Civic Intelligence

Marine Military Academy Foundation

990 • Fiscal year 2019 • EIN 06-1803198

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 03, 2020

Organization ProfileN/A
320 Iwo Jima BoulevardHarlingen, TX 78550

(956) 423-6006

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

3rd percentile

-111%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

72nd percentile

$181,266

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 131.5% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

71st percentile

11%

Faster asset growth than 71% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

2nd percentile

-79%

Faster revenue growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$6,250,573

Up $628,645 (+11%) from 2018

Net Assets

Up

$6,250,573

Up $628,645 (+11%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin3rd percentile

Revenue

Down

$137,833

Down $513,384 (-79%) from 2018

Expenses

Up

$290,895

Up $1,404 (+0.5%) from 2018

Net Income

Down

-$153,062

Down $514,788 (-142%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,999,733Liabilities 2010: $0Net Assets 2010: $4,999,7332010Assets 2011: $4,863,071Liabilities 2011: $0Net Assets 2011: $4,863,0712011Assets 2012: $5,279,479Liabilities 2012: $0Net Assets 2012: $5,279,4792012Assets 2013: $5,692,600Liabilities 2013: $0Net Assets 2013: $5,692,6002013Assets 2014: $5,649,296Liabilities 2014: $0Net Assets 2014: $5,649,2962014Assets 2015: $5,447,591Liabilities 2015: $0Net Assets 2015: $5,447,5912015Assets 2016: $5,615,144Liabilities 2016: $0Net Assets 2016: $5,615,1442016Assets 2017: $6,138,416Liabilities 2017: $0Net Assets 2017: $6,138,4162017Assets 2018: $5,621,928Liabilities 2018: $0Net Assets 2018: $5,621,9282018Assets 2019: $6,250,573Liabilities 2019: $0Net Assets 2019: $6,250,5732019Assets 2020: $6,259,327Liabilities 2020: $2,500Net Assets 2020: $6,256,8272020Assets 2021: $6,752,634Liabilities 2021: $0Net Assets 2021: $6,752,6342021Assets 2022: $5,476,646Liabilities 2022: $0Net Assets 2022: $5,476,6462022Assets 2023: $5,880,392Liabilities 2023: $0Net Assets 2023: $5,880,3922023Assets 2024: $6,291,370Liabilities 2024: $4,748Net Assets 2024: $6,286,6222024

Highlighted filing

2019

Assets$6,250,573
Liabilities$0
Net Assets$6,250,573
Open 2019 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $575,8702010Revenue 2011: $299,539Expenses 2011: $243,096Net Income 2011: $56,4432011Expenses 2012: $43,6512012Revenue 2013: $275,493Expenses 2013: $290,146Net Income 2013: -$14,6532013Revenue 2014: $312,000Expenses 2014: $241,312Net Income 2014: $70,6882014Revenue 2015: $617,918Expenses 2015: $268,960Net Income 2015: $348,9582015Revenue 2016: $436,370Expenses 2016: $267,343Net Income 2016: $169,0272016Revenue 2017: $107,618Expenses 2017: $276,330Net Income 2017: -$168,7122017Revenue 2018: $651,217Expenses 2018: $289,491Net Income 2018: $361,7262018Revenue 2019: $137,833Expenses 2019: $290,895Net Income 2019: -$153,0622019Revenue 2020: $440,574Expenses 2020: $577,021Net Income 2020: -$136,4472020Revenue 2021: $1,284,020Expenses 2021: $312,768Net Income 2021: $971,2522021Revenue 2022: $98,707Expenses 2022: $324,972Net Income 2022: -$226,2652022Revenue 2023: $120,558Expenses 2023: $380,536Net Income 2023: -$259,9782023Revenue 2024: $168,034Expenses 2024: $331,183Net Income 2024: -$163,1492024

Highlighted filing

2019

Revenue$137,833
Expenses$290,895
Net Income-$153,062
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 3, 2020
Return Version
2019v5.1
Gross Receipts
$5,156,456
Mission and Program Overview

Mission

The marine military academy foundation is organized and operated exclusively for the benefit of marine military academy, inc., a college preparatory boarding school for young men grades 8 through 12.

The marine military academy foundation is organized and operated exclusively for the benefit of marine military academy, inc., a college preparatory boarding school for young men grades 7 through 12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,302,782$5,569,422▲ $266,640
Savings and Temporary Cash Investments$36,831$397,122▲ $360,291
Pledges and Grants Receivable$275,444$275,444→ $0
Cash and Non-Interest-Bearing Accounts$6,871$8,585▲ $1,714
Total Assets$5,621,928$6,250,573▲ $628,645
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,621,928$6,250,573▲ $628,645
Total Net Assets Fund Balance$5,621,928$6,250,573▲ $628,645
Total Liabilities and Net Assets / Fund Balance$5,621,928$6,250,573▲ $628,645

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$5,621,928$1,156▲ $918,384-$6,250,573
2018$6,138,416$1,500▼ $228,497-$5,621,928
2017$5,615,144-▲ $799,602-$6,138,416
2016$5,447,591$101,100▲ $333,796-$5,615,144
2015$5,649,296$16,008▲ $51,247-$5,447,591
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleOtherTotal
Robert G HillDirector$92,756$92,756

Board Members and Trustees

NameTitle
Christopher S DowlingPresident
Edgar D AronsonDirector
John HeinerDirector
Thomas M BrownellDirector
Wendell F JohnsonDirector
Ricky LealSecretary
John D ButlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,156
Program Service Revenue
$0
Investment Income
$136,677
Other Revenue
$0
All Other Contributions
$1,156
Change in Net Assets
$-153,062

Audited Revenue Reconciliation

Revenue per Audited Statements
$126,380
Revenue Not Reported on Financial Statements
$11,453
Revenue Not Reported on Form 990
$781,707
Total Revenue per Audited Statements
$908,087
Total Revenue per Form 990
$137,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$269,442
Other Expenses$21,453
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$269,442--$269,442
Fees for Service Investment Mgmnt Fees-$11,453-$11,453
Fees for Services Accounting-$7,500-$7,500
Fees for Services Management-$2,500-$2,500
Total Functional Expenses$269,442$21,453$0$290,895

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$290,895
Expenses per Audited Statements$279,442
Total Expenses per Audited Statements$279,442
Expenses Not Reported on Financial Statements$11,453
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Marine Military AcademyHarlingen, TX-Scholarships/support$269,442
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Col Christopher S Dowling Usmc RPresidentEmplyee/mmaNo$136,007
Dr John D ButlerTreasurerEmplyee/mmaNo$130,412
Col Robert G Hill Usmc RetDirectorEmplyee/mmaNo$86,893
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“At the marine military academy foundation board of directors meeting on october 9, 2019, the board of directors authorized changing the number of directors from seven directors to nine directors.”

Form 990, Part VI, Section B, Line 11B

“Marine military academy foundation management assembles a draft of the 990 from information in the foundation's books and records. The foundation's independent accounting firm completes the 990. Before the 990 is filed with the irs, a copy of the completed return is sent to each member of the board of directors.”

Form 990, Part VI, Section B, Line 12C

“Periodic reviews are conducted by the president and treasurer to ensure that the marine military academy foundation operates in a manner consistent with its charitable purposes and does not engage in activites that would jeopardize its tax-exempt status. As part of regular operations, all transactions are subject to review in an effort to identify potential conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“Financial statements and governing documents are available to the public upon written request by any interested party.”

Filing and Contact Details

Filer

Filer Name
Marine Military Academy Foundation
EIN
06-1803198
Phone
9564236006
Address
320 IWO JIMA BOULEVARD, HARLINGEN, TX 78550

Signing Officer

Name
John D Butler
Title
Treasurer
Phone
9564236006
Signed
2020-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christoher S Dowling
Formed
2007
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Carr Riggs & Ingram LLC
Address
402 E TYLER AVENUE, HARLINGEN, TX 78550
Preparer
Quentin Anderson CPA
Phone
9564233765
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Intended uses of endowment funds are to provide scholarships for students to attend the marine military academy, inc. And to support the operations of the marine military academy, inc.”

PART X, LINE 2:

“The foundation qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code and, therefore, has no provision for federal income taxes. In addition, the foundation qualifies for the charitable contribution deduction, under section 170(b)(1)(a)(vi) and has been classified as an organization that is not a private foundation under section 509(a). The foundation applies the provisions of fasb asc 740 in accounting for uncertain tax positions. These provisions prescribe a recognition threshold of more likely than not, and a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements. As of december 31, 2019, the foundation reports no uncertain tax positions and therefore has not recorded any unrecognized tax benefits or liabilities. The foundation believes it is no longer subject to income tax examinations for years prior to december 31, 2016.”

Raw XML AppendixShowing 400 of 584 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/PriorYearAmt092324
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/CurrentYearAmt037197
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/PriorYearAmt014005
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/CurrentYearAmt075385
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/PriorYearAmt078319
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/CurrentYearAmt021453
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/PriorYearAmt020852
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/CurrentYearAmt091129
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/PriorYearAmt071472
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt071472
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt0206682
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt0206682
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt060751
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt0206682
IRS990ScheduleA/DistributionAllocationsGrp/CarryoverPYNotAppliedAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistribAppUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistributableAsAdjustedAmt0206682
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt0206682
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYTotalAnnualDistributionsAmt0269442
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt0269442
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt076727
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt0268639
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt014770
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt0346169
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt0269442
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt076727
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt0283409
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt00
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt0269442
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt0206682
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt0100.000000000000
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt0269442
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt0269442
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE MARINE MILITARY ACADEMY HAS A SIGNIFICANT VOICE IN DIRECTING THE MARINE MILITARY ACADEMY FOUNDATION'S USE OF INVESTMENTS AND ASSETS. THE PRESIDENT OF THE MARINE MILITARY ACADEMY IS A NON-VOTING MEMBER OF THE MARINE MILITARY ACADEMY'S BOARD OF DIRECTORS. THIS PERSON IS ALSO A VOTING MEMBER OF THE MARINE MILITARY ACADEMY FOUNDATION'S BOARD OF DIRECTORS. THE BUSINESS MANAGER/ACADEMIC DEAN OF THE MARINE MILITARY ACADEMY IS ALSO A VOTING MEMBER OF THE MARINE MILITARY ACADEMY FOUNDATION'S BOARD OF DIRECTORS. THE DIRECTORS AND MANAGEMENT OF THE MARINE MILITARY ACADEMY AND THE DIRECTORS AND MANAGEMENT OF THE MARINE MILITARY ACADEMY FOUNDATION DISCLOSE FINANCIAL INFORMATION OF THEIR RESPECTIVE ORGANIZATIONS AT EACH OF THE BOARDS OF DIRECTORS' ANNUAL MEETINGS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ATTENTIVE SUPPORTED ORGANIZATIONS TO WHICH THE MARINE MILITARY ACADEMY FOUNDATION IS RESPONSIVE: MARINE MILITARY ACADEMY 74-1507957 THE PRESIDENT OF THE MARINE MILITARY ACADEMY IS A NON-VOTING MEMBER OF THE MARINE MILITARY ACADEMY'S BOARD OF DIRECTORS. THIS PERSON IS ALSO A VOTING MEMBER OF THE MARINE MILITARY ACADEMY FOUNDATION'S BOARD OF DIRECTORS. THE BUSINESS MANAGER/ACADEMIC DEAN OF THE MARINE MILITARY ACADEMY IS A VOTING MEMBER OF THE MARINE MILITARY ACADEMY FOUNDATION'S BOARD OF DIRECTORS. THE DIRECTORS AND MANAGEMENT OF THE MARINE MILITARY ACADEMY AND THE DIRECTORS AND MANAGEMENT OF THE MARINE MILITARY ACADEMY FOUNDATION DISCLOSE FINANCIAL INFORMATION OF THEIR RESPECTIVE ORGANIZATIONS AT EACH OF THE BOARDS OF DIRECTORS' ANNUAL MEETINGS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3 - ROLE OF SUPPORTED ORGANIZATIONS
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART V, SECTION D, LINE 8 - DISTRIBUTIONS TO SUPPORTED ORGS
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt05690815
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt05995113
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt0204306
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt0692928
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt05486509
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt05302185
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt085362
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt089927
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt05605453
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt05905186
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt0196191
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt0206682
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt05690815
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt05995113
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt0196191
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt0206682
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0741507957
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0269442
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MARINE MILITARY ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0269442
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt021453
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt05621928
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01156
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06250573
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0269442
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0918384
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt020852
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06138416
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt05621928
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0268639
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-228497
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt019995
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05615144
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06138416
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0256335
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0799602
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt024546
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05447591
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0101100
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05615144
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0242797
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0333796
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt039310
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt05649296
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt016008
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt05447591
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0229650
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt051247
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt011453
IRS990ScheduleD/ExpensesSubtotalAmt0279442
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt011453
IRS990ScheduleD/InvestmentExpensesNotIncldAmt011453
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0781707
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.69660
IRS990ScheduleD/RevenueNotReportedAmt0781707
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt011453
IRS990ScheduleD/RevenueSubtotalAmt0126380
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTENDED USES OF ENDOWMENT FUNDS ARE TO PROVIDE SCHOLARSHIPS FOR STUDENTS TO ATTEND THE MARINE MILITARY ACADEMY, INC. AND TO SUPPORT THE OPERATIONS OF THE MARINE MILITARY ACADEMY, INC.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS NO PROVISION FOR FEDERAL INCOME TAXES. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION, UNDER SECTION 170(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). THE FOUNDATION APPLIES THE PROVISIONS OF FASB ASC 740 IN ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THESE PROVISIONS PRESCRIBE A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2019, THE FOUNDATION REPORTS NO UNCERTAIN TAX POSITIONS AND THEREFORE HAS NOT RECORDED ANY UNRECOGNIZED TAX BENEFITS OR LIABILITIES. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.30340
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0290895
IRS990ScheduleD/TotalRevenuePerForm990Amt0137833
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0908087
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0279442
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0269442
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS/SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MARINE MILITARY ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0741507957
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0320 IWO JIMA BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HARLINGEN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd078550
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE MARINE MILITARY ACADEMY FOUNDATION BOARD OF DIRECTORS APPROVES ALL GRANTS TO THE MARINE MILITARY ACADEMY. THE FOUNDATION TREASURER REPORTS THESE GRANTS TO THE MARINE MILITARY ACADEMY WITH ANY RESTRICTIONS OR DESIGNATIONS. THE BUSINESS MANAGER OF THE MARINE MILITARY ACADEMY, WITH OVERSIGHT BY THE PRESIDENT OF THE MARINE MILITARY ACADEMY, REPORTS THE RECEIPT AND DISPOSITION OF GRANT FUNDS TO THE MARINE MILITARY ACADEMY FOUNDATION BOARD AT THE FIRST SCHEDULED MEETING AFTER RECEIPT OF THE GRANT FUNDS BY THE MARINE MILITARY ACADEMY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 1, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,250,573
Liabilities
$0
Net assets
$6,250,573
Revenue
$137,833
Expenses
$290,895
Net income
-$153,062
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.29$0.00$6.29$0.17$0.33$0.16
2023Detailed filing. Detailed filing data is available for this year.$5.88$0.00$5.88$0.12$0.38$0.26
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.48$0.00$5.48$0.10$0.32$0.23
2021Detailed filing. Detailed filing data is available for this year.$6.75$0.00$6.75$1.28$0.31$0.97
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.26$0.00$6.26$0.44$0.58$0.14
2019Detailed filing. Detailed filing data is available for this year.$6.25$0.00$6.25$0.14$0.29$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.62$0.00$5.62$0.65$0.29$0.36
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.14$0.00$6.14$0.11$0.28$0.17
2016Detailed filing. Detailed filing data is available for this year.$5.62$0.00$5.62$0.44$0.27$0.17
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.45$0.00$5.45$0.62$0.27$0.35
2014Detailed filing. Detailed filing data is available for this year.$5.65$0.00$5.65$0.31$0.24$0.07
2013Detailed filing. Detailed filing data is available for this year.$5.69$0.00$5.69$0.28$0.29$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.28$0.00$5.28$0.04
2011Summary only. Only limited summary data is available for this year.$4.86$0.00$4.86$0.30$0.24$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.00$0.00$5.00$0.58