Marines Memorial Foundation
- Assets
- $481.8k
- Revenue
- $523.2k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 06/2012
- Data as of
- 06/2023
- EIN
- 45-5261064
Organization Overview
Marines Memorial Foundation, operating under the name Marines' Memorial Foundation, is located in San Francisco, CA. The organization was established in 2012. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marines' Memorial 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 06/2023, Marines' Memorial Foundation generated $523.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $530.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO HONOR THE LEGACY OF MILITARY SERVICE THROUGH ITS PROGRAMS AND BY ITS DIRECT SUPPORT OF THE MARINES' MEMORIAL ASSOCIATION IN FULFILLING ITS MISSION TO COMMEMORATE THE SACRIFICES OF OUR NATION'S VETERANS, EDUCATE THE PUBLIC ABOUT THOSE SACRIFICES, AND SERVE VETERANS OF ALL ERAS, TO INCLUDE CURRENTLY SERVING MEMBERS OF THE ARMED FORCES AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-PROFIT ENTITIES: THE FOUNDATION HOSTS AND DIRECTLY SUPPORTS A VARIETY OF NON-PROFIT ORGANIZATIONS BOTH LOCAL AND FROM AFAR. THESE ORGANIZATIONS PROVIDE CULTURE AND ENTERTAINMENT OPPORTUNITIES TO EDUCATE AND A LOCATION TO EXPAND THEIR MISSION. FOR EXAMPLE, ANNUAL GOLD STAR PARENTS HONOR AND REMEMBRANCE AT MARINES' MEMORIAL, AN EVENT THAT PROVIDES A SAFE AND COMPASSIONATE ENVIRONMENT WHERE FAMILIES COME TOGETHER TO COMMEMORATE THEIR LOVED ONES KILLED IN ACTION, BOND OVER THEIR SHARED GRIEF, RECEIVE SUPPORT SERVICES AND COUNSELING SPECIFIC TO THEIR CURRENT SITUATION AND BUILD A LASTING COMMUNITY AT LITTLE TO NO COST TO THEM. WHAT STARTED AS A FEW FAMILIES INFORMALLY COMING TOGETHER FOR A REPRIEVE FROM GRIEF HAS GROWN TO MORE THAN 100 GOLD STAR PARENTS AND THEIR CHILDREN PARTICIPATING IN A PROFESSIONAL SUPPORT OFFERING.
OTHER COMMEMORATIVE AND EDUCATIONAL EVENTS. THESE EVENTS INCLUDED MEET THE AUTHOR, LECTURE, AND LEADING FROM THE FRONT SERIES EVENTS. OUR INAUGURAL EVENT OF THE YEAR WAS A MARINES' MEMORIAL LECTURE SERIES FEATURING A PRESENTATION BY FORMER COMMANDANT OF THE MARINE CORPS, GENERAL ROBERT B. NELLER IN AUGUST 2022. THIS EVENT WAS FOLLOWED UP BY AN EDUCATIONAL "MEET THE REAL TOP GUN" EVENT FEATURING TWO F/A-18 PILOTS INSTRUMENTAL IN THE MAKING OF THE MOVIE "TOP GUN, MAVERICK." IN JULY 2022, WE HOSTED THE FIRST OF THREE "MEET THE AUTHOR" EVENTS WITH A PRESENTATION BY DR. STEVEN TROUT, AUTHOR OF "THE VIETNAM VETERANS MEMORIAL AT ANGEL FIRE," FOLLOWED BY A "MEET THE AUTHOR" PANEL IN OCTOBER FEATURING THREE AUTHORS PROMINENT IN THE VETERAN SPACE, FORMER MARINES FRED GALVAN, AMY FORSYTHE, AND SCOT HUESING. AUTHOR PHIL GIOIA TREATED THE ASSOCIATION WITH ANOTHER MEET THE AUTHOR EVENT IN OCTOBER 2023 WITH A PRESENTATION ON HIS VIETNAM MEMOIR, "DANGER CLOSE." DURING THE YEAR, WE WERE FORTUNATE TO HOST THREE "LECTURE SERIES" EVENTS BEGINNING IN JANUARY WITH BRIGADIER GENERAL JASON MORRIS, COMMANDING GENERAL, MARINES RECRUIT DEPOT SAN DIEGO (JANUARY 2023), LIEUTENANT GENERAL GEORGE SMITH, COMMANDING GENERAL, I MARINE EXECUTIONARY FORCE (MARCH 2023), MAJOR GENERAL BENJAMIN WATSON, COMMANDING GENERAL, FIRST MARINE DIVISION (MAY 2023), AND BRIGADIER GENERAL JASON WOODWORTH, COMMANDING GENERAL, MARINE CORPS INSTALLATIONS WETS / MARINE CORPS BASE, CAMP PENDLETON CA (JUNE 2023). ALSO, DURING 2023, THE ASSOCIATION HOSTED TWO "LEADING FROM THE FRONT" SERIES EVENTS WITH IN-PERSON PRESENTATIONS BY DIRECTOR OF THE MOVIE "DEVOTION," JD DILLARD AND HIS FATHER AND FORMER BLUE ANGEL, BRUCE DILLARD, AND ANOTHER BLOCKBUSTER "LEADING FROM THE FRONT" WITH A GIANT OF THE MILITARY VETERAN COMMUNITY, GENERAL DAVID PETRAEUS (JUNE 2023).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Lucas Babbit Usn Chairman | OfficerTrustee | 2 | $0 |
Vice Adm Jody Breckenridge Uscgret Secretary | Trustee | 2 | $0 |
Lt Col Sandy Alderson Usmcret Director | Trustee | 2 | $0 |
Mr Brandford Davis Director | Trustee | 2 | $0 |
Maj Gen Robin Fontes Usaret Director | Trustee | 2 | $0 |
Mr Rick Hartnack Usmc Director | Trustee | 2 | $0 |
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 | $511,917 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $511,917 |
| Total Program Service Revenue | $0 |
| Investment income | $10,039 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $523,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| 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 | $0 |
| 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 | $30,378 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $530,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,956 |
| Savings and temporary cash investments | $433,818 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $481,774 |
| Accounts payable and accrued expenses | $0 |
| 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 | $46,132 |
| Total liabilities | $46,132 |
| Net assets without donor restrictions | -$120,108 |
| Net assets with donor restrictions | $555,750 |
| 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 | $481,774 |