Overview
What is Marine Toys For Tots Foundation?
The Marine Toys for Tots Foundation is a charitable organization that spearheads the collection and distribution of new, unwrapped toys during Christmas time to underprivileged children in communities across the United States. With support from the U.S. Marine Corps, they aim to provide hope and motivation to economically disadvantaged children, offering them opportunities to grow into responsible, productive, and patriotic citizens. The foundation raises funds and manages donations to supplement local toy collections, covers campaign costs, and offers logistical and promotional support to local coordinators. Additionally, they provide administrative and advisory assistance to the Marine Corps and conduct public education campaigns to encourage community involvement. The foundation, with 26 employees, has distributed over 24 million toys to 9.9 million less fortunate children annually in all 50 states, District of Columbia, Puerto Rico, and the Virgin Islands.
Official website here: www.toysfortots.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% - Four-Star out of Four Star rating
Marine Toys for Tots Foundation has achieved an impressive 99% score, signifying a high level of accountability and financial management. This strong rating is derived entirely from their Accountability & Finance score, which highlights their commitment to transparency and effective use of resources. The foundation has a fully independent board and high marks for its financial oversight practices.
The organization excels in maintaining a low liabilities-to-assets ratio and an exceptional program expense ratio, indicating that a significant majority of their funding is directed toward program services rather than administrative costs. Their fundraising efficiency is also noteworthy, reflecting responsible financial practices that maximize donor contributions for impactful initiatives.
However, while the foundation scores well in most areas, there is a minor limitation regarding their donor privacy policy, which is noted as an opt-out option. Despite this, overall, Marine Toys for Tots Foundation demonstrates strong governance and fiscal responsibility, making it a trustworthy choice for potential donors looking to support children's charitable initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Marine Toys For Tots Foundation legitimate?
Marine Toys For Tots Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marine Toys For Tots Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $811,234
Professional Fundraising Fees: $2,256,785
Other Salaries and Wages: $1,464,881
For more financial information, click here
Official website here: www.toysfortots.org
What is the mission statement of Marine Toys For Tots Foundation?
The Marine Toys for Tots Foundation works to collect new, unwrapped toys during Christmas time each year and distributes them as gifts to less fortunate children in the community. Its mission extends beyond the holiday season, providing books, toys, and games to economically disadvantaged children to instill hope and motivation. The foundation supports the U.S. Marine Corps Reserve Toys for Tots program by raising funds and managing donations, offering administrative, advisory, financial, logistical, and promotional support to local coordinators, and conducting public education programs encouraging the general public to participate in this charitable initiative.
Official website here: www.toysfortots.org
Who is the CEO of Marine Toys For Tots Foundation?
James B Laster is the President & Ceo of Marine Toys For Tots Foundation. The CEO's salary of Marine Toys For Tots Foundation is $375,159 and their total compensation is $416,030.
Official website here: www.toysfortots.org
What is the revenue of Marine Toys For Tots Foundation?
Marine Toys For Tots Foundation's revenue in 2022 was $379,587,582.
Official website here: www.toysfortots.org
Who are the executives of Marine Toys For Tots Foundation and what are their salaries?
The average compensation at Marine Toys For Tots Foundation during 2022 was $87,543. There are 26 employees and 41000 volunteers at Marine Toys For Tots Foundation.
Here are 18 key members and their salaries (Marine Toys For Tots Foundation's CEO's salary is $375,159 and their total compensation is $416,030):
- Compensation: $375,159
- Related: $0
- Other: $40,871
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $177,360
- Related: $0
- Other: $19,467
- Compensation: $177,360
- Related: $0
- Other: $19,467
- Compensation: $180,792
- Related: $0
- Other: $20,005
- Compensation: $124,250
- Related: $0
- Other: $28,307
- Compensation: $117,720
- Related: $0
- Other: $11,772
- Compensation: $107,120
- Related: $0
- Other: $10,712
Official website here: www.toysfortots.org
Where can I find the form 990 for Marine Toys For Tots Foundation?
Marine Toys For Tots Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.toysfortots.org
Learn more at the official website: www.toysfortots.org
Mission Statement of Marine Toys For Tots Foundation
Marine Toys for Tots Foundation is a charitable organization dedicated to collecting and distributing new, unwrapped toys as Christmas gifts to less fortunate children in the community. Their mission is to bring joy and hope to economically disadvantaged children during the holiday season and throughout the year. The foundation supports the US Marine Corps Reserve Toys for Tots program by raising funds to supplement local toy collections and cover campaign costs. They manage funds raised under the Toys for Tots name and provide administrative, advisory, financial, logistical, and promotional support to local coordinators. Marine Toys for Tots Foundation also provides additional assistance the Marine Corps cannot offer and conducts public education campaigns to encourage community involvement in this patriotic initiative. The goal is to ensure that every child receives a gift to look forward to, inspiring them to grow into responsible, productive, and community-minded individuals.
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Impact
October, 2024
Marine Toys For Tots Foundation significantly impacts communities by collecting and distributing new, unwrapped toys during the Christmas season, ensuring that less fortunate children receive meaningful gifts that bring joy and hope. In one remarkable year alone, the foundation helped provide over 24.4 million toys to more than 9.9 million children across 833 communities, reaching all 50 states as well as territories like Puerto Rico and the Virgin Islands.
By not only focusing on toys but also supporting access to books and games, the foundation promotes educational opportunities and motivation among economically disadvantaged children. This initiative aims to instill hope and foster the development of responsible, productive, and patriotic citizens. The foundation works in tandem with the U.S. Marine Corps, offering the logistical and financial support necessary to run local campaigns effectively, making a tangible difference in the lives of countless families during the holiday season and beyond.
This information is meant to be a general summary of Marine Toys For Tots Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,246,584
- Gross Receipts: $480,192,095
Assets and Liabilities:
- Total Assets: $224,233,558
- Total Liabilities: $6,280,169
- Net Assets: $217,953,389
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Organization Details
Founding Year
2005
Phone
(703) 640-9433Principal Officer
James B Laster
Main Address
18251 QUANTICO GATEWAY DRIVE, TRIANGLE, VA, 22172
Website
www.toysfortots.orgNTEE Category
Code: T20 - Philanthropy
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