Marshall Square Investment Groupinc

Marshall Square Investment Groupinc maintains substantial assets but shows inconsistent expense reporting and significant liability fluctuations.

EIN: 204349535 · El Segundo, CA · NTEE: S47 · Updated: 2026-03-28

$8.2MRevenue

$105.4MAssets

65/100Mission Score (Good)

S47

About Marshall Square Investment Groupinc

Marshall Square Investment Groupinc (EIN: 204349535) is a nonprofit organization based in El Segundo, CA, classified under NTEE code S47. The organization reported total revenue of $8.2M and total assets of $105.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marshall Square Investment Groupinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Marshall Square Investment Groupinc demonstrates a consistent revenue stream, averaging over $8 million in the last five years, with total assets exceeding $100 million. The organization's financial health appears robust, maintaining substantial assets relative to its annual expenses. However, a significant portion of its expenses, particularly in earlier years (2014-2016), were reported as $0, which raises questions about the completeness or categorization of spending during those periods. More recent filings show expenses in the range of $4-6 million, indicating active operations.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or compensation being categorized under other expense lines, which could impact transparency. The substantial fluctuations in liabilities, from $27 million in 2021 to $89 million in 2022 and then down to $704,605 in 2023, warrant further investigation to understand the underlying financial activities and their implications for the organization's stability.

Overall, while the organization maintains a strong asset base and consistent revenue, the lack of detailed expense breakdowns and the unusual liability fluctuations in recent years present challenges for a comprehensive transparency assessment. Further scrutiny of their full IRS 990 forms would be necessary to fully understand their operational efficiency and financial practices.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Marshall Square Investment Groupinc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Marshall Square Investment Groupinc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

No officer compensation has been reported across all available filings, suggesting either a fully volunteer executive team or that compensation is reported under other expense categories, which could obscure a complete picture of executive remuneration.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Marshall Square Investment Groupinc's IRS 990 filings:

Reported $0 expenses in multiple fiscal periods (2014-2016) despite having revenue.
Extreme fluctuations in liabilities over recent years (e.g., $27M to $89M to $0.7M from 2021-2023).
Lack of reported officer compensation across all filings, which could indicate a lack of transparency if compensation is simply reclassified.

Strengths

The following positive indicators were identified for Marshall Square Investment Groupinc:

Consistent and substantial revenue stream, averaging over $8 million in recent years.
Strong asset base, consistently over $100 million, indicating financial stability.
Positive net assets, with assets significantly exceeding liabilities in most periods, particularly in 2023.

Frequently Asked Questions about Marshall Square Investment Groupinc

Why were expenses reported as $0 in several earlier fiscal periods (2014-2016)?

The IRS 990 filings for periods 201412, 201512, and 201612 all report $0 in expenses, which is highly unusual for an organization with reported revenue during those years. This could indicate incomplete reporting or specific accounting practices that require further clarification from the organization's full filings.

What caused the significant fluctuation in liabilities from $27 million in 2021 to $89 million in 2022 and then to $704,605 in 2023?

The dramatic changes in liabilities, particularly the increase by over $60 million in 2022 and subsequent decrease by nearly $89 million in 2023, are significant and warrant detailed examination of the organization's financial statements to understand the nature of these liabilities and their resolution.

How does Marshall Square Investment Groupinc allocate its expenses between program services, administration, and fundraising?

The provided summary data does not offer a detailed breakdown of expenses. Without this information, it is challenging to assess the organization's spending efficiency and how much of its budget directly supports its mission-related activities versus overhead.

Filing History

IRS 990 filing history for Marshall Square Investment Groupinc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Marshall Square Investment Groupinc's revenue has grown by 624.3%, moving from $1.1M to $8.1M. Total assets increased by 363% over the same period, from $28.9M to $134.0M. In its most recent filing year (2023), Marshall Square Investment Groupinc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $705K in liabilities against $134.0M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $133.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$8.1M	$6.2M	$134.0M	$705K	—	—
2022	$8.1M	$6.5M	$169.8M	$89.5M	—	View 990
2021	$8.1M	$4.3M	$178.0M	$27.3M	—	View 990
2020	$10.5M	$4.3M	$158.6M	$26.7M	—	—
2019	$10.7M	$4.3M	$170.0M	$26.9M	—	View 990
2018	$9.3M	$4.0M	$159.7M	$27.9M	—	View 990
2017	$7.8M	$3.9M	$138.1M	$28.3M	—	View 990
2016	$3.2M	$0	$121.8M	$28.8M	—	View 990
2015	$953K	$0	$130.7M	$29.7M	—	View 990
2014	$1.8M	$0	$86.7M	$29.6M	—	View 990
2013	$2.3M	$0	$65.7M	$30.2M	—	View 990
2012	$1.8M	$0	$59.7M	$412K	—	View 990
2011	$435K	$0	$45.2M	$1.2M	—	View 990
2010	$1.1M	$0	$28.9M	$273K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $8.1M, expenses of $6.2M, and assets of $134.0M (revenue +0.0% year-over-year).
2022: Revenue of $8.1M, expenses of $6.5M, and assets of $169.8M (revenue +1.0% year-over-year).
2021: Revenue of $8.1M, expenses of $4.3M, and assets of $178.0M (revenue -23.4% year-over-year).
2020: Revenue of $10.5M, expenses of $4.3M, and assets of $158.6M (revenue -1.4% year-over-year).
2019: Revenue of $10.7M, expenses of $4.3M, and assets of $170.0M (revenue +14.6% year-over-year).
2018: Revenue of $9.3M, expenses of $4.0M, and assets of $159.7M (revenue +19.6% year-over-year).
2017: Revenue of $7.8M, expenses of $3.9M, and assets of $138.1M (revenue +139.5% year-over-year).
2016: Revenue of $3.2M, expenses of $0, and assets of $121.8M (revenue +240.5% year-over-year).
2015: Revenue of $953K, expenses of $0, and assets of $130.7M (revenue -45.6% year-over-year).
2014: Revenue of $1.8M, expenses of $0, and assets of $86.7M (revenue -24.8% year-over-year).
2013: Revenue of $2.3M, expenses of $0, and assets of $65.7M (revenue +32.1% year-over-year).
2012: Revenue of $1.8M, expenses of $0, and assets of $59.7M (revenue +305.9% year-over-year).
2011: Revenue of $435K, expenses of $0, and assets of $45.2M (revenue -61.3% year-over-year).
2010: Revenue of $1.1M, expenses of $0, and assets of $28.9M.

Data Sources and Methodology

This transparency report for Marshall Square Investment Groupinc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.