2012-05-10T15:06:58-05:00 2011-12-31 221478099 JH COHN LLP 76 BATTERSON PARK ROAD FARMINGTON CT 06032 990 2011-01-01 061354978 US COAST GUARD ACADEMY ALUMNI ASSOCIATION INC UNIT 8604422683 47 MOHEGAN AVENUE NEW LONDON CT 06320 JAMES SYLVESTER 8604422683 2012-05-04 1 PATRICIA E MCGOWAN CPA P00184514 8606786000 2011 2016-02-24 21:20:13Z JAMES SYLVESTER 47 MOHEGAN AVENUE NEW LONDON CT 06320 11713715 0 X WWW.CGAALUMNI.ORG X 1992 CT ITS PURPOSE IS TO PROVIDE SERVICES TO AND PROMOTE FELLOWSHIP AMONG ITS MEMBERS. THE ORGANIZATION SHALL RAISE FUNDS TO PROVIDE "MARGIN OF EXCELLENCE" SUPPORT FOR THE CORPS OF CADETS (PRESENT DAY STUDENTS) AS COAST GUARD OFFICERS AND CIVILIAN EMPLOYEES ARE PROHIBITED BY THE LAW FROM SEEKING FUNDS BEYOND WHAT IS APPROPRIATED BY CONGRESS. THE ASSOCIATION IS A 501(C)(3) AND ALSO SERVES TO PRESERVE TRADITIONS AND ENHANCE THE REPUTATION OF THE ACADEMY AS IT CARRIES OUT THE ABOVE FUNCTIONS. 20 20 10 0 190322 13264 3035760 3658225 0 0 34425 -867459 201975 218807 3272160 3009573 0 0 0 0 646507 710293 59081 30043 543096 3460263 2323640 4165851 3063976 -893691 -54403 23849301 23236611 3579886 2447704 20269415 20788907 X THE ORGANIZATION'S PURPOSE IS TO PROVIDE SERVICES TO AND PROMOTE FELLOWSHIP AMONG ITS MEMBERS. THE ORGANIZATION SHALL RAISE FUNDS TO PROVIDE "MARGIN OF EXCELLENCE" SUPPORT FOR THE CORPS OF CADETS (PRESENT DAY STUDENTS) AS COAST GUARD OFFICERS AND CIVILIAN EMPLOYEES ARE PROHIBITED BY LAW FROM SEEKING FUNDS BEYOND WHAT IS APPROPRIATED BY THE CONGRESS. THE ASSOCIATION IS A 501 (C) 3 AND ALSO SERVES TO PRESERVE TRADITIONS AND ENHANCE THE REPUTATION OF THE ACADEMY AS IT CARRIES OUT THE ABOVE FUNCTIONS. 0 0 1712908 PROVIDES DIRECT SUPPORT TO THE COAST GUARD ACADEMY FOR VARIOUS PROJECTS IN MAJOR CATEGORIES SUCH AS ACADEMIC ENRICHMENT, CADET ACTIVITIES, ATHLETICS AND CAPITAL IMPROVEMENT PROJECTS IN VARIOUS ACADEMY BUILDINGS. 413245 OPERATING EXPENSES ALLOCATED TO VARIOUS PROJECTS IN THE CATEGORIES LISTED ABOVE WHICH PROVIDE ADMINISTRATIVE SUPPORT TO PROCESS AND DISTRIBUTE THE FUNDS NEEDED TO DO THE SAME. 34049 HOST OF HOMECOMING WEEKEND EACH YEAR FOR CLASSES. THIS ANNUAL FRIEND-RAISING SERIES OF EVENTS SOLIDIFIES ALUMNI WITH THEIR ALMA MATER AND PROVIDES THE OPPORTUNITY TO RECONNECT WITH OTHER GRADUATES WITH WHOM THEY SERVED ON ACTIVE DUTY IN THE COAST GUARD. 135393 PREPARE BI-MONTHLY MAGAZINE, MONTHLY E-NEWSLETTER AND ANNUAL DIRECTORY AND DISTRIBUTES SAME TO DUES PAYING MEMBERS. THESE ARE THE MEANS BY WHICH THE ASSOCIATION KEEPS ALUMNI CONNECTED TO THE INSTITUTION ON A REGULAR BASIS. 135393 2295595 1 1 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 10 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 CT X X JAMES SYLVESTER 8604422683 47 MOHEGAN AVENUE NEW LONDON CT 06320 MR RICHARD LARRABEE 1.00 X 0 0 0 LCDR ERIC D MASSON 1.00 X 0 0 0 CDR MIKAEL S STAIER 1.00 X 0 0 0 CAPT SUSAN BEBEAU 1.00 X 0 0 0 CAPT DOUGLAS J WISNIEWSKI 1.00 X 0 0 0 MR THOMAS LUCEY 1.00 X 0 0 0 MR JEFFREY KINGSLEY 1.00 X 0 0 0 MR SCOTT MEMMOTT 1.00 X 0 0 0 CAPT CHARLES WILLIAMS 1.00 X 0 0 0 CDR ANDREA MARCILLE 1.00 X 0 0 0 MR ROBERT OLSEN 1.00 X 0 0 0 MR KERRY WATTERSON 1.00 X 0 0 0 MR WILLIAM WOITYRA 1.00 X 0 0 0 LT DION K NICELY 1.00 X 0 0 0 CAPT MELISSA BERT 1.00 X 0 0 0 DR ROBERT C BYRD 1.00 X 0 0 0 MS TIFFANY OLSON JONES 1.00 X 0 0 0 LT CHRISTIAN E SOTO 1.00 X 0 0 0 CAPT JOSEPH D PHILLIPS 1.00 X 0 0 0 CAPT JOHN C MAXHAM 1.00 X 0 0 0 CAPT ROBERT E MCKENNA 1.00 X 0 0 0 CDR JAMES SYLVESTER 40.00 X X 136530 0 20480 136530 0 20480 1 0 1 0 MORRIS YACHTS PO BOX 395 BASS HARBOR ME 04653 BOAT CONSTRUCTION 2458385 JONATHAN JEFFERSON 35 UNION STREET APT 201 NEW LONDON CT 06320 INSTITUTE FOR LEADERSHIP DIRECTOR 186825 JAMES M LOY 129 WEST LANCASHIRE WILLIAMSBURG VA 23188 INSTITUTE FOR LEADERSHIP CHAIR 108333 3 472027 58975 3127223 3658225 170743 170743 11474 11474 11474 11474 7566509 8604711 -1038202 -1038202 -1038202 32200 58975 99431 -67231 -67231 9982 9982 9982 ADVERTISING INCOME - T 541800 190322 190322 AFFINITY INCOME 900099 36000 36000 SPECIAL EVENTS 900099 21448 21448 16812 16812 264582 3009573 9982 190322 -848956 157010 47103 78505 31402 435342 209521 38675 187146 66680 32032 6059 28589 51261 22452 9586 19223 30043 30043 2097 2097 90715 39733 16964 34018 1601607 1557603 14642 29362 36068 15798 6744 13526 598 598 142750 142750 16098 7051 3010 6037 ALUMNI BULLETIN AND DIR 135393 135393 BAD DEBTS 72639 72639 FUNDRAISING 70704 70704 PROFESSIONAL FEES 41371 41371 113600 86159 9131 18310 3063976 2295595 225285 543096 842830 609399 605964 767769 2486 3285 3427 3427 5029766 983343 4189173 4046423 18095421 17686233 110000 120075 23849301 23236611 12573 34079 35850 175598 3567313 2202177 3579886 2447704 X 5093424 5219491 251650 2364763 14924341 13204653 20269415 20788907 23849301 23236611 X -54403 573895 X X 0 1 1 X 0 X 4269613 2765003 3119605 3035760 3658225 16848206 110564 12102 12666 7205 9982 152519 4380177 2777105 3132271 3042965 3668207 17000725 0 1376725 444331 531072 309000 249829 2910957 1376725 444331 531072 309000 249829 2910957 14089768 353722 214939 118330 1927615 182217 2796823 131083 201742 170233 175534 14264 692856 484805 416681 288563 2103149 196481 3489679 13263 90751 32994 11564 74260 222832 4878245 3284537 3453828 5157678 3938948 20713236 0.68020 0.80370 0.16850 0.18080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15250713 2437025 -441193 -947726 -264923 -145629 15888267 13989720 1999386 1378664 -1066793 -921731 -128533 15250713 13456350 1977972 2704115 -3939140 -91899 -117678 13989720 17401687 1652967 -3821968 -1359734 -282159 -134443 13456350 0.04070 0.77540 0.18390 1 0 4663202 707569 3955633 83618 74739 8879 282946 201035 81911 4046423 ANNUITY PAYMENTS DUE 260031 ACCRUED EXPENSES 56003 PROMISE TO GIVE 1886143 2202177 3009573 3063976 -54403 573895 573895 519492 3872499 573895 289031 862926 3009573 0 3009573 3353007 289031 289031 3063976 0 3063976 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PROVIDE "MARGIN OF EXCELLENCE SUPPORT" TO THE COAST GUARD ACADEMY TO FACILITATE A MORE ENRICHING EXPERIENCE FOR STUDENTS IN THE AREAS OF ACADEMICS, ATHLETICS AND STUDENT ACTIVITIES. THE ASSOCIATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH THE INCOME TAX TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION (FASB ASC). THE ASSOCIATION FILES FEDERAL AND STATE OF CONNECTICUT EXEMPT ORGANIZATION RETURNS, WHICH REPRESENT THE MAJOR TAX JURISDICTIONS OF THE ASSOCIATION. FEDERAL AND STATE TAX YEARS 2008 THROUGH 2011 REMAIN OPEN FOR AUDIT UNDER THE VARIOUS STATUTES OF LIMITATIONS. X X X X X 1 IDC LTD HARRIS CONNECT 1511 ROUTE 22 BREWSTER NY 10509 PHONE SOLICIATION 0 293718 30043 263675 293718 30043 263675 CT THE OTTO GRAHAM GOLF TOURNEY 91175 58975 32200 0 2549 33600 4307 91175 58975 32200 2549 33600 4307 40456 -8256 X X X X 0 0 0 0 0 0 0 0 0 CDR JAMES SYLVESTER 136530 0 0 0 0 0 0 0 20480 0 157010 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS PAY DUES ($72/YEAR) TO BE CONSIDERED "ACTIVE" AND BE ENTITLED TO ALL BENEFITS AND VOTING PRIVILEGES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE ON THE SLATE OF 4 DIRECTORS PUT FORTH BY THE NOMINATING COMMITTEE ON AN ANNUAL BASIS. MEMBERS MAY ALSO SUBMIT WRITE-IN CANDIDATES. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES MADE TO THE CONSTITUTION MUST BE VOTED ON BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER PRIOR TO FILING WITH THE IRS. COPIES OF THE FILED RETURN ARE PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: 1. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, 2. HAS READ AND UNDERSTANDS THE POLICY, AND; 3. HAS AGREED TO COMPLY WITH THE POLICY. ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS ARE TO BE DISCLOSED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 IN 2006, THE COMPENSATION COMMITTEE, MADE UP OF THREE BOARD MEMBERS SURVEYED VARIOUS NON-PROFITS IN THE GEOGRAPHIC AREAS. THE PRESIDENT'S SALARY WAS DETERMINED BASED ON ANALYZING THE SALARIES OF OTHER PRESIDENTS IN VARIOUS ORGANIZATION'S. IN 2008, A SALARY SURVEY WAS PERFORMED BY AN OUTSIDE CONSULTANT FOR ALL STAFF POSITIONS. THE SALARY DATA WAS OBTAINED VIA THE WEB FOR WHICH THE CONSULTANT HAD ACCESS ON A FEE BASIS TO MULTIPLE DATA BASES. THE PRESIDENT'S SALARY WAS DETERMINED BY COMPARING THE SALARIES OF OTHER PRESIDENTS AND ORGANIZATION HEADS. THE PRESIDENT RECOMMENDED THE SALARIES BASED ON THE DATA GATHERED AND THE BOARD APPROVED THE SALARIES. DIRECTORS SERVE ON A VOLUNTEER BASIS AND RECEIVE NO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC BY POSTING THESE DOCUMENTS TO THEIR WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 573,895. THE ORGAINIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.