Civic Intelligence

Midshipmans Foundation

990 • Fiscal year 2024 • EIN 23-7100496

Jan 01, 2024 to Dec 31, 2024 • Filed on May 05, 2025

Organization Profileutnrotcalum.org
3128 Burks LaneAustin, TX 78732

(512) 415-4676

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

90th percentile

50%

Higher net margin than 90% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

62nd percentile

8.9%

Faster asset growth than 62% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

63%

Faster revenue growth than 86% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$3,223,153

Up $262,769 (+8.9%) from 2023

Net Assets

Up

$3,223,153

Up $262,769 (+8.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin90th percentile

Revenue

Up

$354,047

Up $137,346 (+63%) from 2023

Expenses

Up

$176,301

Up $37,542 (+27%) from 2023

Net Income

Up

$177,746

Up $99,804 (+128%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $2,469,397Liabilities 2020: $0Net Assets 2020: $2,469,3972020Assets 2021: $2,867,722Liabilities 2021: $0Net Assets 2021: $2,867,7222021Assets 2022: $2,640,128Liabilities 2022: $0Net Assets 2022: $2,640,1282022Assets 2023: $2,960,384Liabilities 2023: $0Net Assets 2023: $2,960,3842023Assets 2024: $3,223,153Liabilities 2024: $0Net Assets 2024: $3,223,1532024Assets 2025: $3,682,572Liabilities 2025: $0Net Assets 2025: $3,682,5722025

Highlighted filing

2024

Assets$3,223,153
Liabilities$0
Net Assets$3,223,153
Open 2024 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0Revenue 2020: $148,415Expenses 2020: $131,673Net Income 2020: $16,7422020Revenue 2021: $330,064Expenses 2021: $151,199Net Income 2021: $178,8652021Revenue 2022: $281,251Expenses 2022: $122,718Net Income 2022: $158,5332022Revenue 2023: $216,701Expenses 2023: $138,759Net Income 2023: $77,9422023Revenue 2024: $354,047Expenses 2024: $176,301Net Income 2024: $177,7462024Revenue 2025: $354,660Expenses 2025: $181,419Net Income 2025: $173,2412025

Highlighted filing

2024

Revenue$354,047
Expenses$176,301
Net Income$177,746
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 5, 2025
Return Version
2024v5.1
Gross Receipts
$354,047
Mission and Program Overview

Mission

Provide financial aid in the form of cash scholarships to Midshipmen and Officer Candidates in the Naval ROTC Unit at the University of Texas at Austin.

Provide financial aid and meritorious sword awards to Midshipmen and Officer Candidates at the NROTC Unit University of Texas at Austin

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,960,384$3,223,153▲ $262,769
Investments in Publicly Traded Securities$2,850,001$3,073,223▲ $223,222
Cash and Non-Interest-Bearing Accounts$110,383$149,930▲ $39,547
Total Assets$2,960,384$3,223,153▲ $262,769
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,960,384$3,223,153▲ $262,769
Total Net Assets Fund Balance$2,960,384$3,223,153▲ $262,769
Total Liabilities and Net Assets / Fund Balance$2,960,384$3,223,153▲ $262,769
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Gabriel R SalazarChairman
Robert L CollinsViceChairman
Rodney C KoenigPresident
Edwin W MergeleDirector
Kevin H HugmanDirector
Raymond J AdamsDirector
Robert L GartnerDirector
David M WellsSecretary
DANNY T O'NEILTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$159,231
Program Service Revenue
$0
Investment Income
$194,816
Other Revenue
$0
All Other Contributions
$159,231
Change in Net Assets
$177,746

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$50,759Fair Market Value (FMV)
Total Noncash Contributions1$50,759-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$143,487
Other Expenses$32,814
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$143,487--$143,487
Fees for Service Investment Mgmnt Fees-$23,487-$23,487
Office Expenses-$8,524-$8,524
Insurance-$803-$803
Total Functional Expenses$143,487$32,814$0$176,301
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 8B

“Board of Directors Secretary records minutes of meetings.”

Part VI Line 11B

“Electronic copies provided to all members of the board”

Part VI Line 19

“Governing documents are on file with Secretary and available upon request.”

Filing and Contact Details

Filer

Filer Name
Midshipmans Foundation
EIN
23-7100496
In Care Of
% Danny T O'Neil
Phone
5124154676
Address
3128 Burks Lane, Austin, TX 78732

Signing Officer

Name
DANNY T O'NEIL
Title
Treasurer
Phone
5124154676
Signed
2025-05-05

Organization Details

Principal Officer
Gabriel R Salazar
Formed
1970
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
5
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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/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02960384
IRS990/TotalAssetsEOYAmt03223153
IRS990/TotalAssetsGrp/BOYAmt02960384
IRS990/TotalAssetsGrp/EOYAmt03223153
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0159231
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032814
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0143487
IRS990/TotalFunctionalExpensesGrp/TotalAmt0176301
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02960384
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03223153
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0135000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0194816
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0354047
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02960384
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03223153
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011605 Pelican Bay Cove
IRS990/USAddress/CityNm0Austin
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078732
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0utnrotcalum.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DANNY T O'NEIL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05124154676
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Midshipmans Foundation
ReturnHeader/Filer/BusinessNameControlTxt0MIDS
ReturnHeader/Filer/EIN0237100496
ReturnHeader/Filer/InCareOfNm0% Danny T O'Neil
ReturnHeader/Filer/PhoneNum05124154676
ReturnHeader/Filer/USAddress/AddressLine1Txt03128 Burks Lane
ReturnHeader/Filer/USAddress/CityNm0Austin
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078732
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02025-05-05T11:58:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,223,153
Liabilities
$0
Net assets
$3,223,153
Revenue
$354,047
Expenses
$176,301
Net income
$177,746
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.68$0.00$3.68$0.35$0.18$0.17
2024Detailed filing. Detailed filing data is available for this year.$3.22$0.00$3.22$0.35$0.18$0.18
2023Detailed filing. Detailed filing data is available for this year.$2.96$0.00$2.96$0.22$0.14$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.64$0.00$2.64$0.28$0.12$0.16
2021Detailed filing. Detailed filing data is available for this year.$2.87$0.00$2.87$0.33$0.15$0.18
2020Detailed filing. Detailed filing data is available for this year.$2.47$0.00$2.47$0.15$0.13$0.02