United States Coast Guard Academy Alumni Association Inc

Organization Overview

United States Coast Guard Academy Alumni Association Inc is located in New London, CT. The organization was established in 1993. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 12/2021, United States Coast Guard Academy Alumni Association Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Coast Guard Academy Alumni Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, United States Coast Guard Academy Alumni Association Inc generated $18.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $11.5m during the year ending 12/2021. While expenses have increased by 14.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S PURPOSE IS TO PROVIDE SERVICES AND PROMOTE FELLOWSHIP AMONG ITS MEMBERS. THE ORGANIZATION SHALL RAISE FUNDS TO PROVIDE "MARGIN OF EXCELLENCE" SUPPORT FOR THE CORPS OF CADETS (PRESENT DAY STUDENTS) AS COAST GUARD OFFICERS AND CIVILIAN EXMPLOYEES ARE PROHIBITED BY THE LAW FROM SEEKING FUNDS BEYOND WHAT IS APPROPRIATED BY CONGRESS. THE ASSOCIATION IS A 501(C)(3) AND ALSO SERVES TO PRESERVE TRADITIONS AND ENHANCE THE REPUTATION OF THE ACADEMY AS IT CARRIES OUT THE ABOVE FUNCTIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES DIRECT SUPPORT TO THE COAST GUARD ACADEMY FOR VARIOUS PROJECTS IN MAJOR CATEGORIES SUCH AS ACADEMIC ENRICHMENT, CADET ACTIVITIES, ATHLETICS AND CAPITAL IMPROVEMENT PROJECTS IN VARIOUS ACADEMY BUILDINGS.


OPERATING EXPENSES ALLOCATED TO VARIOUS PROJECTS IN THE CATEGORIES LISTED ABOVE WHICH PROVIDE ADMINISTRATIVE SUPPORT TO PROCESS AND DISTRIBUTE THE FUNDS NEEDED TO DO THE SAME.


HOST OF HOMECOMING WEEKEND EACH YEAR FOR CLASSES. THIS ANNUAL FRIEND- RAISING SERIES OF EVENTS SOLIDIFIES ALUMNI WITH THEIR ALMA MATER AND PROVIDES THE OPPORTUNITY TO RECONNECT WITH OTHER GRADUATES WITH WHOM THEY SERVED ON ACTIVE DUTY IN THE COAST GUARD.


PREPARE BI-MONTHLY MAGAZINE, MONTHLY E-NEWSLETTER AND ANNUAL DIRECTORY AND DISTRIBUTE SAME TO DUES PAYING MEMBERS. THESE ARE THE MEANS BY WHICH THE ASSOCIATION KEEPS ALUMNI CONNECTED TO THE INSTITUTION ON A REGULAR BASIS.


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Board, Officers & Key Employees

Name (title)Compensation
Andrea Marcille
President
$156,063
Robert Mckenna
Vp, Developm
$135,500
Susan Kenyon
Dir. Of Majo
$104,743
Vadm Manson K Brown Ret
Chair
$0
Cdr Mark K Harris Ret
Vice Chair
$0
Mr James J Smith
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Thad W Allen
Institute For Leadership Chair Pay
$141,666
Ira H Martin
Institute For Leadership Visiting Schola
$133,725
Thad W Allen
Institute For Leadership Chair Pay
$141,666
Ira H Martin
Institute For Leadership Visiting Schola
$133,725
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$562,375
Fundraising events$0
Related organizations$0
Government grants $460,171
All other contributions, gifts, grants, and similar amounts not included above$8,859,340
Noncash contributions included in lines 1a–1f $593,425
Total Revenue from Contributions, Gifts, Grants & Similar$9,881,886
Total Program Service Revenue$0
Investment income $1,202,160
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,460
Net Gain/Loss on Asset Sales $7,344,772
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $8,850
Miscellaneous Revenue$0
Total Revenue $18,444,264

Grants Awarded

Over the last fiscal year, United States Coast Guard Academy Alumni Association Inc has awarded $4,933,036 in support to 2 organizations.

Grant RecipientAmount

UNITED STATES COAST GUARD ACADEMY

PURPOSE: PROVIDES DIRECT SUPP

$4,831,783

UNITED STATES COAST GUARD

PURPOSE: PROVIDES SUPPORT

$101,253
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 12 grants that United States Coast Guard Academy Alumni Association Inc has recieved totaling $291,505.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$167,206
Douglas & Maria Devos Foundation

Grand Rapids, MI

PURPOSE: PROJECT/PROGRAM - MARITIME CENTER OF EXCELLENCE

$100,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$18,505
Verizon Foundation

Basking Ridge, NJ

PURPOSE: MIP PAYOUT FOR 05/14/21

$2,000
Shell Oil Company Foundation

Houston, TX

PURPOSE: MG

$1,900
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$1,019
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$31,978,113
Earnings$5,922,392
Admin Expense$475,015
Net Contributions$302,702
Other Expense$1,765,714
Grants$536,019
Ending Balance$35,426,459

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