Young Mariners Foundation Inc
- Assets
- $855.5k
- Revenue
- $423.5k
- Investments
- $567.4k
- Employees
- 24
- Location
- Stamford, CT
- Founding
- Data as of
- 08/2015
- EIN
- 06-1427077
Organization Overview
Young Mariners Foundation Inc is located in Stamford, CT. As of 08/2015, Young Mariners Foundation Inc employed 24 individuals. Young Mariners Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
THE YMF OFFERS STEM-BASED AFTER-SCHOOL ENRICHMENT PROGRAMS AND SUMMER SAILING CAMPS TO UNDERSERVED AND AT-RISK CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLUE WATER BOUND IS AN EXPERIENTIAL, HANDS-ON EDUCATION AND SUMMER SAILING CAMP DESIGNED TO POSITIVELY INFLUENCE SOCIAL AND LEARNING SKILLS, ESPECIALLY FOR CHILDREN WHO ARE AT-RISK AND/OR FROM ECONOMICALLY DEPRIVED HOUSEHOLDS IN THE STAMFORD AREA.
GREENWICH YOUNG MARINERS IS AN EXPERIENTIAL, HANDS-ON LEARNING PROGRAM, IN SAIL BOATS ON THE WATER, DESIGNED TO POSITIVELY INFLUENCE SOCIAL AND LEARNING SKILLS, ESPECIALLY FOR CHILDREN FROM ECONOMICALLY DEPRIVED HOUSEHOLDS IN THE GREENWICH AREA.
YOUNG MARINERS AFTERSCHOOL ENRICHMENT PROGRAM IS A STEM-BASED EXPERIENTIAL EDUCATION INTERVENTION THAT TEACHES SWIMMING, FIRST AID AND BASIC WATERFRONT SKILLS TO UNDER-SERVED AND AT-RISK CHILDREN IN THE STAMFORD AND GREENWICH AREA.
THE FALL SAILING PROGRAM IS OFFERED TO BLUE WATER BOUND STUDENTS WHO WISH TO EXTEND THEIR SAILING EXPERIENCE AND SKILLS. IT IS OFFERED ON DESIGNATED WEEKENDS FOR A FEE IN SEPTEMBER/OCTOBER AND STAFFED BY THE BLUE WATER BOUND INSTRUCTORS AND INTERNS. NORMALLY ABOUT 20 PARTICIPANTS REGISTER FOR THIS PROGRAM WHICH TAKES PLACE IN THE BOCCUZZI PARK AT SOUTHFIELD LOCATION. THE YOUNG MARINERS FOUNDATION ADDED KAYAK AND PADDLEBOARD PROGRAMS IN 2012 TO ITS ROSTER OF PROGRAM SERVICES. THIS PROGRAM OFFERS THE COMMUNITY ACCESS TO THE LIMITED WATERFRONT RESOURCES IN THE STAMFORD AREA. THE KAYAK AND PADDLEBOARD PROGRAM IS OFFERED DURING THE SUMMER MONTHS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn Shapiro Executive Director | Officer | 32 | $75,000 |
Skip Raymond Secretary | Officer | 20 | $0 |
Jack Brewer Treasurer | Officer | 1 | $0 |
Thomas O'connell Chairman | Officer | 1 | $0 |
Fred Lorthioir Assistant Treasurer | Officer | 20 | $0 |
Maureen Bailie Director | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,679 |
| Investment income | $25,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$375 |
| Net Income from Fundraising Events | $113,082 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $423,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $715 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $46,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,757 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,522 |
| Payroll taxes | $15,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,700 |
| Fees for services: Other | $16,544 |
| Advertising and promotion | $0 |
| Office expenses | $17,941 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,964 |
| Insurance | $18,462 |
| All other expenses | $0 |
| Total functional expenses | $352,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,015 |
| Savings and temporary cash investments | $42,712 |
| Pledges and grants receivable | $2,525 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,949 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $567,379 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,806 |
| Total assets | $855,466 |
| Accounts payable and accrued expenses | $32,897 |
| Grants payable | $0 |
| Deferred revenue | $2,250 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,738 |
| Total liabilities | $60,885 |
| Net assets without donor restrictions | $284,581 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $510,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $794,581 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Young Mariners Foundation Inc has recieved totaling -$5,000.
| Awarding Organization | Amount |
|---|---|
The@pitney Bowes Employee Involvement Fund Inc Stamford, CT PURPOSE: SAILING SCHOOL. AMOUNT ADJUSTED | -$5,000 |
Endowment Analysis
| Beg. Balance | $608,275 |
| Earnings | $2,592 |
| Admin Expense | $2,700 |
| Ending Balance | $608,167 |
Peer Organizations
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|---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Philadelphia Post-Acute Partnersllc Philadelphia, PA | $76,499,158 | $101,068,675 |
Urs Federal Support Services Inc Veba Trust Welfare Benefits Plan Boston, MA | $7,183,166 | $100,020,557 |
Connecticut Foodshare Inc Wallingford, CT | $64,587,641 | $98,816,890 |