The Usmma Sailing Foundation Inc
To support the united states merchant marine academy and other 501(c)(3) organizations and conduct maritime education and training.
The Usmma Sailing Foundation Inc at a glance
In short: The Usmma Sailing Foundation Inc gave $166K across 1 grant in 2024 (avg $166K), mostly in New York. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $165,996
- -65.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $165,996
- -65.0% vs 2023
- Median grant
- $165,996
- Total assets
- $38,587,035
- -7.4% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who The Usmma Sailing Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was US Merchant Marine Academy ($166K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 2 grants of 5 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Usmma Sailing Foundation Inc gives
- Giving fell 89% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $166K (2024) to $1.5M (2021). In 2024 it made 1 grant totaling $166K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| US Merchant Marine Academy Kings Point, NY | Program Support | $165,996 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $38,587,035 | $13,938,804 | $17,290,131 | $165,996 | 1 | $-4,041,312 |
| 2023 | $41,682,319 | $17,989,915 | $17,879,302 | $474,432 | 1 | $-866,250 |
| 2022 | $41,405,905 | $23,174,349 | $14,502,572 | $439,395 | 1 | $-3,132,676 |
| 2021 | $32,552,654 | $5,996,554 | $13,164,167 | $1,483,614 | 1 | $-2,347,492 |
| 2020 | $40,024,161 | $5,647,289 | $9,014,836 | $1,145,126 | 1 | $-8,374,655 |
About The Usmma Sailing Foundation Inc
Based on IRS filings
The Usmma Sailing Foundation Inc is a public charity focused on Education, based in Spring Hill, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $38.6M in total assets. In 2024, it awarded 1 grant totaling $166K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Usmma Sailing Foundation Inc is led by Ralf Steitz, President on every filing since 2020; 2 of 6 officers listed in 2024 are compensated.
Officers on the 2024 filing
Ralf Steitz
President
On filings since 2020
40 hrs/week
$175K (2020) → $132K (2024)
Jeffery G. Neuberth
Chairman
On filings since 2020
3 hrs/week
No compensation reported
Christopher J. Gasiorek
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Paul Strauch
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Brian Giorgio
Trustee
On filings since 2023
3 hrs/week
No compensation reported
Larry A. Larsen
Secretary & Treasurer
On filings since 2020
40 hrs/week
$140K (2020) → $140K (2024)
Former officers (2)
- Former: William P. Campbell (2020–2022) — Trustee
- Former: Jayme Fagas (2021–2022) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $140K, to Larry a Larsen (Secretary/Treasurer). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The Usmma Sailing Foundation Inc
How much does The Usmma Sailing Foundation Inc give each year?
The Usmma Sailing Foundation Inc gave $166K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $474K across 1 grant.
How large is The Usmma Sailing Foundation Inc?
The Usmma Sailing Foundation Inc reported $38.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $13.9M.
What is The Usmma Sailing Foundation Inc?
The Usmma Sailing Foundation Inc is a public charity focused on Education, based in Spring Hill, TN. It holds $38.6M in total assets as of 2024.
Where does The Usmma Sailing Foundation Inc operate?
The Usmma Sailing Foundation Inc has awarded grants in New York.
What is The Usmma Sailing Foundation Inc's EIN?
The Usmma Sailing Foundation Inc's EIN (Employer Identification Number) is 11-3561278. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Usmma Sailing Foundation Inc's focus areas in our free grants database
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