Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2009.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
64 cents of each dollar spent went to programs.
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
26 people listed on the 990; $220K paid to officers and key staff.
Col Tim Mundy Usmc Ret’s $130K as VP Marine Corps Assn. Foundation is at the 55th percentile of top reported officer pay among 3924 $1–10M arts & culture 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Col Tim Mundy Usmc Ret | $129,995 | $123,823 | $119,352 | $107,202 | $98,135 |
| Ltgen Charles Chiarotti Usmc Ret | — | $25,000 | $45,604 | $16,263 | — |
| Ltgen Charles Chiarotti | $43,619 | — | — | — | — |
| Col Christopher Woodbridge Usmc Ret | — | $14,687 | $42,618 | $22,425 | — |
| Ltgen William Mark Faulkner Usmc | — | — | — | $35,004 | $35,898 |
| Col Chris Woodbridge Usmc Ret | — | — | — | — | $21,393 |
| Col Daniel P O'Brien Usmc Ret | — | — | — | $12,557 | $19,718 |
| Col Christopher Woodbridgeusmcret | $16,502 | — | — | — | — |
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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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 15aYes
Programs and updates
Funds professional libraries for Marine Corps units, providing commanders with books on military history, leadership, and emerging operations to support ongoing service education.
Questions for Marine Corps Association Foundation
Your first name shows with your question. Marine Corps Association Foundation answers here, for everyone.
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Commanders' Forums
The foundation provides funding to assist commanders in developing and providing forum opportunities specifically tailored to enhance their marines and sailors' knowledge of the military historical and operational lessons and how those can be applied to current challenges.
The marine excellence awards program was established to recognize the professional achievements of marines and sailors (serving in marine corps units) and to recognize superior performance in marine corps officer and enlisted formal schools. These awards are also given for exceptional written work.
The commanders' unit library program provides commanders with funds to establish and sustain their unit professional library when the utilization of appropriated funds is not practicable. The program allows commanders to select books from the marine corps commandant's professional reading list, which all marines are required to read…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $413K | $405K |
| InvestmentsLn 11–13 | $613K | $671K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $1.1M | $1.2M |
| LiabilitiesLn 26 | $109K | $109K |
| Net assetsLn 32 | $971K | $1.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $201K | $201K | ||
| Grants to domestic individualsLn 2 | $959K | $959K | ||
| Pay of current officers, directors and key staffLn 5 | $61K | $57K | $2K | $2K |
| Other salaries and wagesLn 7 | $346K | $178K | $111K | $58K |
| Pension plan contributionsLn 8 | $15K | $7K | $6K | $2K |
| Other employee benefitsLn 9 | $15K | $6K | $4K | $5K |
| Payroll taxesLn 10 | $29K | $19K | $8K | $2K |
| Legal feesLn 11b | $4K | $4K | ||
| Accounting feesLn 11c | $11K | $11K | ||
| Professional fundraising feesLn 11e | $90K | $90K | ||
| Investment management feesLn 11f | $2K | $2K | ||
| Other fees for servicesLn 11g | $7K | $7K | ||
| Office expensesLn 13 | $66K | $9K | $35K | $22K |
| OccupancyLn 16 | $5K | $1K | $3K | $1K |
| TravelLn 17 | $14K | $14K | $156 | |
| Other expenses (24a–d)Ln 24 | $883K | $266K | $616K | |
| All other expensesLn 24e | $47K | $47K | ||
| Total functional expensesLn 25 | $2.8M | $1.8M | $182K | $802K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $2.8M | $2.8M | $76K | $1.1M | 990 PDF |
| FY2023 | $2.4M | $2.2M | $154K | $971K | 990 PDF |
| FY2022 | $2.0M | $2.0M | −$35K | $772K | 990 PDF |
| FY2021 | $1.9M | $1.7M | $165K | $920K | 990 PDF |
| FY2020 | $1.6M | $1.5M | $108K | $705K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $2,830,616 revenue, 12 lines filed
Part VI · Governance 21 of 22 board members independent, no flags
Part VIII · Statement of revenue $2,830,616 across 8 lines filed
Part IX · Statement of functional expenses $2,755,109 across 17 lines filed
Part X · Balance sheet $1,159,428 assets, 14 lines filed
Part XI · Reconciliation of net assets $1,050,259 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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