GOLD2023

LOS ANGELES MARITIME INSTITUTE

Adventure learning at sea... for life!

aka LAMI, Children's Maritime Institute (CMI)   |   San Pedro, CA   |  lamitopsail.org
GuideStar Charity Check

LOS ANGELES MARITIME INSTITUTE

EIN: 33-0515416


Mission

The Los Angeles Maritime Institute (LAMI) serves to empower youth to discover their greater potential through extraordinary at-sea experiences aboard educational sailing vessels built to train and equip young people with 21st century leadership skills, and inspire maritime and STEM career paths.

Ruling year info

1993

Executive Director

Captain Bruce Heyman

Main address

Berth 73 Suite 2

San Pedro, CA 90731 USA

Show more contact info

EIN

33-0515416

Subject area info

Boating

Equal opportunity in education

Environmental education

Water resources

Scouting programs

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Population served info

Children and youth

Economically disadvantaged people

At-risk youth

Families

NTEE code info

Educational Services and Schools - Other (B90)

Youth Development Programs (O50)

Delinquency Prevention (I21)

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

TopSail Youth Program

The TopSail Youth Program is an award-winning education and adventure experience aboard a tall ship. This “learn by doing” program allows youth to develop their team building, problem solving, decision-making, planning, self-reliance and leadership skills as they explore the ocean wilderness while serving as part of a ship's crew on a day sail, overnight voyage or both.

Opportunities abound at sea, as youth are introduced to the ocean's diversity and ecosystems that create a vast living space. Perspectives begin to change when students realize they are part of something larger than themselves, which expands their view of the world and what they can achieve. As they learn the ropes of operating a complex vessel, they become familiar with their own abilities, and the teamwork and critical thinking required to operate the vessel under varying conditions. Sailing a tall ship is challenging, yet nurturing experience that prepares them for any challenges and opportunities that lie ahead.

Population(s) Served
Economically disadvantaged people
At-risk youth
Children and youth

The TopSail STEM Program builds on our signature TopSail Youth Program and leverages the STEM framework inherent to our program. For example, using the navigation component of our program enhances students’ interest in mathematics as they are introduced to a chart, its geometry and many of its symbols, which they use to determine a course. Students also focus on the aspects of mechanical advantage on board a tall ship and the skill of rigging block and tackle.

It is here at sea, where students realize that STEM subjects have very real and practical uses. The program’s curriculum and experiential activities are also customizable to meet the educational priorities of the school or group, and they are designed to reinforce classroom learning in full support of the Next Generation Science Standards.

Population(s) Served

Our Sea Scouts/Youth Crew program provides alternative access to sailing aboard our fleet of small sailboats. This allows youth volunteers more access to sailing, as well as providing them more exposure to sailboats and boating in general, bolstering a deeper understanding, interest, and confidence towards sailing and sailboat handling. These skills are transferable experiences when sailing aboard other boats.

Sea Scouting is an inclusive co-ed program offered for young people by BSA Scouts America. The program operates through Sea Scout units known as Ships which are made up of youth and advisors, and Ship 1992 is a Sea Scout Ship chartered by the Los Angeles Maritime Institute (LAMI). Being a Sea Scout offers countless opportunities and exciting challenges that you won’t find anywhere else. It is a place where you can grow, learn, find adventure, and build lifelong friendships.

Population(s) Served
Children and youth
At-risk youth
Economically disadvantaged people
Children and youth
At-risk youth
Economically disadvantaged people

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our first priority is an expansion of the TopSail Youth Program which builds on introductory day sails and expands to an overnight voyage for young people. A case study has shown that those who participate in these programs are more likely to finish high school and go to college than their classmates who don't. A former State Attorney General estimates that the cost to the government of those who fail to graduate is as much as $2,000,000 over a dysfunctional lifetime! LAMI's motto: “Training by the Sea … for Life" is further vindicated by these statistics.

Secondly, we are focusing on increasing our volunteer base which has been the backbone of LAMI since its inception. The contribution of volunteers is invaluable – not only aboard our ships but in the office, carrying out special projects, running the dockside educational center “The DECKhouse", assisting at Tall Ships events and countless other tasks.

Booking our ships in innovative ways and diversifying our revenue streams will be a new initiative as we move forward. Rather than having a ship tied to the dock, we invite “sailors of all ages" to participate in creative ways that will contribute to LAMI's bottom line. The introduction of advanced sail training voyages, either offshore or foreign-going for post high school “trainees" would round out LAMI's training portfolio. Not only do these voyages contribute to the cash flow during lower booking periods, they provide stimulus for crew and a depth of learning that is impossible to achieve on day sails and short overnight excursions.

The TopSail Youth Program, on average, takes over 3,000 young people to sea each year on life-changing programs. Open to youth of all ages (elementary to college level), we dedicate 180 sailing days a year to inner city kids, some of the most deserving, and underserved, members of our community.

The shipboard environment is challenging, yet nurturing, encouraging exploration and self-reliance. It is notably effective with youth who are not coping well with the demands of society and are at risk of dropping out of school and giving up. Today, we strive to provide a venue that enriches, validates and challenges every young person who participates.

Our twin brigantines provide an exciting "outdoor classroom" experience. Launched in 2002, the twin brigantines Irving Johnson and Exy Johnson were designated the Official Tall Ships and Maritime Ambassadors of the City of Los Angeles. Measuring 110 feet, these identical, traditionally rigged tall ships were named after Captain Irving and Exy Johnson, sail training pioneers and seven-time circumnavigators with youth crew.

Financials

LOS ANGELES MARITIME INSTITUTE
Fiscal year: Jul 01 - Jun 30
Financial documents
2018 Los Angeles Maritime Institute
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

0.49

Average of 0.44 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

2.5

Average of 1.6 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

20%

Average of 23% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

LOS ANGELES MARITIME INSTITUTE

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

LOS ANGELES MARITIME INSTITUTE

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

LOS ANGELES MARITIME INSTITUTE

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of LOS ANGELES MARITIME INSTITUTE’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2022 2023
Unrestricted surplus (deficit) before depreciation -$55,007 $1,064,121 -$203,141 -$327,021 $232,116
As % of expenses -4.8% 71.4% -12.1% -20.6% 13.4%
Unrestricted surplus (deficit) after depreciation -$392,014 $703,027 -$584,968 -$706,710 -$147,573
As % of expenses -26.3% 38.0% -28.3% -35.9% -7.0%
Revenue composition info
Total revenue (unrestricted & restricted) $1,187,367 $2,469,757 $1,442,671 $1,259,448 $1,605,092
Total revenue, % change over prior year -0.3% 108.0% -41.6% 0.0% 27.4%
Program services revenue 46.0% 24.7% 41.2% 53.9% 60.6%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.5%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 51.4% 74.5% 58.4% 45.3% 38.9%
Other revenue 2.5% 0.8% 0.4% 0.8% 0.1%
Expense composition info
Total expenses before depreciation $1,152,586 $1,490,155 $1,684,212 $1,586,469 $1,732,184
Total expenses, % change over prior year 16.0% 29.3% 13.0% 0.0% 9.2%
Personnel 49.4% 49.8% 52.3% 47.2% 48.2%
Professional fees 14.4% 2.9% 3.7% 2.9% 2.1%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 36.2% 47.2% 44.0% 49.9% 49.7%
Full cost components (estimated) info 2018 2019 2020 2022 2023
Total expenses (after depreciation) $1,489,593 $1,851,249 $2,066,039 $1,966,158 $2,111,873
One month of savings $96,049 $124,180 $140,351 $132,206 $144,349
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $1,228,021 $0 $0 $0
Total full costs (estimated) $1,585,642 $3,203,450 $2,206,390 $2,098,364 $2,256,222

Capital structure indicators

Liquidity info 2018 2019 2020 2022 2023
Months of cash 1.7 0.1 0.5 1.9 2.5
Months of cash and investments 1.8 0.1 0.5 2.2 2.8
Months of estimated liquid unrestricted net assets 0.6 -0.7 -2.2 -4.5 -2.5
Balance sheet composition info 2018 2019 2020 2022 2023
Cash $164,414 $14,581 $63,550 $251,387 $354,543
Investments $8,135 $2,480 $9,793 $44,441 $44,441
Receivables $88,209 $78,575 $38,739 $32,203 $23,467
Gross land, buildings, equipment (LBE) $8,375,869 $9,603,890 $9,603,890 $9,603,890 $9,603,890
Accumulated depreciation (as a % of LBE) 60.4% 56.4% 60.4% 68.3% 72.3%
Liabilities (as a % of assets) 3.4% 4.5% 11.4% 28.0% 26.2%
Unrestricted net assets $3,374,638 $4,077,665 $3,492,697 $2,452,011 $2,304,438
Temporarily restricted net assets $125,000 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $125,000 $0 $0 $0 $0
Total net assets $3,499,638 $4,116,065 $3,492,697 $2,452,011 $2,304,438

Key data checks

Key data checks info 2018 2019 2020 2022 2023
Material data errors No Yes Yes No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Captain Bruce Heyman

An experienced executive leader and manager with an outstanding track record of delivering results, Captain Bruce Heyman retired from Motorola after 26 years climbing from an engineer to Vice President. For the bulk of his Motorola career, he managed large teams of engineers, business professionals, marketing, strategy, sales and manufacturing that were spread across multiple sites, including Europe. Since retiring from Motorola, Heyman has focused most of his time and energy at getting back to the sea on large sailing vessels. Before joining the San Diego Maritime Museum at the start of the construction of the San Salvador, he was responsible for maintaining the Spirit of Dana Point and Pilgrim where he expanded the Volunteer corps by a factor of five while saving tens of thousands of dollars by bringing solid engineering and program management techniques to bear. Bruce has a BSEE, MSEE and MBA. He is a licensed USCG Captain.

Number of employees

Source: IRS Form 990

LOS ANGELES MARITIME INSTITUTE

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

LOS ANGELES MARITIME INSTITUTE

Board of directors
as of 10/05/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Eric Johnson

Eric Johnson

Jericho Development

Richard McKenna

International Seafarers Center

Byron Countryman

Countryman & McDaniel

Adam Deragisch

CLR Capital Lending Resources

Joe Gatlin

Spalding, Gatlin & Associates

Lucia Moreno-Linares

Family Federal Credit Union (retired)

Alice Robinson

Co-Founder and Community Youth Advocate

Christine Ryback

ConocoPhillips Polar Tankers, Inc. (retired)

Timothy J. Seidel

Phillips 66

Tom Thomas

Union Supply Group; Urban Feet

West Wilson

Spirit Cruises and Yacht Parties

Winter Wilson

Spirit Cruises and Yacht Parties

Dave Zelhart

Terminal Equipment Systems Inc. (TESI)

Jim Gladson

Emeritus; Founder and Honorary Chair

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 10/5/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

There are no contractors recorded for this organization.

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser