U S Naval Sea Cadet Corps
- Assets
- $7.0m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 24
- Location
- Arlington, VA
- Founding
- 06/1965
- Data as of
- 12/2021
- 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 12/2021, U S Naval Sea Cadet Corps employed 24 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 12/2021, U S Naval Sea Cadet Corps generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $7.2m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AN INTEREST AND SKILL IN SEAMANSHIP AND PROVIDE INSTRUCTION IN LEADERSHIP, COURAGE AND COMMITMENT, THE USNSCC TRAINING PROGRAM ACQUAINTS CADETS WITH CPR AND FIRST AID, SWIMMING, LIFESAVING AND WATER SAFETY, HEALTH AND HYGIENE IN A DRUG-FREE, GANG-FREE ENVIRONMENT THROUGH LECTURES AND HANDS-ON PRACTICE.THE STANDARDIZED TRAINING PROGRAM PROVIDES APPROXIMATELY 8,300 TRAINING OPPORTUNITIES AT NAVY OR COAST GUARD BASES, SHIPS AND AIRCRAFT SQUADRONS. CADETS HAVE A DIVERSE SELECTION OF ADVANCED TRAINING INCLUDING AVIATION, SHIP PROPULSION SYSTEMS, SUBMARINE SYSTEMS, MEDICAL/HOSPITAL/SURGICAL, LEGAL/JAG CORPS, HOMELAND SECURITY, NAVY SEAL, BASIC MARINE MAMMAL SCIENCES, SAILING, SCUBA DIVING, AMPHIBIOUS OPERATIONS, MATH, ENGINEERING AND MUCH MORE.THE PROGRAM EMPHASIZES LEADERSHIP SKILLS, WHILE CADETS ARE EXPOSED TO A VARIETY OF CIVILIAN AND MILITARY CAREER OPPORTUNITIES AND ENCOURAGED TO PARTICIPATE IN CIVIC ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hull Deputy Director (until 6/2021) | Officer | 40 | $144,911 |
Andrew Lennon Executive Director (from 5/2021) | OfficerTrustee | 40 | $131,000 |
Katherine Rizzo Director Of Finance (until 10/2021) | Officer | 40 | $91,194 |
Richard Quest Asst. Deputy Director (until 6/2021) | Officer | 40 | $80,580 |
Robin Graf Moon Intrm. Executive Dir. (until 5/2021) | Officer | 40 | $60,000 |
Lynn Atkinson Vice Chairman | 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 | $5,296 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $448,296 |
| Government grants | $6,121,585 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,639,461 |
| Total Program Service Revenue | $1,402,540 |
| Investment income | $42,979 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $21,390 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $260 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $130,492 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,234,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $36,220 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $578,232 |
| Compensation of current officers, directors, key employees. | $270,706 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,400,361 |
| Pension plan accruals and contributions | $43,772 |
| Other employee benefits | $31,123 |
| Payroll taxes | $135,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,350 |
| Fees for services: Accounting | $154,850 |
| Fees for services: Lobbying | $102,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $362,489 |
| Advertising and promotion | $650 |
| Office expenses | $306,374 |
| Information technology | $4,505 |
| Royalties | $0 |
| Occupancy | $1,071 |
| Travel | $104,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $237,283 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,205 |
| Insurance | $224,011 |
| All other expenses | $261,758 |
| Total functional expenses | $7,186,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,424,872 |
| Savings and temporary cash investments | $671,030 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $614,635 |
| 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 | $263,365 |
| Net Land, buildings, and equipment | $42,084 |
| Investments—publicly traded securities | $969,941 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,985,927 |
| Accounts payable and accrued expenses | $220,311 |
| Grants payable | $0 |
| Deferred revenue | $76,924 |
| 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 | $368,718 |
| Other liabilities | $2,818,521 |
| Total liabilities | $3,484,474 |
| Net assets without donor restrictions | $3,411,743 |
| Net assets with donor restrictions | $89,710 |
| 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 | $6,985,927 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that U S Naval Sea Cadet Corps has recieved totaling $49,899.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $27,997 |
Atkinson Family Foundation La Jolla, CA PURPOSE: GENERAL | $15,000 |
Give Back Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $5,296 |
Gerald & Elizabeth Geiger Charitable Foundation Inc Somerville, NJ PURPOSE: GENERAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $481 |
Lumen Clarke M Williams Foundation Wilmington, DE PURPOSE: GENERAL SUPPORT | $125 |
Endowment Analysis
| Beg. Balance | $2,544,179 |
| Earnings | -$158,017 |
| Admin Expense | $1,428 |
| Net Contributions | $16,500 |
| Grants | $46,500 |
| Ending Balance | $2,354,734 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Air Force Aid Society Inc Arlington, VA | $262,482,165 | $46,086,376 |
American Legion Bowling Green, KY | $1,050,755 | $11,898,405 |
The National Military Family Association Alexandria, VA | $8,448,648 | $9,411,080 |
Vietnam Veterans Of America Inc Silver Spring, MD | $22,711,920 | $10,930,074 |
United Service Organizations Inc Fort Myer, VA | $0 | $2,240,114 |
The Independence Fund Inc Charlotte, NC | $7,812,789 | $8,567,110 |
Marine Corps Association Quantico, VA | $17,818,262 | $7,455,788 |
Armed Services Mutual Benefit Association Goodlettsville, TN | $55,566,131 | $7,665,042 |
U S Naval Sea Cadet Corps Arlington, VA | $6,985,927 | $8,234,482 |
Women In Military Service For America Memorial Foundation Inc Arlington, VA | $11,722,569 | $5,876,595 |
Caring For Military Families The Elizabeth Dole Foundation Washington, DC | $8,548,001 | $7,173,277 |
Young Marines Of The Marine Corps League Dumfries, VA | $6,204,129 | $6,595,765 |