Skip to content
Nonprofiteer
← MARINE TOYS FOR TOTS FOUNDATION

Form 990 for tax year 2023

Filed by MARINE TOYS FOR TOTS FOUNDATION.

Totals

Total revenue
$359,237,893
Total expenses
$376,454,492
Contributions and grants received
$353,982,330
Grants paid
$0
Program service revenue
$0
Investment income
$5,016,893
Other revenue
$238,670
Total assets, end of year
$215,321,979
Total liabilities, end of year
$6,241,552
Net assets or fund balances, end of year
$209,080,427
Program services expenses (Part IX)
$364,964,243
Management and general expenses
$2,276,437
Fundraising expenses
$9,213,812
Program service expenses (Part III)
$364,964,243

Program services were 96.9% 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.

  • 1a · Federated campaigns

    $77,907

  • 1c · Fundraising events

    $99,583

  • 1f · All other contributions, gifts and grants

    $353,804,840

  • 1g · Noncash contributions included above

    $279,781,056

  • 3 · Investment income

    total $5,016,893 · excluded $5,016,893

  • 5 · Royalties

    total $5,904 · excluded $5,904

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $99,583

  • 8b · Fundraising events: direct expenses

    $52,366

  • 8c · Net income from fundraising events

    total -$52,366 · excluded -$52,366

  • 11a · Other revenue: OTHER INCOME

    total $280,831 · excluded $280,831

  • 11b · Other revenue: SETTLEMENT INCOME

    total $4,301 · excluded $4,301

  • 11e · Other revenue, total

    $285,132

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $969,793 · program services $707,949 · management and general $174,563 · fundraising $87,281

  • 7 · Other salaries and wages

    total $1,690,621 · program services $1,234,154 · management and general $304,311 · fundraising $152,156

  • 8 · Pension plan contributions

    total $159,002 · program services $116,071 · management and general $28,620 · fundraising $14,311

  • 9 · Other employee benefits

    total $141,104 · program services $103,006 · management and general $25,399 · fundraising $12,699

  • 10 · Payroll taxes

    total $174,800 · program services $127,604 · management and general $31,464 · fundraising $15,732

  • 11c · Fees: accounting

    total $8,906 · management and general $8,906

  • 11e · Fees: professional fundraising services

    total $1,322,477 · fundraising $1,322,477

  • 11f · Fees: investment management

    total $526,314 · management and general $526,314

  • 11g · Fees: other

    total $3,665,849 · program services $1,707,890 · management and general $114,720 · fundraising $1,843,239

  • 13 · Office expenses

    total $14,234,862 · program services $8,181,966 · management and general $821,125 · fundraising $5,231,771

  • 14 · Information technology

    total $60,668 · program services $44,288 · management and general $10,920 · fundraising $5,460

  • 16 · Occupancy

    total $989,017 · program services $976,610 · management and general $8,271 · fundraising $4,136

  • 17 · Travel

    total $1,113,992 · program services $1,005,463 · management and general $84,526 · fundraising $24,003

  • 19 · Conferences, conventions and meetings

    total $992,126 · program services $923,690 · management and general $67,077 · fundraising $1,359

  • 22 · Depreciation, depletion and amortization

    total $158,302 · program services $115,561 · management and general $28,494 · fundraising $14,247

  • 23 · Insurance

    total $109,219 · program services $87,375 · fundraising $21,844

  • 24a · Other expenses: TOYS DISTRIBUTED

    total $347,530,361 · program services $347,530,361

  • 24b · Other expenses: PUBLIC RELATIONS & DEVE

    total $2,496,141 · program services $2,040,640 · fundraising $455,501

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $84,357 · program services $61,581 · management and general $15,184 · fundraising $7,592

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $26,535 · management and general $26,535

  • 24e · All other expenses

    total $46 · program services $34 · management and general $8 · fundraising $4

  • 26 · Joint costs (an allocation of the lines above)

    total $11,624,898 · program services $4,882,456 · management and general $0 · fundraising $6,742,442

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,214,115 · end of year $22,320,280

  • 2 · Savings and temporary cash investments

    beginning of year $20,843,257 · end of year $12,486,924

  • 3 · Pledges and grants receivable

    beginning of year $5,488,204 · end of year $5,462,333

  • 8 · Inventories for sale or use

    beginning of year $46,911,700 · end of year $40,701,650

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,475 · end of year $2,475

  • 10a · Land, buildings and equipment: cost or other basis

    $6,391,019

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,341,028

  • 10c · Land, buildings and equipment, net

    beginning of year $4,196,911 · end of year $4,049,991

  • 11 · Investments: publicly traded securities

    beginning of year $95,333,122 · end of year $91,372,415

  • 12 · Investments: other securities

    beginning of year $36,243,774 · end of year $38,925,911

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,280,169 · end of year $6,241,552

  • 27 · Net assets without donor restrictions

    beginning of year $216,292,517 · end of year $207,274,385

  • 28 · Net assets with donor restrictions

    beginning of year $1,660,872 · end of year $1,806,042

Mission and programs · 2023

Mission

THE MISSION AND PURPOSE OF MARINE TOYS FOR TOTS FOUNDATION IS TO ASSIST THE U.S. MARINE CORPS IN PROVIDING A TANGIBLE SIGN OF HOPE TO ECONOMICALLY DISADVANTAGED CHILDREN AT CHRISTMAS. THIS ASSISTANCE INCLUDES SUPPORTING THE U.S. MARINE CORPS RESERVE TOYS FOR TOTS PROGRAM BY RAISING FUNDS TO PROVIDE TOYS TO SUPPLEMENT THE COLLECTIONS OF LOCAL TOYS FOR TOTS CAMPAIGNS; DEFRAY THE COSTS OF CONDUCTING THE ANNUAL TOYS FOR TOTS CAMPAIGN; MANAGE FUNDS RAISED AND MONIES DONATED BASED ON THE TOYS FOR TOTS NAME OR LOGO; PROVIDE ADMINISTRATIVE, ADVISORY, FINANCIAL, LOGISTIC AND PROMOTIONAL SUPPORT TO LOCAL TOYS FOR TOTS COORDINATORS; PROVIDE OTHER SUPPORT THE MARINE CORPS, AS A FEDERAL AGENCY, CANNOT PROVIDE; AND CONDUCT PUBLIC EDUCATION AND INFORMATION PROGRAMS ABOUT TOYS FOR TOTS THAT CALL THE GENERAL PUBLIC TO ACTION IN SUPPORT OF THIS PATRIOTIC COMMUNITY ACTION PROGRAM.

Activities or mission (Part I)

TO COLLECT NEW, UNWRAPPED TOYS DURING CHRISTMAS TIME EACH YEAR, AND DISTRIBUTE THOSE TOYS AS CHRISTMAS GIFTS TO LESS FORTUNATE CHILDREN IN THE COMMUNITY. THE FOUNDATION ALSO SUPPORTS LESS FORTUNATE CHILDREN WITH BOOKS, TOYS, AND GAMES DURING CHRISTMAS AND OTHER TIMES OF THE YEAR TO GIVE ECONOMICALLY DISADVANTAGED CHILDREN HOPE AND MOTIVATION TO GROW INTO RESPONSIBLE, PRODUCTIVE, PATRIOTIC CITIZENS AND COMMUNITY LEADERS.

  • THE MARINE TOYS FOR TOTS FOUNDATION PROVIDED THE LEADERSHIP, ADMINISTRATIVE, ADVISORY, FINANCIAL, LOGISTIC, AND PROMOTIONAL SUPPORT NEEDED FOR THE MARINE TOYS FOR TOTS PROGRAM TO COLLECT AND DISTRIBUTE OVER 25 MILLION TOYS TO OVER 10 MILLION LESS FORTUNATE CHILDREN. THE FOUNDATION WAS ABLE TO BRING THE JOY OF CHRISTMAS AND SEND A MESSAGE OF HOPE TO THESE 10 MILLION LESS FORTUNATE CHILDREN IN 864 COMMUNITIES COVERING ALL 50 STATES, THE DISTRICT OF COLUMBIA, PUERTO RICO, AND THE VIRGINISLANDS.

    Expenses $352,601,654

  • THROUGH THE TOYS FOR TOTS LITERACY PROGRAM THE GIFT OF READING WAS BROUGHT TO LESS FORTUNATE CHILDREN ACROSS THE NATION. PURCHASED AND DONATED NEW BOOKS ALLOWED MARINES TO DISTRIBUTE BOOKS TO DISADVANTAGED CHILDREN AND TITLE 1 SCHOOLS.

    Expenses $7,397,287

  • THE FOUNDATION CONDUCTED AN AGGRESSIVE PUBLIC INFORMATION AND EDUCATION PROGRAM TO ENCOURAGE AMERICANS TO GET INVOLVED IN THE MARINE CORPS PREMIER

    Expenses $4,965,302

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James B Laster

    PRESIDENT & CEO

    Total calculated
    $438,606
    From this org
    $393,841
    From related orgs
    $0
    Other
    $44,765
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $313,567
    Bonus
    $78,750
    Other
    $1,524
    Deferred
    $42,679
    Nontaxable benefits
    $3,236
    Filer's total
    $439,756

  • Robert E Milstead

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Mark A Hayden

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Walter T Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Steven C Ohmstede

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Edward T Gardner Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Valerie A Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sheryl E Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David J Doolan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jessica Van Dop Dejesus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alphonso Trimble

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Lapan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Anne Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Theodore Silvester

    VICE PRESIDENT, M&D

    Total calculated
    $264,014
    From this org
    $235,516
    From related orgs
    $0
    Other
    $28,498
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $35,000
    Other
    $516
    Deferred
    $27,845
    Nontaxable benefits
    $1,922
    Filer's total
    $265,283

  • Matthew D Cooper

    SECRETARY/VICE PRESIDENT, OPERATIONS

    Total calculated
    $263,736
    From this org
    $235,276
    From related orgs
    $0
    Other
    $28,460
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $35,000
    Other
    $276
    Deferred
    $27,807
    Nontaxable benefits
    $1,672
    Filer's total
    $264,755

  • Kelley Hardison

    DEPUTY VP, M&D

    Total calculated
    $231,937
    From this org
    $207,446
    From related orgs
    $0
    Other
    $24,491
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,654
    Bonus
    $32,000
    Other
    $792
    Deferred
    $23,492
    Nontaxable benefits
    $2,357
    Filer's total
    $233,295

  • Matthew McDonald

    IT DIRECTOR

    Total calculated
    $166,815
    From this org
    $134,924
    From related orgs
    $0
    Other
    $31,891
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,648
    Bonus
    $26,000
    Other
    $276
    Deferred
    $14,028
    Nontaxable benefits
    $18,733
    Filer's total
    $167,685

  • Melanie Turner

    FINANCE DIRECTOR

    Total calculated
    $140,215
    From this org
    $127,095
    From related orgs
    $0
    Other
    $13,120
    Hours/week
    40

  • Mackerl Stuckey

    DEPUTY VP, OPERATIONS

    Total calculated
    $127,285
    From this org
    $115,120
    From related orgs
    $0
    Other
    $12,165
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE BOARD OF DIRECTORS REVIEWS AND VOTES ON THE COMPENSATION OF EACH OF THE OFFICERS AND EMPLOYEES ANNUALLY BASED ON RECOMMENDATIONS FROM THE FINANCE AND COMPENSATION COMMITTEE. THE BONUSES ARE BASED ON PERFORMANCE AND AWARDED AT CHRISTMAS. THE PRES/CEO BONUS IS DECIDED BY THE SAME PROCESS, BUT IS AWARDED IN MARCH.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
2 April 2024
IRS schema version
2023v5.0
Source object
202400939349301125

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.