastal Bend Food BankCorpus Christi, TX501(c)3Disaster Relief Fund$10,000
Diabetes Research InstituteHollywood, FL501(c)3Health and Research$10,000
HADASSAH (THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA)New York, NY501(c)3Health and Research$10,000
It Happened to Alexa FoundationLewiston, NY501(c)3Social Services$10,000
KidpackPlymouth, MN501(c)3CHILDREN'S CAUSES$10,000
Memorial Sloan-kettering Cancer CenterNew York, NY501(c)3Health and Research$10,000
Peter & Julie Stott FoundationPortland, OR501(c)3Social Services$10,000
Seeds of PeaceNew York, NY501(c)3Social Services$10,000
TEXAS CHILDREN'S HOSPITALHouston, TX501(c)3Disaster Relief Fund$10,000
Make-a-wish Foundation of AmericaPhoenix, AZ501(c)3CHILDREN'S CAUSES$8,500

International Summary

Offices
0
Employees
0
Spending
$178,702

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$57,702
North America - Canada and Mexico,Grant MakingCharitable Grants00$55,000
Europe (including Iceland & Greenland)Grant MakingCharitable Grants00$39,500
Sub-saharan AfricaGrant MakingCharitable Grants00$12,500
South AsiaGrant MakingCharitable Grants00$6,500
Central America and the CaribbeanGrant MakingCharitable Grants00$5,000
Middle East and North AfricaGrant MakingCharitable Grants00$1,500
South AmericaGrant MakingCharitable 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 11B

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
Ted Rusinoff
Title
President
Phone
8476926378
Signed
2019-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michele L Stauff
Formed
1959
Legal Domicile
Il
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
200

Preparer

Firm
Cliftonlarsonallen Llp
Address
1301 W 22ND ST STE 1100, OAK BROOK, IL 60523
Preparer
Melissa E Struck
Phone
6305738600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Increase in cash surrender value of life insurance 254,060.

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 509(a). 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, 2018 or 2017.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Increase in cash surrender value of life insurance 254,060.

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt11EX OFFICIO
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IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR OF FINANCE
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IRS990/MissionDesc0THE MDRT FOUNDATION IS THE CHARITABLE ARM OF MILLION DOLLAR ROUND TABLE (MDRT), A GLOBAL ASSOCIATION OF FINANCIAL SERVICES PROFESSIONALS. THE MISSION OF THE MDRT FOUNDATION IS TO INCREASE MEMBER AND INDUSTRY PARTICIPATION AND TO GIVE FUNDS TO WORTHWHILE CHARITABLE ORGANIZATIONS THROUGHOUT THE WORLD.
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0813090
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0902482
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt0388674
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