Marine Toys For Tots Foundation
- Assets
- $224.2m
- Revenue
- $379.6m
- Investments
- $36.2m
- Employees
- 26
- Location
- Triangle, VA
- Founding
- 04/2006
- Data as of
- 12/2022
- EIN
- 20-3021444
Organization Overview
Marine Toys For Tots Foundation, operating under the name Toys For Tots Foundation, is located in Triangle, VA. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Toys For Tots Foundation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toys For Tots Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Toys For Tots Foundation generated $379.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $388.3m during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARINE TOYS FOR TOTS FOUNDATION PROVIDED THE LEADERSHIP, ADMINISTRATIVE, ADVISORY, FINANCIAL, LOGISTIC, AND PROMOTIONAL SUPPORT NEEDED FOR THE MARINE TOYS FOR TOTS PROGRAM TO COLLECT AND DISTRIBUTE 24,434,960 MILLION TOYS TO OVER 9.9 MILLION LESS FORTUNATE CHILDREN. THE FOUNDATION WAS ABLE TO BRING THE JOY OF CHRISTMAS AND SEND A MESSAGE OF HOPE TO THESE 9.9 MILLION LESS FORTUNATE CHILDREN IN 833 COMMUNITIES COVERING ALL 50 STATES, THE DISTRICT OF COLUMBIA, PUERTO RICO, AND THE VIRGIN ISLANDS.
THROUGH THE TOYS FOR TOTS LITERACY PROGRAM THE GIFT OF READING WAS BROUGHT TO LESS FORTUNATE CHILDREN ACROSS THE NATION. THE FOUNDATION IN CONCERT WITH THE UPS STORE RAISED DONATIONS AT OVER 2000 UPS STORE LOCATIONS. THE FUNDS RAISED WERE USED TO PURCHASE QUALITY CHILDREN'S BOOKS. THESE PURCHASED BOOKS TOGETHER WITH OTHER DONATED NEW BOOKS ALLOWED MARINES TO DISTRIBUTE BOOKS TO LESS FORTUNATE CHILDREN AND TITLE 1 SCHOOLS.
THE FOUNDATION CONDUCTED AN AGGRESSIVE PUBLIC INFORMATION AND EDUCATION PROGRAM TO ENCOURAGE AMERICANS TO GET INVOLVED IN THE MARINE CORPS PREMIER COMMUNITY ACTION PROGRAM, TOYS FOR TOTS. THIS ANNUAL CAMPAIGN BRINGS COMMUNITIES TOGETHER TO HELP BRING THE JOY OF CHRISTMAS AND SEND A MESSAGE OF HOPE TO AMERICA'S LESS FORTUNATE CHILDREN. THE THOUSANDS OF VOLUNTEERS WHO ASSISTED THE MARINES IN THIS ENDEAVOR MADE A DIFFERENCE IN THE LIVES OF THESE CHILDREN THROUGH THEIR ASSISTANCE IN COLLECTING AND DISTRIBUTING TOYS AND BY THEIR SELFLESS PERSONAL EXAMPLE. THIS COMMUNITY ACTION EFFORT WILL ASSIST AND GUIDE THESE CHILDREN THEREBY HELPING THEM DEVELOP INTO RESPONSIBLE, PRODUCTIVE CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Laster President & CEO | OfficerTrustee | 50 | $375,159 |
Kelley Hardison Deputy Vp, M&d | 40 | $180,792 | |
Matthew D Cooper Secretary/vice President, Operations | Officer | 50 | $177,360 |
Theodore Silvester Vice President, M&d | Officer | 50 | $177,360 |
Matthew Mcdonald It Director | 40 | $124,250 | |
Melanie Turner Corporate Accountant | 40 | $117,720 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southwest Publishing & Mailing Mailshop | 12/30/22 | $2,969,466 |
Resource One Mailshop | 12/30/22 | $2,736,068 |
Creative Direct Response Direct Mail Services | 12/30/22 | $2,256,785 |
The Magnet Group Direct Mail Services | 12/30/22 | $2,194,560 |
Navistar Direct Marketing Llc Direct Marketing Services | 12/30/22 | $1,538,296 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $34,986 |
| Membership dues | $0 |
| Fundraising events | $130,855 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $374,947,728 |
| Noncash contributions included in lines 1a–1f | $298,376,672 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $375,113,569 |
| Total Program Service Revenue | $0 |
| Investment income | $4,246,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $242,967 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$33,292 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $379,587,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $811,234 |
| Compensation of current officers, directors, key employees. | $162,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,464,881 |
| Pension plan accruals and contributions | $133,167 |
| Other employee benefits | $149,965 |
| Payroll taxes | $114,437 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,467 |
| Fees for services: Accounting | $114,813 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,256,785 |
| Fees for services: Investment Management | $559,176 |
| Fees for services: Other | $1,824,274 |
| Advertising and promotion | $0 |
| Office expenses | $15,168,147 |
| Information technology | $88,301 |
| Royalties | $0 |
| Occupancy | $1,193,696 |
| Travel | $1,305,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $767,580 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,384 |
| Insurance | $108,635 |
| All other expenses | $5,236 |
| Total functional expenses | $388,308,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,214,115 |
| Savings and temporary cash investments | $20,843,257 |
| Pledges and grants receivable | $5,488,204 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,911,700 |
| Prepaid expenses and deferred charges | $2,475 |
| Net Land, buildings, and equipment | $4,196,911 |
| Investments—publicly traded securities | $95,333,122 |
| Investments—other securities | $36,243,774 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $224,233,558 |
| Accounts payable and accrued expenses | $6,280,169 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,280,169 |
| Net assets without donor restrictions | $216,292,517 |
| Net assets with donor restrictions | $1,660,872 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $224,233,558 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Marine Toys For Tots Foundation has recieved totaling $25,731.
| Awarding Organization | Amount |
|---|---|
American Legion Chesapeake Beach, MD PURPOSE: Donation | $10,000 |
Scotto Laporte Charitable Foundation Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Awt Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
George And Mary Jo Budig Family Foundation Fort Mitchell, KY PURPOSE: GENERAL OPERATIONS | $2,000 |
Wieland Family Foundation Chicago, IL PURPOSE: GENERAL CONTRIBUTION | $2,000 |
Crist Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED (SEE ATTACHED GENERAL EXPLANATION) | $1,581 |
Endowment Analysis
| Beg. Balance | $224,248,448 |
| Earnings | -$14,977,501 |
| Admin Expense | $559,176 |
| Net Contributions | $13,300,000 |
| Other Expense | $6,343,245 |
| Ending Balance | $215,668,526 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marine Toys For Tots Foundation Triangle, VA | $224,233,558 | $379,587,582 |
Bank Of America Charitable Foundation Inc Charlotte, NC | $249,985,331 | $549,442,310 |
Duke Endowment Charlotte, NC | $3,374,460,396 | $832,404,504 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |