Marine Corps Heritage Foundation in Dumfries, Virginia (VA)

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Marine Corps Heritage Foundation
Employer Identification Number (EIN)521147967
Name of OrganizationMarine Corps Heritage Foundation
Address3800 Fettler Park Dr Ste 104, Dumfries, VA 22025-2044
ActivitiesMuseum, zoo, planetarium, etc., Other cultural or historical activities
SubsectionCharitable Organization
Ruling Date11/1979
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2007
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$84,445,118
Amount of Income$18,364,745
Form 990 Revenue Amount$16,385,583
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Historical Societies, Related Historical Activities


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Amount of income in 2007: $18,364,745
Marine Corps Heritage Foundation: 

 $18,364,745
Other organizations performing similar types of work: 

 $218,607

Assets in 2007: $84,445,118
This organization: 

 $84,445,118
Other organizations performing similar types of work: 

 $961,312

Expenses in 2007: $5,961,768
Marine Corps Heritage Foundation: 

 $5,961,768
Other organizations performing similar types of work: 

 $159,230

Income to expenses ratio in 2007: 2.7
Marine Corps Heritage Foundation: 

 2.7
Other organizations performing similar types of work: 

 1.3

Expenses allocated to program services in 2007: 35.3%
Marine Corps Heritage Foundation: 

 35.3%
Other organizations performing similar types of work: 

 74.7%

Number of employees in 2007: 13
This organization: 

 13
Other organizations performing similar types of work: 

 4

Employees paid over $50,000 in 2007: 53.8%
Marine Corps Heritage Foundation: 

 53.8%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2007: 85.3%
This organization: 

 85.3%
Other organizations performing similar types of work: 

 29.9%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20032004200520062007
Total revenue$20,378,504$11,436,810$20,368,833$20,003,410$16,385,583
Contributions, gifts, grants, and similar amounts received$19,875,168$10,645,271$19,890,291$12,242,624$13,970,889
Contributions to donor advised funds$0$100
Direct public support$19,831,699$10,598,837$19,805,481$11,421,242$13,911,370
Indirect public support$43,469$46,434$84,810$71,382$59,419
Government contributions (grants)$0$0$0$750,000$0
Program service revenue including government fees and contracts$0$0$0$0$0
Membership dues and assessments$91,568$180,308$10,175$450$0
Interest on savings and temporary cash investments$0$0$0$82,640$48,283
Dividends and interest from securities$164,640$225,351$146,309$180,087$386,261
Net rental income or (loss)$0$0$0$0$0
Gross rents$0$0$0$0$0
Less: rental expenses$0$0$0$0$0
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-12,786$9,162$-28,911$-4,225$-136,295
Gross amount from sales of assets other than inventory$728,322$11,780,292$3,596,788$1,710,520$630,809
Less: cost or other basis and sales expenses$741,108$11,771,130$3,625,699$1,714,745$767,104
Net income or (loss) from special events and activities$0$0$0$0$0
Gross revenue$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0
Gross profit or (loss) from sales of inventory$226,483$236,744$197,636$579,147$1,701,338
Gross sales of inventory, less returns and allowances$339,797$407,451$1,042,369$977,707$2,913,396
Less: cost of goods sold$113,314$170,707$844,733$398,560$1,212,058
Other revenue$33,431$139,974$153,333$6,922,687$415,107
Total expenses$2,775,010$2,925,106$3,512,774$8,372,599$5,961,768
Program services$899,067$817,141$1,153,859$5,041,620$2,103,493
Management and general$562,062$440,745$586,461$919,182$1,163,660
Fundraising$1,313,881$1,667,220$1,772,454$2,411,797$2,694,615
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$24,009,217$32,612,254$47,467,783$59,193,025$70,080,174
Excess or (deficit) for the year$17,603,494$8,511,704$16,856,059$11,630,811$10,423,815
Net assets or fund balances at beginning of year$6,318,036$24,009,217$32,612,254$47,467,783$59,193,025
Other changes in net assets or fund balances$87,687$91,333$-2,000,530$94,431$463,334
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$5,961,768$2,103,493$1,163,660$2,694,615
Grants paid from donor advised funds$0
Other grants and allocations$148,508
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$597,368$229,987$229,987$137,394
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$861,337$331,460$331,460$198,417
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$199,598$78,755$78,755$42,088
Payroll taxes$103,080$39,686$39,686$23,708
Professional fundraising fees$417,994$70,542$0$347,452
Accounting fees$50,505$0$50,505$0
Legal fees$0$0$0$0
Supplies$121,725$40,575$40,575$40,575
Telephone$79,272$33,635$33,635$12,002
Postage and shipping$1,691,316$348,684$19,993$1,322,639
Occupancy$122,858$73,057$49,801$0
Equipment rental and maintenance$42,760$21,380$21,380$0
Printing and publications$44,382$14,794$14,794$14,794
Travel$18,385$5,349$6,518$6,518
Conferences, conventions, and meetings$74,724$18,445$19,389$36,890
Interest$0$0$0$0
Depreciation, depletion, etc.$79,675$27,174$52,501$0
Other expenses not covered above$1,308,281$621,462$174,681$512,138
Balance Sheets
20032004200520062007
Total assets$24,266,530$35,097,287$65,999,554$75,983,918$84,445,118
Cash - non-interest-bearing$238,093$243,990$531,598$544,469$751,799
Savings and temporary cash investments$4,966,070$1,602,407$1,157,022$2,715,203$6,668,719
Accounts receivable less allowance for doubtful accounts$2,009$643$0$62,666$48,374
Pledges receivable less allowance for doubtful accounts$16,604,900$14,821,299$16,317,036$12,203,823$12,242,142
Grants receivable$0$0$426,667$409,091$228,000
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0
Inventories for sale or use$115,270$231,237$227,230$476,912$853,972
Prepaid expenses and deferred charges$2,527$4,582$4,694$15,957$55,424
Investments - publicly-traded securities$2,875,811$1,905,440
Investments - other securities$2,278,252$4,581,016$6,626,351$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$53,709$13,606,413$40,703,256$56,674,286$61,678,859
Other assets, including program-related investments$5,700$5,700$5,700$5,700$12,389
Total liabilities$257,313$2,485,033$18,531,771$16,790,893$14,364,944
Accounts payable and accrued expenses$212,364$2,417,191$2,852,965$1,116,237$1,196,453
Grants payable$0$0$0$0$0
Deferred revenue$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0
Mortgages and other notes payable$0$0$15,629,590$15,629,590$13,129,590
Other liabilities$44,949$67,842$49,216$45,066$38,901
Total liabilities and net assets/fund balances$24,266,530$35,097,287$65,999,554$75,983,918$84,445,118
Total net assets or fund balances$24,009,217$32,612,254$47,467,783$59,193,025$70,080,174
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20032004200520062007
Total revenue$20,378,504$11,436,810$20,368,833$20,003,410$16,385,583
Total revenue, gains, and other support per audited financial statements$20,466,560$11,707,970$20,579,388$20,319,025$16,664,147
Other expenses$88,056$271,160$210,555$315,615$146,570
Net unrealized gains on investments$87,687$91,333$19,470$94,431$-63,430
Donated services and use of facilities$0$179,827$191,085$221,184$210,000
Recoveries of prior year grants$0$0$0$0$0
Other$369$0$0$0$0
Other revenue$0$0$0$0$-131,994
Investment expenses$0$0$0$0$0
Other$0$0$0$0$-131,994
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20032004200520062007
Total expenses$2,775,010$2,925,106$3,512,774$8,372,599$5,961,768
Total expenses and losses per audited financial statements$2,775,379$3,104,933$3,703,859$8,593,783$6,303,762
Other revenue$369$179,827$191,085$221,184$210,000
Donated services and use of facilities$0$179,827$191,085$221,184$210,000
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$369$0$0$0$0
Other expenses$0$0$0$0$-131,994
Investment expenses$0$0$0$0$0
Other$0$0$0$0$-131,994
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$160,156$10,249$0
40$118,236$6,000$0
40$113,667$6,075$0
40$82,292$0$0
40$92,943$7,750$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings24
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200613
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$437,287$1,977,407
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$48,283$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$386,261$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-4,301$-131,994
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$1,701,338
Other revenue000000$0Royalty income excluded by section 512(b)(2)$7,044$408,063
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
205411581100%$1,998,286$1,398,849
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$63,800$0$0
$60,000$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?Yes
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$2
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$27,206
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
20022003200420052006
Total$3,498,146$7,050,299$13,383,322$19,320,716$19,487,696
Gifts, grants, and contributions received$2,806,443$6,404,433$12,428,872$17,967,887$12,242,624
Membership fees received$96,560$91,568$180,308$10,175$450
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$375,198$339,797$547,512$1,172,418$977,707
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$219,945$214,501$226,630$170,236$6,266,915
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Colonial Williamsburg FoundationPO BOX 1776, Williamsburg, VA 23187-1776VA1938-04$462,907,140
2Mount Vernon Ladies Association Of The UnionPO BOX 110, Mount Vernon, VA 22121-0110VA1938-04$193,550,910
3Marine Corps Heritage Foundation3800 Fettler Park Dr Ste 104, Dumfries, VA 22025-2044VA1979-11$18,364,745
4Virginia Historical SocietyPO BOX 7311, Richmond, VA 23221-0311VA1941-09$14,580,048
5Robert E Lee Memorial Association483 Great House Rd, Stratford, VA 22558-0001VA1933-03$6,188,643
6Association For The Preservation Of Virginia Antiquities204 W Franklin St, Richmond, VA 23220-5012VA1941-08$3,974,524
7Foundation For Historic Christ Church IncorporatedPO BOX 24, Irvington, VA 22480-0024VA1958-12$830,185
8Eastern Shore Of Va Historical SocietyPO BOX 179, Onancock, VA 23417-0179VA1972-10$489,376
9Historic Polegreen Church FoundationPO BOX 2111, Mechanicsvlle, VA 23116-0011VA1992-06$474,160
10Yamhill County Historical SocietyPO BOX 484, Lafayette, OR 97127-0484OR1971-01$153,941
11National Society Of The Sons Of The American Revolution1100 Mulberry Road, Martinsville, VA 24112VA1944-08$124,009
12Washington County Historical And Fine Arts Tr Inc135 W Washington St, Hagerstown, MD 21740-4709MD1977-05$122,791
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14The Woodrow Wilson Presidential Library FoundationPO BOX 24, Staunton, VA 24402-0024VA1939-10$1,139,807
15Virginia Civil War Trails Inc401 N 3rd St, Richmond, VA 23219-1705VA2000-05$483,807
16Virginia Trust For Historic Preservation614 Oronoco Street 614 Oronoco Stre, Alexandria, VA 22314VA1968-10$127,504
17Alexandria Arts Safari Inc, Dona Nobis Pacem Foundation401 North Saint Asaph, Alexandria, VA 22314VA1997-07$0
18Clinch Mountain Cultural CenterPO BOX 203, Gate City, VA 24251VA1999-03$0
19National Society Colonial Dames Xvii Century, Virginia State Society Colonial Dames Xvii CenturyPo Box 157, Meadowview, VA 24361-0157VA1963-03$0
20National Society Of The Daughters Of The American Revolution, Blue Ridge Chapter Nsdar165 Hillsman Lane, Lynchburg, VA 24501VA1949-07$0
Number of organizations performing similar types of work
Alaska3
Alabama6
Arkansas5
Arizona5
California30
Colorado6
Connecticut17
District of Columbia13
Delaware5
Florida11
Georgia14
Hawaii4
Iowa10
Idaho1
Illinois15
Indiana13
Kansas8
Kentucky11
Louisiana7
Massachusetts20
Maryland12
Maine11
Michigan9
Minnesota7
Missouri13
Mississippi7
Montana3
North Carolina14
North Dakota1
Nebraska2
New Hampshire4
New Jersey10
New Mexico2
New York53
Ohio24
Oklahoma5
Oregon10
Pennsylvania33
Rhode Island8
South Carolina7
South Dakota3
Tennessee9
Texas30
Utah3
Virginia26
Vermont7
Washington11
Wisconsin12
West Virginia8
Total548

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