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Education : Scholarship and Financial Support

Marine Corps Scholarship Foundation

Honoring Marines by educating their children

three stars

80.41

909 N Washington Street Suite 400
Alexandria, VA 22314
tel: (703) 549-0060   Web Site
EIN: 22-1905062

Board Leadership
George J. Trautman III
Chairman

CEO
Robert Ruark
President, CEO

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 80.41 three stars
  Financial 72.60 two stars
  Accountability & Transparency 96.00 four stars
This rating was published 04/18/2018 and includes data from FY2016, the most recent 990 received at that time.

Founded in 1962, the Marine Corps Scholarship Foundation is the Nation's oldest and largest provider of need-based scholarships to military children. These scholarships provide access to affordable education for the children of Marines and Navy Corpsmen attending post-high school, under-graduate and career technical education programs. Each year our work eases financial burdens for thousands of Marine families in all 50 states whose military income struggles to keep pace with the rising cost of college tuition. Since our founding, the Marine Corps Scholarship Foundation has awarded more than 40,000 scholarships valued at nearly $125 million.

Founded in 1962, the Marine Corps Scholarship Foundation is the Nation's oldest and largest provider of need-based scholarships to military children. These scholarships provide access to affordable education for the children of Marines and Navy Corpsmen attending post-high school, under-graduate and career technical education programs. Each year our work eases financial burdens for thousands of Marine families in all 50 states whose military income struggles to keep pace with the rising cost of college tuition. Since our founding, the Marine Corps Scholarship Foundation has awarded more than 40,000 scholarships valued at nearly $125 million.

Results Information

Reported Results
Total in 2016
Number of students who receive scholarship funds and/or tuition assistance
2,303
Total dollar amount of scholarship awarded
7,200,000
Graduation rates of students
90
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This results data is current as of November 2017, when it was provided to us by GuideStar. Results information published on this organization's rating page has no effect on its rating at this time. data iconLearn More

Financial

two stars

72.60

Accountability & Transparency

four stars

96.00

This rating was published 04/18/2018 and includes data from FY2016, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
62.7%
  Administrative Expenses 11.7%
  Fundraising Expenses 25.4%
  Fundraising Efficiency $0.15
  Working Capital Ratio (years) 3.15
  Program Expenses Growth 1.5%
  Liabilities to Assets 2.3%
All data for Financial Performance Metrics calculations was provided by Marine Corps Scholarship Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Marine Corps Scholarship Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Marine Corps Scholarship Foundation (VA) 80.41 three stars
Folds of Honor (OK) 98.23 four stars
Hispanic Scholarship Fund (CA) 89.06 three stars
Arizona Christian School Tuition Organization (AZ) 91.05 four stars
Carson Scholars Fund (MD) 89.91 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $7,969,537
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $10,837,796
   Related Organizations $0
   Government Grants $0
Total Contributions $18,807,333
   Program Service Revenue $0
Total Primary Revenue $18,807,333
   Other Revenue $2,641,426
TOTAL REVENUE $21,448,759
   
EXPENSES  
   Program Expenses $8,840,287
   Administrative Expenses $1,275,557
   Fundraising Expenses $3,596,208
TOTAL FUNCTIONAL EXPENSES $13,712,052
   
Payments to Affiliates $0
Excess (or Deficit) for the year $7,736,707
   
Net Assets $86,606,269

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Need-based Scholarships for Military Children $8,840,287 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-12 04/18/2018 80.41 three stars
2015-12 03/01/2017 85.05 three stars
2014-12 06/01/2016 83.95 three stars
 
CN 2.0
2014-12 12/22/2015 88.75 three stars
2013-12 04/01/2015 88.87 three stars
2012-12 12/01/2013 88.16 three stars
2011-12 03/01/2013 85.39 three stars
2010-12 04/01/2012 90.15 four stars
2009-12 09/20/2011 79.23 two stars
 
CN 1.0
2009-12 02/01/2011 70.91 two stars
2008-12 06/01/2010 86.50 three stars
2007-12 05/01/2009 86.53 three stars
2006-12 02/01/2008 91.92 four stars
2005-12 12/15/2006 82.83 three stars
2004-12 01/01/2006 93.68 four stars
2003-12 10/01/2004 87.76 three stars
2002-12 12/01/2003 88.48 three stars
2001-12 03/28/2003 89.81 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 22-1905062
Name in IRS Master File MARINE CORPS SCHOLARSHIP FOUNDATION INC
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (40) Scholarships (other)
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date April, 1995
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$363,598 2.65% Margaret B. Davis President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Marine Corps Scholarship Foundation (VA) 80.41 three stars
Great Aspirations Scholarship Program (VA) 97.17 four stars
Children of Fallen Patriots Foundation (VA) 95.38 four stars
Scholarship America (MN) 88.52 three stars
Arizona Christian School Tuition Organization (AZ) 91.05 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Marine Corps Scholarship Foundation
909 N Washington Street
Suite 400
Alexandria, VA 22314
tel: (703) 549-0060
fax: (703) 549-9474
EIN: 22-1905062

Visit Web Site

Board Leadership

George J. Trautman III
Chairman

CEO

Robert Ruark
President, CEO

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