United States Merchant Marine Academy Alumni Association And Fou
USMMA Alumni Association shows strong asset growth and no officer compensation.
EIN: 116037948 · Kings Point, NY · NTEE: B84 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.0M |
| Total Expenses | $4.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $60 |
| Net Assets | $58.4M |
| Transparency Score | 90/100 |
Is United States Merchant Marine Academy Alumni Association And Fou Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United States Merchant Marine Academy Alumni Association And Fou directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United States Merchant Marine Academy Alumni Association And Fou
United States Merchant Marine Academy Alumni Association And Fou (EIN: 116037948) is a nonprofit organization based in Kings Point, NY, classified under NTEE code B84. The organization reported total revenue of $12.0M and total assets of $62.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United States Merchant Marine Academy Alumni Association And Fou's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United States Merchant Marine Academy Alumni Association And Fou is a large nonprofit that has been operating for 67 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $4.8M |
| Surplus / Deficit | +$1.7M |
| Total Assets | $58.8M |
| Total Liabilities | $381K |
| Net Assets | $58.4M |
| Operating Margin | 26.2% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 145.4 months |
Financial Health Grade: A
In 2023, United States Merchant Marine Academy Alumni Association And Fou reported a surplus of $1.7M with revenue exceeding expenses, holds 145.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), United States Merchant Marine Academy Alumni Association And Fou's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.3% | +8.7% | +8.8% |
| 2022 | -17.4% | +13.6% | -3.3% |
| 2021 | +15.7% | +1.0% | +9.5% |
| 2020 | -16.8% | -18.5% | +10.8% |
| 2019 | +54.1% | -11.5% | +16.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1959 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates United States Merchant Marine Academy Alumni Association And Fou with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, United States Merchant Marine Academy Alumni Association And Fou allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries, which is highly commendable for an organization of its size with assets exceeding $60 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for United States Merchant Marine Academy Alumni Association And Fou:
- Consistent asset growth, from $28.8M in 2014 to $58.7M in 2023.
- Zero officer compensation reported across all filings, indicating strong financial integrity.
- Healthy surplus of revenue over expenses, demonstrating financial stability (e.g., $6.5M revenue vs $4.8M expenses in 2023).
- Low liabilities relative to assets, indicating strong balance sheet health (e.g., $381K liabilities vs $58.7M assets in 2023).
Frequently Asked Questions about United States Merchant Marine Academy Alumni Association And Fou
Is United States Merchant Marine Academy Alumni Association And Fou a legitimate charity?
United States Merchant Marine Academy Alumni Association And Fou (EIN: 116037948) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.0M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does United States Merchant Marine Academy Alumni Association And Fou spend its money?
United States Merchant Marine Academy Alumni Association And Fou directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to United States Merchant Marine Academy Alumni Association And Fou tax-deductible?
United States Merchant Marine Academy Alumni Association And Fou is registered as a tax-exempt nonprofit (EIN: 116037948). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the United States Merchant Marine Academy Alumni Association And Fou CEO make?
United States Merchant Marine Academy Alumni Association And Fou's highest-compensated officer earns $60 annually. The organization reported $12.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of United States Merchant Marine Academy Alumni Association And Fou's spending goes to programs?
United States Merchant Marine Academy Alumni Association And Fou directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does United States Merchant Marine Academy Alumni Association And Fou compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), United States Merchant Marine Academy Alumni Association And Fou is above average for NTEE category B84 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is United States Merchant Marine Academy Alumni Association And Fou located?
United States Merchant Marine Academy Alumni Association And Fou is headquartered in Kings Point, New York and files with the IRS under EIN 116037948. It is classified under NTEE code B84.
How many years of IRS 990 filings does United States Merchant Marine Academy Alumni Association And Fou have?
United States Merchant Marine Academy Alumni Association And Fou has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $12.0M in total revenue.
Is United States Merchant Marine Academy Alumni Association And Fou a good charity?
Based on the provided data, the organization appears to be a very good charity. It demonstrates strong financial health with consistent asset growth (from $28.8M in 2014 to $58.7M in 2023), maintains a healthy surplus of revenue over expenses, and notably reports 0% officer compensation, indicating a high degree of financial integrity and mission focus.
How has the organization's financial health changed over the last few years?
The organization's financial health has steadily improved. Assets have nearly doubled over the last decade, from $28.8 million in 2014 to $58.7 million in 2023. Revenue has fluctuated but generally remained strong, consistently exceeding expenses, leading to healthy surpluses and asset accumulation.
What is the trend in the organization's revenue and expenses?
Revenue has shown variability, peaking at $12.08 million in 2017 and $8.36 million in 2019, while expenses have generally remained lower than revenue. For example, in 2023, revenue was $6.56 million against expenses of $4.84 million, indicating a consistent positive operating margin.
Filing History
IRS 990 filing history for United States Merchant Marine Academy Alumni Association And Fou showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United States Merchant Marine Academy Alumni Association And Fou's revenue has grown by 41.5%, moving from $4.6M to $6.6M. Total assets increased by 145% over the same period, from $24.0M to $58.8M. Total functional expenses rose by 65.1%, from $2.9M to $4.8M. In its most recent filing year (2023), United States Merchant Marine Academy Alumni Association And Fou reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $381K in liabilities against $58.8M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $58.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $4.8M | $58.8M | $381K | — | View 990 |
| 2022 | $6.7M | $4.5M | $54.0M | $427K | — | View 990 |
| 2021 | $8.1M | $3.9M | $55.8M | $601K | — | View 990 |
| 2020 | $7.0M | $3.9M | $51.0M | $626K | — | View 990 |
| 2019 | $8.4M | $4.8M | $46.0M | $478K | — | View 990 |
| 2018 | $5.4M | $5.4M | $39.3M | $171K | — | View 990 |
| 2017 | $12.1M | $7.9M | $40.9M | $253K | — | — |
| 2016 | $7.4M | $3.7M | $35.4M | $397K | — | View 990 |
| 2015 | $4.6M | $3.6M | $28.8M | $150K | — | View 990 |
| 2014 | $4.2M | $3.1M | $28.9M | $190K | — | View 990 |
| 2013 | $4.1M | $3.0M | $29.1M | $862K | — | View 990 |
| 2012 | $4.4M | $3.3M | $25.8M | $108K | — | View 990 |
| 2011 | $4.6M | $2.9M | $24.0M | $292K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $4.8M, and assets of $58.8M (revenue -1.3% year-over-year).
- 2022: Revenue of $6.7M, expenses of $4.5M, and assets of $54.0M (revenue -17.4% year-over-year).
- 2021: Revenue of $8.1M, expenses of $3.9M, and assets of $55.8M (revenue +15.7% year-over-year).
- 2020: Revenue of $7.0M, expenses of $3.9M, and assets of $51.0M (revenue -16.8% year-over-year).
- 2019: Revenue of $8.4M, expenses of $4.8M, and assets of $46.0M (revenue +54.1% year-over-year).
- 2018: Revenue of $5.4M, expenses of $5.4M, and assets of $39.3M (revenue -55.0% year-over-year).
- 2017: Revenue of $12.1M, expenses of $7.9M, and assets of $40.9M (revenue +63.6% year-over-year).
- 2016: Revenue of $7.4M, expenses of $3.7M, and assets of $35.4M (revenue +61.5% year-over-year).
- 2015: Revenue of $4.6M, expenses of $3.6M, and assets of $28.8M (revenue +9.5% year-over-year).
- 2014: Revenue of $4.2M, expenses of $3.1M, and assets of $28.9M (revenue +2.4% year-over-year).
- 2013: Revenue of $4.1M, expenses of $3.0M, and assets of $29.1M (revenue -8.3% year-over-year).
- 2012: Revenue of $4.4M, expenses of $3.3M, and assets of $25.8M (revenue -4.1% year-over-year).
- 2011: Revenue of $4.6M, expenses of $2.9M, and assets of $24.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United States Merchant Marine Academy Alumni Association And Fou:
Data Sources and Methodology
This transparency report for United States Merchant Marine Academy Alumni Association And Fou is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.