NonprofitsMa Maritime Academy Foundation Inc

Education

Ma Maritime Academy Foundation Inc

BUZZARDS BAY, MA

Total revenue

$14.5M

Total expenses

$6.6M

Net assets

$70.7M

Grants received

$1.3M

43 grants

EIN

237025807

Tax year

2023

Mission

The massachusetts maritime academy foundation exists to promote the general welfare,academic posture, and quality of life of the regiment of cadets (schedule o)

Financials

FY 2023

Revenue

Contributions & grants$13.3M
Program service revenue
Investment income$1.2M
Other revenue$17K
Total revenue$14.5M

Expenses

Grants paid$6.4M
Salaries & benefits
Fundraising
Other expenses$287K
Total expenses$6.6M
Total assets$71.0M
Net assets$70.7M

People

27 listed

NameRoleCompensation

ELIZABETH SIMMONS

VP OF EXTERNAL AFFAIRS

Board

1 hrs/wk

brendan po'connor

chair

Board

1 hrs/wk

william L walker

vice chair

Board

1 hrs/wk

david ssmith

treasurer

Board

1 hrs/wk

james r sanislow

secretary

Board

1 hrs/wk

capt martin econroy

board member

Board

1 hrs/wk

walter j czernyjr

board member

Board

1 hrs/wk

robert delhome

board member

Board

1 hrs/wk

william dicroce

board member

Board

1 hrs/wk

CAPT brian fournier

board member

Board

1 hrs/wk

john gallagher

board member

Board

1 hrs/wk

Timothy Griffin

board member

Board

1 hrs/wk

penelope hare

board member

Board

1 hrs/wk

dennis houston

board member

Board

1 hrs/wk

william kelley jr

board member

Board

1 hrs/wk

gerhard kurz

board member

Board

1 hrs/wk

peter lawrence

board member

Board

1 hrs/wk

richard lyall

board member

Board

1 hrs/wk

alan mckim

board member

Board

1 hrs/wk

DAVID MIK

BOARD MEMBER

Board

1 hrs/wk

louis ricciardi

board member

Board

1 hrs/wk

Bruce Rosenblatt

board member

Board

1 hrs/wk

paul saccone

board member

Board

1 hrs/wk

MICHAEL TUSIANI

BOARD MEMBER

Board

1 hrs/wk

geoffrey wilkinson

board member

Board

1 hrs/wk

jonathan DPoor

board member

Board

1 hrs/wk

jeffrey fhamel

board member

Board

1 hrs/wk

Grants received

Showing 43 of 43

FromAmountPurposeYear
$60K
ABS 2024 Scholarships for tuition and books.
2024
$40K
Contribution provided
2024
$25K
GENERAL SUPPORT
2024
$20K
PHASE II OF MAINTENANCE AND RESTORATION OF MANNED MODEL FLEET
2024
$15K
AWARD FOR EXCELLENCE IN CARGO
2024
$3K
SENIOR CADET PROJECT
2024
$61K
ABS 2023 Scholarships for tuition and books.
2023
$53K
For grant recipient's exempt purposes
2023
$50K
PUBLIC COLLEGES & UNIVERSITIES - OTHER SUPPORT
2023
$42K
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2023
$20K
REPLACE WIRING, UPGRADE CONTROLS, UPGRADE VHF RADIOS AND ANTENNAS, INSTALL NEW GPS IN MODELS
2023
$15K
AWARD FOR EXCELLENCE IN CARGO
2023
$2K
OTHER CIVIC / COMMUNITY
2023
$60K
ABS 2022 Scholarships for tuition and books.
2022
$50K
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2022
$20K
FIREFIGHTER GEAR TRAILER AND SUBSEQUENT BUILDOUT OF INTERIOR
2022
$15K
ANNUAL SCHOLARSHIP
2022
$10K
BANKFIVE IS PLEASED TO BE ABLE TO LEVERAGE THIS GIFT OF SUPPORT FROM THE BANKFIVE FUND TOWARDS THE MATCHING FUNDS FROM THE COMMONWEALTH PLACES PROGRAM PROVIDED BY MASSDEVELOPMENT.
2022
$2K
MIP PAYOUT FOR 04/01/2022
2022
$75
MIP PAYOUT FOR 05/04/2022
2022
$15K
ANNUAL SCHOLARSHIP
2021
$1K
GENERAL SUPPORT
2021
$50K
ABS 2020 Scholarships for tuition and books.
2020
$45K
ENTITY HAS DISSOLVED
2020
$36K
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2020
$20K
PURCHASE OF NEW TURN-OUT GEAR FOR CADET TRAINING
2020
$15K
AWARD FOR EXCELLENCE IN CARGO
2020
$1K
GENERAL SUPPORT
2020
$660
GENERAL PURPOSE
2020
$6K
For grant recipient's exempt purposes
2019
$100K
TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE
2018
$8K
For grant recipient's exempt purposes
2018

Funded by

$1.3M from 21 funders · 43 grants · 2017–2024

National Philanthropic Trust

$360K · 3 grants · 2021–2023

American Bureau of Shipping

$231K · 4 grants · 2020–2024

Bny Mellon Charitable Gift Fund

$228K · 4 grants · 2018–2023

Boston Marine Society

$80K · 4 grants · 2020–2024

National Cargo Bureau Inc

$75K · 5 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$66K · 3 grants · 2018–2023

American Online Giving Foundation Inc

$46K · 3 grants · 2020–2024

Details

EIN237025807
NTEE codeB42I
Subsection03
Ruling date1969-06
Formed1968
Employees0
Volunteers135
MA MARITIME ACADEMY FOUNDATION INC — Mission, Financials & Grants Received | Grantivo