2025-11-17T09:23:46+00:00 2024-12-31 440160260 Forvis Mazars LLP 135 West 50th Street New York NY 10020 990 2024-01-01 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 2025-11-17 true true Aaron Shapiro P01333816 2128127000 2025-11-17 2024 2025-03-06 01:10:19Z James F Tobin 300 STEAMBOAT ROAD KINGS POINT NY 11024 11960818 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. 19 18 11 19 45000 0 4941121 4199875 226498 227272 1158915 1770765 239050 293331 6565584 6491243 1220437 2555996 0 1523045 1573056 0 504858 2104638 1971599 4848120 6100651 1717464 390592 58754802 61962540 381478 513924 58373324 61448616 X See Schedule O false false 2683207 2451336 MIDSHIPMEN AND ACADEMY ACTIVITIES - SUPPORT TO ACADEMY (USMMA) MIDSHIPMEN PROGRAMS AND ACTIVITIES ENHANCE THE EDUCATION EXPERIENCE OF 1,020 MIDSHIPMEN BY PROVIDING FINANCIAL SUPPORT TO 18 TEAMS, AND 23 CLUBS. PROMOTE ACADEMIC AND ATHLETIC EXCELLENCE BY SPONSORING 90 AWARDS AND SCHOLARSHIPS. 921213 104660 97279 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 55 ALUMNI AWARDS. 227995 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 15,782. PUBLISH THE SCUTTLEBUT NEWSLETTER BY E-MAIL TWICE A MONTH TO 7,975 ALUMNI. 14149 27543 JOB PLACEMENT SERVICES: JOB PLACEMENT - CAREER AND INTERNSHIP SERVICES TO MIDSHIPMEN, RECENT GRADUATES IN COMPLIANCE OF OBLIGATION, AND ALUMNI. 102450 Rental Revenue 14149 129993 3846564 true true false true false 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 false false true false 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 19 18 false false false false false false false true true false true true true true true true true true true false false false NY X X JAMES F TOBIN 5167735566 300 STEAMBOAT ROAD KINGS POINT NY 11024 BRIAN F MURPHY VICE CHAIR, FINANCE 2.0 0.0 X X 0 0 0 JAMES F TOBIN PRESIDENT AND CEO 40.0 0.0 X X 238724 0 28123 JENNIFER F WILLIAMS VICE CHAIR, STRATEGIC PLANNING 2.0 0.0 X X 0 0 0 JOHN C BRENNAN Vice Chair (Alumni Affairs/Chapters) 2.0 0.0 X X 0 0 0 JOHN E CHICKERING Vice CHAIRMAN, Finance 2.0 0.0 X X 0 0 0 JOSEPH D SCHWARTZSTEIN CHAIRMAN 4.0 0.0 X X 0 0 0 EARL H BURNS DIRECTOR 2.0 0.0 X 0 0 0 Frank V Liantonio Director 2.0 0.0 X 0 0 0 Glenda S O'Connor Director 2.0 0.0 X 0 0 0 JAMES L HAMILTON Director 4.0 0.0 X 0 0 0 JOHN D CAMERON DIRECTOR 2.0 0.0 X 0 0 0 JOHN O ARNTZEN DIRECTOR 2.0 0.0 X 0 0 0 JOSEPH S MARTUCCI DIRECTOR 2.0 0.0 X 0 0 0 RICHARD J HALLUSKA DIRECTOR 2.0 0.0 X 0 0 0 SEAN K RITCHIE CHAPTERS DIRECTOR 2.0 0.0 X 0 0 0 STEVEN T DZITKO DIRECTOR 2.0 0.0 X 0 0 0 THEODORE H TEPLOW DIRECTOR 2.0 0.0 X 0 0 0 THOMAS G DEVINE DIRECTOR 2.0 0.0 X 0 0 0 WARREN N WRIGHT DIRECTOR 2.0 0.0 X 0 0 0 ROSALBA RACCAGNA VICE PRESIDENT OF FINANCE 40.0 40.0 X 124742 0 18428 JAMIE JOHNSON VP OF BUS & STRATEGIC DEV. 40.0 0.0 X 132482 0 18884 MARILYN LIVI SENIOR VICE PRESIDENT 40.0 0.0 X 137941 0 16330 633889 0 81765 4 false true false Daniel J Edelman Inc 250 Hudson Street New York NY 10013 Public Relations 188911 1 291120 3908755 146385 4199875 ALUMNI EVENTS & MERCHANDISE SALE 900099 97279 97279 JOB PLACEMENT SERVICE 541900 27543 27543 RENTAL REVENUE 532000 102450 102450 0 0 0 0 227272 1254883 1254883 109771 57947 51824 0 51824 51824 5451160 4935278 515882 0 515882 515882 464805 291120 476350 -11545 -11545 OTHER 900099 208052 208052 PUBLICATION ADVERTISING 511120 45000 45000 0 0 0 0 253052 6491243 227272 45000 2019096 2451336 2451336 104660 104660 410017 137657 207793 64567 924845 311795 464986 148064 34752 11724 20066 2962 104887 29744 50204 24939 98555 33226 49551 15778 30884 30884 73385 73385 123091 123091 146155 146155 233038 144880 87519 639 5861 459 5402 319879 142185 117492 60202 62249 38367 19070 4812 183300 36178 81826 65296 68622 52011 16611 301322 190285 527 110510 121181 18150 99655 3376 95928 19268 73076 3584 Bad Debt 204889 204889 Miscellaneous 1815 1548 138 129 0 0 0 0 6100651 3846564 1749229 504858 107728 305 22512996 22792526 308474 56161 6494 5994 0 0 0 0 37312 31112 7464554 1859783 5641786 5604771 22075980 24097120 0 0 8064032 9374551 58754802 61962540 330323 475969 0 0 51155 37955 0 0 381478 513924 X 18279694 17914081 40093630 43534535 58373324 61448616 58754802 61962540 X 390592 1360981 1323719 X false true true false X 6671372 4756078 6117207 4941121 4199875 26685653 0 0 6671372 4756078 6117207 4941121 4199875 26685653 1029287 25656366 549520 658751 784729 1009814 1364654 4367468 44400 100141 28200 42600 45000 260341 55417 148683 313093 262778 208052 988023 32301485 949867 0.79428 0.79539 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER, COLUMN A - 55417.0, COLUMN B - 148683.0, COLUMN C - 313093.0, COLUMN D - 262778.0, COLUMN E - 208052.0, COLUMN F - 988023.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 123091 false false 123091 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. 18155837 3000 2102737 20261574 15859523 3000 2293314 18155837 18575652 3000 -2628430 90699 15859523 16681159 6294 1978896 90697 18575652 15769225 3000 983139 74205 16681159 0.0 0.6689 0.3311 false false 4639036 4639036 2213788 1285728 928060 10075 10075 0 547906 528254 19652 53749 35726 18023 5604771 Beneficial Trust 9374551 9374551 9087735 1360981 1381666 2742647 6345088 146155 0 146155 6491243 6012443 57947 57947 5954496 146155 0 146155 6100651 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 - 13200 CHANGE IN BENEFICIAL INTEREST IN REMAINDER TRUST - 1310519 RENTAL EXPENSES - 57947 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSES - 57947 GOLF OUTINGS 755925 291120 464805 68763 177862 124263 105462 0 0 755925 291120 464805 68763 177862 124263 105462 476350 -11545 true US Merchant Marine Academy 300 Steamboat Road Kings Point NY 11024 371531429 501(C)(3) 2365578 Midshipmen/Academy Activities Women's Offshore Foundation 5755 Almeda Road Houston TX 77004 841937291 501(C)(3) 85758 GENERAL SUPPORT 2 Scholarships for students 90 104660 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 208724 0 30000 0 0 0 12725 0 15398 0 266847 0 0 0 MARILYN LIVI SENIOR VICE PRESIDENT 127941 0 10000 0 0 0 4334 0 11996 0 154271 0 0 0 JAMIE JOHNSON VP OF BUS & STRATEGIC DEV. 123482 0 9000 0 0 0 6888 0 11996 0 151366 0 0 0 Schedule J, Part I, Line 7 Non-fixed payments BONUSES WERE BASED ON EXCEPTIONAL WORK PERFORMANCE AND LEADERSHIP FOR THE ACADEMY. THE BONUSES WERE APPROVED BY THE BOARD OF DIRECTORS. 16 92225 Market value X Auction Items 85 54160 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 4a-4c Description of program services (Expenses $ 14,149 including grants of $)(Revenue $ 27,543) JOB PLACEMENT SERVICES: JOB PLACEMENT - CAREER AND INTERNSHIP SERVICES TO MIDSHIPMEN, RECENT GRADUATES IN COMPLIANCE OF OBLIGATION, AND ALUMNI. Form 990, Part III, Line 4a-4c Description of program services (Expenses $ including grants of $)(Revenue $ 102,450) 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 2024. 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.usmmaalumni.com. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in beneficial interest in remainder trust - 1310519; Change in charitable gift annuity liability - 13200; Total - 1323719;