Skip to content
Nonprofiteer
← MARION MILITARY INSTITUTE FOUNDATION INC

Form 990 for tax year 2023

Filed by MARION MILITARY INSTITUTE FOUNDATION INC.

Totals

Total revenue
$2,497,409
Total expenses
$4,677,679
Contributions and grants received
$2,071,212
Grants paid
$4,504,437
Program service revenue
$0
Investment income
$310,338
Other revenue
$115,859
Total assets, end of year
$47,042,644
Total liabilities, end of year
$320,370
Net assets or fund balances, end of year
$46,722,274
Program services expenses (Part IX)
$4,580,727
Management and general expenses
$43,118
Fundraising expenses
$53,834
Program service expenses (Part III)
$4,580,727

Program services were 97.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,071,212

  • 3 · Investment income

    total $310,338 · excluded $310,338

  • 8a · Fundraising events: gross income

    $115,859

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $115,859 · excluded $115,859

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,504,437 · program services $4,504,437

  • 7 · Other salaries and wages

    total $55,000 · program services $55,000

  • 11g · Fees: other

    total $15,515 · management and general $15,515

  • 23 · Insurance

    total $27,603 · management and general $27,603

  • 24a · Other expenses: Dues and subscriptions

    total $29,854 · fundraising $29,854

  • 24b · Other expenses: Special events and fund

    total $14,645 · fundraising $14,645

  • 24c · Other expenses: Supplies

    total $11,825 · program services $11,825

  • 24d · Other expenses: Postage and shipping

    total $8,094 · fundraising $8,094

  • 24e · All other expenses

    total $10,706 · program services $9,465 · fundraising $1,241

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $60,769 · end of year $103,688

  • 11 · Investments: publicly traded securities

    beginning of year $13,271,484 · end of year $14,680,023

  • 15 · Other assets

    beginning of year $27,680,516 · end of year $32,258,933

  • 19 · Deferred revenue

    beginning of year $63,001 · end of year $48,323

  • 21 · Escrow or custodial account liability

    beginning of year $212,887 · end of year $272,047

  • 27 · Net assets without donor restrictions

    beginning of year $4,735,327 · end of year $5,061,878

  • 28 · Net assets with donor restrictions

    beginning of year $36,001,554 · end of year $41,660,396

Mission and programs · 2023

Mission

The purpose of the Foundation is to establish endowments and other forms of support to benefit scholarships, capital improvements, public relations, recruitment and the good name of Marion Military Institute.

Activities or mission (Part I)

The organization provides support for Marion Military Institute.

  • Support for Marion Military Institute.

    Expenses $4,580,727 · Grants $4,504,437

As filed on the 2023 return.

Listed in Part VII

  • Donald Bennett

    Board member

    Total calculated
    $0
    Hours/week
    1

  • BG Vandiver H Carter USAR Ret

    Board member

    Total calculated
    $0
    Hours/week
    1

  • James Davidson

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Robert B Geddie Jr

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Samuel P Givhan

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Logan Gray

    Board member

    Total calculated
    $0
    Hours/week
    1

  • MG W Shane Lee MD USAR

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Eugene McCollum

    Board member

    Total calculated
    $0
    Hours/week
    1

  • COL Angelo Tony Riddick USA

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Leslie Sanders

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Jerry F Smith

    Board member

    Total calculated
    $0
    Hours/week
    1

  • John G Zierdt Jr

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Norman D Pittman III

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • James Rane

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • WF Noopie Cosby Jr

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Edward A O'Neal Jr

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Suzanne Mckee

    Executive Director

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
30 July 2025
IRS schema version
2023v6.0
Source object
202522129349301132

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.