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Marine Corps Scholarship Foundation INC

Public charity
DBA: % ROBERT RUARK
Other · ALEXANDRIA, VA · EIN 22-1905062

About

See schedule o.the marine corps scholarship foundation is the nation's 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, NAVY chaplains, and religious program specialists attending post-high school, undergraduate, and career technical education programs. Throughout our history, we have awarded over 50,000 scholarships valued at more than $200 million. Every qualified student who has applied has received aid.

In care of Robert Ruark

Donations are tax-deductible
Category
Other
Employees
41
Volunteers
294

Financial Snapshot

FY ending 2023-06-30
Revenue
$22.4M
Expenses
$19.2M
Assets
$161.0M
Liabilities
$13.6M

Financial history

$37.4M$18.7M$0
1617181920212223
RevenueExpenses
Latest FY2023: $22.4M · Peak FY2022: $37.4M · Avg: $26.2M

Foreign activity (Schedule F)

Total spent abroad$24K
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
EAST ASIA AND THE PACIFIC
EUROPE

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$10.5M
MARINE CORPS SCHOLARSHIP FOUNDATION INC
Your actions

Address

909 N Washington ST STE 400
Alexandria, VA, 22314-155

Governance

Voting board members28
Independent members27
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %0.0%
Permanent endowment %85.2%
Endowment held by related orgNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Gross fundraising receipts$7.8M
Net to org$7.3M
Retained by contractors$467K
ChannelsMail · Email · In-person · Grant solicitation
Public records
ProPublica Nonprofit Explorer
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