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        <ExplanationTxt>THE MISSION OF THE COAST GUARD ACADEMY ATHLETIC CORPORATION (CGAAC) IS TO SUPPORT COAST GUARD ACADEMY ATHLETIC DEPARTMENT EFFORTS TO PRODUCE LEADERS OF CHARACTER FOR OUR NATION, TO GENERATE THE NECESSARY REVENUE TO SUPPORT COAST GUARD INTERCOLLEGIATE ATHLETICS, AND TO PROMOTE THE COAST GUARD ACADEMY TO THE NATION THROUGH ATHLETICS. THE CGAAC WILL BE FOCUSED ON PROVIDING RESOURCES TO THE COAST GUARD ACADEMY THROUGH FUNDING AND IN-KIND SUPPORT TO FURTHER THE PROGRAMS IN THE ATHLETICS DEPARTMENT THROUGH FACILITIES RENTALS, GRANTS, FUNDRAISING, AND SPORTS CAMP REVENUES. IN ADDITION, THE CGAAC MAY HIRE STAFF TO PROVIDE COACHING OR OTHER SERVICES TO THE COAST GUARD ACADEMY.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A MEMBER OF THE BOARD OF DIRECTORS WILL REVIEW AND APPROVED THE FORM 990 PRIOR TO FILING. ALL BOARD MEMBERS WILL RECEIVE A COPY OF THE FILED FORM 990.</ExplanationTxt>
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