2022-09-12T10:27:19-05:00 2021-12-31 721396621 CARR RIGGS & INGRAM LLC 402 E TYLER AVENUE HARLINGEN TX 78550 990 2021-01-01 061803198 MARINE MILITARY ACADEMY FOUNDATION MARI 9564236006 320 IWO JIMA BOULEVARD HARLINGEN TX 78550 JOHN D BUTLER TREASURER 9564236006 2022-09-09 1 JOHN BUTLER XXX-XX-XXXX QUENTIN ANDERSON CPA P01293122 9564233765 2022-09-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHRISTOHER S DOWLING 320 IWO JIMA BOULEVARD HARLINGEN TX 78550 6324554 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. 8 6 0 6 0 0 1058 3260 0 0 439516 1280760 0 0 440574 1284020 276464 287836 0 0 0 0 0 0 0 300557 24932 577021 312768 -136447 971252 6259327 6752634 2500 0 6256827 6752634 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 287836 287836 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 239 ACADEMIC YEAR CADETS AND 235 SUMMER CAMPERS DURING 2021. THE ACADEMY DEVELOPS DISCIPLINED, MORALLY STRONG, COLLEGE READY YOUNG MEN WHO ARE PREPARED FOR RESPONSIBLE LEADERSHIP. 287836 1 0 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 8 6 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 192630 61076 JOHN D BUTLER TREASURER 0.50 40.00 X X 0 154192 43907 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 0 346822 104983 0 0 1 0 0 3260 3260 140596 140596 6180698 5040534 1140164 1140164 1140164 1284020 1140164 0 140596 287836 287836 2500 2500 7500 7500 14932 14932 312768 287836 24932 0 1142 14066 579158 83617 5679027 6654951 6259327 6752634 2500 0 2500 0 X 6256827 6752634 6256827 6752634 6259327 6752634 971252 -475445 0 X 0 1 X 1 0 X X 1 MARINE MILITARY ACADEMY 741507957 2 1 287836 0 1 287836 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 36694 1025524 0 0 70741 140596 107435 1166120 0 0 300557 24932 0 0 -193122 1141188 5292731 6212839 544921 369922 0 0 5837652 6582761 0 0 0 5837652 6582761 87565 98741 5750087 6484020 201253 226941 0 0 201253 226941 -193122 -164154 201253 201253 0 201253 287836 0 0 0 0 0 287836 287836 201253 100.000000000000 201253 0 0 0 0 149978 276464 426442 0 201253 0 225189 287836 0 287836 0 0 513025 0 0 0 225189 287836 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. 6256827 3260 805315 287836 24932 6752634 6250573 3758 579517 276464 300557 6256827 5621928 1156 918384 269442 21453 6250573 6138416 1500 -228497 268639 20852 5621928 5615144 799602 256335 19995 6138416 0.00000 0.60510 0.39490 1 0 0 X 793643 -475445 -475445 1269088 14932 14932 1284020 297836 0 297836 14932 14932 312768 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 APPLIES THE PROVISIONS OF FASB ASC 740 IN ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THESE PROVISIONS PRESCRIBE A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2021, THE FOUNDATION REPORTS NO UNCERTAIN TAX POSITIONS AND THEREFORE HAS NOT RECORDED ANY UNRECOGNIZED TAX BENEFITS OR LIABILITIES. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2018. 1 MARINE MILITARY ACADEMY 320 IWO JIMA BLVD HARLINGEN TX 78550 741507957 287836 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 162630 0 30000 0 0 0 8195 0 52881 0 253706 0 0 JOHN D BUTLER TREASURER 0 139192 0 15000 0 0 0 6960 0 36947 0 198099 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 192630 EMPLYEE/MMA 0 DR JOHN D BUTLER CFO/PROVOST 154192 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 2021, DOWLING RECEIVED $192,630 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 2021, BUTLER RECEIVED $154,192 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 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 NA