Coast Guard Mutual Assistance
provides essential financial aid to the entire Coast Guard family, chiefly through interest-free loans, grants, and financial counseling. Coast Guard Mutual Assistance (CGMA) strives to promote financial stability and general well being of the people it serves. Eligibility extends to Active Duty, Retired and Selected Reserve military personnel, Civilian employees, and Auxiliary members.
Then & No Now
A Quick Sketch of CGMA History
The League of Coast Guard Women is founded with a mission to “minister to the general welfare of the commissioned officers, warrant officers, enlisted men and civilian employees of the Coast Guard and their immediate families”
Admiral F. C. Billard is Commandant; Mrs. Billard becomes the first “Honorary President”
As the U.S. enters World War II, Coast Guard Welfare is formally established and assumes theLeague’s mission
The organization’s name changes to Coast Guard Mutual Assistance
CGMA centralizes operations and is incorporated in the Commonwealth of Virginia
CGMA distributes $3 million in direct aid to families affected by Hurricanes Katrina, Rita and Wilma
CGMA celebrates 85 years of service to the men and women of the Coast Guard
CGMA delivers over$4 million in direct financial assistance through loans and grants each year. In the spirit of promoting financial stability, CGMA also offers a variety of education and family support programs that boost morale and enhance Coast Guard readiness
With over 135 locations throughout the Coast Guard, CGMA ensures emergency assistance is readily available whenever needed
CGMA has cross servicing agreements with sister aid societies – Air Force Aid Society, Army Emergency Relief and Navy-Marine Corps Relief Society.
1924 1941 1979 1998 2005 2009 Today
Message from the Chairman
As the Coast Guard’s own relief society, Coast Guard Mutual Assistance (CGMA) continues to provide outstanding support for financial needs of Coast Guardsmen. In 2011, CGMA distributed more than $4.6 million in direct financial assistance to over 6,000 shipmates and their families. Another $47,000 funded important programs and services, such as free certified financial counseling and homeowner crisis counseling, respite care, federal student loan fee reimbursements, and layettes for families with newborns.
The Board of Control is always searching better ways to provide financial support to the Coast Guard family. This year the Board approved a new loan to assist with closing costs for purchasing, refinancing or selling a home. The Board also added an education loan to help with expenses not covered by funds from other sources.
Your donations provided essential support to our assistance programs, greatly improving our economic position for the future. Total contributions last year were in excess of $2.3 million. Your contributions helped CGMA end the year with net assets higher than those of the previous year and in a strong position to meet future needs.
Thank you to all who were involved in making this a successful year:
CGMA Representatives and Assistant Representatives throughout the Coast Guard who do a superb job of helping us look out for our shipmates;
CGMA local campaign workers who were instrumental in a successful fundraising campaign;
The dedicated CGMA staff for their daily administration; and The Board of Control for its diligent oversight, mission focus, and continuing assessment on how to support the needs of our shipmates and their families.
Bravo Zulu! Keep up the great work.
Admiral, U.S. Coast Guard Chairman Coast Guard Mutual Assistance R. J. PAPP, JR.
Operating Overview
Since 1924, Coast Guard Mutual Assistance (CGMA) has been a source of essential financial aid to those in need within the Coast Guard community. Over the course of its service history, CGMA has given over $162 million in financial assistance to serve those needs. In the past five years alone, CGMA has issued interest-free loans totaling over $20 million as well as personal and education grants totaling $3 million in over 31,000 cases.
2011
$4.65 million
Loans and Grants
6,586 cases
$3.99 million in interest-free loans
$61,500 in personal grants and grant conversions
$250,000 in quick loans
2,815 cases
Education Assistance Programs & Services
$627,000 in supplemental education grants
$210,000 in interest-free loans
3,771 cases
Over $48,000 was provided through resource programs
Financial Counseling
Loan Origination Fee Reimbursement for student loans
Baby Layettes for the newest members of Coast Guard families
Lifetime benefits for dependents of deceased active duty members
Respite for full time caregiver
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CGMA understands the unique sacrifices of the Coast Guard family, especially when they face an unexpected financial need.
Whether helping members with emergency home repairs due to fire or flood, or emergency travel to witness the birth of their child or to visit the bedside of a critically ill parent, CGMA is ready to look after our own. In an effort to alleviate the stress of these and a host of other circumstances, members continue to turn to CGMA and find the support they need.
Over the past year, CGMA provided $4.65 million in financial assistance.
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$1,407,988 Bills & Basic Living Expenses$1,202,376 Education$837,346 Vehicle Repair$736,452 Emergency Travel$257,812 Medical & Dental $86,627 Funeral Expenses$83,867 Other Expenses$41,724 Breakdown of Assistance Dollars Housing Expenses
2011 Assistance and Program Expansion
Coast Guard members and their families faced various economic challenges in 2011, including high unemployment, a declining housing market, and increased costs of living. CGMA recognized these hardships by expanding existing programs and introducing new avenues to assist our members.
CGMA Closing Cost Program
In 2011, Coast Guard Mutual Assistance expanded the eligibility of the existing closing cost program. Now available to all CGMA clients, this interest free loan of up to $6,000 can help members, who are purchasing a home, with closing costs. Additionally, those selling their house at a loss or members who wish to refinance their home mortgage to obtain lower interest rates and monthly payments are also eligible for this loan to help pay settlement charges.
New Adoption Loan
New in 2012, all CGMA clients who are incurring expenses related to the legal adoption of a child are eligible to receive up to a $6,000 needbased interest free loan. These expenses can include adoption and legal fees, court costs, home inspection costs, and travel expenses. This will be an immense help for clients who do not have all of the funds necessary to proceed with the adoption process.
New Education Loan
To better meet the needs of those earning college degrees or attending vocational technical training schools, CGMA implemented a new education loan program. The new loan provides up to $2,000 interestfree for tuition and other educational expenses not covered by funds from other sources. This new initiative replaced two existing loans that were more restrictive and rarely used. In 2011, over $210,000 of assistance provided 131 education loans.
Baby Layettes
CGMA’s “Welcome Baby Package” is now offered to all clients who just had or adopted an infant. Valued at over $70, the layette contains a receiving blanket, crib sheets, clothes and other items for a newborn child along with some helpful health and parenting information from the March of Dimes. Last year 35% more layettes were provided to Coast Guard families.
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Source of Funds
Contributions
In order to continue performing its vital role within the Coast Guard community, CGMA relies on a steady infusion of funds from voluntary contributions. Though CGMA works closely with the Coast Guard, it is an independent non-profit organization and receives neither appropriated nor non-appropriated government funding.
Throughout the year, contributions are accepted from individuals and organizations. A majority of the financial support CGMA receives are from allotment/payroll deductions from Active Duty members, Retired Military members and Civilian Employees. These allotments/deductions account for 76% of $2.35 million in donated funds for 2011.
Repayments on Loans
As the money distributed through interest-free loans is returned to CGMA, these funds are redistributed to other Coast Guard members in need, thereby recycling contribution dollars. While a little less than $3.7 million in repayments was received in 2011, almost $4 million was provided in interest-free loans.
Return on Investments (CGMA Portfolio)
CGMA operations are also supported by the capital generated from the investment portfolio. With a market value of $15.5 million at the end of 2011, the portfolio allows CGMA to produce income through interest and dividends and grow capital in low-risk investments. Ultimately this resource serves as a safety net for CGMA to maintain seamless operations.
When needs exceed operating funds, CGMA would draw upon these reserve funds. Whether during times of emergency or during the normal course of business, the portfolio provides an important safeguard to seamlessly meet client needs without requiring additional contributions. In the absence of new donations, current portfolio funds could sustain present CGMA operations for 7 years.
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Use of Funds
For every dollar donated in 2011, $2.31 was issued in direct programs and assistance. An additional $ .19 covered administrative and fundraising costs.
CGMA Dollars Hard at Work
With $2.35 million in donations in 2011, CGMA was able to provide over $3.99 million in interest-free loans. An additional $664,000 in grants was given. Program costs were $782,000. Administrative costs were only $325,000 and fundraising costs were kept under $121,000.
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Statements of Financial Position
For years ended December 31, 2011 and 2010
IndependentAudit:
Coast Guard Mutual Assistance Financial Statements for the years ended December 31, 2011 and 2010, were audited by independent auditors from the firm Murray, Jonson, White & Associates, LTD, Certified Public Accountants, of Falls Church, Virginia. Copies of the report have been provided to all members of the Coast Guard Mutual Assistance Board of Control. Copies of the audit report are available by contacting the Director of Finance, Coast Guard Mutual Assistance, US Coast Guard Stop 7180, 4200 Wilson Blvd, Suite 610, Arlington, Virginia 20598-7180.
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20112010 Assets Cash and cash equivalents $ 940,193 $ 927,382 Pledges receivable 735,000 715,000 Investments 15,490,971 15,077,409 Accrued Dividends and Interest 53,655 52,690 Loans Receivable – Net 3,047,525 2,948,091 Other Receivables 3,394 2,460 Property and equipment – Net 80,994 121,491 Total Assets $ 20,351,732 $ 19,844,523 Liabilities and Net Assets Liabilities Accounts payable $ 3,696 $ 2,350 Accrued salaries and leave 52,943 51,646 Total Liabilities 56,639 53,996 Net Assets Unrestricted 19,490,192 19,000,335 Temporarily restricted 804,901 790,192 Total Net Assets 20,295,093 19,790,527 Total Liabilities and Net Assets $ 20,351,732 $ 19,844,523
Statements of Financial Activities
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years ended December 31, 2011 and 2010 20112010 Revenues, Gains, and other Support Contributions Annual campaign collections $ 2,045,383 $ 1,988,643 Other Donations and Misc. 305,355 137,700 Grants Repaid/Collection Agency Payments 14,519 9,067 Investments Interest and dividends 363,628 341,134 Realized and unrealized gains (losses) (384,822) 1,275,166 Investment Management Fees (63,765) (57,644) Donated facilities 116,066 112,596 Total Revenues, Gains, and Other Support 2,396,304 3,806,662 Expenses Program Expenses 1,446,067 1,462,068 Supporting Services General and Admin Expenses 324,861 328,348 Fundraising expense 120,810 129,010 Total Expenses 1,891,738 1,919,426 Change in Net Assets 504,566 1,887,236 Net Assets at Beginning of Year 19,790,527 17,903,291 Net Assets at End of Year $ 20,295,093 $ 19,790,527
For
Board of Control
December 31, 2011
CGMA BOC Officers
Chairman Admiral Robert J. Papp, Jr., USCG
President Rear Admiral Ronald T. Hewitt, USCG
Vice President Master Chief Petty Officer Emily L. Jennings, USCG
Treasurer Lieutenant Commander Omar Vazquez, USCG
Secretary/Executive Director Mr. Barry M. Boisvere
CGMA BOC Members
Commissioned Officer Commander Beth A. Naff, USCG
Commissioned Officer
Lieutenant Commander Omar Vazquez, USCG
Commissioned Officer Lieutenant Commander Jo’Andrew D. Cousins, USCG
Chief Warrant Officer Chief Warrant Officer Brent A. Light, USCG
MCPOCG Master Chief Petty Officer CG Michael P. Levitt, USCG
Enlisted (E-7 or above)
Enlisted (E-6 or below)
Enlisted (E-6 or below)
Master Chief Petty Officer Emily L. Jennings, USCG
Petty Officer First Class Jeffrey L. Bueche, USCG
Petty Officer Second Class David Nava, USCG
Reserve Commander Annette M. Tomkins, USCGR
Civilian Mr. Frank G. Tatu
Retired Chief Warrant Officer John C. Baker, USCG (Ret)
Auxiliary AUX Bruce A. White
Officer’s Spouse Mrs. JulieAnn Thomas
Enlisted Member’s Spouse Mrs. Kristina Tanasichuk
Medical/TRICARE Specialist Chief Warrant Officer Pamela L. Robins
Family Support Specialist Mr. Rodney B. Whaley
CGMA BOC Alternates
MCPOCG Master Chief Petty Officer Bobbie J. Sisto, USCG
Enlisted (E-7 or above)
Enlisted (E-6 or below)
Senior Chief Petty Officer Douglas G. Gilmer, USCG
Petty Officer First Class Brent M. Ruggles, USCG
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Contributors
Withsincereappreciationforthewonderfulsupport receivedthroughout2011,CGMAacknowledgesthecontributions generouslygivenbythefollowingindividuals,companiesandorganizations.
Corporate and Organization Contributors of $1,000 or More
Alien Skin Software
Belvoir Woods Protestant Mission Society
California Community Foundation
Cape Cod Child Development Program, Inc.
Dallas Military Ball
Harbour Lights
Sea Watch, Inc.
The Boston Foundation
Thrift Shop Association, Selfridge ANGB
USAA Federal Savings Bank
Individual Contributors of $1,000 or More
Mr. William Abt, Jr.
Mr. & Mrs. W. F. Boucher
CDR & Mrs. Richard Burgdorf, USCGR (Ret)
PS2 Fred Callies, USCG (Ret)
Ms. Sandra F. Knight
Mrs. Ariadna Miller
CAPT Alan B. Smith, USCG (Ret)
Author Royalties – Character in Action
Donald T. Phillips
ADM James M. Loy, USCG (Ret)
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Memorial Contributions were received in memory of
CDR M. J. Ahearn
CPO Clyde Allen
Mr. Kenneth E. Andrews
Mr. Philip R. Appenzeller
Mr. Joseph Austerberry
PO Monica Beacham
Mr. Ellis Bearce
CWO Robert A. Boutte
PO Andrew Calvert
CAPT Frederick Carney
Mr. Michael P. Clement
CPO John R. Conley
Ms. Molly I. Cross
Ms. Nancy R. DeHaan
Mr. Bill Donohue
BM2 Steven Duque
ADM William J. Ecker
Mr. Charles S. English
Mr. Theodore Flanders
Mr. Frederick R. Geiger
CDR William W. Goetzee
RADM Charles Hanks
TTC Raymond W. Hertzburg
MK1 Nicholas C. Holmes
CDR Christina Hosking
Ms. Tracy Hurley
Mr. Stewart Johnsen
Ms. Elizabeth A. Liggett
Mr. David M. Lockyee
Ms. Lauren E. Manning
Mr. William D. Maroulis
COL John McHugh
Ms. Carmen Mendez
Mr. Robert D. Millett
Ms. Mary E. Moore
CAPT Edwin Parker
BM2 Michael L. Partridge, III
PO1 Pat Ramsey
Ms. Janet Schulenberg
CAPT Bradford W. Sherman
CAPT Arthur F. Shires
CDR George P. Spaniol
Mr. Landon C. Studer
Mr. Steven R. Titsworth
CDR R.S. Tuneski
Mr. John Varallo
Mr. Harry C. Weare
Mr. Ron Williams
Mr. Grant T. Wimer
Mr. Neil P. Winberry
Bequests
CoastGuardMutualAssistanceistrulyhonoredandappreciativeforthegenerosity ofthefollowingindividualsandtheircommitmenttothefutureofCGMA.
CDR Christina M. Hosking, USCGR (Ret)
CWO Elizabeth F. Splaine, USCG (Ret)
Mr. George Zavadil
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Contributors to Coast Guard Mutual Assistance Coast Guard Mutual Assistance US Coast Guard Mailstop 7180 www.CGMAHQ.org 4200 Wilson Blvd., Suite 610 1.800.881.2462 Arlington, VA 20598-7180 Front Cover Art: Rescue from
Looking After Our Own Since 1924
the Clutches of the Mighty Sea by Thomas Picard
