Coast Guard Mutual Assistance Incorporated

Organization Overview

Coast Guard Mutual Assistance Incorporated is located in Arlington, VA. The organization was established in 2002. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Coast Guard Mutual Assistance Incorporated employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coast Guard Mutual Assistance Incorporated 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 12/2021, Coast Guard Mutual Assistance Incorporated generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $5.8m during the year ending 12/2021. While expenses have increased by 16.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE INTEREST-FREE LOANS AND GRANTS TO MEMBERS OF THE COAST GUARD FAMILY IN FINANCIAL NEED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISASTER AND EMERGENCIES - CGMA SUPPORTS WHAT IS NOT COVERED BY INSURANCE AFTER A DISASTER, EMERGENCY TRAVEL, UNEXPECTED REPAIRS TO HOMES OR VEHICLES, LOSSES (FUNDS, PROPERTY, OR IDENTITY), PAY ISSUES, BILLS AND EXPENSES, PRIVATION, AND OTHER CIRCUMSTANCES. THESE SHORT-TERM SITUATIONS ARE OFTEN OUT OF THE CONTROL OF OUR CLIENTS, POSE A SERIOUS FINANCIAL OR PERSONAL HARDSHIP, AND REQUIRE URGENT HELP. $1,990,170 IN INTEREST-FREE LOANS IS NOT ACCOUNTED FOR IN THIS LINE ITEM.


EDUCATION - CGMA FOSTERS OUR CLIENTS' LONG-TERM FINANCIAL WELL-BEING THROUGH EDUCATION, INCLUDING SUPPLEMENTAL EDUCATION GRANTS, EDUCATION LOANS, STAFFORD LOAN FEE REIMBURSEMENT, FINANCIAL COUNSELING, TUTORING, AND OTHER EFFORTS DESIGNED TO PROMOTE FINANCIAL RESILIENCE. $105,832 IN INTEREST-FREE LOANS IS NOT ACCOUNTED FOR IN THIS LINE ITEM.


FAMILY SUPPORT - CGMA PROVIDES HELP FOR UNEXPECTED MEDICAL AND DENTAL EXPENSES, HOUSING ASSISTANCE (RENTAL ASSISTANCE, CLOSING COSTS, DEPOSITS, ETC.), FUNERAL COSTS, SERVICE ANIMALS, PET EXPENSES, COSTS TO SUPPORT EXCEPTIONAL FAMILY MEMBERS (SPECIAL NEEDS), ADOPTION LOANS AND GRANTS, RESPITE CARE, LAYETTES, AND OTHER FAMILY NEEDS. $1,158,925 IN INTEREST-FREE LOANS IS NOT ACCOUNTED FOR IN THIS LINE ITEM.


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Board, Officers & Key Employees

Name (title)Compensation
Cari Thomas
Chief Executive Officer
$184,016
Sean Fennell
Chief Operations Officer
$136,204
Sara Martin
Chief Financial Officer
$130,124
Alena Howard
Chief Development Officer
$126,544
Adm Karl L Schultz
Chairman
$0
Radm Eric Jones
President
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Process Point Consulting
Enterprise Software And Security
$349,370
Gravitate
Information Technology
$208,664
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$13,142
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,389,584
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,402,726
Total Program Service Revenue$0
Investment income $743,462
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,125,585
Net Income from Fundraising Events $11,346
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,292,457

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Coast Guard Mutual Assistance Incorporated has recieved totaling $200.

Awarding OrganizationAmount
Koch Family Foundation Inc

Annapolis, MD

PURPOSE: CHARITABLE SUPPORT

$200
View Grant Recipient Profile

Endowment Analysis

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