The Marina Foundation

Nonprofit profile at a glance

EIN
300570874
IRS 990-EZ coverage
2018–2025
Forms available
Form 990-EZ 2025, Form 990-N 2012
Location
Marina, CA, USA
Phone
8317174117
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$97,348
Expenses
$87,519
Assets
$237,847

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Steve Emerson (President)
  • Linda Wight (Vice President)

People named in this filing

  • Steve Emerson (President)
  • Donald Livermore (Director)
  • Carl Faria (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Marina Foundation award scholarships and/or grants to deserving Marina residents, to support educational programs that benefit Marina students, and to support financially those organizations and events that benefit the community.

What it reported doing in 2025

Scholarships for graduating High School seniors either attending Marina High School through the Marina Founders Scholarship (formerly Don Livermore), the Capt. Gordon Nakagawa Scholarship, the Wight Family AVID Scholarship, the Timothy C Wheelis Memorial Scholarship, the Roger Williams Memorial Scholarship or by residing in Marina and attending a school in Monterey County through the Jack Stewart College Scholarship.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 81% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 100
  • Sustainability: 56
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.3%; rating input score 84
  • Program expense ratio: 93.8%; rating input score 94

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 10.1%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 2.72; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 1.7% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: -1.8% per year; rating input score 0; 43rd percentile among comparable filings
  • Asset growth: 9.5% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 84.3% of revenue deployed · 93.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $82K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 8 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.