California Maritime Academy Foundation Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas A Cropper
President. Csu Ma
$0
Franz Lozano
VP & Cfo,csu Ma
$0
Robert Arp
Ex.dir/vp Csu Ma
$0
Timothy Coombs
Secretary
$0
John Betz
Chairman
$0
Karen Smith
Treasurer
$0

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 10 grants that California Maritime Academy Foundation Inc has recieved totaling $403,642.

Awarding OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,726,358
Earnings$2,133,889
Net Contributions$1,063,122
Other Expense$408,435
Ending Balance$13,514,934

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