MARINE CORPS SCHOLARSHIP FOUNDATION INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MARINE CORPS SCHOLARSHIP FOUNDATION INC (EIN 22-1905062)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-07-16
- IRS object ID
- 201231999349300633
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-07-16T15:38:33-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410746749 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 SOUTH QUINCY ST SUITE 150 | AddressLine1 |
| City | ARLINGTON | City |
| State | VA | State |
| ZIP Code | 22206 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 221905062 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARINE CORPS SCHOLARSHIP FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MARI | NameControl |
| Phone | 7035490060 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 909 N WASHINGTON STREET NO 400 | AddressLine1 |
| City | ALEXANDRIA | City |
| State | VA | State |
| ZIP Code | 22314 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARGARET DAVIS | Name |
| Title | PRESIDENT | Title |
| Phone | 7035490060 | Phone |
| Date Signed | 2012-07-17 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KAREN GRIES | Name |
| PTIN | P00078514 | PTIN |
| Phone | 7039985100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MARGARET B DAVIS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 909 N WASHINGTON STREET NO 400 | AddressLine1 |
| City | ALEXANDRIA | City |
| State | VA | State |
| ZIP Code | 22314 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 35876493 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Group Exemption Number | 3414 | GroupExemptionNumber |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MCSF.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1962 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE POST-HIGH SCHOOL SCHOLARSHIPS TO DESERVING SONS AND DAUGHTERS OF MARINES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 31 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 35 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 10788693 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 13865393 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3333193 | InvestmentIncomePriorYear |
| Investment Income Current Year | 758671 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 463818 | OtherRevenuePriorYear |
| Other Revenue Current Year | -156661 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 14585704 | TotalRevenuePriorYear |
| Total Revenue Current Year | 14467403 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4294576 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 4344900 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1430532 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1391680 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 550704 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 463149 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1584218 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1513656 | OtherExpensePriorYear |
| Other Expenses Current Year | 2749132 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 7789468 | TotalExpensesPriorYear |
| Total Expenses Current Year | 8948861 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 6796236 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5518542 | RevenuesLessExpensesCY |
| Total Assets BOY | 42639481 | TotalAssetsBOY |
| Total Assets EOY | 47049780 | TotalAssetsEOY |
| Total Liabilities BOY | 1918991 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3003448 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 40720490 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 44046332 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO PROVIDE POST-HIGH SCHOOL SCHOLARSHIPS TO DESERVING SONS AND DAUGHTERS OF MARINES (BOTH CURRENT AND FORMER). AS THE OLDEST, LARGEST, FINANCIAL NEED-BASED SCHOLARSHIP PROVIDER TO MILITARY CHILDREN, THE FOUNDATION PROVIDES POST-HIGH SCHOOL SCHOLARSHIPS TO SONS AND DAUGHTERS OF MARINES AND NAVY CORPSMEN IN ORDER TO HONOR THE MILITARY SERVICE AND BUILD A STRONGER AMERICA. THE SCHOLARSHIP FOUNDATION HONORS MARINES BY EDUCATING THEIR CHILDREN. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5332988 | Expense |
| Grants | 4344900 | Grants |
| Revenue | 0 | Revenue |
| Description | FOR NEARLY 50 YEARS, THE MARINE CORPS SCHOLARSHIP FOUNDATION HAS HELPED ACCOMPLISH WHAT MANY MARINES CANNOT - ENABLING THEIR CHILDREN TO PURSUE DREAMS OF A COLLEGE EDUCATION. THE FOUNDATION HAS PROVIDED OVER $67 MILLION - IN TODAY'S DOLLARS - IN NEED-BASED SCHOLARSHIPS TO DESERVING SONS AND DAUGHTERS OF OUR MARINES, WITH PARTICULAR ATTENTION GIVEN TO CHILDREN WHOSE PARENT WAS KILLED OR WOUNDED IN ACTION. OVER 27,000 SCHOLARSHIPS HAVE HELPED TO PROVIDE POSITIVE, NEW PATHS FOR THESE YOUNG MEN AND WOMEN, WHILE HONORING OUR NATION'S BRAVE MARINES. | Description |
| Total Program Service Expense | 5332988 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 44 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 35 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 31 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | AL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | HI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NM | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ND | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | RI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | UT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WV | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBIN F KLUNG | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7035490060 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 909 N WASHINGTON STREET NO 400 | AddressLine1 |
| City | ALEXANDRIA | City |
| State | VA | State |
| ZIP Code | 22314 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (45 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| WILLIAM L NYLAND | ||||||||
| CHAIR - EFF. DEC, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| ROBERT MAGNUS | ||||||||
| CHAIR - UNTIL DEC, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| ERIC J CANDELORI | ||||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | |||
| RICHARD C HARTNACK | ||||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | X | ||
| KEVIN N AINSWORTH | ||||||||
| GENERAL COUNSEL - EFF. SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | X | ||
| L MORGAN PORTER | ||||||||
| GENERAL COUNSEL - UNTIL SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | X | ||
| RONALD ARMSTRONG | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| CHARLES W BABCOCK | ||||||||
| DIRECTOR - UNTIL SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| CATHERINE D BARKER | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| GARY J BEBAN | ||||||||
| DIRECTOR - UNTIL SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| RICHARD A BERGEN | ||||||||
| DIRECTOR - EFF. SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| RICHARD BERTEA | ||||||||
| DIRECTOR - UNTIL SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| MATTHEW J CARROLL | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| DEBORAH G CARSTENS | ||||||||
| DIRECTOR - EFF. SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| PETER DEPAOLA | ||||||||
| DIRECTOR - UNTIL SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| H LEE DIXSON | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| DONALD D DROBNY | ||||||||
| DIRECTOR - UNTIL SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| CRAIG J DUCHOSSOIS | ||||||||
| DIRECTOR - EFF. SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| DONALD W FAUL | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| NATHANIEL C FICK | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| PATRICK J FINNERAN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MICHAEL K HAYDE | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JAN C HULY | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| DAVID A JONES | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| CARLTON W KENT | ||||||||
| DIRECTOR - EFF. SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| ROBERT P KUDWA | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| KEVIN B KUKLOK | ||||||||
| DIRECTOR - UNTIL SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| BURRELL H LANDES | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| ROBERT E LUND | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| FREDERICK MCCORKLE | ||||||||
| DIRECTOR - EFF. SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| DENNIS P MORRIS | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MICHAEL P MULQUEEN | ||||||||
| DIRECTOR - UNTIL SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| JOHN M ROUSE | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JOSEPH A RUSSO | ||||||||
| DIRECTOR - UNTIL SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| CHARLES C SCIANNA | ||||||||
| DIRECTOR - EFF. SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| K PATRICK SIRMON | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MARTIN R STEELE | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| SARAH M STOKES | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| GEORGE J TRAUTMAN | ||||||||
| DIRECTOR - EFF. SEPT, 2011 | 1.00 | X | 0 | 0 | 0 | |||
| OWEN O WEST | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MARGARET B DAVIS | ||||||||
| PRESIDENT/CEO | 30.00 | 243220 | 27025 | 13776 | X | |||
| ALAN HAMMER | ||||||||
| SECRETARY | 36.50 | 57411 | 0 | 5302 | X | |||
| ROBIN F KLUNG EFF JULY 2011 | ||||||||
| DIRECTOR OF ACCOUNTING & FINANCE | 30.00 | 51891 | 5766 | 8765 | X | |||
| DAVID ROMLEY UNTIL NOV 2011 | ||||||||
| VICE PRESIDENT, DEVELOPMENT | 30.00 | 131604 | 43868 | 9896 | X | |||
| JULIA M HILL | ||||||||
| DIRECTOR OF SCHOLARSHIP PROGRAMS | 37.50 | 107118 | 0 | 3335 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 591244 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 76659 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 41074 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| VERIS CONSULTING INC | |||||
| 11710 PLAZA AMERICA DR 300 | RESTON | VA | 20190 | ACCOUNTING SERVICES | 296006 |
| CLIFTONLARSONALLEN LLP | |||||
| PO BOX 643637 | CINCINNATI | OH | 45264 | AUDIT/TAX SERVICES | 159360 |
| CONTACT 1 INC | |||||
| 910 SEVENTEENTH ST NW 400 | WASHINGTON | DC | 20006 | EMPLOYEE RECRUITING | 116611 |
| DATOCWITTEN GROUP | |||||
| 13145 APPLEGROVE LN | HERNDON | VA | 20171 | EVENT MANAGEMENT | 115005 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Fundraising Events | 3590135 | FundraisingEvents |
| Related Organizations | 2979691 | RelatedOrganizations |
| All Other Contributions | 7295567 | AllOtherContributions |
| Noncash Contributions | 377817 | NoncashContributions |
| Total Contributions | 13865393 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 643203 | TotalRevenueColumn |
| Exclusion | $643,203 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 20905741 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 20790273 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 115468 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 115468 | TotalRevenueColumn |
| Exclusion | $115,468 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 192069 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 3590135 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 618817 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -426748 | TotalRevenueColumn |
| Exclusion | -$426,748 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MANAGEMENT FEE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 270087 | TotalRevenueColumn |
| Exclusion | $270,087 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 270087 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14467403 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $602,010 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4344900 | Total |
| Program Services | 4344900 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 517806 | Total |
| Program Services | 137674 | ProgramServices |
| Management And General | 225610 | ManagementAndGeneral |
| Fundraising | 154522 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 692177 | Total |
| Program Services | 289407 | ProgramServices |
| Management And General | 162100 | ManagementAndGeneral |
| Fundraising | 240670 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28722 | Total |
| Program Services | 7590 | ProgramServices |
| Management And General | 8963 | ManagementAndGeneral |
| Fundraising | 12169 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72303 | Total |
| Program Services | 26202 | ProgramServices |
| Management And General | 13357 | ManagementAndGeneral |
| Fundraising | 32744 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 80672 | Total |
| Program Services | 28323 | ProgramServices |
| Management And General | 26011 | ManagementAndGeneral |
| Fundraising | 26338 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54586 | Total |
| Program Services | 1665 | ProgramServices |
| Management And General | 6818 | ManagementAndGeneral |
| Fundraising | 46103 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 459517 | Total |
| Management And General | 459517 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 463149 | Total |
| Fundraising | 463149 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 224007 | Total |
| Management And General | 224007 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 388711 | Total |
| Program Services | 102232 | ProgramServices |
| Management And General | 168764 | ManagementAndGeneral |
| Fundraising | 117715 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 722615 | Total |
| Program Services | 201317 | ProgramServices |
| Management And General | 359679 | ManagementAndGeneral |
| Fundraising | 161619 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 191491 | Total |
| Program Services | 36343 | ProgramServices |
| Management And General | 70509 | ManagementAndGeneral |
| Fundraising | 84639 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 106563 | Total |
| Program Services | 28684 | ProgramServices |
| Management And General | 35506 | ManagementAndGeneral |
| Fundraising | 42373 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148567 | Total |
| Program Services | 55298 | ProgramServices |
| Management And General | 59611 | ManagementAndGeneral |
| Fundraising | 33658 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45574 | Total |
| Program Services | 7566 | ProgramServices |
| Management And General | 13955 | ManagementAndGeneral |
| Fundraising | 24053 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 166484 | Total |
| Program Services | 13114 | ProgramServices |
| Management And General | 130695 | ManagementAndGeneral |
| Fundraising | 22675 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 151046 | Total |
| Program Services | 52606 | ProgramServices |
| Management And General | 50379 | ManagementAndGeneral |
| Fundraising | 48061 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15370 | Total |
| Management And General | 15370 | ManagementAndGeneral |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS EXPENSE | Description |
| Total | 74601 | Total |
| Program Services | 67 | ProgramServices |
| Management And General | 804 | ManagementAndGeneral |
| Fundraising | 73730 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8948861 | Total |
| Program Services | 5332988 | ProgramServices |
| Management And General | 2031655 | ManagementAndGeneral |
| Fundraising | 1584218 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4470954 | BOY |
| EOY | 6599325 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5193221 | BOY |
| EOY | 8044994 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3065069 | BOY |
| EOY | 70147 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33345 | BOY |
| EOY | 30597 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 142225 | BOY |
| EOY | 239632 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1534666 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 690570 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 646231 | BOY |
| EOY | 844096 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29071981 | BOY |
| EOY | 31192689 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16455 | BOY |
| EOY | 28300 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42639481 | BOY |
| EOY | 47049780 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 363419 | BOY |
| EOY | 471313 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 365784 | BOY |
| EOY | 347433 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1056261 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1189788 | BOY |
| EOY | 1128441 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1918991 | BOY |
| EOY | 3003448 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4731076 | BOY |
| EOY | 2925560 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14714674 | BOY |
| EOY | 14424299 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21274740 | BOY |
| EOY | 26696473 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40720490 | BOY |
| EOY | 44046332 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42639481 | BOY |
| EOY | 47049780 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 5518542 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -2192700 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 11282103 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 8282489 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6479610 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 10678804 | CurrentTaxYearMinus1Year |
| Current Tax Year | 13865393 | CurrentTaxYear |
| Total | 50588399 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 11282103 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 8282489 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6479610 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 10678804 | CurrentTaxYearMinus1Year |
| Current Tax Year | 13865393 | CurrentTaxYear |
| Total | 50588399 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 5083390 | AmountsSubstContributorsTotal |
| Public Support Total170 | 45505009 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 857200 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1064018 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 679679 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 784537 | CurrentTaxYearMinus1Year |
| Current Tax Year | 758671 | CurrentTaxYear |
| Total | 4144105 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 331 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2177 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 68805 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 153091 | CurrentTaxYearMinus1Year |
| Current Tax Year | 270087 | CurrentTaxYear |
| Total | 494491 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 55226995 | TotalSupport |
| Public Support Pertcentage170 | 0.82400 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.75850 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Included On FS | 1 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 25366522 | BeginningOfYearBalance |
| Contributions | 5520078 | Contributions |
| Investment Earnings Or Losses | -1093788 | InvestmentEarningsOrLosses |
| Other Expenditures | 650234 | OtherExpenditures |
| End Of Year Balance | 29142578 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 21332597 | BeginningOfYearBalance |
| Contributions | 1410869 | Contributions |
| Investment Earnings Or Losses | 3219244 | InvestmentEarningsOrLosses |
| Other Expenditures | 596188 | OtherExpenditures |
| End Of Year Balance | 25366522 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 16365114 | BeginningOfYearBalance |
| Contributions | 2247163 | Contributions |
| Investment Earnings Or Losses | 3722349 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 10077 | GrantsOrScholarships |
| Other Expenditures | 5740122 | OtherExpenditures |
| End Of Year Balance | 16584427 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15705565 | BeginningOfYearBalance |
| Contributions | 1717002 | Contributions |
| Investment Earnings Or Losses | -365523 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 691930 | GrantsOrScholarships |
| End Of Year Balance | 16365114 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.87350 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.12650 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 620070 | OtherCostOrOtherBasis |
| Depreciation | 266868 | Depreciation |
| Book Value | 353202 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 307528 | OtherCostOrOtherBasis |
| Depreciation | 16613 | Depreciation |
| Book Value | 290915 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 607068 | OtherCostOrOtherBasis |
| Depreciation | 407089 | Depreciation |
| Book Value | 199979 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 844096 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| AMOUNTS HELD FOR OTHERS | $401,694 |
| OBLIGATIONS UNDER CHARITABLE TRUSTS | $726,747 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1128441 | TotalOfAmounts |
| Total Revenue | 14467403 | TotalRevenue |
| Total Expenses | 8948861 | TotalExpenses |
| Excess Or Deficit For Year | 5518542 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -2192700 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -2192700 | TotalAdjustments |
| Excess Or Deficit Per FS | 3325842 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 14392452 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -2192700 | NetUnrealizedGainsInvestments |
| Other Revenues | 5321447 | OtherRevenues |
| Revenue Not Rptd F990 | 3128747 | RevenueNotRptdF990 |
| Revenue Subtotal | 11263705 | RevenueSubtotal |
| Investment Expenses Not Included | 224007 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 2979691 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 3203698 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 14467403 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 11066609 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 2341755 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 2341755 | ExpensesNotRptdF990 |
| Expenses Subtotal | 8724854 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 224007 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 224007 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 8948861 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | AMOUNTS HELD FOR OTHERS REPRESENT FUNDS NOT CONTROLLED BY THE FOUNDATION AND HELD IN A CUSTODIAL CAPACITY ON BEHALF OF OTHERS. THE AMOUNTS HELD FOR OTHERS RELATE TO A REVOLVING LOW-INTEREST LOAN FUND ESTABLISHED BY COLONEL WALTER AND ELEANOR SHORT FOR NEEDY UNDERGRADUATE STUDENTS ENROLLED IN NROTC, MECEP AND PLC PROGRAMS, WHO ARE COMPLETING PRE-COMMISSIONING REQUIREMENTS TO BECOME MARINE OFFICERS. THE FOUNDATION DOES NOT CONTROL THE DISBURSEMENTS OF THESE FUNDS. TO DATE, NO LOANS HAVE BEEN MADE. INVESTMENTS AND CASH EQUIVALENTS AT DECEMBER 31, 2011 AND 2010 INCLUDE $401,694 AND $393,475, RESPECTIVELY, REPRESENTING THE PRINCIPAL OF APPROXIMATELY $109,000 AND APPRECIATION OF $292,694 AND $284,475, RESPECTIVELY, ON THE SHORT FUND. | |
| PART V, LINE 4: | THE FOUNDATION'S ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIP AWARDS TO THOSE STUDENTS WHO ARE CHILDREN OF PERSONS WHO SERVED IN THE U.S. MARINE CORPS, WHO APPLY AND QUALIFY ACCORDING TO THE REQUIREMENTS AS SET BY THE FOUNDATION'S POLICY. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | THE FOUNDATION ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2009. THE FOUNDATION EVALUATED ITS TAX POSITIONS AND DETERMINED THAT ITS POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. THE FOUNDATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE FISCAL YEARS 2009 THROUGH 2011 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| REVENUE INCLUDED IN RETURN OF SUBORDINATE GROUP 4,702,630. FUNDRAISING EVENT EXPENSES 618,817. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| CONTRIBUTION FROM SUBORDINATE ORGANIZATIONS 2,979,691. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| EXPENSES INCLUDED IN RETURN OF SUBORDINATE GROUP 1,722,938. EXPENSES OF INTERNAL EVENTS NETTED AGAINST REVENUE 618,817. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation (5 entries)
| Name Of IndividualNameOfIndividual | Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | ActivityActivity | Fundraiser Control Of FundsFundraiserControlOfFunds | Gross ReceiptsGrossReceipts | Amount Retained By ContractorAmountRetainedByContractor | Net To OrganizationNetToOrganization |
|---|---|---|---|---|---|---|---|---|---|
| (no name) | |||||||||
| GORDON C JAMES | 4715 N 32ND STREET SUITE 104 | PHOENIX | AZ | 85018 | EVENT MANAGEMENT | 0 | 1265312 | 56343 | 1208969 |
| PATRICIA J HURLEY & ASSOCIATES | |||||||||
| 205 W WACKER DRIVE SUITE 1400 | CHICAGO | IL | 60606 | EVENT MANAGEMENT | 0 | 1155986 | 66623 | 1089363 | |
| EVENTS PLUS | |||||||||
| 1413 WHISPERING PINES 3 | HOUSTON | TX | 77055 | EVENT MANAGEMENT | 0 | 738375 | 29986 | 708389 | |
| DATOCWITTEN GROUP | |||||||||
| 13145 APPLEGROVE LANE | HERNDON | VA | 20171 | EVENT MANAGEMENT | 0 | 422195 | 115005 | 307190 | |
| AMERGENT | |||||||||
| 9 CENTENNIAL DRIVE | PEABODY | MA | 01960 | DIRECT MAIL PROGRAM | 0 | 386241 | 316237 | 70004 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 3968109 | TotalGrossReceipts |
| Total Retained By Contractors | 584194 | TotalRetainedByContractors |
| Total Net To Organization | 3383915 | TotalNetToOrganization |
| Licensed States | AL | LicensedStates |
| Licensed States | AK | LicensedStates |
| Licensed States | AZ | LicensedStates |
| Licensed States | AR | LicensedStates |
| Licensed States | CA | LicensedStates |
| Licensed States | CO | LicensedStates |
| Licensed States | CT | LicensedStates |
| Licensed States | FL | LicensedStates |
| Licensed States | GA | LicensedStates |
| Licensed States | HI | LicensedStates |
| Licensed States | IL | LicensedStates |
| Licensed States | KS | LicensedStates |
| Licensed States | KY | LicensedStates |
| Licensed States | ME | LicensedStates |
| Licensed States | MD | LicensedStates |
| Licensed States | MA | LicensedStates |
| Licensed States | MI | LicensedStates |
| Licensed States | MN | LicensedStates |
| Licensed States | MS | LicensedStates |
| Licensed States | MO | LicensedStates |
| Licensed States | NH | LicensedStates |
| Licensed States | NJ | LicensedStates |
| Licensed States | NM | LicensedStates |
| Licensed States | NY | LicensedStates |
| Licensed States | NC | LicensedStates |
| Licensed States | ND | LicensedStates |
| Licensed States | OH | LicensedStates |
| Licensed States | OK | LicensedStates |
| Licensed States | OR | LicensedStates |
| Licensed States | PA | LicensedStates |
| Licensed States | RI | LicensedStates |
| Licensed States | SC | LicensedStates |
| Licensed States | TN | LicensedStates |
| Licensed States | UT | LicensedStates |
| Licensed States | VA | LicensedStates |
| Licensed States | WA | LicensedStates |
| Licensed States | WV | LicensedStates |
| Licensed States | WI | LicensedStates |
| Licensed States | DE | LicensedStates |
| Licensed States | IA | LicensedStates |
| Licensed States | ID | LicensedStates |
| Licensed States | IN | LicensedStates |
| Licensed States | LA | LicensedStates |
| Licensed States | MT | LicensedStates |
| Licensed States | NE | LicensedStates |
| Licensed States | NV | LicensedStates |
| Licensed States | SD | LicensedStates |
| Licensed States | TX | LicensedStates |
| Licensed States | VT | LicensedStates |
| Licensed States | WY | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | ARIZONA AWARDS DINNER | NameOfEvent1 |
| Gross Receipts Event1 | 1265312 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 1249313 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 15999 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 5349 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 0 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 66205 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 0 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 149086 | OtherDirectExpensesEvent1 |
| Name Of Event2 | CHICAGO DINNER | NameOfEvent2 |
| Gross Receipts Event2 | 1155986 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 1086986 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 69000 | GrossRevenueEvent2 |
| Cash Prizes Event2 | 0 | CashPrizesEvent2 |
| Non Cash Prizes Event2 | 3000 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 0 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 55448 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 325 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 44869 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 4 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 1360906 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 1253836 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 107070 | GrossRevenueOtherEvents |
| Cash Prizes Other Events | 0 | CashPrizesOtherEvents |
| Non Cash Prizes Other Events | 3165 | NonCashPrizesOtherEvents |
| Rent Facility Costs Other Events | 4400 | RentFacilityCostsOtherEvents |
| Food And Beverage Other Events | 106552 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 776 | EntertainmentOtherEvents |
| Other Direct Expenses Other Events | 179642 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 3782204 | GrossReceiptsTotal |
| Charitable Contributions Total | 3590135 | CharitableContributionsTotal |
| Gross Revenue Total Events | 192069 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 11514 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 4400 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 228205 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 1101 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 373597 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 618817 | DirectExpenseSummaryEvents |
| Net Income Summary | -426748 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIP AWARDS | TypeOfGrant |
| Number Of Recipients | 1636 | NumberOfRecipients |
| Amount Of Cash Grant | 4344900 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Method Of Valuation | N/A | MethodOfValuation |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: STUDENTS APPLY FOR THE SCHOLARSHIPS AND A POINT SYSTEM IS USED TO DETERMINE THE AWARD AMOUNT TO EACH STUDENT. STUDENTS MUST PROVIDE INFORMATION TO THE ORGANIZATION INCLUDING TRANSCRIPTS, BILLS FROM THE COLLEGES, AND A STATEMENT OF USE. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARGARET B DAVIS | |||||||||||||
| 204036 | 22671 | 39060 | 4340 | 124 | 14 | 11358 | 0 | 2418 | 0 | 256996 | 27025 | 0 | 0 |
| DAVID ROMLEY UNTIL NOV 2011 | |||||||||||||
| 115924 | 38641 | 10875 | 3625 | 4805 | 1602 | 6985 | 0 | 2911 | 0 | 141500 | 43868 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 4A | ReturnReference |
| Explanation | DAVID ROMLEY - SEVERANCE - TOTAL OF $6,352 -- $4,764 FROM THE FILING ORGANIZATION (PARENT) AND $1,588 FROM THE RELATED ORGANIZATION (GROUP) | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 10 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 377817 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | STOCK MARKET QUOTES | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | STOCK CONTRIBUTIONS THROUGH EVENTS THAT USE THIRD PARTY SOLICITORS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE BOARD OF DIRECTORS, BY RESOLUTION ADOPTED BY A MAJORITY OF THE ENTIRE BOARD, SHALL APPOINT FROM AMONG THE DIRECTORS AN EXECUTIVE COMMITTEE (WHICH SHALL INCLUDE COMPENSATION AMONG ITS FUNCTIONS), AND FROM AMONG THE DIRECTORS AND, IN THE BOARD'S SOLE DISCRETION, PERSONS WHO ARE NOT DIRECTORS, A CORPORATE GOVERNANCE COMMITTEE (WHICH SHALL INCLUDE NOMINATIONS AMONG ITS FUNCTIONS), A SCHOLARSHIP COMMITTEE, A DEVELOPMENT COMMITTEE, AN INVESTMENT COMMITTEE, AND AN AUDIT COMMITTEE (WHICH SHALL INCLUDE FINANCE AMONG ITS FUNCTIONS). DIRECTORS SHALL COMPRISE A MAJORITY OF ANY SUCH STANDING COMMITTEE TO WHICH PERSONS WHO ARE NOT DIRECTORS MAY BE APPOINTED. THE BOARD, IN ITS SOLE DISCRETION, MAY ALSO APPOINT FROM AMONG THE DIRECTORS AND PERSONS WHO ARE NOT DIRECTORS ONE OR MORE OTHER COMMITTEES, EACH OF WHICH SHALL HAVE ONE OR MORE COMMITTEE MEMBERS INCLUDING AT LEAST ONE DIRECTOR. THE NUMBER OF DIRECTORS TO BE APPOINTED TO THE EXECUTIVE COMMITTEE SHALL NOT EXCEED TEN AND SHALL INCLUDE THE CHAIRMAN, THE VICE CHAIRMAN OR, IF THERE IS MORE THAN ONE, THE VICE CHAIRMAN DESIGNATED TO SUCCEED THE CHAIRMAN IN HIS OR HER ABSENCE, THE PRESIDENT, THE CHAIR OF EACH OF THE OTHER STANDING COMMITTEES, THE TREASURER AND THE GENERAL COUNSEL. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE FULL AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION. ALL OTHER COMMITTEES, TO THE EXTENT PROVIDED IN THEIR RESPECTIVE ENABLING RESOLUTIONS AND NOT RESTRICTED BY LAW, SHALL HAVE AND EXERCISE SUCH AUTHORITY AS THE BOARD OF DIRECTORS SHALL PRESCRIBE IN THE MANAGEMENT OF THE CORPORATION. THE DESIGNATION OF ANY COMMITTEE, WHETHER UNDER THESE BYLAWS OR BY RESOLUTION ADOPTED BY THE BOARD, AND THE DELEGATION THERETO OF AUTHORITY SHALL NOT OPERATE TO RELIEVE THE BOARD OF DIRECTORS, OR ANY INDIVIDUAL DIRECTOR, OF ANY RESPONSIBILITY IMPOSED ON IT, HIM, OR HER BY LAW. | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE FOUNDATION HAS ONLY ONE CLASS OF MEMBERSHIP. NO PERSON MAY BE DENIED MEMBERSHIP ON THE BASIS OF SEX, RACE, CREED, AGE, COLOR, NATIONAL ORIGIN, OR ANY OTHER ILLEGALLY DISCRIMINATORY BASIS. AN APPLICANT FOR MEMBERSHIP SHALL, UPON HAVING FILED WITH THE FOUNDATION A SIGNED WRITTEN DOCUMENT EXPRESSING HIS OR HER INTEREST IN PROMOTING THE PURPOSES OF THE FOUNDATION AND ABSENT GOOD CAUSE FOR DENIAL, BE ACCEPTED AS A MEMBER. | |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER SHALL BE ENTITLED TO CAST ONE VOTE FOR EACH DIRECTOR TO BE ELECTED IN ANY ELECTION OF DIRECTORS AND FOR THE REMOVAL OF ANY DIRECTOR. NO MEMBER SHALL HAVE THE RIGHT TO VOTE ON ANY OTHER MATTER. | |
| FORM 990, PART VI, SECTION B, LINE 11 | GENERAL COUNSEL REVIEWS THE 990 ON BEHALF OF THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD MEMBERS ARE REQUIRED TO READ THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. THEY MUST SIGN THAT THEY READ IT AND THEN COMPLETE A FORM THAT LISTS ANY CONFLICTS. THERE ARE PERIODIC REVIEWS TO ENSURE COMPLIANCE. AT SUCH TIME AS ANY MATTER COMES BEFORE THE BOARD IN SUCH A WAY AS TO GIVE RISE TO A CONFLICT OF INTEREST, THE INTERESTED OFFICER, IF ATTENDING THE MEETING, OR DIRECTOR SHALL MAKE KNOWN THE POTENTIAL CONFLICT, WHETHER OR NOT DISCLOSED BY HIS OR HER WRITTEN STATEMENT, AND AFTER ANSWERING ANY QUESTIONS THAT MIGHT BE ASKED OF SUCH OFFICER OR DIRECTOR, HE OR SHE SHALL WITHDRAW FROM THE MEETING FOR SO LONG AS THE MATTER SHALL CONTINUE UNDER DISCUSSION. SHOULD THE MATTER BE BROUGHT TO A VOTE, NEITHER THE INTERESTED DIRECTOR NOR ANY OTHER DIRECTOR HAVING A PECUNIARY BENEFIT TRANSACTION WITH THE FOUNDATION SHALL VOTE ON IT. A TWO-THIRDS (66 2/3%) VOTE OF THE ENTIRE BOARD IS REQUIRED TO AUTHORIZE ANY TRANSACTION OR OTHER MATTER IN WHICH AN OFFICER OR DIRECTOR HAS A POTENTIAL CONFLICT OF INTEREST. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. | |
| FORM 990, PART VI, SECTION B, LINE 15 | CONSULTATION WITH HR CONSULTANT WHO PROVIDED A SALARY SURVEY OF COMPARABLE SIZED NPOS NATIONALLY AND IN THE DC AREA, INCLUDING INFORMATION OBTAINED FROM A SPECIALIST IN CEO COMPENSATION. CONSULTATION OF MARKET DATA PROVIDED BY HR CONSULTANT AND PROFESSIONALS IN THE FIELD COUPLED WITH SCOPE AND DEMANDS OF THE JOB, DIRECTLY TO THE BOARD VICE-CHAIR. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2011 FOR THE PRESDIENT/CEO, MARGARET B. DAVIS. CONSULTATION WITH HR CONSULTANT, WHICH INCLUDES SALARY SURVEYS FOR RESPECTIVE POSITIONS AND/OR INTERVIEWS OF OTHER SIMILAR NPOS, AND CONSULTATION WITH EXECUTIVE RECRUITERS REGARDING THEIR RECOMMENDED SALARY BASED ON NATURE AND DUTIES OF THE POSITION FOR ALL OTHER OFFICERS AND KEY EMPLOYEES. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2010 FOR THE DIRECTOR OF ACCOUNTING & FINANCE, ROBIN F. KLUNG. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION PUBLISHES AN ANNUAL REPORT THAT INCLUDES FINANCIAL DATA THAT IS POSTED ON THE WEBSITE. THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST STATEMENT ARE AVAILABLE UPON REQUEST. | |
| FORM 990, PART VII, SECTION A | THE OFFICERS/BOARD MEMBERS SERVED ON MARINE CORPS SCHOLARSHIP FOUNDATION (GROUP) DO NOT RECEIVE COMPENSATION. THEY ARE TO RECEIVE COMPENSATION FROM MARINE CORPS SCHOLARSHIP FOUNDATION (PARENT) ONLY. ALL DIRECTORS DEVOTED ONE HOUR TO EACH ENTITY, MARINE CORPS SCHOLARSHIP FOUNDATION (PARENT) AND MARINE CORPS SCHOLARSHIP FOUNDATION (GROUP). ALL OFFICERS/HIGHEST COMPENSATED EMPLOYEE DEVOTED THE FOLLOWING HOURS TO EACH ENTITY: - MARGARET DAVIS, PRESIDENT/CEO - 30 HOURS/MARINE CORPS SCHOLARSHIP FOUNDATION (PARENT), 7.5 HOURS/MARINE CORPS SCHOLARSHIP FOUNDATION (GROUP) - ALAN HAMMER, SECRETARY - 36.5 HOURS/MARINE CORPS SCHOLARSHIP FOUNDATION (PARENT), 1 HOUR/MARINE CORPS SCHOLARSHIP FOUNDATION (GROUP) - ROBIN F. KLUNG, DIRECTOR OF ACCOUNTING & FINANCE - 30 HOURS/MARINE CORPS SCHOLARSHIP FOUNDATION (PARENT), 7.5 HOURS/MARINE CORPS SCHOLARSHIP FOUNDATION (GROUP) - DAVID ROMLEY, VP - 30 HOURS/MARINE CORPS SCHOLARSHIP FOUNDATION (PARENT), 7.5 HOURS/MARINE CORPS SCHOLARSHIP FOUNDATION (GROUP) | EXPLANATION FOR HOURS WORKED |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -2,192,700. | CHANGES IN NET ASSETS OR FUND BALANCES: |