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Nonprofit · EIN 11-6037948

UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOU

Tax-exempt · KINGS POINT, NY 11024

Financials

$6.6M$4.8M2023$6.5M$6.1M2024
Revenue Expenses · by fiscal year end
Financials of UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOU by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,491,243$6,100,651$390,592$61,962,540$513,924$61,448,616
December 31, 2023990$6,565,584$4,848,120$1,717,464$58,754,802$381,478$58,373,324
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$4,199,875
Program service revenue
$227,272
Investment income
$1,770,765
Net rental income
$51,824
Net gain from sales of assets
$515,882
Net income from fundraising events
-$11,545
Other revenue
$293,331

Expenses

Grants and similar amounts paid
$2,555,996
Compensation of officers, directors and key employees
$410,017
Other salaries and wages
$924,845
Salaries, compensation and benefits (total)
$1,573,056
Professional fundraising fees
$0
Legal fees
$30,884
Accounting fees
$73,385
Occupancy
$183,300
Travel
$68,622
Depreciation
$121,181
Program services (functional)
$3,846,564
Management and general (functional)
$1,749,229
Fundraising (functional)
$504,858

Balance sheet and other

Total assets, start of year
$58,754,802
Total assets, end of year
$61,962,540
Total liabilities, end of year
$513,924
Net assets, end of year
$61,448,616
Land, buildings and equipment
$5,604,771
Publicly traded securities
$24,097,120
Net assets without donor restrictions
$17,914,081
Net assets with donor restrictions
$43,534,535
Gross unrelated business income
$45,000
Gross receipts
$11,960,818
Employees
11
Volunteers
19
Year formed
1944
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JAMES F TOBINPRESIDENT AND CEO
Trustee or director, Officer
40$238,724$28,123
MARILYN LIVISENIOR VICE PRESIDENT
Highest-paid employee
40$137,941$16,330
JAMIE JOHNSONVP OF BUS & STRATEGIC DEV.
Highest-paid employee
40$132,482$18,884
ROSALBA RACCAGNAVICE PRESIDENT OF FINANCE
Officer
40$124,742$18,428
BRIAN F MURPHYVICE CHAIR, FINANCE
Trustee or director, Officer
2$0$0
JENNIFER F WILLIAMSVICE CHAIR, STRATEGIC PLANNING
Trustee or director, Officer
2$0$0
JOHN C BRENNANVice Chair (Alumni Affairs/Chapters)
Trustee or director, Officer
2$0$0
JOHN E CHICKERINGVice CHAIRMAN, Finance
Trustee or director, Officer
2$0$0
JOSEPH D SCHWARTZSTEINCHAIRMAN
Trustee or director, Officer
4$0$0
EARL H BURNSDIRECTOR
Trustee or director
2$0$0
Frank V LiantonioDirector
Trustee or director
2$0$0
Glenda S O'ConnorDirector
Trustee or director
2$0$0
JAMES L HAMILTONDirector
Trustee or director
4$0$0
JOHN D CAMERONDIRECTOR
Trustee or director
2$0$0
JOHN O ARNTZENDIRECTOR
Trustee or director
2$0$0
7 more people on this return
NameTitleHours / weekCompensation
JOSEPH S MARTUCCIDIRECTOR
Trustee or director
2$0
RICHARD J HALLUSKADIRECTOR
Trustee or director
2$0
SEAN K RITCHIECHAPTERS DIRECTOR
Trustee or director
2$0
STEVEN T DZITKODIRECTOR
Trustee or director
2$0
THEODORE H TEPLOWDIRECTOR
Trustee or director
2$0
THOMAS G DEVINEDIRECTOR
Trustee or director
2$0
WARREN N WRIGHTDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 23 people
NameTitleHours / weekCompensationOther / benefits
JAMES F TOBINPRESIDENT AND CEO
Trustee or director, Officer
40$233,562$27,051
MARILYN LIVISENIOR VICE PRESIDENT
Highest-paid employee
40$132,154$15,582
ROSALBA RACCAGNAVICE PRESIDENT OF FINANCE
Officer
40$119,497$18,300
JAMIE JOHNSONVP OF BUS & STRATEGIC DEV.
Highest-paid employee
40$122,688$11,415
BRIAN F MURPHYVICE CHAIR, FINANCE
Trustee or director, Officer
2$0$0
JENNIFER F WILLIAMSVICE CHAIR, STRATEGIC PLANNING
Trustee or director, Officer
2$0$0
JOHN C BRENNANVice Chair (Alumni Affairs/Chapters)
Trustee or director, Officer
2$0$0
JOHN E CHICKERINGVice CHAIRMAN(Finance)
Trustee or director, Officer
2$0$0
JOSEPH D SCHWARTZSTEINCHAIRMAN
Trustee or director, Officer
4$0$0
EARL H BURNSDIRECTOR
Trustee or director
2$0$0
Frank V LiantonioDirector
Trustee or director
2$0$0
Glenda S O'ConnorDirector
Trustee or director
2$0$0
JAMES H YOCUMDIRECTOR
Trustee or director
2$0$0
JAMES L HAMILTONDirector
Trustee or director
4$0$0
JOHN D CAMERONDIRECTOR
Trustee or director
2$0$0
JOHN O ARNTZENDIRECTOR
Trustee or director
2$0$0
JOSEPH S MARTUCCIDIRECTOR
Trustee or director
2$0$0
RICHARD J HALLUSKADIRECTOR
Trustee or director
2$0$0
SEAN K RITCHIECHAPTERS DIRECTOR
Trustee or director
2$0$0
STEVEN T DZITKODIRECTOR
Trustee or director
2$0$0
THEODORE H TEPLOWDIRECTOR
Trustee or director
2$0$0
THOMAS G DEVINEDIRECTOR
Trustee or director
2$0$0
WARREN N WRIGHTDIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
300 STEAMBOAT RD, KINGS POINT, NY 11024-1634
In care of
% JAMES F TOBIN
Principal officer (990 for 2024)
James F Tobin, 300 STEAMBOAT ROAD, KINGS POINT, NY 11024
Signed the 990
James F Tobin, President & CEO
Phone
(516) 773-5566
Return prepared by
Forvis Mazars LLP

Mission

See Schedule O

990 for the year ended December 31, 2024

Program accomplishments

  • MIDSHIPMEN AND ACADEMY ACTIVITIES - SUPPORT TO ACADEMY (USMMA) MIDSHIPMEN PROGRAMS AND ACTIVITIES ENHANCE THE EDUCATION EXPERIENCE OF 1,020 MIDSHIPMEN BY PROVIDING FINANCIAL SUPPORT TO 18 TEAMS, AND 23 CLUBS. PROMOTE ACADEMIC AND ATHLETIC EXCELLENCE BY SPONSORING 90 AWARDS AND SCHOLARSHIPS.
    Expenses $2,683,207 · grants $2,451,336
  • ALUMNI ACTIVITIES - SUPPORT TO ALUMNI SERVICES AND ALUMNI FUNDRAISING EVENTS FOR THE BENEFIT OF THE USMMA. SUPPORT ALUMNI ACTIVITIES BY SPONSORING 12 GOLF TOURNAMENTS A YEAR, HOMECOMING EVENTS, AND SPONSORING 55 ALUMNI AWARDS.
    Expenses $921,213 · grants $104,660 · revenue $97,279
  • PUBLICATIONS - SUPPORT TO COMMUNICATIONS (PUBLICATIONS AND WEBSITE) FOR ALUMNI, PARENTS, AND MIDSHIPMEN. PUBLISH THE KINGS POINTER MAGAZINE FOUR TIMES A YEAR WITH A CIRCULATION OF 15,782. PUBLISH THE SCUTTLEBUT NEWSLETTER BY E-MAIL TWICE A MONTH TO 7,975 ALUMNI.
    Expenses $227,995
  • JOB PLACEMENT SERVICES: JOB PLACEMENT - CAREER AND INTERNSHIP SERVICES TO MIDSHIPMEN, RECENT GRADUATES IN COMPLIANCE OF OBLIGATION, AND ALUMNI.
    Expenses $14,149 · revenue $27,543
  • Rental Revenue
    revenue $102,450

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
11-6037948
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1959
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B84)
Assets (IRS master file)
$61,962,540
Income (IRS master file)
$11,960,818

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,491,243$6,100,651$61,962,540IRS
990-TDecember 2024–––IRS
990December 2023$6,565,584$4,848,120$58,754,802XML
990-TDecember 2023–––IRS
990December 2022$6,652,900$4,461,666$54,000,919IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-6037948).

Questions about UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOU

What is the EIN of UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOU?
The employer identification number (EIN) of UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOU is 11-6037948.
Is UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOU tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
Are donations to UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOU tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOU file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOU due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOU last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOU?
The 990 for the year ended December 31, 2024 names James F Tobin.
Who are the officers and directors of UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOU?
The 990 for the year ended December 31, 2024 lists 22 people; 4 received compensation from the organization, the highest $238,724 (JAMES F TOBIN, PRESIDENT AND CEO).
How much revenue does UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOU have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,491,243, expenses of $6,100,651 and total assets of $61,962,540 at year end.

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