2023-11-11T16:35:04-06:00 2022-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2022-01-01 113561278 THE USMMA SAILING FOUNDATION INC USMM 6154658201 PO BOX 1199 SPRING HILL TN 37174 LARRY A LARSEN TREASURER 6154658201 2023-11-09 1 LARRY LARSEN 999009999 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WARRIOR SAILING PROGRAM LARRY A LARSEN PO BOX 1199 SPRING HILL TN 37174 27579287 0 X WWW.USMMASAILINGFOUNDATION.ORG X 2000 DE TO SUPPORT THE UNITED STATES MERCHANT MARINE ACADEMY & CONDUCT MARITIME EDUCATION/TRAINING 5 4 6 5 0 0 6736802 24736373 0 0 -2347492 -3132676 1607244 1570652 5996554 23174349 1483614 439395 0 0 700562 693251 0 0 229084 10979991 13369926 13164167 14502572 -7167613 8671777 32552654 41405905 440247 621721 32112407 40784184 TO SUPPORT THE UNITED STATES MERCHANT MARINE ACADEMY AND OTHER 501(C)(3) ORGANIZATIONS AND CONDUCT MARITIME EDUCATION AND TRAINING. 0 0 13942435 439395 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. 13942435 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 1 0 0 0 0 1 124 0 1 6 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 SC X LARRY A LARSEN 6154658201 PO BOX 1199 SPRING HILL TN 37174 JEFFERY G NEUBERTH CHAIRMAN 3.00 X X 0 0 0 JAYME FAGAS TRUSTEE 3.00 X 0 0 0 WILLIAM P CAMPBELL TRUSTEE 40.00 X 0 0 0 CHRISTOPHER J GASIOREK TRUSTEE 3.00 X 0 0 0 RALF STEITZ PRESIDENT 40.00 X X 175000 0 25000 LARRY A LARSEN SECRETARY/TREASURER 40.00 X 140400 0 0 315400 0 25000 2 0 1 0 0 197492 24538881 19185723 24736373 116 116 174098 0 174098 174098 174098 1007146 265000 1033138 3371800 -25992 -3106800 -3132792 -3132792 1308548 0 1308548 1308548 OTHER INCOME 900099 88006 88006 88006 23174349 0 0 -1562024 X 439395 439395 340400 154150 66061 120189 206857 91219 40382 75256 103663 62472 18616 22575 42331 25510 7602 9219 486 486 211562 195816 15746 2093897 1938507 155390 125441 116200 7981 1260 759136 750418 8133 585 12932 12932 6393624 6393624 589463 589352 111 SUPPLIES AND EXPANDABLE 1586689 1578163 8526 STORAGE, HAULING & TRUC 1318978 1318978 REPAIRS & MAINTENANCE 185082 185082 OTHER OPERATING EXPENSE 92636 90617 2019 14502572 13942435 331053 229084 1523174 1502351 70000 118208 665861 59339 51683 58622569 19527382 30872756 39095187 32552654 41405905 209604 399457 230643 222264 440247 621721 X 31578177 39168924 534230 1615260 32112407 40784184 32552654 41405905 8671777 0 X 0 1 X 0 0 X 18853673 8705109 13745997 6736802 24736373 72777954 18853673 8705109 13745997 6736802 24736373 72777954 26134214 46643740 205 185 185766 489073 174214 849443 173148 206784 11668 13562 88006 493168 74120565 0.62930 0.61710 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 173,148. 2019 AMOUNT: $ 206,784. 2020 AMOUNT: $ 11,668. 2021 AMOUNT: $ 13,562. 2022 AMOUNT: $ 88,006. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 534230 4263742 3182712 1615260 2518076 3251693 5235539 534230 333333 2518076 333333 2518076 1460424 1127091 333333 1142589 798758 480923 1460424 1.00000 0 0 300000 300000 132515 114870 17645 58190054 19412512 38777542 39095187 CURRENT PORTION OF LONG-TERM DEBT 8721 LONG-TERM DEBT NET OF CURRENT PORTION 213543 222264 23373713 199364 199364 23174349 0 23174349 14701936 199364 199364 14502572 0 14502572 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 2021 AND 2020, 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 2021 AND 2020 DONATED ASSETS TOTALING $2,416,000 AND $8,425,000, RESPECTIVELY, WERE CAPITALIZED AND CREDITED TO THE VESSEL FUND. 1 US MERCHANT MARINE ACADEMY 300 STEAMBOAT ROAD KINGS POINT NY 11024 GOV'T 439395 0 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 17987855 APPRAISED VALUE X 18 1033138 FMV X SUPPLIES 11 164730 FMV 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. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,938,507. MANAGEMENT AND GENERAL EXPENSES 155,390. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,093,897. VESSEL OUTREACH FOUNDATION LLC 251 LITTLE FALLS DRIVE NEW CASTLE DE 19808 811440386 DE 0 0 USMMA SAILING FOUNDATION ONE OCEAN RACING LLC 251 LITTLE FALLS DRIVE NEW CASTLE DE 19808 833156262 DE 0 0 USMMA SAILING FOUNDATION