Marine Toys for Tots Foundation meets the 20 Standards for Charity Accountability.
Marine Toys for Tots Foundation (MTFTF) 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. Some ($4,417,075 or 1%) of MTFTF's program activities are carried out in conjunction with fundraising appeals.
For the year ended December 31, 2021, Marine Toys for Tots Foundation's program expenses were:
Toy distribution |
$330,755,831 |
Education |
$4,416,058 |
Total Program Expenses: |
$335,171,889 |
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Chief Executive
James B. Laster, President and Chief Executive Officer
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Compensation*
$316,940
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Chair of the Board
Lieutenant Robert E. Milstead
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Chair's Profession / Business Affiliation
Managing Partner, REM Strategies, LLC
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Board Size
12
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Paid Staff Size
22
*2021 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Internet, Invitations to fund raising events, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.), Cause- related marketing (affinity credit cards, consumer product sales, etc.), Other
MTFTF incurred joint costs of $11,042,689 for informational materials and activities that included fundraising materials. Of those costs $6,625,614 was allocated to fundraising expenses and $4,417,075 was allocated to program expenses.
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $355,253,915, 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, 2021.
Source of Funds |
In-kind contributions |
$268,588,172 |
Individual |
$39,380,982 |
Direct mail |
$31,444,315 |
Corporate |
$15,589,223 |
Interest and dividends, net |
$8,501,233 |
Unrealized and realized gain on investments, net |
$7,255,138 |
Other |
$278,743 |
Events |
$130,233 |
Combined Federal Campaign |
$120,990 |
Total Income |
$371,289,029 |
- Programs: 97%
- Fundraising: 3%
- Administrative: Less than 1%
Total Income |
$371,289,029 |
Program expenses |
$335,171,889 |
Fundraising expenses |
$9,098,268 |
Administrative expenses |
$1,280,383 |
Other expenses |
$0 |
Total expenses: |
$345,550,540 |
Income in Excess of Expenses |
$25,738,489 |
Beginning Net Assets |
$220,418,421 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$246,156,910 |
Total Liabilities |
$7,784,187 |
Total Assets |
$253,941,097 |
Note: According to the organization's 2021 audited financial statements, MTFTF received in-kind contributions totaling $268,588,172 in the form of toys ($260,765,585) and donated services ($7,822,587).