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Nonprofit · EIN 23-7100496

MIDSHIPMANS FOUNDATION

Tax-exempt · AUSTIN, TX 78732

Financials

$354K$176K2024$355K$181K2025
Revenue Expenses · by fiscal year end
Financials of MIDSHIPMANS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$354,660$181,419$173,241$3,682,572$0$3,682,572
December 31, 2024990$354,047$176,301$177,746$3,223,153$0$3,223,153
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$149,587
Program service revenue
$0
Investment income
$205,073
Other revenue
$0

Expenses

Grants and similar amounts paid
$148,262
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$148,262
Management and general (functional)
$33,157

Balance sheet and other

Total assets, start of year
$3,223,153
Total assets, end of year
$3,682,572
Total liabilities, end of year
$0
Net assets, end of year
$3,682,572
Publicly traded securities
$3,547,395
Net assets without donor restrictions
$3,682,572
Gross receipts
$354,660
Employees
0
Volunteers
4
Year formed
1970
State of legal domicile
TX

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
GABRIEL R SALAZARChairman
Trustee or director, Officer
12$0
ROBERT L COLLINSViceChairman
Trustee or director, Officer
6$0
DAVID M WELLSSecretary
Trustee or director, Officer
8$0
DANNY T O'NEILTreasurer
Trustee or director, Officer
12$0
ROBERT L GARTNERDirector
Trustee or director
6$0
EDWIN W MERGELEDirector
Trustee or director
6$0
KEVIN H HUGMANDirector
Trustee or director
6$0
RAYMOND J ADAMSDirector
Trustee or director
6$0
BRUCE B BYRONDirector
Trustee or director
6$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
GABRIEL R SALAZARChairman
Trustee or director, Officer
10$0
RODNEY C KOENIGPresident
Trustee or director, Officer
10$0
ROBERT L COLLINSViceChairman
Trustee or director, Officer
10$0
DAVID M WELLSSecretary
Trustee or director, Officer
15$0
DANNY T O'NEILTreasurer
Trustee or director, Officer
15$0
ROBERT L GARTNERDirector
Trustee or director
5$0
EDWIN W MERGELEDirector
Trustee or director
5$0
KEVIN H HUGMANDirector
Trustee or director
5$0
RAYMOND J ADAMSDirector
Trustee or director
5$0

Address and contacts

Address (IRS master file)
3128 BURKS LN, AUSTIN, TX 78732-2117
In care of
% DANNY T ONEIL
Principal officer (990 for 2025)
Gabriel R Salazar, 11605 Pelican Bay Cove, Austin, TX 78732
Signed the 990
DANNY T O'NEIL, Treasurer
Phone
(512) 415-4676

Mission

Provide financial aid in the form of cash scholarships to Midshipmen and Officer Candidates in the Naval ROTC Unit at the University of Texas at Austin.

990 for the year ended December 31, 2025

Program accomplishments

  • Cash scholarships awarded
    Expenses $115,000 · grants $115,000
  • Training and leadership education support
    Expenses $12,000 · grants $12,000
  • Freshman Education Awards
    Expenses $12,000 · grants $12,000

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7100496
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,682,572
Income (IRS master file)
$354,660

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025–––IRS
990December 2024–––IRS
990December 2023$216,701$138,759$2,960,384IRS
990December 2022$281,251$122,718$2,640,128IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about MIDSHIPMANS FOUNDATION

What is the EIN of MIDSHIPMANS FOUNDATION?
The employer identification number (EIN) of MIDSHIPMANS FOUNDATION is 23-7100496.
Is MIDSHIPMANS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
Are donations to MIDSHIPMANS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MIDSHIPMANS FOUNDATION 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 MIDSHIPMANS FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MIDSHIPMANS FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of MIDSHIPMANS FOUNDATION?
The 990 for the year ended December 31, 2025 names Gabriel R Salazar.
Who are the officers and directors of MIDSHIPMANS FOUNDATION?
The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does MIDSHIPMANS FOUNDATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $354,660, expenses of $181,419 and total assets of $3,682,572 at year end.

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