Marion Military Institute Foundation Inc
- Assets
- $38.0m
- Revenue
- $31.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Marion, AL
- Founding
- 08/2008
- Data as of
- 09/2022
- EIN
- 26-0546821
Organization Overview
Marion Military Institute Foundation Inc is located in Marion, AL. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marion Military Institute Foundation Inc 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 09/2022, Marion Military Institute Foundation Inc generated $31.6m in total revenue. All expenses for the organization totaled $1.9m during the year ending 09/2022. While expenses have increased by 13.2% per year over the past 7 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.
Since 2015, Marion Military Institute Foundation Inc has awarded 14 individual grants totaling $9,034,292. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES SUPPORT FOR MARION MILITARY INSTITUTE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR MARION MILITARY INSTITUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward A O'neal Jr Chairman | OfficerTrustee | 2 | $0 |
Suzanne Mckee Executive Director | Officer | 40 | $0 |
Donald Bennett Board Member | Trustee | 1 | $0 |
Bg Vandiver H Carter Usar Ret Board Member | Trustee | 1 | $0 |
E Frances Cheney Board Member | Trustee | 1 | $0 |
James Davidson Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dallas Air Conditioning Heating And Cooling Services | 9/29/18 | $443,914 |
Southern Sash Window And Door Supplier | 9/29/18 | $232,662 |
Swindal Construction Construction | 9/29/18 | $154,652 |
Harper Brothers Construction Construction | 9/29/18 | $103,902 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,352,236 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,352,236 |
| Total Program Service Revenue | $0 |
| Investment income | $213,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,660 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,604,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,731,086 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,369 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,895 |
| All other expenses | -$4,530 |
| Total functional expenses | $1,855,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,448,897 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,907 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,368,456 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,090,762 |
| Total assets | $38,009,022 |
| Accounts payable and accrued expenses | $45,032 |
| Grants payable | $0 |
| Deferred revenue | $58,117 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $204,749 |
| 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 | $307,898 |
| Net assets without donor restrictions | $3,622,104 |
| Net assets with donor restrictions | $34,079,020 |
| 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 | $38,009,022 |
Grants Awarded
Over the last fiscal year, Marion Military Institute Foundation Inc has awarded $2,658,706 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Marion, AL PURPOSE: Assistance to provide for capital improvements and scholarships. | $1,315,353 |
Marion, AL PURPOSE: Assistance to provide for capital improvements and scholarships. | $1,315,353 |
Marion, AL PURPOSE: Assistance to provide general support. | $14,000 |
Marion, AL PURPOSE: Assistance to provide general support. | $14,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Marion Military Institute Foundation Inc has recieved totaling $8,796.
| Awarding Organization | Amount |
|---|---|
Ala Tom Resource Conservation And Development Area Sponsor Orgn Thomasville, AL PURPOSE: EDUCATION | $8,442 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $254 |
Arthur J Gallagher Foundation Rolling Meadows, IL PURPOSE: GENERAL EXEMPT PURPOSE | $100 |
Endowment Analysis
| Beg. Balance | $8,541,819 |
| Earnings | -$1,489,245 |
| Net Contributions | $97,500 |
| Grants | $198,675 |
| Ending Balance | $6,951,399 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Pinellas County Education Foundation Inc Largo, FL | $46,058,719 | $8,082,359 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
Excelsior Academies Inc Miami, FL | $11,544,923 | $8,167,644 |
Mr & Mrs E H Sumners Foundation Jackson, MS | $72,595,869 | $8,309,284 |
Brevard Schools Foundation Inc Viera, FL | $7,221,686 | $4,889,607 |
Knox Education Foundation Knoxville, TN | $6,393,317 | $5,852,579 |
St Georges Independent Schools Foundation Collierville, TN | $31,055,433 | $2,932,779 |