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Filing year 2023

MARINE CORPS SCHOLARSHIP FOUNDATION INC

Alexandria, Virginia·EIN 22-1905062·NTEE B82Z · Education·501(c)(3)
Total revenue
$21.3M
Total assets
$176.8M
Total expenses
$21M
Reported officers
40
Mission

SEE SCHEDULE OTHE MARINE CORPS SCHOLARSHIP FOUNDATION IS THE NATION'S OLDEST AND LARGEST PROVIDER OF NEED-BASED SCHOLARSHIPS TO MILITARY CHILDREN. FOUNDED IN 1962, THE MARINE CORPS SCHOLARSHIP FOUNDATION PROVIDES ACCESS TO EDUCATION FOR THE CHILDREN OF MARINES, NAVY CORPSMEN, AND RELIGIOUS PROGRAM SPECIALISTS ATTENDING POST-HIGH SCHOOL, UNDERGRADUATE, AND CAREER TECHNICAL EDUCATION PROGRAMS. THROUGHOUT OUR HISTORY, WE HAVE AWARDED NEARLY 60,000 SCHOLARSHIPS VALUED AT MORE THAN $220 MILLION. EVERY QUALIFIED STUDENT WHO HAS APPLIED HAS RECEIVED AID.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Virginia.

President and CEO
75th to 90th percentile
$353k
$387k
Base
$280k
Bonus
$52k
Other
Benefits
$4k
Chief Financial Officer
75th to 90th percentile
$238k
$260k
Base
$215k
Bonus
Other
Benefits
$15k
Chief Operating Officer
Median to 75th percentile
$226k
$247k
Base
$214k
Bonus
Other
Benefits
$960
Chief Advancement Officer
Highest Compensated Employee
Median to 75th percentile
$201k
$221k
Base
$177k
Bonus
Other
Benefits
$15k
Chief Scholarship Officer
Highest Compensated Employee
Median to 75th percentile
$199k
$218k
Base
$175k
Bonus
$5k
Other
Benefits
$10k
Director of Development
Median to 75th percentilevs Education peers nationwide
$159k
$174k
Base
$143k
Bonus
Other
Benefits
$9k
Director of National Events
Highest Compensated Employee
25th percentile to median
$149k
$163k
Director of Communications
Director (Operational)
Median to 75th percentile
$142k
$156k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 32 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at MARINE CORPS SCHOLARSHIP FOUNDATION INC equaled 2% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
2%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 6%
from 2022

From $331k in 2022 to $353k in 2023.

$331k
2022
$353k
2023
In today's dollarsEst.
Up 3% in real terms$375k to $387k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 6% from 2022 to 2023, while revenue fell 5%.

$331k in 2022 to $353k in 2023.
  • Chief Financial Officer pay rose 61% from 2022 to 2023.
  • Chief Operating Officer pay rose 11% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MARINE CORPS SCHOLARSHIP FOUNDATION INC

What does the Chief Executive Officer of MARINE CORPS SCHOLARSHIP FOUNDATION INC earn?

In 2023, the Chief Executive Officer of MARINE CORPS SCHOLARSHIP FOUNDATION INC received $352,864 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Education organizations in Virginia, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MARINE CORPS SCHOLARSHIP FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Education organizations in Virginia, the 2023 pay of the Chief Executive Officer at MARINE CORPS SCHOLARSHIP FOUNDATION INC falls between the 75th and 90th percentiles. In 2023, the highest total compensation at MARINE CORPS SCHOLARSHIP FOUNDATION INC equaled 2% of the organization's total expenses. The median for education organizations is 7%.

What are MARINE CORPS SCHOLARSHIP FOUNDATION INC's revenue and expenses?

In 2023, MARINE CORPS SCHOLARSHIP FOUNDATION INC reported $21.3M in total revenue and $21M in total expenses on its IRS Form 990.

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