Marine Toys For Tots Foundation in Triangle, Virginia (VA)

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Marine Toys For Tots Foundation
Employer Identification Number (EIN)203021444
Name of OrganizationMarine Toys For Tots Foundation
In Care of NameHenry P Osman
Address18251 Quantico Gateway Drive, Triangle, VA 22172-1776
SubsectionCharitable Organization
Ruling Date04/2006
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 Period12/2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$114,552,758
Amount of Income$295,012,655
Form 990 Revenue Amount$249,036,694
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2012: $295,012,655
Marine Toys For Tots Foundation: 

 $295,012,655
Other organizations performing similar types of work: 

 $97,434

Assets in 2012: $114,552,758
This organization: 

 $114,552,758
Other organizations performing similar types of work: 

 $303,611

Expenses in 2007: $206,333,807
Marine Toys For Tots Foundation: 

 $206,333,807
Other organizations performing similar types of work: 

 $787,130

Income to expenses ratio in 2007: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.3

Expenses allocated to program services in 2007: 97.0%
This organization: 

 97.0%
Other organizations performing similar types of work: 

 81.7%

Number of employees in 2007: 12
This organization: 

 12
Other organizations performing similar types of work: 

 6

Employees paid over $50,000 in 2007: 33.3%
Marine Toys For Tots Foundation: 

 33.3%
Other organizations performing similar types of work: 

 16.2%

Grants share in income in 2007: 99.4%
Marine Toys For Tots Foundation: 

 99.4%
Other organizations performing similar types of work: 

 1.5%

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
2007
Total revenue$202,639,179
Contributions, gifts, grants, and similar amounts received$201,396,194
Contributions to donor advised funds$0
Direct public support$201,061,358
Indirect public support$334,836
Government contributions (grants)$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$515,399
Net rental income or (loss)$0
Gross rents$0
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$373,314
Gross amount from sales of assets other than inventory$9,819,581
Less: cost or other basis and sales expenses$9,446,267
Net income or (loss) from special events and activities$175,457
Gross revenue$259,565
Less: direct expenses other than fundraising expenses$84,108
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$178,815
Total expenses$206,333,807
Program services$200,096,231
Management and general$697,457
Fundraising$5,540,119
Payments to affiliates$0
Net assets or fund balances at end of year$59,119,981
Excess or (deficit) for the year$-3,694,628
Net assets or fund balances at beginning of year$35,732,843
Other changes in net assets or fund balances$27,081,766
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$206,333,807$200,096,231$697,457$5,540,119
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$776,253$597,715$54,338$124,200
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$318,683$245,386$22,308$50,989
Pension plan contributions not included above$23,649$18,210$1,655$3,784
Employee benefits not included above$8,378$7,082$395$901
Payroll taxes$58,124$44,756$4,069$9,299
Professional fundraising fees$812,204$0$0$812,204
Accounting fees$105,490$0$105,490$0
Legal fees$199,857$0$199,857$0
Supplies$61,163$47,096$4,281$9,786
Telephone$73,135$56,314$5,120$11,701
Postage and shipping$3,402,831$1,491,719$10,484$1,900,628
Occupancy$214,559$202,363$3,712$8,484
Equipment rental and maintenance$16,956$13,056$1,187$2,713
Printing and publications$2,583,020$1,446,378$0$1,136,642
Travel$742,954$572,074$52,007$118,873
Conferences, conventions, and meetings$270,512$101,230$17,437$151,845
Interest$0$0$0$0
Depreciation, depletion, etc.$32,878$25,317$2,301$5,260
Other expenses not covered above$196,633,161$195,227,535$212,816$1,192,810
Balance Sheets
2007
Total assets$68,353,693
Cash - non-interest-bearing$11,107,893
Savings and temporary cash investments$13,538,587
Accounts receivable less allowance for doubtful accounts$444,000
Pledges receivable less allowance for doubtful accounts$6,635,338
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0
Inventories for sale or use$17,272,340
Prepaid expenses and deferred charges$5,863
Investments - publicly-traded securities$16,824,173
Investments - other securities$0
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$384,374
Land, buildings, and equipment less accumulated depreciation$2,141,125
Other assets, including program-related investments$0
Total liabilities$9,233,712
Accounts payable and accrued expenses$9,191,712
Grants payable$0
Deferred revenue$42,000
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$0
Other liabilities$0
Total liabilities and net assets/fund balances$68,353,693
Total net assets or fund balances$59,119,981
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2007
Total revenue$202,639,179
Total revenue, gains, and other support per audited financial statements$206,168,617
Other expenses$3,529,438
Net unrealized gains on investments$1,246,271
Donated services and use of facilities$2,199,058
Recoveries of prior year grants$0
Other$84,109
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2007
Total expenses$206,333,807
Total expenses and losses per audited financial statements$208,616,974
Other revenue$2,283,167
Donated services and use of facilities$2,199,058
Prior year adjustments$0
Losses$0
Other$84,109
Other expenses$0
Investment expenses$0
Other$0
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
50$299,200$32,624$0
50$132,000$8,307$0
50$126,500$7,828$0
50$160,700$9,094$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings11
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, 200612
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$1,242,985$0
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$000$0$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)$515,399$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))$373,314$0
Net income or (loss) from special events000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$175,457$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Royalty income excluded by section 512(b)(2)$178,815$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
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
$0$0$0
$0$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?No
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
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter 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
Enter 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
2006
Total$222,904,808
Gifts, grants, and contributions received$222,582,111
Membership fees received$0
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$0
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$319,097
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$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$3,600
Other income$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
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$246,641,999
Contributions, Gifts, Grants and Other Similar Amounts$244,769,228
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,469,494
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$95,623
Gross amount from sales of assets other than inventory (Securities / Other)$36,974,590 / $0
Less: cost or other basis and sales expenses (Securities / Other)$36,878,967 / $0
Gain or (loss) (Securities / Other)$95,623 / $0
Net income from fundraising events$91,560
Gross income from fundraising events$118,306
Less: direct expenses$26,746
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$216,094
Statement of Functional Expenses (for 2011)
Total functional expenses$236,635,230
Compensation of current officers, directors, trustees, and key employees$624,977
Other salaries and wages$472,858
Payroll taxes$81,341
Professional fundraising services$1,611,154
Other$233,844,900
Balance Sheet (for 2011)
Total assets$110,504,972
Total liabilities$12,337,104
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$12,337,104
Total net assets or fund balances$98,167,868
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$1,147,832,353
Gifts, grants, contributions, and membership fees received$1,143,126,374
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$3,600
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$4,702,379
Gross receipts from related activities, etc.$518,186
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Number of organizations performing similar types of work
Alaska25
Alabama192
Arkansas70
Arizona288
California2,416
Colorado378
Connecticut382
District of Columbia106
Delaware539
Florida1,396
Georgia456
Hawaii80
Iowa165
Idaho53
Illinois1,024
Indiana284
Kansas148
Kentucky156
Louisiana146
Massachusetts669
Maryland401
Maine82
Michigan596
Minnesota362
Missouri307
Mississippi62
Montana62
North Carolina519
North Dakota20
Nebraska159
New Hampshire72
New Jersey843
New Mexico87
Nevada190
New York2,482
Ohio691
Oklahoma217
Oregon198
Pennsylvania1,160
Rhode Island172
South Carolina161
South Dakota27
Tennessee240
Texas1,146
Utah259
Virginia453
Vermont52
Washington359
Wisconsin355
West Virginia66
Wyoming57
International34
Total20,864

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