General Douglas Macarthur Foundation

Organization Overview

General Douglas Macarthur Foundation is located in Norfolk, VA. The organization was established in 1964. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, General Douglas Macarthur Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. General Douglas Macarthur 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 06/2023, General Douglas Macarthur Foundation generated $423.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $325.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE GENERAL DOUGLAS MACARTHUR FOUNDATION WAS ESTABLISHED TO COMMEMORATE THE LIFE AND ACHIEVEMENTS OF GENERAL DOUGLAS MACARTHUR, PARTICULARLY AS THEY RELATE TO HIS CREDO "DUTY, HONOR, COUNTRY AND ITS RELEVANCE TO FUTURE GENERATIONS OF AMERICANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT OF THE EDUCATIONAL PROGRAMS AND ACTIVITIES OF THE MACARTHUR MEMORIAL.


THE FOUNDATION SUPPORTS LEADERSHIP PROGRAMS FOR ACTIVE-DUTY MILITARY FORCES, RESERVES, NATIONAL GUARD, ROTC CADETS, AND STUDENTS THROUGHOUT THE COUNTRY.


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Board, Officers & Key Employees

Name (title)Compensation
Colonel William J Davis
Executive Director
$19,505
Patrick W Herman
General Counsel
$0
Henry U Harris III
Treasurer
$0
Roy B Martin III
Vice Chair
$0
Richard D Roberts
Director
$0
Robert E Garris
Chairman
$0

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$50,266
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$50,266
Total Program Service Revenue$5,649
Investment income $239,083
Tax Exempt Bond Proceeds $0
Royalties $86
Net Rental Income $0
Net Gain/Loss on Asset Sales $144,884
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$16,654
Miscellaneous Revenue$0
Total Revenue $423,314

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