2013-11-13T18:56:34-06:00 2012-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2012-01-01 116037948 UNITED STATES MERCHANT MARINE ACADEMY ALUMNI FOUNDATION INC UNIT 5167735993 14 BOND STREET GREAT NECK NY 11021 JAMES F TOBIN 5167735993 2013-11-06 1 FREDERICK H ROTHMAN P01275277 2128674000 2012 2016-02-24 21:20:13Z X JAMES F TOBIN 14 BOND STREET GREAT NECK NY 11021 19294495 0 X WWW.USMMAAF.COM X 2002 NY THE FOUNDATION'S PURPOSE 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. 26 25 8 26 74630 -117462 4057518 4461807 110144 107080 43256 200075 428503 -322048 4639421 4446914 925217 1210682 0 0 609335 658656 0 92000 781861 1402663 1302962 2937215 3264300 1702206 1182614 23979117 25789593 292411 108070 23686706 25681523 X THE FOUNDATION'S PURPOSE 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. 0 0 1130535 1130535 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. 480557 80147 64646 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. 208953 74630 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. 3684 42434 JOB PLACEMENT-CAREER AND INTERNSHIP SERVICES SUPPORT TO MIDSHIPMEN, RECENT GRADUATES IN COMPLIANCE OF OBLIGATION AND ALUMNI. 3684 42434 1823729 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 8 0 8 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 25 1 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 0 0 1 0 0 NY X JAMES F TOBIN 5167735566 14 BOND STREET GREAT NECK NY 11021 CHARLES J HILL 1.00 X X 0 0 0 JOHN O ARNTZEN 1.00 X X 0 0 0 RAYMOND E DOMBROWSKI 1.00 X X 0 0 0 THOMAS W HARRELSON 1.00 X X 0 0 0 W THADDEUS MILLER 1.00 X X 0 0 0 JAMES F TOBIN 1.00 X X 150000 0 30534 MARY JANE AND ROCCO FUSCHETTO 1.00 X 0 0 0 CONSTANCE L BUHL 1.00 X 0 0 0 MATTHEW J BOWEN 1.00 X 0 0 0 JAMES E FORDE 1.00 X 0 0 0 GARY D GILBERT 1.00 X 0 0 0 ROBERT B GRUNE 1.00 X 0 0 0 JAMES L HAMILTON 1.00 X 0 0 0 RAY T HARDEE 1.00 X 0 0 0 ROBERT J LAVANIA 1.00 X 0 0 0 JOSE E LEONARD 1.00 X 0 0 0 JOSEPH A MARTINO 1.00 X 0 0 0 ERIC L MENSING 1.00 X 0 0 0 BRIAN MURPHY 1.00 X 0 0 0 SCOTT W O'CONNOR 1.00 X 0 0 0 CHRISTOPHER R RENTNER 1.00 X 0 0 0 EILEEN D ROBERTSON 1.00 X 0 0 0 BRIAN P SLATTERY 1.00 X 0 0 0 ROBERT L SMITH 1.00 X 0 0 0 STEPHEN G WARE 1.00 X 0 0 0 JAMES H YOCUM 1.00 X 0 0 0 150000 0 30534 1 0 1 0 NIXON PEABODY 437 MADISON AVE NEW YORK NY 10022 LEGAL SERVICE 129429 1 573758 3888049 298820 4461807 ALUMNI EVENTS & MERCHANDISE SALE 900099 64646 64646 JOB PLACEMENT SERVICE REVENUE 900099 42434 42434 107080 200072 200072 79350 108258 -28908 -28908 -28908 14165860 14165857 3 3 3 193165 573758 573466 -380301 -380301 PUBLICATION ADVERTISING 511120 74630 74630 OTHER INCOME 900099 12531 12531 87161 4446914 107080 74630 -196603 X 1130535 1130535 80147 80147 180534 72214 90267 18053 386939 213241 133908 39790 10120 6574 2400 1146 34547 17710 12517 4320 46516 21835 19313 5368 54805 54805 44549 44549 92000 92000 100142 100142 1373 1373 431768 170619 42664 218485 48364 30852 17512 476471 73367 405 402699 52722 52722 27886 963 26923 64882 5672 59210 3264300 1823729 658710 781861 100 200 17386662 8009599 332690 494673 2956 4956 1241796 35574 3859761 1042973 2863702 2816788 12037839 2151211 2389964 23979117 25789593 292411 108070 292411 108070 X 5322450 5966480 2922336 4006625 15441920 15708418 23686706 25681523 23979117 25789593 X 1182614 -16 812219 X X 0 1 X 1 0 X 3305262 4311924 4843727 4057518 4461807 20980238 3305262 4311924 4843727 4057518 4461807 20980238 627485 20352753 659036 301972 99835 130104 279422 1470369 68573 81520 84012 707586 12531 954222 23404829 611124 0.86960 0.81410 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME GAIN ON SETTLEMENT RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13290709 13000 15004 259 13318454 13276758 11542 2409 13290709 14590689 1650 258645 8500 14842484 13206630 1358704 25355 14590689 13498334 188088 -479792 13206630 1.00000 0 0 1989781 1989781 1423250 599516 823734 10075 10075 0 421466 419004 2462 15189 14378 811 2816788 BENEFICIAL INTEREST IN TRUST HELD BY THIRD PARTY 2389964 2389964 X 5367375 -16 920477 920461 4446914 0 4446914 3372558 108258 108258 3264300 0 3264300 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS WERE ESTABLISHED FOR THE SUPPORT OF THE UNITED STATES MERCHANT MARINE ACADEMY, AND ITS PROGRAMS, INFRASTRUCTURE AND ACADEMIC SCHOLARSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2009 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 238,753. RENTAL EXPENSES 108,258. FUNDRAISING EVENTS 573,466. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 108,258. X X X X X X 1 ADVANTAGE CONSULTING 208 PASSAIC AVENUE FLOOR 2 FAIRFIELD NJ 07004 PHONE-A-THON SOLICITATION 0 309629 92000 217629 309629 92000 217629 NY BLUE AND GRAY GOLF 766923 573758 193165 176202 130719 104501 162044 766923 573758 193165 176202 130719 104501 162044 573466 -380301 1 US MERCHANT MARINE ACADEMY STEAMBOAT RD KINGS POINT NY 110241699 371531429 U.S MERCHANT MARINE 1130535 MIDSHIPMEN AND ACADEMY ACTIVITIES 1 SCHOLARSHIPS FOR STUDENTS 49 80147 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE UNITED STATES MERCHANT MARINE ACADEMY ALUMNI FOUNDATION PROVIDES SUPPORT TO ONLY ONE ORGANIZATION, THE UNITED STATES MERCHANT MARINE ACADEMY. GRANTS ARE ACCEPTED BY THE PROCESS ESTABLISHED BY THE MARITIME ADMINISTRATION OF THE UNITED STATES DEPARTMENT OF TRANSPORTATION. THE UNITED STATES MERCHANT MARINE ACADEMY ALUMNI FOUNDATION RECEIVES AN ANNUAL GRANT REQUEST FROM THE UNITED STATES MERCHANT MARINE ACADEMY, AND BASED UPON AVAILABLE FUNDS FOR THE SPECIFIC PURPOSES REQUESTED IN THE GRANT REQUEST, THE THE UNITED STATES MERCHANT MARINE ACADEMY ALUMNI FOUNDATION AWARDS THE MONIES. 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 0 0 JAMES F TOBIN 150000 0 0 0 0 0 9000 0 21534 0 180534 0 0 0 X 20 114932 SELLING PRICE X SUPPLIES 176 183888 SELLING PRICE 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THIS NUMBER CONSISTS OF A NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 MARY JANE FUSCHETTO AND ROCCO FUSCHETTO ARE HUSBAND AND WIFE. THEY COMBINE FOR 1 VOTE (1/2 OF A VOTE FOR EACH) FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION'S BY LAWS WERE AMENDED TO EXPAND THE BOARD TO 26 MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS SUBMITTED TO AND REVIEWED BY THE FOUNDATION'S PRESIDENT, AND A COPY WAS SUBMITTED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. 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 2012. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST AND ARE LISTED ON OUR WEBSITE AT WWW.USMMAAF.COM. OTHER FEES FORM 990, PART IX, LINE 11G PENSION, PAYROLL, & OTHER TAX SERVICE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,842. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,842. HIRING COSTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 100. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100. CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 94,200. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 94,200. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: BAD DEBT LOSS CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 238,753. BLUE AND GRAY EXPENSES 573,466. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.