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MARINE CORPS ASSOCIATION FOUNDATION

Every Marine is a leader.

aka Marine Corps Association & Foundation   |   Quantico, VA   |  www.mcafdn.org
GuideStar Charity Check

MARINE CORPS ASSOCIATION FOUNDATION

EIN: 80-0340923


Mission

The Marine Corps Association Foundation is a 501(c)(3) which was established in 2009 to support & expand professional development resources, programs, and activities provided the Marine Corps Association (MCA).

Ruling year info

2009

President & CEO

LtGen Charles G. Chiarotti USMC (Ret)

Main address

715 Broadway Street

Quantico, VA 22134 USA

Show more contact info

EIN

80-0340923

Subject area info

Education

National defense

Special population support

Population served info

Military personnel

NTEE code info

Military/Veterans' Organizations (W30)

Professional Societies & Associations (B03)

Military/Veterans' Organizations (W30)

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

The Commanders' Unit Library Program

Provides commanders with professional libraries in their units that make professional reading and study readily accessible to their Marines.

Population(s) Served
Military personnel

Provides special events specifically tailored by commanders to enhance their Marines' knowledge of operational art from historical, cultural and operational perspectives.

Population(s) Served
Military personnel

Provides awards that recognizes individual Marines, and sailors supporting Marines, for scholastic, leadership or technical excellence.

Population(s) Served
Military personnel

The same skills Marines display on the battlefield are recognized by our Marine Writing Program. This program encourages open discussion and critical dialogue on topics important to Marines and ensure today's warriors will excel in tomorrow's complex environment.

Population(s) Served
Military personnel

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of Unit Libraries Provided

This metric is no longer tracked.
Totals By Year
Population(s) Served

Military personnel

Related Program

The Commanders' Unit Library Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of Marine Excellence Awards honoring Marines

This metric is no longer tracked.
Totals By Year
Population(s) Served

Military personnel

Related Program

Marine Excellence Awards Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of Commanders Forums hosted

This metric is no longer tracked.
Totals By Year
Population(s) Served

Military personnel

Related Program

The Commanders' Forums

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of participants engaged in programs

This metric is no longer tracked.
Totals By Year
Population(s) Served

Military personnel

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of Twitter followers

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of Facebook followers

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The Marine Corps Association Foundation serves Active-Duty and Reserve Marines. Our goal is to foster the leadership of our Marines by providing programs that support their professional development and leadership growth. The demand for our programs will only grow as increased pressure is put on the Department of Defense budget resources in the coming years. We fill these unmet needs by providing opportunities for Marines to gain professional knowledge, as well as develop leadership and mentoring skills, through our four key programs:

* Commanders' Forums - battlefield studies and guest speakers for Marine units which focus on the study of military history, allowing Marines to grow as tactical decision makers and leaders in war.

* Marine Writing Program - open discussion and critical dialogue on topics important to Marines, ensuring that today's warriors will excel in tomorrow's complex environments.

* Marine Excellence Awards Program - recognition of Marines outstanding professional achievements.

* Commanders' Unit Library Program -this program provides Marine units with books from the Commandant's Professional Reading List, based on the belief that Marines fight better when they fight smarter.

We view success in terms of the quantity of Marines we serve and our ability to provide relevant programs that adapt to the changing needs of the Marine Corps. Every time we can answer in the affirmative to a mission-related request made by a Marine leader we succeed.

The Marine Corps Association Foundation relies on a multi-faceted strategic plan to meet our goals. Our programs draw on the 100 year history of our sister organization, the Marine Corps Association, and are kept current utilizing the knowledge of the retired and veteran Marines who serve on our staff and on our Board. Input is actively sought from Marine Corps commanders, as well as from our own members and donors, as we continue to fine-tune the execution of our programs. All of these elements combine to ensure MCAF programs are meeting the needs of today's Marines.In order to meet the demand for our programs we must ensure we have adequate resources.

Marine Corps Association Foundation revenue is generated from multiple streams: donations, sponsorships, grants and memberships. Diversity in revenue sources ensures we remain adaptable to various economic environments. Sponsors have stepped forward to support our Marine Excellence Awards program even during challenging economic times. These varied revenue sources will ensure we can meet the increasing demand for our programs. The combination of adequate funding resources and well-executed programs ensures we are serving the professional development needs of the United States Marine Corps.

The Marine Corps Association Foundation operates with an annual budget of $1.75 million. That budget is managed by experienced financial managers and legal advisors. The Foundation is led by a retired USMC general officer, who is backed-up by a staff of retired Marines, as well as by civilians with years of experience in their fields. The staff at the Marine Corps Association Foundation is strong, experienced and dedicated to our mission of serving Marines.

The Marine Corps Association Foundation has partnered with external sources to enhance our internal efforts. We are engaged with a leading direct mail marketing fundraiser in order to ensure a consistent donation revenue stream in the years to come. We operate side-by-side with the Marine Corps Association. Our sponsors provide us with funding for many of our Marine Excellence Awards. Our relationships with these external organizations strengthen our Foundation. Our Board of Directors, comprised of veteran and retired Marines, provides oversight on our operations. The involvement of of staff and Board together with the opinions provided by Marine Corps commanders, our own members and donors, all serve to strengthen our capability to provide the most effective programs possible.

Our long-term goal is to continue providing programs relevant to the professional development of Marines. We have established our core programs to meet this goal, and each year we work toward further enhancing those programs. We have put an increased focus on our writing awards, better recognizing Marines who engage in discussion critical to advancing the Corps. We have also put increased focus on our Commanders' Forums, providing opportunities for Marines to grow as tactical decision makers. One obstacle that we face in achieving our goals is the transient nature of Marine Corps commanders and the corresponding loss of knowledge of our programs. Additional obstacles include the prohibitions placed on commanders with respect to accepting gifts and the limitations placed on Foundations connecting with active-duty Marines through formal presentations. To address these obstacles in the near-term we are developing a communication plan for our programs to distribute to the Marine Corps hierarchy at key locations. This plan will not only describe our programs and how to access them, it will also detail the constraints placed on the use of the programs to ensure that commanders are informed and comfortable with their use of the services we provide. With more complete information, that is continually distributed, we will ensure that knowledge of our programs grows and that Marine Corps commanders are confident in their utilization of these opportunities. In addition we have increased our efforts to ""tell the story"" of our programs through our website, social media, newsletters and direct mail pieces. The more knowledge there is of our programs, the greater they will be utilized and the more support will be provided. All this will result in increased capacity to provide additional opportunities for Marines.

Financials

MARINE CORPS ASSOCIATION FOUNDATION
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

4.49

Average of 4.00 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

2.2

Average of 3.4 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

12%

Average of 12% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

MARINE CORPS ASSOCIATION FOUNDATION

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

MARINE CORPS ASSOCIATION FOUNDATION

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

MARINE CORPS ASSOCIATION FOUNDATION

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of MARINE CORPS ASSOCIATION FOUNDATION’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $45,929 $39,035 $26,576 $180,190 -$113,393
As % of expenses 2.9% 2.4% 1.8% 10.5% -5.6%
Unrestricted surplus (deficit) after depreciation $37,154 $35,206 $22,263 $172,883 -$117,580
As % of expenses 2.3% 2.2% 1.5% 10.0% -5.8%
Revenue composition info
Total revenue (unrestricted & restricted) $1,589,862 $1,597,271 $1,616,005 $1,886,618 $2,003,526
Total revenue, % change over prior year -12.2% 0.5% 1.2% 16.7% 6.2%
Program services revenue 2.3% 2.1% 1.8% 1.4% 1.2%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.2% 0.7% 0.8% 1.4% 1.3%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 97.6% 97.0% 97.5% 96.8% 97.2%
Other revenue 0.0% 0.2% 0.0% 0.4% 0.3%
Expense composition info
Total expenses before depreciation $1,594,955 $1,620,790 $1,503,444 $1,713,877 $2,034,374
Total expenses, % change over prior year 4.9% 1.6% -7.2% 14.0% 18.7%
Personnel 28.0% 27.3% 34.3% 29.5% 26.5%
Professional fees 5.3% 5.7% 6.4% 5.1% 4.4%
Occupancy 0.2% 0.1% 0.1% 0.1% 0.1%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 66.5% 66.9% 59.3% 65.3% 69.0%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,603,730 $1,624,619 $1,507,757 $1,721,184 $2,038,561
One month of savings $132,913 $135,066 $125,287 $142,823 $169,531
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $9,705 $9,440 $0 $0
Total full costs (estimated) $1,736,643 $1,769,390 $1,642,484 $1,864,007 $2,208,092

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 3.4 1.6 2.4 2.5 2.2
Months of cash and investments 4.1 3.9 5.7 6.8 5.4
Months of estimated liquid unrestricted net assets 2.7 2.9 3.2 4.1 2.8
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $456,677 $215,687 $299,661 $359,498 $373,686
Investments $85,272 $316,378 $410,873 $611,457 $544,338
Receivables $38,668 $49,955 $50,831 $46,981 $1,485
Gross land, buildings, equipment (LBE) $52,976 $21,731 $23,009 $23,013 $23,009
Accumulated depreciation (as a % of LBE) 93.4% 56.9% 37.0% 68.8% 87.0%
Liabilities (as a % of assets) 11.2% 12.4% 14.2% 15.3% 21.0%
Unrestricted net assets $361,881 $397,087 $419,350 $592,233 $474,653
Temporarily restricted net assets $227,548 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $227,548 $172,936 $285,208 $328,022 $297,751
Total net assets $589,429 $570,023 $704,558 $920,255 $772,404

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President & CEO

LtGen Charles G. Chiarotti USMC (Ret)

Lieutenant General (Ret) Charles G. Chiarotti is the President and Chief Executive Officer of the Marine Corps Association. Prior to his retirement in the summer of 2021, Lieutenant General Chiarotti served as the Deputy Commandant for Installations and Logistics. Previous assignments include the Deputy Commander of the United States Forces Japan; U.S. Marine Corps Forces, Europe and U.S. Marine Corps Forces, Africa as Deputy Commander; the Deputy, J-5 Plans and Strategy and the Director, J-5 Plans, Strategy and Programs for U.S. Africa Command until his assignment to II MEF as Commanding General, 2d Marine Logistics Group.

Number of employees

Source: IRS Form 990

MARINE CORPS ASSOCIATION FOUNDATION

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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MARINE CORPS ASSOCIATION FOUNDATION

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

MARINE CORPS ASSOCIATION FOUNDATION

Board of directors
as of 04/29/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

LtGen John Toolan

No Affiliation

Mark A. Brilakis

Christopher J. Davis

William Timothy Eichhorn

Jay S. Holmes

Susan Johnston

James Kessler

Robert Love

Michael Martz

Jeff Speights

Michael A. Stocker

Emily E. Swain

Bryan H. Wood

Richard C. Zilmer

John Broadmeadow

John M Reed

Richard Brady

Andrew Starr

Thomas Craig

ariane Whittemore

Christopher Escamilla

Eric Chase

Thomas Eggerling

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 4/29/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser