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Marines' Memorial Foundation

Tax-deductible

San Francisco, CA501(c)(3)Arts & Culture EIN 45-5261064Revenue $1.3M in FY2025

On file with the IRSmarinesmemorial.org609 Sutter Street 2m, 94102-1081 · San Francisco, CATax-exempt since Jun 2012Publicly supported — 509(a)(2)

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The mission of the Foundation is to honor the legacy of military service through its programs and by its direct support of the Marines' Memorial association in fulfilling its mission to commemorate the sacrifices of our nation's veterans, educate the public about those sacrifices, and serve veterans of all eras, to include currently serving members of the armed forces and their families.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 17 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $218K a year · 33% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $155K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$9K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+115% vs prior year
Spent
$523K
To programs
96%
Net assets
$1.3M
By yearFY2021–FY2025
Revenue
$1.3M
FY2025▲ +115%
Tap a bar for its year
Revenue by fiscal year
FY2021$444K
FY2022$442K
FY2023$523K
FY2024$602K
FY2025$1.3M
Expenses
$523K
FY2025▲ +0.6%
Tap a bar for its year
Expenses by fiscal year
FY2021$183K
FY2022$465K
FY2023$530K
FY2024$520K
FY2025$523K
Net assets
$1.3M
FY2025▲ +150%
Tap a bar for its year
Net assets by fiscal year
FY2021$465K
FY2022$443K
FY2023$436K
FY2024$518K
FY2025$1.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $500K Management & general 4% · $23K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tim Hsia
Director
$0Pt VII · Sec A
Jim Haynes
Director
$0Pt VII · Sec A
See Marines' Memorial Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Honors military service by supporting veterans and educating the public about their sacrifices.

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Provided by the organization

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3 programs · $500K · in their own filed words · FY2024
01

Non-Profit Entities

The foundation hosts and directly supports a variety of non-profit organizations both local and from afar. These organizations provide culture and entertainment opportunities to educate and a location to expand their mission.

$500Kprogram expense
02

75TH anniversary of the korean war memorial:in june 2025, the foundation commemorated the 75TH anniversary of the korean war memorial at the presidio of san francisco. The ceremony honored the service and sacrifice of korean war veterans and their families and recognized the enduring partnership between the united states and the republic…

Pt IX · col B
03

Living Memorial

The marines' memorial living memorial spans 12 floors of exhibits and displays that honor the men and women of all branches of the U.S. Armed forces. Each artifact and story helps future generations understand the service, sacrifice, and enduring spirit of america's military community.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Donor Advised Charitable Giving INCFY2024$58K
Fidelity Investments Charitable Gift FundFY2024$34K
American Online Giving Foundation INCFY2024$23K
Vanguard Charitable Endowment ProgramFY2024$20K
Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$10K
Los Altos Community FoundationFY2024$10K
Myers Vitkin Foundation INCFY2024$275
Total grants receivedfrom 7 funders$155K
See all 7 funders →
Grants paid · 5 grants · $2.1M · 2020–2024
Marines' Memorial AssociationCA · FY2024$500,000
Marines' Memorial AssociationCA · FY2023$500,000
Marines' Memorial AssociationCA · FY2022$500,000
Marines' Memorial AssociationCA · FY2021$460,000
Marines' Memorial AssociationCA · FY2020$150,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$12K
Money outPt IX
$523K
Ln 25
Programscol B$500K
Managementcol C$23K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$531K
Total assetsLn 16$1.3M
LiabilitiesLn 26$9K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Noncash giftsLn 1g$86K
Investment incomeLn 3$12K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$498K
Cash and savings togetherLn 1–2$531K
Other assetsLn 15$775K
Total assetsLn 16$1.3M
LiabilitiesLn 26$9K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$456K$531K
Total assetsLn 16$518K$1.3M
LiabilitiesLn 26$0$9K
Net assetsLn 32$518K$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$500K$500K
Accounting feesLn 11c$21K$21K
Investment management feesLn 11f$2K$2K
All other expensesLn 24e$50$50
Total functional expensesLn 25$523K$500K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.3M$523K$774K$1.3M 990 PDF
FY2024 $602K$520K$83K$518K 990 PDF
FY2023 $523K$530K−$7K$436K 990 PDF
FY2022 $442K$465K−$23K$443K 990 PDF
FY2021 $444K$183K$261K$465K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,296,558 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $579,005$1,284,719
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $23,152$11,839
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $602,157$1,296,558
I-13 Grants and similar amounts paidPrior year $500,000$500,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,527$22,899
I-18 Total expensesPrior year $519,527$522,899
I-19 Revenue less expensesPrior year $82,630$773,659
Part VI · Governance 16 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,296,558 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,284,719
VIII-1g Noncash contributions (included above)$86,476
VIII-1h Total contributions, gifts and grants$1,284,719
VIII-3 Investment incomeExcluded from tax $11,839$11,839
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $11,839$1,296,558
Part IX · Statement of functional expenses $522,899 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $500,000$500,000
IX-11c Accounting feesManagement $21,220$21,220
IX-11f Investment management feesManagement $1,629$1,629
IX-24e All other expensesManagement $50$50
IX-25 Total functional expensesPrograms $500,000 · Management $22,899 · Fundraising $0$522,899
Part X · Balance sheet $1,305,909 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $0$33,353
X-2 Savings and temporary cash investmentsStart of year $456,059$497,804
X-15 Other assetsStart of year $62,213$774,752
X-16 Total assetsStart of year $518,272$1,305,909
X-17 Accounts payable and accrued expensesStart of year $0$8,871
X-26 Total liabilitiesStart of year $0$8,871
X-27 Net assets without donor restrictionsStart of year −$207,821$402,524
X-28 Net assets with donor restrictionsStart of year $726,093$894,514
X-32 Total net assets or fund balancesStart of year $518,272$1,297,038
X-33 Total liabilities and net assetsStart of year $518,272$1,305,909
Part XI · Reconciliation of net assets $1,297,038 net assets at year end
XI-1 Total revenue$1,296,558
XI-2 Total expenses$522,899
XI-3 Revenue less expenses$773,659
XI-4 Net assets at start of year$518,272
XI-5 Net unrealized gains (losses) on investments$5,107
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,297,038

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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