Marine Toys for Tots Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Marine Toys for Tots Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to assist the U.S. Marine Corps in providing a tangible sign of hope to economically disadvantaged children at Christmas"
Year, State Incorporated:
2005, VA
Also Known As:
Toys for Tots
Marine Toys for Tots Foundation (Toys for Tots) supports the U.S. Marine Corps Reserve Toys for Tots Program by raising funds to provide toys to supplement the collections of local Toys for Tots campaigns. The organization also provides administrative, advisory, financial, logistical and promotional support to local Toys for Tots campaigns; defrays the costs of conducting the annual Toys for Tots campaign; offers other support that the U.S. Marine Corps, as a federal agency, cannot provide; and conducts public education and information programs about Toys for Tots that call the general public to action in support of this community program. In 2023, Toys for Tots reports that it distributed 25,538,831 toys and books to over 10.2 million children. Some ($4,882,456 or 1%) of MTFTF's program activities are carried out in conjunction with fundraising appeals.
For the year ended December 31, 2023, Marine Toys for Tots Foundation's program expenses were:
Toy distribution program: $367,349,926
Education program: $4,970,539
Total Program Expenses: $372,320,465
Chief Executive
James B. Laster, President and Chief Executive Officer
Compensation*
$438,606
Chair of the Board
Robert E. Milstead, Jr.
Chair's Profession / Business Affiliation
Managing Partner, REM Strategies, LLC
Board Size
13
Paid Staff Size
25
*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Internet, Direct mail appeals, Radio, Special events, Foundation grants, Print advertisements
Toys for Tots incurred joint costs of $11,624,898 for informational materials and activities that included fundraising materials. Of those costs $6,742,442 was allocated to fundraising expenses and $4,882,456 was allocated to program expenses.
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $363,146,054, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Marine Toys for Tots Foundation's audited financial statements for the year ended December 31, 2023.
Source of Funds
| In-kind contributions | $288,953,803 |
| Direct mail | $27,948,367 |
| Individual contributions | $36,383,443 |
| Corporate contributions | $9,682,951 |
| Combined federal campaign | $77,907 |
| Unrealized and realized gain on investments, net | $8,343,637 |
| Other revenue | $300,059 |
| Events | $99,583 |
| Interest and dividends, net | $4,490,579 |
| Total Income | $376,280,329 |
Programs: 97% Fundraising: 3% Administrative: 0%
| Total Income | $376,280,329 |
| Total expenses: | $385,153,291 |
| Program expenses | $372,320,465 |
| Fundraising expenses | $11,069,227 |
| Administrative expenses | $1,763,599 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-8,872,962 |
| Beginning Net Assets | $217,953,389 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $209,080,427 |
| Total Liabilities | $6,241,552 |
| Total Assets | $215,321,979 |
Note: According to the organization's 2023 audited financial statements, Toys for Tots received in-kind contributions totaling $288,953,803 in the form of toys ($279,317,335), media services ($7,017,536), warehouse storage ($2,087,833), packaging boxes and shipping ($463,721), and legal fees ($67,378).
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This report is not to be used for fundraising or promotional purposes.
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Standards Not Met
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Review in Progress
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Report completed by:
BBB Wise Giving Alliance