Marines' Memorial Foundation
Nonprofit profile at a glance
- EIN
- 455261064
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-N 2011
- Location
- San Francisco, CA, USA
- Phone
- 4156736672
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $1,296,558
- Expenses
- $522,899
- Assets
- $1,305,909
- Liabilities
- $8,871
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- LTGEN MICHAEL ROCCOUSMCRET (PRESIDENT & CEO)
Highest reported compensation
- LTGEN MICHAEL ROCCOUSMCRET (PRESIDENT & CEO): $310,482 total reported compensation
- MICHAEL ALLEN (TREASURER): $259,333 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
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.
What it reported doing in 2024
Non-profit entities: the foundation hosts and directly supports a variety of non-profit organizations both local and from afar. These organizations provide culture and entertainment opportunities to educate and a location to expand their mission. For example, annual gold star parents show honor and remembrance at marines' memorial, an event that provides a safe and compassionate environment where families come together to commemorate their loved ones killed in action, bond over their shared grief, receive support services and counseling specific to their current situation and build a lasting community at little to no cost to them. What started as a few families informally coming together for a reprieve from grief has grown to more than 100 gold star parents and their children participating in a professional support offering.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 71
- Accountability: 91
- Sustainability: 79
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39.1%; rating input score 39
- Program expense ratio: 95.6%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 59.7%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 2.5; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 7.6%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: -1.1% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 23.6% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 39.1% of revenue deployed · 95.6% of spending went to programs
- Governance: 16 of 16 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $500K in reported program spending
- Leadership: top reported pay $310K · 20 people listed · 0 of 6 pay-setting controls reported
- Consistency: 18 of 18 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 11 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.