Totals
- Total revenue
- $630,699
- Total expenses
- $904,538
- Contributions and grants received
- $22,485
- Grants paid
- $184,000
- Program service revenue
- $9,730
- Investment income
- $598,484
- Other revenue
- $0
- Total assets, end of year
- $24,409,964
- Total liabilities, end of year
- $218,084
- Net assets or fund balances, end of year
- $24,191,880
- Program services expenses (Part IX)
- $457,119
- Management and general expenses
- $447,419
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $457,119
Program services were 50.5% 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.
-
1b · Membership dues
$1,345
-
1f · All other contributions, gifts and grants
$21,140
-
2a · Program service revenue: PROGRAM ACTIVITY FEES
total $9,730 · related or exempt $9,730
-
3 · Investment income
total $594,815 · excluded $594,815
-
7a · Gross sales of assets other than inventory
securities $5,694,128
-
7b · Less cost or other basis and sales expenses
securities $5,690,459
-
7c · Gain or loss
securities $3,669
-
7d · Net gain or loss
total $3,669 · excluded $3,669
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $102,500 · program services $102,500
-
2 · Grants to domestic individuals
total $81,500 · program services $81,500
-
7 · Other salaries and wages
total $115,705 · program services $57,852 · management and general $57,853
-
9 · Other employee benefits
total $4,588 · program services $2,294 · management and general $2,294
-
10 · Payroll taxes
total $8,390 · program services $4,195 · management and general $4,195
-
11b · Fees: legal
total $1,925 · management and general $1,925
-
11c · Fees: accounting
total $21,462 · management and general $21,462
-
11f · Fees: investment management
total $139,363 · management and general $139,363
-
13 · Office expenses
total $20,492 · program services $10,246 · management and general $10,246
-
16 · Occupancy
total $155,613 · program services $77,806 · management and general $77,807
-
17 · Travel
total $9,937 · management and general $9,937
-
19 · Conferences, conventions and meetings
total $112,660 · program services $112,660
-
22 · Depreciation, depletion and amortization
total $2,954 · program services $1,477 · management and general $1,477
-
23 · Insurance
total $50,864 · management and general $50,864
-
24a · Other expenses: MISCELLANEOUS
total $40,688 · program services $0 · management and general $40,688
-
24b · Other expenses: GIFTS
total $29,052 · program services $0 · management and general $29,052
-
24c · Other expenses: TELEPHONE
total $3,865 · program services $3,865 · management and general $0
-
24d · Other expenses: POSTAGE
total $2,724 · program services $2,724 · management and general $0
-
24e · All other expenses
total $256 · management and general $256
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,563 · end of year $22,653
-
2 · Savings and temporary cash investments
beginning of year $135,452 · end of year $64,185
-
9 · Prepaid expenses and deferred charges
beginning of year $39,294 · end of year $38,115
-
10a · Land, buildings and equipment: cost or other basis
$51,392
-
10b · Land, buildings and equipment: accumulated depreciation
$43,025
-
10c · Land, buildings and equipment, net
beginning of year $11,320 · end of year $8,367
-
11 · Investments: publicly traded securities
beginning of year $20,398,565 · end of year $22,224,617
-
12 · Investments: other securities
beginning of year $1,058,648 · end of year $1,093,525
-
15 · Other assets
beginning of year $1,072,791 · end of year $958,502
-
17 · Accounts payable and accrued expenses
beginning of year $12,368 · end of year $11,997
-
25 · Other liabilities
beginning of year $337,564 · end of year $206,087
-
27 · Net assets without donor restrictions
beginning of year $21,747,415 · end of year $23,555,594
-
28 · Net assets with donor restrictions
beginning of year $636,286 · end of year $636,286
Mission and programs · 2023
Mission
PROMOTE KNOWLEDGE OF THE COAST, RELIEVE MEMBERS AND FAMILIES OF POVERTY, AND FINANCIALLY ASSIST IN THE EDUCATION AND TRAINING OF MARITIME ACADEMY STUDENTS.
Activities or mission (Part I)
PROMOTE KNOWLEDGE OF THE COAST, RELIEVE MEMBERS & FAMILIES OF POVERTY & FINANCIALLY ASSIST IN THE EDUCATION & TRAINING OF MARITIME ACADEMY STUDENTS.
-
SCHOLARSHIPS AND MEMORIAL FUNDS GRANTED TO MARITIME ACADEMIES AND OTHERS ASSOCIATED WITH THE EDUCATION AND PRESERVATION OF THE COAST.
Expenses $172,500 · Grants $172,500
-
FINANCIAL AID AND ASSISTANCE TO MEMBERS & FAMILIES IN POVERTY.
Expenses $11,500 · Grants $11,500
-
OTHER EXPENSES TO MAINTAIN HISTORICAL ASSETS HELD BY THE SOCIETY THAT ARE USED TO EDUCATE THE PUBLIC ABOUT THE COAST.
Expenses $65,818
-
CONFERENCES AND MEETINGS TO PROVIDE A FORUM FOR THE DISCUSSION OF THE COAST AND TO PROMOTE PUBLIC AWARENESS OF THE COAST.
Expenses $207,301 · Revenue $9,730
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Captain Peter J LawrenceCAPTAIN PETER J LAWRENCE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Captain Stefan J PalmerCAPTAIN STEFAN J PALMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Captain Bruce F PorterCAPTAIN BRUCE F PORTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Captain Andrew TriandafilouCAPTAIN ANDREW TRIANDAFILOU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Captain Michael R Burns JrCAPTAIN MICHAEL R BURNS JR
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Captain Robert A KolofskyCAPTAIN ROBERT A KOLOFSKY
TRUSTEE EMERITUS
- Total calculated
- $0
- Hours/week
- 2
-
Captain Jay C BurgessCAPTAIN JAY C BURGESS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Captain Charles G GiffordCAPTAIN CHARLES G GIFFORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Captain Jeffrey J HavlicekCAPTAIN JEFFREY J HAVLICEK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Captain A Ross PopeCAPTAIN A ROSS POPE
TRUSTEE EMERITUS
- Total calculated
- $0
- Hours/week
- 2
-
Captain Carl A PotteyCAPTAIN CARL A POTTEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Captain David L HagnerCAPTAIN DAVID L HAGNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Captain John N HealeyCAPTAIN JOHN N HEALEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Captain Richard R CunioCAPTAIN RICHARD R CUNIO
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Captain Martin E Conroy JrCAPTAIN MARTIN E CONROY JR
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Captain John F MulderigCAPTAIN JOHN F MULDERIG
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Martha R Bagley EsqMARTHA R BAGLEY ESQ
ASSISTANT SECRETARY/TREASU
- Total calculated
- $0
- Hours/week
- 2
-
Lisa V WalshLISA V WALSH
EXECUTIVE DIRECTOR
- Total calculated
- $138,165
- From this org
- $138,165
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
-
MASSACHUSETTS MARITIME ACADEMY
$20,000
REPLACE WIRING, UPGRADE CONTROLS, UPGRADE VHF RADIOS AND ANTENNAS, INSTALL NEW GPS IN MODELS
-
$20,000
UPGRADE OF ECS AND RADAR UNITS OF T/V SUSAN CLARK
-
$10,000
UP-KEEP OF EL FARO SALUTE SITE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443199349315309
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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