American Caribbean Maritime Foundation is located in Boca Raton, FL. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Caribbean Maritime Foundation 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, American Caribbean Maritime Foundation generated $371.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $156.3k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AMERICAN CARIBBEAN MARITIME FOUNDATION ("THE FOUNDATION") IS A NOT-FOR-PROFIT ORGANIZATION WHOSE PRIMARY PURPOSE IS ALLEVIATING POVERTY AND TRANSFORMING LIVES IN THE CARIBBEAN THROUGH MARITIME EDUCATION AND COMMUNITY DEVELOPMENT. THE FOUNDATION EXISTS TO SUPPORT THE WORK OF THE CARIBBEAN MARITIME UNIVERSITY, UNIVERSITY OF TRINIDAD AND TOBAGO, AND LJM MARITIME ACADEMY (BAHAMAS). THE FOUNDATION'S ACTIVITIES ARE FOCUSED ON RAISING FUNDS FOR SCHOLARSHIPS, EQUIPMENT, FACILITIES AND INFRASTRUCTURE, INCLUDING CLASSROOMS AND PHYSICAL AMENITIES. THE FOUNDATION SUPPORTS THE DEVELOPMENT OF THE MARITIME COMMUNITY IN WHICH THE CARIBBEAN MARITIME UNIVERSITY IS LOCATED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACMF, JUST AFTER A FEW SHORT YEARS, HAVE TRANSFORMED THE LIVES OF DOZENS OF ASPIRING CARIBBEAN SEAFARERS AND MARITIME PROFESSIONALS. IN 2021, THE ACMF QUADRUPLED THE NUMBER OF SCHOLARSHIP RECIPIENTS AND GRANTEES FROM THIRTEEN (13) IN 2018 TO SIXTY-THREE (63) IN 2021, INCLUDING HELPING TEN (10) SENIORS WHO WERE A YEAR AWAY FROM GRADUATION AND AT RISK OF DROPPING OUT DUE TO LACK OF FUNDS TO PAY THEIR TUITION. IN ADDITION, WE ALSO DONATED EIGHTEEN (18) LAPTOPS TO HELP STUDENTS STUDY REMOTELY AS UNIVERSITIES ACROSS THE CARIBBEAN WERE CLOSED DUE TO THE COVID-19 PANDEMIC. THE LACK OF COMPUTERS IN THE CARIBBEAN IS A CHRONIC PROBLEM AND MANY OF OUR STUDENTS WERE STRUGGLING TRYING TO STUDY UTILIZING MOBILE PHONES.WE HOSTED OUR SECOND ANNUAL MARITIME LINK-UP WEBINAR, ATTRACTING OVER 100 CARIBBEAN STUDENTS FROM JAMAICA, BARBADOS, BAHAMAS, ST. LUCIA, TRINIDAD, BELIZE, ST. VINCENT AND THE GRENADINES, AND ST. THOMAS IN PARTNERSHIP WITH OUR ACADEMIC PARTNER, THE UNIVERSITY OF TRINIDAD AND TOBAGO. WE AWARDED A FULL TUITION SCHOLARSHIP TO A STUDENT WHO ATTENDED THE WEBINAR AND WHO COMPETED FOR THE AWARD BY WRITING AN ESSAY ABOUT WHY HE/SHE SHOULD BE THE RECIPIENT. THE STUDENTS HEARD FROM A SENIOR MARITIME PROFESSIONAL ABOUT MARITIME CYBER SECURITY. WE BEGAN THE DEVELOPMENT OF THE FIRST JOBS BOARD EXCLUSIVELY FOR CARIBBEAN MARITIME GRADUATES TO ASSIST WITH JOB PLACEMENT AND FORGED A THIRD ACADEMIC PARTNERSHIP WITH THE UNIVERSITY OF TRINIDAD AND TOBAGO. OUR WORK WITH MAJOR SHIPPING COMPANIES SERVING THE CARIBBEAN RESULTED IN UNIQUE PARTNERSHIPS INCLUDING A POINTED EFFORT TO PREPARE AND APPOINT THE FIRST CARIBBEAN CAPTAIN OF A CRUISE SHIP, A COMMITMENT MADE BY THE PRESIDENT OF ROYAL CARIBBEAN INTERNATIONAL. WE ALSO SOLIDIFIED IMPORTANT STRATEGIC PARTNERS WITH TROPICAL SHIPPING, MSC CRUISES, NORWEGIAN CRUISE LINE, NASSAU CRUISE PORT AND ARAWAK PORT DEVELOPMENT, ALL OF WHOM COMMITTED TO SUPPORTING OUR SCHOLARSHIP AND GRANT PROGRAMS.WOMEN CONTINUE TO BE UNDER-REPRESENTED AT SENIOR LEVELS IN THE MARITIME FIELD AND WE HAVE FOCUSED ON ENSURING THAT THEY RECEIVE THE KIND OF SUPPORT THEY NEED TO GET ACCESS TO MARITIME ACADEMIC TRAINING. THIS INCLUDES LAUNCHING OUR FIRST MENTORSHIP PROGRAM HEADED BY A SENIOR WOMAN AT A MAJOR SHIPPING COMPANY, TOTE MARINE. WE CAPPED OFF 2021 WITH THE ANNUAL ANCHOR AWARDS IN NOVEMBER 2021 WHICH WAS OUR MOST SUCCESSFUL EVENT, BRINGING TOGETHER SIX MAJOR MARITIME COMPANY CEOS AND CHAIRMAN, SEVERAL VICE PRESIDENTS, AND MARITIME PROFESSIONALS FROM ACROSS THE CARIBBEAN AND UNITED STATES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Geneive Brown Metzger President, Executive Direc | OfficerTrustee | 60 | $89,027 |
Ferhn Khan Vice President | OfficerTrustee | 4 | $0 |
Elsie Rosario Treasurer | OfficerTrustee | 1 | $0 |
Emerson Allenye Secretary | OfficerTrustee | 1 | $0 |
Roland Malins-Smith Director | Trustee | 1 | $0 |
Gerrie Ubink Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $200,000 |
Related organizations | $0 |
Government grants | $16,487 |
All other contributions, gifts, grants, and similar amounts not included above | $153,220 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $369,707 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $1,536 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $371,243 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $34,011 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $89,027 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $6,729 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $7,929 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $130 |
Advertising and promotion | $0 |
Office expenses | $2,721 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $45 |
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 | $0 |
Insurance | $1,350 |
All other expenses | $618 |
Total functional expenses | $156,302 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $384,324 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $384,324 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $384,324 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $384,324 |
Over the last fiscal year, we have identified 1 grants that American Caribbean Maritime Foundation has recieved totaling $1,000.
Awarding Organization | Amount |
---|---|
Stella & Dolphi Goren Foundation Chester, NJ PURPOSE: GENERAL OPERATIONS | $1,000 |
Organization Name | Assets | Revenue |
---|---|---|
Camelot Community Care Inc Clearwater, FL | $22,153,468 | $83,026,188 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Community Partnership For Children Inc Daytona Beach, FL | $7,398,466 | $42,384,599 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Mid Florida Community Services Inc Brooksville, FL | $8,295,258 | $33,232,002 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Catholic Charities Of The Archdiocese Of Miami Inc Wilton Manors, FL | $36,927,794 | $28,326,480 |
Miccosukee Corporation Miami, FL | $15,325,636 | $27,086,119 |
Jefferson County Committee For Economic Opportunity Birmingham, AL | $11,300,936 | $24,764,139 |
Enrichment Services Program Incorporated Columbus, GA | $4,122,189 | $23,954,834 |