2017-10-27T06:52:17-05:00 2016-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2016-01-01 116037948 UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOUNDATION INC UNIT 5167735566 14 BOND STREET GREAT NECK NY 11021 JAMES F TOBIN PRESIDENT 5167735566 2017-10-25 1 AARON SHAPIRO P01333816 2128674000 38.98.118.70 2017-10-27 06:15:19 ED P 225B73B148284D6C629F7CBF4AC09CDDFD7CF9F8 73A2BDB4DEE3E1301F7FB9DCBA9193E2BC5F7900 2016 2021-01-29 14:40:06Z JAMES F TOBIN 14 BOND STREET GREAT NECK NY 11021 10786961 0 X WWW.USMMAAF.COM X 2002 NY THE PURPOSE OF UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOUNDATION, INC (FOUNDATION) IS TO ADVANCE AND AID IN THE DEVELOPMENT OF THE UNITED STATES MERCHANT MARINE ACADEMY (THE ACADEMY) AT KINGS POINT, NEW YORK; PROVIDE GREATER EDUCATION FACILITIES AND OPPORTUNITIES FOR THE REGIMENT OF MIDSHIPMEN AND THE ACADEMY; RAISE FUNDS, MONEY AND PROPERTY AND DONATE, ASSIGN AND/OR LOAN SUCH FUNDS OR PROPERTY FOR USE IN THE ACADEMY'S EDUCATIONAL PROGRAMS AND WELFARE; AND PROVIDE GRADUATES OF THE ACADEMY WITH FURTHER OPPORTUNITY AND FACILITIES FOR THE CONTINUANCE OF THEIR EDUCATION IN MARINE SCIENCES. 21 20 8 21 34186 -191602 3715829 7111978 110328 167971 795573 119599 -49239 -15861 4572491 7383687 1508613 1189372 0 0 720240 820061 84640 86480 429877 1283476 1599988 3596969 3695901 975522 3687786 28845813 35371946 149985 397140 28695828 34974806 X 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. 0 0 1526816 1102174 MIDSHIPMEN AND ACADEMY ACTIVITIES - SUPPORT TO ACADEMY (USMMA) MIDSHIPMEN PROGRAMS AND ACTIVITIES. ENHANCE THE EDUCATION EXPERIENCE OF 1,050 MIDSHIPMEN BY PROVIDING FINANCIAL SUPPORT TO 23 TEAMS, AND 38 CLUBS. PROMOTE ACADEMIC AND ATHLETIC EXCELLENCE BY SPONSORING 63 AWARDS AND SCHOLARSHIPS. 644901 87198 117552 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. 295010 PUBLICATIONS - SUPPORT TO COMMUNICATIONS ( PUBLICATIONS & WEBSITE ) FOR ALUMNI, PARENTS, AND MIDSHIPMEN. PUBLISH THE KINGS POINTER MAGAZINE FOUR TIMES A YEAR WITH A CIRCULATION OF 17,600. PUBLISH THE SCUTTLEBUT NEWSLETTER BY E-MAIL TWICE A MONTH TO 7,000 ALUMNI. 5337 50419 JOB PLACEMENT-CAREER AND INTERNSHIP SERVICES SUPPORT TO MIDSHIPMEN, RECENT GRADUATES IN COMPLIANCE OF OBLIGATION AND ALUMNI. 5337 50419 2472064 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 19 0 8 1 1 1 0 0 0 0 1 1 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 NY X X JAMES F TOBIN 5167735566 14 BOND STREET GREAT NECK NY 11021 JOHN O ARNTZEN CHAIRMAN 1.00 X X 0 0 0 CHRISTOPHER D ROBERTS VICE CHAIR DEVELOPMENT 1.00 X X 0 0 0 JAMES L HAMILTON VICE CHAIR FINANCE 1.00 X X 0 0 0 JOSEPH A MARTINO VICE CHAIR ALUMNI AFFAIRS/ CHAPTERS 1.00 X X 0 0 0 CHARLES J HILL VICE CHAIR STRATEGIC PLANNING UNTIL 5/16 1.00 X X 0 0 0 JOHN C BRENNAN DIRECTOR 1.00 X 0 0 0 JOHN D CAMERON DIRECTOR 1.00 X 0 0 0 JOHN E CHICKERING DIRECTOR 1.00 X 0 0 0 THOMAS G DEVINE DIRECTOR 1.00 X 0 0 0 JOSE E LEONARD DIRECTOR 1.00 X 0 0 0 JAMES B LIEBERTZ DIRECTOR 1.00 X 0 0 0 MONICA L MALONE DIRECTOR 1.00 X 0 0 0 JOSEPH A MARTUCCI DIRECTOR 1.00 X 0 0 0 PETER J RACKETT DIRECTOR 1.00 X 0 0 0 ADAM M RAPACKI DIRECTOR 1.00 X 0 0 0 JOSEPH D SCHWARTZSTEIN DIRECTOR 1.00 X 0 0 0 JOSEPH D STEWART DIRECTOR 1.00 X 0 0 0 THEODORE H TEPLOW DIRECTOR 1.00 X 0 0 0 KEVIN J WALSH DIRECTOR 1.00 X 0 0 0 THOMAS A WESLEY DIRECTOR 1.00 X 0 0 0 JAMES H YOCUM DIRECTOR 1.00 X 0 0 0 RONALD BETANCOURT DIRECTOR UNTIL 1/16 1.00 X 0 0 0 CONSTANCE C BUHL DIRECTOR UNTIL 7/16 1.00 X 0 0 0 JAMES E FORDE DIRECTOR UNTIL 9/16 1.00 X 0 0 0 JAMES F TOBIN PRESIDENT 40.00 X X 163158 0 23918 ROSALBA ZIEMANM CONTROLLER 40.00 X 87223 0 9071 250381 0 32989 1 0 1 0 DANIEL J EDELMAN INC 250 HUDSON ST NEW YORK NY 10013 CONSULTING 231756 GERALD S REHM & ASSOCIATES INC 721 LAKEVIEW ROAD CLEARWATER FL 33756 CONSULTING 157026 2 490678 6621300 215969 7111978 ALUMNI EVENTS & MERCHANDISE SALE 900099 117552 117552 JOB PLACEMENT SERVICE REVENUE 541900 50419 50419 167971 358400 358400 80000 23971 56029 56029 56029 2670495 2909296 -238801 -238801 -238801 347485 490678 470007 -122522 -122522 PUBLICATION ADVERTISING 511120 34186 34186 OTHER 900099 16446 16446 50632 7383687 167971 34186 69552 X 1102174 1102174 87198 87198 283370 76740 187445 19185 421171 238375 87684 95112 20025 10685 2969 6371 44121 24211 2971 16939 51374 23374 19439 8561 43059 43059 52808 52808 86480 86480 86822 86822 611999 437091 172779 2129 3043 300 2743 399440 238443 93280 67717 29116 25411 3705 40082 36485 3597 233393 117809 270 115314 51731 25909 22043 3779 43822 26167 13070 4585 4673 1692 2981 3695901 2472064 793960 429877 110029 154077 10005267 13709896 418306 565814 5826 6580 46557 37389 3497090 1238621 2252722 2258469 13146759 13583506 2860347 5056215 28845813 35371946 149985 397140 149985 397140 X 7772658 8580283 4689320 7978921 16233850 18415602 28695828 34974806 28845813 35371946 X 3687786 395324 2195868 X X 0 1 X 1 0 X 4461807 3675141 3290911 3715829 7111978 22255666 4461807 3675141 3290911 3715829 7111978 22255666 2319743 19935923 279422 421507 483717 472816 438400 2095862 74630 49106 85294 53967 34186 297183 12531 21408 10225 46398 16446 107008 24755719 547545 0.80530 0.85250 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13373503 9500 23602 47218 13359387 13383674 9500 28568 48239 13373503 13316435 84000 29559 46320 13383674 13318454 4000 26039 32058 13316435 13290709 13000 15004 259 13318454 1.00000 0 0 1465540 1465540 1542972 778672 764300 10075 10075 0 461012 433304 27708 17491 16570 921 2258469 BENEFICIAL INTEREST IN TRUST 5056215 5056215 X 9912028 395324 2219839 2615163 7296865 86822 86822 7383687 3633050 23971 23971 3609079 86822 86822 3695901 PART V, LINE 4: ENDOWMENT FUNDS WERE ESTABLISHED FOR THE SUPPORT OF THE ACADEMY, AND ITS PROGRAMS, INFRASTRUCTURE AND ACADEMIC SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2013 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 2,195,868. RENTAL EXPENSES 23,971. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 23,971. X X X X X X 1 AFRC INC DBA ADVANTAGE CONSULTING 208 PASSAIC AVENUE FLOOR 2 FAIRFIELD NJ 07004 PHONE-A-THON SOLICITATION 0 684438 86480 597958 684438 86480 597958 NY BLUE AND GRAY GOLF 838163 490678 347485 88333 333773 47901 838163 490678 347485 88333 333773 47901 470007 -122522 FORM 990 SCHEDUE G PART II LINE 6: FOOD AND BEVERAGE COSTS ARE INCLUDED IN THE TOTAL RENT/FACILITY COST OF THE EVENT. 1 US MERCHANT MARINE ACADEMY STEAMBOAT RD KINGS POINT NY 110241699 371531429 501(C) (3) 1102174 MIDSHIPMEN AND ACADEMY ACTIVITIES 1 0 SCHOLARSHIPS FOR STUDENTS 90 87198 PART I, LINE 2: THE FOUNDATION PROVIDES SUPPORT TO ONLY ONE ORGANIZATION, THE ACADEMY. GRANTS ARE ACCEPTED BY THE PROCESS ESTABLISHED BY THE MARITIME ADMINISTRATION OF THE UNITED STATES DEPARTMENT OF TRANSPORTATION. THE FOUNDATION RECEIVES AN ANNUAL GRANT REQUEST FROM THE ACADEMY, AND BASED UPON AVAILABLE FUNDS FOR THE SPECIFIC PURPOSES REQUESTED IN THE GRANT REQUEST, THE THE FOUNDATION AWARDS THE FUNDS. ALL GRANT REQUESTS MUST BE DETAILED, INDICATING THE PURPOSE AND THE GENERAL USE OF THE FUNDS. ANNUAL GRANTS MUST BE APPROVED BY THE BOARD OF DIRECTORS. X X X 0 0 0 0 0 0 0 1 0 JAMES F TOBIN PRESIDENT 158384 0 4774 0 0 0 9548 0 14370 0 187076 0 0 0 PART I, LINE 7 JAMES TOBIN RECEIVED A BONUS. THE BONUS WAS BASED ON EXCEPTIONAL WORK PERFORMANCE AND LEADERSHIP DURING A DIFFICULT PERIOD OF TIME FOR THE ACADEMY. THE BONUS WAS APPROVED BY THE BOARD OF DIRECTORS. X 19 127636 SELLING PRICE X SUPPLIES 108 88333 SELLING PRICE 0 1 0 PART I, COLUMN (B): THE ITEMS REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B 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, SECTION B, LINE 12C 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, SECTION B, LINE 15A THE COMPENSATION COMMITTEE MAKES RECOMENDATIONS, BASED UPON COMPARABLE DATA, TO THE EXECUTIVE COMMITTEE REGARDING THE PRESIDENT'S SALARY. THE EXECUTIVE COMMITTEE APPROVES THE COMPENSATION COMMITTEE'S RECOMENDATION, 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 2016. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST AND ARE LISTED ON OUR WEBSITE AT WWW.USMMAAF.COM. FORM 990, PART IX, LINE 11G PENSION, PAYROLL, & OTHER TAX SERVICE: PROGRAM SERVICE EXPENSES 3,808. MANAGEMENT AND GENERAL EXPENSES 2,200. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,008. CONSULTING: PROGRAM SERVICE EXPENSES 424,642. MANAGEMENT AND GENERAL EXPENSES 166,933. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 591,575. MOVING & STORING: PROGRAM SERVICE EXPENSES 7,141. MANAGEMENT AND GENERAL EXPENSES 3,646. FUNDRAISING EXPENSES 2,129. TOTAL EXPENSES 12,916. PHOTOGRAPHERS: PROGRAM SERVICE EXPENSES 1,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,500. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 2,195,868. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.