Form 990 for tax year 2023
Filed by MARINE CORPS-LAW ENFORCEMENT FOUNDATION INC.
Totals
- Total revenue
- $6,004,743
- Total expenses
- $2,790,312
- Contributions and grants received
- $1,694,617
- Grants paid
- $2,220,406
- Program service revenue
- $0
- Investment income
- $2,441,364
- Other revenue
- $1,868,762
- Total assets, end of year
- $26,937,964
- Total liabilities, end of year
- $2,829,961
- Net assets or fund balances, end of year
- $24,108,003
- Program services expenses (Part IX)
- $2,332,906
- Management and general expenses
- $154,362
- Fundraising expenses
- $303,044
- Program service expenses (Part III)
- $2,332,906
Program services were 83.6% 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
$1,694,617
-
3 · Investment income
total $1,846,263 · excluded $1,846,263
-
7a · Gross sales of assets other than inventory
securities $21,734,475
-
7b · Less cost or other basis and sales expenses
securities $21,139,374
-
7c · Gain or loss
securities $595,101
-
7d · Net gain or loss
total $595,101 · related or exempt $595,101
-
8a · Fundraising events: gross income
$2,612,736
-
8b · Fundraising events: direct expenses
$743,974
-
8c · Net income from fundraising events
total $1,868,762 · excluded $1,868,762
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $2,220,406 · program services $2,220,406
-
7 · Other salaries and wages
total $105,600 · program services $52,800 · management and general $52,800
-
10 · Payroll taxes
total $9,480 · program services $4,740 · management and general $4,740
-
11c · Fees: accounting
total $82,867 · program services $36,460 · management and general $46,407
-
11g · Fees: other
total $160,461 · fundraising $160,461
-
13 · Office expenses
total $123,653 · program services $8,378 · management and general $36,799 · fundraising $78,476
-
14 · Information technology
total $7,829 · program services $3,914 · management and general $3,915
-
16 · Occupancy
total $12,417 · program services $6,208 · management and general $6,209
-
17 · Travel
total $67,599 · management and general $3,492 · fundraising $64,107
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $2,709,465 · end of year $3,012,264
-
3 · Pledges and grants receivable
beginning of year $97,300 · end of year $118,959
-
9 · Prepaid expenses and deferred charges
beginning of year $81,261 · end of year $220,016
-
11 · Investments: publicly traded securities
beginning of year $18,057,630 · end of year $23,585,975
-
15 · Other assets
beginning of year $750 · end of year $750
-
17 · Accounts payable and accrued expenses
beginning of year $17,138 · end of year $2,693,349
-
19 · Deferred revenue
beginning of year $33,000 · end of year $30,000
-
25 · Other liabilities
beginning of year $2,696 · end of year $106,612
-
31 · Retained earnings, endowment or other funds
beginning of year $20,893,572 · end of year $24,108,003
Mission and programs · 2023
Mission
PROVIDE EDUCATIONAL SCHOLARSHIP ACCOUNTS, SCHOLARSHIPS, MEDICAL AND HUMANITARIAN AID TO THE CHILDREN OF UNITED STATE MARINES, NAVY CORPSMEN AND FEDERAL LAW ENFORCEMENT AGENTS WHO HAVE DIED WHILE ON ACTIVE DUTY.
-
PROVIDE SCHOLARSHIPS TO THE CHILDREN OF ACTIVE, RESERVE AND FORMER US MARINES AS WELL AS FEDERAL LAW ENFORCEMENT OFFICERS WHO WERE INJURED OR KILLED IN THE LINE OF DUTY
Expenses $2,187,672 · Grants $2,132,712
-
TO PROVIDE HUMANITARIAN AID TO FAMILIES OF ACTIVE,RESERVE, & FORMER US MARINES AND FEDERAL LAW ENFORCEMENT OFFICERS WHO WERE KILLED OR INJURED IN THE LINE OF DUTY.
Expenses $87,694 · Grants $87,694
-
DONATIONS TO VARIOUS QUALIFIED GROUPS WHO SUPPORT FOUNDATION MISSION
Expenses $4,740
-
PROVIDE SCHOLARSHIPS TO THE CHILDREN OF ACTIVE, RESERVE
Expenses $52,800
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Edmond BoranEDMOND BORAN
DIRECTOR
- Total calculated
- $0
-
Anthony BoyleANTHONY BOYLE
VICE PRESIDE
- Total calculated
- $0
-
John ConnorJOHN CONNOR
TREASURER
- Total calculated
- $0
-
Michael FedorkoMICHAEL FEDORKO
VICE PRESIDE
- Total calculated
- $0
-
Christopher IsolaCHRISTOPHER ISOLA
CFO
- Total calculated
- $0
-
John KeenanJOHN KEENAN
PRESIDENT
- Total calculated
- $0
-
Robert MilsteadROBERT MILSTEAD
DIRECTOR
- Total calculated
- $0
-
James MottolaJAMES MOTTOLA
VICE PRESIDE
- Total calculated
- $0
-
Kevin McGuireKEVIN MCGUIRE
VICE PRESIDE
- Total calculated
- $0
-
Peter PacePETER PACE
CHAIRMAN
- Total calculated
- $0
-
Dan ParkerDAN PARKER
DIRECTOR
- Total calculated
- $0
-
Lou PiantadosiLOU PIANTADOSI
DIRECTOR
- Total calculated
- $0
-
Gary SchweikertGARY SCHWEIKERT
VICE CHAIRMA
- Total calculated
- $0
-
Gene SepeGENE SEPE
VICE PRESIDE
- Total calculated
- $0
-
James SullivanJAMES SULLIVAN
COUNSEL
- Total calculated
- $0
-
Michael TobeyMICHAEL TOBEY
VICE PRESIDE
- Total calculated
- $0
-
Michael WallaceMICHAEL WALLACE
VICE PRESIDE
- Total calculated
- $0
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202412989349301216
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