George C Marshall Research Foundation
- Assets
- $10.4m
- Revenue
- $1.5m
- Investments
- $9.0m
- Employees
- 7
- Location
- Lexington, VA
- Founding
- 03/1958
- Data as of
- 12/2023
- 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 12/2023, George C Marshall Research Foundation employed 7 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 12/2023, George C Marshall Research Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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.
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 |
|---|---|---|---|
Bennett L Ross Chairman | OfficerTrustee | 8 | $0 |
Hunter A Applewhite Trustee | Trustee | 1 | $0 |
James M Schmuck Trustee | Trustee | 1 | $0 |
C Russell Fletcher III Trustee | Trustee | 1 | $0 |
David Hein Trustee | Trustee | 1 | $0 |
Walton M Jeffress Jr Trustee | Trustee | 1 | $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 | $1,049,258 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,049,258 |
| Total Program Service Revenue | $5,789 |
| Investment income | $181,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $151,476 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$417 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,451,145 |
| 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. | $325,081 |
| Compensation of current officers, directors, key employees. | $132,823 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $297,178 |
| Pension plan accruals and contributions | $21,484 |
| Other employee benefits | $56,424 |
| Payroll taxes | $45,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,458 |
| Fees for services: Other | $72,910 |
| Advertising and promotion | $3,089 |
| Office expenses | $26,620 |
| Information technology | $67,785 |
| Royalties | $0 |
| Occupancy | $76,207 |
| Travel | $41,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,643 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,935 |
| Insurance | $23,495 |
| All other expenses | $0 |
| Total functional expenses | $1,289,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,485 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $297,191 |
| Accounts receivable, net | $0 |
| 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 | $61,329 |
| Net Land, buildings, and equipment | $748,885 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,037,642 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,443,532 |
| Accounts payable and accrued expenses | $47,355 |
| 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 | $0 |
| Total liabilities | $47,355 |
| Net assets without donor restrictions | $6,396,869 |
| Net assets with donor restrictions | $3,999,308 |
| 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 | $10,443,532 |