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United States Merchant Marine Academy Alumni Association And Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 116037948 ✦ Kings point, NY ✦ Designated as a 501(c)(3)

Overview

What is United States Merchant Marine Academy Alumni Association And Foundation Inc?

United States Merchant Marine Academy Alumni Association and Foundation Inc, based in Kings Point, New York, is a nonprofit organization with a mission to serve, assist, and perpetuate the United States Merchant Marine Academy, its 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. They achieve this by providing financial assistance to various teams and clubs, sponsoring awards and scholarships, and fostering the development of the academy to meet future transportation needs of the nation. The foundation also raises and distributes funds for charitable, scientific, and educational purposes, maintaining some of these funds in an endowment. The organization currently employs 13 individuals.


Official website here: www.usmmaalumni.com

Is United States Merchant Marine Academy Alumni Association And Foundation Inc legitimate?

United States Merchant Marine Academy Alumni Association And Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United States Merchant Marine Academy Alumni Association And Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $383,137
Professional Fundraising Fees: $0
Other Salaries and Wages: $868,918

For more financial information, click here


Official website here: www.usmmaalumni.com

What is the mission statement of United States Merchant Marine Academy Alumni Association And Foundation Inc?

The United States Merchant Marine Academy Alumni Association and Foundation Inc exists to support and uphold the academy, its midshipmen, faculty, staff, and alumni. Its primary mission is to aid in the education and graduation of merchant marine officers, who will serve as leaders in the commercial and defense transportation sectors of the United States. The foundation provides financial assistance for charitable, scientific, and educational purposes by raising and distributing funds, some of which are maintained in an endowment. The organization also works towards enhancing the academy's future transportation needs and boosts its prestige by disseminating information about its history, activities, methods, and objectives.


Official website here: www.usmmaalumni.com

Who is the CEO of United States Merchant Marine Academy Alumni Association And Foundation Inc?

James F Tobin is the President And Ceo of United States Merchant Marine Academy Alumni Association And Foundation Inc. The CEO's salary of United States Merchant Marine Academy Alumni Association And Foundation Inc is $225,013 and their total compensation is $254,881.


Official website here: www.usmmaalumni.com

What is the revenue of United States Merchant Marine Academy Alumni Association And Foundation Inc?

United States Merchant Marine Academy Alumni Association And Foundation Inc's revenue in 2022 was $6,652,900.


Official website here: www.usmmaalumni.com

Who are the executives of United States Merchant Marine Academy Alumni Association And Foundation Inc and what are their salaries?

The average compensation at United States Merchant Marine Academy Alumni Association And Foundation Inc during 2022 was $96,312. There are 13 employees and 18 volunteers at United States Merchant Marine Academy Alumni Association And Foundation Inc.

Here are 23 key members and their salaries (United States Merchant Marine Academy Alumni Association And Foundation Inc's CEO's salary is $225,013 and their total compensation is $254,881):

    James F Tobin (President And Ceo) [Trustee/Director]
  • Compensation: $225,013
  • Related: $0
  • Other: $29,868

    • Brian Foy (Legislative Outreach Coordinat)
  • Compensation: $112,100
  • Related: $0
  • Other: $36,479

    • Marilyn Livi (Senior Vice President)
  • Compensation: $127,105
  • Related: $0
  • Other: $15,901

    • Rosalba Raccagna (Vice President Of Finance)
  • Compensation: $110,293
  • Related: $0
  • Other: $17,963

    • Jamie Johnson (Vp Of Bus & Strategic Dev.)
  • Compensation: $101,405
  • Related: $0
  • Other: $11,631

    • James L Hamilton (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John E Chickering (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian F Murphy (Vice Chair, Finance) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph D Schwartzstein (Vice Chair, Alumni/Chapters) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer F Williams (Vice Chair, Strategic Planning) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John O Arntzen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John C Brennan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Earl H Burns (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John D Cameron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas G Devine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven T Dzitko (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard J Halluska (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph A Martucci (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Theodore H Teplow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin J Walsh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Warren N Wright (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James H Yocum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sean K Ritchie (Chapters Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.usmmaalumni.com

    Where can I find the form 990 for United States Merchant Marine Academy Alumni Association And Foundation Inc?

    The United States Merchant Marine Academy Alumni Association And Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.usmmaalumni.com

    Learn more at the official website: www.usmmaalumni.com

    Mission Statement of United States Merchant Marine Academy Alumni Association And Foundation Inc

    The United States Merchant Marine Academy Alumni Association and Foundation Inc exists with a mission to support, assist, and perpetuate the academy, its midshipmen, faculty, staff, and alumni. This nonprofit organization plays a crucial role in furthering 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. To achieve this, the foundation raises and distributes funds for charitable, scientific, and educational purposes, some of which are maintained in an endowment.

    Moreover, the United States Merchant Marine Academy Alumni Association and Foundation Inc is committed to fostering and encouraging the development of the academy to meet the future transportation needs of the United States. The organization enhances the prestige of the academy by acquiring, preserving, and disseminating information about its history, activities, methods, and objectives. By doing so, the United States Merchant Marine Academy Alumni Association and Foundation Inc contributes significantly to the advancement and recognition of the academy.

    Impact

    This information is meant to be a general summary of United States Merchant Marine Academy Alumni Association And Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The United States Merchant Marine Academy Alumni Association And Foundation Inc's impact lies in supporting the education and development of future merchant marine officers. By providing financial support to midshipmen programs and activities, enhancing the education experience of over 1,000 midshipmen, sponsoring awards and scholarships, and promoting academic and athletic excellence, the foundation contributes to the growth of leaders in the commercial and defense transportation services of the United States. Additionally, through raising and distributing funds for charitable, scientific, and educational purposes, the foundation helps meet the future transportation needs of the country while preserving and disseminating information about the academy's history and objectives.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-22,606
  • Program Service Revenue: $270,287
  • Gross Receipts: $17,954,322

    • Assets and Liabilities:
  • Total Assets: $54,000,919
  • Total Liabilities: $427,465
  • Net Assets: $53,573,454
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ALUMNI EVENTS & MERCHANDISE SALE

    Revenue

    $126,123

    JOB PLACEMENT SERVICE

    Revenue

    $48,164

    RENTAL REVENUE

    Revenue

    $96,000

    Organization Details

    Founding Year

    1944

    Principal Officer

    James F Tobin

    Main Address

    300 Steamboat Road, Kings Point, NY, 11024

    NTEE Category

    Code: B84 - Education

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