Civic Intelligence

Jimmy Mcgrath Foundation

990 • Fiscal year 2023 • EIN 92-0737271

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 06, 2024

26 Captains WatchShelton, CT 06484

(203) 246-8365

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

94th percentile

68%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

$129,893

No earlier filing loaded for comparison.

Net Assets

$129,893

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$168,196

No earlier filing loaded for comparison.

Expenses

$54,248

No earlier filing loaded for comparison.

Net Income

$113,948

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2023: $129,893Liabilities 2023: $0Net Assets 2023: $129,8932023Assets 2024: $99,041Liabilities 2024: $0Net Assets 2024: $99,0412024

Highlighted filing

2023

Assets$129,893
Liabilities$0
Net Assets$129,893

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2023: $168,196Expenses 2023: $54,248Net Income 2023: $113,9482023Revenue 2024: $54,222Expenses 2024: $85,074Net Income 2024: -$30,8522024

Highlighted filing

2023

Revenue$168,196
Expenses$54,248
Net Income$113,948
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 6, 2024
Return Version
2023v5.0
Gross Receipts
$228,139
Mission and Program Overview

Mission

To assist our youth in promoting their mental and physical wellness, while instilling in them a profound appreciation for the value of a human life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$100,006-
Cash and Non-Interest-Bearing Accounts$15,945$25,373▲ $9,428
Intangible Assets-$4,514-
Total Assets$15,945$129,893▲ $113,948
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,945$129,893▲ $113,948
Total Net Assets Fund Balance$15,945$129,893▲ $113,948
Total Liabilities and Net Assets / Fund Balance$15,945$129,893▲ $113,948
Compensation and Service Providers

Board Members and Trustees

NameTitle
Margaret McgrathPresident
Rose McgrathSecretary
Kevin McgrathTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,223
Program Service Revenue
$0
Investment Income
$6
Other Revenue
$156,967
All Other Contributions
$11,223
Change in Net Assets
$113,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$44,435
Other Expenses$9,813
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$44,435--$44,435
Insurance-$2,873-$2,873
Depreciation Depletion-$1,986-$1,986
Other Expenses-$31-$31
Total Functional Expenses$44,435$9,813$0$54,248
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arms Wide OpenIvoryton, CT-Programs$10,300
The Wakeman AgencyNew York, NY-Programs$9,000
Bridgeport Youth LacrosseBridgeport, CT-Programs$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$216,910
Fundraising Direct Expenses$59,943
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$155,110$155,110$15,955$139,155
Jimjam Concert$55,000$55,000$80$54,920
Total Events$216,910$216,910$59,943$156,967
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Kevin mcgrath margaret mcgrath trustee trustee married rose mcgrath kevin mcgrath trustee trustee parent-daughter rose mcgrath margaret mcgrath trustee trustee parent- daughter

Form 990, Page 6, Part VI, Line 11B

Organizations 990 is reviewed and approved by the board before filing.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon requiest.

Filing and Contact Details

Filer

Filer Name
Jimmy Mcgrath Foundation
EIN
92-0737271
Phone
2032468365
Address
26 CAPTAINS WATCH, SHELTON, CT 06484

Signing Officer

Name
Kevin Mcgrath
Title
Treasurer
Phone
2032468365
Signed
2024-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Mcgrath
Formed
2022
Legal Domicile
Ct
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
50

Preparer

Firm
Bkc Cpas Pc
Address
39 STATE ROUTE 12 STE 2, FLEMINGTON, NJ 08822
Preparer
Diane Testa CPA
Phone
9087827900
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Unarmed and without any provocation, jimmy mcgrath was senselessly murdered in a surprise attack by a 16-year-old athlete from another school. The teen murderer shockingly deemed it appropriate to use a lethal weapon, a knife, to mortally wound jimmy and stab three other unarmed teenagers, who thankfully survived. This mentalitythis total disregard for human life led to jimmy's murder is both a local and national problem. This mentality must be changed. Thus, the focal point of our mission is to assist our youth in promoting their mental and physical wellness, while instilling in them a profound appreciation for the value of a human life. At the time of his death, jimmy was a junior and star athlete at fairfield prep. But he was so much more. Jimmy was color-blind and was inclusive in all ways. You didn't have to be an all-star athlete to have his friendship and support. He was the anti-bully. He went out of his way to help other young people feel better about themselves and inspired many to improve their lives. Our foundation will support those charities, groups, and individuals who personify jimmy, his qualities, his ideals, and his life with an emphasis on promoting youth wellness and violence prevention. In sum, in his honor and memory, we will help those we feel jimmy would have helped.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UNARMED AND WITHOUT ANY PROVOCATION, JIMMY MCGRATH WAS SENSELESSLY MURDERED IN A SURPRISE ATTACK BY A 16-YEAR-OLD ATHLETE FROM ANOTHER SCHOOL. THE TEEN MURDERER SHOCKINGLY DEEMED IT APPROPRIATE TO USE A LETHAL WEAPON, A KNIFE, TO MORTALLY WOUND JIMMY AND STAB THREE OTHER UNARMED TEENAGERS, WHO THANKFULLY SURVIVED. THIS MENTALITYTHIS TOTAL DISREGARD FOR HUMAN LIFE LED TO JIMMY'S MURDER IS BOTH A LOCAL AND NATIONAL PROBLEM. THIS MENTALITY MUST BE CHANGED. THUS, THE FOCAL POINT OF OUR MISSION IS TO ASSIST OUR YOUTH IN PROMOTING THEIR MENTAL AND PHYSICAL WELLNESS, WHILE INSTILLING IN THEM A PROFOUND APPRECIATION FOR THE VALUE OF A HUMAN LIFE. AT THE TIME OF HIS DEATH, JIMMY WAS A JUNIOR AND STAR ATHLETE AT FAIRFIELD PREP. BUT HE WAS SO MUCH MORE. JIMMY WAS COLOR-BLIND AND WAS INCLUSIVE IN ALL WAYS. YOU DIDN'T HAVE TO BE AN ALL-STAR ATHLETE TO HAVE HIS FRIENDSHIP AND SUPPORT. HE WAS THE ANTI-BULLY. HE WENT OUT OF HIS WAY TO HELP OTHER YOUNG PEOPLE FEEL BETTER ABOUT THEMSELVES AND INSPIRED MANY TO IMPROVE THEIR LIVES. OUR FOUNDATION WILL SUPPORT THOSE CHARITIES, GROUPS, AND INDIVIDUALS WHO PERSONIFY JIMMY, HIS QUALITIES, HIS IDEALS, AND HIS LIFE WITH AN EMPHASIS ON PROMOTING YOUTH WELLNESS AND VIOLENCE PREVENTION. IN SUM, IN HIS HONOR AND MEMORY, WE WILL HELP THOSE WE FEEL JIMMY WOULD HAVE HELPED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KEVIN MCGRATH MARGARET MCGRATH TRUSTEE TRUSTEE MARRIED ROSE MCGRATH KEVIN MCGRATH TRUSTEE TRUSTEE PARENT-DAUGHTER ROSE MCGRATH MARGARET MCGRATH TRUSTEE TRUSTEE PARENT- DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATIONS 990 IS REVIEWED AND APPROVED BY THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUIEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0129893
IRS990/TotalProgramServiceExpensesAmt044435
IRS990/TotalRevenueGrp/ExclusionAmt06
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0168196
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015945
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0129893
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt026 CAPTAINS WATCH
IRS990/USAddress/CityNm0SHELTON
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006484
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0HTTPS://JIMMYMCGRATHFOUNDATION.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN MCGRATH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02032468365
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JIMMY MCGRATH FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0JIMM
ReturnHeader/Filer/EIN0920737271
ReturnHeader/Filer/PhoneNum02032468365
ReturnHeader/Filer/USAddress/AddressLine1Txt026 CAPTAINS WATCH
ReturnHeader/Filer/USAddress/CityNm0SHELTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006484
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223299874
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BKC CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt039 STATE ROUTE 12 STE 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLEMINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008822
ReturnHeader/PreparerPersonGrp/PhoneNum09087827900
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DIANE TESTA CPA
ReturnHeader/ReturnTs02024-11-11T10:55:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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