2024-11-13T20:40:15-06:00 2023-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2023-01-01 113561278 THE USMMA SAILING FOUNDATION INC USMM 6154658201 PO BOX 1199 SPRING HILL TN 37174 LARRY A LARSEN TREASURER 6154658201 2024-11-06 1 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2023 2024-10-15 13:58:12Z WARRIOR SAILING PROGRAM LARRY A LARSEN PO BOX 1199 SPRING HILL TN 37174 21645096 0 X WWW.USMMASAILINGFOUNDATION.ORG X 2000 DE TO SUPPORT THE UNITED STATES MERCHANT MARINE ACADEMY & CONDUCT MARITIME EDUCATION/TRAINING 5 4 7 5 0 0 24736373 17105914 0 0 -3132676 -866250 1570652 1750251 23174349 17989915 439395 474432 0 0 693251 668141 0 0 153784 13369926 16736729 14502572 17879302 8671777 110613 41405905 41682319 621721 787522 40784184 40894797 TO SUPPORT THE UNITED STATES MERCHANT MARINE ACADEMY AND OTHER 501(C)(3) ORGANIZATIONS AND CONDUCT MARITIME EDUCATION AND TRAINING. 0 0 17407485 474432 RECEIVING AND ADMINISTRATING CHARITABLE GIFTS, DEVISES AND BEQUESTS OF BOATS, TOGETHER WITH ASSOCIATED EQUIPMENT AND FUNDS FOR THE MAINTENANCE OF SUCH BOATS, FROM THE PUBLIC IN SUPPORT OF THE FOUNDATION'S MISSION. 17407485 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 119 0 1 7 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NY SC X LARRY A LARSEN 6154658201 PO BOX 1199 SPRING HILL TN 37174 JEFFERY G NEUBERTH CHAIRMAN 3.00 X X 0 0 0 PAUL STRAUCH TRUSTEE 3.00 X 0 0 0 BRIAN GIORGIO TRUSTEE 3.00 X 0 0 0 CHRISTOPHER J GASIOREK TRUSTEE 3.00 X 0 0 0 RALF STEITZ PRESIDENT 40.00 X X 125000 0 25000 LARRY A LARSEN SECRETARY/TREASURER 40.00 X 140400 0 0 265400 0 25000 2 0 0 0 0 235911 16870003 10187050 17105914 27 27 30300 0 30300 30300 30300 2367654 421250 2371981 1283200 -4327 -861950 -866277 -866277 1538372 0 1538372 1538372 OTHER INCOME 900099 181579 181579 181579 17989915 0 0 884001 X 474432 474432 290400 174240 52272 63888 215058 129035 38710 47313 125784 75471 22641 27672 36899 22139 6642 8118 1015 980 35 206763 199594 7169 4461528 4306829 154699 208615 196610 11020 985 1086315 1074886 10100 1329 11988 11988 4803728 4803728 625125 621099 4026 SUPPLIES AND EXPANDABLE 3165151 3152286 8386 4479 STORAGE, HAULING & TRUC 1889014 1889014 REPAIRS & MAINTENANCE 171424 171424 OTHER OPERATING EXPENSE 106063 103730 2333 17879302 17407485 318033 153784 1523174 437964 70000 28 665861 554301 51683 27419 63767167 23104560 39095187 40662607 41405905 41682319 399457 326478 222264 461044 621721 787522 X 39168924 40413555 1615260 481242 40784184 40894797 41405905 41682319 110613 0 X 0 1 X 0 0 X 8705109 13745997 6736802 24736373 17105914 71030195 8705109 13745997 6736802 24736373 17105914 71030195 30054350 40975845 185 185766 489073 174214 30327 879565 206784 11668 13562 88006 181579 501599 72411359 0.56590 0.62930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 206,784. 2020 AMOUNT: $ 11,668. 2021 AMOUNT: $ 13,562. 2022 AMOUNT: $ 88,006. 2023 AMOUNT: $ 181,579. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1615260 8554845 9688863 481242 534230 4263742 3182712 1615260 2518076 3251693 5235539 534230 333333 2518076 333333 2518076 1460424 1127091 333333 1.00000 0 0 300000 300000 132515 132510 5 63334652 22972050 40362602 40662607 CURRENT PORTION OF LONG-TERM DEBT 9053 LONG-TERM DEBT NET OF CURRENT PORTION 204491 LINE OF CREDIT 247500 461044 18212357 222442 222442 17989915 0 17989915 18101744 222442 222442 17879302 0 17879302 PART V, LINE 4: THE FOUNDATION'S NET ASSETS WITHOUT DONOR RESTRICTIONS CONSIST OF THE FOLLOWING TWO FUNDS: OPERATING FUND REPRESENTS ASSETS AVAILABLE FOR GENERAL USE IN THE OPERATION OF THE FOUNDATION. DURING 2021 AND 2020, THERE WERE NO DONATED ASSETS THAT WERE CAPITALIZED AND CREDITED TO THE OPERATING FUND. VESSEL FUND REPRESENTS DONATED ASSETS ASSOCIATED WITH THE SALE AND MAINTENANCE OF VESSELS. DURING 2021 AND 2020 DONATED ASSETS TOTALING $2,416,000 AND $8,425,000, RESPECTIVELY, WERE CAPITALIZED AND CREDITED TO THE VESSEL FUND. 1 US MERCHANT MARINE ACADEMY 300 STEAMBOAT ROAD KINGS POINT NY 11024 GOV'T 474432 0 FMV PROPERTY PROGRAM SUPPORT 1 X 0 0 0 0 0 0 0 0 0 X 12 7654348 APPRAISED VALUE X 18 2371981 FMV X SUPPLIES 11 160721 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE TREASURER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY MUST BE SIGNED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 4,306,829. MANAGEMENT AND GENERAL EXPENSES 154,699. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,461,528. VESSEL OUTREACH FOUNDATION LLC 251 LITTLE FALLS DRIVE NEW CASTLE DE 19808 811440386 DE USMMA SAILING FOUNDATION ONE OCEAN RACING LLC 251 LITTLE FALLS DRIVE NEW CASTLE DE 19808 833156262 DE USMMA SAILING FOUNDATION