Marine Gift Shop
- Assets
- $247.8k
- Revenue
- $113.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Fpo, AP
- Founding
- Data as of
- 06/2024
- EIN
- 98-0016061
Organization Overview
Marine Gift Shop is located in Fpo, AP. As of 06/2024, Marine Gift Shop employed 9 individuals. Marine Gift Shop is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2024, Marine Gift Shop generated $113.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $114.2k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 5 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MARINE GIFT SHOP (MGS) EXISTS TO CONTRIBUTE ITS PROFITS TO OKINAWA AND AMERICAN CHARITABLE ORGANIZATIONS AND MILITARY DEPENDENT SCHOLARSHIPS BY SELLING VARIOUS PRODUCTS FROM LOCAL AND OVERSEAS BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS FUNDED THROUGH THE SALE OF HOME GOODS AND GIFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Butler President | Officer | 25 | $0 |
Katie Feuquay Vice President/volunteer Coordinator | Officer | 5 | $0 |
Alicia Bowman Human Resources Coordinator | Officer | 5 | $0 |
Jessica Sanchez Marketing Coordinator | Officer | 5 | $0 |
Maria Russell Community Coordinator | Officer | 5 | $0 |
Sherri Woodby At-Large Member | Officer | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $112,837 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,605 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,686 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,070 |
| Office expenses | $1,729 |
| Information technology | $4,754 |
| Royalties | $0 |
| Occupancy | $7,952 |
| Travel | $8,181 |
| 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 | $1,027 |
| Insurance | $111 |
| All other expenses | $0 |
| Total functional expenses | $114,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,146 |
| Savings and temporary cash investments | $67,882 |
| 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 | $99,784 |
| Prepaid expenses and deferred charges | $33,036 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $247,848 |
| Accounts payable and accrued expenses | $4,958 |
| Grants payable | $0 |
| Deferred revenue | $185 |
| 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 | $5,143 |
| Net assets without donor restrictions | $242,705 |
| Net assets with donor restrictions | $0 |
| 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 | $247,848 |
Grants Awarded
Over the last fiscal year, Marine Gift Shop has awarded $42,336 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN WELFARE AND WORKS ASSOCIATION (AWWA) PURPOSE: AWWA SUPPORTS THE LOCAL COMMUNITY BY DISTRIBUTING GRANTS. | $27,336 |
MARINE OFFICERS SPOUSES CLUB OKINAWA PURPOSE: MOSCO PROVIDES SCHOLARSHIPS FOR HIGHER EDUCATION TO MILITARY FAMILY MEMBERS. | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|