Marine Corps Association Foundation
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Marine Corps Association Foundation does not meet the following 3 Standards for Charity Accountability:
Standard 8 (Program Service Expense Ratio)
Spend at least 65% of its total expenses on program activities.
MCAF does not meet this Standard because:
- According to its 2023 audited financial statements - consolidated, the organization spent $1,351,938 or 60% of its total expenses on programs.
Standard 12 (Detailed Functional Breakdown of Expenses)
Include in the financial statements a breakdown of expenses (e.g., salaries, travel, postage, etc.) that shows what portion of these expenses was allocated to program, fund raising, and administrative activities. If the charity has more than one major program category, the schedule should provide a breakdown for each category.
MCAF does not meet this Standard because:
- Although the organization's 2023 audited financial statements - consolidated included a detailed functional breakdown of expenses, the breakdown was combined with the organization's affiliate, Marine Corps Association.
Standard 16 (Annual Report)
Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
MCAF does not meet this Standard because the 2023 annual report did not include:
- Although the organization's 2023 annual report included consolidated financial information for MCA and MCAF, it did not include a separate financial summary for MCAF.
Marine Corps Association Foundation meets the remaining 17 Standards for Charity Accountability.
Stated Purpose:
"to provide resources and support to sustain and expand programs and activities essential to the Marine Corps Association's mission by engaging everyone inspired by the Marine Corps."
Year, State Incorporated:
2009, DC
Also Known As:
Marine Corps Association & Foundation
The Marine Corps Association Foundation (MCAF) helps develop Marine leaders by providing forums for professional education, exchanging ideas and preserving the traditions of the Marine Corps. The organization's Commanders' Forum Program provides funding to assist commanders in developing and providing forum opportunities specifically tailored to enhance their Marines' and Sailors' knowledge of the operational matters from a historical, cultural, or operational perspective. The Unit Library Program provides Marines with access to books that will enhance their professional military education. MCAF’s Marine Writing Program encourages Marines to develop their critical reasoning and writing skills. MCAF also recognizes exceptional performance across the Marine Corps through their Marine Excellence Awards. In addition to the organization's four main programs, MCAF provides professional development membership awards, wargaming support, and programming on suicide awareness and prevention.
For the year ended December 31, 2023, Marine Corps Association Foundation's program expenses were:
Awards and other program services: $1,351,938
Total Program Expenses: $1,351,938
Chief Executive
LtGen Charles Chiarotti, USMC (Ret), President and Chief Executive Officer
Compensation*
$291,501
Chair of the Board
LtGen John A. Toolan, USMC (Ret)
Chair's Profession / Business Affiliation
Marine Corps General
Board Size
23
Paid Staff Size
8
*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: The compensation information above combines LtGen Charles Chiarotti's salary and benefits paid by both MCAF and its affiliate, Marine Corps Association.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Special events
Fundraising costs were 32% of related contributions. (Related contributions, which totaled $2,377,767, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Marine Corps Association Foundation's audited financial statements for the year ended December 31, 2023.
Source of Funds
| Sponsorships | $33,143 |
| Interest, dividends, and realized gain, net | $26,998 |
| Unrealized gains | $44,742 |
| Contributions | $2,344,624 |
| Total Income | $2,449,507 |
Programs: 60% Fundraising: 34% Administrative: 6%
| Total Income | $2,449,507 |
| Total expenses: | $2,250,758 |
| Program expenses | $1,351,938 |
| Fundraising expenses | $766,567 |
| Administrative expenses | $132,253 |
| Other expenses | $0 |
| Income in Excess of Expenses | $198,749 |
| Beginning Net Assets | $772,404 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $971,153 |
| Total Liabilities | $108,721 |
| Total Assets | $1,079,874 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance