2025-11-13T07:47:22-06:00 2024-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2024-01-01 113561278 THE USMMA SAILING FOUNDATION INC USMM 6154658201 PO BOX 1199 SPRING HILL TN 37174 LARRY A LARSEN TREASURER 6154658201 2025-10-24 1 1 ALEXANDER LAZZARUOLO P01775353 2126617777 2024 2025-03-06 01:10:19Z WARRIOR SAILING PROGRAM LARRY A LARSEN PO BOX 1199 SPRING HILL TN 37174 18733495 0 X WWW.USMMASAILINGFOUNDATION.ORG X 2000 DE TO SUPPORT THE UNITED STATES MERCHANT MARINE ACADEMY & CONDUCT MARITIME EDUCATION/TRAINING 5 4 5 4 0 0 17105914 16771921 0 0 -866250 -4041312 1750251 1208195 17989915 13938804 474432 166496 0 0 668141 528033 0 0 195097 16736729 16595602 17879302 17290131 110613 -3351327 41682319 38587035 787522 1043565 40894797 37543470 TO SUPPORT THE UNITED STATES MERCHANT MARINE ACADEMY AND OTHER 501(C)(3) ORGANIZATIONS AND CONDUCT MARITIME EDUCATION AND TRAINING. 0 0 16761348 166496 THE FOUNDATION SUPPORTS VARIOUS SAILING PROGRAMS WHICH PROVIDE HANDS-ON LEARNING OPPORTUNITIES FOR YOUTH, COLLEGE SAILORS, AND ASPIRING MARINERS. DONATED VESSELS ARE USED BY THE U.S. MERCHANT MARINE ACADEMY IN WATERFRONT TRAINING PROGRAMS INCLUDING VARSITY SAILING TEAMS AND CLUBS, WHICH IMPART FUNDAMENTAL CONCEPTS OF SEAMANSHIP AND LEADERSHIP. THROUGH THE WARRIOR SAILING PROGRAM, THE FOUNDATION PROVIDES MARITIME EDUCATION FOR WOUNDED, ILL, AND INJURED SERVICE MEMBERS AND INTRODUCES THEM TO THE SPORT OF SAILING AND SAILBOAT RACING. THE FOUNDATION PROVIDES VESSELS FOR SPONSORED RACES, GIVING YOUNG SAILORS HANDS-ON EDUCATIONAL OPPORTUNITIES IN SEAMANSHIP. 16761348 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 1 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 64 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 SC X LARRY A LARSEN 6154658201 PO BOX 1199 SPRING HILL TN 37174 JEFFERY G NEUBERTH CHAIRMAN 3.00 X X 0 0 0 PAUL STRAUCH TRUSTEE 3.00 X 0 0 0 BRIAN GIORGIO TRUSTEE 3.00 X 0 0 0 CHRISTOPHER J GASIOREK TRUSTEE 3.00 X 0 0 0 RALF STEITZ PRESIDENT 40.00 X X 131998 0 25000 LARRY A LARSEN SECRETARY/TREASURER 40.00 X 140400 0 0 272398 0 25000 2 0 1 0 THE 2ND 3RD LLC 151 SE 1ST ST APT 2008 MIAMI FL 33131 MARINE OPERATIONS 128374 ICARUS SAILING LLC 207 FERRY AVE CHARLEVOIX MI 49720 PROGRAM MANAGEMENT 124012 2 200366 16571555 7661900 16771921 3 3 11100 0 11100 11100 11100 753376 4794691 -4041315 -4041315 -4041315 886942 0 886942 886942 OTHER INCOME 900099 310153 310153 310153 13938804 0 0 -2833117 X 165996 165996 500 500 297398 117513 79300 100585 142741 56923 40432 45386 52974 18827 4538 29609 34920 12411 2992 19517 81155 76385 4770 167900 158032 9868 2648115 2492474 155641 144334 140045 4289 994867 982329 12538 30895 30895 6358895 6358895 622913 618887 4026 SUPPLIES AND EXPENDABLE 3591974 3582031 9943 STORAGE, HAULING & TRUC 1685775 1685775 OTHER OPERATING EXPENSE 142997 137648 5349 REPAIRS & MAINTENANCE 125782 125782 17290131 16761348 333686 195097 437964 967583 28 28 554301 384599 27419 63904 64288791 27117870 40662607 37170921 41682319 38587035 326478 619895 461044 423670 787522 1043565 X 40413555 37341393 481242 202077 40894797 37543470 41682319 38587035 -3351327 0 X 0 1 X 0 0 X 13745997 6736802 24736373 17105914 16771921 79097007 13745997 6736802 24736373 17105914 16771921 79097007 33482372 45614635 185766 489073 174214 30327 11103 890483 11668 13562 88006 181579 310153 604968 80592458 4918188 0.56600 0.56590 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 11,668. 2021 AMOUNT: $ 13,562. 2022 AMOUNT: $ 88,006. 2023 AMOUNT: $ 181,579. 2024 AMOUNT: $ 310,153. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 300000 12000 288000 132515 132510 5 63856276 26973360 36882916 37170921 CURRENT PORTION OF LONG-TERM DEBT 9446 LONG-TERM DEBT NET OF CURRENT PORTION 194844 LINE OF CREDIT 219380 423670 13938804 0 13938804 0 13938804 17290131 0 17290131 0 17290131 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EDUCATIONAL ACTIVITIES 5551541 0 0 0 0 0 0 5551541 0 5551541 0 0 0 0 0 0 1 US MERCHANT MARINE ACADEMY 300 STEAMBOAT ROAD KINGS POINT NY 11024 GOV'T 0 165996 FMV SAILS & EQUIPMENT PROGRAM SUPPORT 1 X 0 0 0 0 0 0 0 0 0 RALF STEITZ PRESIDENT 131998 0 0 0 0 0 25000 0 0 0 156998 0 0 0 X 7 7661900 APPRAISED VALUE 10 1 1 0 PART I, COLUMN (B): THE NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 30B: DONATED VESSELS ARE HELD FOR 36 MONTHS AND USED FOR OUR EXEMPT PURPOSES. DONATED SAILS AND OTHER EQUIPMENT ARE USED FOR OUR EXEMPT PURPOSES BUT ARE NOT ALWAYS HELD FOR 36 MONTHS BEFORE SALE. 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 2,492,474. MANAGEMENT AND GENERAL EXPENSES 155,641. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,648,115. VESSEL OUTREACH FOUNDATION LLC 251 LITTLE FALLS DRIVE NEW CASTLE DE 19808 811440386 INACTIVE DE 0 0 USMMA SAILING FOUNDATION ONE OCEAN RACING LLC 251 LITTLE FALLS DRIVE NEW CASTLE DE 19808 833156262 INACTIVE DE 0 0 USMMA SAILING FOUNDATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0