2024-11-15T13:55:14-06:00 2023-12-31 721396621 CARR RIGGS & INGRAM LLC 402 E TYLER AVENUE HARLINGEN TX 78550 990 2023-01-01 061803198 MARINE MILITARY ACADEMY FOUNDATION MARI 9564236006 320 IWO JIMA BOULEVARD HARLINGEN TX 78550 JOHN D BUTLER TREASURER 9564236006 2024-11-15 1 0 JONATHAN E HALL CPA P01524578 9564233765 2024-11-11 2023 2024-10-15 13:58:12Z CHRISTOPHER S DOWLING 320 IWO JIMA BOULEVARD HARLINGEN TX 78550 514077 0 X N/A X 2007 TX THE MARINE MILITARY ACADEMY FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF MARINE MILITARY ACADEMY, INC., A COLLEGE PREPARATORY BOARDING SCHOOL FOR YOUNG MEN GRADES 7 THROUGH 12. 10 8 0 8 0 0 2103 18520 0 0 96604 102038 0 0 98707 120558 302965 358720 0 0 0 0 0 0 0 22007 21816 324972 380536 -226265 -259978 5476646 5880392 0 0 5476646 5880392 THE MARINE MILITARY ACADEMY FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF MARINE MILITARY ACADEMY, INC., A COLLEGE PREPARATORY BOARDING SCHOOL FOR YOUNG MEN GRADES 7 THROUGH 12. 0 0 358720 358720 THE MARINE MILITARY ACADEMY FOUNDATION PROVIDES SCHOLARSHIP FUNDS FOR STUDENTS TO ATTEND THE MARINE MILITARY ACADEMY, INC. AND FUNDS TO SUPPORT THE OPERATIONS OF THE MARINE MILITARY ACADEMY, INC. ALL EXPENSES ARE ATTRIBUTABLE TO THE MARINE MILITARY ACADEMY FOUNDATION. THE MARINE MILITARY ACADEMY IS A COLLEGE PREPARATORY BOARDING SCHOOL FOR YOUNG MEN IN GRADES 7-12 AND SERVED 266 ACADEMIC YEAR CADETS AND 405 SUMMER CAMPERS DURING 2023. THE ACADEMY DEVELOPS DISCIPLINED, MORALLY STRONG, COLLEGE READY YOUNG MEN WHO ARE PREPARED FOR RESPONSIBLE LEADERSHIP. 358720 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X X CHRISTOPHER S DOWLING 9564236006 320 IWO JIMA BLVD HARLINGEN TX 78550 CHRISTOPHER S DOWLING PRESIDENT 0.50 40.00 X X 0 191199 67972 JOHN D BUTLER TREASURER 0.50 40.00 X X 0 160886 49436 RICKY LEAL SECRETARY 0.50 X X 0 0 0 EDGAR D ARONSON DIRECTOR 0.50 X 0 0 0 THOMAS M BROWNELL DIRECTOR 0.50 X 0 0 0 JOHN HEINER DIRECTOR 0.50 X 0 0 0 ROBERT G HILL DIRECTOR 0.50 X 0 0 0 WENDELL F JOHNSON DIRECTOR 0.50 X 0 0 0 KEVIN CAMPBELL DIRECTOR 0.50 X 0 0 0 JASON CARTER DIRECTOR 0.50 X 0 0 0 0 352085 117408 0 0 1 0 0 18520 18520 138595 138595 356962 393519 -36557 -36557 -36557 120558 -36557 0 138595 358720 358720 2500 2500 8770 8770 10546 10546 380536 358720 21816 0 4719 11969 188322 314612 5283605 5553811 5476646 5880392 0 0 X 5476646 5880392 5476646 5880392 5476646 5880392 -259978 663724 0 X 0 1 X 1 0 X X 1 MARINE MILITARY ACADEMY 741507957 2 1 358720 0 1 358720 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 130564 138596 130564 138596 0 0 22007 21816 0 0 108557 116780 5789821 5379951 131677 243062 0 0 5921498 5623013 0 0 0 5921498 5623013 88822 84345 5832676 5538668 204144 193853 0 0 204144 193853 108557 92273 204144 204144 0 204144 358720 0 0 0 0 0 358720 358720 204144 100.000000000000 204144 154020 0 0 0 0 0 0 0 0 0 0 358720 154020 204144 556 0 0 556 0 0 0 0 556 PART IV, SECTION D, LINE 3 - ROLE OF SUPPORTED ORGANIZATIONS THE MARINE MILITARY ACADEMY HAS A SIGNIFICANT VOICE IN DIRECTING THE MARINE MILITARY ACADEMY FOUNDATION'S USE OF INVESTMENTS AND ASSETS. THE PRESIDENT OF THE MARINE MILITARY ACADEMY IS A NON-VOTING MEMBER OF THE MARINE MILITARY ACADEMY'S BOARD OF DIRECTORS. THIS PERSON IS ALSO A VOTING MEMBER OF THE MARINE MILITARY ACADEMY FOUNDATION'S BOARD OF DIRECTORS. THE CFO/PROVOST OF THE MARINE MILITARY ACADEMY IS ALSO A VOTING MEMBER OF THE MARINE MILITARY ACADEMY FOUNDATION'S BOARD OF DIRECTORS. THE DIRECTORS AND MANAGEMENT OF THE MARINE MILITARY ACADEMY AND THE DIRECTORS AND MANAGEMENT OF THE MARINE MILITARY ACADEMY FOUNDATION DISCLOSE FINANCIAL INFORMATION OF THEIR RESPECTIVE ORGANIZATIONS AT EACH OF THE BOARDS OF DIRECTORS' ANNUAL MEETINGS. PART V, SECTION D, LINE 8 - DISTRIBUTIONS TO SUPPORTED ORGS ATTENTIVE SUPPORTED ORGANIZATIONS TO WHICH THE MARINE MILITARY ACADEMY FOUNDATION IS RESPONSIVE: MARINE MILITARY ACADEMY 74-1507957 THE PRESIDENT OF THE MARINE MILITARY ACADEMY IS A NON-VOTING MEMBER OF THE MARINE MILITARY ACADEMY'S BOARD OF DIRECTORS. THIS PERSON IS ALSO A VOTING MEMBER OF THE MARINE MILITARY ACADEMY FOUNDATION'S BOARD OF DIRECTORS. THE CFO/PROVOST OF THE MARINE MILITARY ACADEMY IS A VOTING MEMBER OF THE MARINE MILITARY ACADEMY FOUNDATION'S BOARD OF DIRECTORS. THE DIRECTORS AND MANAGEMENT OF THE MARINE MILITARY ACADEMY AND THE DIRECTORS AND MANAGEMENT OF THE MARINE MILITARY ACADEMY FOUNDATION DISCLOSE FINANCIAL INFORMATION OF THEIR RESPECTIVE ORGANIZATIONS AT EACH OF THE BOARDS OF DIRECTORS' ANNUAL MEETINGS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5476646 18520 765762 358720 21816 5880392 6752634 2103 -953119 302965 22007 5476646 6256827 3260 805315 287836 24932 6752634 6250573 3758 579517 276464 300557 6256827 5621928 1156 918384 269442 21453 6250573 0.69830 0.30170 1 0 0 X 773736 663724 663724 110012 10546 10546 120558 369990 0 369990 10546 10546 380536 PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS ARE TO PROVIDE SCHOLARSHIPS FOR STUDENTS TO ATTEND THE MARINE MILITARY ACADEMY, INC. AND TO SUPPORT THE OPERATIONS OF THE MARINE MILITARY ACADEMY, INC. PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS NO PROVISION FOR FEDERAL INCOME TAXES. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). THE FOUNDATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2023, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 MARINE MILITARY ACADEMY 320 IWO JIMA BLVD HARLINGEN TX 78550 741507957 358720 0 SCHOLARSHIPS/SUPPORT PART 1, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE MARINE MILITARY ACADEMY FOUNDATION BOARD OF DIRECTORS APPROVES ALL GRANTS TO THE MARINE MILITARY ACADEMY. THE FOUNDATION TREASURER REPORTS THESE GRANTS TO THE MARINE MILITARY ACADEMY WITH ANY RESTRICTIONS OR DESIGNATIONS. THE CFO/PROVOST OF THE MARINE MILITARY ACADEMY, WITH OVERSIGHT BY THE PRESIDENT OF THE MARINE MILITARY ACADEMY, REPORTS THE RECEIPT AND DISPOSITION OF GRANT FUNDS TO THE MARINE MILITARY ACADEMY FOUNDATION BOARD AT THE FIRST SCHEDULED MEETING AFTER RECEIPT OF THE GRANT FUNDS BY THE MARINE MILITARY ACADEMY. 0 0 0 0 0 0 0 0 0 CHRISTOPHER S DOWLING PRESIDENT 0 176199 0 15000 0 0 0 9298 0 58674 0 259171 0 0 JOHN D BUTLER TREASURER 0 150886 0 10000 0 0 0 7940 0 41496 0 210322 0 0 PART I, LINE 3 COMPENSATION PROCESS FOR TOP OFFICIAL OF RELATED ORGANIZATION THE RELATED ORGANIZATION MARINE MILITARY ACADEMY (ACADEMY) USES THE FOLLOWING PROCESS TO DETERMINE THE COMPENSATION OF THE ACADEMY'S TOP OFFICIAL. THE ACADEMY BOARD OF TRUSTEES CONTRACTS MCDANIEL & ASSOCIATES, INC. TO PROVIDE COMPARABILITY DATA FOR ALL ACADEMY OFFICERS AND KEY EMPLOYEES FOR REVIEW PRIOR TO APPROVAL OF COMPENSATION AGREEMENTS. UPON REVIEW OF THE COMPARABILITY DATA, COMPENSATION AGREEMENTS ARE PROPOSED BY THE ACADEMY EVALUATION AND COMPENSATION COMMITTEE TO THE ACADEMY BOARD OF TRUSTEES AND PRESENTED FOR ACADEMY BOARD VOTE. ONCE THE ACADEMY BOARD HAS APPROVED ALL COMPENSATION AGREEMENTS, THE AGREEMENTS ARE FINALIZED. COL CHRISTOPHER S DOWLING USMC R PRESIDENT 191199 EMPLYEE/MMA 0 DR JOHN D BUTLER CFO/PROVOST 160886 EMPLYEE/MMA 0 PART IV, LINE 1 COL. CHRISTOPHER S. DOWLING, USMC (RET) IS PRESIDENT OF MARINE MILITARY ACADEMY, INC. AND PRESIDENT OF MARINE MILITARY ACADEMY FOUNDATION. DURING THE CALENDAR YEAR 2023, DOWLING RECEIVED $191,199 OF REPORTABLE COMPENSATION FROM MARINE MILITARY ACADEMY, INC. AND RECEIVED NO REPORTABLE COMPENSATION FROM MARINE MILITARY ACADEMY FOUNDATION.PART IV, LINE 2 DR. JOHN BUTLER IS CFO/PROVOST OF MARINE MILITARY ACADEMY, INC. AND TREASURER OF MARINE MILITARY ACADEMY FOUNDATION. DURING THE CALENDAR YEAR 2023, BUTLER RECEIVED $160,886 OF REPORTABLE COMPENSATION FROM MARINE MILITARY ACADEMY, INC. AND RECEIVED NO REPORTABLE COMPENSATION FROM MARINE MILITARY ACADEMY FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B MARINE MILITARY ACADEMY FOUNDATION MANAGEMENT ASSEMBLES A DRAFT OF THE 990 FROM INFORMATION IN THE FOUNDATION'S BOOKS AND RECORDS. THE FOUNDATION'S INDEPENDENT ACCOUNTING FIRM COMPLETES THE 990. BEFORE THE 990 IS FILED WITH THE IRS, A COPY OF THE COMPLETED RETURN IS SENT TO EACH MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C PERIODIC REVIEWS ARE CONDUCTED BY THE PRESIDENT AND TREASURER TO ENSURE THAT THE MARINE MILITARY ACADEMY FOUNDATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. AS PART OF REGULAR OPERATIONS, ALL TRANSACTIONS ARE SUBJECT TO REVIEW IN AN EFFORT TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST BY ANY INTERESTED PARTY. MARINE MILITARY ACADEMY 320 IWO JIMA BLVD HARLINGEN TX 78550 741507957 COLLEGE PREPARATORY BOARDING SCHOOL TX 501(C)(3) LINE 2 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 NA