American Maritime Officers Safety & Education Plan
- Assets
- $6.4m
- Revenue
- $22.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Dania Beach, FL
- Founding
- 02/1985
- Data as of
- 09/2023
- EIN
- 13-1952549
Organization Overview
American Maritime Officers Safety & Education Plan is located in Dania Beach, FL. The organization was established in 1985. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Maritime Officers Safety & Education Plan is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, American Maritime Officers Safety & Education Plan generated $22.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $21.9m during the year ending 09/2023. While expenses have increased by 1.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING OF MARITIME OFFICERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FOR THE DEVELOPMENT AND IMPROVEMENT OF THE SKILL AND EFFICIENCY OF LICENSED MARITIME OFFICERS AND TO INCREASE SAFETY, EFFICIENCY AND UNIFORMITY IN THE OPERATIONS OF VESSELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven F Nickerson Executive Director | Officer | 16.32 | $135,184 |
John Macuski Director Of Finance | Officer | 6 | $49,975 |
Anthony Naccarato Employer Trustee/chair | OfficerTrustee | 2 | $0 |
Paul Doell Union Trustee/secretary | OfficerTrustee | 5 | $0 |
William Barrere Union Trustee | Trustee | 1 | $0 |
Ira Douglas Employer Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harris Reny Torzewski Legal Fees | 9/29/15 | $124,800 |
Kongsberg Maritime Consulting | 9/29/15 | $474,071 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $21,935,308 |
| Investment income | $46,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $330,352 |
| Net Gain/Loss on Asset Sales | -$48,137 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,277,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $157,991 |
| Fees for services: Accounting | $137,958 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,201 |
| Fees for services: Other | $1,215,128 |
| Advertising and promotion | $189,185 |
| Office expenses | $92,651 |
| Information technology | $285,160 |
| Royalties | $0 |
| Occupancy | $5,166,782 |
| Travel | $59,079 |
| 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 | $340,948 |
| Insurance | $583,254 |
| All other expenses | $136,492 |
| Total functional expenses | $21,928,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,155,053 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,603,704 |
| 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 | $374,672 |
| Net Land, buildings, and equipment | $1,370,137 |
| Investments—publicly traded securities | $887,216 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,500 |
| Total assets | $6,396,282 |
| Accounts payable and accrued expenses | $885,233 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $546,349 |
| Total liabilities | $1,431,582 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,964,700 |
| Total liabilities and net assets/fund balances | $6,396,282 |