MARINE MILITARY ACADEMY FOUNDATION

EIN: 061803198 501(c)(3) Education

HARLINGEN, TX

Total Revenue
$168,034
Total Expenses
$331,183
Total Assets
$6,291,370
Net Assets
$6,286,622
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
TX
Principal Officer
CHRISTOPHER S DOWLING
Phone
9564236006
Tax Period
2024-01-01 to 2024-12-31

MARINE MILITARY ACADEMY FOUNDATION, founded in 2007, is a small nonprofit in the Education sector that reported $168K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $331K exceeded revenue, resulting in a 97% operating deficit.

Mission

THE MARINE MILITARY ACADEMY FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF MARINE MILITARY ACADEMY, INC., A COLLEGE PREPARATORY BOARDING SCHOOL FOR YOUNG MEN GRADES 7 THROUGH 12.

Program Service Accomplishments

Program 1
Expenses: $308,189

THE MARINE MILITARY ACADEMY FOUNDATION PROVIDES SCHOLARSHIP FUNDS FOR STUDENTS TO ATTEND THE MARINE MILITARY ACADEMY, INC. AND FUNDS TO SUPPORT THE OPERATIONS OF THE MARINE MILITARY ACADEMY, INC. ALL...

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THE MARINE MILITARY ACADEMY FOUNDATION PROVIDES SCHOLARSHIP FUNDS FOR STUDENTS TO ATTEND THE MARINE MILITARY ACADEMY, INC. AND FUNDS TO SUPPORT THE OPERATIONS OF THE MARINE MILITARY ACADEMY, INC. ALL EXPENSES ARE ATTRIBUTABLE TO THE MARINE MILITARY ACADEMY FOUNDATION. THE MARINE MILITARY ACADEMY IS A COLLEGE PREPARATORY BOARDING SCHOOL FOR YOUNG MEN IN GRADES 7-12 AND SERVED 253 ACADEMIC YEAR CADETS AND 347 SUMMER CAMPERS DURING 2024. THE ACADEMY DEVELOPS DISCIPLINED, MORALLY STRONG, COLLEGE READY YOUNG MEN WHO ARE PREPARED FOR RESPONSIBLE LEADERSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,023
Program Service Revenue $0
Investment Income $151,011
Other Revenue $0
TOTAL REVENUE $168,034

Expense Breakdown

Grants Paid $308,189
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $308,189
Other Expenses $22,994
TOTAL EXPENSES $331,183

Year-over-Year Comparison

2024 2023 Change
Revenue $168,034 $120,558 +0.4%
Expenses $331,183 $380,536 -0.1%
Net Income $-163,149 $-259,978 -0.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
6
Employees
N/A
Volunteers
6

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$452,131
Total Directors
8
$452,131
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER S DOWLING PRESIDENT 0.50
Officer Director
$0 $67,778 $247,778
JOHN D BUTLER TREASURER 0.50
Officer Director
$0 $49,353 $204,353
RICKY LEAL SECRETARY 0.50
Officer Director
$0 $0 $0
EDGAR D ARONSON DIRECTOR 0.50
Director
$0 $0 $0
ROBERT G HILL DIRECTOR 0.50
Director
$0 $0 $0
WENDELL F JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
KEVIN CAMPBELL DIRECTOR 0.50
Director
$0 $0 $0
JASON CARTER DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $168,034 $331,183 $6,291,370 $-163,149
2023 $120,558 $380,536 $5,880,392 $-259,978
2022 $98,707 $324,972 $5,476,646 $-226,265
2021 $1,284,020 $312,768 $6,752,634 $971,252
2020 $440,574 $577,021 $6,259,327 $-136,447
2019 $137,833 $290,895 $6,250,573 $-153,062
2018 $651,217 $289,491 $5,621,928 $361,726
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