Marine Corps Heritage Foundation
- Assets
- $123.2m
- Revenue
- $11.8m
- Investments
- $451.4k
- Employees
- 47
- Location
- Triangle, VA
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 26-0803466
Organization Overview
Marine Corps Heritage Foundation is located in Triangle, VA. The organization was established in 2008. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Marine Corps Heritage Foundation employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Corps Heritage Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Marine Corps Heritage Foundation generated $11.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $12.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Marine Corps Heritage Foundation has awarded 12 individual grants totaling $495,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE AND PROMULGATE THE HISTORY, TRADITIONS, AND CULTURE OF THE MARINE CORPS AND EDUCATE ALL AMERICANS IN ITS VIRTUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS FOR THE NATIONAL MUSEUM OF THE MARINE CORPS INCLUDE SUPPORT FOR MUSEUM COLLECTIONS/EXHIBITS, ARTWORK, EDUCATIONAL PROGRAMS, COMMUNITY OUTREACH EFFORTS, A VOLUNTEER DOCENT PROGRAM, PAYROLL SUPPORT FOR INTERNS AND SPECIAL ASSISTANTS, MARKETING, AND HERITAGE CENTER PROPERTY/GROUNDS MAINTENANCE. THE FOUNDATION CONDUCTS ALL RETAIL OPERATIONS WITHIN THE MUSEUM WHICH INCLUDE THE GIFT SHOP, TWO RESTAURANTS, SPECIAL EVENTS, A LASER RIFLE RANGE, AND A GIANT SCREEN MOVIE THEATER SHOWING THE FOUNDATION'S FEATURE FILM, "WE, THE MARINES". DURING 2021, THE MUSEUM HOSTED 23,000 VIRTUAL AND IN PERSON STUDENTS AND A TOTAL OF 179,335 VISITORS, THE INTERN/SPECIAL ASSISTANT PROGRAMS HAD 17 STAFF MEMBERS PAID A TOTAL OF $223,400, AND MAINTENANCE SUPPORT TOTALED $72,066. TOTAL EXPENSES INCLUDE $5.3M NON-CASH DEPRECIATION COSTS ON THE MUSEUM AND HERITAGE CENTER.
HISTORICAL PROGRAMS INCLUDE SUPPORT FOR THE MARINE CORPS UNIVERSITY HISTORY DIVISION'S INTERNS, RESEARCH GRANTS AND FELLOWSHIPS, AND ACADEMIC DEGREE SCHOLARSHIPS. DURING 2021, 2 EDUCATIONAL GRANTS WERE AWARDED TOTALING $100,139; AND 1 HISTORICAL RESEARCH GRANT WAS AWARDED FOR $43,333. IN ADDITION, THE USMC HISTORY DIVISION INTERN / SPECIAL ASSISTANT PROGRAM HAD 6 STAFF MEMBERS PAID A TOTAL OF $81,167.
OTHER FOUNDATION PROGRAMS INCLUDE SUPPORT FOR ANNUAL NATIONAL HISTORY DAY (NHD) COMPETITIONS, GRANTS FOR USMC HISTORICAL PROJECTS; USMC BAND ANNUAL CONCERTO COMPETITIONS AND SPECIAL ASSISTANT PAYROLL; EVENTS HONORING SIGNIFICANT DATES IN USMC HISTORY, AND AN ANNUAL AWARDS PROGRAM RECOGNIZING EXEMPLARY WORK THAT FURTHERS THE UNDERSTANDING OF MARINE CORPS HISTORY AND TRADITIONS. GRANTS IN SUPPORT OF NHD TOTALED $3,500. THE AWARDS AND CONCERTO COMPETITIONS WERE CANCELLED DUE TO COVID. USMC BAND SUPPORT INCLUDED $23,054 SPECIAL ASSISTANT PAYROLL COSTS. SPECIAL PROJECT GRANTS TOTALING $45,000 WERE ISSUED TO 2 RECIPIENTS; AND 2 GRANTS TOTALING $85,000 WERE AWARDED TO THE USMC HISTORICAL COMPANY AND UNIVERSITY OF SC EDUCATIONAL FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Majgen James W Lukeman President & CEO | Officer | 40 | $228,264 |
Jennifer Vanderveld COO | Officer | 40 | $186,272 |
Paul D Kalsbeek Acting Chairman | OfficerTrustee | 1 | $0 |
Richard P Moxley Secretary | OfficerTrustee | 1 | $0 |
Richard Hartnack Treasurer | OfficerTrustee | 1 | $0 |
David Armstrong Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Direct Mail Solutions Fundraising | 12/30/21 | $647,306 |
Lautman Maska Neill & Company Fundraising | 12/30/21 | $470,049 |
Jacobs Facilities Inc Construction | 12/30/21 | $538,216 |
Direct Mail Processors Inc Fundraising | 12/30/21 | $225,135 |
Patton Kiehl Fundraising | 12/30/21 | $442,768 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,959,277 |
| Noncash contributions included in lines 1a–1f | $351,918 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,959,277 |
| Total Program Service Revenue | $421,425 |
| Investment income | $439,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,621 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,186 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,840,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,000 |
| Grants and other assistance to domestic individuals. | $191,973 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $450,101 |
| Compensation of current officers, directors, key employees. | $102,184 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,273,388 |
| Pension plan accruals and contributions | $68,967 |
| Other employee benefits | $80,634 |
| Payroll taxes | $99,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,447 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $473,337 |
| Fees for services: Investment Management | $89,673 |
| Fees for services: Other | $535,514 |
| Advertising and promotion | $226,199 |
| Office expenses | $213,087 |
| Information technology | $133,697 |
| Royalties | $0 |
| Occupancy | $295,082 |
| Travel | $4,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,548 |
| Interest | $87,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,498,802 |
| Insurance | $97,013 |
| All other expenses | $2,663 |
| Total functional expenses | $12,319,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,356,161 |
| Savings and temporary cash investments | $8,727,011 |
| Pledges and grants receivable | $5,201,338 |
| Accounts receivable, net | $170,446 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $192,377 |
| Net Land, buildings, and equipment | $68,618,065 |
| Investments—publicly traded securities | $15,984,442 |
| Investments—other securities | $451,392 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,498,791 |
| Total assets | $123,200,023 |
| Accounts payable and accrued expenses | $310,578 |
| Grants payable | $45,985 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,861,809 |
| Other liabilities | $596,430 |
| Total liabilities | $2,814,802 |
| Net assets without donor restrictions | $118,398,023 |
| Net assets with donor restrictions | $1,987,198 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $123,200,023 |
Grants Awarded
Over the last fiscal year, Marine Corps Heritage Foundation has awarded $85,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Columbia, SC PURPOSE: PROGRAM SUPPORT | $50,000 |
Frederick, MD PURPOSE: PROGRAM SUPPORT | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Marine Corps Heritage Foundation has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Shaara Foundation Inc Gettysburg, PA PURPOSE: CONTRIBUTION | $1,000 |
Jerry And Polly Lee Family Foundation Trust Pascagoula, MS PURPOSE: DONATION | $500 |
Endowment Analysis
| Beg. Balance | $1,077,073 |
| Earnings | $36,167 |
| Other Expense | $112,823 |
| Ending Balance | $1,000,417 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |
City First Enterprises Inc Washington, DC | $50,642,589 | $41,161,285 |
United Planning Organization Washington, DC | $21,957,692 | $39,543,643 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Jewish Social Service Agency Rockville, MD | $78,004,250 | $40,027,018 |
American Action Network Inc Washington, DC | $3,726,560 | $29,638,224 |
Blue Grass Community Action Partnership Inc Frankfort, KY | $7,918,674 | $28,900,392 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Medsource Community Services Inc Hagerstown, MD | $13,934,817 | $31,083,317 |
St Vincent De Paul Of Baltimore Inc Baltimore, MD | $26,858,790 | $28,662,725 |
Inter-Faith Food Shuttle Raleigh, NC | $8,299,507 | $23,329,525 |
Total Action Against Poverty In Roanoke Valley Roanoke, VA | $8,696,425 | $23,450,227 |