Overview
What is Marine Corps Scholarship Foundation Inc?
The Marine Corps Scholarship Foundation Inc, a nonprofit organization located in Alexandria, Virginia, has a rich history dating back to 1962. Their mission is to provide scholarships to children of Marines, Navy Corpsmen, Navy chaplains, and religious program specialists, enabling them to attend post-high school, undergraduate, and career technical education programs. With over 50,000 scholarships valued at $185 million awarded to date, the foundation is the oldest and largest need-based scholarship provider for military children in the US. In the 2022-2023 academic year, they granted $10 million to 2,611 students, demonstrating a remarkable investment in their education. These recipients boast a graduation rate of 91%, significantly higher than the national average, and half of them report having little to no debt upon graduation.
Official website here: www.mcsf.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
The Marine Corps Scholarship Foundation (MCSF) has achieved a high level of credibility with a 97% rating, reflecting its strong accountability and financial management. With a remarkable record of over 55,000 scholarships awarded, valued at more than $185 million, the organization demonstrates a solid commitment to supporting the educational aspirations of children from Marine families. The scores in Impact & Measurement and Leadership & Adaptability are particularly impressive, indicating effective program implementation and strong governance.
User feedback highlights the organization’s dedication and impact on recipients. Many reviews emphasize the emotional and financial support provided to families, along with praise for the staff's commitment to their mission. Recipients express gratitude for the scholarships, which have significantly helped them pursue higher education and achieve their dreams. The MCSF is portrayed as a vital resource for those who have served in the military and their dependents.
However, some reviews raise concerns about administrative and fundraising expenses, which are reportedly higher than recommended standards. While the overall sentiment towards MCSF is overwhelmingly positive, addressing these financial concerns may enhance the foundation's reputation and further bolster donor confidence.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Marine Corps Scholarship Foundation Inc?
94% of 98 reviewers on Facebook recommend the Marine Corps Scholarship Foundation Inc. Here is a summary of their reviews:
Many supporters highlight the critical role this nonprofit plays in assisting military families facing unique challenges. Observers appreciate the targeted scholarships aimed at dependents of service members, acknowledging the sacrifices these families make for their country. Commenters express gratitude for the foundation, viewing it as a meaningful support system that helps bridge the opportunity gap for children of military personnel.
Overall, the sentiment towards the Marine Corps Scholarship Foundation Inc is overwhelmingly positive, with numerous reviews emphasizing the organization's commitment to honoring and aiding those who serve. Reviewers believe the scholarships provided are an essential resource, ensuring that military children are not deprived of educational opportunities due to their families' financial hardships.
This AI summary has been generated from reviews found on Facebook.
Is Marine Corps Scholarship Foundation Inc legitimate?
Marine Corps Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marine Corps Scholarship Foundation Inc 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: $640,415
Professional Fundraising Fees: $537,865
Other Salaries and Wages: $2,230,735
For more financial information, click here
Official website here: www.mcsf.org
What is the mission statement of Marine Corps Scholarship Foundation Inc?
The Marine Corps Scholarship Foundation is a prominent organization that has been providing scholarships to the children of Marines, Navy Corpsmen, Navy Chaplains, and Religious Program Specialists since 1962. This non-profit institution offers educational assistance to qualified students attending post-high school, undergraduate, and career technical education programs. With a rich history of granting nearly 50,000 scholarships worth over $185 million, the Foundation has been the oldest and largest provider of need-based scholarships for military children in the United States. By making education accessible, it empowers the next generation of military families to thrive.
Official website here: www.mcsf.org
Who is the CEO of Marine Corps Scholarship Foundation Inc?
Edward Probert Jr is the President And Ceo of Marine Corps Scholarship Foundation Inc. The CEO's salary of Marine Corps Scholarship Foundation Inc is $290,843 and their total compensation is $308,084.
Official website here: www.mcsf.org
What is the revenue of Marine Corps Scholarship Foundation Inc?
Marine Corps Scholarship Foundation Inc's revenue in 2022 was $37,411,876.
Official website here: www.mcsf.org
Who are the executives of Marine Corps Scholarship Foundation Inc and what are their salaries?
The average compensation at Marine Corps Scholarship Foundation Inc during 2022 was $71,779. There are 40 employees and 329 volunteers at Marine Corps Scholarship Foundation Inc.
Here are 42 key members and their salaries (Marine Corps Scholarship Foundation Inc's CEO's salary is $290,843 and their total compensation is $308,084):
- Compensation: $290,843
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- Compensation: $184,841
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- Other: $6,222
Official website here: www.mcsf.org
Where can I find the form 990 for Marine Corps Scholarship Foundation Inc?
Marine Corps Scholarship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcsf.org
Learn more at the official website: www.mcsf.org
Mission Statement of Marine Corps Scholarship Foundation Inc
The Marine Corps Scholarship Foundation Inc, a pioneering organization founded in 1962, has been the oldest and most extensive provider of need-based scholarships to the children of Marines, Navy Corpsmen, Navy Chaplains, and Religious Program Specialists. It grants access to education for these military families, enabling their children to attend post-high school, undergraduate, and career technical education programs. With nearly 50,000 scholarships awarded and over $185 million in funding, every eligible applicant has received financial aid. The Foundation's unwavering commitment to education ensures that the military children in its care can pursue their academic goals and secure a brighter future.
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Impact
October, 2024
The Marine Corps Scholarship Foundation Inc has a profound impact on the educational journeys of children of Marines and Navy Corpsmen. In the 2022-2023 academic year alone, the foundation awarded $10 million in scholarships to 2,611 deserving students across all 50 states and overseas. This financial support significantly enhances access to post-high school education, ensuring that many young individuals can pursue undergraduate and career technical education programs without the overwhelming burden of debt.
The outcomes of this support are remarkable. Recipients achieve a graduation rate of 91%, a striking contrast to the national average of 56%. This demonstrates not only the effectiveness of the foundation's investment in education but also the dedication and resilience of the students it supports. Furthermore, 50% of scholarship recipients graduate with little to no debt, compared to 30% nationally, which allows them to embark on their careers and futures with greater financial freedom.
Established in 1962, the Marine Corps Scholarship Foundation is a longstanding institution committed to providing need-based scholarships. Over its history, it has awarded nearly 50,000 scholarships valued at $185 million, ensuring that every qualified applicant receives the aid they need to succeed academically. This legacy continues to make a significant and lasting impact on the lives of military families and the next generation of leaders.
This information is meant to be a general summary of Marine Corps Scholarship Foundation Inc. 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: $10,051,527
- Gross Receipts: $170,213,832
Assets and Liabilities:
- Total Assets: $143,461,620
- Total Liabilities: $10,517,290
- Net Assets: $132,944,330
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Organization Details
Founding Year
1962
Phone
(703) 549-0060Principal Officer
Edward Probert Jr
Main Address
909 N WASHINGTON STREET 400, ALEXANDRIA, VA, 22314
Website
www.mcsf.orgNTEE Category
Code: B82Z - Education
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