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Nonprofiteer
← LOS ANGELES MARITIME INSTITUTE

Form 990 for tax year 2023

Filed by LOS ANGELES MARITIME INSTITUTE.

Totals

Total revenue
$1,882,366
Total expenses
$2,416,521
Contributions and grants received
$834,439
Grants paid
$0
Program service revenue
$1,045,787
Investment income
$74
Other revenue
$2,066
Total assets, end of year
$2,589,441
Total liabilities, end of year
$819,158
Net assets or fund balances, end of year
$1,770,283
Program services expenses (Part IX)
$2,032,729
Management and general expenses
$227,691
Fundraising expenses
$156,101
Program service expenses (Part III)
$2,032,729

Program services were 84.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1e · Government grants (contributions)

    $834,439

  • 2a · Program service revenue: TopSail Youth Program

    total $1,045,787 · related or exempt $1,045,787

  • 3 · Investment income

    total $74 · related or exempt $74

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Merchandise Sales

    total $2,066 · related or exempt $2,066

  • 11e · Other revenue, total

    $2,066

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $121,191 · program services $50,000 · management and general $35,000 · fundraising $36,191

  • 6 · Compensation of disqualified persons

    total $888,368 · program services $806,346 · management and general $7,166 · fundraising $74,856

  • 9 · Other employee benefits

    total $115,131 · program services $103,385 · management and general $2,911 · fundraising $8,835

  • 10 · Payroll taxes

    total $88,634 · program services $72,295 · management and general $4,156 · fundraising $12,183

  • 11c · Fees: accounting

    total $65,637 · program services $3,256 · management and general $62,381

  • 12 · Advertising and promotion

    total $27,819 · management and general $3,783 · fundraising $24,036

  • 13 · Office expenses

    total $58,454 · program services $2,762 · management and general $55,692

  • 22 · Depreciation, depletion and amortization

    total $381,477 · program services $381,477

  • 23 · Insurance

    total $317,507 · program services $283,868 · management and general $33,639

  • 24a · Other expenses: Small Tools and Equipment

    total $38,036 · program services $38,036

  • 24b · Other expenses: Repairs And Maintenance

    total $128,742 · program services $128,742

  • 24c · Other expenses: Vessel Expenses

    total $85,620 · program services $85,620

  • 24d · Other expenses: Telephone & Untilities

    total $22,963 · management and general $22,963

  • 24e · All other expenses

    total $76,942 · program services $76,942

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $354,543 · end of year $115,615

  • 3 · Pledges and grants receivable

    beginning of year $23,467 · end of year $112,851

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,724 · end of year $80,165

  • 10a · Land, buildings and equipment: cost or other basis

    $9,603,890

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,323,080

  • 10c · Land, buildings and equipment, net

    beginning of year $2,662,287 · end of year $2,280,810

  • 11 · Investments: publicly traded securities

    beginning of year $44,441

  • 17 · Accounts payable and accrued expenses

    beginning of year $184,124 · end of year $207,888

  • 24 · Unsecured notes and loans payable

    beginning of year $150,000 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $481,900 · end of year $461,270

  • 27 · Net assets without donor restrictions

    beginning of year $2,304,438 · end of year $1,520,021

  • 28 · Net assets with donor restrictions

    end of year $250,262

Mission and programs · 2023

Mission

The Los Angeles Maritime Institute serves to empower youth to discover their greater potential through extrodinary at-sea experiences aboard educational sailing vessels built to train and equip young people with

Activities or mission (Part I)

Oceanbased youth character building leadership development and maritime vocational training

  • The Los Angeles Maritime Institute (LAMI) has provided youth and young adults with the opportuntity to directly benefit from hands-on learnin g experiences through our programs that use sail training to help them develope team building, problem-solving, decision-making, planning, self-reliance and leadership skills. The organization gives real life context to STEM subjects and raises awareness about the environmental impacts to the oceans and local waters through the TopSail Youth Progr am, TopSail STEM Program, Sea Scout Ship 1992 , summer camps, bilingua l sails, public sails and more. LAMI is proud to empower youth from under-resourced and marginalized communities thanks to the generous

    Expenses $2,032,729 · Revenue $1,045,787

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRUCE D HEYMAN

    Executive Director

    Total calculated
    $121,191
    From this org
    $121,191
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • ERIC JOHNAON

    Chairman

    Total calculated
    $0
    Hours/week
    3

  • WINTER WILSON

    Director

    Total calculated
    $0
    Hours/week
    3

  • TOM THOMAS

    Director

    Total calculated
    $0
    Hours/week
    3

  • RICHARD MCKENNA

    Vice ChairTreasurer

    Total calculated
    $0
    Hours/week
    3

  • ALICE ROBINSON

    Director

    Total calculated
    $0
    Hours/week
    3

  • CHRISTINE RYBAK

    Director

    Total calculated
    $0
    Hours/week
    3

  • ADAM DERAGISCH

    Director

    Total calculated
    $0
    Hours/week
    3

  • BYRON COUNTRYMAN

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • WEST WILSON

    Director

    Total calculated
    $0
    Hours/week
    3

  • DAVE ZELHART

    Director

    Total calculated
    $0
    Hours/week
    3

  • JOE GATLIN

    Director

    Total calculated
    $0
    Hours/week
    3

  • TIM SEIDEL

    Director

    Total calculated
    $0
    Hours/week
    3

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 October 2025
IRS schema version
2023v6.0
Source object
202502889349303145

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