Overview

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Est.

2000

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The USMMA Sailing Foundation Inc, identified by EIN 11-3561278, is dedicated to supporting the United States Merchant Marine Academy through maritime education and training, with a strong emphasis on alumni relations. With an operating budget of $17.1 million and total revenue of $13.9 million for the 2024 filing year, the organization relies on a diverse range of funding sources, with no single funder contributing 50% or more of its revenue. For more information, visit their website at www.usmmasailingfoundation.org.

Mission Statement

TO SUPPORT THE UNITED STATES MERCHANT MARINE ACADEMY & CONDUCT MARITIME EDUCATION/TRAINING
Revenues
$13.9M
Expenses
$17.3M
Net Income:
-$3.4M
Assets
$38.6M
Liabilities
$1M
Net Assets:
+$37.5M
Operating Budget
$17.1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
3
Median grant size
$10K
Largest grant received
$50K
R
Ralf Steitz
Board Member
C
Christopher J Gasiorek
Board Member
J
Jeffery G Neuberth
Board Member

Frequently Asked Questions

What is THE USMMA SAILING FOUNDATION INC’s budget?
In 2024, THE USMMA SAILING FOUNDATION INC reported an annual operating budget of around $17.1 million. More detailed financial information is available to registered users.
What causes does THE USMMA SAILING FOUNDATION INC support?
THE USMMA SAILING FOUNDATION INC supports work in Alumni relations and Education.
Where does THE USMMA SAILING FOUNDATION INC operate?
THE USMMA SAILING FOUNDATION INC is headquartered in Spring Hill, TN.
Who funded THE USMMA SAILING FOUNDATION INC recently?
In 2024, THE USMMA SAILING FOUNDATION INC received grants from THE MARTIN FAMILY FOUNDATION, THE GREATER NEW ORLEANS FOUNDATION, and The McCance Foundation. More information on this organization’s funders is available to registered users.
What is the largest grant THE USMMA SAILING FOUNDATION INC received in 2024?
The largest grant to THE USMMA SAILING FOUNDATION INC in 2024 exceeds $50 thousand.
What is THE USMMA SAILING FOUNDATION INC’s reliance on government grants?
THE USMMA SAILING FOUNDATION INC relied on government grants for less than 5% of their total revenue in 2024.