EIN 23-7025807

Massachusetts Maritime Academy Foundation

Name: Massachusetts Maritime Academy Foundation financials for 2024
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Buzzards Bay

State

Massachusetts

Year formed

1968

Most recent tax filings

2024-06-01

NTEE code, primary

B84: Alumni Associations

Description

The Massachusetts Maritime Academy Foundation exists to promote the general welfare, academic posture, and quality of life of the regiment of cadets by generating and managing private funds to support the mission of the Massachusetts Maritime Academy. The Foundation's missions is to enhance our graduates' preeminent leadership qualifications. To provide scholarships and contributions in support of Massachusetts Maritime Academy. To provide scholorships and contributions in support of Massachusetts Maritime Academy.

Also known as...

Ma Maritime Academy Foundation

Total revenues

$14,533,512

2024

Total expenses

$6,639,486

2024

Total assets

$71,033,076

2024

Num. employees

2024

Program areas at Massachusetts Maritime Academy Foundation

Scholorships awarded to Academy students and expenses related to receiving and accounting for donations.

Who funds Massachusetts Maritime Academy Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
American Bureau of Shipping (ABS)	2023-12	Abs 2023 Scholarships for Tuition and Books.	$60,500
North Carolina Community Foundation (NCCF)	2024-03	Public Colleges & Universities - Other Support	$50,000
The National Graduate School of Quality Management	2021-06	Entity Has Dissolved	$45,000
...and 8 more grants received

Personnel at Massachusetts Maritime Academy Foundation

Name	Title	Compensation	Date of data
Elizabeth Simmons	Vice President of Ext Affairs	$0	2025-03-04

Financials for Massachusetts Maritime Academy Foundation

Revenues	FYE 06/2024	FYE 06/2023	% Change
Total grants, contributions, etc.	$13,270,270	$11,109,346	19.5%
Program services	$0	$0	-
Investment income and dividends	$952,858	$808,382	17.9%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$293,055	$333,095	-12%
Net income from fundraising events	$17,329	$319,850	-94.6%
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$14,533,512	$12,570,673	15.6%

Form 990s for Massachusetts Maritime Academy Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2024-06	2025-03-04	990	View PDF
2023-06	2024-02-05	990	View PDF
2022-06	2023-03-10	990	View PDF
2021-06	2022-01-10	990	View PDF
2020-06	2021-04-06	990	View PDF
...and 10 more Form 990s

Organizations like Massachusetts Maritime Academy Foundation

Organization	Type	Location	Revenue
Park City Education Foundation	501(c)(3)	Park City, UT	$4,777,168
Foundation for Seminole State College of Florida	501(c)(3)	Heathrow, FL	$8,079,491
Southern Illinois University Foundation (SIUF)	501(c)(3)	Carbondale, IL	$38,360,348
Casper College Foundation	501(c)(3)	Casper, WY	$7,177,920
Western Oregon University Development Foundation	501(c)(3)	Monmouth, OR	$6,156,788
Fitchburg State University Foundation	501(c)(3)	Fitchburg, MA	$4,334,913
Danville Community College Educational Foundation	501(c)(3)	Danville, VA	$4,235,668
Lake-Sumter State College Foundation	501(c)(3)	Leesburg, FL	$4,073,247
University of North Florida Foundation	501(c)(3)	Jacksonville, FL	$20,745,600
SMCM Foundation	501(c)(3)	St Marys City, MD	$4,762,014

Data update history

April 25, 2025

Posted financials

Added Form 990 for fiscal year 2024

April 24, 2025

Updated personnel

Identified 5 new personnel

March 26, 2025

Received grants

Identified 8 new grant, including a grant for $60,500 from American Bureau of Shipping (ABS)

June 1, 2024

Posted financials

Added Form 990 for fiscal year 2023

May 21, 2024

Updated personnel

Identified 1 new personnel

Nonprofit Types

Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities

Issues

Education

Characteristics

Provides grantsFundraising eventsState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 101 Academy Dr; Buzzards Bay, MA 02532
Metro area: Barnstable Town, MA
County: Barnstable County, MA
Website URL: maritime.edu/
Phone: (508) 830-5099

IRS details

EIN: 23-7025807
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1968
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: B84: Alumni Associations
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Central organization

Blog articles

Free account sign-up

Want updates when Massachusetts Maritime Academy Foundation has new information, or want to find more organizations like Massachusetts Maritime Academy Foundation?

Create free Cause IQ account

Massachusetts Maritime Academy Foundation

Program areas at Massachusetts Maritime Academy Foundation

Who funds Massachusetts Maritime Academy Foundation

Personnel at Massachusetts Maritime Academy Foundation

Financials for Massachusetts Maritime Academy Foundation

Form 990s for Massachusetts Maritime Academy Foundation

Organizations like Massachusetts Maritime Academy Foundation

Nonprofits

Product

Customers

About