NonprofitsUnited States Naval Institute

United States Naval Institute

ANNAPOLIS, MD

Total revenue

$11.0M

Total expenses

$10.7M

Net assets

$3.4M

Grants received

$58.1M

45 grants

EIN

520643040

Tax year

2024

Mission

To advance professional, literary, and scientific understanding of sea power.

Programs

3 programs

Conference expenses:the institute provides for various seminars and meetings throughout its fiscal year on current and historical topics. These meetings offer a concentrated opportunity for the exchange of ideas and discussion of key naval issues among naval professionals andothers.

Expenses: $1.0M

Special projects:represent various projects undertaken to advance the professional, literary, and scientific understanding of sea power and other issues critical to global security.

Expenses: $241K

Royalties: represent agreed-upon payments made by the institute to various authors for their respective books. The amount of the royalty is based upon the actual sales of the respective books and any sales of subsidiary rights.

Expenses: $493K

Financials

FY 2024

Revenue

Contributions & grants$3.3M
Program service revenue$4.1M
Investment income$40K
Other revenue$3.5M
Total revenue$11.0M

Expenses

Grants paid$3K
Salaries & benefits$6.2M
Fundraising
Other expenses$4.5M
Total expenses$10.7M
Total assets$7.8M
Net assets$3.4M

People

29 listed

NameRoleCompensation

RADM RAYMOND SPICER USN

CEO, PUBLISHER, DIR

Board

$362K

30 hrs/wk

DOUGLAS WALLEN

CFO, TREASURER

Board

$214K

32 hrs/wk

DEVERE CROOKS

DIRECTOR

Board

1 hrs/wk

CHRISTINE FOX

DIRECTOR

Board

1 hrs/wk

THOMAS FURLONG

DIRECTOR

Board

1 hrs/wk

WILLIAM HANNIGAN

DIRECTOR

Board

1 hrs/wk

MEL IMMERGUT

DIRECTOR

Board

1 hrs/wk

FRED M MIDGETTE

DIRECTOR

Board

1 hrs/wk

C MICHAEL PETTERS

DIRECTOR

Board

1 hrs/wk

LORI E REYNOLDS

DIRECTOR

Board

1 hrs/wk

CHARLES A RICHARD

DIRECTOR

Board

1 hrs/wk

MICHAEL S ROGERS

DIRECTOR

Board

1 hrs/wk

RUSSELL L SMITH

DIRECTOR

Board

1 hrs/wk

SCOTT SWIFT

DIRECTOR

Board

1 hrs/wk

ROBERT S WALSH

DIRECTOR

Board

1 hrs/wk

THAD W ALLEN

DIRECTOR (THRU 5/24)

Board

1 hrs/wk

THOMAS E CLARITY

DIRECTOR (THRU 6/24)

Board

1 hrs/wk

MARGARET D KLEIN

DIRECTOR (THRU 5/24)

Board

1 hrs/wk

CHARLES BOLDEN

DIRECTOR

Board

1 hrs/wk

ELLEN LORD

VICE CHAIR, DIRECTOR

Board

2 hrs/wk

JONATHAN W GREENERT

VICE CHAIR, DIR (THRU 5/24)

Board

2 hrs/wk

HARRY HARRIS

CHAIR, DIRECTOR

Board

2 hrs/wk

CALVIN CASS JR

DIRECTOR

Board

1 hrs/wk

ROBERT O WORK

CHAIR, DIR (THRU 5/24)

Board

2 hrs/wk

WILLIAM HAMBLET

EVP PERIODIC, MEMBERS, MAR

Staff

$214K

40 hrs/wk

HEATHER LANCASTER

EVP DEVELOPMENT

Staff

$211K

5 hrs/wk

APRIL PARRECO

EVP CONFERENCES & EVENTS

Staff

$195K

40 hrs/wk

ADAM KANE

DIRECTOR, NAVAL INSTITUTE

Staff

$171K

40 hrs/wk

VADM PETER H DALY USN RET

FORMER CEO, CONSULTANT

Staff

$165K

6 hrs/wk

Independent contractors

BOOKS INTERNATIONAL INC

BOOK WAREHOUSING & FULFILLMENT

$556K

SHERIDAN KENTUCKY

BOOK PRINTING

$377K

LSC COMMUNICATIONS LLC

PERIODICAL PRINTING & SHIPPING

$306K

UNLEASHED TECHNOLOGIES LLC

IT SERVICES

$279K

BLANK ROME LLP

LEGAL SERVICES

$201K

Grants received

Showing 45 of 45

FromAmountPurposeYear
$3.3M
TO ADVANCE PROFESSIONAL, LITERARY, AND SCIENTIFIC UNDERSTANDING OF SEA POWER.
2024
$105K
MEDICAL / PUBLIC SERVICES
2024
$100K
UNRESTRICTED GENERAL SUPPORT
2024
$1K
General & Unrestricted
2024
$3.5M
TO ADVANCE PROFESSIONAL, LITERARY, AND SCIENTIFIC UNDERSTANDING OF SEA POWER.
2023
$164K
PUBLIC, SOCIETAL BENEFIT
2023
$122K
For grant recipient's exempt purposes
2023
$50K
UNRESTRICTED GENERAL SUPPORT
2023
$20K
GENERAL OPERATING SUPPORT
2023
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$7K
General support for programs, operations and other charitable purposes
2023
$4.1M
TO ADVANCE PROFESSIONAL, LITERARY, AND SCIENTIFIC UNDERSTANDING OF SEA POWER.
2022
$692K
INVESTMENT ACCOUNT TRANSFER IN ACCORDANCE WITH MERGER AGREEMENT
2022
$161K
PUBLIC, SOCIETAL BENEFIT
2022
$30K
For grant recipient's exempt purposes
2022
$20K
GENERAL OPERATING SUPPORT
2022
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$4K
MATCHING GIFT PROGRAM - FOR GENERAL SUPPORT OF ITS MISSION
2022
$14.0M
TO ADVANCE PROFESSIONAL, LITERARY, AND SCIENTIFIC UNDERSTANDING OF SEA POWER.
2021
$63K
PUBLIC, SOCIETAL BENEFIT
2021
$20K
For recipient's exempt purpose
2021
$1K
ADVANCE KNOWLEDGE IN THE ART OF NAVAL & MARITIME INTELLIGENCE
2021
$17.5M
ADVANCEMENT OF KNOWLEDGE OF SEA POWER.
2020
$1.0M
For grant recipient's exempt purposes
2020
$60K
MEDICAL / PUBLIC SERVICES
2020
$60K
IN SUPPORT OF RF DONATIONS TO CHARITABLE ORGANIZATIONS
2020
$20K
GENERAL OPERATING SUPPORT
2020
$15K
PUBLIC, SOCIETAL BENEFIT
2020
$13K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$10K
TO SUPPORT JACK C TAYLOR CONFERENCE CENTER
2020
$7.0M
ADVANCEMENT OF KNOWLEDGE OF SEA POWER.
2019
$82K
PUBLIC, SOCIETAL BENEFIT
2019
$52K
PUBLIC SERVICES
2019
$5.5M
ADVANCEMENT OF KNOWLEDGE OF SEA POWER.
2018
$27K
PUBLIC, SOCIETAL BENEFIT
2018
$14K
GENERAL SUPPORT
2018
$36K
SOCIAL SERVICES/SOCIAL BENEFITS
2017
$25K
PUBLIC, SOCIETAL BENEFIT
2017

Funded by

$58.1M from 15 funders · 45 grants · 2017–2024

The Naval Institute Foundation Inc

$54.8M · 7 grants · 2018–2024

Fidelity Investments Charitable Gift Fund

$1.2M · 3 grants · 2020–2023

Naval Historical Foundation

$692K · 1 grant · 2022

Donor Advised Charitable Giving Inc

$547K · 7 grants · 2017–2023

Gs Donor Advised Philanthropy Fund

$266K · 5 grants · 2018–2024

Morgan Stanley Global Impact Funding Trust Inc

$150K · 2 grants · 2023–2024

American Online Giving Foundation Inc

$141K · 3 grants · 2020–2022

National Philanthropic Trust

$65K · 3 grants · 2017–2021

Details

EIN520643040
Subsection03
Ruling date1942-09
Formed1942
Employees75
Volunteers25
UNITED STATES NAVAL INSTITUTE — Mission, Financials & Grants Received | Grantivo