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 12/2023, Marine Corps Association Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 2.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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
COMMANDERS' 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 MILITARY HISTORICAL AND OPERATIONAL LESSONS AND HOW THOSE CAN BE APPLIED TO CURRENT CHALLENGES. 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. IN ADDITION, 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 THEIR KNOWLEDGE OF MILITARY ART AND SCIENCE, AND GAIN AN APPRECIATION OF CURRENT ISSUES. IN 2023, NEARLY 6,500 MARINE LEADERS (NONCOMMISSIONED OFFICERS, STAFF NONCOMMISSIONED OFFICERS, AND COMMISSIONED OFFICERS AT MULTIPLE GRADES) PARTICIPATED IN THESE COMMANDERS' FORUMS EVENTS. THE FUNDS PAY FOR SPEAKING FEES, HONORARIUMS, BATTLEFIELD TOUR GUIDES AND OTHER COSTS THAT MARINE UNITS CAN TYPICALLY PAY FOR FROM THEIR OPERATIONS AND MAINTENANCE FUNDING.
THE MARINE EXCELLENCE AWARDS PROGRAM WAS ESTABLISHED TO RECOGNIZE THE PROFESSIONAL ACHIEVEMENTS OF MARINES AND SAILORS (SERVING IN MARINE CORPS UNITS) AND TO RECOGNIZE SUPERIOR PERFORMANCE IN MARINE CORPS OFFICER AND ENLISTED FORMAL SCHOOLS. THESE AWARDS ARE ALSO GIVEN FOR EXCEPTIONAL WRITTEN WORK. AWARDS ARE A VALUABLE INCENTIVE AND AN APPROPRIATE MEANS OF RECOGNIZING MARINES AND SAILORS WHO EXCEL IN THEIR COMMANDS, FORMAL SCHOOLS, AND LEADERSHIP COURSES. MCAF IS THE LARGEST CONTRIBUTOR OF AWARDS GIVEN TO THE U.S. MARINE CORPS. EACH YEAR MCAF GIVES AWARDS TO APPROXIMATELY 4,200 DESERVING MARINES AND SAILORS, 94 PERCENT OF WHICH GO TO ENLISTED MEN AND WOMEN. THESE ARE JUST A FEW OF THE AWARDS GIVEN TO OUTSTANDING MARINES: THE HONOR GRADUATE FROM DRILL INSTRUCTOR SCHOOL, RECRUIT TRAINING AWARDS (HONOR GRADUATE RECRUIT, HIGH SHOOTER AND HIGH PHYSICAL FITNESS TEST), THE BASIC OFFICER TRAINING COURSE HONOR GRADUATE, OFFICER CANDIDATES SCHOOL HONOR GRADUATE, AND STAFF NONCOMMISSIONED OFFICER ACADEMY HONOR GRADUATE). IN 2023, OVER 4,200 MARINES RECEIVED AWARDS RECOGNIZING THEIR EXCELLENT PERFORMANCE AND THEIR CREATIVE AND PERSUASIVE WRITTEN WORK.
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. THE PROGRAM ALLOWS COMMANDERS TO SELECT BOOKS FROM THE MARINE CORPS COMMANDANT'S PROFESSIONAL READING LIST, WHICH ALL MARINES ARE REQUIRED TO READ DURING THEIR SERVICE IN THE CORPS. THE BOOK LIST CONTAINS TIMELESS MILITARY CLASSICS AS WELL AS RECENT BOOKS ON EMERGING AREAS OF INTEREST IN CURRENT MILITARY OPERATIONS AND CULTURAL UNDERSTANDING. SOME UNITS WITH UNIQUE AND EMERGING CAPABILITIES (E.G. UNMANNED VEHICLES/DRONES, CYBERSPACE OPERATIONS) CAN RECEIVE BOOKS SPECIFIC TO THEIR MISSION. IN 2023, 84 MARINE CORPS UNITS (BATTALIONS, SQUADRONS, REGIMENTS, GROUPS, ETC) RECEIVED BOOKS TO ENHANCE THEIR UNIT LIBRARIES, MAKING PROFESSIONAL READING AVAILABLE TO OVER 34,000 MARINES. IN TOTAL IN 2023, THE MARINE CORPS ASSOCIATION FOUNDATION SPENT OVER $1,300,000 IN SUPPORT OF APPROXIMATELY 47,000 MARINES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ltgen John Toolan Usmc Ret Chair Of The Board | OfficerTrustee | 2 | $0 |
Jay Holmes Vice Chair Of The Board | OfficerTrustee | 2 | $0 |
Bryan Wood General Counsel | OfficerTrustee | 2 | $0 |
Ltcol Chris Davis Usmc Ret Board Member | Trustee | 2 | $0 |
Mr William Timothy Eichorn Board Member | Trustee | 2 | $0 |
Col Bob Love Usmcrret Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $943 |
Membership dues | $0 |
Fundraising events | $54,380 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,305,302 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,360,625 |
Total Program Service Revenue | $17,142 |
Investment income | $26,284 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $3,551 |
Net Income from Fundraising Events | -$26,256 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,381,346 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
Grants and other assistance to domestic individuals. | $906,401 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $37,500 |
Compensation of current officers, directors, key employees. | $1,250 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $333,353 |
Pension plan accruals and contributions | $12,138 |
Other employee benefits | -$5,050 |
Payroll taxes | $24,951 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $11,369 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $85,800 |
Fees for services: Investment Management | $2,837 |
Fees for services: Other | $5,200 |
Advertising and promotion | $2,574 |
Office expenses | $79,697 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,573 |
Travel | $14,276 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,993 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $2,227,339 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $413,190 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
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 | $53,266 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $613,418 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,079,874 |
Accounts payable and accrued expenses | $87,858 |
Grants payable | $0 |
Deferred revenue | $20,863 |
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 | $108,721 |
Net assets without donor restrictions | $663,126 |
Net assets with donor restrictions | $308,027 |
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 | $1,079,874 |