California Maritime Academy Foundation Inc is located in Vallejo, CA. The organization was established in 1972. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Maritime Academy Foundation 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 06/2020, California Maritime Academy Foundation Inc generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $3.8m during the year ending 06/2020. While expenses have increased by 12.3% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
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, PUBLIC RELATIONS, AND FUNDRAISING DATABASE MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES RELATING TO RAISING MONEY FOR SCHOLARSHIPS, SUPPORTING THE ACADEMIC AND STUDENT PROGRAMS, AND BUILDING THE ENDOWMENT.
SCHOLARSHIPS - SCHOLARSHIP DONATIONS ARE AWARDED TO STUDENTS TO OFFSET THE COST OF ATTENDING THE ACADEMY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas A Cropper President. Csu Ma | OfficerTrustee | 4 | $0 |
Franz Lozano VP & Cfo,csu Ma | OfficerTrustee | 4 | $0 |
Robert Arp Ex.dir/vp Csu Ma | OfficerTrustee | 40 | $0 |
Timothy Coombs Secretary | OfficerTrustee | 4 | $0 |
John Betz Chairman | OfficerTrustee | 4 | $0 |
Karen Smith Treasurer | OfficerTrustee | 4 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $5,693,127 |
Investment income | $14,237 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $151,890 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,962,051 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $438,781 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,051,017 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $3,813,851 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,255,251 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $156,800 |
Accounts receivable, net | $8,748 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Investments—publicly traded securities | $11,260,295 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $17,506,406 |
Accounts payable and accrued expenses | $4,135 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $276,623 |
Total liabilities | $280,758 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $17,225,648 |
Over the last fiscal year, we have identified 10 grants that California Maritime Academy Foundation Inc has recieved totaling $403,642.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $200,000 |
American Bureau Of Shipping Spring, TX PURPOSE: ABS 2021 Scholarships for tuition and books. | $50,000 |
American Bureau Of Shipping Spring, TX PURPOSE: ABS 2021 Scholarships for tuition and books. | $40,000 |
Crankstart Foundation San Francisco, CA PURPOSE: SCHOLARSHIPS | $35,000 |
Crankstart Foundation San Francisco, CA PURPOSE: SCHOLARSHIPS | $35,000 |
Tom And Libby Edwards Family Foundation Seattle, WA PURPOSE: UNRESTRICTED | $30,000 |
Beg. Balance | $10,726,358 |
Earnings | $2,133,889 |
Net Contributions | $1,063,122 |
Other Expense | $408,435 |
Ending Balance | $13,514,934 |
Organization Name | Assets | Revenue |
---|---|---|
Columbia College Tarzana, CA | $10,228,800 | $19,320,948 |
University Of The People Pasadena, CA | $8,426,107 | $18,756,835 |
Foundation For Hispanic Education San Jose, CA | $9,597,564 | $17,861,109 |
Providence Christian College Pasadena, CA | $1,662,159 | $9,814,467 |
San Francisco College Track Qalicb Inc Oakland, CA | $0 | $8,636,000 |
Humphreys College Stockton, CA | $28,503,602 | $8,301,244 |
Humboldt State University Foundation Arcata, CA | $57,544,376 | $13,924,277 |
California Maritime Academy Foundation Inc Vallejo, CA | $17,506,406 | $6,962,051 |
Alliance College-Ready Middle Academy #4 Los Angeles, CA | $0 | $3,113,853 |
Southern Oregon University Foundation Ashland, OR | $42,053,103 | $5,034,083 |
Cuesta College Foundation San Luis Obispo, CA | $44,331,740 | $6,237,034 |
New Hope Christian College Eugene, OR | $9,032,074 | $3,256,187 |