Marine Corps Aviation Association John Glenn Squadron Foundation Inc
- Assets
- $62.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Patuxent River, MD
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-5270428
Organization Overview
Marine Corps Aviation Association John Glenn Squadron Foundation Inc is located in Patuxent River, MD. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Corps Aviation Association John Glenn Squadron Foundation Inc 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 12/2023, Marine Corps Aviation Association John Glenn Squadron Foundation Inc generated $93.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $98.6k during the year ending 12/2023. While expenses have increased by 6.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROMOTE EXCELLENCE IN MARINE AVIATION AS WELL AS INTERACTION BETWEEN ACTIVE DUTY MARINE AND NAVY PERSONNEL, CORPORATE MEMBERS AND RETIRED PERSONNEL. ASSIST IN THE EDUCATION, BY THE WAY OF SCHOLARSHIPS TO STUDENTS PRIMARILY IN ENGINEERING AND HARD SCIENCES, WHO ARE LIKELY TO PURSUE CAREERS IN MARINE AVIATION. TWELVE SCHOLARSHIPS WERE AWARDED IN 2023. (3) FIRST PLACE CANDIDATES......5,000 (9) RUNNER UP CANDIDATES........4,000 ------- TOTAL SCHOLARSHIPS GIVEN.......51,000 =======
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Duke President | 0 | $0 | |
Steven Girard Vice-Preside | 0 | $0 | |
Tess Meizoso Secretary | 0 | $0 | |
Stephen Meizoso Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,464 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $15 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $93,479 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $47,580 |
| Total expenses | $98,580 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,286 |
| Other assets | $0 |
| Total assets | $62,286 |
| Total liabilities | $0 |
| Net assets or fund balances | $62,286 |