logo img
nonprofit logo

Marine Corps Scholarship Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 221905062 ✦ Alexandria, VA ✦ Designated as a 501(c)(3)

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

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.

Here 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):

    Edward Probert (President And Ceo) [Trustee/Director]
  • Compensation: $290,843
  • Related: $0
  • Other: $17,241

    • Robert Ruark (Former Officer Until June 2021)
  • Compensation: $215,513
  • Related: $0
  • Other: $11,714

    • Steven Peterson (Former Officer Until June 2021)
  • Compensation: $184,841
  • Related: $0
  • Other: $6,222

    • Ashley Saville (Chief Philanthropic Until May 2022)
  • Compensation: $177,634
  • Related: $0
  • Other: $10,234

    • Rita Thakur (Comptroller Until Jan 2022)
  • Compensation: $153,653
  • Related: $0
  • Other: $19,005

    • Keith Moore (Development Officer)
  • Compensation: $119,490
  • Related: $0
  • Other: $19,586

    • Courtney Balson (Chief Advancement Officer)
  • Compensation: $117,371
  • Related: $0
  • Other: $20,518

    • Jeanna Adams (Chief Scholarship Officer)
  • Compensation: $122,147
  • Related: $0
  • Other: $13,846

    • Brian Chadwick (Development Officer Until April 2022)
  • Compensation: $125,950
  • Related: $0
  • Other: $6,609

    • Harold Van Opdorp (Chief Operating Officer)
  • Compensation: $97,708
  • Related: $0
  • Other: $26,649

    • Robert B Neller (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric J Candelori (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard D Stephens (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven M Post (General Counsel) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Micheal P Barrett (Director Until Sept 2021)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard A Bergen (Director Until Sept 2021)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles F Bolden Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph F Boulos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Miguel Eaton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George J Flynn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Fusco (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Gantz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tracy Garrett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank J Gaudio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keith M Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert E Joyce Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Kennedy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Margaret G Kibben (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank D Martell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Mccallum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan E Morrison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael G Mullen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan Nelson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melissa D Palmisciano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Parsons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Pohl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert W Schroder (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Scianna (Director Until Sept 2021)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harvey Seegers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Catherine Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bernard J Willett (Director Until April 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah Tonizzo (Cfo Starting May 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mcsf.org

    Where can I find the form 990 for Marine Corps Scholarship Foundation Inc?

    The 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.

    Impact

    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.




    Sunday, April 14, 2024

    Marine Corps Scholarship Foundation Inc provides scholarships to the children of Marines and Navy Corpsmen attending post-high school, undergraduate, and career technical education programs. In the 2022-2023 academic year, they awarded $10 million to 2,611 children of Marines and Navy Corpsmen across all 50 states and overseas. These students, who come from honorable military backgrounds, demonstrate exceptional academic achievements, with a graduation rate of 91% compared to the national average of 56%.

    With half of the recipients graduating with little to no debt, compared to 30% nationally, the Foundation's scholarship support significantly impacts their lives after graduation. Established in 1962, the Marine Corps Scholarship Foundation is the nation's oldest and largest provider of need-based scholarships to military children. They have a long history of awarding scholarships and have provided nearly 50,000 scholarships valued at $185 million. Every qualified student who has applied has received aid, ensuring access to education for these deserving individuals.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • Program Service Revenue: $0
  • Gross Receipts: $170,213,832

    • Assets and Liabilities:
  • Total Assets: $143,461,620
  • Total Liabilities: $10,517,290
  • Net Assets: $132,944,330
  • Organization Details

    Founding Year

    1962

    Principal Officer

    Edward Probert Jr

    Main Address

    909 N WASHINGTON STREET 400, ALEXANDRIA, VA, 22314

    NTEE Category

    Code: B82Z - Education