Form 990 for tax year 2023
Filed by SEAFARERS HARRY LUNDEBERG SCHOOL OF SEAMANSHIP.
Totals
- Total revenue
- $22,692,622
- Total expenses
- $5,702,490
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $22,341,388
- Investment income
- $351,234
- Other revenue
- $0
- Total assets, end of year
- $60,013,701
- Total liabilities, end of year
- $338,183
- Net assets or fund balances, end of year
- $59,675,518
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: EMPLOYERS CONTRIBUTIONS
total $22,341,388 · related or exempt $22,341,388
-
3 · Investment income
total $400,685 · excluded $400,685
-
7a · Gross sales of assets other than inventory
securities $11,495,196
-
7b · Less cost or other basis and sales expenses
securities $11,544,647
-
7c · Gain or loss
securities -$49,451
-
7d · Net gain or loss
total -$49,451 · excluded -$49,451
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $39,780
-
11f · Fees: investment management
total $24,705
-
19 · Conferences, conventions and meetings
total $41,669
-
23 · Insurance
total $62,826
-
24a · Other expenses: LOSS ON SUBSIDIARY
total $3,662,997
-
24b · Other expenses: ADMINISTRATIVE CHARGE-S
total $1,265,274
-
24c · Other expenses: SHARED SERVICES
total $596,389
-
24d · Other expenses: MISCELLANEOUS
total $8,850
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,313,663 · end of year $3,303,049
-
4 · Accounts receivable
beginning of year $4,633,655 · end of year $2,015,534
-
9 · Prepaid expenses and deferred charges
beginning of year $29,582 · end of year $33,243
-
11 · Investments: publicly traded securities
beginning of year $11,873,884 · end of year $11,247,656
-
12 · Investments: other securities
beginning of year $41,062,069 · end of year $43,414,219
-
17 · Accounts payable and accrued expenses
beginning of year $111,452 · end of year $46,402
-
25 · Other liabilities
beginning of year $234,278 · end of year $291,781
-
27 · Net assets without donor restrictions
beginning of year $59,567,123 · end of year $59,675,518
Mission and programs · 2023
Mission
TO COLLECT, PRESERVE AND INVEST THE MONIES TO BE PAID TO THE ORGANIZATION AND TO PAY AND/OR PROVIDE FOR TRAINING, AND/OR UP-GRADING AND/OR RECERTIFICATION OF UNLICENSED SEAMEN AND APPRENTICES AND TO PAY FOR THE ESTABLISHMENT AND ADMINISTRATION OF SAID ORGANIZATION, ALL TO THE EXTENT AND IN THE MANNER AS DETERMINED BY THE TRUSTEES FROM TIME TO TIME.
Activities or mission (Part I)
TO PROVIDE FUNDING FOR TRAINING OF MERCHANT SEAMEN.
-
THE PRIMARY EXEMPT PURPOSE IS TO PROVIDE A VEHICLE FOR FUNDING OF TRAINING AND UPGRADING MERCHANT SEAMEN AT THE LUNDEBERG MARYLAND SEAMANSHIP SCHOOL.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Joseph BaseliceJOSEPH BASELICE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nicholas CelonaNICHOLAS CELONA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
K BancroftK BANCROFT
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lee EglandLEE EGLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Edward HanleyEDWARD HANLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ray HendersonRAY HENDERSON
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
A ChiarelloA CHIARELLO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Todd JohnsonTODD JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nicholas MarroneNICHOLAS MARRONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ed MorganED MORGAN
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Damon MoteDAMON MOTE
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anthony NaccaratoANTHONY NACCARATO
TRUSTEE, CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Augustin TellezAUGUSTIN TELLEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark VonsiegelMARK VONSIEGEL
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
George TrickerGEORGE TRICKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Patrick VandegriftPATRICK VANDEGRIFT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joe VincenzoJOE VINCENZO
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas OrzechowskiTHOMAS ORZECHOWSKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
I DouglasI DOUGLAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
S WinfieldS WINFIELD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
E YoungE YOUNG
ALTERNATE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Margaret BowenMARGARET BOWEN
ADMINISTRATOR
- Total calculated
- $0
- Hours/week
- 4 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
LUNDEBERG MARYLAND SEAMANSHIP SCHOOL INC
501(C)(3) · SCHOOL · MD · controlled entity
Directly controlled by SEAFARERS HARRY LUNDEBERG SCHOOL OF SEAMANSHIP
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
LUNDEBERG PORT O'CALL BAR INC
C · LOUNGE & RESTAURANT · MD · 100% owned · controlled entity
Directly controlled by SEAFARERS HARRY LUNDEBERG SCHOOL OF SEAMANSHIP
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443199349311894
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