Overview
What is American Caribbean Maritime Foundation?
The American Caribbean Maritime Foundation is a not-for-profit organization dedicated to alleviating poverty and transforming lives in the Caribbean through maritime education and community development. Based in Florida, the foundation supports various maritime institutions, such as the Caribbean Maritime University, University of Trinidad and Tobago, and LJM Maritime Academy (Bahamas). Its primary activities include raising funds for scholarships, equipment, facilities, and infrastructure, ensuring the Caribbean maritime community has access to quality education and resources. In 2021, the organization quadrupled its scholarship recipients, donated laptops to students during the pandemic, and forged partnerships with major shipping companies. It also focuses on supporting women in the maritime field and hosts annual events to honor maritime professionals.
Official website here: www.acmfdn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The American Caribbean Maritime Foundation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This score is derived entirely from the Accountability & Finance beacon, which highlights the foundation's commitment to financial transparency and responsibility. The foundation scored well in several areas, such as having a complete set of financial statements reviewed or compiled and maintaining a low liabilities to assets ratio.
However, there are some areas where the foundation's governance practices could be improved. Notably, it received no points for having a whistleblower policy or a document retention and destruction policy, which are essential for promoting accountability and ethical standards. Additionally, the foundation has zero independent board members, which may raise concerns about its governance structure.
Despite these limitations, the foundation demonstrates strengths in financial management and reporting. The absence of material diversions of assets and a strong program expense ratio indicates that funds are being allocated effectively toward the foundation's mission. Overall, while there are areas to address for better governance, the financial health of the American Caribbean Maritime Foundation appears solid.
This AI summary has been generated from information found on Charity Navigator.
Is American Caribbean Maritime Foundation legitimate?
American Caribbean Maritime Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Caribbean Maritime Foundation 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: $93,230
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.acmfdn.org
What is the mission statement of American Caribbean Maritime Foundation?
The American Caribbean Maritime Foundation, a non-profit organization, aims to alleviate poverty and transform lives in the Caribbean through maritime education and community development. The foundation supports maritime education by providing scholarships, funding equipment, and constructing facilities for various maritime universities and academies in the Caribbean, such as the Caribbean Maritime University, University of Trinidad and Tobago, and LJM Maritime Academy (Bahamas). The foundation's activities are primarily focused on uplifting the lives of aspiring Caribbean seafarers and maritime professionals by granting scholarships and donating necessary resources. In 2021, the foundation quadrupled the number of scholarship recipients, helping numerous students complete their education and secure employment in the maritime field.
Official website here: www.acmfdn.org
Who is the CEO of American Caribbean Maritime Foundation?
Geneive Brown Metzger is the President, Executive Direc of American Caribbean Maritime Foundation.
Official website here: www.acmfdn.org
What is the revenue of American Caribbean Maritime Foundation?
American Caribbean Maritime Foundation's revenue in 2022 was $888,973.
Official website here: www.acmfdn.org
Who are the executives of American Caribbean Maritime Foundation and what are their salaries?
The average compensation at American Caribbean Maritime Foundation during 2022 was $93,230. There is 1 employee and 14 volunteers at American Caribbean Maritime Foundation.
Here are 14 key members and their salaries:
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Official website here: www.acmfdn.org
Where can I find the form 990 for American Caribbean Maritime Foundation?
American Caribbean Maritime Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acmfdn.org
Learn more at the official website: www.acmfdn.org
Mission Statement of American Caribbean Maritime Foundation
The American Caribbean Maritime Foundation, a not-for-profit organization, is dedicated to alleviating poverty and transforming lives in the Caribbean through maritime education and community development. Its primary mission is to support the work of Caribbean Maritime University, University of Trinidad and Tobago, and LJM Maritime Academy in the Bahamas. The foundation focuses on raising funds for scholarships, equipment, facilities, and infrastructure, ensuring the success of aspiring seafarers and maritime professionals in the Caribbean. The American Caribbean Maritime Foundation's activities have resulted in transformative experiences for many, as seen in the quadrupling of scholarship recipients from thirteen in 2018 to sixty-three in 2021, providing essential resources like laptops during the COVID-19 pandemic, and hosting educational webinars. The organization's efforts to foster partnerships with major shipping companies and academic institutions have also been instrumental in advancing its mission, such as the commitment to appoint the first Caribbean captain of a cruise ship by Royal Caribbean International. The American Caribbean Maritime Foundation continues to prioritize the empowerment of women in the maritime field, launching mentorship programs and hosting annual awards events to celebrate their achievements. Overall, the American Caribbean Maritime Foundation is committed to uplifting the lives of Caribbean youth through maritime education and development.
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Impact
July, 2024
The American Caribbean Maritime Foundation has had a significant impact on the lives of aspiring Caribbean seafarers and maritime professionals. In just a few short years, the foundation has transformed dozens of lives by providing scholarships, equipment, and infrastructure to support education and community development in the Caribbean.
The foundation has quadrupled the number of scholarship recipients and grantees, from 13 in 2018 to 63 in 2021. They have also helped students facing financial difficulties, including those at risk of dropping out due to lack of funds. In response to the COVID-19 pandemic, the foundation donated laptops to aid students in remote learning when universities were closed.
Additionally, the foundation has hosted webinars, provided mentorship programs, and created a unique jobs board exclusively for Caribbean maritime graduates. They have forged partnerships with major shipping companies to support scholarship and grant programs, as well as to enhance job placement opportunities for graduates.
Through their efforts, the foundation is successfully empowering Caribbean youth through maritime education and development. They have awarded 97 scholarships and grants to students from various Caribbean countries, with an average GPA of 3.2 among scholars. The foundation continues to make a positive impact by supporting the education and career development of future maritime professionals in the region.
This information is meant to be a general summary of American Caribbean Maritime Foundation. 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.
- Gross Receipts: $950,429
Assets and Liabilities:
- Total Assets: $871,371
- Total Liabilities: $0
- Net Assets: $871,371
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Organization Details
Founding Year
2017
Phone
(561) 757-6881Principal Officer
Geneive Brown Metzger
Main Address
7642 ELM RIDGE DRIVE, BOCA RATON, FL, 33433
Website
www.acmfdn.orgNTEE Category
Code: P20 - Human services
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