2023-11-09T14:20:08-06:00 2022-12-31 FORVIS LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2022-01-01 116037948 United States Merchant Marine Academy Alumni Association and Foundation Inc % JAMES F TOBIN UNIT 5167735566 300 Steamboat Road Kings Point NY 11024 JAMES F TOBIN PRESIDENT AND CEO 5167735566 2023-10-30 true JAMES F TOBIN 999009999 Aaron Shapiro P01333816 2128674000 2 2022 2023-04-26 12:10:37Z JAMES F TOBIN 300 Steamboat Road Kings Point NY 11024 17954322 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 13 18 28200 0 4756078 6117207 154305 270287 2821550 -22606 321300 288012 8053233 6652900 1057918 1104594 0 0 1334010 1491579 0 0 408867 1534930 1865493 3926858 4461666 4126375 2191234 55826934 54000919 601093 427465 55225841 53573454 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. false false 1255255 1000519 MIDSHIPMEN AND ACADEMY ACTIVITIES - SUPPORT TO ACADEMY (USMMA) MIDSHIPMEN PROGRAMS AND ACTIVITIES ENHANCE THE EDUCATION EXPERIENCE OF 1,025 MIDSHIPMEN BY PROVIDING FINANCIAL SUPPORT TO 18 TEAMS, AND 21 CLUBS. PROMOTE ACADEMIC AND ATHLETIC EXCELLENCE BY SPONSORING 68 AWARDS AND SCHOLARSHIPS. 888307 104075 126123 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. 294172 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 15,425. PUBLISH THE SCUTTLEBUT NEWSLETTER BY E-MAIL TWICE A MONTH TO 7,825 ALUMNI. 12520 48164 JOB PLACEMENT SERVICES: JOB PLACEMENT - Career and internship services to midshipmen, recent graduates in compliance of obligation, and alumni. 96000 Rental revenue 12520 144164 2450254 true true false true false false false false false true true false false true true false true false false false false false false false true false false true true true false false false false false false false false true false false false false false false false false true 16 0 13 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 NY X X JAMES F TOBIN 5167735566 300 STEAMBOAT ROAD KINGS POINT NY 11024 JAMES F TOBIN PRESIDENT AND CEO 40.0 0.0 X X 225013 0 29868 BRIAN FOY LEGISLATIVE OUTREACH COORDINAT 40.0 0.0 X 112100 0 36479 MARILYN LIVI SENIOR VICE PRESIDENT 40.0 0.0 X 127105 0 15901 ROSALBA RACCAGNA VICE PRESIDENT OF FINANCE 40.0 0.0 X 110293 0 17963 JAMIE JOHNSON VP OF BUS & Strategic Dev. 40.0 0.0 X 101405 0 11631 JAMES L HAMILTON CHAIRMAN 4.0 0.0 X X 0 0 0 JOHN E CHICKERING VICE CHAIRMAN 2.0 0.0 X X 0 0 0 BRIAN F MURPHY VICE CHAIR, FINANCE 2.0 0.0 X X 0 0 0 JOSEPH D SCHWARTZSTEIN VICE CHAIR, ALUMNI/CHAPTERS 2.0 0.0 X X 0 0 0 JENNIFER F WILLIAMS VICE CHAIR, STRATEGIC PLANNING 2.0 0.0 X X 0 0 0 JOHN O ARNTZEN DIRECTOR 2.0 0.0 X 0 0 0 JOHN C BRENNAN DIRECTOR 2.0 0.0 X 0 0 0 EARL H BURNS DIRECTOR 2.0 0.0 X 0 0 0 JOHN D CAMERON DIRECTOR 2.0 0.0 X 0 0 0 THOMAS G DEVINE DIRECTOR 2.0 0.0 X 0 0 0 STEVEN T DZITKO DIRECTOR 2.0 0.0 X 0 0 0 RICHARD J HALLUSKA DIRECTOR 2.0 0.0 X 0 0 0 JOSEPH A MARTUCCI DIRECTOR 2.0 0.0 X 0 0 0 THEODORE H TEPLOW DIRECTOR 2.0 0.0 X 0 0 0 KEVIN J WALSH DIRECTOR 2.0 0.0 X 0 0 0 WARREN N WRIGHT DIRECTOR 2.0 0.0 X 0 0 0 JAMES H YOCUM DIRECTOR 2.0 0.0 X 0 0 0 SEAN K RITCHIE CHAPTERS DIRECTOR 2.0 0.0 X 0 0 0 675916 0 111842 5 false true false DANIEL J EDELMAN INC 250 HUDSON STREET NEW YORK NY 10013 PUBLIC RELATIONS 254735 1 275976 205392 5635839 221766 6117207 ALUMNI EVENTS & MERCHANDISE SALE 900099 126123 126123 JOB PLACEMENT SERVICE 541900 48164 48164 RENTAL REVENUE 532000 96000 96000 270287 681439 681439 0 0 103290 71006 32284 0 32284 32284 10087976 10792021 -704045 -704045 -704045 352830 275976 438395 -85565 -85565 0 0 0 0 0 0 OTHER 900099 313093 313093 PUBLICATION ADVERTISING 511120 28200 28200 341293 6652900 270287 28200 237206 1000519 1000519 104075 104075 0 0 383137 130428 200663 52046 0 868918 302342 453792 112784 26398 7593 14100 4705 121004 29248 65730 26026 92122 32054 48111 11957 0 41001 41001 68553 68553 165798 165798 0 150155 150155 235368 120988 113930 450 7154 7154 384950 195844 128638 60468 0 0 266435 71852 170481 24102 62400 42864 19536 0 291141 184031 122 106988 0 0 95591 34494 55482 5615 91715 22892 65097 3726 MISCELLANEOUS 5232 5232 4461666 2450254 1602545 408867 109251 9020 15114887 16729651 176069 349456 4151 4150 0 0 0 0 0 0 0 0 45449 37908 7269378 1632835 5478320 5636543 26605044 23749460 0 0 0 0 0 0 8293763 7484731 55826934 54000919 252141 306968 0 0 0 0 0 0 0 0 0 0 0 0 205392 0 143560 120497 601093 427465 X 14615885 16706428 40609956 36867026 55225841 53573454 55826934 54000919 X 2191234 -3057652 -785969 X false true X true false X 4671755 6424474 6671372 4756078 6117207 28640886 0 0 4671755 6424474 6671372 4756078 6117207 28640886 2056672 26584214 696817 863354 549520 658751 784729 3553171 21977 51916 44400 100141 28200 246634 152780 203645 55417 148683 313093 873618 33314309 822826 0.79798 0.82049 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 165798 false false 165798 false false Schedule C, Part II-B, Line 1g The expenses are for the Foundation's legislative coordinator, Brian Foy, and his salary, benefits, and travel expenses for when he visits Washington, DC. 18575652 3000 -2628430 90699 15859523 16681159 6294 1978896 90697 18575652 15769225 3000 983139 74205 16681159 13596127 6000 2248994 81896 15769225 14274598 7711 -598682 87500 13596127 0.94000 0.06000 false false 4639036 4639036 2058834 1092029 966805 10075 10075 523684 513240 10444 37749 17491 20258 5636543 BENEFICIAL INTEREST IN TRUST 7484731 7484731 0 CHARITABLE GIFT ANNUITY LIABILITY 120497 120497 X 2730130 -3057652 -714963 -3772615 6502745 150155 150155 6652900 4382517 71006 71006 4311511 150155 150155 4461666 Schedule D, PART XI, LINE 2D Change in value of beneficial interest in remainder trust: -$809,032 Change in value of charitable gift annuity liability: $ 23,063 Rental Expenses: $ 71,006 Schedule D, PART XII, LINE 2D Rental Expenses: $ 71,006 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. GOLF OUTINGS 628806 275976 352830 52385 89240 168985 127785 0 628806 275976 352830 52385 89240 168985 127785 438395 -85565 true US MERCHANT MARINE Academy 300 STEAMBOAT ROAD KINGS POINT NY 11024 371531429 501(C)(3) 965519 MIDSHIPMEN/ACADEMY ACTIVITIES WOMEN OFFSHORE FOUNDATION 5755 ALMEDA ROAD HOUSTON TX 77004 841937291 501(C)(3) 35000 Grant 2 Scholarships for Students 83 104075 Part I Description of Procedure for Monitoring Use of 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 195638 0 29375 0 0 0 11789 0 18079 0 254881 0 Schedule J, Part I, Line 7: James Tobin received a bonus. The bonus was based on exceptional work performance and leadership for the academy. The bonus was approved by the board of directors. X 16 129846 FMV X Auction items 127 91920 Selling price false true false Schedule M, 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 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 2022. 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 XI, Line 9: Change in value of split interest agreement: -$809,032 Change in value of charitable gift annuity liability: $ 23,063 Total to form 990, Part XI, Line 9: -$785,969