Marine Corps University Foundation Inc

Organization Overview

Marine Corps University Foundation Inc is located in Quantico, VA. The organization was established in 1980. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, Marine Corps University Foundation Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Corps University 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 12/2021, Marine Corps University Foundation Inc generated $2.3m 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 (13.9%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Marine Corps University Foundation Inc has awarded 12 individual grants totaling $4,223,613. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE PART III, LINE 1.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION SUPPLEMENTED EXISTING MARINE CORPS UNIVERSITY PROGRAMS BY PROVIDING ADDITIONAL RESOURCES FOR A WIDE RANGE OF PROGRAMS FOR WHICH GOVERNMENT FUNDING IS NOT AVAILABLE. ADDITIONALLY, THE FOUNDATION PROVIDED RESOURCES TO MARINE UNITS AROUND THE WORLD TO SUPPORT PROFESSIONAL MILITARY EDUCATIONAL AND LEADERSHIP OPPORTUNITIES FOR WHICH GOVERNMENT FUNDING IS NOT AVAILABLE. ALL GRANTS AND ALLOCATIONS WERE EXPENDED IN SUPPORT OF THE FOUNDATION'S EXEMPT PURPOSE.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Richard P Mills
President & CEO & Chairman
$150,000
James G Lacey
Academic Chair
$142,000
Jon Sachrison
COO
$105,749
Harry Lee Crisp III
Treasurer
$0
Kim T Adamson
Secretary
$0
Christopher G Oprison
General Counsel
$0

Financial Statements

Statement of Revenue
Federated campaigns$3,132
Membership dues$39,500
Fundraising events$25,429
Related organizations$0
Government grants $467,986
All other contributions, gifts, grants, and similar amounts not included above$769,420
Noncash contributions included in lines 1a–1f $39,404
Total Revenue from Contributions, Gifts, Grants & Similar$1,305,467
Total Program Service Revenue$0
Investment income $108,234
Tax Exempt Bond Proceeds $0
Royalties $613
Net Rental Income $0
Net Gain/Loss on Asset Sales $911,063
Net Income from Fundraising Events -$8,443
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,319,011

Grants Awarded

Over the last fiscal year, Marine Corps University Foundation Inc has awarded $1,074,891 in support to 3 organizations.

Grant RecipientAmount

MARINE CORPS UNIVERSITY

PURPOSE: PROFESSIONAL MILITARY LEADERSHIP AND EDUCATION

$1,056,665

TRAINING AND EDUCATION COMMAND

PURPOSE: PROFESSIONAL MILITARY LEADERSHIP AND EDUCATION

$9,145

COMMAND SUPPORT PROGRAM

PURPOSE: PROFESSIONAL MILITARY LEADERSHIP AND EDUCATION

$9,081
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Marine Corps University Foundation Inc has recieved totaling $105,000.

Awarding OrganizationAmount
Timothy T Day Foundation Inc

Phoenix, AZ

PURPOSE: EDUCATION

$105,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,294,351
Earnings$991,093
Net Contributions$8,437
Other Expense$262,242
Ending Balance$8,031,639

Create an account to unlock the data you need.

or