COMMON MAPS
Map version new-york activity top-down
Main site Contact
Menu
↑ parent activity group ·
research dossier

SUNY MARITIME FOUNDATION INC
BRONX, NY · EIN 473560167 · Form 990 · FY2024 · NTEE B11 · Education · Medium ($1M-$10M)
revenue
$4.2M
expenses
$2.6M
net assets
$18.5M
employees
0
program ratio
87%
mission · from form 990

TO RAISE AND MANAGE PRIVATE FINANCIAL SUPPORT FOR SUNY MARITIME COLLEGE.

profile · synthesized from sources

SUNY Maritime Foundation Inc. raises and manages private financial support for SUNY Maritime College, a public institution in the Bronx, NY. The foundation supports educational and training programs, primarily through fundraising initiatives like its boat donation program and by supporting student athletics and waterfront training resources.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $14K
    BOAT DONATION PROGRAM:SUNY MARITIME COLLEGE OPERATES A BOAT DONATION PROGRAM TO RAISE ADDITIONAL RESOURCES TO SUPPORT THE WATERFRONT'S PROGRAMS AND TO PROVIDE ADDITIONAL INVENTORY FOR STUDENTS TO USE FOR TRAINING AND OTHER RECREATIONAL PURPOSES. THE ASSETS CURRENTLY OVERSEEN INCLUDE: POWER BOATS, SAILING VESSELS, AND TRAILERS. IN ADDITION TO BEING A REVENUE GENERATING PROGRAM FOR THE COLLEGE/FOUNDATION, THE BOAT DONATION EXPANDS CONNECTIONS FOR THE COLLEGE AMONG THE SAILING COMMUNITY.
  2. #2 $0
    ATHLETICS PROGRAM:THE OFFICE OF ATHLETICS OFFERS A WIDE ARRAY OF SPORT ACTIVITIES, FITNESS PROGRAMS, AND RECREATIONAL FACILITIES FOR THE ENTIRE CAMPUS COMMUNITY. VARSITY ATHLETICS INCLUDES 13 NCAA DIVISION III TEAMS, MEN'S ROWING, AND CO-ED SAILING TEAMS. CLUB SPORTS INCLUDE ICE HOCKEY, RIFLE, AND RUGBY. INTRAMURAL SPORTS ARE OFFERED THROUGHOUT THE YEAR, WITH OFFERINGS BASED ON STUDENT ENGAGEMENT. THE DEPARTMENT OF PHYSICAL EDUCATION OFFERS CLASSES IN SWIMMING, YOGA, MARTIAL ARTS, AND POWERBOAT HANDING,AMONG OTHERS.
named programs · 2 · from sources

What they call their work

Athletics Program
Supports NCAA Division III teams, club sports, intramural activities, and physical education classes including swimming, yoga, martial arts, and powerboat handling for the campus community.
Boat Donation Program
Raises resources by accepting donated boats, trailers, and vessels to support waterfront programs and provide training assets for students at SUNY Maritime College.
activities · 2 groups

What they do

  • Community Festival & Event Production 1 activity
    • Operating a boat donation program to support waterfront training and recreational activities
      Operates a boat donation program that acquires power boats, sailing vessels, and trailers to raise resources for waterfront programs and provide training and recreational vessels for students. Generated $627,816 in revenue from this program in 2024, with prior expenses of $76,929 reported in 2022.
  • Interscholastic and Inclusive School Sports Programs 1 activity
    • Providing athletic and recreational programs for students
      Provides comprehensive athletic and recreational programs for the campus community, including 13 NCAA Division III teams, men's rowing, co-ed sailing, club sports, intramural sports, and physical education classes in swimming, yoga, martial arts, and powerboat handling. Spent $157,000 on athletics programs in 2022, supported by $148,500 in grants.
financials · form 990 · fy2024
revenue
Total revenue$4.21M
Contributions & grants$3.59M85%
Program service revenue$00%
Investment income$635K15%
Other revenue$-9K
expenses
Total expenses$2.56M
Program expenses87%
Admin / overhead9%
Fundraising3%
Salaries & benefits$0
Grants paid out$1.91M
Largest expense lineFacilities
balance sheet
Total assets$18.58M
Cash$4.91M
Investments$12.42M
Liabilities$50K
Net assets$18.53M
Liquid reserves81.2 mo
6 years on record · 2019–2024 · YoY revenue +50.5%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
DOUGLAS HASBROUCK Executive Dir. 20 $134K
board members · 12
  • AJ MCALLISTER — Director
  • BRUCE ROSENBLATT — Director
  • CAPT ROBERT JOHNSTON — Director
  • GREGORY SMITH — Director
  • IOANNIS JOHN KROUSOULOUDIS — Director
  • JOHN BREE — Chairman
  • JOHN OKON — President
  • MICHAEL CHALOS — VICE CHAIR
  • ROXANNE THOMPSON — Treasurer
  • STEPHEN J CARBERY — Director
  • WILLIAM AUSTEN — Director
  • WILLIAM GALLO — Director
relationships · 1

Who they work with

  • SUNY Maritime College Partner — Primary beneficiary and operational partner; the foundation raises and manages private financial support for the college and collaborates on programs such as athletics and boat donations.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Community-Engaged Revenue Generation
    methodology: community_engagement_through_donation_programs
    By operating a boat donation program, the foundation generates revenue and strengthens ties with the sailing community, because aligning donor assets and interests with institutional needs fosters sustained engagement and financial support.
  • Private Fundraising for Institutional Advancement
    methodology: private_fundraising
    By securing private financial contributions, the foundation advances the mission and programs of SUNY Maritime College, because dedicated philanthropic support enables resource expansion and programmatic stability beyond public funding.