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Navy-Marine Corps Relief Society

CharityWatch report issued
February 2024

B-
CharityWatch Grade
This rating has been downgraded from A due to the charity having 3.3 years worth of available assets in reserve.
 
82%
Program Percentage
Amount spent on programs
relative to overhead.
 
$11
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Large Asset Reserves

CharityWatch reduces the grade of any charity that has available assets equal to three to five years of operating expenses. Charities with "years of available assets" of more than five years receive an "F" grade regardless of other measurements. In CharityWatch's view, a reserve of less than three years is reasonable and does not affect a charity's grade. These reductions in grades are based solely on the charities' asset reserves as compared to budget. The CharityWatch definition of "years of available assets" includes funds currently available for the charity's use, including investments that the charity has set aside as a reserve but could choose to spend if it wanted to do so. Navy-Marine Corps Relief Society's letter grade rating has been downgraded because it has 3 or more years of available assets.

See Our Process to learn more about how CharityWatch considers a charity’s asset reserves and the High Asset List for a list of charities whose ratings have been reduced due to high assets.

Contact Information

Navy-Marine Corps Relief Society
875 N Randolph Street
Suite 225
Arlington, VA 22203

Other Names

NMCRS

Tax Status

501(c)3

Website

www.nmcrs.org

Stated Mission

To provide, in partnership with the Navy and Marine Corps, financial, educational, and other assistance to members of the Naval Service of the United States, eligible family members, and survivors when in need; and to receive & manage funds to administer these programs.

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Data based on Fiscal Year Ended 12/31/2022

Program Percentage: 82%

The percentage of Navy-Marine Corps Relief Society's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$25,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $11

How many dollars Navy-Marine Corps Relief Society spends on fundraising to raise each $100 of contributions.

$16,000,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Navy-Marine Corps Relief Society IRS Form 990 53-0204618
Navy-Marine Corps Relief Society Audited Financial Statements 53-0204618
Entity: Navy-Marine Corps Relief Society
Document Type: IRS Form 990
Tax ID: 53-0204618
Entity: Navy-Marine Corps Relief Society
Document Type: Audited Financial Statements
Tax ID: 53-0204618

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Navy-Marine Corps Relief Society
meets governance benchmarks.
 
Navy-Marine Corps Relief Society
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy No Sharing  

  Name Title Compensation
1 Willie L. Williams Vice President / CIO $313,077
2 Lt. Gen. Jack Klimp, USMC (Ret.) Past President / Past CEO $288,731
3 Dawn Cutler Vice President / COO $256,973
1
Name: Willie L. Williams
Title: Vice President / CIO
Compensation: $313,077
2
Name: Lt. Gen. Jack Klimp, USMC (Ret.)
Title: Past President / Past CEO
Compensation: $288,731
3
Name: Dawn Cutler
Title: Vice President / COO
Compensation: $256,973

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the Navy-Marine Corps Relief Society audit of December 31, 2022 (Note L, Contributed Services/Facilities/Equipment), the Society occupied donated office space at its Headquarters in Arlington, VA during 2022 on which it placed a value of $649,763. Additionally, the Society received substantial benefits from a media campaign for Giving Tuesday during 2022 on which it placed a value of $525,556. In total, the Society received donated services and facilities in 2022 on which it placed a total value of $1,175,319.

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.]