George C Marshall Research Foundation
- Assets
- $9.9m
- Revenue
- $1.8m
- Investments
- $8.0m
- Employees
- 9
- Location
- Lexington, VA
- Founding
- 03/1958
- Data as of
- 12/2021
- EIN
- 54-6052427
Organization Overview
George C Marshall Research Foundation is located in Lexington, VA. The organization was established in 1958. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, George C Marshall Research Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George C Marshall Research 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, George C Marshall Research Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SELFLESS SERVICE OF GEORGE C. MARSHALL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATIONAL PROGRAMS SUCH AS THE MARSHALL LEGACY SERIES THROUGH A SERIES OF EVENTS, PROGRAMS AND INFORMATION CENTERED ON KEY THEMES, EVENTS OR EPISODES IN GENERAL MARSHALL'S CAREER.
OPERATION OF A MUSEUM DEDICATED TO GEORGE C. MARSHALL THAT HOUSES MANY HISTORIC ARTIFACTS RELATED TO GENERAL MARSHALL'S CAREER.
COLLECTING, PRESERVING, AND MAKING AVAILABLE TO SCHOLARS A DOUMENTED RECORD OF THE LIFE AND PUBLIC SERVICE CAREER OF GEORGE C. MARSHALL.
PUBLISHING OF A SEMI-ANNUAL NEWSLETTER AND A SEMI-ANNUAL MAGAZINE EACH WITH ARTICLES ABOUT MARSHALL, BOOK REVIEWS, AND FOUNDATION NEWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul A Levengood President | Officer | 40 | $171,971 |
Matthew M Waldron Treasurer/chief Financial | Officer | 40 | $118,327 |
C Russell Fletcher III Chairman | OfficerTrustee | 8 | $0 |
Madison F Cole Jr Vice-Chairman | OfficerTrustee | 1 | $0 |
Bennett L Ross Vice-Chairman | OfficerTrustee | 1 | $0 |
George W Foresman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $156,975 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $213,225 |
| All other contributions, gifts, grants, and similar amounts not included above | $744,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,115,118 |
| Total Program Service Revenue | $12,046 |
| Investment income | $56,949 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $559,412 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,128 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,800,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $290,298 |
| Compensation of current officers, directors, key employees. | $146,363 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $300,375 |
| Pension plan accruals and contributions | $10,118 |
| Other employee benefits | $47,804 |
| Payroll taxes | $42,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,216 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,043 |
| Fees for services: Other | $31,364 |
| Advertising and promotion | $5,048 |
| Office expenses | $20,695 |
| Information technology | $14,395 |
| Royalties | $0 |
| Occupancy | $52,484 |
| Travel | $23,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,984 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,673 |
| Insurance | $17,221 |
| All other expenses | $0 |
| Total functional expenses | $1,088,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,373 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $705,677 |
| Accounts receivable, net | $3,400 |
| 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 | $26,623 |
| Net Land, buildings, and equipment | $760,255 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,974,037 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,916,365 |
| Accounts payable and accrued expenses | $72,354 |
| Grants payable | $0 |
| 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 | $0 |
| Other liabilities | $642 |
| Total liabilities | $72,996 |
| Net assets without donor restrictions | $6,138,529 |
| Net assets with donor restrictions | $3,704,840 |
| 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 | $9,916,365 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that George C Marshall Research Foundation has recieved totaling $222,138.
| Awarding Organization | Amount |
|---|---|
Mary Morton Parsons Foundation Richmond, VA PURPOSE: ROOF REPLACEMENT PROJECT | $50,000 |
Cole Charitable Tr Ua 102699 Chicago, IL PURPOSE: GENERAL | $40,000 |
Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $37,253 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: THE MARSHALL LEGACY SERIES | $25,000 |
Peachtree House Foundation Richmond, VA PURPOSE: REPLACEMENT OF THE LIBRARY ROOF | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $14,250 |
Endowment Analysis
| Beg. Balance | $6,657,513 |
| Earnings | $1,419,105 |
| Admin Expense | $97,043 |
| Net Contributions | $56,661 |
| Other Expense | $320,586 |
| Ending Balance | $7,715,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington County Free Library Hagerstown, MD | $16,301,833 | $8,756,633 |
Washington Research Library Consortium Upper Marlboro, MD | $19,082,145 | $5,815,985 |
Loyola-Notre Dame Library Inc Baltimore, MD | $17,276,844 | $4,820,071 |
Cabell County Public Library Huntington, WV | $12,674,770 | $6,152,653 |
Wicomico County Free Library Inc Salisbury, MD | $3,745,578 | $3,405,166 |
Friends Committee On National Legislation Washington, DC | $7,160,459 | $3,361,145 |
Southern Maryland Regional Library Association Inc Charlotte Hall, MD | $4,649,230 | $3,547,495 |
Fontana Regional Library Bryson City, NC | $3,949,070 | $3,576,120 |
Blackwater Regional Library Courtland, VA | $2,907,987 | $2,595,036 |
Cli Prison Alliance Inc Raleigh, NC | $1,246,885 | $2,394,225 |
National Sporting Library Incorporated Middleburg, VA | $24,531,630 | $3,372,979 |
Tenn-Share Alcoa, TN | $1,129,556 | $1,846,388 |