U S Naval Sea Cadet Corps
- Assets
- $5.2m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 22
- Location
- Arlington, VA
- Founding
- 06/1965
- Data as of
- 12/2022
- EIN
- 52-0808385
Organization Overview
U S Naval Sea Cadet Corps is located in Arlington, VA. The organization was established in 1965. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, U S Naval Sea Cadet Corps employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U S Naval Sea Cadet Corps 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 12/2022, U S Naval Sea Cadet Corps generated $7.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $7.7m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP MARITIME APPRECIATION AND KNOWLEDGE, EMPLOYMENT SKILLS, CIVIC RESPONSIBILITY, AND LEADERSHIP SKILLS, SEA CADETS PROVIDES A VARIETY OF HANDS-ON LEARNING EXPERIENCES IN A HIGHLY STRUCTURED ENVIRONMENT. THE DISCIPLINE CADETS LEARN PREPARES THEM FOR BOTH ADVANCED EDUCATION AND EMPLOYMENT.WE TRAIN 5,600+ YOUTH ANNUALLY AT 380 UNITS IN 47 STATES, GUAM AND PUERTO RICO. OUR DIVERSE PROGRAM INCLUDES SEAMANSHIP, SAILING, AVIATION, NAVIGATION, LAW ENFORCEMENT, SECURITY, BUILDING ROBOTS, MEDICAL, STEM, SCUBA, SUBMARINES, PHOTOGRAPHY, CULINARY, SPECIAL FORCES TRAINING, AND AN INTERNATIONAL EXCHANGE PROGRAM. OUR CADETS TRAIN ON NAVY AND COAST GUARD BASES, WEAR UNIFORMS, ADHERE TO FITNESS AND GROOMING STANDARDS, AND ARE HELD TO THE HIGHEST STANDARDS OF BEHAVIOR. OUR MILITARY CULTURE STRESSES CONCEPTS OF DUTY, SERVICE AND SELF-SACRIFICE, WHICH ARE THE FOUNDATION OF GOOD LEADERSHIP. AT YOUNG AGES, OUR CADETS ARE GIVEN LEADERSHIP OPPORTUNITIES BY STAFFING SUMMER TRAINING EVENTS, PLANNING UNIT DRILL SESSIONS, AND TEACHING OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rdml Timothy D Moon Usn Ret Chairman | OfficerTrustee | 10 | $0 |
Lynn Atkinson MD Vice Chair | OfficerTrustee | 10 | $0 |
Mr Gary R Gertz Vice President | OfficerTrustee | 1 | $0 |
Radm Jr Haley Usn Ret Vice President | OfficerTrustee | 1 | $0 |
Keith A Larson ESQ Vice President | OfficerTrustee | 5 | $0 |
Bill Stevens Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hunton Andrews Kurth Llp Legal Services | 12/30/20 | $102,160 |
Coaspire Llc Lobbying | 12/30/20 | $102,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,047 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,661,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $698,439 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,363,833 |
| Total Program Service Revenue | $1,134,682 |
| Investment income | $45,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $21,048 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $517 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $132,507 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,807,254 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,520 |
| Compensation of current officers, directors, key employees. | $62,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,385,614 |
| Pension plan accruals and contributions | $39,979 |
| Other employee benefits | $201,726 |
| Payroll taxes | $146,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,709 |
| Fees for services: Accounting | $338,348 |
| Fees for services: Lobbying | $108,483 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $125 |
| Fees for services: Other | $347,662 |
| Advertising and promotion | $4,949 |
| Office expenses | $425,782 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,770 |
| Insurance | $270,993 |
| All other expenses | $0 |
| Total functional expenses | $7,654,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,380,915 |
| Savings and temporary cash investments | $675,948 |
| Pledges and grants receivable | $111,974 |
| Accounts receivable, net | $10,576 |
| 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 | $1,061,877 |
| Net Land, buildings, and equipment | $19,635 |
| Investments—publicly traded securities | $868,748 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,788 |
| Total assets | $5,194,461 |
| Accounts payable and accrued expenses | $254,873 |
| 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 | $1,427,279 |
| Total liabilities | $1,682,152 |
| Net assets without donor restrictions | $3,233,979 |
| Net assets with donor restrictions | $278,330 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $5,194,461 |