MARINE CORPS SCHOLARSHIP FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

MARINE CORPS SCHOLARSHIP FOUNDATION INC

EIN 22-1905062 · Education (B82Z)

What they do

SEE SCHEDULE OTHE MARINE CORPS SCHOLARSHIP FOUNDATION is THE NATIONS OLDEST and LARGEST PROVIDER of NEED-BASED SCHOLARSHIPS to MILITARY CHILDREN. FOUNDED IN 1962, THE MARINE CORPS SCHOLARSHIP FOUNDATION PROVIDES ACCESS to EDUCATION for THE CHILDREN of MARINES, NAVY CORPSMEN, and RELIGIOUS PROGRAM SPECIALISTS ATTENDING POST-HIGH SCHOOL, UNDERGRADUATE, and CAREER TECHNICAL EDUCATION PROGRAMS. THROUGHOUT OUR HISTORY, WE HAVE AWARDED MORE THAN 60,000 SCHOLARSHIPS VALUED AT MORE THAN $235 MILLION. EVERY QUALIFIED STUDENT WHO HAS APPLIED HAS RECEIVED AID.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $63.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders39 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

35.88%of revenue went to mission work63.6% of expenses · Program services

13.07%of revenue went to fundraising23.2% of expenses

$56.39spent for every $100 of revenueRevenue covered expenses this year.

7.45%of revenue went to management and office costs13.2% of expenses

$8.75in assets for every $1 spent this yearSome assets cannot be spent right away.

62.1%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $381,621 for EDWARD PROBERT (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$39,359,324

Mission workProgram services$14,120,23335.88% of revenue63.6% of expenses

ManagementOffice and general costs$2,930,7027.45% of revenue13.2% of expenses

FundraisingAsking for donations$5,142,63613.07% of revenue23.2% of expenses

Revenue left after expensesReported annual surplus$17,165,75343.61% of revenueShown in gray on the chart

Total expenses$22,193,57156.39% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 63.6% mission · 13.2% management · 23.2% fundraisingTotal expenses: 56.39% of revenue

2023Expense mix: 67.0% mission · 11.3% management · 21.7% fundraisingTotal expenses: 98.82% of revenue

2022Expense mix: 66.5% mission · 10.3% management · 23.2% fundraisingTotal expenses: 85.72% of revenue

2021Expense mix: 69.3% mission · 8.0% management · 22.7% fundraisingTotal expenses: 46.10% of revenue

2020Expense mix: 70.7% mission · 8.9% management · 20.4% fundraisingTotal expenses: 44.46% of revenue

2019Expense mix: 66.2% mission · 8.9% management · 24.9% fundraisingTotal expenses: 69.87% of revenue

2018Expense mix: 64.6% mission · 10.2% management · 25.3% fundraisingTotal expenses: 84.63% of revenue

2017Expense mix: 64.6% mission · 11.5% management · 23.9% fundraisingTotal expenses: 45.20% of revenue

Money in and money out

Revenue$39,359,324

Expenses$22,193,571

Annual surplus $17,165,753 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$14,120,233 · 63.6% of expenses

Management and office costs$2,930,702 · 13.2% of expenses

Fundraising$5,142,636 · 23.2% of expenses

See all reported dollar amounts

Revenue$39,359,324

Expenses$22,193,571

Assets$194,122,792

Income$97,425,280

Contributions$24,454,856

Mission work (program services)$14,120,233

Fundraising$5,142,636

Management and general$2,930,702

Executive compensation (total)$938,587

Stocks and bonds$158,432,730

Accounting fees$92,670

Investing fees$458,081

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

EDWARD PROBERTPRESIDENT AND CEO · 38 hrs/week $381,621Base $359,628 · Other $21,993

SARAH TONIZZOCHIEF FINANCIAL OFFICER · 38 hrs/week $268,151Base $239,650 · Other $28,501

HAROLD VAN OPDORPCHIEF OPERATING OFFICER · 38 hrs/week $245,247Base $232,654 · Other $12,593

COURTNEY BALSONCHIEF ADVANCEMENT OFFICER · 38 hrs/week $240,480Base $213,603 · Other $26,877

JEANNA ADAMSCHIEF SCHOLARSHIP OFFICER · 38 hrs/week $228,382Base $207,768 · Other $20,614

KEITH H MOORE DIRECTOR OFPHILANTHROPY, NATIONAL EVENTS · 38 hrs/week $164,099Base $146,938 · Other $17,161

RENEE K LAFLAMDIRECTOR OF NATIONAL EVENTS · 38 hrs/week $154,420Base $137,922 · Other $16,498

DANA M MILLSDIRECTOR OF COMMUNICATIONS · 38 hrs/week $149,070Base $132,684 · Other $16,386

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (39)

EDWARD PROBERTPRESIDENT AND CEO

SARAH TONIZZOCHIEF FINANCIAL OFFICER

HAROLD VAN OPDORPCHIEF OPERATING OFFICER

COURTNEY BALSONCHIEF ADVANCEMENT OFFICER

JEANNA ADAMSCHIEF SCHOLARSHIP OFFICER

KEITH H MOORE DIRECTOR OFPHILANTHROPY, NATIONAL EVENTS

RENEE K LAFLAMDIRECTOR OF NATIONAL EVENTS

DANA M MILLSDIRECTOR OF COMMUNICATIONS

MARGARET G KIBBENDIRECTOR

KEITH M JONESDIRECTOR

MATTHEW GANTZTREASURER - AS OF 10/2024

MELISSA D PALMISCIANODIRECTOR - UNTIL 10/2024

MICHEAL BARRETTDIRECTOR

MIGUEL EATONDIRECTOR - UNTIL 10/2024

PAUL POHLDIRECTOR

PETER MCCALLUMDIRECTOR - UNTIL 10/2024

PETER PACEDIRECTOR

RICHARD D STEPHENSTREASURER - UNTIL 10/2024

ROBERT B NELLERCHAIR

ROBERT E JOYCE JRDIRECTOR

SCOTT LARUEDIRECTOR

STEVE FUSCODIRECTOR

STEVEN M POSTGENERAL COUNSEL

LORI REYNOLDSDIRECTOR

LINDA SILVERDIRECTOR

KENNETH KORNGIEBELDIRECTOR

CASSIE BROEMMERDIRECTOR

KAREEM ELDIRECTOR

JOSEPH F BOULOSDIRECTOR

JENNIFER HAZELTONDIRECTOR

HENRY STOEVERDIRECTOR

HARVEY SEEGERSDIRECTOR

GREG PARSONSDIRECTOR

GEORGE SMITHDIRECTOR

FRANK D MARTELLDIRECTOR

ERIC J CANDELORIVICE CHAIR

DAN NELSONDIRECTOR - UNTIL 10/2024

DAN HENDERSONDIRECTOR

CATHERINE THOMASDIRECTOR

About this charity

Recognized since: January 1995
Location: 909 N WASHINGTON ST STE 400, ALEXANDRIA, VA 22314-1555
County: City of Alexandria
In care of: % ROBERT RUARK
Primary officer: EDWARD PROBERT JR, PRESIDENT & CHIEF EXECUTIVE OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(703) 549-0060

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Education (B82Z)
IRS tax category: Civic and Social Organizations