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EIN 22-1905062

Marine Corps Scholarship Foundation

IRS 501(c) type
501(c)(3)
Num. employees
41
City
Alexandria
State
Virginia
Year formed
1962
Most recent tax filings
2023-06-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
The Marine Corps Scholarship Foundation provides scholarships to the children of Marines and Navy Corpsmen who attend post-high school, undergraduate, and career technical education programs. Edward Probert JR runs the foundation from Alexandria, VA.
Total revenues
$22,373,801
2023
Total expenses
$19,178,181
2023
Total assets
$160,956,122
2023
Num. employees
41
2023

Program areas at Marine Corps Scholarship Foundation

See schedule ofor the 2023-2024 academic year, the Marine Corps Scholarship Foundation awarded $10.8 million to 2,760 children of marines and navy corpsmen in all 50 states and overseas. The quality of the students we invest in, children raised by honorable Marine and navy corpsman parents, is highlighted in their academic accomplishments. They graduate at a rate of 91% (compared to 54% nationally), demonstrating that our investment in their education pays off. With 67% of our recipients reporting little to no debt at graduation (compared to 33% nationally), we are confident that our Scholarship support makes a significant impact in their lives after graduation.

Who funds Marine Corps Scholarship Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$4,936,640
Henry M. Rowan Family FoundationGeneral Support$350,000
Flatley FoundationScholarship Support$250,000
...and 115 more grants received totalling $8,426,501

Personnel at Marine Corps Scholarship Foundation

NameTitleCompensation
Edward ProbertPresident and Chief Executive Officer$314,308
Harold van OpdorpChief Operating Officer$198,985
Sarah TonizzoChief Financial Officer Starting May$140,042
Courtney BalsonChief Advancement Officer$163,288
Jeanna AdamsChief Scholarship Officer / Director , Scholarship Programs$153,597
...and 15 more key personnel

Financials for Marine Corps Scholarship Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$18,153,247
Program services$0
Investment income and dividends$4,722,866
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-3,966,202
Net income from fundraising events$3,459,749
Net income from gaming activities$3,627
Net income from sales of inventory$0
Miscellaneous revenues$514
Total revenues$22,373,801

Form 990s for Marine Corps Scholarship Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-13990View PDF
2022-062023-05-11990View PDF
2021-062022-04-07990View PDF
2021-062022-03-15990View PDF
2020-062021-04-14990View PDF
...and 14 more Form 990s
Data update history
August 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 10, 2024
Received grants
Identified 32 new grant, including a grant for $150,000 from Timothy T Day Foundation
August 3, 2024
Updated personnel
Identified 5 new personnel
July 13, 2024
Used new vendors
Identified 1 new vendor, including
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $100,000 from Indian River Community Foundation
Nonprofit Types
Grantmaking organizationsSchoolsMilitary and veteran charitiesHeadquarter / parent organizationsCharities
Issues
EducationMilitary and veterans
Characteristics
Fundraising eventsOperates internationallyNational levelEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
Address
909 N Washington St 400
Alexandria, VA 22314
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Alexandria city, VA
Website URL
mcsf.org/ 
Phone
(703) 549-0060
Facebook page
marinescholars 
Twitter profile
@marinescholars 
IRS details
EIN
22-1905062
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1962
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
095244
FTB Entity ID
1820563
AB 488 data last updated ("as-of") date
2024-11-06
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