MARINE CORPS HERITAGE FOUNDATION

EIN: 260803466 501(c)(3) Human Services

TRIANGLE, VA

Total Revenue
$9,661,802
Total Expenses
$14,266,878
Total Assets
$114,407,688
Net Assets
$111,561,055
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
VA
Principal Officer
MAJGEN JAMES W LUKEMAN
Phone
7036407965
Tax Period
2023-01-01 to 2023-12-31

MARINE CORPS HERITAGE FOUNDATION, founded in 1979, is a community nonprofit in the Human Services sector that reported $9.7M in total revenue in fiscal year 2023. Expenses of $14.3M exceeded revenue, resulting in a 48% operating deficit.

Mission

THE MARINE CORPS HERITAGE FOUNDATION PRESERVES AND PROMULGATES THE HISTORY, TRADITIONS AND CULTURE OF THE MARINE CORPS AND EDUCATES ALL AMERICANS IN ITS VIRTUES.

Program Service Accomplishments

Program 1
Expenses: $8,686,640 Revenue: $821,943

PROGRAMS FOR THE NATIONAL MUSEUM OF THE MARINE CORPS INCLUDE SUPPORT FOR MUSEUM COLLECTIONS/EXHIBITS, ARTWORK, EDUCATIONAL PROGRAMS, COMMUNITY OUTREACH EFFORTS, A VOLUNTEER DOCENT PROGRAM, PAYROLL...

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PROGRAMS FOR THE NATIONAL MUSEUM OF THE MARINE CORPS INCLUDE SUPPORT FOR MUSEUM COLLECTIONS/EXHIBITS, ARTWORK, EDUCATIONAL PROGRAMS, COMMUNITY OUTREACH EFFORTS, A VOLUNTEER DOCENT PROGRAM, PAYROLL SUPPORT FOR INTERNS AND SPECIAL ASSISTANTS, MARKETING, AND HERITAGE CENTER PROPERTY/GROUNDS MAINTENANCE. THE FOUNDATION CONDUCTS ALL RETAIL OPERATIONS WITHIN THE MUSEUM WHICH INCLUDE THE GIFT SHOP, TWO RESTAURANTS, SPECIAL EVENTS, A LASER RIFLE RANGE, AND A GIANT SCREEN MOVIE THEATER SHOWING THE FOUNDATION'S FEATURE FILM, "WE, THE MARINES". DURING 2023, THE MUSEUM HOSTED 47,504 VIRTUAL AND IN PERSON STUDENTS AND A TOTAL OF 344,652 VISITORS. THE INTERN/SPECIAL ASSISTANT PROGRAMS HAD 15 STAFF MEMBERS WITH SUPPORT TOTALING $471,432, TRAVELING EXHIBITS SUPPORT TOTALED $45,989 , AND MAINTENANCE SUPPORT TOTALED $168,725. TOTAL EXPENSES INCLUDE $5.3M DEPRECIATION ON THE MUSEUM AND HERITAGE CENTER.

Program 2
Expenses: $1,270,291 Revenue: $178,866

OTHER FOUNDATION PROGRAMS INCLUDE SUPPORT FOR ANNUAL NATIONAL HISTORY DAY (NHD) COMPETITIONS, GRANTS FOR USMC HISTORICAL PROJECTS; USMC BAND CONCERTO AND "CALL FOR SCORES" MUSIC COMPETITIONS AND...

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OTHER FOUNDATION PROGRAMS INCLUDE SUPPORT FOR ANNUAL NATIONAL HISTORY DAY (NHD) COMPETITIONS, GRANTS FOR USMC HISTORICAL PROJECTS; USMC BAND CONCERTO AND "CALL FOR SCORES" MUSIC COMPETITIONS AND STAFF ASSISTANCE; EVENTS HONORING SIGNIFICANT DATES IN USMC HISTORY, AND AN ANNUAL AWARDS PROGRAM RECOGNIZING EXEMPLARY WORK THAT FURTHERS THE UNDERSTANDING OF MARINE CORPS HISTORY AND TRADITIONS. GRANTS IN SUPPORT OF NHD TOTALED $3,500. THE AWARDS PROGRAM HAD 17 WINNERS RECEIVING A TOTAL OF $34,00 IN CASH PRIZES. USMC BAND SUPPORT INCLUDED 4 MUSIC COMPETITION CASH PRIZES TOTALING $21,030 AND 1 STAFF MEMBER WITH SUPPORT TOTALING $22,501. SPECIAL PROJECT GRANTS TOTALING $10,507 WERE ISSUED TO 3 RECIPIENTS; AND 3 GRANTS TOTALING $95,525 WERE AWARDED TO THE USMC HISTORICAL COMPANY, UNIVERSITY OF SC EDUCATIONAL FOUNDATION AND TWO LOCAL ELEMENTARY SCHOOLS.

Program 3
Expenses: $171,086

HISTORICAL PROGRAMS INCLUDE SUPPORT FOR THE MARINE CORPS UNIVERSITY HISTORY DIVISION'S INTERNS, RESEARCH GRANTS AND FELLOWSHIPS, AND ACADEMIC DEGREE SCHOLARSHIPS. DURING 2023, 1 EDUCATIONAL GRANTS...

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HISTORICAL PROGRAMS INCLUDE SUPPORT FOR THE MARINE CORPS UNIVERSITY HISTORY DIVISION'S INTERNS, RESEARCH GRANTS AND FELLOWSHIPS, AND ACADEMIC DEGREE SCHOLARSHIPS. DURING 2023, 1 EDUCATIONAL GRANTS WERE AWARDED TOTALING $40,833; AND THE USMC HISTORY DIVISION INTERN / SPECIAL ASSISTANT PROGRAM HAD 2 STAFF MEMBERS WITH SUPPORT TOTALING $82,926.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,905,507
Program Service Revenue $1,000,809
Investment Income $747,448
Other Revenue $8,038
TOTAL REVENUE $9,661,802

Expense Breakdown

Grants Paid $144,858
Salaries & Benefits $2,554,031
Fundraising Expenses $2,795,470
Program Expenses $10,128,017
Other Expenses $11,061,141
TOTAL EXPENSES $14,266,878

Year-over-Year Comparison

2023 2022 Change
Revenue $9,661,802 $9,665,814 0.0%
Expenses $14,266,878 $12,932,013 +0.1%
Net Income $-4,605,076 $-3,266,199 +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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Governance

Voting Members
18
Independent Members
18
Employees
52
Volunteers
18

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
6
$490,397
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEN GARY THOMAS CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOHN K FRENCH VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
RICHARD P MOXLEY SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD HARTNACK TREASURER 1.00
Officer Director
$0 $0 $0
LTCOL DAVID ARMSTRONG DIRECTOR 1.00
Director
$0 $0 $0
B THOMAS FRANA JR DIRECTOR 1.00
Director
$0 $0 $0
COL GF ROBERT HANKE DIRECTOR 1.00
Director
$0 $0 $0
KRISTIN HOUSTON DIRECTOR 1.00
Director
$0 $0 $0
HEATHER ICHORD DIRECTOR 1.00
Director
$0 $0 $0
BRIAN C JONES DIRECTOR 1.00
Director
$0 $0 $0
B TODD JONES DIRECTOR 1.00
Director
$0 $0 $0
SGTMAJ CARLTON KENT DIRECTOR 1.00
Director
$0 $0 $0
LTCOL AJ LAHASZOW DIRECTOR 1.00
Director
$0 $0 $0
STEVE LOGAN DIRECTOR 1.00
Director
$0 $0 $0
SUSAN ROCCO DIRECTOR 1.00
Director
$0 $0 $0
DAVID STULB DIRECTOR 1.00
Director
$0 $0 $0
GEN THOMAS WALDHAUSER DIRECTOR 1.00
Director
$0 $0 $0
MAJGEN BURKE WHITMAN DIRECTOR 1.00
Director
$0 $0 $0
MAJGEN JAMES W LUKEMAN PRESIDENT & CEO 40.00
Officer
$245,785 $17,019 $262,804
JENNIFER VANDERVELD COO 40.00
Officer
$205,130 $22,463 $227,593
HOLLY DEVENDORF CONTROLLER 40.00
Highest
$107,201 $22,970 $130,171
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 No data No data No data No data
2023 $9,661,802 $14,266,878 $114,407,688 $-4,605,076
2022 $9,665,814 $12,932,013 $116,893,125 $-3,266,199
2021 $11,840,546 $12,319,033 $123,200,023 $-478,487
2020 $9,058,402 $12,125,184 $124,739,927 $-3,066,782
2019 $11,737,085 $12,429,447 $128,565,083 $-692,362
2018 $10,914,788 $12,507,437 $130,613,663 $-1,592,649
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