2025-05-15T12:57:08-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 1188 PADRE DRIVE STE 101 SALINAS CA 93901 990 2023-07-01 237213404 CALIFORNIA MARITIME ACADEMY FOUNDATION INC CALI 7076541085 200 MARITIME ACADEMY DRIVE VALLEJO CA 94590 ANGIE KRAETSCH VP & CFO, CSU MARITIME ACADEMY 7076541000 2025-05-15 1 1 KIELY HOLCOMB CPA P01430569 8317596300 2025-05-15 2023 2025-03-06 01:10:19Z ANGIE KRAETSCH 200 MARITIME ACADEMY DRIVE VALLEJO CA 94590 13022625 0 X WWW.CSUM.EDU X 1972 CA WORKING WITH FACULTY, ALUMNI, PARENTS, DONORS, AND STUDENTS, TO BROADEN CAL MARITIME'S COMMUNITY. 29 24 0 25 3236304 0 2358038 4187801 2505030 2737745 806738 1648815 27735 764442 5697541 9338803 504809 532411 0 0 0 0 0 0 107752 10880900 7624390 11385709 8156801 -5688168 1182002 35610883 35233040 5201499 2705608 30409384 32527432 X WORKING WITH THE FACULTY, ALUMNI, PARENTS, DONORS, AND STUDENTS, SEEKING TO BROADEN CAL MARITIME'S COMMUNITY TO INCLUDE ALL WHO HOLD A STAKE IN ITS PAST, PRESENT, AND FUTURE. RESPONSIBILITIES INCLUDE FUNDRAISING, DONOR RELATIONS, ALUMNI AFFAIRS, LEGISLATIVEAFFAIRS, AND FUNDRAISING DATABASE MANAGEMENT. 0 0 6789674 0 455427 ACTIVITIES RELATING TO RAISING MONEY FOR SCHOLARSHIPS, SUPPORTING THE ACADEMIC AND STUDENT PROGRAMS, AND BUILDING THE ENDOWMENT. 532411 532411 0 SCHOLARSHIPS - SCHOLARSHIP DONATIONS ARE PROVIDED TO THE UNIVERSITY AND AWARDED TO STUDENTS TO OFFSET THE COST OF ATTENDING THE ACADEMY. 7322085 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 17 0 1 0 1 1 0 0 0 0 1 1 1 3 0 0 1 0 0 0 X 29 24 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 1 1 0 0 0 CA X X X MARILOU COLLINS 7076541280 200 MARITIME ACADEMY DR VALLEJO CA 94590 MICHAEL DUMONT DIRECTOR (PRESIDENT, CSU CMA) 4.00 40.00 X 157057 0 53677 HOLLY OSEN DIRECTOR 4.00 0.00 X 0 0 0 ADAM MOILANEN DIRECTOR 4.00 0.00 X 0 0 0 ANNE MCINTYRE DIRECTOR 4.00 0.00 X 0 0 0 LYNN KORWATCH DIRECTOR 4.00 0.00 X 0 0 0 JOHN GIFFIN DIRECTOR 4.00 0.00 X 0 0 0 DAVID FRANKEL DIRECTOR 4.00 0.00 X 0 0 0 KIM ESTES DIRECTOR 4.00 0.00 X 0 0 0 MARIO CORDERO DIRECTOR 4.00 0.00 X 0 0 0 CAMERON CLARK DIRECTOR 4.00 0.00 X 0 0 0 MARC BAYER DIRECTOR 4.00 0.00 X 0 0 0 KRIS ABRUDAN DIRECTOR 4.00 0.00 X 0 0 0 BETH KIRKPATRICK CHAIR, AUDIT COMMITTEE 4.00 0.00 X 0 0 0 GLADYS BROWN CHAIR, EXTERNAL RELATIONS COMMITTEE 4.00 0.00 X 0 0 0 BILL ANDREW CHAIR, MARINE DEVELOPMENT COMMITTEE 4.00 0.00 X 0 0 0 KAHLAI PRATT DTR (CORPS COMMANDER,CORPS OF CADETS) 4.00 0.00 X 0 0 0 RYAN OKADA DTR (PRES. ASSOC. STUDENTS CMA) 4.00 0.00 X 0 0 0 ERIN PIERSON DTR (PRES.CAL MARITIME ALUMNI ASSOC) 4.00 0.00 X 0 0 0 KAREN SMITH SECRETARY 4.00 0.00 X X 0 0 0 MICHAEL RODGERS VICE CHAIR,TREASURER (INTERIM) 4.00 0.00 X X 0 0 0 BETH HELLWIG VP, CSU CMA 4.00 0.00 X 0 0 0 TIMOTHY COOMBS CHAIR, GOVERNANCE COMMITTEE 4.00 0.00 X 0 0 0 JOHN BETZ CHAIR, EXEC. COMM 4.00 0.00 X X 0 0 0 CHRISTOPHER PETERSON DIRECTOR 4.00 0.00 X 0 0 0 ED WASHBURN DIRECTOR 4.00 0.00 X 0 0 0 JENNIFER RADICS JOHNSON DTR (SR.DIR.OF ADV.OPERATIONS,CSUMA) 40.00 0.00 X 150000 0 64697 SAMARO BANNISTER CAPTAIN 4.00 40.00 X 182300 0 92670 LORI SCHROEDER DIRECTOR (VP ACADEMIC AFFAIRS,CSUMA) 4.00 40.00 X 248400 0 103988 FRANZ LOZANO FOUNDATION CONTROLLER (VP/CFO,CSUMA) 4.00 40.00 X X 223596 0 141818 961353 0 456850 0 0 1 1 CIVIL SEAS LLC 2252 EVERGREEN STREET SAN DIEGO CA 92106 MARINE BROKERAGE 518384 1 45150 4142651 3606381 4187801 VESSEL LEASE REVENUE 532284 2282318 2282318 MANAGEMENT FEE 561110 455427 455427 2737745 666483 32894 633589 2500551 2022342 2439311 1101250 61240 921092 982332 921092 61240 274815 45150 143261 131554 131554 OTHER OPRT REVENUE 990009 632888 632888 632888 9338803 455427 3236304 1459271 532411 532411 15860 15860 78426 78426 677019 674037 2982 23099 22991 108 16658 3960 9628 3070 41483 41483 736 736 109804 104509 5295 5277 5277 5027296 4988500 38796 OTHER EXPENSES 635458 246204 326901 62353 AUXILIARY SUPPORT TO CM 285611 285611 FDN ADMIN SERVICE FEE 255990 255990 SUPPLIES AND EQUIPMENT 249280 216072 33208 202393 201030 1363 8156801 7322085 726964 107752 3835349 6037476 6137912 2500551 161690 155506 9164 8159 16853823 8174786 11677583 8679037 10117328 16056013 998201 1017003 2673656 779295 35610883 35233040 120904 83971 21667 63412 5058928 2558225 5201499 2705608 X 0 0 11667583 11983845 18741801 20543587 30409384 32527432 35610883 35233040 1182002 936046 0 X X 0 1 X 1 0 X 5844017 11984566 10651042 2358038 4187801 35025464 5844017 11984566 10651042 2358038 4187801 35025464 17020062 18005402 313139 268385 341377 393673 694829 2011403 34289 27735 131554 193578 632888 632888 37863333 1023231 0.47550 0.46290 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER OPERATING REVENUE - 2023 AMOUNT: $ 632,888. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15866246 461642 3694574 490649 354921 19176892 12264913 451267 810523 443472 -2783015 15866246 13514934 206779 -1204034 433453 -180687 12264913 10726358 1063122 2133889 408435 13514934 9284095 2367693 -374508 169686 71575 252611 10783408 0.09410 0.89030 0.01560 0 0 775929 775929 1163894 135786 1028108 14914000 8039000 6875000 0 8679037 REFUNDABLE BOAT DEPOSITS 1791400 LEASE PAYABLE 766825 2558225 X 10418110 936046 143261 1079307 9338803 0 9338803 8300062 143261 143261 8156801 0 8156801 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS ALSO EXEMPT FROM CALIFORNIA FRANCHISE TAXES UNDER SECTION 23701(D) OF THE REVENUE AND TAXATION CODE (THE CODE) AND, THEREFORE, HAS MADE NO PROVISION FOR FEDERAL OR CALIFORNIA INCOME TAXES. CONTRIBUTORS, DONORS, AND GRANTORS MAY OBTAIN TAX BENEFITS. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE FOUNDATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAXES ON CHARTER LEASE REVENUE RECEIVED THROUGH THE BOAT DONATION PROGRAM. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE FOUNDATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE FOUNDATIONS FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2024. THE FOUNDATION IS SUBJECT POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL PURPOSES IS THREE YEARS AND FOR CALIFORNIA PURPOSES IS FOUR YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RE-ALLOCATED TO STATEMENT OF REVENUE 143,261. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RE-ALLOCATED TO STATEMENT OF REVENUE 143,261. 1 NORTH AMERICA 0 0 CONTRIBUTION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GALA 303078 45150 257928 90500 13500 3250 2125 9147 GOLF TOURNAMENT 3189 3189 3189 1 13698 13698 2463 782 400 17905 319965 45150 274815 93689 15963 4032 2525 27052 143261 131554 1 CALIFORNIA STATE UNIVERSITY MARITIME ACADEMY 200 MARITIME ACADEMY DRIVE VALLEJO CA 94590 680316355 STATE OF CALIFORNIA 532411 0 N/A N/A STUDENT ASSISTANCE 1 0 PART I, LINE 2: THE ORGANIZATION'S GRANT FUNDS SHALL BE ADMINISTERED BY THE BOARD OF DIRECTORS FOR THE BENEFIT OF THE CALIFORNIA STATE UNIVERSITY MARITIME ACADEMY. ANY UNRESTRICTED (UNDESIGNATED) FUNDS SHALL BE ADMINISTERED AT THE DIRECTION OF THE EXECUTIVE DIRECTOR OF THE FOUNDATION. ANY RESTRICTED (DESIGNATED) FUNDS SHALL BE USED FOR THE SPECIFIC PURPOSE(S) INTENDED AND NO OTHER(S). 0 0 0 0 0 0 0 0 0 FRANZ LOZANO FOUNDATION CONTROLLER (VP/CFO,CSUMA) 223596 0 0 0 0 0 71551 0 70267 0 365414 0 0 0 LORI SCHROEDER DIRECTOR (VP ACADEMIC AFFAIRS,CSUMA) 248400 0 0 0 0 0 46733 0 57255 0 352388 0 0 0 SAMARO BANNISTER CAPTAIN 182300 0 0 0 0 0 51403 0 41267 0 274970 0 0 0 JENNIFER RADICS JOHNSON DTR (SR.DIR.OF ADV.OPERATIONS,CSUMA) 150000 0 0 0 0 0 48000 0 16697 0 214697 0 0 0 MICHAEL DUMONT DIRECTOR (PRESIDENT, CSU CMA) 157057 0 0 0 0 0 41133 0 12544 0 210734 0 0 0 FORM 990, SCHEDULE J, PART II THE FOLLOWING INDIVIDUALS RECEIVED THE FOLLOWING TYPES OF COMPENSATION FROM CALIFORNIA STATE UNIVERSITY MARITIME ACADEMY, AN UNRELATED ORGANIZATION: FRANZ LOZANO; BASE COMPENSATION $223,596, DEFERRED COMPENSATION $71,551 AND NONTAXABLE BENEFITS $70,267 LORI SCHROEDER; BASE COMPENSATION $248,400, DEFERRED COMPENSATION $46,733, AND NONTAXABLE BENEFITS $57,225 JENNIFER RADICS JOHNSON; BASE COMPENSATION $150,000, DEFERRED COMPENSATION $48,000, AND NONTAXABLE BENEFITS $16,697 SAMARO BANNISTER; BASE COMPENSATION $182,300, DEFERRED COMPENSATION $51,403, AND NONTAXABLE BENEFITS $41,267 MICHAEL DUMONT; BASE COMPENSATION $157,057, DEFERRED COMPENSATION $41,133, AND NONTAXABLE BENEFITS $12,544 X 9 3300000 FMV X 1 204587 FMV X AUCTION ITEMS 169 93689 FMV X SUPPLIES 4 8105 FMV 9 1 1 1 PART I, COLUMN (B): IN PART I, COLUMN (B) THE ORGANIZATION IS REPORTING THE NUMBER OF ITEMS RECEIVED PER EACH PROPERTY TYPE. PART I, LINE 30B: THE ORGANIZATION RECEIVED BY CONTRIBUTION 9 BOATS THAT MUST BE HELD FOR AT LEAST 3 YEARS FROM THE DATE OF INITIAL CONTRIBUTION BEFORE BEING SOLD. PART I, LINE 32B: THE ORGANIZATION USES THIRD PARTY BOAT BROKERS TO ACQUIRE VESSEL DONATIONS. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF THE UNIVERSITY IN CONSULTATION WITH THE FOUNDATION BOARD PRESIDENT WILL APPOINT EX-OFFICIO BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE BEEN GRANTED AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 15 ALL PAID PERSONS INVOLVED WITH THE CALIFORNIA MARITIME ACADEMY FOUNDATION, INC. ARE EMPLOYED BY THE STATE OF CALIFORNIA AND ARE HIRED USING THE STATE'S HIRING CRITERIA. FORM 990, PART VI, SECTION C, LINE 19 ADDITIONAL INFORMATION REGARDING THE ORGANIZATION MAY BE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.