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Nonprofiteer
← US NAVY MEMORIAL FOUNDATION

Form 990 for tax year 2025

Filed by US NAVY MEMORIAL FOUNDATION.

Totals

Total revenue
$7,102,576
Total expenses
$6,586,006
Contributions and grants received
$5,408,023
Grants paid
$10,000
Program service revenue
$877,628
Investment income
$33,746
Other revenue
$783,179
Total assets, end of year
$9,951,923
Total liabilities, end of year
$6,793,539
Net assets or fund balances, end of year
$3,158,384
Program services expenses (Part IX)
$4,588,654
Management and general expenses
$473,310
Fundraising expenses
$1,524,042
Program service expenses (Part III)
$4,588,654

Program services were 69.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • VADM JOHN NOWELL JR USN RET

    PRESIDENT & CEO

    Total calculated
    $305,787
    From this org
    $294,924
    From related orgs
    $0
    Other
    $10,863
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,000
    Bonus
    $24,116
    Other
    $808
    Deferred
    $10,800
    Nontaxable benefits
    $63
    Filer's total
    $305,787

  • VADM CAROL POTTENGER USN RET

    ACTING CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MR JOHN BURKE

    TREASURER (THRU 11/25)

    Total calculated
    $0
    Hours/week
    1

  • CAPT MARTIN MENEZ USN RET

    TREASURER (FROM 12/25)

    Total calculated
    $0
    Hours/week
    1

  • RADM SAMUEL PEREZ JR USN RET

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MR JOHN BUSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RADM MARK BUZBY USN RET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR LAWRENCE DI RITA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RADM MARK HEINRICH USN RET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MCPON JAMES HERDT USN RET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR SEAN HOWARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR MATTHEW KIRTLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VADM LUKE MCCOLLUM USN RET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CDR WILLIAM NEWELL USN RET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR TIM PAYNTER

    DIRECTOR (FROM 09/25)

    Total calculated
    $0
    Hours/week
    1

  • MS GIAO PHAN

    DIRECTOR (FROM 04/25)

    Total calculated
    $0
    Hours/week
    1

  • LCDR MATTHEW PREVITS USN RET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR SCOTT SLOAN

    DIRECTOR (FROM 09/25)

    Total calculated
    $0
    Hours/week
    1

  • CAPT JON SPANER USCG RET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR VICTOR TRIONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MS JACQUELINE ARENDS

    DIRECTOR (THRU 09/25)

    Total calculated
    $0
    Hours/week
    1

  • MS JO DECKER

    DIRECTOR (THRU 09/25)

    Total calculated
    $0
    Hours/week
    1

  • MR THOMAS KUHN

    DIRECTOR (THRU 09/25)

    Total calculated
    $0
    Hours/week
    1

  • MR SCOTT D MATIRNE

    CFO

    Total calculated
    $180,600
    From this org
    $167,565
    From related orgs
    $0
    Other
    $13,035
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,546
    Bonus
    $26,019
    Other
    $0
    Deferred
    $5,662
    Nontaxable benefits
    $7,373
    Filer's total
    $180,600

  • CMDCM VICTOR SMITH USN RET

    VP OF PROGRAMS & EVENTS

    Total calculated
    $157,948
    From this org
    $152,389
    From related orgs
    $0
    Other
    $5,559
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,600
    Bonus
    $20,789
    Other
    $0
    Deferred
    $5,264
    Nontaxable benefits
    $295
    Filer's total
    $157,948

  • MR JESSIE D COTTER

    VP OF DEVELOPMENT

    Total calculated
    $159,105
    From this org
    $147,337
    From related orgs
    $0
    Other
    $11,768
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,000
    Bonus
    $12,337
    Other
    $0
    Deferred
    $5,400
    Nontaxable benefits
    $6,368
    Filer's total
    $159,105

  • MS TERESE WINEGAN

    DIRECTOR, SALES & EVENT OP

    Total calculated
    $128,466
    From this org
    $118,439
    From related orgs
    $0
    Other
    $10,027
    Hours/week
    40

  • CMDCM GLENDA ATWOOD USN RET

    DPT DIRECTOR, NATIONAL CHI

    Total calculated
    $118,853
    From this org
    $114,274
    From related orgs
    $0
    Other
    $4,579
    Hours/week
    40

  • MS NATALIE MORRONE

    DIRECTOR OF ENGAGEMENT

    Total calculated
    $115,060
    From this org
    $107,387
    From related orgs
    $0
    Other
    $7,673
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE PRESIDENT & CEO RECEIVED A BONUS DURING THE YEAR. THIS COMES AS A RECOMMENDATION FROM THE COMPENSATION COMMITTEE AND IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE CHIEF FINANCIAL OFFICER, VICE PRESIDENT OF PROGRAMS AND EVENTS, VICE PRESIDENT OF DEVELOPMENT, THE DEPUTY DIRECTOR OF NATIONAL CHIEF'S MESS, AND THE DIRECTOR OF SALES AND EVENT OPERATIONS, ALSO RECEIVED BONUSES DURING THE YEAR. THESE CAME AT THE DISCRETION OF THE PRESIDENT & CEO.

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.

Provenance

Return type
form_990
Tax year
2025
Filed
14 July 2026
IRS schema version
2025v4.2
Source object
202601989349301105

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