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Education : Scholarship and Financial Support

Marine Corps Scholarship Foundation

Honoring Marines by Educating Their Children

three stars

81.14

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

Board Leadership
Robert Neller
Chairman

CEO
Robert Ruark
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 81.14 three stars
  Financial 73.33 two stars
  Accountability & Transparency 100.00 four stars
This rating was published 03/01/2019 and includes data from FY2017, 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 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 47,000 scholarships valued at over $145 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 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 47,000 scholarships valued at over $145 million.

Impact & Results Score

Score
75/100
Program Name: Scholarship Program
Program Name: Scholarship Program

Note: The Impact & Results score currently has no effect on the nonprofit's Star Rating.

The Impact & Results score is a measure of how well a nonprofit delivers on its stated mission. To issue a score, Charity Navigator estimates the actual impact the nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact. Learn more about our Impact & Results methodology here.

Program Activities
Marine Corps Scholarship Foundation Inc grants scholarships to beneficiaries.
Impact Statement
$5,600 increases income for a scholarship recipient in need by $8,200.
Assessment Benchmark
Impact & Results scores of postsecondary scholarship programs are based on income generated relative to cost. Programs receive an Impact & Results score of 100 if they increase income for a recipient by more than $1.50 for every $1 spent and a score of 75 if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the threshold for cost-effectiveness, it earns a score of 50.
Methodology
ImpactMatters analyzed publicly available data to rate the cost-effectiveness of Marine Corps Scholarship Foundation.
Data Source
Output data collected during the program. Marine Corps Scholarship Foundation Inc publicly reports data on the dollar value of all scholarships it grants and the number of scholarship recipients, which we use to calculate the additional income that the nonprofit's scholarship program generates.
Method for Attributing Outcomes
We estimate the increase in income caused by a nonprofit's scholarship program in two steps. First, we compare the estimated postsecondary graduation rate of its scholars to that of comparable students who did not receive a scholarship (the “counterfactual”). Our estimates are drawn from rigorous social science studies of similar scholarship programs. The result is the number of scholars whose graduation was caused by the nonprofit. Second, we compare the earnings of graduates to non-graduates based on publicly available census data, matching on student demographic characteristics. We apply the earnings boost owing to a degree to those scholars whose graduation was caused by the nonprofit. Both steps are necessary to properly net out counterfactual successes from observed successes. Otherwise, we would be attributing changes (increase in graduation rate and increase in earnings) to the nonprofit when they would have happened anyway. Few nonprofits estimate the counterfactual themselves, so we construct our own counterfactual estimate based on research and publicly available data.
Details
Analysis conducted by ImpactMatters and published on November 22, 2019.
This impact information is current as of September 2020, when it was provided to us by ImpactMatters. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

two stars

73.33

Accountability & Transparency

four stars

100.00

This rating was published 03/01/2019 and includes data from FY2017, 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)
63.4%
  Administrative Expenses 10.8%
  Fundraising Expenses 25.7%
  Fundraising Efficiency $0.13
  Working Capital Ratio (years) 4.43
  Program Expenses Growth 2.0%
  Liabilities to Assets 1.7%
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) 81.14 three stars
Thanks USA (VA) 89.10 three stars
Horatio Alger Association of Distinguished Americans (VA) 92.38 four stars
Special Operations Warrior Foundation (FL) 91.83 four stars
American Technion Society (NY) 86.64 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $14,947,193
   Federated Campaigns $34,728
   Membership Dues $0
   Fundraising Events $13,804,320
   Related Organizations $0
   Government Grants $0
Total Contributions $28,786,241
   Program Service Revenue $0
Total Primary Revenue $28,786,241
   Other Revenue $1,880,031
TOTAL REVENUE $30,666,272
   
EXPENSES  
   Program Expenses $8,953,534
   Administrative Expenses $1,600,116
   Fundraising Expenses $3,307,427
TOTAL FUNCTIONAL EXPENSES $13,861,077
   
Payments to Affiliates $0
Excess (or Deficit) for the year $16,805,195
   
Net Assets $109,454,753

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 $8,953,534 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 03/01/2019 81.14 three stars
2016-12 11/01/2018 80.62 three stars
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 June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2018
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
Compensation % of Expenses Paid to Title
$58,810 0.42% Robert R. Ruark President, CEO
Other Salaries of Note
$434,112 3.13% Margaret B. Davis Former President

Highly Rated

Charity Name & State Overall Score Overall Rating
Marine Corps Scholarship Foundation (VA) 81.14 three stars
Mitchell Institute (ME) 94.01 four stars
Alliance for Education (WA) 87.19 three stars
Extra Mile Education Foundation (PA) 89.00 three stars
Special Operations Warrior Foundation (FL) 91.83 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

Robert Neller
Chairman

CEO

Robert Ruark
President, CEO

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