Overview
What is Marine Corps Association Foundation?
The Marine Corps Association Foundation, located in Quantico, Virginia, serves as a significant contributor to the United States Marine Corps, recognizing the achievements of its personnel through various awards programs. Established to honor outstanding Marines and Sailors, the foundation grants awards to over 5,200 deserving individuals annually, with approximately 90% going to enlisted members. These awards cover categories such as Recruiter of the Year, Drill Instructor of the Year, and Honor Graduates from various schools and leadership courses. In 2022, the Marine Corps Association Foundation invested over $1,100,000 in supporting approximately 49,000 Marines, offering resources and recognition for their exceptional achievements. The foundation's mission is to sustain and expand programs essential to the Marine Corps Association, engaging individuals inspired by the Marine Corps.
Official website here: www.mca-marines.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
The Marine Corps Association Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity scored particularly well in areas such as board independence and financial oversight, achieving perfect scores for having a majority of independent board members and a robust audit committee. These strengths highlight the organization’s commitment to good governance and transparency.
However, the foundation's program expense ratio is relatively low at 57.09%, which suggests that a smaller proportion of its funds are directed towards programmatic activities compared to administrative or fundraising costs. Additionally, the fundraising efficiency ratio of $0.35 indicates that a considerable amount of funds is required to raise donations, which may raise concerns about the sustainability of its fundraising strategies.
Overall, while the Marine Corps Association Foundation demonstrates strong governance and accountability practices, potential donors may want to consider the efficiency of its fundraising efforts and the balance between administrative expenses and program delivery when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Marine Corps Association Foundation legitimate?
Marine Corps Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marine Corps Association 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: $60,544
Professional Fundraising Fees: $81,000
Other Salaries and Wages: $419,436
For more financial information, click here
Official website here: www.mca-marines.org/foundation
What is the mission statement of Marine Corps Association Foundation?
The Marine Corps Association Foundation's mission is to provide essential resources and support to sustain and expand programs and activities that align with the Marine Corps Association's mission. This is achieved by engaging everyone inspired by the Marine Corps. One of their significant initiatives is the Marine Excellence Awards Program, which recognizes the professional achievements of Marines and sailors, serving in Marine Corps units, and honors graduates from various formal schools. The Foundation is the largest contributor of awards given to the U.S. Marine Corps, annually recognizing over 5,200 deserving Marines and sailors, with about 90% of the awards going to enlisted personnel. In 2022, the Foundation spent over $1,100,000 in support of approximately 49,000 Marines, recognizing their excellent achievements and effective written work.
Official website here: www.mca-marines.org/foundation
Who is the CEO of Marine Corps Association Foundation?
Charles Chiarotti is the Principal Officer of Marine Corps Association Foundation. The CEO's salary of Marine Corps Association Foundation is $45,604 and their total compensation is $318,241.
Official website here: www.mca-marines.org/foundation
What is the revenue of Marine Corps Association Foundation?
Marine Corps Association Foundation's revenue in 2022 was $2,003,526.
Official website here: www.mca-marines.org/foundation
Who are the executives of Marine Corps Association Foundation and what are their salaries?
There 20 volunteers at Marine Corps Association Foundation.
Here are 25 key members and their salaries (Marine Corps Association Foundation's CEO's salary is $45,604 and their total compensation is $318,241):
- Compensation: $45,604
- Related: $258,428
- Other: $14,209
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- Compensation: $12,154
- Related: $109,384
- Other: $6,551
- Compensation: $42,618
- Related: $127,856
- Other: $9,620
- Compensation: $8,582
- Related: $163,058
- Other: $9,312
- Compensation: $119,352
- Related: $29,838
- Other: $8,875
- Compensation: $15,756
- Related: $141,802
- Other: $12,959
Official website here: www.mca-marines.org/foundation
Where can I find the form 990 for Marine Corps Association Foundation?
Marine Corps Association Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mca-marines.org/foundation
Learn more at the official website: www.mca-marines.org/foundation
Mission Statement of Marine Corps Association Foundation
The Marine Corps Association Foundation's mission is to provide essential resources and support to sustain and expand programs and activities that align with the Marine Corps Association's overall mission. The organization aims to engage everyone inspired by the Marine Corps in this endeavor. One of the ways they accomplish this is through the Marine Excellence Awards Program, which recognizes the professional achievements of Marines and sailors serving in Marine Corps units. This program, which is the largest contributor of awards to the U.S. Marine Corps, honors outstanding Marines and sailors who excel in their commands and formal schools. Every year, the Marine Corps Association Foundation awards over 5,200 deserving Marines and sailors, with about 90% of the awards going to enlisted men and women. In 2022 alone, the foundation spent over $1,100,000 supporting approximately 49,000 Marines, recognizing their excellent achievements and effective written work with over 4,500 awards.
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Impact
July, 2024
The Marine Corps Association Foundation has a significant impact on the Marine Corps community by recognizing and rewarding professional achievements. Through its Marine Excellence Awards program, the foundation acknowledges the outstanding contributions of Marines and sailors serving in Marine Corps units. These awards serve as valuable incentives and recognition for individuals excelling in their commands, formal schools, and leadership courses. In 2022 alone, the foundation spent over $1,100,000 in support of approximately 49,000 Marines, with over 4,500 awards given to deserving recipients. The impact of these awards extends beyond monetary value, providing recognition and encouragement to those who demonstrate excellence in their service. Through its initiatives, the Marine Corps Association Foundation plays a crucial role in promoting and maintaining high standards of professionalism within the Marine Corps community.
This information is meant to be a general summary of Marine Corps Association 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: $31,091
- Program Service Revenue: $24,261
- Gross Receipts: $2,189,974
Assets and Liabilities:
- Total Assets: $977,211
- Total Liabilities: $204,807
- Net Assets: $772,404
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$24,261
Organization Details
Founding Year
2009
Phone
(877) 469-6223Principal Officer
Charles Chiarotti
Main Address
715 BROADWAY STREET, QUANTICO, VA, 22134
NTEE Category
Code: A54 - Arts
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