NonprofitsThe Naval Institute Foundation Incorporated

The Naval Institute Foundation Incorporated

ANNAPOLIS, MD

Total revenue

$6.1M

Total expenses

$4.8M

Net assets

$14.6M

Grants received

$14.4M

70 grants

EIN

521814344

Tax year

2024

Mission

To raise funds and further the mission of the united states naval institute (the institute).

Financials

FY 2024

Revenue

Contributions & grants$5.9M
Program service revenue
Investment income$226K
Other revenue
Total revenue$6.1M

Expenses

Grants paid$3.3M
Salaries & benefits$1.1M
Fundraising$1.3M
Other expenses$448K
Total expenses$4.8M
Total assets$14.7M
Net assets$14.6M

People

16 listed

NameRoleCompensation

RADM RAYMOND A SPICER USN RET

CEO, DIRECTOR

Board

10 hrs/wk

HEATHER LANCASTER

COO, SECRETARY, DIRECTOR

Board

35 hrs/wk

GEN PETER PACE USMC RET

CHAIRMAN, DIRECTOR

Board

2 hrs/wk

MICHAEL M WISEMAN ESQ

VICE-CHAIRMAN, DIRECTOR

Board

1 hrs/wk

RADM KENDELL PEASE USN RET

DIRECTOR

Board

1 hrs/wk

MR STEPHEN M WATERS

DIRECTOR

Board

1 hrs/wk

CDR GREGORY E GLAROS USN RET

DIRECTOR

Board

1 hrs/wk

ADM JONATHAN GREENERT USN RET

DIR. - BOARD LIAISON (THRU MAY)

Board

1 hrs/wk

MEL IMMERGUT

DIRECTOR - BOARD LIASON

Board

1 hrs/wk

MARTIN J BOLLINGER

DIRECTOR

Board

1 hrs/wk

JANE CLAYTON JOHNSON

DIRECTOR

Board

1 hrs/wk

DIRK P MOSIS

DIRECTOR

Board

1 hrs/wk

MICHAEL J SALVATO

DIRECTOR

Board

1 hrs/wk

JOHN MAJORAS

DIRECTOR (AS OF NOV)

Board

1 hrs/wk

DOUGLAS WALLEN

TREASURER

Board

8 hrs/wk

VADM PETER H DALY USN RET

FORMER CEO, CONSULTANT

Staff

2 hrs/wk

Grants received

Showing 70 of 70

FromAmountPurposeYear
$50K
UNRESTRICTED GENERAL SUPPORT
2024
$50K
SANDY AND STEVE WATE
2024
$50K
OPERATIONS
2024
$25K
UNRESTRICTED GENERAL SUPPORT
2024
$10K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2024
$4K
Support 501(c)(3) organization
2024
$500K
ANNUAL FUND - SUPPORT
2023
$253K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$200K
GENERAL OPERATING SUPPORT
2023
$150K
GENERAL OPERATIONS OF THE ORGANIZATION
2023
$77K
For grant recipient's exempt purposes
2023
$50K
UNRESTRICTED GENERAL SUPPORT
2023
$50K
UNRESTRICTED GENERAL SUPPORT
2023
$50K
General Support
2023
$50K
Jack C. Taylor Conference Center
2023
$35K
TO HOLD AND USE CASH ASSETS IN ACCORDANCE WITH RESTRICTIONS CONTAINED IN DONATION AGREEMENT BETWEEN NAVAL HISTORICAL FOUNDATION AND THE US NAVAL INSTITUTE.
2023
$25K
TO PROMOTE THE PROFESSIONAL, LITERACY AND SCIENTIFIC UNDERSTANDING OF SEA POWER
2023
$25K
CAPITAL CAMPAIGN
2023
$10K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2023
$9K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$5K
Support 501(c)(3) organization
2023
$5K
GENERAL SUPPORT
2023
$2K
GENERAL OPERATING SUPPORT
2023
$1.6M
For grant recipient's exempt purposes
2022
$692K
TO HOLD AND USE CASH ASSETS IN ACCORDANCE WITH RESTRICTIONS CONTAINED IN DONATION AGREEMENT BETWEEN NAVAL HISTORICAL FOUNDATION AND THE US NAVAL INSTITUTE.
2022
$200K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$100K
CONFERENCE CENTER PHOTO ARCHIVE ROOM
2022
$75K
GENERAL SUPPORT
2022
$50K
TO PROMOTE THE PROFESSIONAL, LITERACY AND SCIENTIFIC UNDERSTANDING OF SEA POWER
2022
$50K
UNRESTRICTED GENERAL SUPPORT
2022
$35K
General Support
2022
$33K
PUBLIC, SOCIETAL BENEFIT
2022
$25K
CAPITAL CAMPAIGN
2022
$6K
GENERAL SUPPORT
2022
$6K
GENERAL SUPPORT
2022
$5K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2022
$3K
Support 501(c)(3) organization
2022
$1K
GENERAL OPERATING SUPPORT
2022
$541K
For grant recipient's exempt purposes
2021
$541K
For grant recipient's exempt purposes
2021
$201K
For recipient's exempt purpose
2021
$50K
TO PROMOTE THE PROFESSIONAL, LITERACY AND SCIENTIFIC UNDERSTANDING OF SEA POWER
2021
$23K
PUBLIC, SOCIETAL BENEFIT
2021
$2K
GENERAL PURPOSE
2021
$2K
GENERAL OPERATING SUPPORT
2021
$290K
For grant recipient's exempt purposes
2020
$208K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$100K
GENERAL FINANCIAL SUPPORT
2020
$100K
CONFERENCE CENTER PHOTO ARCHIVE ROOM
2020
$75K
BUILDING FUND
2020
$50K
CAPITAL CAMPAIGN
2020
$40K
TO PROMOTE THE PROFESSIONAL, LITERACY AND SCIENTIFIC UNDERSTANDING OF SEA POWER
2020
$15K
PUBLIC, SOCIETAL BENEFIT
2020
$14K
GENERAL OPERATIONS OF THE ORGANIZATION
2020
$5K
GENERAL SUPPORT OF THE ORGANIZATION
2020
$2K
GENERAL OPERATING SUPPORT
2020
$2K
GENERAL PURPOSE
2020
$1M
PUBLIC, SOCIETAL BENEFIT
2019
$250K
UNRESTRICTED GENERAL SUPPORT
2019
$22K
For grant recipient's exempt purposes
2019
$21K
PUBLIC, SOCIETAL BENEFIT
2019
$10K
SPECIAL EDUCATION FUNDING
2019
$6.0M
For grant recipient's exempt purposes
2018
$70K
TO PROMOTE THE PROFESSIONAL, LITERACY AND SCIENTIFIC UNDERSTANDING OF SEA POWER
2018

Funded by

$14.4M from 26 funders · 70 grants · 2018–2024

Fidelity Investments Charitable Gift Fund

$9.1M · 7 grants · 2018–2023

National Philanthropic Trust

$1M · 1 grant · 2019

Vanguard Charitable Endowment Program

$861K · 4 grants · 2020–2023

United States Naval Institute

$727K · 2 grants · 2022–2023

The Crawford Taylor Foundation

$500K · 1 grant · 2023

Morgan Stanley Global Impact Funding Trust Inc

$475K · 6 grants · 2019–2024

The Michael M Wiseman And Helen A

$235K · 5 grants · 2018–2023

Smith Richardson Foundation Inc

$200K · 1 grant · 2023

Details

EIN521814344
Subsection03
Ruling date1993-06
Formed1992
Employees0
Volunteers12
THE NAVAL INSTITUTE FOUNDATION INCORPORATED — Mission, Financials & Grants Received | Grantivo