Civic Intelligence

Marines' Memorial Foundation

990 • Fiscal year 2013 • EIN 45-5261064

Jul 01, 2012 to Jun 30, 2013 • Filed on Nov 14, 2013

609 Sutter St Suite 2MSan Francisco, CA 94102
Siviq Scores

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

Liabilities / Assets

99th percentile

7.51x

Higher debt load relative to assets than 99% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

94th percentile

0.78x

Higher debt load relative to revenue than 94% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

6th percentile

-68%

Higher net margin than 6% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

$38,157

No earlier filing loaded for comparison.

Net Assets

-$248,571

No earlier filing loaded for comparison.

Liabilities

$286,728

No earlier filing loaded for comparison.

Revenue

$366,195

No earlier filing loaded for comparison.

Expenses

$614,766

No earlier filing loaded for comparison.

Net Income

-$248,571

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2013: $38,157Liabilities 2013: $286,728Net Assets 2013: -$248,5712013Assets 2014: $55,795Liabilities 2014: $295,597Net Assets 2014: -$239,8022014Assets 2015: $58,235Liabilities 2015: $412,776Net Assets 2015: -$354,5412015Assets 2017: $76,839Liabilities 2017: $72,608Net Assets 2017: $4,2312017Assets 2018: $29,762Liabilities 2018: $30,922Net Assets 2018: -$1,1602018Assets 2019: $147,945Liabilities 2019: $139,460Net Assets 2019: $8,4852019Assets 2020: $432,357Liabilities 2020: $228,089Net Assets 2020: $204,2682020Assets 2021: $514,912Liabilities 2021: $49,573Net Assets 2021: $465,3392021Assets 2022: $442,781Liabilities 2022: $0Net Assets 2022: $442,7812022Assets 2023: $481,774Liabilities 2023: $46,132Net Assets 2023: $435,6422023Assets 2024: $518,272Liabilities 2024: $0Net Assets 2024: $518,2722024

Highlighted filing

2013

Assets$38,157
Liabilities$286,728
Net Assets-$248,571

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $366,195Expenses 2013: $614,766Net Income 2013: -$248,5712013Revenue 2014: $584,034Expenses 2014: $575,265Net Income 2014: $8,7692014Revenue 2015: $510,588Expenses 2015: $625,327Net Income 2015: -$114,7392015Revenue 2017: $724,069Expenses 2017: $726,012Net Income 2017: -$1,9432017Revenue 2018: $753,627Expenses 2018: $759,018Net Income 2018: -$5,3912018Revenue 2019: $801,587Expenses 2019: $791,600Net Income 2019: $9,9872019Revenue 2020: $955,881Expenses 2020: $760,098Net Income 2020: $195,7832020Revenue 2021: $443,879Expenses 2021: $182,808Net Income 2021: $261,0712021Revenue 2022: $442,342Expenses 2022: $464,900Net Income 2022: -$22,5582022Revenue 2023: $523,239Expenses 2023: $530,378Net Income 2023: -$7,1392023Revenue 2024: $602,157Expenses 2024: $519,527Net Income 2024: $82,6302024

Highlighted filing

2013

Revenue$366,195
Expenses$614,766
Net Income-$248,571
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Nov 14, 2013
Return Version
2012v2.1
Gross Receipts
$366,195
Mission and Program Overview

Mission

The mission of the foundation is to honor the legacy of military service through its programs and by its direct support of the marines' memorial association in fulfilling its mission to commemorate the sacrifices of our nation's veterans, educate the public about those sacrifices, and serve veterans of all eras, to include currently serving members of the armed forces and their families.

Major Activities

Activity 2
Performing arts organizations and civic groups program services: marines' memorial theatre provides a perfect location for small performing arts organizations that can't afford the larger commercial theatres and local charitable organizations, civic groups and educational institutions to have special events. Graduation ceremonies, galas, benefit performances and government meetings all take place in the centrally located theatre.
Activity 3
Programs honoring veterans and military families: the theatre's location in the historic marines' memorial club make it the ideal venue for events serving and honoring active duty, former and retired members of our armed forces and their families. We annually host the gold star families weekend where the parents of armed forces members who have lost their lives can gather to connect with others who have suffered the same loss. They are acknowledged and honored in a moving ceremony in the theatre. They are also offered grief counseling and a place to share memories of their loved ones. We also host a variety of speakers from the top ranks of the military and concerts of military bands, in most cases these events are offered free of charge to the public.
Filing and Contact Details

Filer

EIN
45-5261064
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IRS990/Activity3/Description0PROGRAMS HONORING VETERANS AND MILITARY FAMILIES: THE THEATRE'S LOCATION IN THE HISTORIC MARINES' MEMORIAL CLUB MAKE IT THE IDEAL VENUE FOR EVENTS SERVING AND HONORING ACTIVE DUTY, FORMER AND RETIRED MEMBERS OF OUR ARMED FORCES AND THEIR FAMILIES. WE ANNUALLY HOST THE GOLD STAR FAMILIES WEEKEND WHERE THE PARENTS OF ARMED FORCES MEMBERS WHO HAVE LOST THEIR LIVES CAN GATHER TO CONNECT WITH OTHERS WHO HAVE SUFFERED THE SAME LOSS. THEY ARE ACKNOWLEDGED AND HONORED IN A MOVING CEREMONY IN THE THEATRE. THEY ARE ALSO OFFERED GRIEF COUNSELING AND A PLACE TO SHARE MEMORIES OF THEIR LOVED ONES. WE ALSO HOST A VARIETY OF SPEAKERS FROM THE TOP RANKS OF THE MILITARY AND CONCERTS OF MILITARY BANDS, IN MOST CASES THESE EVENTS ARE OFFERED FREE OF CHARGE TO THE PUBLIC.
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IRS990/MissionDescription0THE MARINES' MEMORIAL THEATRE IS A VENUE FOR LEASE. IT IS OPERATED AS A COMMUNITY THEATRE FOR COMMERCIAL AND NON-PROFIT ORGANIZATIONS PRESENTING ENTERTAINMENT, LECTURES AND PERFORMANCES, BOOK DISCUSSIONS, ETC. FOR THE GENERAL PUBLIC AND FOR ACTIVE DUTY AND RETIRED MILITARY PERSONNEL.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0MARINES' MEMORIAL ASSOCIATION AND ITS AFFILIATE, MARINES' MEMORIAL THEATRE, HAVE IMPLEMENTED THE GUIDANCE FOR INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 AS IT RELATES TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE TREATMENT OF THE ENTITIES' POSITION OF ACCOUNTING FOR INCOME TAXES RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE GUIDANCE ALSO PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT STANDARD FOR THE CONSOLIDATED FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF AN INCOME TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN THE TAX RETURN. IN ADDITION, IT PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE ENTITIES HAVE NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2013. WITH FEW EXCEPTIONS, THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2010.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/OtherLiabilities/Amount013825
IRS990ScheduleD/OtherLiabilities/Description0DEPOSITS
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IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0MAJ GEN J MICHAEL MYATT USMC RET
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1MICHAEL ALLEN
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IRS990ScheduleJ/Form990ScheduleJPartII/Title0CHAIRMAN
IRS990ScheduleJ/Form990ScheduleJPartII/Title1GENERAL MANAGER
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IRS990ScheduleO/GeneralExplanation/Explanation0THE TAX RETURN IS REVIEWED BY THE CHIEF FINANCIAL OFFICER BEFORE BEING SUBMITTED TO THE CHIEF EXECUTIVE OFFICER FOR SIGNATURE. BOTH THE CFO AND CEO ARE ASSOCIATED WITH THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation1MARINES' MEMORIAL THEATRE'S TOP MANAGEMENT OFFICIALS, OFFICERS AND KEY EMPLOYEES ARE COMPENSATED BY ITS RELATED ORGANIZATION. THE HUMAN RESOURCES DIRECTOR OF THE RELATED ORGANIZATION IS RESPONSIBLE FOR MAKING RECOMMENDATIONS FOR EVALUATING ALL EMPLOYEES. THE COMPENSATION OF OFFICERS, DIRECTORS, AND KEY EMPLOYEES IS COMPARED WITH EXECUTIVE COMPENSATION OF SIMILAR ORGANIZATIONS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE PUBLIC CAN REQUEST AND RECEIVE COPIES OF THE ARTICLES OF INCORPORATION, THE BY-LAWS, THE CONFLICT OF INTEREST POLICY, AND THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/GeneralExplanation/Explanation3THE ORGANIZATION DID NOT HAVE CONFLICT OF INTEREST, EMPLOYEE PROTECTION WHISTLEBLOWER, AND DOCUMENT DESTRUCTION POLICIES IN PLACE DURING THE JUNE 30, 2013 FISCAL YEAR. HOWEVER, THESE POLICIES HAVE NOW BEEN APPROVED BY A MAJORITY OF THE BOARD IN A SUBSEQUENT EVENT AND THEY WILL BE ADOPTED FOR THE JUNE 30, 2014 FISCAL YEAR, AND GOING FORWARD.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3990, PART VI, LINES 12, 13, & 14
IRS990/ScheduleORequired01
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10609 SUTTER ST SUITE 2M
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IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10MARINES' MEMORIAL ASSOCIATION
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0SERVICING VETERANS OF THE ARMED FORCES
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