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← YOUNG MARINES NATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by YOUNG MARINES NATIONAL FOUNDATION.

Totals

Total revenue
$93,099
Total expenses
$385,758
Contributions and grants received
$84,008
Grants paid
$89,500
Program service revenue
$0
Investment income
$9,259
Other revenue
-$168
Total assets, end of year
$4,057,674
Total liabilities, end of year
$38,634
Net assets or fund balances, end of year
$4,019,040
Program services expenses (Part IX)
$118,558
Management and general expenses
$115,319
Fundraising expenses
$151,881
Program service expenses (Part III)
$118,558

Program services were 30.7% 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

    $84,008

  • 3 · Investment income

    total $68,825 · excluded $68,825

  • 7a · Gross sales of assets other than inventory

    securities $1,195,591

  • 7b · Less cost or other basis and sales expenses

    securities $1,255,157

  • 7c · Gain or loss

    securities -$59,566

  • 7d · Net gain or loss

    total -$59,566 · excluded -$59,566

  • 11a · Other revenue: OTHER INVESTMENT INCOME

    total -$168 · excluded -$168

  • 11e · Other revenue, total

    -$168

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $89,500 · program services $89,500

  • 5 · Compensation of officers, directors and key employees

    total $30,000 · management and general $12,000 · fundraising $18,000

  • 11c · Fees: accounting

    total $29,058 · program services $29,058

  • 11e · Fees: professional fundraising services

    total $133,881 · fundraising $133,881

  • 11f · Fees: investment management

    total $26,667 · management and general $26,667

  • 12 · Advertising and promotion

    total $8,165 · management and general $8,165

  • 13 · Office expenses

    total $505 · management and general $505

  • 17 · Travel

    total $42,790 · management and general $42,790

  • 23 · Insurance

    total $4,073 · management and general $4,073

  • 24a · Other expenses: POSTAGE & SHIPPING

    total $18,061 · management and general $18,061

  • 24b · Other expenses: BANK FEES

    total $2,199 · management and general $2,199

  • 24c · Other expenses: WEBSITE

    total $670 · management and general $670

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $189 · management and general $189

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $63,203 · end of year $49,967

  • 4 · Accounts receivable

    beginning of year $514

  • 9 · Prepaid expenses and deferred charges

    beginning of year $269,167 · end of year $193,113

  • 11 · Investments: publicly traded securities

    beginning of year $3,435,939 · end of year $3,814,594

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,355 · end of year $28,347

  • 25 · Other liabilities

    beginning of year $0 · end of year $10,287

  • 27 · Net assets without donor restrictions

    beginning of year $3,765,468 · end of year $4,017,540

  • 28 · Net assets with donor restrictions

    end of year $1,500

Mission and programs · 2023

Mission

THE MISSION OF THE YOUNG MARINES NATIONAL FOUNDATION IS TO FINANCIALLY SUPPORT THE MISSION, VALUES AND PROGRAMS OF THE YOUNG MARINES BY THE SOLICITATION, PRESERVATION AND DISTRIBUTION OF THE GIFTS, GRANTS, AND MATCHING FUNDS FROM INDIVIDUALS, CORPORATIONS AND FOUNDATIONS COMMITTED TO THE DEVELOPMENT OF BOYS AND GIRLS INTO RESPONSIBLE CITIZENS WHO ENJOY AND PROMOTE A HEALTHY, DRUG FREE LIFESTYLE.

Activities or mission (Part I)

THE MISSION OF THE YOUNG MARINES NATIONAL FOUNDATION IS TO FINANCIALLY SUPPORT THE MISSION, VALUES, AND PROGRAMS OF THE YOUNG MARINES BY THE SOLICITATION, PRESERVATION, AND DISTRIBUTION OF GIFTS, GRANTS, AND MATCHING FUNDS FROM INDIVIDUALS,

  • THE YOUNG MARINES NATIONAL FOUNDATION FINANCIALLY SUPPORTS THE FOLLOWING PROGRAMS OF THE YOUNG MARINES:1. DRUG DEMAND REDUCTION EFFORTS - THE YOUNG MARINES PARTICIPATE IN YEAR ROUND, ONGOING TRAINING AND ACTIVITIES TO PROVDE EDUCATION AND HEALTH ALTERNATIVES TO ALL FORMS OF SUBSTANCE ABUSE.2. RESPONSIBLE CITIZENS - THE YOUNG MARRINES PARTICIPATE IN YEAR ROUND ONGOING VOLUNTEER EFFORTS TO PAY TRIBUTE TO VETERANS, RESTORE OPEN SPACES AND CONTRIBUTE TO PEOPE IN NEED.3. RED RIBBON WEEK - THE YOUNG MARINES NATIONAL CAMPAIGN INCLUDES HELPING ALL AMERICANS COME TOGETHER TO KEEP CHILDREN, FAMILIES AND COMMUNITIES SAFE, HEALTHY AND DRUG FREE THROUGH PARENT TRAINING AND NETWORKING. YOUNG MARINES UNITS ACROSS AMERICA PARTICIPATE EVERY YEAR IN RED RIBBON WEEK BY TEACHING PEER TO PEER CLASSES AND BEING A POSITIVE ROLE MODEL.4. VETERANS APPRECIATION WEEK - FOR ONE WEEK IN NOVEMBER EACH YEAR, YOUNG MARINES UNITS ACROSS THE COUNTRY CELEBRATE YOUNG MARINES VETERANS APPRECIATION WEEK. THE PURPOSE OF THE CAMPAIGN IS TO CHALLENGE OUR YOUNG MARINES TO DEDICATE SOME OF THEIR TIME TO HELP OUR NATION'S VETERANS AND TO DEMONSTRATE, THROUGH THEIR ACTIONS, THEIR SINCERE APPRECIATION FOR OUR VETERNAN'S SERVICE TO OUR COUNTRY.5. LEADERSHIP DEVELOPMENT - FINANCIAL SUPPORT IS PROVIDED TO YOUNG MARINES RELATED TO THEIR LEADERSHIP ACADEMY.

  • Expenses $118,558 · Grants $89,500 · Revenue $84,008

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

Listed in Part VII

  • Michael Kessler

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • John Alexander

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Zeliff

    EXECUTIVE DIRECTOR

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • James Kessler

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • David Webb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sheryl Murray

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Howard Snow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bob Sartor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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.

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.

  • YOUNG MARINES

    501(C)(3) · PROVIDE QUALITY YOUTH DEVELOPMENT PRGRAMS FOR BOYS AND GIRLS · DC

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202441349349303639

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