THE NAVAL INSTITUTE FOUNDATION INC

Address
291 WOOD ROAD
ANNAPOLIS, MD 214025034
Contact
Website: http://www.usni.org
Phone: +1 (410) 268-6110
Nonprofit
NTEE: T11 - Single Organization Support
EIN: 52-1814344

Mission

THE NAVAL INSTITUTE FOUNDATION WAS ORGANIZED TO OPERATE EXCLUSIVELY TO RAISE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES TO FURTHER THE MISSION AND POLICIES OF THE UNITED STATES NAVAL INSTITUTE.
 20172016201520142013
Basic features of the organization
Year of formation1992
Subsection code03
PF filing required0    
Metropolitan statistical area8872
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$332,123.00    
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers97666
Number of highly compensated contractors00000
Personnel
Brown, Nancy
Title    DIRECTOR
Name of key/compensated person    NANCY E BROWN
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    2.00
Daly, Peter
Title   CEO USNICEO USNI
Name of key/compensated person   PETER H DALYPETER H DALY
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   12.0012.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $9,144.00$8,844.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $269,893.00$241,400.00
Average hours per week working for related orgs   28.0028.00
England, Gordon
TitleTRUSTEECHAIRMAN, DIRECTORCHAIRMAN, DIRECTORCHAIRMAN, DIRECTORCHAIRMAN, DIRECTOR
Name of key/compensated personHONORABLE GORDON R ENGLANDHONORABLE GORDON R ENGLANDHONORABLE GORDON R ENGLANDHONORABLE GORDON R ENGLANDHONORABLE GORDON R ENGLAND
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.003.003.003.003.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs   0.000.00
GEN PETER PACE USMC RET
TitleCHAIRMAN, TRUSTEE    
Name of key/compensated personGEN PETER PACE USMC RET    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Gregson, Wallace
Title    DIRECTOR
Name of key/compensated person    WALLACE C GREGSON
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    1.00
Hasslinger, Karl
Title    DIRECTOR
Name of key/compensated person    KARL HASSLINGER
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    1.00
Johnson, Robert
TitleCFO, TREASURER, END MAY 2017TREASURERTREASURERTREASURERTREASURER
Name of key/compensated personROBERT G JOHNSONROBERT G JOHNSONROBERT G JOHNSONROBERT G JOHNSONROBERT G JOHNSON
Position of compensated person
Average hours per week working for org10.0010.0010.0010.0010.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$3,368.00$18,863.00$17,845.00$16,255.00$15,907.00
Corresponding comp from related orgs
Reportable compensation from related orgs $78,016.00$178,344.00$169,406.00$151,091.00$137,192.00
Average hours per week working for related orgs30.0030.0030.0030.0030.00
London, J
Title    DIRECTOR
Name of key/compensated person    J PHILLIP LONDON
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    1.00
Lord, Ellen
TitleTRUSTEE, END JULY 2017DIRECTOR   
Name of key/compensated personELLEN M LORDELLEN M LORD   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
McAlexander, Kirk
TitleCOO, SECRETARY, TRUSTEECOOCOOCOOCOO
Name of key/compensated personKIRK MCALEXANDERKIRK MCALEXANDERKIRK MCALEXANDERKIRK MCALEXANDERKIRK MCALEXANDER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org35.0035.0035.0035.0035.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$27,570.00$16,422.00$15,559.00$12,134.00$9,253.00
Corresponding comp from related orgs
Reportable compensation from related orgs $179,620.00$176,034.00$152,763.00$146,270.00$114,740.00
Average hours per week working for related orgs5.005.005.005.005.00
Musser, W
Title   VICE-CHAIRMAN, DIRECTORVICE-CHAIRMAN,DIRECTOR
Name of key/compensated person   MR W TOM MUSSERMR W TOM MUSSER
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   2.002.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Patton, Vincent
Title    DIRECTOR
Name of key/compensated person    VINCENT W PATTON
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    1.00
Ret, Dan
TitleTRUSTEEDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personRADM DAN BOWLER USN RETRADM DAN BOWLER USN RETRADM DAN BOWLER USN RETRADM DAN BOWLER USN RETRADM DAN BOWLER USN RET
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs1.001.001.001.001.00
Ret, Dirk
Title    DIRECTOR
Name of key/compensated person    VADM DIRK DEBBINK USNR RET
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    1.00
Ret, Gregory
TitleTRUSTEEDIRECTORDIRECTOR  
Name of key/compensated personCDR GREGORY E GLAROS USN RETCDR GREGORY E GLAROS USN RETCDR GREGORY E GLAROS USN RET  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org2.002.002.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Ret, Kendall
Title   DIRECTORDIRECTOR
Name of key/compensated person   RADM KENDALL PEASE USN RETRADM KENDALL PEASE USN RET
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   2.002.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Ret, Kendell
TitleTRUSTEEDIRECTORDIRECTOR  
Name of key/compensated personRADM KENDELL PEASE USN RETRADM KENDELL PEASE USN RETRADM KENDELL PEASE USN RET  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org2.002.002.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Ret, Timothy
Title    DIRECTOR
Name of key/compensated person    ADM TIMOTHY J KEATING USN RET
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    1.00
Stavridis, James
Title    DIRECTOR
Name of key/compensated person    ADM JAMES G STAVRIDIS
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    3.00
VADM PETER H DALY USN RET
TitleCEOCEO USNICEO USNI  
Name of key/compensated personVADM PETER H DALY USN RETVADM PETER H DALY USN RETVADM PETER H DALY USN RET  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org12.0012.0012.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$25,584.00$9,559.00$9,642.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $362,918.00$387,087.00$333,553.00  
Average hours per week working for related orgs28.0028.0028.00  
Wallen, Douglas
TitleCFO, TREASURER    
Name of key/compensated personDOUGLAS WALLEN    
Position of compensated person
Average hours per week working for org5.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$12,342.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $99,130.00    
Average hours per week working for related orgs35.00    
Waters, Stephen
TitleTRUSTEEDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personMR STEPHEN M WATERSMR STEPHEN M WATERSMR STEPHEN M WATERSMR STEPHEN M WATERSMR STEPHEN M WATERS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs   0.000.00
Wiseman, Michael
TitleVICE-CHAIRMAN, TRUSTEEVICE-CHAIRMAN, DIRECTORVICE-CHAIRMAN, DIRECTORDIRECTORDIRECTOR
Name of key/compensated personMICHAEL M WISEMAN ESQMICHAEL M WISEMAN ESQMICHAEL M WISEMAN ESQMICHAEL M WISEMAN ESQMICHAEL M WISEMAN ESQ
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs   0.000.00
van Hook, Gordan
Title    DIRECTOR
Name of key/compensated person    GORDAN VAN HOOK
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    1.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesORGANIZED TO RAISE FUNDS AND FURTHER THE MISSION OF THE UNITED STATES NAVAL INSTITUTE (USNI).ORGANIZED TO RAISE FUNDS AND FURTHER THE MISSION OF THE UNITED STATES NAVAL INSTITUTE (USNI).THE NAVAL INSTITUTE FOUNDATION, INC. WAS ORGANIZED TO OPERATE EXCLUSIVELY TO RAISE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES TO FURTHER THE MISSION AND POLICIES OF THE UNITED STATES NAVAL INSTITUTE (USNI).THE NAVAL INSTITUTE FOUNDATION, INC. WAS ORGANIZED TO OPERATE EXCLUSIVELY TO RAISE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES TO FURTHER THE MISSION AND POLICIES OF THE UNITED STATES NAVAL INSTITUTE (USNI).THE NAVAL INSTITUTE FOUNDATION, INC. WAS ORGANIZED TO OPERATE EXCLUSIVELY TO RAISE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES TO FURTHER THE MISSION AND POLICIES OF THE UNITED STATES NAVAL INSTITUTE (USNI).
Program service expenses, total$6,861,040.00$6,908,487.00$3,893,263.00$2,127,438.00$2,526,418.00
Programs, including revenue & expenses
THE FOUNDATION RAISED FUNDS TO SUPPORT THE ACTIVITIES OF THE UNITED STATES NAVAL INSTITUTE. THIS ORGANIZATION IS A SEC. 509(A)(3) SUPPORTING ORGANIZATION. MISSION: PROVIDE AN INDEPENDENT FORUM FOR THOSE WHO DARE TO READ, THINK, SPEAK AND WRITE TO ADVANCE THE PROFESSIONAL, LITERARY, AND SCIENTIFIC UNDERSTANDING OF SEA POWER AND OTHER ISSUES CRITICAL TO GLOBAL SECURITY.VISION: GIVING VOICE TO THOSE WHO SEEK THE FINEST NAVY, MARINE CORPS, AND COAST GUARD.
Program expenses$6,861,040.00$6,908,487.00$3,893,263.00$2,127,438.00$2,526,418.00
Grants and allocations made$6,861,040.00$6,908,487.00$3,893,263.00$2,127,438.00$2,526,418.00
Program descriptionTHE FOUNDATION RAISED FUNDS TO SUPPORT THE ACTIVITIES OF THE UNITED STATES NAVAL INSTITUTE. THIS ORGANIZATION IS A SEC. 509(A)(3) SUPPORTING ORGANIZATION. MISSION: PROVIDE AN INDEPENDENT FORUM FOR THOSE WHO DARE TO READ, THINK, SPEAK AND WRITE TO ADVANCE THE PROFESSIONAL, LITERARY, AND SCIENTIFIC UNDERSTANDING OF SEA POWER AND OTHER ISSUES CRITICAL TO GLOBAL SECURITY.VISION: GIVING VOICE TO THOSE WHO SEEK THE FINEST NAVY, MARINE CORPS, AND COAST GUARD.THE FOUNDATION RAISED FUNDS TO SUPPORT THE ACTIVITIES OF THE UNITED STATES NAVAL INSTITUTE. THIS ORGANIZATION IS A SEC. 509(A)(3) SUPPORTING ORGANIZATION. MISSION: PROVIDE AN INDEPENDENT FORUM FOR THOSE WHO DARE TO READ, THINK, SPEAK AND WRITE TO ADVANCE THE PROFESSIONAL, LITERARY, AND SCIENTIFIC UNDERSTANDING OF SEA POWER AND OTHER ISSUES CRITICAL TO GLOBAL SECURITY.VISION: GIVING VOICE TO THOSE WHO SEEK THE FINEST NAVY, MARINE CORPS, AND COAST GUARD.THE FOUNDATION RAISED FUNDS TO SUPPORT THE ACTIVITIES OF THE UNITED STATES NAVAL INSTITUTE. THIS ORGANIZATION IS A SEC. 509(A)(3) SUPPORTING ORGANIZATION.THE FOUNDATION RAISED FUNDS TO SUPPORT THE ACTIVITIES OF THE UNITED STATES NAVAL INSTITUTE. THIS ORGANIZATION IS A SEC. 509(A)(3) SUPPORTING ORGANIZATION.THE FOUNDATION RAISED FUNDS TO SUPPORT THE ACTIVITIES OF THE UNITED STATES NAVAL INSTITUTE. THIS ORGANIZATION IS A SEC. 509(A)(3) SUPPORTING ORGANIZATION.
Financial data
Revenue
Total revenue$6,625,717.00$5,476,889.00$5,897,045.00$4,154,958.00$2,740,235.00
Revenue from contributions (total)$6,319,912.00$5,363,197.00$5,728,656.00$4,063,017.00$2,217,007.00
Revenue from noncash contributions$493,945.00$1,339,175.00$206,592.00$1,097,320.00$185,346.00
Investment income, current yr$305,805.00$113,692.00$168,389.00$91,941.00$523,228.00
Total revenue from grants, etc., current yr$6,319,912.00$5,363,197.00$5,728,656.00$4,063,017.00$2,217,007.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$0.00$0.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)  $0.00$0.00$0.00
Gross receipts$6,625,717.00$5,476,889.00$5,897,045.00$4,154,958.00$3,021,546.00
Sources of contributions
Revenue from all other contributions$6,319,912.00$5,363,197.00$5,728,656.00$4,063,017.00$2,217,007.00
Other types of revenue
Income from dividends, interest, and similar investments$305,805.00$113,692.00$168,389.00$91,941.00$101,021.00
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$8,295,643.00$8,201,930.00$4,822,966.00$2,903,252.00$3,237,576.00
Total functional expenses: program service $6,861,040.00$6,908,487.00$3,893,263.00$2,127,438.00$2,526,418.00
Total functional expenses: management and general$314,988.00$469,788.00$238,673.00$138,624.00$145,943.00
Total functional expenses: fundraising$1,119,615.00$823,655.00$691,030.00$637,190.00$565,215.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)$21,289.00$31,237.00$12,412.00$5,115.00$5,626.00
Assets and liabilities
Total assets$10,657,042.00$11,923,136.00$13,822,494.00$12,774,858.00$11,521,021.00
Total assets, beginning of year$11,923,136.00$13,822,494.00$12,774,858.00$11,521,021.00$11,431,066.00
Total liabilities$0.00$0.00$0.00$0.00$0.00
Total liabilities, beginning of year$0.00$0.00$0.00$0.00$1,645.00
Pledges & accounts receivable, net$1,042,152.00$990,513.00$734,536.00$709,786.00$45,665.00
Unrestricted net assets, end of yr$4,730,003.00$6,443,836.00$10,981,639.00$9,430,043.00$8,800,246.00
Temporarily restricted net assets$4,867,388.00$4,411,198.00$1,772,753.00$2,276,713.00$1,652,673.00
Permanently restricted net assets, end of yr$1,059,651.00$1,068,102.00$1,068,102.00$1,068,102.00$1,068,102.00
Net assets$10,657,042.00$11,923,136.00$13,822,494.00$12,774,858.00$11,521,021.00
Net assets, beginning of year$11,923,136.00$13,822,494.00$12,774,858.00$11,521,021.00$11,429,421.00
Other liabilities    $0.00
Other assets$503,405.00$2,345,358.00$3,523,704.00$4,318,386.00$4,182,921.00
Investments: other securities $5,514,531.00$7,173,046.00$5,366,159.00$4,815,126.00
Investments: publicly traded securities$7,497,886.00$2,559,062.00$1,998,940.00$1,750,973.00$1,769,216.00
Cash: non-interest bearing$1,589,830.00$483,626.00$354,361.00  
Cash: non-interest bearing, beginning of year$483,626.00$354,361.00$579,902.00  
Other financial variables
Revenue less expenses-$1,669,926.00-$2,725,041.00$1,074,079.00$1,251,706.00-$497,341.00
Advertising (total) $44,803.00$36,971.00  
Savings & temp cash investment   $579,902.00$708,093.00
Prepaid expenses & deferred charges$23,769.00$30,046.00$37,907.00$49,652.00 
Total net assets or fund balances$10,657,042.00$11,923,136.00$13,822,494.00$12,774,858.00$11,521,021.00
Depreciation, depletion, amortization $35,376.00$29,329.00$29,916.00$40,908.00
Governance and accountability
Number of voting members109888
Number of independent voting members87666
Financial sheets auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrue TrueTrue 
Audited on both consolidated and separate basis True  True
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-09-062017-09-012016-08-292015-07-222014-09-16
IRS schema version2017v2.22016v3.02015v2.12014v5.02013v3.0
Filing identifier201841309349302464201721239349300702201631159349300403201510999349300006201421089349300307
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