Totals
- Total revenue
- $290,370
- Total expenses
- $109,671
- Contributions and grants received
- $100,235
- Grants paid
- $50,000
- Program service revenue
- $0
- Investment income
- $190,135
- Other revenue
- $0
- Total assets, end of year
- $4,006,891
- Total liabilities, end of year
- $7,774
- Net assets or fund balances, end of year
- $3,999,117
- Program services expenses (Part IX)
- $53,000
- Management and general expenses
- $56,671
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $53,000
Program services were 48.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$100,235
-
3 · Investment income
total $111,074 · excluded $111,074
-
7a · Gross sales of assets other than inventory
securities $136,852
-
7b · Less cost or other basis and sales expenses
securities $57,791
-
7c · Gain or loss
securities $79,061
-
7d · Net gain or loss
total $79,061 · excluded $79,061
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $50,000 · program services $50,000
-
11c · Fees: accounting
total $8,799 · management and general $8,799
-
11f · Fees: investment management
total $18,625 · management and general $18,625
-
11g · Fees: other
total $30,000 · program services $3,000 · management and general $27,000
-
23 · Insurance
total $2,011 · management and general $2,011
-
24a · Other expenses: BANK CHARGES
total $236 · management and general $236
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $50,155 · end of year $133,342
-
9 · Prepaid expenses and deferred charges
beginning of year $2,011
-
11 · Investments: publicly traded securities
beginning of year $2,176,539 · end of year $2,259,552
-
12 · Investments: other securities
beginning of year $1,448,802 · end of year $1,583,564
-
15 · Other assets
end of year $30,433
-
17 · Accounts payable and accrued expenses
beginning of year $4,750 · end of year $7,774
-
25 · Other liabilities
beginning of year $18,835 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $875,742 · end of year $1,074,087
-
28 · Net assets with donor restrictions
beginning of year $2,778,180 · end of year $2,925,030
Mission and programs · 2024
Mission
THE MISSION OF THE NAVY LEAGUE FOUNDATION IS TO SUPPORT EDUCATIONAL, ADVOCACY, AND RELATED PROGRAMS THAT BENEFIT THE MEN AND WOMEN OF THE US SEA SERVICES AND THEIR FAMILIES. THE FOUNDATION IS RESPONSIBLE FOR THE MANAGEMENT OF THE NAVY LEAGUE FOUNDATION SCHOLARSHIP PROGRAM AND ALLOCATION OF OTHER FUNDS DONATED TO THE FOUNDATION FOR CHARITABLE OR EDUCATIONAL PURPOSES.
Activities or mission (Part I)
THE MISSION OF THE NAVY LEAGUE FOUNDATION IS TO SUPPORT EDUCATIONAL, ADVOCACY, AND RELATED PROGRAMS THAT BENEFIT MEN AND WOMEN OF THE US SEA SERVICES AND THEIR FAMILIES. THE FOUNDATION IS RESPONSIBLE FOR THE MANAGEMENT OF THE NAVY LEAGUE FOUNDATION SCHOLARSHIP PROGRAM AND ALLOCATION OF OTHER FUNDS DONATED TO THE FOUNDATION FOR CHARITABLE OR EDUCATIONAL PURPOSES.
-
SCHOLARSHIPS-PROVIDE COLLEGE SCHOLARSHIPS TO DEPENDENTS OR DESCENDENTS OF U.S. NAVY, U.S. MARINE CORPS, U.S. COAST GUARD AND U.S.-FLAGGED MERCHANT MARINE PERSONNEL. APPLICANTS MUST BE A GRADUATING HIGH SCHOOL SENIOR WHO WILL BE ENTERING THEIR FIRST YEAR OF AN ACCREDITED FOUR YEAR COLLEGE OR UNIVERSITY.
Expenses $53,000 · Grants $50,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Jennifer LondonDR JENNIFER LONDON
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Berkley TerryBERKLEY TERRY
NATIONAL CORPORATE SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mark McDonaldMARK MCDONALD
NATIONAL TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lynn AtkinsonLYNN ATKINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Louis LiottiLOUIS LIOTTI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Matthew NoltyMATTHEW NOLTY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ward CookWARD COOK
TRUSTEE (THRU 12/24/24)
- Total calculated
- $0
- Hours/week
- 1
-
Michael StevensMICHAEL STEVENS
NLUS CEO
- Total calculated
- $409,376
- From this org
- $0
- From related orgs
- $379,128
- Other
- $30,248
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $302,131 related
- Bonus
- $0 + $75,000 related
- Other
- $0 + $1,997 related
- Deferred
- $0 + $27,290 related
- Nontaxable benefits
- $0 + $2,958 related
- Filer's total
- $0 + $409,376 related
-
Ryan DonaldsonRYAN DONALDSON
NLUS COO
- Total calculated
- $280,308
- From this org
- $0
- From related orgs
- $239,518
- Other
- $40,790
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $189,346 related
- Bonus
- $0 + $50,000 related
- Other
- $0 + $172 related
- Deferred
- $0 + $16,051 related
- Nontaxable benefits
- $0 + $24,739 related
- Filer's total
- $0 + $280,308 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NAVY LEAGUE OF THE UNITED STATES
501(C)(3) · SUPPORT OF SEA SERVICES · NY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513079349301946
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.