Overview
What is Lundeberg Maryland Seamanship School Inc?
Lundeberg Maryland Seamanship School Inc is a nonprofit organization dedicated to educating and advancing merchant seamen. Based on the provided information, the school primarily serves as a training ground for seafarers, helping them upgrade their skills and seniority status through instruction, examinations, and orientation. Additionally, the institution offers specialized training to apprentice seamen and unlicensed workers, enabling them to advance in their respective fields and secure higher ratings. Overall, Lundeberg Maryland Seamanship School Inc plays a crucial role in equipping seamen with the necessary knowledge and skills for a successful career at sea.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94% (Four-Star out of Four Star rating)
Lundeberg Maryland Seamanship School Inc has achieved an impressive 94% score on Charity Navigator, reflecting strong accountability and financial health. The organization’s rating is entirely based on its performance in this area, showcasing effective governance and a commitment to transparency. The high score is indicative of a well-managed nonprofit with no material diversion of assets and comprehensive policies in place.
The organization boasts a fully independent board of directors, which enhances its credibility and decision-making processes. Financially, it demonstrates a solid program expense ratio of 88.20%, indicating that a significant portion of its budget is allocated directly to its core mission. Additionally, it has maintained a favorable liabilities-to-assets ratio, showcasing its financial stability and ability to manage resources effectively.
While the data highlights several strengths, it’s important for potential supporters to consider that the rating focuses exclusively on financial performance metrics. There are no additional insights into program effectiveness or impact, which are also crucial for assessing a nonprofit's overall performance. Nonetheless, the transparency and governance practices in place present a positive outlook for Lundeberg Maryland Seamanship School Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Lundeberg Maryland Seamanship School Inc legitimate?
Lundeberg Maryland Seamanship School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lundeberg Maryland Seamanship School Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $48,863
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,014,359
For more financial information, click here
What is the mission statement of Lundeberg Maryland Seamanship School Inc?
The Lundeberg Maryland Seamanship School Inc serves a crucial role in training and upgrading merchant seamen. Acting as a training ground for merchant mariners, the school offers instruction, examination, and orientation to assist seamen in advancing their seniority status. Furthermore, the institution provides training for apprentice seamen and unlicensed workers in various fields, enabling them to secure higher ratings. The primary objective of Lundeberg Maryland Seamanship School Inc is to equip seafarers with the necessary skills and knowledge to excel in their careers.
Who is the CEO of Lundeberg Maryland Seamanship School Inc?
Margaret Bowen is the Acting Vice-President of Lundeberg Maryland Seamanship School Inc.
What is the revenue of Lundeberg Maryland Seamanship School Inc?
Lundeberg Maryland Seamanship School Inc's revenue in 2022 was $5,844,052.
Who are the executives of Lundeberg Maryland Seamanship School Inc and what are their salaries?
The average compensation at Lundeberg Maryland Seamanship School Inc during 2022 was $43,351. There are 186 employees at Lundeberg Maryland Seamanship School Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $150,707
- Related: $0
- Other: $7,613
- Compensation: $139,262
- Related: $0
- Other: $8,349
- Compensation: $128,222
- Related: $0
- Other: $12,197
- Compensation: $118,467
- Related: $0
- Other: $13,344
- Compensation: $121,116
- Related: $0
- Other: $7,875
Where can I find the form 990 for Lundeberg Maryland Seamanship School Inc?
Lundeberg Maryland Seamanship School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lundeberg Maryland Seamanship School Inc
Lundeberg Maryland Seamanship School Inc, a nonprofit organization, is dedicated to training and upgrading merchant seamen. Its mission is multifaceted, serving as a training ground for merchant mariners, providing instruction, examination, and orientation to help seamen improve their seniority status. The school also extends its services to apprentice seamen and unlicensed workers, offering them training in their respective fields. This training is instrumental in enabling these individuals to attain a higher rating in their professions. By providing this comprehensive education and development program, Lundeberg Maryland Seamanship School Inc plays a crucial role in equipping seamen with the necessary skills and knowledge to excel in their careers at sea.
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Impact
July, 2024
Lundeberg Maryland Seamanship School Inc's impact lies in its vital role in training and upgrading merchant seamen. By providing instructional programs, examinations, and orientation services, the school helps seamen enhance their seniority status and advance their careers in the maritime industry. Additionally, the school plays a crucial role in training apprentice seamen and unlicensed workers, enabling them to obtain higher ratings and excel in their respective fields. Through these efforts, Lundeberg Maryland Seamanship School contributes significantly to the development and advancement of skilled professionals within the merchant marine sector.
This information is meant to be a general summary of Lundeberg Maryland Seamanship School Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,500
- Program Service Revenue: $3,968,832
- Gross Receipts: $5,844,052
Assets and Liabilities:
- Total Assets: $44,546,081
- Total Liabilities: $3,486,012
- Net Assets: $41,060,069
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VOCATIONAL TRAINING FEES & REIMBU
Revenue
$1,350,447
STEWARD TRAINING REST. INCOME
Revenue
$922,854
EXEMPT FUNCTION RENTS
Revenue
$870,454
RENTAL INCOME FROM AFFILIATE EXEM
Revenue
$825,077
Organization Details
Founding Year
1967
Phone
(301) 899-0675Principal Officer
Margaret Bowen
Main Address
5201 CAPITAL GATEWAY DRIVE, CAMP SPRINGS, MD, 20746
NTEE Category
Code: B600 - Education
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