2024-11-15T06:51:09-06:00 2023-12-31 750786316 WEAVER AND TIDWELL LLP ONE PENNSYLVANIA PLAZA SUITE 3200 NEW YORK NY 10119 990 2023-01-01 201596237 FORT SCHUYLER MARITIME ALUMNI ASSOCIATION INC FORT 7183198801 6 PENNYFIELD AVENUE BRONX NY 10465 SAM REILLY TREASURER 7183198801 2024-11-14 1 1 MICHAEL FRIEDMAN P01066375 2126955003 2023 2024-10-15 13:58:12Z MARITIME COLLEGE ALUMNI ASSOCIATION SAM REILLY 6 PENNYFIELD AVENUE BRONX NY 10465 1467875 0 X WWW.MARITIMECOLLEGEAA.ORG X 2004 DE TO PROMOTE NAUTICAL EDUCATION AND TRAINING FOSTERING THE INTERESTS OF THE MARITIME COLLEGE OF NEW YORK AND THE ACADEMIC AND PROFESSIONAL DEVELOPMENT OF SUNY MARITIME COLLEGE ALUMNI, FACULTY AND STUDENTS. 31 31 2 38 0 0 677931 300567 0 0 887247 370394 -23018 137014 1542160 807975 515149 510700 0 0 107835 18155 0 0 36302 185004 262708 807988 791563 734172 16412 10925618 12448417 98844 145801 10826774 12302616 TO PROMOTE NAUTICAL EDUCATION AND TRAINING FOSTERING THE INTERESTS OF THE MARITIME COLLEGE OF NEW YORK AND THE ACADEMIC AND PROFESSIONAL DEVELOPMENT OF SUNY MARITIME COLLEGE ALUMNI, FACULTY AND STUDENTS. 0 0 579308 510700 IN PURSING ITS MISSION, THE ORGANIZATION HAS ENCOURAGED NAUTICAL EDUCATION, PROVIDED OPPORTUNITIES FOR ALUMNI TO PROVIDE FINANCIAL AND OTHER ASSISTANCE TO CADETS BY AWARDING SCHOLARSHIPS, GRANTS-IN-AID OR LOANS AND BY PARTICIPATING IN PROGRAMS DESIGNED TO HEIGHTEN AND ENRICH THE PHYSCIAL, MENTAL AND MORAL LIFE OF CADETS. COMMEMORATE THE ALUMNI, FACULTY AND STUDENTS WHO HAVE RENDERED DISTINGUISHED EDUCATIONAL, PATRIOTIC OR OTHER PUBLIC SERVICE. FOSTER ORGANIZATION AND SUPERVISION OF CHAPTERS AND LEND FINANCIAL AND MORAL SUPPORT TO THE MARITIME COLLEGE. 579308 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 2 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 0 0 0 0 0 NJ NY X THE ORGANIZATION 7183198801 6 PENNYFIELD AVENUE BRONX NY 10465 STEPHEN J CARBERY PRESIDENT 5.00 X X 0 0 0 GREGORY TUTHILL VICE PRESIDENT 5.00 X X 0 0 0 LEONARD IMPERIAL 2ND VICE PRESIDENT 5.00 X X 0 0 0 SAMUAL REILLY TREASURER 10.00 X X 0 0 0 TYLER RESZOLY SECRETARY 5.00 X X 0 0 0 TIMOTHY IRELAND ASSISTANT TREASURER 5.00 X X 0 0 0 VICTOR CORSO DIRECTOR 1.00 X 0 0 0 SETH LUCAS DIRECTOR 1.00 X 0 0 0 TED MASON DIRECTOR 1.00 X 0 0 0 BRIDGET COONEY DIRECTOR 1.00 X 0 0 0 VINOD MELWANI DIRECTOR 1.00 X 0 0 0 RICHARD MCCLAIN DIRECTOR 1.00 X 0 0 0 PETER BERMONT DIRECTOR 1.00 X 0 0 0 MICHAEL PATURAS DIRECTOR 1.00 X 0 0 0 MIKE TROTTA DIRECTOR 1.00 X 0 0 0 KEVIN DANKO PAST PRESIDENT 1.00 X 0 0 0 JENNIFER BARNES-HAYES PAST PRESIDENT 1.00 X 0 0 0 JOHN VALVO PAST PRESIDENT 1.00 X 0 0 0 MARIANNE MICHAELSEN-SANDERSON CHAPTER PRESIDENT 1.00 X 0 0 0 JAMIE MCNAMARA CHAPTER PRESIDENT 1.00 X 0 0 0 ART SULZER CHAPTER PRESIDENT 1.00 X 0 0 0 ED HULICK CHAPTER PRESIDENT 1.00 X 0 0 0 MICHAEL FLOOD CHAPTER PRESIDENT 1.00 X 0 0 0 ZHEN SHAO CHAPTER PRESIDENT 1.00 X 0 0 0 JIM YAHNER CHAPTER PRESIDENT 1.00 X 0 0 0 ROBERT ROSE CHAPTER PRESIDENT 1.00 X 0 0 0 MATT ARNOLD CHAPTER PRESIDENT 1.00 X 0 0 0 DOUG BUELL CHAPTER PRESIDENT 1.00 X 0 0 0 DENNIS BRENNAN CHAPTER PRESIDENT 1.00 X 0 0 0 DR MICHAEL ALFULTIS SUNY REPRESENTATIVE 1.00 X 0 0 0 DOUG HASBROUCK SUNY REPRESENTATIVE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 30500 108000 162067 300567 258749 258749 597663 486018 111645 111645 111645 300066 108000 173882 126184 126184 OTHER REVENUE 900099 10830 10830 10830 807975 0 0 507408 X 510700 510700 15965 7983 3991 3991 1443 721 361 361 747 373 187 187 51500 51500 66480 66480 106751 49496 32507 24748 5879 2939 1470 1470 1018 510 254 254 8943 4471 2236 2236 3034 1518 758 758 1195 597 299 299 MISCELLANEOUS EXPENSES 15910 15910 PROMOTIONAL MERCHANDISE 1998 1998 791563 579308 175953 36302 93735 198067 446879 122037 21901 49790 23308 30467 11322 11322 0 0 10339795 12048056 10925618 12448417 32514 46821 66330 98980 98844 145801 X 774583 893772 10052191 11408844 10826774 12302616 10925618 12448417 16412 1451030 8400 0 X 0 1 X 1 0 X 372166 346682 412953 677931 404651 2214383 372166 346682 412953 677931 404651 2214383 697783 1516600 154677 125264 120139 146512 258749 805341 996 6800 10245 7826 10830 36697 3056421 0.49620 0.44830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: NETWORKING EVENTS - 2019 AMOUNT: $ 996. 2020 AMOUNT: $ 6,800. 2021 AMOUNT: $ 10,245. 2022 AMOUNT: $ 7,826. 2023 AMOUNT: $ 10,830. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9603076 410893 1636784 423026 11227727 11956298 191609 -2130123 414708 9603076 10852828 73336 1405682 375548 11956298 9852336 93750 1867277 67168 11746195 7845674 167191 1933171 93700 9852336 0.59944 0.40056 0 0 11322 11322 0 0 X 2200925 1451030 8400 1459430 741495 66480 66480 807975 725083 0 725083 66480 66480 791563 PART X, LINE 2: THE ASSOCIATION FOLLOWS THE GUIDANCE OF ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, ACCOUNTING FOR INCOME TAXES (ASC 740), RELATED TO UNCERTAINTIES IN INCOME TAXES, WHICH PRESCRIBES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THERE ARE NO SUCH UNCERTAIN TAX POSITIONS FOR THE ASSOCIATION FOR THE YEAR ENDED DECEMBER 31, 2023. THE ASSOCIATION'S DEPARTMENT OF THE TREASURY AND NEW YORK STATE INFORMATION RETURNS ARE SUBJECT TO EXAMINATION, GENERALLY FOR THREE YEARS AFTER THE FILING DATE. PART V, LINE 4: - ALL ENDOWMENT INCOME IS SET-ASIDE FOR CHARITABLE PURPOSES PER DONOR INSTRUCTION - ALL CURRENT YEAR DONATIONS DESIGNED FOR ENDOWMENT OR SPECIFIC CHARITABLE PURPOSES ARE MONITORED. - A PORTION OF CURRENT OPERATING INCOME IS EXPENDED ON EVENTS THAT ARE CHARTIABLE IN NATURE, E.G NEW MEMBER (FIRST CLASS) NIGHT DINNER. AWARDS DINNER 156875 40000 116875 41625 21325 GOLF OUTINGS 247089 68000 179089 4475 4889 73300 26758 1 4102 4102 1510 408066 108000 300066 4475 4889 73300 41625 49593 173882 126184 1 SCHOLARSHIPS 104 510700 PART I, LINE 2 THE ASSOCIATION REVIEWS ALL GRANTEES ON A CASE BY CASE BASIS TO DETERMINE ELIGIBILITY. FORM 990, PART VI, SECTION A, LINE 1A ACADEMIC & PROFESSIONAL DEVELOPMENT OF SUNY MARITIME COLLEGE ALUMNI & STUDENTS FORM 990, PART VI, SECTION A, LINE 4 THE ASSOCIATION MADE CHANGES TO THE BY-LAWS IN 2023. FORM 990, PART VI, SECTION A, LINE 6 FORT SCHUYLER MARITIME ALUMNI ASSOCIATION, INC. HAS THREE CLASSES OF MEMBERSHIP: MEMBERS, ASSOCIATE MEMBERS, AND HONORARY MEMBERS. ASSOCIATE MEMBERS AND HONORARY MEMBERS HAVE ALL THE PRIVILEGES OF MEMBERSHIP EXCEPT THE RIGHT TO VOTE OR HOLD OFFICE. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ORGANIZATION ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED BY A MAJORITY VOTE OF THE MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES THE FORM 990. THE DRAFT FORM 990 IS PROVIDED TO AND REVIEWED BY THE AUDIT COMMITTEE AND THE TREASURER. AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO THE FORM BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS SIGNED ANNUALLY BY THE BOARD MEMBERS AT THE ANNUAL ELECTION IN JANUARY. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,759. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,759. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 396. MANAGEMENT AND GENERAL EXPENSES 198. FUNDRAISING EXPENSES 198. TOTAL EXPENSES 792. CONTRACT HELP: PROGRAM SERVICE EXPENSES 49,100. MANAGEMENT AND GENERAL EXPENSES 24,550. FUNDRAISING EXPENSES 24,550. TOTAL EXPENSES 98,200.