Marine Corps Scholarship Foundation
Marine Corps Scholarship Foundation reported $39.4 million in revenue and $22.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $63.62 went to program services, $13.21 to management and general costs and $23.17 to fundraising. Its largest source of revenue was contributions and grants: 62.1% of the total. The highest compensation it reported for one person was $381,621 (PRESIDENT AND CEO). 14 people received more than $100,000 in reportable compensation. Revenue rose 85% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $22MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $39MOther revenue was negative: −$829K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 63.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 23.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.21 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 62.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $381,621 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.72% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 14 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 96.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 26 of 27 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseFor the 2025-2026 academic year, the Marine Corps Scholarship foundation awarded $12.1 million to 2,886 children of marines and navy corpsmen in all 50 states and overseas.the quality of the students we invest in, children raised by honorable marine parents, is highlighted in their academic accomplishments. They graduate at a rate of 91% (compared to 54% nationally), demonstrating that our investment in their education pays off. With 63% of our recipients reporting little to no debt at graduation (compared to an average student debt of $30,000 upon graduation nationally), we are confident…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND CEO Director/trustee, officer, 37.50 hrs/week | $359,628 | $0 | $21,993 | $381,621 |
| CHIEF FINANCIAL OFFICER Officer, 37.50 hrs/week | $239,650 | $0 | $28,501 | $268,151 |
| CHIEF OPERATING OFFICER Officer, 37.50 hrs/week | $232,654 | $0 | $12,593 | $245,247 |
| CHIEF ADVANCEMENT OFFICER Highest compensated employee, 37.50 hrs/week | $213,603 | $0 | $26,877 | $240,480 |
| CHIEF SCHOLARSHIP OFFICER Highest compensated employee, 37.50 hrs/week | $207,768 | $0 | $20,614 | $228,382 |
| PHILANTHROPY, NATIONAL EVENTS Highest compensated employee, 37.50 hrs/week | $146,938 | $0 | $17,161 | $164,099 |
| DIRECTOR OF NATIONAL EVENTS Highest compensated employee, 37.50 hrs/week | $137,922 | $0 | $16,498 | $154,420 |
| DIRECTOR OF COMMUNICATIONS Highest compensated employee, 37.50 hrs/week | $132,684 | $0 | $16,386 | $149,070 |
14 people received more than $100,000 in reportable compensation from Marine Corps Scholarship Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $910K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b27 · 26 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 537
- Volunteers Part I, line 6279
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| DATOCWITTEN GROUP INC Event management | $509,282 |
| PEBBLE BEACH RESORTS Event space services | $475,943 |
| DATA AXLE Direct & digital marketing program | $430,272 |
| CATAPULT COLLECTIVE LLC Contracted communic. Services | $309,000 |
| BALTIMORE RAVENS LP Advertising & marketing services | $225,000 |
Individuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
82 private foundations reported grants to Marine Corps Scholarship Foundation totaling $2.8M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Marine Corps Scholarship Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Marine Corps Scholarship Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Marine Corps Scholarship Foundation spent in FY2025, $63.62 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Westminster CollegeFulton, MO · revenue $39M · programs 81.7% · FY2025
- University of Alaska FoundationAnchorage, AK · revenue $39M · programs 76.0% · FY2025
- Lehigh Valley Academy Regional Charter SchoolBethlehem, PA · revenue $39M · programs 88.6% · FY2025
- WalkerNeedham, MA · revenue $39M · programs 80.8% · FY2025
- Marlborough SchoolLos Angeles, CA · revenue $39M · programs 85.9% · FY2025
Questions people ask
How much of Marine Corps Scholarship Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Marine Corps Scholarship Foundation reported that 63.6% of its $22.2 million in expenses went to program services, 13.2% to management and general and 23.2% to fundraising (Form 990, Part IX).
How much does Marine Corps Scholarship Foundation pay its top executive?
The largest total compensation Marine Corps Scholarship Foundation reported for one person in the fiscal year ending June 30, 2025 was $381,621, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Marine Corps Scholarship Foundation get its money?
Of $39.4 million in revenue in the fiscal year ending June 30, 2025, 62.1% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Marine Corps Scholarship Foundation a registered charity?
The IRS lists EIN 22-1905062 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641289349302034 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541289349301834 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401349349301530 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341319349304299 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210749349301011 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202130829349300843 · read the filing
All filings for EIN 22-1905062: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.