LOS ANGELES MARITIME INSTITUTE
Adventure learning at sea... for life!
LOS ANGELES MARITIME INSTITUTE
EIN: 33-0515416
as of September 2024
as of September 09, 2024
Programs and results
Reports and documents
Download other documentsWhat we aim to solve
Our programs
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.
TopSail STEM Program
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.
Sea Scouts/Youth Crew
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.
Where we work
Photos
Videos
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
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.
What are the organization's key strategies for making this happen?
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.
What are the organization's capabilities for doing this?
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.
What have they accomplished so far and what's next?
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2023 info
0.49
Months of cash in 2023 info
2.5
Fringe rate in 2023 info
20%
Funding sources info
Assets & liabilities info
Financial data
LOS ANGELES MARITIME INSTITUTE
Balance sheetFiscal Year: Jul 01 - Jun 30
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: Jul 01 - Jun 30
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
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 employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
LOS ANGELES MARITIME INSTITUTE
Board of directorsas of 10/05/2023
Board of directors data
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
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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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
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
No data
Gender identity
No data
Transgender Identity
No data
Sexual orientation
No data
Disability
No data
Professional fundraisers
Fiscal year endingSOURCE: IRS Form 990 Schedule G