California Maritime Academy Foundation Inc
- Assets
- $17.5m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Vallejo, CA
- Founding
- 10/1972
- Data as of
- 06/2020
- 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 06/2020, California Maritime Academy Foundation Inc generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $3.8m during the year ending 06/2020. While expenses have increased by 12.3% per year over the past 6 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
2020
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, PUBLIC RELATIONS, AND FUNDRAISING DATABASE MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES RELATING TO RAISING MONEY FOR SCHOLARSHIPS, SUPPORTING THE ACADEMIC AND STUDENT PROGRAMS, AND BUILDING THE ENDOWMENT.
SCHOLARSHIPS - SCHOLARSHIP DONATIONS ARE AWARDED TO STUDENTS TO OFFSET THE COST OF ATTENDING THE ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Coombs Secretary | OfficerTrustee | 4 | $0 |
Karen Smith Treasurer | OfficerTrustee | 4 | $0 |
Thomas A Cropper President. Csu Ma | OfficerTrustee | 4 | $0 |
Robert Arp Ex.dir/vp Csu Ma | OfficerTrustee | 40 | $0 |
John Betz Chairman | OfficerTrustee | 4 | $0 |
Franz Lozano VP & Cfo,csu Ma | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,693,127 |
| Investment income | $14,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $151,890 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,962,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $438,781 |
| 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 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $1,051,017 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,813,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,255,251 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $156,800 |
| Accounts receivable, net | $8,748 |
| 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 |
| Investments—publicly traded securities | $11,260,295 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,506,406 |
| Accounts payable and accrued expenses | $4,135 |
| 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 | $276,623 |
| Total liabilities | $280,758 |
| 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 |
| Total liabilities and net assets/fund balances | $17,225,648 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that California Maritime Academy Foundation Inc has recieved totaling $403,642.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $200,000 |
American Bureau Of Shipping Spring, TX PURPOSE: ABS 2021 Scholarships for tuition and books. | $50,000 |
American Bureau Of Shipping Spring, TX PURPOSE: ABS 2021 Scholarships for tuition and books. | $40,000 |
Crankstart Foundation San Francisco, CA PURPOSE: SCHOLARSHIPS | $35,000 |
Crankstart Foundation San Francisco, CA PURPOSE: SCHOLARSHIPS | $35,000 |
Tom And Libby Edwards Family Foundation Seattle, WA PURPOSE: UNRESTRICTED | $30,000 |
Endowment Analysis
| Beg. Balance | $10,726,358 |
| Earnings | $2,133,889 |
| Net Contributions | $1,063,122 |
| Other Expense | $408,435 |
| Ending Balance | $13,514,934 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Tarzana, CA | $10,228,800 | $19,320,948 |
University Of The People Pasadena, CA | $8,426,107 | $18,756,835 |
Foundation For Hispanic Education San Jose, CA | $9,597,564 | $17,861,109 |
Providence Christian College Pasadena, CA | $1,662,159 | $9,814,467 |
San Francisco College Track Qalicb Inc Oakland, CA | $0 | $8,636,000 |
Humphreys College Stockton, CA | $28,503,602 | $8,301,244 |
Humboldt State University Foundation Arcata, CA | $57,544,376 | $13,924,277 |
California Maritime Academy Foundation Inc Vallejo, CA | $17,506,406 | $6,962,051 |
Alliance College-Ready Middle Academy #4 Los Angeles, CA | $0 | $3,113,853 |
Southern Oregon University Foundation Ashland, OR | $42,053,103 | $5,034,083 |
Cuesta College Foundation San Luis Obispo, CA | $44,331,740 | $6,237,034 |
New Hope Christian College Eugene, OR | $9,032,074 | $3,256,187 |