AMERICAN CARIBBEAN MARITIME FOUNDATION

EIN: 474047350 501(c)(3) Human Services

BOCA RATON, FL

Total Revenue
$554,838
Total Expenses
$537,882
Total Assets
$749,659
Net Assets
$543,672
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
GENEIVE BROWN METZGER
Phone
5617576881
Tax Period
2024-01-01 to 2024-12-31

AMERICAN CARIBBEAN MARITIME FOUNDATION, founded in 2017, is a small nonprofit in the Human Services sector that reported $555K in total revenue in fiscal year 2024. Revenue surged 194% from the prior year, signaling strong growth momentum. Expenses of $538K left a modest 3% surplus.

Mission

AMERICAN CARIBBEAN MARITIME FOUNDATION ("THE FOUNDATION") IS A NOT-FOR- PROFIT ORGANIZATION WHOSE PRIMARY PURPOSE IS ALLEVIATING POVERTY AND TRANSFORMING LIVES IN THE CARIBBEAN THROUGH MARITIME EDUCATION AND COMMUNITY DEVELOPMENT. THE FOUNDATION EXISTS TO SUPPORT ASPIRING CARIBBEAN MARITIME PROFESSIONALS AND WORKERS WHO ARE LOOKING TO BE TRAINED AT ANY OF ACMF ACADEMIC PARTNERS: THE CARIBBEAN MARITIME UNIVERSITY, UNIVERSITY OF TRINIDAD AND TOBAGO, AND LJM MARITIME ACADEMY (BAHAMAS), ATLANTIC ALLIANCE OFF-SHORE MARITIME TRAINING INSTITUTE, AND MATPAL MARINE INSTITUTE. THE FOUNDATION ALSO SUPPORTS JOB PLACEMENT THROUGH ITS JOBS BOARD AND BY COLLABORATING WITH CREWING AGENCIES. THE FOUNDATION'S ACTIVITIES ARE FOCUSED ON RAISING FUNDS FOR SCHOLARSHIPS, EQUIPMENT, FACILITIES AND INFRASTRUCTURE, INCLUDING CLASSROOMS AND PHYSICAL AMENITIES. THE FOUNDATION SUPPORTS THE DEVELOPMENT OF THE MARITIME COMMUNITY IN WHICH THE CARIBBEAN MARITIME UNIVERSITY IS LOCATED.

Program Service Accomplishments

Program 1
Expenses: $448,254

THE ACMF, JUST AFTER A FEW SHORT YEARS, HAS TRANSFORMED THE LIVES OF HUNDREDS OF ASPIRING CARIBBEAN SEAFARERS AND MARITIME PROFESSIONALS, AND THOUSANDS WHO HAVE BENEFITED FROM THE CLASSROOM WE HELPED...

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THE ACMF, JUST AFTER A FEW SHORT YEARS, HAS TRANSFORMED THE LIVES OF HUNDREDS OF ASPIRING CARIBBEAN SEAFARERS AND MARITIME PROFESSIONALS, AND THOUSANDS WHO HAVE BENEFITED FROM THE CLASSROOM WE HELPED TO FUND, AND THE EQUIPMENT DONATED BY THE FOUNDATION. IN 2024, THE ACMF SIGNIFICANTLY EXPANDED ITS SCHOLARSHIP AND GRANT AWARD PROGRAM. IN 2018, IT WAS THIRTEEN (13) AND GREW TO TWO HUNDRED EIGHTY-NINE (289) IN 2024. WE LAUNCHED A DIGITAL SCHOLARSHIP PORTAL, WHICH, WHEN ADDED TO OUR DIGITAL JOBS BOARD (EXCLUSIVELY FOR CARIBBEAN MARITIME GRADUATES) LAUNCHED IN THE PREVIOUS YEARMAKES OUR DELIVERY OF SERVICES MORE SEAMLESS AND EFFICIENT. OUR WORK WITH MAJOR SHIPPING COMPANIES SERVING THE CARIBBEAN RESULTED IN UNIQUE PARTNERSHIPS INCLUDING EXPANDING OUR CRUISE PARTNERSHIPS TO ROYAL CARIBBEAN, NORWEGIAN CRUISE LINE, MSC, AND CARNIVAL. WE HOSTED OUR FIRST FORMAL SCHOLARSHIP AWARDS PROGRAM IN JAMAICA IN COLLABORATION WITH THE US EMBASSY IN KINGSTON, PRESIDED OVER BY THE US AMBASSADOR, AND ATTENDED BY MARITIME AUTHORITY LEADERS, STUDENTS, ACADEMIC PARTNERS FROM JAMAICA AND GUYANA. BEARING IN MIND THAT WE ARE APPROACHING OUR TENTH ANNIVERSARY IN 2027, WE HELD TWO STRATEGIC PLANNING SESSIONS TO ASSESS OUR OPERATIONS AND IMPACT AND GET INPUT FROM THE SHIPPING INDUSTRY AS TO HOW TO BETTER DELIVER ON OUR MISSION AND SERVE THE INDUSTRY. WE BEGAN EFFORTS TO EXPAND OUR COUNTRY NETWORK TO INCLUDE BELIZE IN THE 2024. OUR FOCUS GOING FORWARD IS "TALENT IN OUR BACKYARD". WOMEN CONTINUE TO BE UNDER-REPRESENTED AT SENIOR LEVELS IN THE MARITIME FIELD AND WE HAVE FOCUSED ON ENSURING THAT THEY RECEIVE THE KIND OF SUPPORT THEY NEED TO GET ACCESS TO MARITIME ACADEMIC TRAINING. THEY CONTINUE TO BE A FOCUS OF OUR SCHOLARSHIP AND GRANT AWARDS-WHEREIN 50% OF OUR SCHOLARSHIPS ARE AWARDED TO THEM. WE CAPPED OFF 2024 WITH THE ANNUAL ANCHOR AWARDS IN DECEMBER HONORING TWO LEADERS FROM THE CRUISE AND CARGO SECTORS. THE EVENT BROUGHT TOGETHER TOP BRASS OF THE CRUISE AND CARGO SHIPPING INDUSTRY, AND MARITIME PROFESSIONALS FROM ACROSS THE CARIBBEAN, PANAMA, EUROPE AND UNITED STATES. THE ACMF IS SUCCEEDING IN ITS MISSION TO TRANSFORM LIVES OF THE CARIBBEAN YOUTH THROUGH MARITIME EDUCATION AND DEVELOPMENT. TO DATE, WE HAVE AWARDED 289 SCHOLARSHIPS AND GRANTS TO STUDENTS FROM JAMAICA, BAHAMAS, GRENADA, ST. VINCENT AND THE GRENADINES, TRINIDAD AND TOBAGO, GUYANA, DOMINICAN REPUBLIC, SURINAME, AND ST. LUCIA. THE AVERAGE GPA OF OUR SCHOLARS IS 3.2; AND TWO OF OUR SCHOLARS WERE HONORED AS VALEDICTORIANS. WE HAVE ALSO FUNDED SEA TIME FOR SEVERAL STUDENTS AND CREATED A UNIQUE JOBS BOARD PLATFORM THAT IS FREE TO USE TO OUR GRADUATES. THE PLATFORM HAS REGISTERED ALMOST 300 CADETS, AND SEVERAL CRUISE AND CARGO COMPANIES HAVE HIRED CADETS FROM THE PLATFORM. THE ACMF HOSTED ITS SEVENTH ANCHOR AWARDS HONORING LAURA HODGES BETHGE, PRESIDENT OF CELEBRITY CRUISES AND CARLOS URRIOLA, CHAIRMAN SSA MARINE MIT (PANAMA). THE ACMF HAS SIGNED ON THE FOLLOWING STRATEGIC PARTNERS: WOMEN IN MARITIME CARIBBEAN (WIMAC), CARIBBEAN SHIPPING ASSOCIATION, AND THE SHIPPING ASSOCIATION OF BARBADOS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $554,838
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $554,838

Expense Breakdown

Grants Paid $331,274
Salaries & Benefits $128,810
Fundraising Expenses $57,196
Program Expenses $448,254
Other Expenses $77,798
TOTAL EXPENSES $537,882

Year-over-Year Comparison

2024 2023 Change
Revenue $554,838 $188,828 +1.9%
Expenses $537,882 $533,483 +0.0%
Net Income $16,956 $-344,655 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
11
Employees
1
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$100,000
Total Directors
12
$100,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GENEIVE BROWN METZGER PRESIDENT&EX 60.00
Officer Director
$100,000 $0 $100,000
FERN KHAN VICE PRESIDE 10.00
Officer Director
$0 $0 $0
ELSIE ROSARIO TREASURER 10.00
Officer Director
$0 $0 $0
ROLAND MALINS-SMITH DIRECTOR 10.00
Director
$0 $0 $0
JENNIFER NUGENT-HILL DIRECTOR 10.00
Director
$0 $0 $0
MICHELLE OTERO VALDEZ ESQ DIRECTOR 10.00
Director
$0 $0 $0
ADM ANDREW COGGINS DIRECTOR 10.00
Director
$0 $0 $0
CYNTHIA HUDSON DIRECTOR 10.00
Director
$0 $0 $0
GIORA ISRAEL DIRECTOR 10.00
Director
$0 $0 $0
VERONICA RAMSUNDAR DIRECTOR 10.00
Director
$0 $0 $0
RAWLE BADDALOO DIRECTOR 10.00
Director
$0 $0 $0
STEPHEN BELL DIRECTOR 10.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $554,838 $537,882 $749,659 $16,956
2023 $188,828 $533,483 $573,344 $-344,655
2022 $888,973 $401,926 $871,371 $487,047
2021 $371,243 $156,302 $384,324 $214,941
2020 $125,944 $195,188 $169,383 $-69,244
2019 $149,119 $107,175 $238,627 $41,944
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