Financial Report

Since our chartering in May 2004, the IMSFF has provided over 8,000 grants totaling over $21 million in assistance to our Nation's wounded heroes and families. As part of the IRS 501C 3 approval process, and to maintain its status as a charitable organization, non-profits must be able to show that the vast majority of every dollar received is spent on the mission of the organization, its assistance ‘Program.’  National averages for Program expenses are 75- 80% of total expenses. The IMSFF has consistently kept its Program expenses at or above 90% of all expense--over 90 cents of every dollar spent goes toward our mission of assisting our wounded and their families. Since inception, our Program expenses have been over $21 million, almost 93% of total expenses. This fiscal year to-date alone, our Program expenses have exceeded $7.5 million, representing much needed assistance to our wounded and their families and highlighting the incredible efforts of scores of dedicated volunteers and staff.

Our overhead costs have averaged less than 6% since inception, remarkable by any business standards; it is currently at 5.31%. We are proud to say that our Fundraising costs (a major indicator when gauging the mission success of any non-profit) since inception have been less than 2 cents for every dollar of income, a clear testimony to our always being mindful of our fiduciary responsibilities to our donors and other supporters. Fundraising and Administrative expenses combined represent less than 7% of all expenses, well below national averages. We continue to prudently manage our reserves so that funds will be available to provide assistance to our wounded and their families both now and well into the future.


INJURED MARINE SEMPER FI FUND is a 501© 3 nonProfit, chartered May 2004
Federal Tax ID# 26-0086305 • Combined Federal Campaign # 11459

Financial Data Overview

REVENUES & EXPENSES: Fiscal Year Ending June 30,2007

REVENUE
Donations$7,143,000
Investment Income$521,000
TOTAL REVENUE$7,664,000

EXPENSES
Program Expenses (91% of total expenses)$7,593,000
Fundraising Expenses (3% of total expenses)$225,000
Administrative Expenses (6% of total expenses)$530,000
TOTAL EXPENSES*$8,348,000

*Note: We were able to use prudently invested reserves to fund new support programs in FY 2007, including Transition Assistance and an expanded Medical Support program.


Fundraising costs for each $1 donated3 cents
Overhead costs since inception5.56%


View our 2007 Audited Financial Statement.

View our Fiscal Year 2007 Grant Overview.

View the most recent Form 990 (Public Disclosure of FY 2007 Tax Return).

View our 2006 Audited Financial Statement.

View our 2006 Form 990 (Public Disclosure of FY 2006 Tax Return).