MARINE CORPS ASSOCIATION FOUNDATION

EIN: 800340923 501(c)(3) Arts, Culture & Humanities

QUANTICO, VA

Total Revenue
$2,830,616
Total Expenses
$2,755,109
Total Assets
$1,159,428
Net Assets
$1,050,259
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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
DC
Principal Officer
LTGEN CHARLES CHIAROTTI
Phone
8774696223
Tax Period
2024-01-01 to 2024-12-31

MARINE CORPS ASSOCIATION FOUNDATION, founded in 2009, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE RESOURCES AND SUPPORT TO SUSTAIN AND EXPAND PROGRAMS AND ACTIVITIES ESSENTIAL TO THE MARINE CORPS ASSOCIATION'S (MCA) MISSION BY ENGAGING EVERYONE INSPIRED BY THE MARINE CORPS.

Program Service Accomplishments

Program 1
Expenses: $1,415,508 Revenue: $0

COMMANDERS' FORUMS: THE FOUNDATION PROVIDES FUNDING TO ASSIST COMMANDERS IN DEVELOPING AND PROVIDING FORUM OPPORTUNITIES SPECIFICALLY TAILORED TO ENHANCE THEIR MARINES AND SAILORS' KNOWLEDGE OF THE...

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COMMANDERS' FORUMS: THE FOUNDATION PROVIDES FUNDING TO ASSIST COMMANDERS IN DEVELOPING AND PROVIDING FORUM OPPORTUNITIES SPECIFICALLY TAILORED TO ENHANCE THEIR MARINES AND SAILORS' KNOWLEDGE OF THE MILITARY HISTORICAL AND OPERATIONAL LESSONS AND HOW THOSE CAN BE APPLIED TO CURRENT CHALLENGES. THE FORUMS CAN RANGE FROM PRESENTATIONS AND DISCUSSIONS WITH NOTED AUTHORS AND SCHOLARS TO A CLASSICAL BATTLE STUDY. PARTICIPATION IN THE BATTLE STUDIES WILL HELP PREPARE A UNIT FOR CURRENT OPERATIONS THROUGH THE STUDY OF MILITARY HISTORY. PARTICIPANTS IN BATTLE STUDIES MAY WALK THE GROUND WITH EXPERTS IN ORDER TO BETTER UNDERSTAND THE HISTORY AND LESSONS LEARNED FROM THESE FAMOUS BATTLES AND CAMPAIGNS. IN ADDITION, MCAF ACTIVELY SEEKS TO PROVIDE RELEVANT, PROFESSIONAL MILITARY EDUCATION FOR ACTIVE-DUTY MARINES AND OPPORTUNITIES TO STAY ABREAST OF CURRENT ISSUES. THESE FORUMS FEATURE PROMINENT SPEAKERS, KEY DECISION MAKERS AND SUBJECT MATTER EXPERTS AND OFFER KEY INSIGHTS AND UNIQUE PERSPECTIVES ON CURRENT MILITARY TOPICS. EVENTS ARE HELD AT DIFFERENT LOCATIONS, ALLOWING ACTIVE-DUTY MARINES AND OUR MEMBERS NATIONWIDE THE OPPORTUNITY TO ENHANCE THEIR KNOWLEDGE OF MILITARY ART AND SCIENCE, AND GAIN AN APPRECIATION OF CURRENT ISSUES. IN 2024, NEARLY 9,100 MARINE LEADERS (NONCOMMISSIONED OFFICERS, STAFF NONCOMMISSIONED OFFICERS, AND COMMISSIONED OFFICERS AT MULTIPLE GRADES) PARTICIPATED IN THESE COMMANDERS' FORUMS EVENTS. THE FUNDS PAY FOR SPEAKING FEES, HONORARIUMS, BATTLEFIELD TOUR GUIDES AND OTHER COSTS THAT MARINE UNITS CAN TYPICALLY PAY FOR FROM THEIR OPERATIONS AND MAINTENANCE FUNDING.

Program 2
Expenses: $286,677 Revenue: $16,977

THE MARINE EXCELLENCE AWARDS PROGRAM WAS ESTABLISHED TO RECOGNIZE THE PROFESSIONAL ACHIEVEMENTS OF MARINES AND SAILORS (SERVING IN MARINE CORPS UNITS) AND TO RECOGNIZE SUPERIOR PERFORMANCE IN MARINE...

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THE MARINE EXCELLENCE AWARDS PROGRAM WAS ESTABLISHED TO RECOGNIZE THE PROFESSIONAL ACHIEVEMENTS OF MARINES AND SAILORS (SERVING IN MARINE CORPS UNITS) AND TO RECOGNIZE SUPERIOR PERFORMANCE IN MARINE CORPS OFFICER AND ENLISTED FORMAL SCHOOLS. THESE AWARDS ARE ALSO GIVEN FOR EXCEPTIONAL WRITTEN WORK. AWARDS ARE A VALUABLE INCENTIVE AND AN APPROPRIATE MEANS OF RECOGNIZING MARINES AND SAILORS WHO EXCEL IN THEIR COMMANDS, FORMAL SCHOOLS, AND LEADERSHIP COURSES. MCAF IS THE LARGEST CONTRIBUTOR OF AWARDS GIVEN TO THE U.S. MARINE CORPS. EACH YEAR MCAF GIVES AWARDS TO APPROXIMATELY 3,500 DESERVING MARINES AND SAILORS, 94 PERCENT OF WHICH GO TO ENLISTED MEN AND WOMEN. THESE ARE JUST A FEW OF THE AWARDS GIVEN TO OUTSTANDING MARINES: THE HONOR GRADUATE FROM DRILL INSTRUCTOR SCHOOL, RECRUIT TRAINING AWARDS (HONOR GRADUATE RECRUIT, HIGH SHOOTER AND HIGH PHYSICAL FITNESS TEST), THE BASIC OFFICER TRAINING COURSE HONOR GRADUATE, OFFICER CANDIDATES SCHOOL HONOR GRADUATE, AND STAFF NONCOMMISSIONED OFFICER ACADEMY HONOR GRADUATE). IN 2024, OVER 3,500 MARINES RECEIVED AWARDS RECOGNIZING THEIR EXCELLENT PERFORMANCE AND THEIR CREATIVE AND PERSUASIVE WRITTEN WORK.

Program 3
Expenses: $69,100 Revenue: $0

THE COMMANDERS' UNIT LIBRARY PROGRAM PROVIDES COMMANDERS WITH FUNDS TO ESTABLISH AND SUSTAIN THEIR UNIT PROFESSIONAL LIBRARY WHEN THE UTILIZATION OF APPROPRIATED FUNDS IS NOT PRACTICABLE. THE PROGRAM...

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THE COMMANDERS' UNIT LIBRARY PROGRAM PROVIDES COMMANDERS WITH FUNDS TO ESTABLISH AND SUSTAIN THEIR UNIT PROFESSIONAL LIBRARY WHEN THE UTILIZATION OF APPROPRIATED FUNDS IS NOT PRACTICABLE. THE PROGRAM ALLOWS COMMANDERS TO SELECT BOOKS FROM THE MARINE CORPS COMMANDANT'S PROFESSIONAL READING LIST, WHICH ALL MARINES ARE REQUIRED TO READ DURING THEIR SERVICE IN THE CORPS. THE BOOK LIST CONTAINS TIMELESS MILITARY CLASSICS AS WELL AS RECENT BOOKS ON EMERGING AREAS OF INTEREST IN CURRENT MILITARY OPERATIONS AND CULTURAL UNDERSTANDING. SOME UNITS WITH UNIQUE AND EMERGING CAPABILITIES (E.G. UNMANNED VEHICLES/DRONES, CYBERSPACE OPERATIONS) CAN RECEIVE BOOKS SPECIFIC TO THEIR MISSION. IN 2024, 127 MARINE CORPS UNITS (BATTALIONS, SQUADRONS, REGIMENTS, GROUPS, ETC.) RECEIVED BOOKS TO ENHANCE THEIR UNIT LIBRARIES, MAKING PROFESSIONAL READING AVAILABLE TO OVER 39,000 MARINES. IN TOTAL IN 2024, THE MARINE CORPS ASSOCIATION FOUNDATION SPENT OVER $1,700,000 IN SUPPORT OF APPROXIMATELY 51,000 MARINES.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,778,127
Program Service Revenue $16,977
Investment Income $64,142
Other Revenue $-28,630
TOTAL REVENUE $2,830,616

Expense Breakdown

Grants Paid $1,159,795
Salaries & Benefits $466,623
Fundraising Expenses $802,180
Program Expenses $1,771,285
Other Expenses $1,038,691
TOTAL EXPENSES $2,755,109

Year-over-Year Comparison

2024 2023 Change
Revenue $2,830,616 $2,381,346 +0.2%
Expenses $2,755,109 $2,227,339 +0.2%
Net Income $75,507 $154,007 -0.5%
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
22
Independent Members
21
Employees
N/A
Volunteers
22

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
$456,005
Total Directors
22
$305,465
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LTGEN CHARLES CHIAROTTI USMC (RET), PRESIDENT & CEO 5.50
Officer Director
$43,619 $14,673 $305,465
COL CHRISTOPHER WOODBRIDGEUSMCRET VP OF PUBLISHING & PROFESSIONAL DEV. 4.00
Highest
$16,502 $9,899 $174,915
COL TIM MUNDY USMC RET VP MARINE CORPS ASSN. FOUNDATION 36.00
Highest
$129,995 $8,960 $153,399
LEEANN MITCHELL VP EVENTS SPONSORSHIP & ADVERTISING 4.00
Highest
$15,163 $13,483 $165,108
ANGELA HILLMAN CHIEF FINANCIAL OFFICER 4.00
Officer
$14,233 $8,214 $150,540
LTGEN JOHN A TOOLAN USMC RET CHAIR OF THE BOARD 2.00
Officer Director
$0 $0 $0
JAY S HOLMES USMC VET VICE CHAIR OF THE BOARD 2.00
Officer Director
$0 $0 $0
BRYAN H WOOD SES RET GENERAL COUNSEL 2.00
Officer Director
$0 $0 $0
COL RICHARD T BRADY USMC RET BOARD MEMBER 2.00
Director
$0 $0 $0
LTGEN MARK BRILAKIS USMC RET BOARD MEMBER 2.00
Director
$0 $0 $0
LTGEN JOHN J BROADMEADOW USMC (RET), BOARD MEMBER 2.00
Director
$0 $0 $0
COL ERIC CHASE USMC RET BOARD MEMBER 2.00
Director
$0 $0 $0
MAJ THOMAS CRAIG USMC RET BOARD MEMBER 2.00
Director
$0 $0 $0
LTCOL CHRISTOPHER J DAVIS USMC (RET), BOARD MEMBER 2.00
Director
$0 $0 $0
WILLIAM T EICHHORN USMC VET BOARD MEMBER 2.00
Director
$0 $0 $0
COL CHRISTOPHER ESCAMILLA USMC (RET), BOARD MEMBER 2.00
Director
$0 $0 $0
DR SUSAN JOHNSTON BOARD MEMBER 2.00
Director
$0 $0 $0
MAJGEN JAMES KESSLER USMC (RET), BOARD MEMBER 2.00
Director
$0 $0 $0
COL ROBERT LOVE USMC RET BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL MARTZ USMC VET BOARD MEMBER 2.00
Director
$0 $0 $0
COL JOHN M REED USMC RET BOARD MEMBER 2.00
Director
$0 $0 $0
LTCOL JEFF SPEIGHTS USMC RET BOARD MEMBER 2.00
Director
$0 $0 $0
COL ANDREW O STARR USMC RET BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL A STOCKER BOARD MEMBER 2.00
Director
$0 $0 $0
COL EMILY SWAIN USMC RET BOARD MEMBER 2.00
Director
$0 $0 $0
ARIANA WHITTEMORE SES RET BOARD MEMBER 2.00
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 $2,830,616 $2,755,109 $1,159,428 $75,507
2023 $2,381,346 $2,227,339 $1,079,874 $154,007
2022 $2,003,526 $2,038,561 $977,211 $-35,035
2021 $1,886,618 $1,721,184 $1,086,252 $165,434
2020 $1,616,005 $1,507,757 $820,923 $108,248
2019 $1,597,271 $1,624,619 $650,789 $-27,348
2018 $1,589,862 $1,603,730 $664,123 $-13,868
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