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Nonprofiteer
← CALIFORNIA MARITIME ACADEMY FOUNDATION INC

Form 990 for tax year 2023

Filed by CALIFORNIA MARITIME ACADEMY FOUNDATION INC.

Totals

Total revenue
$9,338,803
Total expenses
$8,156,801
Contributions and grants received
$4,187,801
Grants paid
$532,411
Program service revenue
$2,737,745
Investment income
$1,648,815
Other revenue
$764,442
Total assets, end of year
$35,233,040
Total liabilities, end of year
$2,705,608
Net assets or fund balances, end of year
$32,527,432
Program services expenses (Part IX)
$7,322,085
Management and general expenses
$726,964
Fundraising expenses
$107,752
Program service expenses (Part III)
$7,322,085

Program services were 89.8% 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.

  • 1c · Fundraising events

    $45,150

  • 1f · All other contributions, gifts and grants

    $4,142,651

  • 1g · Noncash contributions included above

    $3,606,381

  • 2a · Program service revenue: VESSEL LEASE REVENUE

    total $2,282,318 · unrelated business $2,282,318

  • 2b · Program service revenue: MANAGEMENT FEE

    total $455,427 · related or exempt $455,427

  • 3 · Investment income

    total $666,483 · unrelated business $32,894 · excluded $633,589

  • 7a · Gross sales of assets other than inventory

    securities $2,500,551 · other assets $2,022,342

  • 7b · Less cost or other basis and sales expenses

    securities $2,439,311 · other assets $1,101,250

  • 7c · Gain or loss

    securities $61,240 · other assets $921,092

  • 7d · Net gain or loss

    total $982,332 · unrelated business $921,092 · excluded $61,240

  • 8a · Fundraising events: gross income

    $274,815

  • 8a · Fundraising events: contributions included on line 1c

    $45,150

  • 8b · Fundraising events: direct expenses

    $143,261

  • 8c · Net income from fundraising events

    total $131,554 · excluded $131,554

  • 11a · Other revenue: OTHER OPRT REVENUE

    total $632,888 · excluded $632,888

  • 11e · Other revenue, total

    $632,888

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $532,411 · program services $532,411

  • 11b · Fees: legal

    total $15,860 · management and general $15,860

  • 11f · Fees: investment management

    total $78,426 · management and general $78,426

  • 11g · Fees: other

    total $677,019 · program services $674,037 · fundraising $2,982

  • 12 · Advertising and promotion

    total $23,099 · program services $22,991 · fundraising $108

  • 13 · Office expenses

    total $16,658 · program services $3,960 · management and general $9,628 · fundraising $3,070

  • 14 · Information technology

    total $41,483 · program services $41,483

  • 16 · Occupancy

    total $736 · fundraising $736

  • 17 · Travel

    total $109,804 · program services $104,509 · fundraising $5,295

  • 19 · Conferences, conventions and meetings

    total $5,277 · program services $5,277

  • 22 · Depreciation, depletion and amortization

    total $5,027,296 · program services $4,988,500 · management and general $38,796

  • 24a · Other expenses: OTHER EXPENSES

    total $635,458 · program services $246,204 · management and general $326,901 · fundraising $62,353

  • 24b · Other expenses: AUXILIARY SUPPORT TO CM

    total $285,611 · program services $285,611

  • 24c · Other expenses: FDN ADMIN SERVICE FEE

    total $255,990 · management and general $255,990

  • 24d · Other expenses: SUPPLIES AND EQUIPMENT

    total $249,280 · program services $216,072 · fundraising $33,208

  • 24e · All other expenses

    total $202,393 · program services $201,030 · management and general $1,363

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,835,349 · end of year $6,037,476

  • 2 · Savings and temporary cash investments

    beginning of year $6,137,912 · end of year $2,500,551

  • 3 · Pledges and grants receivable

    beginning of year $161,690 · end of year $155,506

  • 4 · Accounts receivable

    beginning of year $9,164 · end of year $8,159

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

    $16,853,823

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

    $8,174,786

  • 10c · Land, buildings and equipment, net

    beginning of year $11,677,583 · end of year $8,679,037

  • 11 · Investments: publicly traded securities

    beginning of year $10,117,328 · end of year $16,056,013

  • 12 · Investments: other securities

    beginning of year $998,201 · end of year $1,017,003

  • 15 · Other assets

    beginning of year $2,673,656 · end of year $779,295

  • 17 · Accounts payable and accrued expenses

    beginning of year $120,904 · end of year $83,971

  • 19 · Deferred revenue

    beginning of year $21,667 · end of year $63,412

  • 25 · Other liabilities

    beginning of year $5,058,928 · end of year $2,558,225

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $11,667,583 · end of year $11,983,845

  • 31 · Retained earnings, endowment or other funds

    beginning of year $18,741,801 · end of year $20,543,587

Mission and programs · 2023

Mission

WORKING WITH THE FACULTY, ALUMNI, PARENTS, DONORS, AND STUDENTS, SEEKING TO BROADEN CAL MARITIME'S COMMUNITY TO INCLUDE ALL WHO HOLD A STAKE IN ITS PAST, PRESENT, AND FUTURE. RESPONSIBILITIES INCLUDE FUNDRAISING, DONOR RELATIONS, ALUMNI AFFAIRS, LEGISLATIVEAFFAIRS, AND FUNDRAISING DATABASE MANAGEMENT.

Activities or mission (Part I)

WORKING WITH FACULTY, ALUMNI, PARENTS, DONORS, AND STUDENTS, TO BROADEN CAL MARITIME'S COMMUNITY.

  • ACTIVITIES RELATING TO RAISING MONEY FOR SCHOLARSHIPS, SUPPORTING THE ACADEMIC AND STUDENT PROGRAMS, AND BUILDING THE ENDOWMENT.

    Expenses $6,789,674 · Revenue $455,427

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $532,411 · Grants $532,411

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • MICHAEL DUMONT

    DIRECTOR (PRESIDENT, CSU CMA)

    Total calculated
    $210,734
    From this org
    $157,057
    From related orgs
    $0
    Other
    $53,677
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $157,057
    Bonus
    $0
    Other
    $0
    Deferred
    $41,133
    Nontaxable benefits
    $12,544
    Filer's total
    $210,734

  • HOLLY OSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ADAM MOILANEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ANNE MCINTYRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • LYNN KORWATCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JOHN GIFFIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DAVID FRANKEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • KIM ESTES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MARIO CORDERO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CAMERON CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MARC BAYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • KRIS ABRUDAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • BETH KIRKPATRICK

    CHAIR, AUDIT COMMITTEE

    Total calculated
    $0
    Hours/week
    4

  • GLADYS BROWN

    CHAIR, EXTERNAL RELATIONS COMMITTEE

    Total calculated
    $0
    Hours/week
    4

  • BILL ANDREW

    CHAIR, MARINE DEVELOPMENT COMMITTEE

    Total calculated
    $0
    Hours/week
    4

  • KAHLAI PRATT

    DTR (CORPS COMMANDER,CORPS OF CADETS)

    Total calculated
    $0
    Hours/week
    4

  • RYAN OKADA

    DTR (PRES. ASSOC. STUDENTS CMA)

    Total calculated
    $0
    Hours/week
    4

  • ERIN PIERSON

    DTR (PRES.CAL MARITIME ALUMNI ASSOC)

    Total calculated
    $0
    Hours/week
    4

  • KAREN SMITH

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • MICHAEL RODGERS

    VICE CHAIR,TREASURER (INTERIM)

    Total calculated
    $0
    Hours/week
    4

  • BETH HELLWIG

    VP, CSU CMA

    Total calculated
    $0
    Hours/week
    4

  • TIMOTHY COOMBS

    CHAIR, GOVERNANCE COMMITTEE

    Total calculated
    $0
    Hours/week
    4

  • JOHN BETZ

    CHAIR, EXEC. COMM

    Total calculated
    $0
    Hours/week
    4

  • CHRISTOPHER PETERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ED WASHBURN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JENNIFER RADICS JOHNSON

    DTR (SR.DIR.OF ADV.OPERATIONS,CSUMA)

    Total calculated
    $214,697
    From this org
    $150,000
    From related orgs
    $0
    Other
    $64,697
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $0
    Other
    $0
    Deferred
    $48,000
    Nontaxable benefits
    $16,697
    Filer's total
    $214,697

  • SAMARO BANNISTER

    CAPTAIN

    Total calculated
    $274,970
    From this org
    $182,300
    From related orgs
    $0
    Other
    $92,670
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $182,300
    Bonus
    $0
    Other
    $0
    Deferred
    $51,403
    Nontaxable benefits
    $41,267
    Filer's total
    $274,970

  • LORI SCHROEDER

    DIRECTOR (VP ACADEMIC AFFAIRS,CSUMA)

    Total calculated
    $352,388
    From this org
    $248,400
    From related orgs
    $0
    Other
    $103,988
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $248,400
    Bonus
    $0
    Other
    $0
    Deferred
    $46,733
    Nontaxable benefits
    $57,255
    Filer's total
    $352,388

  • FRANZ LOZANO

    FOUNDATION CONTROLLER (VP/CFO,CSUMA)

    Total calculated
    $365,414
    From this org
    $223,596
    From related orgs
    $0
    Other
    $141,818
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $223,596
    Bonus
    $0
    Other
    $0
    Deferred
    $71,551
    Nontaxable benefits
    $70,267
    Filer's total
    $365,414

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART II
THE FOLLOWING INDIVIDUALS RECEIVED THE FOLLOWING TYPES OF COMPENSATION FROM CALIFORNIA STATE UNIVERSITY MARITIME ACADEMY, AN UNRELATED ORGANIZATION: FRANZ LOZANO; BASE COMPENSATION $223,596, DEFERRED COMPENSATION $71,551 AND NONTAXABLE BENEFITS $70,267 LORI SCHROEDER; BASE COMPENSATION $248,400, DEFERRED COMPENSATION $46,733, AND NONTAXABLE BENEFITS $57,225 JENNIFER RADICS JOHNSON; BASE COMPENSATION $150,000, DEFERRED COMPENSATION $48,000, AND NONTAXABLE BENEFITS $16,697 SAMARO BANNISTER; BASE COMPENSATION $182,300, DEFERRED COMPENSATION $51,403, AND NONTAXABLE BENEFITS $41,267 MICHAEL DUMONT; BASE COMPENSATION $157,057, DEFERRED COMPENSATION $41,133, AND NONTAXABLE BENEFITS $12,544

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349309262

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