MARINE TOYS FOR TOTS FOUNDATION

EIN: 203021444 501(c)(3) Philanthropy & Grantmaking

TRIANGLE, VA

Total Revenue
$432,326,962
Total Expenses
$405,633,766
Total Assets
$246,276,175
Net Assets
$236,644,805
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
VA
Principal Officer
JAMES B LASTER
Phone
7036409433
Tax Period
2025-01-01 to 2025-12-31

MARINE TOYS FOR TOTS FOUNDATION, founded in 2005, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $276.6M in total revenue in fiscal year 2018.

Mission

TO COLLECT NEW, UNWRAPPED TOYS DURING CHRISTMAS TIME EACH YEAR, AND DISTRIBUTE THOSE TOYS AS CHRISTMAS GIFTS TO LESS FORTUNATE CHILDREN IN THE COMMUNITY. THE FOUNDATION ALSO SUPPORTS LESS FORTUNATE CHILDREN WITH BOOKS, TOYS, AND GAMES DURING CHRISTMAS AND OTHER TIMES OF THE YEAR TO GIVE ECONOMICALLY DISADVANTAGED CHILDREN HOPE AND MOTIVATION TO GROW INTO RESPONSIBLE, PRODUCTIVE, PATRIOTIC CITIZENS AND COMMUNITY LEADERS.

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Trantor Score

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $426,024,103
Program Service Revenue $0
Investment Income $6,086,100
Other Revenue $216,759
TOTAL REVENUE $432,326,962

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,139,647
Fundraising Expenses $11,191,685
Program Expenses $391,946,605
Other Expenses $399,204,817
TOTAL EXPENSES $405,633,766

Year-over-Year Comparison

2025 2024 Change
Revenue $432,326,962 $506,123,222 -0.1%
Expenses $405,633,766 $523,308,589 -0.2%
Net Income $26,693,196 $-17,185,367 -2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
13
Employees
30
Volunteers
61968

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
5
$1,107,012
Total Directors
15
$484,426
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES B LASTER PRESIDENT & CEO 50.00
Officer Director
$433,081 $51,345 $484,426
DAVID G BELLON CHAIRMAN 2.00
Officer Director
$0 $0 $0
STEVEN C OHMSTEDE VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
ROBERT E MILSTEAD DIRECTOR 2.00
Director
$0 $0 $0
MARK A HAYDEN DIRECTOR 2.00
Director
$0 $0 $0
WALTER T DAVIS DIRECTOR 2.00
Director
$0 $0 $0
ALPHONSO TRIMBLE DIRECTOR 2.00
Director
$0 $0 $0
DAVID J DOOLAN DIRECTOR 2.00
Director
$0 $0 $0
ANNE MARTIN DIRECTOR 2.00
Director
$0 $0 $0
CRAIG C CRENSHAW DIRECTOR 2.00
Director
$0 $0 $0
JOSHUA L GLOVER DIRECTOR 2.00
Director
$0 $0 $0
TAMMY PEPPE DIRECTOR 2.00
Director
$0 $0 $0
JESSICA VAN DOP DEJESUS DIRECTOR 2.00
Director
$0 $0 $0
DAVID LAPAN DIRECTOR 2.00
Director
$0 $0 $0
SHERYL E MURRAY DIRECTOR (THRU JUNE 2025) 2.00
Director
$0 $0 $0
THEODORE SILVESTER VICE PRESIDENT, M&D 50.00
Officer
$274,798 $36,994 $311,792
MATTHEW D COOPER VP, OPERATIONS AND SECRETARY 50.00
Officer
$275,516 $35,278 $310,794
KELLEY HARDISON DVP, M&D/HR DIRECTOR 40.00
Highest
$243,074 $32,371 $275,445
GUNNAR SPAFFORD DVP, BUS DEV 40.00
Highest
$187,026 $21,897 $208,923
MACKERL STUCKEY DVP, OPERATIONS 40.00
Highest
$178,680 $19,687 $198,367
MELANIE TURNER FINANCE DIRECTOR 40.00
Highest
$163,161 $19,995 $183,156
MATTHEW MCDONALD IT DIRECTOR 40.00
Highest
$153,953 $23,687 $177,640
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
2025 $432,326,962 $405,633,766 $246,276,175 $26,693,196
2024 $506,123,222 $523,308,589 $202,864,281 $-17,185,367
2023 $359,237,893 $376,454,492 $215,321,979 $-17,216,599
2022 $379,587,582 $388,308,278 $224,233,558 $-8,720,696
2021 $357,083,854 $338,600,503 $253,941,097 $18,483,351
2020 $298,290,471 $256,472,523 $226,371,842 $41,817,948
2019 $263,327,328 $239,537,462 $187,401,589 $23,789,866
2018 $276,639,200 $270,863,713 $155,953,139 $5,775,487
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