Los Angeles Maritime Institute

Organization Overview

Los Angeles Maritime Institute is located in San Pedro, CA. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Los Angeles Maritime Institute employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Maritime Institute 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 06/2022, Los Angeles Maritime Institute generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OCEANBASED YOUTH CHARACTER BUILDING LEADERSHIP DEVELOPMENT AND MARITIME VOCATIONAL TRAINING

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LOS ANGELES MARITIME INSTITUTE (LAMI) HAS PROVIDED YOUTH AND YOUNG ADULTS WITH THE OPPORTUNITY TO DIRECTLY BENEFIT FROM HANDS-ON LEARNING EXPERIENCES THROUGH OUR PROGRAMS THAT USE SAIL TRAINING TO HELP THEM DEVELOPE TEAM BUILDING, PROBLEM-SOLVING, DECISION-MAKING, PLANNING, SELF-RELIANCE AND LEADERSHIP SKILLS. THE ORGANIZATION GIVES REAL LIFE CONTEXT TO STEM SUBJECTS AND RAISES AWARENESS ABOUT THE ENVIRONMENTAL IMPACTS TO OCEANS AND LOCAL WATERS THROUGH THE TOPSAIL YOUTH PROGRAM, TOPSAIL STEM PROGRAM, SEA SCOUT SHIP 1992, SUMMER CAMP, BILINGUAL SAILS, PUBLIC SAILS AND MORE. LAMI IS PROUD TO EMPOWER YOUTH FROM UNDER-RESOURCED AND MARGINALIZED COMMUNITIES THANKS TO THE GENEROUS SUPPORT OF THE COMMUNITY, AND THE ORGANIZATION CONTINUES TO RELY ON


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Board, Officers & Key Employees

Name (title)Compensation
Bruce D Heyman
Executive Director
$84,926
Eric Johnaon
Chairman
$0
Winter Wilson
Director
$0
Tom Thomas
Director
$0
Richard Mckenna
President Treasurer
$0
Alice Robinson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$571,086
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$571,086
Total Program Service Revenue$678,621
Investment income $116
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,259,448

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