Mm&p Maritime Advancement Training Education & Safety Program
Nonprofit profile at a glance
- EIN
- 132577386
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Linthicum Heights, MD, USA
- Phone
- 4108595700
- Rating
- 54
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Job Training
Reported finances
- Revenue
- $4,639,595
- Expenses
- $4,039,870
- Assets
- $13,275,107
- Liabilities
- $9,167,530
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- MR ERIC FRIEND (EXECUTIVE DIRECTOR)
Highest reported compensation
- MR DONALD JOSBERGER (TRUSTEE, CHAIRMAN): $339,313 total reported compensation
- MR PATRICK MCCULLOUGH (ADMINISTRATOR): $331,545 total reported compensation
- CAPT DONALD MARCUS (TRUSTEE): $306,935 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Continued education and certification of the international organization of masters, mates, and pilots members, independent mariners, pilot groups, and other shipping company employees.
What it reported doing in 2024
Academic center- tutition and related services: the academic division of the maritime institute, located in linthicum heights, md, provides high quality continuing education and re-certifications for the maritime industry. In addition to training the members of the iomm&p, the institute trains many members in the u.s. Military, foreign governments, u.s. Shipping companies, pilot organizations, independent mariners, tug and barge companies, etc. The maritime institute of technology also provides ground-breaking research and development for the government and private industry. The institute is also certified by the Maryland higher education commission as a school of higher learning.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 26
- Transparency & Controls: 76
- Accountability: 82
- Sustainability: 56
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 27.9%; rating input score 28
- Program expense ratio: 32%; rating input score 32
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 69.2%; rating input score 69; 11th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.9%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 3.29; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.69; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 40%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 11.3% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: -2.6% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: -0.5% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 27.9% of revenue deployed · 32% of spending went to programs
- Governance: 9 of 13 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $1.3M in reported program spending
- Leadership: top reported pay $339K · 24 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $7.6M reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 33 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 28/100.
- Moderate — Financial Efficiency: Program expense ratio scored 32/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.