BBB Wise Giving Report for
Marine Toys for Tots Foundation

BBB Wise Giving Report issued August 2008
BBB Wise Giving Report expires August 2010


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Marine Toys for Tots Foundation
Address: 18251 Quantico Gateway Drive
  Triangle, VA 22172
Phone: 703-640-9433
Web Address: www.toysfortots.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1989, New York
Affiliates: None
Stated Purpose: "to assist the U.S. Marine Corps in providing a tangible sign of hope to economically disadvantaged children at Christmas."

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Evaluation Conclusions

               

Marine Toys for Tots Foundation (MTTF) meets the 20 Standards for Charity Accountability.
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Programs

               

In 2007 MTTF reports distributing 16.8 million toys to 7.5 million children. The organization provides the leadership and managerial oversight for the Toys for Tots Program which consists of over 600 local campaigns taking place in all 50 states, the District of Columbia, the Virgin Islands, and Puerto Rico. MTTF also raises funds to provide toys to supplement the collections of local coordinators; provides administrative, advisory, financial, logistic and promotional support to local coordinators; conducts fund raising, public education and information programs; works with corporations to raise funds; and solicits toy and book donations from manufacturers. Some ($1,696,723 or 21%) of MTTF's program expenses are carried out in conjunction with fund raising appeals.

For the year ended December 31, 2007, MTTF's program expenses were:

  
Toy distribution 200,050,618
Education 1,696,723
Total Program Expenses: $201,747,341
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Governance

               

Chief Executive : Matthew T. Cooper, President & CEO
Compensation*:
 $331,824

Chair of the Board: William L. Nyland
Chair's Profession / Business Affiliation: Independent Consultant

Board Size: 13

Paid Staff Size: 12

*2007 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, grant proposals, Internet appeals, and cause-related marketing.
Fund raising costs were 3% of related contributions. (Related contributions, which totaled $203,854,817, are donations received as a result of fund raising activities.)
MTTF incurred joint costs of $6,114,467 for informational materials and activities that included fund raising materials. Of those costs $4,417,744 was allocated to fund raising expenses and $1,696,723 was allocated to program expenses.
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on MTTF's audited financial statements for the year ended December 31, 2007.

Source of Funds  
Toy contributions 165,470,482
Individual contributions 14,155,785
Direct mail 13,884,731
Corporate contributions 7,550,360
Donated services 2,199,058
Unrealized and realized gain on investments, net 1,619,586
Interest and dividends 515,399
CFC 334,836
Events 259,565
Other 178,815
Total Income $206,168,617


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Uses of Funds as a % of Total Expenses

Programs: 97%  Fund Raising: 3%  Administrative: Less than 1% 

Total income   $206,168,617
  Program expenses $201,747,341
  Fund raising expenses 6,022,403
  Administrative expenses 847,230
 
Total expenses   $208,616,974
Expenses in Excess of Income   (2,448,357)
Beginning net assets   61,568,338
Ending net assets   59,119,981
Total liabilities   9,233,712
Total assets   $68,353,693

Note: In the financial section MTTF reports receiving in-kind donations in the amount of $2,199,058. Included in this amount is $2,041,354 (PSAs), $151,439 (printing of 2007 poster), $3,600 (warehouse use), and $2,665 (toy valuation).

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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