Marine Corps Scholarship Foundation
Year Founded:
1995
Address:
909 N Washington Street NO 400
Alexandria, VA 22314
EIN:
22-1905062
Top Leadership Pay:
President and CEO Edward Probert, $314,308
Employees:
40
Revenue:
$22,373,801
Expenses:
$19,178,181
Description
Based on its 2023 tax return, we calculate that Marine Corps Scholarship Foundation spent 66.5 percent of its $19.1 million budget on programs and 33.5 percent on overhead. This is higher than our recommended 25 percent maximum overhead spending.
The net assets of Marine Corps Scholarship Foundation equal 7.23 times its annual budget of $19.1 million. This may be an indication that the group is spending too little of its donations on programs. We recommend net assets exceed no more than 3 years of the group’s annual budget.
The 2023 tax return of Marine Corps Scholarship Foundation also showed the group had $23,583 invested outside the United States.
We do not recommend giving to the Marine Corps Scholarship Foundation. See our lists of Highly Recommended Charities and Recommended Charities for alternatives.
Mission Statement
To honor Marines by educating their children.
Annual Tax Forms: 990 Filings
Year
990 Form