According to the Marine Toys for Tots Foundation audit of December 31, 2023 (Note 9, Contributions of Nonfinancial Assets):
Toys for Tots received contributions of nonfinancial assets during the fiscal year-ended December 31, 2023, on which it placed a total value of $288,953,803. Of this amount, $222,019,498 and $57,297,837 was attributed to "Toys - locally donated" and "Toys - corporate sponsors," respectively. [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the Marine Toys for Tots Foundation audit of December 31, 2023 (Note 7, Commitment and Contingency): "The Foundation has entered into a contract for hotel rooms and a convention center relating to its September 2024 coordinator conference. In the event of cancellation, the Foundation is required to pay various costs as stipulated in the contract, the amounts of which are dependent upon the date of cancellation. The Foundation entered into noncancelable contracts with several vendors for services provided through December 2028. The commitments at December 31, 2023, total $2,619,150."
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According to the Marine Toys for Tots Foundation 2023 tax filing, Toys for Tots reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III): Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, line 7): "The board of directors reviews and votes on the compensation of each of the officers and employees annually based on recommendations from the finance and compensation committee. The bonuses are based on performance and awarded at Christmas. The Pres/CEO bonus is decided by the same process, but is awarded in March."
Toys for Tots reports "Bonus & incentive compensation" payments to five individuals in 2023. James B. Laster, President and CEO, received $78,750 of bonus and incentive compensation, with a total reported compensation of $439,756. The remaining four individuals received between $26,000 to $35,000 with a total reported compensation ranging from $167,685 to $265,283. |