The Michael T Mccormick Jr Memorial is a private foundation focused on Education, based in WEST ORANGE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $777 in total assets. In 2024, it awarded 2 grants totaling $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$777
-90.3% YoY
Annual Giving
$5K
-13.7% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$2K
-13.7% YoY
Under IRS private-foundation payout rules, The Michael T Mccormick Jr Memorial reported a distributable amount of $16 for 2024 — the minimum it must pay out in qualifying distributions.
About The Michael T Mccormick Jr Memorial
Based on IRS filings
The Michael T Mccormick Jr Memorial is a private foundation focused on Education, based in WEST ORANGE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $777 in total assets. In 2024, it awarded 2 grants totaling $5K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $777 | $8,001 | $14,768 |
| Revenue | $5 | $505 | $7 |
| Expenses | $7,229 | $7,272 | $2,211 |
| Qualifying Distributions | $7,196 | $7,239 | $2,178 |
| Net Investment Income | — | — | — |
| Distributable Amount | $16 | $594 | $781 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Seton Hall Prep ($4,000), Various Organiztionsindividuals ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| SETON HALL PREP WEST ORANGE, NJ | SCHOLARSHIPS/CHARITABLE DONATIONS/ GENERALPURPOSE OF THE CHARITY | $4,000 |
| VARIOUS ORGANIZTIONSINDIVIDUALS WEST ORANGE, NJ | DONATIONS | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KAREN KODMAN MCCORMICK | PRESIDENT | — | — |
| MICHAEL T MCCORMICK SR | VICE PRESIDENT | — | — |
| BRIAN MCCORMICK | TRUSTEE | — | — |
| KATHLEEN MACKENZIE | TRUSTEE | — | — |
| THOMAS CALLAHAN | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Michael T Mccormick Jr Memorial?
The Michael T Mccormick Jr Memorial is a private foundation focused on Education, based in WEST ORANGE, NJ. It holds $777 in total assets as of 2024.
How large is The Michael T Mccormick Jr Memorial?
As of 2024, The Michael T Mccormick Jr Memorial holds $777 in total assets with $5 in annual revenue. It awarded 2 grants totaling $5K in 2024.
Where does The Michael T Mccormick Jr Memorial operate?
The Michael T Mccormick Jr Memorial has awarded grants in New Jersey, New York.
What size grants does The Michael T Mccormick Jr Memorial award?
In 2024, The Michael T Mccormick Jr Memorial awarded 2 grants totaling $5K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Michael T Mccormick Jr Memorial required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Michael T Mccormick Jr Memorial reported a distributable amount of $16 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Michael T Mccormick Jr Memorial's EIN?
The Michael T Mccormick Jr Memorial's EIN (Employer Identification Number) is 27-1173025. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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