Nonprofit · EIN 54-6052427
GEORGE C MARSHALL RESEARCH FOUNDATION
Tax-exempt · LEXINGTON, VA 24450
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,706,546 | $1,657,892 | $1,048,654 | $12,539,226 | $84,435 | $12,454,791 |
| December 31, 2024 | 990 | $1,649,612 | $1,451,766 | $197,846 | $11,107,664 | $263,541 | $10,844,123 |
| December 31, 2023 | 990 | $1,451,145 | $1,289,247 | $161,898 | $10,443,532 | $47,355 | $10,396,177 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,232,689
- Program service revenue
- $2,627
- Investment income
- $418,750
- Net rental income
- $28,708
- Net gain from sales of assets
- $275,120
- Other revenue
- $52,480
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $345,478
- Other salaries and wages
- $358,403
- Salaries, compensation and benefits (total)
- $855,190
- Professional fundraising fees
- $0
- Accounting fees
- $21,630
- Occupancy
- $61,908
- Travel
- $38,173
- Depreciation
- $108,311
- Program services (functional)
- $866,310
- Management and general (functional)
- $276,287
- Fundraising (functional)
- $515,295
Balance sheet and other
- Total assets, start of year
- $11,107,664
- Total assets, end of year
- $12,539,226
- Total liabilities, end of year
- $84,435
- Net assets, end of year
- $12,454,791
- Land, buildings and equipment
- $950,729
- Net assets without donor restrictions
- $8,355,427
- Net assets with donor restrictions
- $4,099,364
- Gross receipts
- $2,719,465
- Employees
- 8
- Volunteers
- 5
- Year formed
- 1953
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL A LEVENGOOD | PRESIDENT Trustee or director, Officer | 40 | $205,395 | $30,454 |
| MATTHEW M WALDRON | TREASURER/CHIEF FINANCIAL Officer | 40 | $140,083 | $17,267 |
| JOHN J WRANEK | DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $117,456 | $0 |
| HUNTER A APPLEWHITE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANTHONY G CRUTCHFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CAMDEN R FINE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| C RUSSELL FLETCHER III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE W FORESMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID FURNESS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALLEN HAIGHT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID HEIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WALTON M JEFFRESS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CYNTHIA MARSTELLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JESSINE A MONAGHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DONALD E MOSMAN JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS H MURPHY | TRUSTEE Trustee or director | 1 | $0 |
| PETER PROWITT | TRUSTEE Trustee or director | 1 | $0 |
| MARIA P RASMUSSEN | TRUSTEE Trustee or director | 1 | $0 |
| DAVID L ROLL | TRUSTEE Trustee or director | 1 | $0 |
| BENNETT L ROSS | CHAIRMAN Trustee or director, Officer | 8 | $0 |
| JAMES M SCHMUCK | TRUSTEE Trustee or director | 1 | $0 |
| ADAM SZAKMARY | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL A WILLIAMS | TRUSTEE Trustee or director | 1 | $0 |
| JAMES J WINN JR | TRUSTEE Trustee or director | 1 | $0 |
| CLIFFORD MILLER YONCE | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL A LEVENGOOD | PRESIDENT Trustee or director, Officer | 40 | $194,104 | $24,854 |
| MATTHEW M WALDRON | TREASURER/CHIEF FINANCIAL OFFICER Officer | 40 | $130,977 | $12,130 |
| HUNTER A APPLEWHITE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CAMDEN R FINE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| C RUSSELL FLETCHER III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE W FORESMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID HEIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WALTON M JEFFRESS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CYNTHIA MARSTELLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JESSINE A MONAGHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DON MOSMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS H MURPHY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS A PRITCHARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER PROWITT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARIA P RASMUSSEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID L ROLL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BENNETT L ROSS | CHAIRMAN Trustee or director, Officer | 8 | $0 | $0 |
| JAMES M SCHMUCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ADAM SZAKMARY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL A WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES J WINN JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CEDRIC T WINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CLIFFORD MILLER YONCE | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL A LEVENGOOD | PRESIDENT Trustee or director, Officer | 40 | $194,104 | $21,656 |
| MATTHEW M WALDRON | TREASURER/CHIEF FINANCIAL Officer | 40 | $130,977 | $11,720 |
| BENNETT L ROSS | CHAIRMAN Trustee or director, Officer | 8 | $0 | $0 |
| HUNTER A APPLEWHITE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES M SCHMUCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| C RUSSELL FLETCHER III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID HEIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WALTON M JEFFRESS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE W FORESMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER PROWITT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT G WOODWARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DON MOSMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS A PRITCHARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS H MURPHY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL A WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES J WINN JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARIA P RASMUSSEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CEDRIC T WINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CYNTHIA MARSTELLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JESSINE A MONAGHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID L ROLL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CLIFFORD MILLER YONCE | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1600, LEXINGTON, VA 24450-1600
- Principal officer (990 for 2025)
- PAUL A LEVENGOOD, 340 VMI PARADE, LEXINGTON, VA 24450
- Signed the 990
- PAUL A LEVENGOOD, PRESIDENT
- Phone
- (540) 463-7103
- Website
- WWW.MARSHALLFOUNDATION.ORG
- Return prepared by
- RAETZ & HAWKINS PC CPAS
Mission
THE FOUNDATION KEEPS ALIVE THE VALUES THAT SHAPED AND MOTIVATED GEORGE C. MARSHALL. MARSHALL'S LEGACY IS PERPETUATED THROUGH SCHOLARSHIP, LEADERSHIP AND EDUCATIONAL PROGRAMS.
Program accomplishments
- PROVIDING EDUCATIONAL PROGRAMS SUCH AS THE MARSHALL LEGACY SERIES THROUGH A SERIES OF EVENTS, PROGRAMS AND INFORMATION CENTERED ON KEY THEMES, EVENTS OR EPISODES IN GENERAL MARSHALL'S CAREER.Expenses $169,371
- COLLECTING, PRESERVING, AND MAKING AVAILABLE TO SCHOLARS A DOCUMENTED RECORD OF THE LIFE AND PUBLIC SERVICE CAREER OF GEORGE C. MARSHALL.Expenses $598,672 · revenue $2,627
- PUBLISHING OF A SEMI-ANNUAL MAGAZINE WITH ARTICLES ABOUT MARSHALL, BOOK REVIEWS, AND FOUNDATION NEWS.Expenses $98,267
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-6052427
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1958
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $12,539,226
- Income (IRS master file)
- $2,719,465
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,706,546 | $1,657,892 | $12,539,226 | XML |
| 990 | December 2024 | $1,649,612 | $1,451,766 | $11,107,664 | XML |
| 990 | December 2023 | $1,451,145 | $1,289,247 | $10,443,532 | XML |
| 990 | December 2022 | $2,232,948 | $1,267,260 | $9,601,009 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-6052427).
Questions about GEORGE C MARSHALL RESEARCH FOUNDATION
- What is the EIN of GEORGE C MARSHALL RESEARCH FOUNDATION?
- The employer identification number (EIN) of GEORGE C MARSHALL RESEARCH FOUNDATION is 54-6052427.
- Is GEORGE C MARSHALL RESEARCH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1958.
- Are donations to GEORGE C MARSHALL RESEARCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GEORGE C MARSHALL RESEARCH FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GEORGE C MARSHALL RESEARCH FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GEORGE C MARSHALL RESEARCH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of GEORGE C MARSHALL RESEARCH FOUNDATION?
- The 990 for the year ended December 31, 2025 names PAUL A LEVENGOOD.
- Who are the officers and directors of GEORGE C MARSHALL RESEARCH FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 25 people; 3 received compensation from the organization, the highest $205,395 (PAUL A LEVENGOOD, PRESIDENT).
- How much revenue does GEORGE C MARSHALL RESEARCH FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,706,546, expenses of $1,657,892 and total assets of $12,539,226 at year end.
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