Marine Toys for Tots Foundation EIN 20-3021444

Marine Toys for Tots Foundation

EIN  20-3021444 Public foundation / grantmaker Triangle, VA Founded 2005
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/4/26 · see original filing: IRS
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Size
$100M+
What they do
Collects and distributes toys, books, and games to less fortunate children, providing holiday gifts and year-round support to inspire hope and personal growth.
Leadership
James B Laster · President & CEO · $433K
Money in and out
$432.3M revenue, $405.6M expenses
Bottom line
97% program efficiency

Collects and distributes toys, books, and games to less fortunate children, providing holiday gifts and year-round support to inspire hope and personal growth. For fiscal year 2025 it reported $432.3M in revenue, $405.6M in expenses, and $236.6M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$432.3M
Pt VIII · Ln 12
Total expenses
$405.6M
Pt IX · Ln 25
Net assets
$236.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $26.7M
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.01 Fundraising $0.03
Program efficiency
97%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
31.8mo
months of highly liquid reserves at operating expense rate▲ +63% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▲ +282% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$432.3M
FY2025▼ -15%
Expenses
$405.6M
FY2025▼ -22%
Total assets
$246.3M
FY2025▲ +21%
Total liabilities
$9.6M
FY2025▲ +119%
Total revenue
$432.3M
Pt VIII · Ln 12
Total expenses
$405.6M
Pt IX · Ln 25
Net assets
$236.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$26.7M
Total assetsPt X · Ln 16$246.3M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $391.9M of program spending, described in the organization's own filed words · FY2025.
01

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 nearly 24 million toys to over 10 million economically disadvantaged CHILDREN.THE foundation was able to bring the joy of christmas and…

$381.6Mprogram expense
02

The foundation conducted an aggressive public information and education program to encourage americans to get involved in the marine corps premier

$6.1Mprogram expense
03

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.

$4.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMarine Toys for Tots Foundation
EINHdr · item D20-3021444
Principal addressHdr · item CTriangle, VA
WebsiteHdr · item Jwww.toysfortots.org
Year of formationHdr · item L2005
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFApr 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$433,081Pt VII · Sec A
VP, Operations and Secretary
$275,516Pt VII · Sec A
Vice President, M&d
$274,798Pt VII · Sec A
Dvp, M&d/HR Director
$243,074Pt VII · Sec A
Dvp, Bus Dev
$187,026Pt VII · Sec A
Dvp, Operations
$178,680Pt VII · Sec A
Finance Director
$163,161Pt VII · Sec A
IT Director
$153,953Pt VII · Sec A

James B Laster’s $433K as President & CEO is at the 40th percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James B Laster$433,081$413,403$393,841$375,159$280,159$189,655
Matthew D Cooper$275,516$255,916$235,276$177,360$193,276$179,000
Theodore Silvester$274,798$255,570$235,516$177,360$193,276$179,000
Kelley Hardison$243,074$234,351$207,446$180,792$125,792$118,500
Gunnar Spafford$187,026$162,276
Mackerl Stuckey$178,680$167,680$115,120$107,120
Melanie Turner$163,161$157,264$127,095$117,720
Henry P Osman$160,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$426.0M · 99%
Investment income$6.1M · 1%
Contributions & grants99%$426.0M
Investment income1%$6.1M
Other revenue$217K
Total revenueLn 12$432.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.01 Fundraising $0.03
Program services97%$391.9M
Management & general1%$2.5M
Fundraising3%$11.2M
Total functional expensesLn 25$405.6M

Balance Sheet

Part X · end of year
CashLn 1$31.9M
Total assetsLn 16$246.3M
Total liabilitiesLn 26$9.6M
Total net assetsLn 32$236.6M
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $184.9M · Operating expenses (Pt IX) $405.6M · Less non-cash grants $335.9M · Cash operating expenses/yr $69.7M
31.8 months
Where the money goes
Program services
Program services $391.9M · Total expenses $405.6M
97%
Management & General
Management & general $2.5M · Total expenses $405.6M
1%
Fundraising
Fundraising $11.2M · Total expenses $405.6M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $10.3M · Solicited contributions (3-yr avg) $426.1M
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $426.0M · Total revenue $432.3M
99%
Government reliance
Government grants — · Total revenue $432.3M
Earned-income share
Program service revenue $0 · Total revenue $432.3M
0%
Investment reliance
Investment income $6.1M · Total revenue $432.3M
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $405.6M
0%
Growth & trend
Revenue growth (YoY)
This year $432.3M · Prior year $506.1M
-15%
Revenue CAGR
FY2020 $298.3M · FY2025 $432.3M
+8%
Net-asset trend (YoY)
End of year $236.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $432.3M · Expenses $405.6M
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $246.3M
Net-asset ratio
Net assets $236.6M · Total assets $246.3M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $52.7M · Other securities (Pt X, ln 12) $100.3M · Total assets (Pt X, ln 16) $246.3M
62%
People & payroll
Highest Reported Total Compensation
Individual James B Laster · Reported title PRESIDENT & CEO · Highest reported compensation $433K · Total expenses $405.6M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $4.1M · Total expenses $405.6M
1%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $2.3M · Gross raised $32.0M
7%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 1%
Fundraising cost ratio 3%
Revenue growth -15%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
See all 24 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$432.3M revenue · viewing · ⤓ 990 PDF
FY2024$506.1M revenue · ⤓ 990 PDF
FY2023$359.2M revenue · ⤓ 990 PDF
FY2022$379.6M revenue · ⤓ 990 PDF
FY2021$357.1M revenue · ⤓ 990 PDF
FY2020$298.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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