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Nonprofiteer
← NAVAL POSTGRADUATE SCHOOL FOUNDATION INC

Form 990 for tax year 2024

Filed by NAVAL POSTGRADUATE SCHOOL FOUNDATION INC.

Totals

Total revenue
$16,867,458
Total expenses
$8,157,734
Contributions and grants received
$16,308,792
Grants paid
$343,758
Program service revenue
$0
Investment income
$896,559
Other revenue
-$337,893
Total assets, end of year
$31,433,982
Total liabilities, end of year
$3,340,356
Net assets or fund balances, end of year
$28,093,626
Program services expenses (Part IX)
$6,946,354
Management and general expenses
$732,388
Fundraising expenses
$478,992
Program service expenses (Part III)
$6,946,354

Program services were 85.2% 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.

  • 1c · Fundraising events

    $2,215,442

  • 1e · Government grants (contributions)

    $26,000

  • 1f · All other contributions, gifts and grants

    $14,067,350

  • 1g · Noncash contributions included above

    $315,135

  • 3 · Investment income

    total $794,742 · excluded $794,742

  • 7a · Gross sales of assets other than inventory

    securities $1,505,723

  • 7b · Less cost or other basis and sales expenses

    securities $1,403,906

  • 7c · Gain or loss

    securities $101,817

  • 7d · Net gain or loss

    total $101,817 · excluded $101,817

  • 8a · Fundraising events: gross income

    $700,860

  • 8a · Fundraising events: contributions included on line 1c

    $2,215,442

  • 8b · Fundraising events: direct expenses

    $1,083,352

  • 8c · Net income from fundraising events

    total -$382,492 · excluded -$382,492

  • 10a · Gross sales of inventory

    $181,254

  • 10b · Cost of goods sold

    $156,866

  • 10c · Net income from sales of inventory

    total $24,388 · excluded $24,388

  • 11a · Other revenue: CREDIT CARD REWARDS

    total $20,211 · excluded $20,211

  • 11e · Other revenue, total

    $20,211

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,263 · program services $21,263

  • 2 · Grants to domestic individuals

    total $322,495 · program services $322,495

  • 5 · Compensation of officers, directors and key employees

    total $361,004 · program services $306,853 · management and general $18,050 · fundraising $36,101

  • 7 · Other salaries and wages

    total $1,364,151 · program services $1,061,378 · management and general $135,751 · fundraising $167,022

  • 8 · Pension plan contributions

    total $60,434 · program services $44,308 · management and general $6,849 · fundraising $9,277

  • 9 · Other employee benefits

    total $126,850 · program services $74,575 · management and general $15,735 · fundraising $36,540

  • 10 · Payroll taxes

    total $114,444 · program services $88,149 · management and general $11,105 · fundraising $15,190

  • 11f · Fees: investment management

    total $34,759 · management and general $34,759

  • 11g · Fees: other

    total $254,305 · program services $34,674 · management and general $206,122 · fundraising $13,509

  • 12 · Advertising and promotion

    total $2,400 · management and general $2,400

  • 13 · Office expenses

    total $45,533 · program services $19,752 · management and general $20,793 · fundraising $4,988

  • 14 · Information technology

    total $1,024,222 · program services $961,956 · management and general $26,545 · fundraising $35,721

  • 16 · Occupancy

    total $4,157 · management and general $4,157

  • 17 · Travel

    total $76,887 · program services $32,752 · fundraising $44,135

  • 22 · Depreciation, depletion and amortization

    total $183,456 · management and general $183,456

  • 23 · Insurance

    total $1,117 · program services $1,117

  • 24a · Other expenses: SCHOOL FUNDING EXPENSE

    total $3,506,201 · program services $3,506,201

  • 24b · Other expenses: ALUMNI ASSOCIATION

    total $190,913 · program services $190,913

  • 24c · Other expenses: CLUB EXPENSE

    total $164,725 · program services $164,725

  • 24d · Other expenses: MEMBERSHIP OUTREACH

    total $54,653 · program services $54,653

  • 24e · All other expenses

    total $243,765 · program services $60,590 · management and general $66,666 · fundraising $116,509

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,260,238 · end of year $372,936

  • 2 · Savings and temporary cash investments

    beginning of year $26,175 · end of year $206,113

  • 3 · Pledges and grants receivable

    beginning of year $7,360,021 · end of year $6,028,578

  • 4 · Accounts receivable

    beginning of year $412,216 · end of year $1,502,483

  • 8 · Inventories for sale or use

    beginning of year $76,792 · end of year $71,101

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $127,323

  • 10a · Land, buildings and equipment: cost or other basis

    $2,439,586

  • 10b · Land, buildings and equipment: accumulated depreciation

    $251,952

  • 10c · Land, buildings and equipment, net

    beginning of year $1,795,950 · end of year $2,187,634

  • 12 · Investments: other securities

    beginning of year $8,881,897 · end of year $20,937,814

  • 17 · Accounts payable and accrued expenses

    beginning of year $479,847 · end of year $3,132,356

  • 19 · Deferred revenue

    beginning of year $448,000 · end of year $208,000

  • 27 · Net assets without donor restrictions

    beginning of year $6,739,101 · end of year $6,925,511

  • 28 · Net assets with donor restrictions

    beginning of year $12,146,341 · end of year $21,168,115

Mission and programs · 2024

Mission

OUR MISSION IS TO SUPPORT THE NAVAL POSTGRADUATE SCHOOL BY PROVIDING FUNDING AND PROGRAMMATIC SUPPORT FOR EDUCATION, RESEARCH, TECHNOLOGY DEVELOPMENT, INSTITUTIONAL INITIATIVES, AND COMMUNITY PROGRAMS THAT ADVANCE NATIONAL SECURITY AND SERVE NPS' MILITARY STUDENTS AND ALUMNI.

Activities or mission (Part I)

TO SUPPORT, PROMOTE AND ADVANCE THE MISSION OF THE NAVAL POSTGRADUATE SCHOOL.

  • THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS THE PEOPLE OF THE NAVAL POSTGRADUATE SCHOOL, INCLUDING ACTIVE-DUTY STUDENTS, THEIR FAMILIES, FACULTY, STAFF, AND ALUMNI. THESE PROGRAMS STRENGTHEN QUALITY OF LIFE, COMMUNITY CONNECTION, AND CONTINUITY FOR SERVICE MEMBERS AND FAMILIES DURING RIGOROUS GRADUATE EDUCATION AND CONTINUED SERVICE.PEOPLE:THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS THE 2,500+ ACTIVE-DUTY STUDENTS AND THEIR FAMILIES AT THE NAVAL POSTGRADUATE SCHOOL, ALONG WITH NEARLY 1,000 FACULTY, STAFF MEMBERS, AND 60,000+ ALUMNI MAKING UP THE NPS COMMUNITY. THE NPS STUDENT BODY CONSISTS OF 88% ACTIVE-DUTY SERVICE MEMBERS FROM ACROSS THE U.S. ARMED SERVICES, ALONG WITH OVER 200 INTERNATIONAL STUDENTS FROM APPROXIMATELY 50 PARTNER NATIONS.THE NPS FOUNDATION SUPPORTS PROGRAMS THAT IMPROVE QUALITY OF LIFE FOR NPS STUDENTS AND THEIR FAMILIES, HELPING THEM BUILD COMMUNITY, RELATIONSHIPS AND STRENGTHEN THE FAMILY UNIT DURING THEIR TIME IN MONTEREY. DURING FY 24-25, THE FOUNDATION SUPPORTED 20 RECREATION AND AFFINITY CLUBS WITHIN THE NPS COMMUNITY. APPROXIMATELY 1,000 NPS COMMUNITY MEMBERS, INCLUDING STUDENTS, FACULTY, STAFF, AND FAMILY MEMBERS, PARTICIPATE IN THESE CLUBS AT NO COST. CLUB ACTIVITIES SPAN A WIDE RANGE OF INTERESTS, INCLUDING CHESS, CYBER, CYCLING, DRONES, ENTREPRENEURSHIP, FLYING, GOLF, INTERNATIONAL AND LANGUAGE CIRCLES, MAKERS, MOTORCYCLE, RUNNING, SAILING, SKYDIVING, SOCCER, VEHICLES AND WINE. THESE CLUBS PROVIDE OPPORTUNITIES FOR LEADERSHIP DEVELOPMENT, SKILL-BUILDING AND COMMUNITY CONNECTION.THE NPS FOUNDATION ALSO OPERATES THE NPS ALUMNI ASSOCIATION, WHICH SUPPORTS LOCAL, REGIONAL AND INTERNATIONAL ALUMNI ENGAGEMENT. ALUMNI PROGRAMS INCLUDE NETWORKING EVENTS, PROFESSIONAL DEVELOPMENT OPPORTUNITIES AND ONGOING COMMUNICATIONS THAT HELP MAINTAIN LONG-TERM CONNECTION TO NPS. IN FY 24-25, THE FOUNDATION SUPPORTED ALUMNI PROGRAMS, MEMBERSHIP SERVICES AND ENGAGEMENT ACTIVITIES SERVING A DIVERSE ALUMNI POPULATION THAT INCLUDES MORE THAN 10,000 ACTIVE MEMBERS.

    Expenses $529,557 · Grants $322,495

  • THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS APPLIED RESEARCH AND EDUCATION AT THE NAVAL POSTGRADUATE SCHOOL BY PROVIDING FUNDING FOR RESEARCH TOOLS, GRANTS, FELLOWSHIPS, AND AWARDS ALIGNED WITH NATIONAL SECURITY PRIORITIES. THESE INVESTMENTS SUPPORT INTERDISCIPLINARY COLLABORATION AND STUDENT AND FACULTY RESEARCH ADDRESSING OPERATIONAL CHALLENGES.RESEARCH:THE NPS FOUNDATION SUPPORTS APPLIED RESEARCH AND EDUCATION AT THE NAVAL POSTGRADUATE SCHOOL BY PROVIDING FLEXIBLE FUNDING FOR RESEARCH TOOLS, GRANTS, FELLOWSHIPS AND AWARDS ALIGNED WITH NATIONAL SECURITY PRIORITIES. THESE INVESTMENTS SUPPORT INTERDISCIPLINARY COLLABORATION AND ENABLE STUDENTS AND FACULTY TO PURSUE RESEARCH ADDRESSING OPERATIONAL CHALLENGES.A CENTRAL COMPONENT OF THE FOUNDATION'S RESEARCH SUPPORT IS ATHENA, A DEFENSE-FOCUSED RESEARCH DISCOVERY AND COLLABORATION PLATFORM DEVELOPED AND OPERATED BY THE FOUNDATION. ATHENA ENABLES RESEARCHERS, SPONSORS AND LEADERS ACROSS NPS, THE NAVAL EDUCATION ENTERPRISE AND THE LARGER NAVY AND JOINT FORCE TO IDENTIFY, ACCESS AND ANALYZE RESEARCH ACTIVITY USING TOPICS OF INTEREST, SERVICE PRIORITIES AND OTHER FILTERS. THE PLATFORM SUPPORTS VISIBILITY ACROSS RESEARCH EFFORTS AND FACILITATES COLLABORATION AMONG STUDENTS, FACULTY AND EXTERNAL STAKEHOLDERS.

    Expenses $1,837,381

  • THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS INSTITUTIONAL INITIATIVES THAT STRENGTHEN THE NAVAL POSTGRADUATE SCHOOL'S LONG-TERM CAPACITY TO EDUCATE NATIONAL SECURITY LEADERS AND CONDUCT APPLIED RESEARCH AND SOLUTION DEVELOPMENT FOR THE NAVAL AND JOINT FORCE. IN FY 24-25, THESE EFFORTS INCLUDED PLANNING AND DEVELOPMENT OF THE NAVAL INNOVATION CENTER AT NPS, INVESTMENTS IN ON-CAMPUS LABORATORIES, SECURE AND CLASSIFIED SPACES AND INFRASTRUCTURE, AND EVENTS THAT SUPPORT INDUSTRY AND GOVERNMENT PARTNERSHIP. INSTITUTION:THE NPS FOUNDATION SUPPORTS INSTITUTIONAL INITIATIVES THAT STRENGTHEN THE NAVAL POSTGRADUATE SCHOOL'S LONG-TERM CAPACITY TO EDUCATE, RESEARCH, AND DEVELOP SOLUTIONS FOR THE NAVAL AND JOINT FORCE. THESE EFFORTS FOCUS ON FACILITIES, INFRASTRUCTURE, PARTNERSHIPS, AND INSTITUTIONAL ENGAGEMENT THAT SUPPORT SOLUTION DELIVERY AND APPLIED RESEARCH.IN FY 24-25, THE FOUNDATION SUPPORTED PLANNING, PARTNERSHIPS, AND INFRASTRUCTURE RELATED TO THE NAVAL INNOVATION CENTER AT NPS, A FUTURE FACILITY THAT WILL SERVE AS A HUB FOR COLLABORATION, EXPERIMENTATION, APPLIED RESEARCH, AND SOLUTION DEVELOPMENT FOR THE NAVAL AND JOINT FORCE.FY 24-25 ALSO INCLUDED PLANNING AND EXECUTION OF THE EMERGING TECHNOLOGY SHOWCASE, WHICH CONVENES STUDENTS, FACULTY, GOVERNMENT, AND INDUSTRY PARTNERS TO HIGHLIGHT APPLIED RESEARCH, FOSTER COLLABORATION, AND STRENGTHEN PATHWAYS FROM RESEARCH TO OPERATIONAL RELEVANCE.INSTITUTIONAL SUPPORT IN FY 24-25 ALSO INCLUDED INFRASTRUCTURE THAT ENABLES ADVANCED COMPUTING, MODELING, SIMULATION AND AI EDUCATION AND EXPERIMENTATION, AND FACILITY UPGRADES TO LABORATORIES, INCLUDING CLASSIFIED SPACES, AND STUDENT COLLABORATION SPACES. THESE INVESTMENTS STRENGTHEN NPS' CAPACITY TO INTEGRATE EMERGING TECHNOLOGIES INTO EDUCATION AND RESEARCH AND TO SUPPORT COLLABORATION AMONG GOVERNMENT, INDUSTRY AND ACADEMIC PARTNERS.

    Expenses $4,579,416 · Grants $21,263

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ANDREW PAUL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SUSAN BYRNE MONTGOMERY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SCOTT NEGRI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM O'DONNELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DANIEL OLIVER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LEONARD RIGGS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THOMAS PRESCOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID RICE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • NORM WESLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANDREW ROSENBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT SKINNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • HANS USLAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL MORGAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LISA LAPIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANTON MARANO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEVEN LERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARK KAUFMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT JAUNICH THRU 32025

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KAREN HARGROVE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHRIS FUSSELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RICHARD ELSTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAMES CAREY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KENNETH BEALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • HANK PLAIN

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • PAUL GREGORY

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • EVAN ALLEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • DAN LYNCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN MICEK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RICHARD PATTERSON

    CEO

    Total calculated
    $398,346
    From this org
    $270,746
    From related orgs
    $0
    Other
    $127,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,746
    Bonus
    $10,000
    Other
    $0
    Deferred
    $16,341
    Nontaxable benefits
    $111,259
    Filer's total
    $398,346

  • TODD LYONS

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $233,231
    From this org
    $219,604
    From related orgs
    $0
    Other
    $13,627
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,604
    Bonus
    $0
    Other
    $0
    Deferred
    $10,172
    Nontaxable benefits
    $3,455
    Filer's total
    $233,231

  • DEVIN SMILEY

    ATHENA PROGRAM MANAGER

    Total calculated
    $160,052
    From this org
    $147,832
    From related orgs
    $0
    Other
    $12,220
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,832
    Bonus
    $0
    Other
    $0
    Deferred
    $9,041
    Nontaxable benefits
    $3,179
    Filer's total
    $160,052

  • ALYSSA OLSON

    VP OF STRAT. INITIATIVES

    Total calculated
    $142,660
    From this org
    $118,747
    From related orgs
    $0
    Other
    $23,913
    Hours/week
    40

  • DESIREE DILLEHAY

    VP OF STRAT. ALLIANCE

    Total calculated
    $126,824
    From this org
    $118,550
    From related orgs
    $0
    Other
    $8,274
    Hours/week
    40

  • TIMOTHY HUGHES

    ATHENA SOFTWARE ENGINEER

    Total calculated
    $123,025
    From this org
    $115,632
    From related orgs
    $0
    Other
    $7,393
    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 · Compensation survey or study
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
DEVIN SMILEY RECEIVED A $25,000 SEVERANCE PAYMENT

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

Provenance

Return type
form_990
Tax year
2024
Filed
8 March 2026
IRS schema version
2024v5.5
Source object
202640829349300049

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