Civic Intelligence

Million Dollar Round Table Foundation

990 • Fiscal year 2022 • EIN 36-6080766

Sep 01, 2021 to Aug 31, 2022 • Filed on Jul 14, 2023

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.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

10th percentile

0.03x

Higher debt load relative to revenue than 10% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

84th percentile

37%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

35th percentile

$198,051

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

15th percentile

-12%

Faster asset growth than 15% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-28%

Faster revenue growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Down

$32,121,511

Down $4,372,594 (-12%) from 2021

Net Assets

Down

$32,010,114

Down $4,350,905 (-12%) from 2021

Liabilities

Down

$111,397

Down $21,689 (-16%) from 2021

Revenue

Down

$3,474,556

Down $1,371,234 (-28%) from 2021

Expenses

Up

$2,185,060

Up $64,277 (+3.0%) from 2021

Net Income

Down

$1,289,496

Down $1,435,511 (-53%) from 2021

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

2022

Assets$32,121,511
Liabilities$111,397
Net Assets$32,010,114

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

2022

Revenue$3,474,556
Expenses$2,185,060
Net Income$1,289,496
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jul 14, 2023
Return Version
2021v4.2
Gross Receipts
$8,432,940
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$26,010,378$21,269,127▼ $4,741,251
Investments Other Securities$4,825,908$4,413,264▼ $412,644
Savings and Temporary Cash Investments$1,119,621$1,224,678▲ $105,057
Cash and Non-Interest-Bearing Accounts$572,673$990,409▲ $417,736
Accounts Receivable$26,272$43,373▲ $17,101
Prepaid Expenses and Deferred Charges$16,366$0▼ $16,366
Land, Buildings, and Equipment, Net$66$0▼ $66
Total Assets$36,494,105$32,121,511▼ $4,372,594
Other Assets Total$3,922,821$4,180,660▲ $257,839
Liabilities
Accounts Payable and Accrued Expenses$133,086$111,397▼ $21,689
Total Liabilities$133,086$111,397▼ $21,689
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$36,361,019$31,910,114▼ $4,450,905
Net Assets With Donor Restrictions-$100,000-
Total Net Assets Fund Balance$36,361,019$32,010,114▼ $4,350,905
Total Liabilities and Net Assets / Fund Balance$36,494,105$32,121,511▼ $4,372,594

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$188,338$188,338
Other Assets Org$4,180,660--
Other Securities$4,413,264--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$31,135,251$130,345▼ $4,540,443-$26,085,430
2020$26,655,454$58,923▲ $5,012,916-$31,135,251
2019$24,874,648$460,340▲ $1,887,471-$26,655,454
2018$24,940,236$200,000▲ $278,908-$24,874,648
2017$23,225,713$717,544▲ $1,126,080-$24,940,236
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Karen MattsGlobal Development ManagerFT$129,612$129,612

Board Members and Trustees

NameTitle
Brian WalshImmediate Past President
John NicholsPresident
Adrian BakerVice President
Michele StauffExecutive Director
Aleen M SwoffordTrustee
Elaine MilneTrustee
Heather LindsleyTrustee
Jay DefinisTrustee
Jim SilbernagelTrustee
Mark HannaTrustee
Michael P AustinTrustee
Mohamad AbdullahTrustee
Pecky WongTrustee
Priti KucheriaTrustee
Simon GibsonTrustee
Thomas R MccoyTrustee
Timothy ClairmontTrustee
Jerry D SemlerTrustee Emeritus
Ian GreenExecutive Committee Liaison
Andrew LordOfficer/secretary
Alessandro ForteOfficer/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,864,262
Program Service Revenue
$0
Investment Income
$1,594,876
Other Revenue
$15,418
All Other Contributions
$1,555,234
Change in Net Assets
$1,289,496

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,355,921
Revenue Not Reported on Financial Statements
$118,635
Revenue Not Reported on Form 990
$-4,326,845
Total Revenue per Audited Statements
$-970,924
Total Revenue per Form 990
$3,474,556
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,708,671
Other Expenses$476,389
Total Fundraising Expense$101,559
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,084,765--$1,084,765
Foreign Grants$623,906--$623,906
Fees for Service Investment Mgmnt Fees-$118,635-$118,635
Fees for Services Management$20,000$20,000$60,000$100,000
Conferences and Meetings-$65,406$10,901$76,307
Information Technology-$42,440-$42,440
All Other Expenses-$24,326-$24,326
Fees for Services Other-$22,169-$22,169
Office Expenses-$10,306$50$10,356
Other Expenses$27,133$24,415$5,510$5,510
Advertising--$3,240$3,240
Depreciation Depletion--$66$66
Total Functional Expenses$1,755,804$327,697$101,559$2,185,060

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,379,981
Total Expenses per Form 990$2,185,060
Expenses per Audited Statements$2,066,425
Expenses Not Reported on Form 990$1,313,556
Expenses Not Reported on Financial Statements$118,635
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New Image Youth CenterOrlando, FL501(c)(3)Social Service$60,475
Appalachia Service ProjectJohnson City, TN501(c)(3)Social Service$50,000
CHILDREN'S CANCER ASSOCIATIONPortland, OR501(c)(3)Social Service$50,000
Life HappensArlington, VA501(c)(3)Social Service$35,000
Global Pediatric AllianceSan Francisco, CA501(c)(3)Social Service$25,500
Give Sight GlobalOmaha, NE501(c)(3)Social Service$25,000
One World SurgeryDeerfield, IL501(c)(3)Social Service$25,000
Rsvp of Enid and North Central Oklahoma Inc Aka Rsvp of EnEnid, OK501(c)(3)Social Service$25,000
The Posse FoundationNew York, NY501(c)(3)Social Service$25,000
To Write Love on Her Arms Twloha IncMelbourne, FL501(c)(3)Social Service$25,000
Pluta Cancer CenterRochester, NY501(c)(3)Social Service$20,000
Youth Homes IncConcord, CA501(c)(3)Social Service$16,000
Cradling New LifeDes Moines, IA501(c)(3)Social Service$15,000
Jack and Jill Late Stage Cancer FoundationAtlanta, GA501(c)(3)Social Service$15,000
University of Tennessee Foundation Inc (cait)Knoxville, TN501(c)(3)Social Service$15,000
Seed Programs InternationalAsheville, NC501(c)(3)Social Service$14,000
Edwins Leadership & Restaurant InstituteCleveland, OH501(c)(3)Social Service$13,000
Tifton Judicial Circuit ShelterTifton, GA501(c)(3)Social Service$13,000
Bear Necessities Pediatric Cancer FoundationChicago, IL501(c)(3)Social Service$12,500
Boot CampaignTyler, TX501(c)(3)Social Service$12,000
Hospice Dreamcatcher Foundation IncScottsdale, AZ501(c)(3)Social Service$12,000
Well ConstructedLongmont, CO501(c)(3)Social Service$12,000
Youth for Human Rights International Aka United for Human RiLos Angeles, CA501(c)(3)Social Service$11,000
Music & MemoryMineola, NY501(c)(3)Social Service$10,500
Denison UniversityGranville, OH501(c)(3)Social Service$10,290
BackbonesProspect Heights, IL501(c)(3)Social Service$10,000
Boys Hope Girls Hope of IllinoisWilmette, IL501(c)(3)Social Service$10,000
Future Link IncRockville, MD501(c)(3)Social Service$10,000
Gift From the Heart FoundationSchiller Park, IL501(c)(3)Social Service$10,000
Paws With Purpose Inc Aka PwpLouisville, KY501(c)(3)Social Service$10,000
Smoky Mountain Service DogsLoudon, TN501(c)(3)Social Service$10,000
Salute IncPalatine, IL501(c)(3)Social Service$8,000
Gallantfew IncRoanoke, TX501(c)(3)Social Service$7,500
Filipino American Chamber of Commerce Foundation IncTorrance, CA501(c)(3)Social Service$6,000
Hope Haven International MinistriesRock Valley, IA501(c)(3)Social Service$6,000
Brigance Brigade FoundationOwings Mills, MD501(c)(3)Social Service$5,500

International Summary

Offices
0
Employees
0
Spending
$3,942,297

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Investments in Hedge FundsInvestments in Hedge Funds00$3,318,391
East Asia and the Pacific -Grant MakingCharitable Grants00$389,906
North America - Canada and Mexico,Grant MakingCharitable Grants00$79,000
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumGrant MakingCharitable Grants00$67,000
South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,Grant MakingCharitable Grants00$64,500
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,Grant MakingCharitable Grants00$13,000
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Grant MakingCharitable Grants00$7,000
Russia and Neighboring StatesGrant MakingCharitable Grants00$3,500
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
Business relationship with 35% controlled entity
No
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
Adrian Baker
Title
President
Phone
8476926378
Signed
2023-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michele L Stauff
Formed
1959
Legal Domicile
Il
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
576

Preparer

Firm
Cliftonlarsonallen Llp
Address
1301 WEST 22ND STREET SUITE 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 376,283.

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, 2022 or 2021.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Increase in cash surrender value of life insurance 376,283.

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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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