Form 990, Part VI, Section B, Line 11
“A copy of the form 990 is made available for review by the board of trustees.”
990 • Fiscal year 2015 • EIN 11-2099708
Scores are not available for this record yet.
Assets
Up$52,539,344
Up $11,185,950 (+27%) from 2014
Net Assets
Up$52,401,907
Up $12,022,994 (+30%) from 2014
Liabilities
Down$137,437
Down $837,044 (-86%) from 2014
Revenue
Up$28,393,480
Up $7,378,787 (+35%) from 2014
Expenses
Down$16,197,533
Down $1,078,750 (-6.2%) from 2014
Net Income
Up$12,195,947
Up $8,457,537 (+226%) from 2014
To collect, preserve and invest the monies to be paid to the organization and to pay and/or provide for training, and/or up-grading and/or recertification of unlicensed seamen and apprentices and to pay for the establishment and administration of said organization, all to the extent and in the manner as determined by the trustees from time to time.
To provide funding for training of merchant seamen.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $12,605,476 | $24,418,351 | ▲ $11,812,875 |
| Investments Other Securities | $19,209,418 | $16,709,017 | ▼ $2,500,401 |
| Investments in Publicly Traded Securities | $8,626,163 | $9,765,747 | ▲ $1,139,584 |
| Cash and Non-Interest-Bearing Accounts | $895,695 | $1,629,983 | ▲ $734,288 |
| Prepaid Expenses and Deferred Charges | $16,642 | $16,246 | ▼ $396 |
| Total Assets | $41,353,394 | $52,539,344 | ▲ $11,185,950 |
| Liabilities | |||
| Other Liabilities | $0 | $93,729 | ▲ $93,729 |
| Accounts Payable and Accrued Expenses | $974,481 | $43,708 | ▼ $930,773 |
| Total Liabilities | $974,481 | $137,437 | ▼ $837,044 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $40,378,913 | $52,401,907 | ▲ $12,022,994 |
| Total Net Assets Fund Balance | $40,378,913 | $52,401,907 | ▲ $12,022,994 |
| Total Liabilities and Net Assets / Fund Balance | $41,353,394 | $52,539,344 | ▲ $11,185,950 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Closely Held Equity Interests | $16,709,017 | - | - |
| Name | Title |
|---|---|
| A Crespo | Alternate Trustee |
| A Warren | Alternate Trustee |
| Bart Rogers | Alternate Trustee |
| C Westbrook | Alternate Trustee |
| Chester Wheeler | Alternate Trustee |
| D Mote | Alternate Trustee |
| Ed Hanley | Alternate Trustee |
| Edward Morgan | Alternate Trustee |
| Elizabeth Brown | Alternate Trustee |
| John Sullivan | Alternate Trustee |
| Mark Von Siegel | Alternate Trustee |
| A Ware | Trustee |
| Ambrose Cucinotta | Trustee |
| Anthony Naccarato | Trustee |
| Augustin Tellez | Trustee |
| J Baselice | Trustee |
| Joseph Soresi | Trustee |
| P Vandegrift | Trustee |
| Philip Fisher | Trustee |
| R Leming | Trustee |
| Robert Rogers | Trustee |
| Todd Johnson | Trustee |
| Tom Orzechowski | Trustee |
| William Cole | Trustee |
| William Pagendarm | Trustee |
| Margaret Bowen | Administrator |
| Line Item | Amount |
|---|---|
| Other Expenses | $3,960,552 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Benefits to Members | - | - | - | $12,236,981 |
| Other Expenses | - | - | - | $417,509 |
| Fees for Services Accounting | - | - | - | $40,260 |
| Conferences and Meetings | - | - | - | $32,350 |
| Insurance | - | - | - | $32,222 |
| Fees for Service Investment Mgmnt Fees | - | - | - | $18,839 |
| Office Expenses | - | - | - | $3,037 |
| Travel | - | - | - | $1,419 |
| Total Functional Expenses | $0 | $0 | $0 | $16,197,533 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Related Parties | $93,729 |
“A copy of the form 990 is made available for review by the board of trustees.”
“The organization asks all such individuals on a regular basis to disclose any potential conflicts of interest.”
“The organizations governing documents are made available upon request.”
“Parts ix and x, and schedule r have been amended to agree to the issued audited financial statements, which were issued after the orginial form 990 was filed.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE FUNDING FOR TRAINING OF MERCHANT SEAMEN. |
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| IRS990/Desc | 0 | THE PRIMARY EXEMPT PURPOSE IS TO PROVIDE A VEHICLE FOR FUNDING OF TRAINING AND UPGRADING MERCHANT SEAMEN AT THE LUNDEBERG MARYLAND SEAMANSHIP SCHOOL. |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | ALTERNATE TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | ALTERNATE TRUSTEE |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | ALTERNATE TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | ALTERNATE TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | ALTERNATE TRUSTEE |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 24 | ALTERNATE TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 25 | ADMINISTRATOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1965 |
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| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 8373948 |
| IRS990/GrossReceiptsAmt | 0 | 36704537 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 14 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/TotalAmt | 0 | 32222 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 245432 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 245432 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 19209418 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 16709017 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 8626163 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 9765747 |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | MD |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 8311057 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE SEAFARERS HARRY LUNDEBERG SCHOOL OF SEAMANSHIP, A JOINT UNION-EMPLOYER TRUST (TRUST), WAS ESTABLISHED UNDER AN AGREEMENT AND DECLARATION OF TRUST, DATED SEPTEMBER 30, 1965, BETWEEN THE EMPLOYER TRUSTEES OF VARIOUS EMPLOYERS HAVING COLLECTIVE BARGAINING AGREEMENTS WITH SEAFARERS INTERNATIONAL UNION OF NORTH AMERICA - ATLANTIC, GULF, LAKES AND INLAND WATERS (UNION), AND THAT UNION'S TRUSTEES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 40378913 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 52401907 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 62891 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 62891 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -172953 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 3037 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | LOSS ON SUBSIDIARY |
| IRS990/OtherExpensesGrp/Desc | 1 | ADMINISTRATIVE CHARGE-S |
| IRS990/OtherExpensesGrp/Desc | 2 | SHARED SERVICES |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 2500401 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 914515 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 417509 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 93729 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 16642 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 16246 |
| IRS990/PrincipalOfficerNm | 0 | AMBROSE CUCINOTTA |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | EMPLOYERS CONTRIBUTIONS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 28085157 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 28085157 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 14315475 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 316821 |
| IRS990/PYOtherExpensesAmt | 0 | 2960808 |
| IRS990/PYOtherRevenueAmt | 0 | 1500 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 20696372 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 3738410 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 17276283 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 21014693 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 12195947 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 1 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt | 0 | 16709017 |
| IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 93729 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO RELATED PARTIES |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 16709017 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 93729 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A COPY OF THE FORM 990 IS MADE AVAILABLE FOR REVIEW BY THE BOARD OF TRUSTEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION ASKS ALL SUCH INDIVIDUALS ON A REGULAR BASIS TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATIONS GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | PARTS IX AND X, AND SCHEDULE R HAVE BEEN AMENDED TO AGREE TO THE ISSUED AUDITED FINANCIAL STATEMENTS, WHICH WERE ISSUED AFTER THE ORGINIAL FORM 990 WAS FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | ITEM B |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 0 | 1 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | SEAFARERS HARRY LUNDEBERG SCHOOL OF SEAMANSHIP |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN | 0 | 520888325 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt | 0 | C |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd | 0 | MD |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct | 0 | 1.00000 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt | 0 | LOUNGE & RESTAURANT |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt | 0 | LUNDEBERG PORT O'CALL BAR INC |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt | 0 | 61350 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt | 0 | -49524 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt | 0 | 5201 AUTH WAY |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm | 0 | CAMP SPRINGS |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd | 0 | 20746 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 1 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | SEAFARERS HARRY LUNDEBERG SCHOOL OF SEAMANSHIP |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | LUNDEBERG MARYLAND SEAMANSHIP SCHOOL INC |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 112206183 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(C)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | MD |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | SCHOOL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | LINE 2 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 5201 AUTH WAY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | CAMP SPRINGS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 20746 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 0 |
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Displayed year
2015 • Form 990Detailed filing. Detailed filing data is available for this year.
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