2024-11-14T11:29:37+00:00 2023-12-31 440160260 Forvis Mazars LLP 135 West 50th Street New York NY 10020 990 2023-01-01 116037948 United States Merchant Marine Academy Alumni Association and Foundation Inc UNIT 5167735566 300 STEAMBOAT ROAD KINGS POINT NY 11024 James F Tobin President & CEO 5167735566 2024-11-14 true true Aaron Shapiro P01333816 2128127000 2024-11-14 2023 2024-10-15 13:58:12Z James F Tobin 300 STEAMBOAT ROAD KINGS POINT NY 11024 10523206 false X WWW.USMMAALUMNI.COM X 1944 NY THE FOUNDATION SHALL EXIST TO SERVE, ASSIST, AND PERPETUATE THE ACADEMY, ITS REGIMENT OF MIDSHIPMEN, FACULTY, STAFF, AND ALUMNI. 20 19 11 18 42600 0 6117207 4941121 270287 226498 -22606 1158915 288012 239050 6652900 6565584 1104594 1220437 0 1491579 1523045 0 442860 1865493 2104638 4461666 4848120 2191234 1717464 54000919 58754802 427465 381478 53573454 58373324 X See Schedule O false false 1389364 1134542 MIDSHIPMEN AND ACADEMY ACTIVITIES - SUPPORT TO ACADEMY (USMMA) MIDSHIPMEN PROGRAMS AND ACTIVITIES ENHANCE THE EDUCATION EXPERIENCE OF 1,015 MIDSHIPMEN BY PROVIDING FINANCIAL SUPPORT TO 18 TEAMS, AND 23 CLUBS. PROMOTE ACADEMIC AND ATHLETIC EXCELLENCE BY SPONSORING 70 AWARDS AND SCHOLARSHIPS. 862900 85895 87909 ALUMNI ACTIVITIES - SUPPORT TO ALUMNI SERVICES AND ALUMNI FUNDRAISING EVENTS FOR THE BENEFIT OF THE USMMA. SUPPORT ALUMNI ACTIVITIES BY SPONSORING 12 GOLF TOURNAMENTS A YEAR, HOMECOMING EVENTS, AND SPONSORING 50 ALUMNI AWARDS. 264152 PUBLICATIONS - SUPPORT TO COMMUNICATIONS (PUBLICATIONS AND WEBSITE) FOR ALUMNI, PARENTS, AND MIDSHIPMEN. PUBLISH THE KINGS POINTER MAGAZINE FOUR TIMES A YEAR WITH A CIRCULATION OF 15,632. PUBLISH THE SCUTTLEBUT NEWSLETTER BY E-MAIL TWICE A MONTH TO 7,965 ALUMNI. 18185 41789 JOB PLACEMENT SERVICES: JOB PLACEMENT - CAREER AND INTERNSHIP SERVICES TO MIDSHIPMEN, RECENT GRADUATES IN COMPLIANCE OF OBLIGATION, AND ALUMNI. 96800 Rental Revenue 18185 138589 2534601 true true false true false false false false true true false false true false false true false false false false false false false true false false true true true false false false false false false false false true false false false false false false false false true 16 0 false 11 true true true false false false false true true false false false false false false X 20 19 false false false false false false false true true false true true true true true true true true true false false NY X X JAMES F TOBIN 5167735566 300 STEAMBOAT ROAD KINGS POINT NY 11024 BRIAN F MURPHY VICE CHAIR, FINANCE 2.0 X X 0 0 0 JAMES F TOBIN PRESIDENT AND CEO 40.0 X X 233562 0 27051 JENNIFER F WILLIAMS VICE CHAIR, STRATEGIC PLANNING 2.0 X X 0 0 0 JOHN C BRENNAN Vice Chair (Alumni Affairs/Chapters) 2.0 X X 0 0 0 JOHN E CHICKERING Vice CHAIRMAN(Finance) 2.0 X X 0 0 0 JOSEPH D SCHWARTZSTEIN CHAIRMAN 4.0 X X 0 0 0 EARL H BURNS DIRECTOR 2.0 X 0 0 0 Frank V Liantonio Director 2.0 X 0 0 0 Glenda S O'Connor Director 2.0 X 0 0 0 JAMES H YOCUM DIRECTOR 2.0 X 0 0 0 JAMES L HAMILTON Director 4.0 X 0 0 0 JOHN D CAMERON DIRECTOR 2.0 X 0 0 0 JOHN O ARNTZEN DIRECTOR 2.0 X 0 0 0 JOSEPH S MARTUCCI DIRECTOR 2.0 X 0 0 0 RICHARD J HALLUSKA DIRECTOR 2.0 X 0 0 0 SEAN K RITCHIE CHAPTERS DIRECTOR 2.0 X 0 0 0 STEVEN T DZITKO DIRECTOR 2.0 X 0 0 0 THEODORE H TEPLOW DIRECTOR 2.0 X 0 0 0 THOMAS G DEVINE DIRECTOR 2.0 X 0 0 0 WARREN N WRIGHT DIRECTOR 2.0 X 0 0 0 ROSALBA RACCAGNA VICE PRESIDENT OF FINANCE 40.0 X 119497 0 18300 JAMIE JOHNSON VP OF BUS & STRATEGIC DEV. 40.0 X 122688 0 11415 MARILYN LIVI SENIOR VICE PRESIDENT 40.0 X 132154 0 15582 607901 0 72348 4 false true false Daniel J Edelman Inc 250 Hudson Street New York NY 10013 Public Relations 254822 1 280433 4660688 162974 4941121 ALUMNI EVENTS & MERCHANDISE SALE 900099 87909 87909 JOB PLACEMENT SERVICE 541900 41789 41789 RENTAL REVENUE 532000 96800 96800 0 0 0 0 226498 899779 899779 110035 55027 55008 0 55008 55008 3745251 3486115 259136 0 259136 259136 295144 280433 416480 -121336 -121336 OTHER 900099 262778 262778 PUBLICATION ADVERTISING 511120 42600 42600 0 0 0 0 305378 6565584 226498 42600 1355365 X 1134542 1134542 85895 85895 398410 133391 208517 56502 897852 301200 466775 129877 29940 10421 17040 2479 101148 28601 54373 18174 95695 32102 49750 13843 9204 9204 68713 68713 118831 118831 126143 126143 622980 172507 449984 489 23093 782 22311 354518 193003 119599 41916 49073 31137 13094 4842 203449 39455 107751 56243 82908 60661 21867 380 240733 132000 397 108336 105767 38473 61031 6263 96106 21600 70990 3516 Bad Debt 2755 2755 Miscellaneous 365 365 0 0 0 0 4848120 2534601 1870659 442860 9020 107728 16729651 22512996 349456 308474 4150 6494 0 0 0 0 37908 37312 7380388 1738602 5636543 5641786 23749460 22075980 0 0 7484731 8064032 54000919 58754802 306968 330323 0 0 51155 120497 0 427465 381478 16706428 18279694 36867026 40093630 53573454 58373324 54000919 58754802 X 1717464 2433763 648643 X false true X true false X 6424474 6671372 4756078 6117207 4941121 28910252 0 0 6424474 6671372 4756078 6117207 4941121 28910252 1845184 27065068 863354 549520 658751 784729 1009814 3866168 51916 44400 100141 28200 42600 267257 203645 55417 148683 313093 262778 983616 34027293 875934 0.7954 0.798 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER, COLUMN A - 203645.0, COLUMN B - 55417.0, COLUMN C - 148683.0, COLUMN D - 313093.0, COLUMN E - 262778.0, COLUMN F - 983616.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 118831 false false 118831 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE EXPENSES ARE FOR THE FOUNDATION'S LEGISLATIVE COORDINATOR, BRIAN FOY, AND HIS SALARY, BENEFITS, AND TRAVEL EXPENSES FOR WHEN HE VISITS WASHINGTON, DC. 15859523 3000 2293314 18155837 18575652 3000 -2628430 90699 15859523 16681159 6294 1978896 90697 18575652 15769225 3000 983139 74205 16681159 13596127 6000 2248994 81896 15769225 0.0 0.7439 0.2561 false false 4639036 4639036 2160598 1190447 970151 10075 10075 0 532930 520589 12341 37749 17491 20258 5641786 Beneficial Trust 8064032 8064032 9576874 2433763 703670 3137433 6439441 126143 0 126143 6565584 4777004 55027 55027 4721977 126143 0 126143 4848120 Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENT FUNDS WERE ESTABLISHED TO SUPPORT ACTIVITIES OF THE ORGANIZATION BASED ON THE DONOR RESTRICTIONS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in charitable gift annuity liability - 69342 Change in beneficial interest in remainder trust - 579301 Rental Expenses - 55027 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental Expenses - 55027 Golf Outings 575577 280433 295144 66945 164380 86808 98347 0 0 575577 280433 295144 66945 164380 86808 98347 416480 -121336 true US Merchant Marine Academy 300 Steamboat Road Kings Point NY 11024 371531429 501(C)(3) 1079542 Midshipmen/Academy Activities Women's Offshore Foundation 5755 Almeda Road Houston TX 77004 841937291 501(C)(3) 55000 Grant 2 Scholarships for students 70 85895 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE FOUNDATION PROVIDES SUPPORT TO TWO ORGANIZATIONS. GRANTS ARE ACCEPTED BY THE PROCESS ESTABLISHED BY THE MARITIME ADMINISTRATION OF THE UNITED STATES DEPARTMENT OF TRANSPORTATION. FOLLOWING THESE PROCEDURES, THE ORGANIZATIONS MAKES GRANT OFFERS TO FUND SPECIFIC PURPOSES AND ENTITIES OF THE ACADEMY. X X X X false false false false false false false true false JAMES F TOBIN PRESIDENT AND CEO 203312 0 30250 0 0 0 12250 0 14801 0 260613 0 0 0 Schedule J, Part I, Line 7 Non-fixed payments JAMES TOBIN RECEIVED A BONUS. THE BONUS WAS BASED ON EXCEPTIONAL WORK PERFORMANCE AND LEADERSHIP FOR THE ACADEMY. THE BONUS WAS APPROVED BY THE BOARD OF DIRECTORS. X 18 82865 Market value X Auction Items 91 80109 Selling cost 29 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The Organization is reporting the number of contributions Other - Auction Items The organization is reporting the number of contributions Form 990, Part III, Line 1 THE FOUNDATION SHALL EXIST TO SERVE, ASSIST AND PERPETUATE THE ACADEMY, ITS REGIMENT OF MIDSHIPMEN, FACULTY, STAFF, AND ALUMNI. THE FOUNDATION SUPPORTS THE ACADEMY'S MISSION OF EDUCATING AND GRADUATING MERCHANT MARINE OFFICERS WHO WILL BECOME LEADERS IN THE COMMERCIAL AND DEFENSE TRANSPORTATION SERVICES OF THE UNITED STATES. THE FOUNDATION PROVIDES FINANCIAL SUPPORT FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES BY RAISING AND DISTRIBUTING FUNDS, SOME OF WHICH WILL BE MAINTAINED IN AN ENDOWMENT. THE FOUNDATION ALSO FOSTERS AND ENCOURAGES THE DEVELOPMENT OF THE ACADEMY TO MEET THE FUTURE TRANSPORTATION NEEDS OF THE UNITED STATES, AND ENHANCES THE PRESTIGE THEREOF BY ACQUISITION, PRESERVATION, AND DISSEMINATION OF INFORMATION PERTAINING TO THEIR HISTORY, ACTIVITIES, METHODS AND OBJECTIVES. Form 990, Part III, Line 4d Description of other program services (Expenses $ 18,185 including grants of $)(Revenue $ 41,789) JOB PLACEMENT SERVICES: JOB PLACEMENT - CAREER AND INTERNSHIP SERVICES TO MIDSHIPMEN, RECENT GRADUATES IN COMPLIANCE OF OBLIGATION, AND ALUMNI. Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $)(Revenue $ 96,800) Rental Revenue Form 990, Part VI, Line 11b Review of form 990 by governing body A COPY OF THE FORM 990 IS SUBMITTED FOR REVIEW BY THE FOUNDATION'S PRESIDENT AND THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS, AND A COPY IS SUBMITTED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. ANY QUESTIONS OR COMMENTS ARE COMMUNICATED TO THE PRESIDENT. Form 990, Part VI, Line 12c Conflict of interest policy EACH PERSON SERVING AS A DIRECTOR, OFFICER OR COMMITTEE MEMBER IS REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST FORM. IF THE FORM DISCLOSES ANY CONFLICTS OF INTEREST, IT IS SUBMITTED TO THE COMMITTEE DESIGNATED BY THE BOARD OF DIRECTORS FOR REVIEW. THE PERSON WITH THE POTENTIAL CONFLICT IS RECUSED FROM THE VOTE TO DETERMINE WHETHER A CONFLICT EXISTS. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION COMMITTEE MAKES RECOMMENDATIONS, BASED UPON COMPARABLE DATA, TO THE EXECUTIVE COMMITTEE REGARDING THE PRESIDENT'S SALARY. THE EXECUTIVE COMMITTEE APPROVES THE COMPENSATION COMMITTEE'S RECOMMENDATION, AS WELL AS THE SALARIES FOR ALL EMPLOYEES, AND REFERS THE MATTER TO THE FULL BOARD OF DIRECTORS FOR FINAL DISPOSITION. THIS REVIEW WAS LAST DONE IN JANUARY OF 2023. Form 990, Part VI, Line 19 Required documents available to the public THESE DOCUMENTS ARE AVAILABLE UPON REQUEST AND ARE LISTED ON OUR WEBSITE AT WWW.USMMAAF.COM. Form 990, Part IX, Line 11g Other Fees Consulting Fees - Total Expense: 613271, Program Service Expense: 168153, Management and General Expenses: 445118, Fundraising Expenses: ; Other prof fees - Total Expense: 9709, Program Service Expense: 4354, Management and General Expenses: 4866, Fundraising Expenses: 489; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in beneficial interest in remainder trust - 579301; Change in charitable gift annuity liability - 69342;