2026-05-14T19:27:02-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 2001 16TH STREET SUITE 1700 DENVER CO 80202 990 2024-07-01 237213404 CALIFORNIA MARITIME ACADEMY FOUNDATION INC CALI 7076541085 200 MARITIME ACADEMY DRIVE VALLEJO CA 94590 ANGIE KRAETSCH ACTING CFO 7076541000 2026-05-14 1 1 REBECCA DETTMANN CPA P01408585 3037795710 2026-05-14 2024 2025-03-06 01:10:19Z ANGIE KRAETSCH 200 MARITIME ACADEMY DRIVE VALLEJO CA 94590 18465832 0 X SEE SCHEDULE O X 1972 CA WORKING WITH FACULTY, ALUMNI, PARENTS, DONORS, AND STUDENTS, TO BROADEN CAL MARITIME'S COMMUNITY. 28 27 0 26 4753044 0 4187801 7487057 2737745 2653940 1648815 3267428 764442 6334 9338803 13414759 532411 858072 0 0 0 0 0 0 35484 7624390 7951509 8156801 8809581 1182002 4605178 35233040 41004618 2705608 2213532 32527432 38791086 X WORKING WITH THE FACULTY, ALUMNI, PARENTS, DONORS, AND STUDENTS, SEEKING TO BROADEN CAL MARITIME'S COMMUNITY TO INCLUDE ALL WHO HOLD A STAKE IN ITS PAST, PRESENT, AND FUTURE. RESPONSIBILITIES INCLUDE FUNDRAISING, DONOR RELATIONS, ALUMNI AFFAIRS, LEGISLATIVEAFFAIRS, AND FUNDRAISING DATABASE MANAGEMENT. 0 0 6478786 163244 597311 ACTIVITIES RELATING TO RAISING MONEY FOR SCHOLARSHIPS, SUPPORTING THE ACADEMIC AND STUDENT PROGRAMS, AND BUILDING THE ENDOWMENT. 694828 694828 0 SCHOLARSHIPS - SCHOLARSHIP DONATIONS ARE PROVIDED TO THE UNIVERSITY AND AWARDED TO STUDENTS TO OFFSET THE COST OF ATTENDING THE ACADEMY. 7173614 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5 0 1 0 1 1 0 0 0 0 0 1 3 0 0 1 0 0 0 X 28 27 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 1 0 0 0 CA X X MARILOU COLLINS 7076541280 200 MARITIME ACADEMY DR VALLEJO CA 94590 X JOHN BETZ CHAIRMAN 4.00 X X 0 0 0 MICHAEL RODGERS TREASURER 4.00 X X 0 0 0 KAREN SMITH SECRETARY 4.00 X X 0 0 0 KRIS ABRUDAN DIRECTOR 4.00 X 0 0 0 BILL ANDREW DIRECTOR 4.00 X 0 0 0 SAMARO BANNISTER DIRECTOR 4.00 X 0 0 0 MARC BAYER DIRECTOR 4.00 X 0 0 0 ROBERT BRISENO DIRECTOR 4.00 X 0 0 0 TIMOTHY COOMBS DIRECTOR 4.00 X 0 0 0 MARIO CORDERO DIRECTOR 4.00 X 0 0 0 MICHAEL DUMONT DIRECTOR (PRESIDENT, CSU CMA) 4.00 X 0 0 0 KIM ESTES DIRECTOR 4.00 X 0 0 0 DAVID FRANKEL DIRECTOR 4.00 X 0 0 0 JOHN GIFFIN DIRECTOR 4.00 X 0 0 0 CARL HOLMES DIRECTOR 4.00 X 0 0 0 NIKHIL HUNTER DIRECTOR 4.00 X 0 0 0 BETH KIRKPATRICK DIRECTOR 4.00 X 0 0 0 ANGIE KRAETSCHDIRECTOR VPCFO CSU CMA)/FDTN CONTROLLER AS OF 08/24 4.00 X X 11370 0 2226 LYNN KORWATCH DIRECTOR 4.00 X 0 0 0 MITCH MATHAI DIRECTOR 4.00 X 0 0 0 ANNE MCINTYRE DIRECTOR 4.00 X 0 0 0 ADAM MOILANEN DIRECTOR 4.00 X 0 0 0 HOLLY OSEN DIRECTOR 4.00 X 0 0 0 CHRISTOPHER PETERSON DIRECTOR 4.00 X 0 0 0 JENNIFER RADICS-JOHNSON DTR (SR.DIR.OF ADV.OPERATIONS,CSUMA) 4.00 X 0 0 0 KRIS RIETMANN-ABRUDAN DIRECTOR 4.00 X 0 0 0 TODD ROBERTS DIRECTOR 4.00 X 0 0 0 ED WASHBURN DIRECTOR 4.00 X 0 0 0 FRANZ LOZANO FOUNDATION CONTROLLER (VP/CFO,CSUMA) THRU 08/24 4.00 X 58695 0 7635 70065 0 9861 0 0 0 1 CIVIL SEAS LLC 2252 EVERGREEN STREET SAN DIEGO CA 92106 MARINE BROKERAGE 914924 1 197773 7289284 6842037 7487057 VESSEL LEASE REVENUE 532284 2056629 2056629 MANAGEMENT FEE 561110 597311 597311 2653940 909092 28504 880588 2768611 4548474 3078186 1880563 -309575 2667911 2358336 2667911 -309575 80230 197773 92324 -12094 -12094 OTHER REVENUE 990009 18428 18428 18428 13414759 597311 4753044 577347 X 856322 856322 1750 1750 41109 41109 112848 112848 1603584 1596533 237 6814 35604 35604 17341 6207 9439 1695 6226 6226 342265 342265 61497 58689 2808 4252 4252 3452307 3413511 38796 10416 10416 R AND M VESSELS 923429 175205 748224 MOORAGE 364488 364488 FDN ADMIN SERVICE FEE 328338 328338 COST RECOVERY 302085 302085 345720 302146 19407 24167 8809581 7173614 1600483 35484 6037476 8745470 2500551 2772361 155506 101556 8159 17056 13071323 3082656 8679037 9988667 16056013 17102103 1017003 1416402 779295 861003 35233040 41004618 83971 412317 63412 62514 2558225 1738701 2705608 2213532 X 0 0 11983845 16577647 20543587 22213439 32527432 38791086 35233040 41004618 4605178 1658476 0 X X 0 1 X 1 0 X 11984566 10651042 2358038 4187801 7487057 36668504 11984566 10651042 2358038 4187801 7487057 36668504 18585304 18083200 268385 341377 393673 694829 880588 2578852 34289 27735 131554 0 193578 632888 18428 651316 40092250 1620542 0.45100 0.47550 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER OPERATING REVENUE - 2023 AMOUNT: $ 632,888. 2024 AMOUNT: $ 18,428. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19176892 476558 1821046 685315 20789181 15866246 461642 3694574 490649 354921 19176892 12264913 451267 810523 443472 -2783015 15866246 13514934 206779 -1204034 433453 -180687 12264913 10726358 1063122 2133889 408435 13514934 0.08490 0.89080 0.02430 0 0 775929 775929 1939823 174582 1765241 0 10355571 2908074 7447497 0 9988667 REFUNDABLE BOAT DEPOSITS 887289 LEASE PAYABLE 851412 1738701 X 15052711 1658476 92324 1750800 13301911 112848 112848 13414759 8789057 92324 92324 8696733 112848 112848 8809581 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS ALSO EXEMPT FROM CALIFORNIA FRANCHISE TAXES UNDER SECTION 23701(D) OF THE REVENUE AND TAXATION CODE (THE CODE) AND, THEREFORE, HAS MADE NO PROVISION FOR FEDERAL OR CALIFORNIA INCOME TAXES. CONTRIBUTORS, DONORS, AND GRANTORS MAY OBTAIN TAX BENEFITS. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE FOUNDATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAXES ON CHARTER LEASE REVENUE RECEIVED THROUGH THE BOAT DONATION PROGRAM. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE FOUNDATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE FOUNDATIONS FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2025. THE FOUNDATION IS SUBJECT POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL PURPOSES IS THREE YEARS AND FOR CALIFORNIA PURPOSES IS FOUR YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RE-ALLOCATED TO STATEMENT OF REVENUE 92,324. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RE-ALLOCATED TO STATEMENT OF REVENUE 92,324. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 312813 0 0 0 0 0 0 312813 0 312813 1 0 1 1 0 0 PART I, LINE 3: INVESTMENTS ARE ACCOUNTED FOR IN THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS USING THE FAIR MARKET VALUE OF EACH FUND PER EACH FUND'S INVESTMENTS STATEMENT. THE AMOUNT IN COLUMN (F) IS THE FAIR MARKET VALUE. ANNUAL GALA 258614 187114 71500 3000 60566 5947 1900 GOLF TOURNAMENT 19389 10659 8730 8280 0 450 12181 278003 197773 80230 3000 68846 5947 450 14081 92324 -12094 1 CALIFORNIA STATE UNIVERSITY MARITIME ACADEMY 200 MARITIME ACADEMY DRIVE VALLEJO CA 94590 680316355 STATE OF CALIFORNIA 856322 0 N/A N/A GENERAL ACADEMIC/STUDENT PROGRAM SUPPORT AND STUDENT SCHOLARSHIPS 1 0 PART I, LINE 2: THE ORGANIZATION'S GRANT FUNDS SHALL BE ADMINISTERED BY THE BOARD OF DIRECTORS FOR THE BENEFIT OF THE CALIFORNIA STATE UNIVERSITY MARITIME ACADEMY. ANY UNRESTRICTED (UNDESIGNATED) FUNDS SHALL BE ADMINISTERED AT THE DIRECTION OF THE EXECUTIVE DIRECTOR OF THE FOUNDATION. ANY RESTRICTED (DESIGNATED) FUNDS SHALL BE USED FOR THE SPECIFIC PURPOSE(S) INTENDED AND NO OTHER(S). 0 0 0 0 0 0 0 0 0 FRANZ LOZANO FOUNDATION CONTROLLER (VP/CFO,CSUMA) THRU 08/24 58695 0 0 0 0 0 2573 0 5062 0 66330 0 0 0 ANGIE KRAETSCHDIRECTOR VPCFO CSU CMA)/FDTN CONTROLLER AS OF 08/24 11370 0 0 0 0 0 1525 0 701 0 13596 0 0 0 FORM 990, SCHEDULE J, PART III THE FOLLOWING INDIVIDUALS RECEIVED THE FOLLOWING TYPES OF COMPENSATION FROM CALIFORNIA STATE UNIVERSITY MARITIME ACADEMY, AN UNRELATED ORGANIZATION: FRANZ LOZANO; BASE COMPENSATION $58,695, DEFERRED COMPENSATION $2,573 AND NONTAXABLE BENEFITS $5,062 THE FOLLOWING INDIVIDUALS RECEIVED THE FOLLOWING TYPES OF COMPENSATION FROM CAL POLY SAN LUIS OBISPO, AN UNRELATED ORGANIZATION: ANGIE KRAETSCH; BASE COMPENSATION $11,370, DEFERRED COMPENSATION $1,525 AND NONTAXABLE BENEFITS $701 X 9 6642500 FMV X 1 196188 FMV X AUCTION ITEMS 1 3000 FMV X SUPPLIES 1 349 FMV 9 1 1 1 PART I, COLUMN (B): IN PART I, COLUMN (B) THE ORGANIZATION IS REPORTING THE NUMBER OF ITEMS RECEIVED PER EACH PROPERTY TYPE. PART I, LINE 30B: THE ORGANIZATION RECEIVED BY CONTRIBUTION 9 BOATS THAT MUST BE HELD FOR AT LEAST 3 YEARS FROM THE DATE OF INITIAL CONTRIBUTION BEFORE BEING SOLD. PART I, LINE 32B: THE ORGANIZATION USES THIRD PARTY BOAT BROKERS TO ACQUIRE VESSEL DONATIONS. FORM 990, BOX J WWW.MARITIME-ARCHIVE.CALPOLY.EDU/SUPPORT/FOUNDATION/INDEX.HTML FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF CAL MARITIME AND THE EXECUTIVE DIRECTOR OF THE FOUNDATION SHALL SERVE AS REGULAR DIRECTORS. ALL DIRECTORS OF THE BOARD, MAY VOTE ON BOARD ACTIONS. FORM 990, PART VI, SECTION A, LINE 7B IF AT ANY TIME THE FOUNDATION SHALL BE REMOVED FROM THE GOOD STANDING LIST OF THE CSU IN ACCORDANCE WITH TITLE 5, SECTION 42406 AND EXECUTIVE ORDER 698, THE CORPORATION SHALL BE DISSOLVED WITHOUT FURTHER VOTE BY THE BOARD. THE DISSOLUTION OF THE FOUNDATION, NET ASSETS, OTHER THAN TRUST FUNDS, WILL BE DISTRIBUTED TO A SUCCESSOR APPROVED BY THE PRESIDENT OF CAL MARITIME (OR DESIGNEE) AND THE CSU BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE BEEN GRANTED AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 15 ALL PAID PERSONS INVOLVED WITH THE CALIFORNIA MARITIME ACADEMY FOUNDATION, INC. ARE EMPLOYED BY THE STATE OF CALIFORNIA AND ARE HIRED USING THE STATE'S HIRING CRITERIA. FORM 990, PART VI, SECTION C, LINE 19 ADDITIONAL INFORMATION REGARDING THE ORGANIZATION MAY BE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G VESSEL SALES COMMISSIONS: PROGRAM SERVICE EXPENSES 919,772. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 919,772. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 676,761. MANAGEMENT AND GENERAL EXPENSES 237. FUNDRAISING EXPENSES 6,814. TOTAL EXPENSES 683,812. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.