Civic Intelligence

Marion Military Institute Foundation Inc.

990 • Fiscal year 2020 • EIN 26-0546821

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 11, 2021

Organization Profilewww.marionmilitary.edu

Refreshing map…

1101 Washington StreetMarion, AL 36756

(334) 683-2398

Siviq Scores

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

Liabilities / Assets

27th percentile

0.03x

Higher debt load relative to assets than 27% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

62nd percentile

0.33x

Higher debt load relative to revenue than 62% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

6th percentile

-62%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

26th percentile

-0.6%

Faster asset growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

24th percentile

-14%

Faster revenue growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$8,748,515

Down $55,745 (-0.6%) from 2019

Net Assets

Down

$8,451,530

Down $95,358 (-1.1%) from 2019

Liabilities

Up

$296,985

Up $39,613 (+15%) from 2019

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin6th percentile

Revenue

Down

$892,731

Down $151,335 (-14%) from 2019

Expenses

Up

$1,447,266

Up $125,450 (+9.5%) from 2019

Net Income

Down

-$554,535

Down $276,785 (-100%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$60M$40M$20M$0Assets 2010: $2,432,495Liabilities 2010: $75,296Net Assets 2010: $2,357,1992010Assets 2011: $5,147,959Liabilities 2011: $108,726Net Assets 2011: $5,039,2332011Assets 2013: $5,679,555Liabilities 2013: $117,749Net Assets 2013: $5,561,8062013Assets 2015: $6,033,198Liabilities 2015: $263,324Net Assets 2015: $5,769,8742015Assets 2016: $6,280,594Liabilities 2016: $305,907Net Assets 2016: $5,974,6872016Assets 2017: $8,903,420Liabilities 2017: $217,471Net Assets 2017: $8,685,9492017Assets 2018: $8,763,733Liabilities 2018: $241,211Net Assets 2018: $8,522,5222018Assets 2019: $8,804,260Liabilities 2019: $257,372Net Assets 2019: $8,546,8882019Assets 2020: $8,748,515Liabilities 2020: $296,985Net Assets 2020: $8,451,5302020Assets 2021: $14,391,027Liabilities 2021: $291,653Net Assets 2021: $14,099,3742021Assets 2022: $38,009,022Liabilities 2022: $307,898Net Assets 2022: $37,701,1242022Assets 2024: $47,042,644Liabilities 2024: $320,370Net Assets 2024: $46,722,2742024Assets 2025: $48,944,573Liabilities 2025: $393,738Net Assets 2025: $48,550,8352025

Highlighted filing

2020

Assets$8,748,515
Liabilities$296,985
Net Assets$8,451,530
Open 2020 Filing

Operations Trend

Revenue Growth24th percentile

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $427,4442010Expenses 2011: $1,100,3342011Expenses 2013: $1,347,2462013Revenue 2015: $870,360Expenses 2015: $874,161Net Income 2015: -$3,8012015Revenue 2016: $569,420Expenses 2016: $777,924Net Income 2016: -$208,5042016Revenue 2017: $4,519,373Expenses 2017: $2,225,521Net Income 2017: $2,293,8522017Revenue 2018: $1,554,185Expenses 2018: $2,173,554Net Income 2018: -$619,3692018Revenue 2019: $1,044,066Expenses 2019: $1,321,816Net Income 2019: -$277,7502019Revenue 2020: $892,731Expenses 2020: $1,447,266Net Income 2020: -$554,5352020Revenue 2021: $5,768,857Expenses 2021: $1,312,768Net Income 2021: $4,456,0892021Revenue 2022: $31,604,927Expenses 2022: $1,855,778Net Income 2022: $29,749,1492022Revenue 2024: $2,497,409Expenses 2024: $4,677,679Net Income 2024: -$2,180,2702024Revenue 2025: $1,043,529Expenses 2025: $3,372,847Net Income 2025: -$2,329,3182025

Highlighted filing

2020

Revenue$892,731
Expenses$1,447,266
Net Income-$554,535
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 11, 2021
Return Version
2019v5.2
Gross Receipts
$901,446
Mission and Program Overview

Mission

The purpose of the Foundation is to establish endowments and other forms of support to benefit scholarships, capital improvements, public relations, recruitment and the good name of Marion Military Institute.

The organization provides support for Marion Military Institute.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,153,115$7,941,954▲ $788,839
Pledges and Grants Receivable$982,682$544,720▼ $437,962
Cash and Non-Interest-Bearing Accounts$668,463$261,841▼ $406,622
Total Assets$8,804,260$8,748,515▼ $55,745
Liabilities
Escrow Account Liability$197,984$230,755▲ $32,771
Accounts Payable and Accrued Expenses$44,796$45,032▲ $236
Deferred Revenue$14,592$21,198▲ $6,606
Total Liabilities$257,372$296,985▲ $39,613
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,556,000$7,031,107▼ $524,893
Net Assets Without Donor Restrictions$990,888$1,420,423▲ $429,535
Total Net Assets Fund Balance$8,546,888$8,451,530▼ $95,358
Total Liabilities and Net Assets / Fund Balance$8,804,260$8,748,515▼ $55,745

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$5,206,059$117,550▲ $485,713-$5,682,114
2018$4,949,285$153,630▲ $239,700-$5,206,059
2017$4,450,837$287,250▲ $352,585-$4,949,285
2016$4,078,591$114,607▲ $385,948-$4,450,837
2015$3,615,257$78,908▲ $470,455-$4,078,591
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
H Dean Mooty JrChairman
BG John G ZierdtBoard member
BG Vandiver H Carter USAR RetBoard member
Charles A HolmesBoard member
Col Ernest Adams Fite USA RetBoard member
Dr Tommy ThomasBoard member
E Frances CheneyBoard member
Edward A O'Neal JrBoard member
Elijah Rollins IIIBoard member
James DavidsonBoard member
James W Rane JrBoard member
Jerry F SmithBoard member
Leslie SandersBoard member
Norman D Pittman IIIBoard member
Preston O SandersBoard member
Robert B Geddie JrBoard member
WF Noopie Cosby JrBoard member
Walter H GivhanBoard member
Suzanne McKeeExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$719,625
Program Service Revenue
$0
Investment Income
$152,687
Other Revenue
$20,419
All Other Contributions
$719,625
Change in Net Assets
$-554,535

Audited Revenue Reconciliation

Revenue per Audited Statements
$900,432
Revenue Not Reported on Financial Statements
$-7,701
Revenue Not Reported on Form 990
$460,191
Other Revenue Adjustments
$-8,715
Total Revenue per Audited Statements
$1,360,623
Total Revenue per Form 990
$892,731
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,329,353
Other Expenses$67,913
Salaries, Compensation, and Employee Benefits$50,000
Total Fundraising Expense$10,792
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,329,353--$1,329,353
Other Salaries and Wages$50,000--$50,000
Fees for Services Other-$11,888-$11,888
Insurance-$5,270-$5,270
Other Expenses$4,990-$6,290$4,990
All Other Expenses--$4,502$4,502
Total Functional Expenses$1,419,316$17,158$10,792$1,447,266

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,455,981
Expenses per Audited Statements$1,447,266
Total Expenses per Form 990$1,447,266
Expenses Not Reported on Form 990$8,715
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Marion Military InstituteMarion, AL501(c)(3)Assistance to provide for capital improvements and scholarships.$1,315,353
Marion AcademyMarion, AL501(c)(3)Assistance to provide general support.$14,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,134
Fundraising Direct Expenses$8,715
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special events, Adm$29,134$29,134$8,715$20,419
Total Events$29,134$29,134$8,715$20,419
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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 B, line 11B

“The Form 990 is reviewed at the annual board meeting by all the members of the governing board.”

Form 990, Part VI, Section C, line 19

“The Marion Military Institute Foundation makes its financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Marion Military Institute Foundation
EIN
26-0546821
Phone
3346832398
Address
1101 Washington Street, Marion, AL 36756

Signing Officer

Name
H Dean Mooty Jr
Title
Chairman
Phone
3346832398
Signed
2021-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
H Dean Mooty Jr
Formed
2010
Legal Domicile
Al
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
0

Preparer

Firm
Haynes Downard LLP
Address
3161 Cahaba Heights Road Suite 203, Birmingham, AL 35243
Preparer
Lewis F Jones Jr
Phone
2052543380
Supplemental Narrative

Additional Explanations

Part XII, line 2C

“The Organization has not changed its oversight process or selection process related to the audit from the prior year.”

Financial Statement Notes

Part IV, Line 2B:

“The Foundation serves as the custodian for the Alabama Military Hall of Honor, and the Marion Military Institute Alumni Brigade.”

Part V, Line 4:

“To provide scholarships for students at Marion Military Institute.”

Part X, Line 2:

“The Foundation has no uncertain tax positions that qualify for recognition in the financial statements.”

Part XI, Line 4B - Other Adjustments:

“Fundraising expenses -8,715.”

Part XII, Line 2D - Other Adjustments:

“Fundraising expenses 8,715.”

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IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0901446
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05270
IRS990/InsuranceGrp/TotalAmt05270
IRS990/InvestmentExpenseAmt0-1014
IRS990/InvestmentIncomeGrp/ExclusionAmt0152687
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0152687
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07153115
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07941954
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0AL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The purpose of the Foundation is to establish endowments and other forms of support to benefit scholarships, capital improvements, public relations, recruitment and the good name of Marion Military Institute.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt08546888
IRS990/NetAssetsOrFundBalancesEOYAmt08451530
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt020419
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt020419
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0460191
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0990888
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01420423
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Miscellaneous
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Printing and publicatio
IRS990/OtherExpensesGrp/Desc3Bank charges
IRS990/OtherExpensesGrp/FundraisingAmt06290
IRS990/OtherExpensesGrp/ProgramServicesAmt028075
IRS990/OtherExpensesGrp/ProgramServicesAmt16898
IRS990/OtherExpensesGrp/ProgramServicesAmt24990
IRS990/OtherExpensesGrp/TotalAmt028075
IRS990/OtherExpensesGrp/TotalAmt16898
IRS990/OtherExpensesGrp/TotalAmt26290
IRS990/OtherExpensesGrp/TotalAmt34990
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt050000
IRS990/OtherSalariesAndWagesGrp/TotalAmt050000
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0982682
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0544720
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0H Dean Mooty Jr
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Support of Marion Academy.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt014000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt014000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01037276
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01118600
IRS990/PYInvestmentIncomeAmt0178508
IRS990/PYOtherExpensesAmt0135706
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-106032
IRS990/PYSalariesCompEmpBnftPaidAmt067510
IRS990/PYTotalExpensesAmt01321816
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01215784
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-554535
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0719625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01460172
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01472234
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04165854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01046959
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08864844
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0152687
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0178508
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0128289
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt097940
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt096726
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0654150
IRS990ScheduleA/PublicSupportCY170Pct00.57530
IRS990ScheduleA/PublicSupportPY170Pct00.58560
IRS990ScheduleA/PublicSupportTotal170Amt05476364
IRS990ScheduleA/SubstantialContributorsTotAmt03388480
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0719625
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01460172
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01472234
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04165854
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01046959
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08864844
IRS990ScheduleA/TotalSupportAmt09518994
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt05206059
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0117550
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05682114
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0127208
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0485713
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04949285
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0153630
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt05206059
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0136556
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0239700
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04450837
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0287250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04949285
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0141387
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0352585
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04078591
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0114607
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04450837
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0128309
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0385948
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03615257
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt078908
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04078591
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt086029
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0470455
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt08715
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01447266
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvestmentExpensesNotIncldAmt01014
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0460191
IRS990ScheduleD/OtherExpensesIncludedAmt08715
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-8715
IRS990ScheduleD/RevenueNotReportedAmt0460191
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-7701
IRS990ScheduleD/RevenueSubtotalAmt0900432
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation serves as the custodian for the Alabama Military Hall of Honor, and the Marion Military Institute Alumni Brigade.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1To provide scholarships for students at Marion Military Institute.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2The Foundation has no uncertain tax positions that qualify for recognition in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Fundraising expenses -8,715.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Fundraising expenses 8,715.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XI, Line 4b - Other Adjustments:

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,748,515
Liabilities
$296,985
Net assets
$8,451,530
Revenue
$892,731
Expenses
$1,447,266
Net income
-$554,535
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.9$0.39$48.6$1.04$3.37$2.33
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.0$0.32$46.7$2.50$4.68$2.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.0$0.31$37.7$31.6$1.86$29.7
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.4$0.29$14.1$5.77$1.31$4.46
2020Detailed filing. Detailed filing data is available for this year.$8.75$0.30$8.45$0.89$1.45$0.55
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.80$0.26$8.55$1.04$1.32$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.76$0.24$8.52$1.55$2.17$0.62
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.90$0.22$8.69$4.52$2.23$2.29
2016Detailed filing. Detailed filing data is available for this year.$6.28$0.31$5.97$0.57$0.78$0.21
2015Detailed filing. Detailed filing data is available for this year.$6.03$0.26$5.77$0.87$0.87$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.68$0.12$5.56$1.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.15$0.11$5.04$1.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$0.08$2.36$0.43