BBB Wise Giving Report for
Marine Toys for Tots Foundation

BBB Wise Giving Report issued July 2010
BBB Wise Giving Report expires July 2012


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

               

MTTF reports that in 2009, the organization distributed over 16.3 million toys to over 7.4 million less fortunate children. The organization provided the oversight for the MTTF programs which included nearly 700 local campaigns taking place in all 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands. The organization 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 public education and information programs; and works with corporations to raise monetary and gift-in-kind donations.

For the year ended December 31, 2009, MTTF's program expenses were:

  
Toy distribution 229,931,091
Education 2,942,357
Total Program Expenses: $232,873,448
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Governance

               

Chief Executive : Pete Osman, President and CEO
Compensation*:
 $263,360

Chair of the Board: Robert M. Shea
Chair's Profession / Business Affiliation: Executive Vice President, Smartronix, Inc.

Board Size: 11

Paid Staff Size: 14

*2009 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, Internet appeals, cause-related marketing, and Combined Federal Campaign.
Fund raising costs were 3% of related contributions. (Related contributions, which totaled $240,944,740, are donations received as a result of fund raising activities.)
MTTF incurred joint costs of $7,756,623 for informational materials and activities that included fund raising materials. Of those costs, $4,886,673 was allocated to fund raising expenses and $2,869,950 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, 2009.

Source of Funds  
Toys 192,153,172
Direct mail 17,903,385
Individual 16,545,011
Donated services 7,464,943
Corporate 6,347,429
Unrealized and realized gain on investments (net) 3,066,194
Interest and dividends 648,613
Combined Federal Campaign 336,238
Other 254,701
Events 194,562
Total Income $244,914,248


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Uses of Funds as a % of Total Expenses

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

Total income   $244,914,248
  Program expenses $232,873,448
  Fund raising expenses 8,111,574
  Administrative expenses 666,484
 
Total expenses   $241,651,506
Income in Excess of Expenses   3,262,742
Beginning net assets   79,424,478
Ending net assets   82,687,220
Total liabilities   7,665,127
Total assets   $90,352,347

Note: According to MTTF's 2009 audited financial statements, the organization received $7,464,943 in in-kind contributions, which consisted of: public service announcements ($7,414,540), other ($26,913), and legal ($23,490).

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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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