2021-10-28T10:00:25-05:00 2020-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA NEW YORK NY 10004 990 2020-01-01 113561278 THE USMMA SAILING FOUNDATION INC USMM 6154658201 11055 6TH STREET EAST TREASURE ISLAND FL 33706 LARRY A LARSEN TREASURER 6154658201 2021-10-15 1 LARRY LARSEN 999009999 JAMES J REILLY P00183769 2126617777 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LARRY A LARSEN 11055 6TH STREET EAST TREASURE ISLAND FL 33706 17598376 0 X WWW.USMMASAILINGFOUNDATION.ORG X 2000 DE TO SUPPORT THE UNITED STATES MERCHANT MARINE ACADEMY & CONDUCT MARITIME EDUCATION/TRAINING 5 4 5 5 0 0 8705109 13745997 0 0 -2900263 -8374655 212495 275947 6017341 5647289 1439816 1145126 0 0 501831 626822 0 0 218937 9577254 7242888 11518901 9014836 -5501560 -3367547 42815023 40024161 167456 744141 42647567 39280020 TO SUPPORT THE UNITED STATES MERCHANT MARINE ACADEMY AND OTHER 501(C)(3) ORGANIZATIONS AND CONDUCT MARITIME EDUCATION AND TRAINING. 0 0 8548874 1145126 RECEIVING AND ADMINISTRATING CHARITABLE GIFTS, DEVISES AND BEQUESTS OF BOATS, TOGETHER WITH ASSOCIATED EQUIPMENT AND FUNDS FOR THE MAINTENANCE OF SUCH BOATS, FROM THE PUBLIC IN SUPPORT OF THE FOUNDATION'S MISSION. 8548874 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 46 0 1 5 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NY X LARRY A LARSEN 6154658201 1436 SAVANNAH PARK DRIVE SPRING HILL TN 37174 JEFFERY G NEUBERTH CHAIRMAN 3.00 X X 0 0 0 RALF STEITZ PRESIDENT 40.00 X X 175000 0 25000 WILLIAM P CAMPBELL TRUSTEE 40.00 X 0 0 0 CHRISTOPHER J GASIOREK TRUSTEE 3.00 X 0 0 0 PAUL STRAUCH TRUSTEE 3.00 X 0 0 0 LARRY A LARSEN SECRETARY/TREASURER 40.00 X 140400 0 0 315400 0 25000 2 0 1 0 0 159547 13586450 12186012 13745997 666 666 185100 0 185100 185100 185100 2597766 978000 2616387 9334700 -18621 -8356700 -8375321 -8375321 79179 0 79179 79179 MISCELLANEOUS INCOME 900099 11668 11668 11668 5647289 0 0 -8098708 1145126 1145126 340401 195686 29887 114828 208144 119656 18277 70211 42895 24659 3766 14470 35382 20340 3107 11935 30856 24729 6127 184814 148117 36697 597149 478570 118579 124053 119080 2931 2042 224829 218365 3702 2762 2751 2751 5125175 5125175 208685 205673 3012 STORAGE, HAULING & TRUC 380626 380626 SUPPLIES AND EXPANDABLE 289816 273823 15829 164 REPAIRS & MAINTENANCE 46489 46489 OTHER OPERATING EXPENSE 27645 22760 2360 2525 9014836 8548874 247025 218937 751974 3243680 53276 84208 19948 41323 49331464 12676514 41989825 36654950 42815023 40024161 167456 424129 0 320012 167456 744141 X 42314234 36761944 333333 2518076 42647567 39280020 42815023 40024161 -3367547 0 X 0 1 X 1 0 X 8156709 36789346 18853673 8705109 13745997 86250834 8156709 36789346 18853673 8705109 13745997 86250834 32973370 53277464 241 13068 205 185 185766 199465 14784 52348 173148 206784 11668 458732 86909031 0.61300 0.64950 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2016 AMOUNT: $ 14,784. 2017 AMOUNT: $ 52,348. 2018 AMOUNT: $ 173,148. 2019 AMOUNT: $ 206,784. 2020 AMOUNT: $ 11,668. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 333333 2518076 333333 2518076 1460424 1127091 333333 1142589 798758 480923 1460424 1725275 1142589 1725275 1142589 60779 3173332 1508836 1725275 1.00000 0 0 300000 300000 132509 85472 47037 48898955 12591042 36307913 36654950 PAYCHECK PROTECTION PROGRAM LOAN 81322 CURRENT PORTION OF LONG-TERM DEBT 8051 LONG-TERM DEBT NET OF CURRENT PORTION 230639 320012 5647289 0 5647289 0 5647289 9014836 0 9014836 0 9014836 PART V, LINE 4: THE FOUNDATION'S NET ASSETS WITHOUT DONOR RESTRICTIONS CONSIST OF THE FOLLOWING TWO FUNDS: OPERATING FUND REPRESENTS ASSETS AVAILABLE FOR GENERAL USE IN THE OPERATION OF THE FOUNDATION. DURING 2020 AND 2019, THERE WERE NO DONATED ASSETS THAT WERE CAPITALIZED AND CREDITED TO THE OPERATING FUND. VESSEL FUND REPRESENTS DONATED ASSETS ASSOCIATED WITH THE SALE AND MAINTENANCE OF VESSELS. DURING 2020 AND 2019 DONATED ASSETS TOTALING $8,425,000 AND $4,920,400, RESPECTIVELY, WERE CAPITALIZED AND CREDITED TO THE VESSEL FUND. 1 US MERCHANT MARINE ACADEMY 300 STEAMBOAT ROAD KINGS POINT NY 11024 GOV'T 1145126 FMV PROPERTY PROGRAM SUPPORT 1 X 0 0 0 0 0 0 0 0 0 RALF STEITZ PRESIDENT 175000 0 0 0 0 0 25000 0 0 0 200000 0 0 0 X 7 8425000 APPRAISED VALUE X 3 2616387 FMV X SAILS & OTHER VARIOUS MAR 9 1144625 AN APPRAISAL 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE TREASURER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY MUST BE SIGNED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.