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Marine Corps Heritage Foundation

Triangle, VA · EIN 26-0803466 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Marine Corps Heritage Foundation reported $11.1 million in revenue and $15.5 million in expenses for calendar year 2024. Of every $100 it spent, $71.81 went to program services, $8.77 to management and general costs and $19.42 to fundraising. Its largest source of revenue was contributions and grants: 83.7% of the total. The highest compensation it reported for one person was $268,086 (PRESIDENT & CEO). 2 people received more than $100,000 in reportable compensation. Revenue fell 6% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $15M

For context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $11M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 3,614 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
71.8%87.2%
Management & general
Part IX 25(C) ÷ 25(A)
8.8%11.4%
Fundraising
Part IX 25(D) ÷ 25(A)
19.4%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.32$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
83.7%20.6%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%2.4%
Program service revenue share
Part VIII 2g ÷ 12
9.6%70.8%
Highest reported compensation
Part VII-A, columns D–F
$268,086$274,992
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.73%1.18%
People paid over $100,000
Part VII, line 2
26
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
84.16.9
Independent voting board members
Part VI 1a–1b
18 of 18100.0%

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

2024 · Form 990, Part III · the three largest programs by expense
$9.6M expenses · 86.8% of program spending · revenue $873K

Programs for the national museum of the Marine Corps include support for museum collections/exhibits, artwork, educational programs, community outreach efforts, a volunteer docent program, payroll support for interns and special assistants, marketing, and heritage center property/grounds maintenance. The foundation conducts all retail operations within the museum which include the gift shop, two restaurants, special events, a laser rifle range, and a giant screen movie theater showing the foundation's feature film, "we, the marines". During 2024, the museum hosted 35,252 virtual and in person…

$1.4M expenses · 12.2% of program spending · grants $106K · revenue $186K

Other foundation programs include support for annual national history day (nhd) competitions, grants for usmc historical projects; usmc band concerto and "call for scores" music competitions and staff assistance; events honoring significant dates in usmc history, and an annual awards program recognizing exemplary work that furthers the understanding of Marine Corps history and traditions. Grants in support of nhd totaled $4,050. The awards program had 22 winners receiving a total of $32,000 in cash prizes. Usmc band support included 1 music competition cash prizes totaling $24,055 and 1 staff…

$110K expenses · 1.0% of program spending

Historical programs include support for the Marine Corps university history division's interns, research grants and fellowships, and academic degree scholarships. During 2024, 1 educational grant was awarded totaling $40,833; and the usmc history division intern / special assistant program had 4 staff members with support totaling $65,711

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT & CEO
Officer, 40.00 hrs/week
$250,788$0$17,298$268,086
COO
Officer, 40.00 hrs/week
$216,133$0$28,325$244,458

2 people received more than $100,000 in reportable compensation from Marine Corps Heritage Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $513K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M201920202021202220232024$11M$15M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$11M$15M71.8%$108M$268,086
2023 ⓘ$9.7M$14M71.0%$112M$262,804
2022 ⓘ$9.7M$13M70.5%$114M$258,786
2021 ⓘ$12M$12M72.0%$120M$243,289
2020 ⓘ$9.1M$12M73.0%$120M$274,804
2019 ⓘ$12M$12M74.8%$122M$237,821

Governance answers, as filed

2024 · 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–1b18 · 18 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 14bNo
  • Employees Part I, line 550
  • Volunteers Part I, line 618

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
CONSIGLI CONSTRUCTION
Construction
$3,019,389
DIRECT MAIL SOLUTIONS
Fundraising
$832,482
LAUTMAN MASKA NEILL & COMPANY
Fundraising
$601,590
WUNDERMAN THOMPSON LLC
Consulting
$548,464

Individuals listed as contractors are left out. 16 contractors were paid more than $100,000 in all.

Private foundation grants it received

29 private foundations reported grants to Marine Corps Heritage Foundation totaling $1.1M 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 Heritage 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 Heritage Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All human services charities · Largest charities in Virginia

Questions people ask

How much of Marine Corps Heritage Foundation's spending goes to programs?

In calendar year 2024, Marine Corps Heritage Foundation reported that 71.8% of its $15.5 million in expenses went to program services, 8.8% to management and general and 19.4% to fundraising (Form 990, Part IX).

How much does Marine Corps Heritage Foundation pay its top executive?

The largest total compensation Marine Corps Heritage Foundation reported for one person in calendar year 2024 was $268,086, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Marine Corps Heritage Foundation get its money?

Of $11.1 million in revenue in calendar year 2024, 83.7% came from contributions and grants and 9.6% from program service revenue (Form 990, Part VIII).

Is Marine Corps Heritage Foundation a registered charity?

The IRS lists EIN 26-0803466 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

  • 2024: Form 990 for calendar year 2024, object 202532899349301023 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202413109349300436 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343109349300004 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202203119349303190 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202141799349300149 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202042119349300714 · read the filing

All filings for EIN 26-0803466: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.