MARINE CORPS-LAW ENFORCEMENT FOUNDA FOUNDATION INC

EIN: 223357410 501(c)(3) Education

TUCKAHOE, NY

Total Revenue
$10,282,002
Total Expenses
$2,566,749
Total Assets
$34,678,298
Net Assets
$31,823,256
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NY
Principal Officer
JOHN KEENAN
Phone
9142680630
Tax Period
2024-01-01 to 2024-12-31

MARINE CORPS-LAW ENFORCEMENT FOUNDA FOUNDATION INC, founded in 1995, is a mid-sized nonprofit in the Education sector that reported $10.3M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.7M, a strong 75% operating margin.

Mission

PROVIDE EDUCATIONAL SCHOLARSHIP ACCOUNTS, SCHOLARSHIPS, MEDICAL AND HUMANITARIAN AID TO THE CHILDREN OF UNITED STATE MARINES, NAVY CORPSMEN AND FEDERAL LAW ENFORCEMENT AGENTS WHO HAVE DIED WHILE ON ACTIVE DUTY.

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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 $3,620,988
Program Service Revenue $0
Investment Income $5,042,907
Other Revenue $1,618,107
TOTAL REVENUE $10,282,002

Expense Breakdown

Grants Paid $1,881,718
Salaries & Benefits $116,090
Fundraising Expenses $453,456
Program Expenses $1,984,311
Other Expenses $568,941
TOTAL EXPENSES $2,566,749

Year-over-Year Comparison

2024 2023 Change
Revenue $10,282,002 $6,004,743 +0.7%
Expenses $2,566,749 $2,790,312 -0.1%
Net Income $7,715,253 $3,214,431 +1.4%
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

Financial Distress Indicator

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
18
Independent Members
18
Employees
1
Volunteers
35

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
10
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLONEL BARNEY BARNUM USMC RET BOARD MEMBER N/A
Director
$0 $0 $0
EDMOND BORAN DIRECTOR N/A
Officer Director
$0 $0 $0
ANTHONY BOYLE VICE PRESIDE N/A
Officer Director
$0 $0 $0
JOHN CONNOR CFO N/A
Officer Director
$0 $0 $0
MICHAEL FEDORKO VICE PRESIDE N/A
Officer Director
$0 $0 $0
CHRISTOPHER ISOLA BOARD MEMBER N/A
Director
$0 $0 $0
JOHN KEENAN PRESIDENT N/A
Officer Director
$0 $0 $0
ROBERT MILSTEAD BOARD MEMBER N/A
Director
$0 $0 $0
JAMES MOTTOLA VICE PRESIDE N/A
Officer Director
$0 $0 $0
JAMES MURPHY BOARD MEMBER N/A
Director
$0 $0 $0
KEVIN MCGUIRE VICE PRESIDE N/A
Officer Director
$0 $0 $0
PETER PACE CHAIRMAN N/A
Officer Director
$0 $0 $0
DAN PARKER BOARD MEMBER N/A
Director
$0 $0 $0
LOU PIANTADOSI BOARD MEMBER N/A
Director
$0 $0 $0
GARY SCHWEIKERT VICE CHAIRMA N/A
Officer Director
$0 $0 $0
GENE SEPE VICE PRESIDE N/A
Officer Director
$0 $0 $0
JAMES SULLIVAN COUNSEL N/A
Director
$0 $0 $0
MICHAEL WALLACE BOARD MEMBER N/A
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 $10,282,002 $2,566,749 $34,678,298 $7,715,253
2024 $10,282,002 $2,566,749 $34,678,298 $7,715,253
2023 $6,004,743 $2,790,312 $26,937,964 $3,214,431
2022 $4,087,247 $3,842,732 $20,946,406 $244,515
2021 $9,019,489 $4,356,448 $21,480,843 $4,663,041
2021 $9,106,081 $4,443,039 $21,480,843 $4,663,042
2021 $9,106,081 $4,443,039 $21,480,843 $4,663,042
2020 $3,459,660 $4,243,704 $16,916,596 $-784,044
2020 $3,459,660 $4,243,704 $16,916,596 $-784,044
2020 $3,459,660 $4,243,704 $16,916,596 $-784,044
2019 $5,232,457 $3,492,154 $16,894,216 $1,740,303
2019 $5,232,457 $3,492,154 $16,894,216 $1,740,303
2018 $3,156,716 $2,844,340 $15,159,350 $312,376
2018 $3,156,716 $2,844,340 $15,159,350 $312,376
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