- Financial information is accessible
- Inexpensive administrative expenses
- 97 percent revenue is spent on program delivery
Whenever possible, the Review Team uses information which was reported to the Internal Revenue Service on Form 990. Many organizations do not publish past years of their IRS Form 990. Marine Toy for Tots Foundation has published several past years of this form online.
As with most organizations, annual revenue and donations for Marine Toys for Tots Foundation is affected by economic fluctuations. Donations to the organization have varied year-by-year, but the general amount collected over the last four years, according to reported income on IRS Form 990 are reported as follows:
- 2015: $268,663,846
- 2014: $276,619,072
- 2013: $238,112,361
- 2012: $249,036,694
According to Marine Toys for Tots Foundation's 2015 Form 990, their CEO, H.P. Osman, has a reported annual salary of $270,500. The organization has a surprisingly low number of paid employees, with less that 20 reported on its 2015 IRS Form 990. Those working to implement the program are members of the United States Marine Corps Reserve and other volunteers. The total administrative expenses reported in 2015 is $4,288,004.
Marine Toys for Tots Foundation reported fundraising expenses of $6,177,547 on its 2015 IRS Form 990. The fundraising budget was .02 percent of their total income for the year. Marine Toys for Tots benefits from the widespread familiarity of their organization by not having to dedicate significant resources toward public relations and fundraising. This percentage places the organization among the top tier of charities as far as the company's income-to-fundraising ratio.
The percentage of revenue which goes back into the program for Marine Toys for Tots Foundation is outstanding in comparison with many other organizations. For every dollar raised, 97 cents is used for program costs. As a reference point, watchdog Charity Watch considers an organization a Top Rated Charity if an organization uses 80 percent of its income to provide its service. Marine Toys for Tots is very effective in program delivery and fiscal responsibility.
Accessible Financial Information
Marine Toys for Tots published their annual reports for the last two years, which at the writing of this review is 2014 and 2015. The organization also published their IRS Form 990 for 2012-2015. While not considerably significant, the organization's publication of annual reports for the same timeframe would improve their transparency.
Marine Toys for Tots Foundation has been recognized for its outstanding fiscal responsibility and the above-average ratio of total annual revenue to program delivery. Many of these have been annual recognitions. Among Marine Toys for Tots' achievements which have been recognized are:
- Charity Navigator, an independent charity watchdog organization which rates charitable organizations on their financial transparency, program percentage, etc. awarded Marine Toys for Tots with four stars (out of four).
- Chronicle of Philanthropy ranked Marine Toys for Tots as Foundation #267 on their Philanthropy 400 list
- DMA Nonprofit Federation named Marine Toys for Tots "Outstanding Nonprofit Organization of the Year."
- Chronicle of Philanthropy ranked Marine Toys for Tots as Foundation #341 on their Philanthropy 400 list.
- Starburst ranked Marine Toys for Tots' website as #9 in its "Top 100 Toy Website."
- Readers Digest (November, 2003) named the organization as "America's Best Children's Charity."
- Forbes Magazine included Marine Toys for Tots on its "Gold Star List" of charitable organizations.
Many of these awards have been repeated on an annual basis.