California Maritime Academy Foundation Inc
- Assets
- $42.4m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Vallejo, CA
- Founding
- 10/1972
- Data as of
- 06/2022
- EIN
- 23-7213404
Organization Overview
California Maritime Academy Foundation Inc is located in Vallejo, CA. The organization was established in 1972. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. California Maritime Academy 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.
For the year ending 06/2022, California Maritime Academy Foundation Inc generated $17.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $7.5m during the year ending 06/2022. While expenses have increased by 21.7% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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, LEGISLATIVE AFFAIRS, AND FUNDRAISING DATABASE MANAGEMENT.
Describe the Organization's Program Activity:
ACTIVITIES RELATING TO RAISING MONEY FOR SCHOLARSHIPS, SUPPORTING THE ACADEMIC AND STUDENT PROGRAMS, AND BUILDING THE ENDOWMENT.
SCHOLARSHIPS - SCHOLARSHIP DONATIONS ARE PROVIDED TO THE UNIVERSITY AND AWARDED TO STUDENTS TO OFFSET THE COST OF ATTENDING THE ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Cropper President, Csu Cma | Trustee | 4 | $0 |
Lori Schroeder Provost/vp, Csu Ma | Trustee | 4 | $0 |
Franz Lozano VP & Cfo,csu Ma | Trustee | 4 | $0 |
Kathleen Mcmahon Vp,csu Ma | Trustee | 4 | $0 |
Sam Pecota Professor, Csu Ma | Trustee | 4 | $0 |
Assis Malaquias Faculty, Csu Ma | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Civil Seas Llc Marine Brokerage | 6/29/22 | $423,587 |
Marine Group Boat Works Llc Marine Services | 6/29/22 | $373,014 |
Crows Nest Marine Inc Marine Services | 6/29/22 | $127,500 |
Lockton Companies Insurance Services | 6/29/22 | $101,093 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $217,560 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,433,482 |
| Noncash contributions included in lines 1a–1f | $8,570,712 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,651,042 |
| Total Program Service Revenue | $6,609,059 |
| Investment income | $341,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$226,247 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,456,743 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $559,164 |
| 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 | $2,402 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,365 |
| Fees for services: Other | $1,674,046 |
| Advertising and promotion | $6,967 |
| Office expenses | $56,835 |
| Information technology | $26,307 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $43,908 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,968 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,862,546 |
| Insurance | $96,250 |
| All other expenses | $80,000 |
| Total functional expenses | $7,533,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,364,696 |
| Savings and temporary cash investments | $5,854,085 |
| Pledges and grants receivable | $287,553 |
| Accounts receivable, net | $538,904 |
| 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 | $0 |
| Net Land, buildings, and equipment | $15,789,129 |
| Investments—publicly traded securities | $10,158,312 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,398,053 |
| Total assets | $42,390,732 |
| Accounts payable and accrued expenses | $117,306 |
| Grants payable | $0 |
| Deferred revenue | $25,977 |
| 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 | $6,809,200 |
| Total liabilities | $6,952,483 |
| Net assets without donor restrictions | $22,059,359 |
| Net assets with donor restrictions | $13,378,890 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $42,390,732 |