Marine Corps Association Foundation is located in Quantico, VA. The organization was established in 2009. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Corps Association 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 Association Foundation generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.7m 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
PROVIDE RESOURCES & SUPPORT TO SUSTAIN AND EXPAND PROGRAMS & ACTIVITIES ESSENTIAL TO MCA'S MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARINE EXCELLENCE AWARDS PROGRAM WAS ESTABLISHED TO RECOGNIZE THE PROFESSIONAL ACHEIVEMENTS OF MARINES AND SAILORS (SERVING IN MARINE CORPS UNITS) AND TO RECOGNIZE THE HONOR GRADUATES THROUGHOUT THE MARINE CORPS OFFICER AND ENLISTED FORMAL SCHOOLS. AWARDS ARE A VALUABLE INCENTIVE AND AN APPROPRIATE MEANS OF RECOGNIZING MARINES AND SAILORS WHO EXCEL IN THEIR COMMANDS AND FORMAL SCHOOLS AND LEADERSHIP COURSES. THE MCAF IS THE LARGEST CONTRIBUTOR OF AWARDS GIVEN TO THE U.S. MARINE CORPS. EACH YEAR MCAF GIVES AWARDS TO MORE THAN 5,200 DESERVING MARINES AND SAILORS. ABOUT 90 PERCENT OF THE AWARDS GO TO ENLISTED MEN AND WOMEN. THESE ARE JUST A FEW OF THE AWARDS GIVEN TO OUTSTANDING MARINES AND SAILORS: RECRUITER OF THE YEAR, DRILL INSTRUCTOR OF THE YEAR, RECRUIT TRAINING (HONOR RECRUIT, HIGH SHOOTER AND HIGH PHYSICAL FITNESS TEST), THE BASIC SCHOOL HONOR GRAD, OFFICER CANDIDATES SCHOOL HONOR GRAD, EXPEDITIONARY WARFARE SCHOOL HONOR GRAD, STAFF NONCOMMISSIONED OFFICER ACADEMY HONOR GRAD. IN TOTAL IN 2021, THE MARINE CORPS ASSOCIATION FOUNDATION SPENT OVER $950,000 IN SUPPORT OF APPROXIMATELY 55,000 MARINES. THAT SUPPORT INCLUDED OVER 4,500 AWARDS RECOGNIZING THE EXCELLENT ACHIEVEMENTS OF MARINES AND THEIR EFFECTIVE WRITTEN WORK.
COMMANDER'S FORUMS: THE FOUNDATION PROVIDES FUNDING TO ASSIST COMMANDERS IN DEVELOPING AND PROVIDING FORUM OPPORTUNITIES SPECIFICALLY TAILORED TO ENHANCE THEIR MARINES AND SAILORS' KNOWLEDGE OF THE OPERATIONAL MATTERS FROM A HISTORICAL, CULTURAL OR OPERATIONAL PERSPECTIVE. THE FORUMS CAN RANGE FROM PRESENTATIONS AND DISCUSSIONS WITH NOTED AUTHORS AND SCHOLARS TO A CLASSICAL BATTLE STUDY. PARTICIPATION IN THE BATTLE STUDIES WILL HELP PREPARE A UNIT FOR CURRENT OPERATIONS THROUGH THE STUDY OF MILITARY HISTORY. PARTICIPANTS IN BATTLE STUDIES MAY WALK THE GROUND WITH EXPERTS IN ORDER TO BETTER UNDERSTAND THE HISTORY AND LESSONS LEARNED FROM THESE FAMOUS BATTLES AND CAMPAIGNS. THE FUNDS PAY FOR SPEAKING FEES, HONORARIUMS, BATTLE GUIDE DIRECTORS AND OTHER COSTS THAT ARE NON-GOVERNMENTAL IN NATURE. IN ADDITION, THE MCAF ACTIVELY SEEKS TO PROVIDE RELEVANT, PROFESSIONAL MILITARY EDUCATION FOR ACTIVE-DUTY MARINES AND OPPORTUNITIES TO STAY ABREAST OF CURRENT ISSUES. THESE FORUMS FEATURE PROMINENT SPEAKERS, KEY DECISION MAKERS AND SUBJECT MATTER EXPERTS AND OFFER KEY INSIGHTS AND UNIQUE PERSPECTIVES ON CURRENT MILITARY TOPICS. EVENTS ARE HELD AT DIFFERENT LOCATIONS, ALLOWING ACTIVE-DUTY MARINES AND OUR MEMBERS NATIONWIDE THE OPPORTUNITY TO ENHANCE KNOWLEDGE OF MILITARY ART AND SCIENCE APPRECIATION OF CURRENT ISSUES. IN 2021, OVER 9,000 MARINE LEADERS (NONCOMMISSIONED OFFICERS, STAFF NONCOMMISSIONED OFFICERS, AND COMMISSIONED OFFICERS AT MULTIPLE GRADES) TOURED BATTLEFIELDS AND CONDUCTED STAFF RIDES TO LEARN THE VALUABLE LESSONS OF HISTORY THAT CAN BE APPLIED TO TODAY'S CHALLENGES.
THE COMMANDERS' UNIT LIBRARY PROGRAM PROVIDES COMMANDERS WITH FUNDS TO ESTABLISH AND SUSTAIN THEIR UNIT PROFESSIONAL LIBRARY WHEN THE UTILIZATION OF APPROPRIATED FUNDS IS NOT PRACTICABLE. LIBRARIES ARE THE BEDROCK OF OUR PROFESSIONAL DEVELOPMENT EFFORT. THE PROGRAM ALLOWS COMMANDERS TO SELECT BOOKS FROM THE MARINE CORPS ASSOCIATION'S EXTENSIVE BOOK LIST AND THE COMMANDANT'S READING LIST. THE MCA BOOK LIST CONTAINS TIMELESS MILITARY CLASSICS AS WELL AS RECENT BOOKS ON EMERGING AREAS OF INTEREST IN CURRENT MILITARY OPERATIONS AND CULTURAL UNDERSTANDING. MOST UNITS RECEIVE KINDLES AS PART OF THEIR LIBRARY, WITH EACH KINDLE LOADED WITH MORE THAN 330 TITLES. THIS PROGRAM IS ADMINISTERED BASED ON THE SIZE OF THE UNIT. CURRENT PRIORITY GENERALLY GOES TO DEPLOYING ORGANIZATIONS AND MARINE UNITS IN REMOTE LOCATIONS. IN 2021, 128 MARINE CORPS UNITS (BATTALIONS, SQUADRONS, REGIMENTS, GROUPS, ETC) RECEIVED BOOKS TO ENHANCE THEIR UNIT LIBRARIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Col Tim Mundy Usmc Ret Director Of Foundation Ope | 32 | $107,202 | |
Ltgen William Mark Faulkner Usmc President & CEO | OfficerTrustee | 8 | $35,004 |
Col Christopher Woodbridge Usmc Ret Publisher And Editor Of Th | 4 | $22,425 | |
Ltgen Charles Chiarotti Usmc Ret President & CEO | OfficerTrustee | 8 | $16,263 |
Johnna Ebel CFO | Officer | 4 | $14,371 |
Col Daniel P O'brien Usmc Ret COO | 4 | $12,557 |
Statement of Revenue | |
---|---|
Federated campaigns | $5,279 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $25,000 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,795,268 |
Noncash contributions included in lines 1a–1f | $96,700 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,825,547 |
Total Program Service Revenue | $26,788 |
Investment income | $26,094 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $8,189 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,886,618 |
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. | $64,601 |
Compensation of current officers, directors, key employees. | $2,218 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $390,323 |
Pension plan accruals and contributions | $14,217 |
Other employee benefits | $6,153 |
Payroll taxes | $30,240 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,112 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $78,000 |
Fees for services: Investment Management | $3,303 |
Fees for services: Other | $0 |
Advertising and promotion | $2,150 |
Office expenses | $45,850 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $917 |
Travel | $120 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,560 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,307 |
Insurance | $0 |
All other expenses | $89,809 |
Total functional expenses | $1,721,184 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $226,314 |
Savings and temporary cash investments | $133,184 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $46,981 |
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 | $61,132 |
Net Land, buildings, and equipment | $7,184 |
Investments—publicly traded securities | $611,457 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,086,252 |
Accounts payable and accrued expenses | $136,636 |
Grants payable | $0 |
Deferred revenue | $29,361 |
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 | $165,997 |
Net assets without donor restrictions | $592,233 |
Net assets with donor restrictions | $328,022 |
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 | $1,086,252 |
Over the last fiscal year, we have identified 1 grants that Marine Corps Association Foundation has recieved totaling $100,000.
Awarding Organization | Amount |
---|---|
Timothy T Day Foundation Inc Phoenix, AZ PURPOSE: SOCIAL SERVICES | $100,000 |
Organization Name | Assets | Revenue |
---|---|---|
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
Society Of The Cincinnati Washington, DC | $28,928,587 | $7,746,929 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
B & O Railroad Museum Baltimore, MD | $29,274,881 | $4,473,800 |
Soulsville Memphis, TN | $9,455,990 | $2,725,171 |