Totals
- Total revenue
- $2,649,943
- Total expenses
- $2,441,178
- Contributions and grants received
- $440,912
- Grants paid
- $0
- Program service revenue
- $2,115,730
- Investment income
- $88,348
- Other revenue
- $4,953
- Total assets, end of year
- $4,601,941
- Total liabilities, end of year
- $1,004,338
- Net assets or fund balances, end of year
- $3,597,603
- Program services expenses (Part IX)
- $2,097,319
- Management and general expenses
- $325,166
- Fundraising expenses
- $18,693
- Program service expenses (Part III)
- $2,097,319
Program services were 85.9% 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
$440,912
-
2a · Program service revenue: MEMBERSHIPS DUES ASSESSMENTS
total $620,588 · related or exempt $620,588
-
2b · Program service revenue: CONFERENCE SYMPOSIUMS
total $1,495,142 · related or exempt $1,495,142
-
3 · Investment income
total $106,229 · excluded $106,229
-
7a · Gross sales of assets other than inventory
securities $46,085
-
7b · Less cost or other basis and sales expenses
securities $63,966
-
7c · Gain or loss
securities -$17,881
-
7d · Net gain or loss
total -$17,881 · excluded -$17,881
-
11a · Other revenue: OTHER INCOME
total $4,953 · related or exempt $4,953
-
11e · Other revenue, total
$4,953
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $174,602 · program services $137,514 · management and general $36,496 · fundraising $592
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $758,531 · program services $597,407 · management and general $158,550 · fundraising $2,574
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $42,715 · program services $33,642 · management and general $8,928 · fundraising $145
-
10 · Payroll taxes
total $67,079 · program services $52,830 · management and general $14,021 · fundraising $228
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $44,798 · program services $14,033 · management and general $30,393 · fundraising $372
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $22,059 · management and general $22,059
-
11g · Fees: other
total $313,418 · program services $297,460 · management and general $10,157 · fundraising $5,801
-
12 · Advertising and promotion
total $12,214 · program services $12,214
-
13 · Office expenses
total $29,076 · program services $27,102 · management and general $1,921 · fundraising $53
-
14 · Information technology
total $52,195 · program services $30,665 · management and general $21,252 · fundraising $278
-
15 · Royalties
total $0
-
16 · Occupancy
total $26,765 · program services $17,819 · management and general $5,440 · fundraising $3,506
-
17 · Travel
total $65,626 · program services $65,499 · management and general $127
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $626,951 · program services $626,951
-
20 · Interest
total $471 · management and general $471
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $25,901 · program services $20,612 · management and general $5,167 · fundraising $122
-
23 · Insurance
total $10,028 · management and general $10,028
-
24a · Other expenses: CHAPTER SUPPORT
total $45,477 · program services $45,477
-
24b · Other expenses: MERCHANT BANK FEES
total $43,132 · program services $40,030 · management and general $25 · fundraising $3,077
-
24c · Other expenses: PRINTING AND POSTAGE
total $68,934 · program services $66,858 · management and general $131 · fundraising $1,945
-
24d · Other expenses: AWARDS
total $11,206 · program services $11,206
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $289,460 · end of year $372,426
-
4 · Accounts receivable
beginning of year $23,952 · end of year $75,368
-
9 · Prepaid expenses and deferred charges
beginning of year $2,874 · end of year $3,338
-
10a · Land, buildings and equipment: cost or other basis
$1,580,775
-
10b · Land, buildings and equipment: accumulated depreciation
$135,840
-
10c · Land, buildings and equipment, net
beginning of year $1,467,035 · end of year $1,444,935
-
11 · Investments: publicly traded securities
beginning of year $2,504,290 · end of year $2,705,874
-
17 · Accounts payable and accrued expenses
beginning of year $118,628 · end of year $96,394
-
19 · Deferred revenue
beginning of year $805,956 · end of year $907,944
-
23 · Secured mortgages and notes payable
beginning of year $49,741
-
27 · Net assets without donor restrictions
beginning of year $3,313,286 · end of year $3,597,603
Mission and programs · 2024
Mission
SEE SCHEDULE O
-
OTHER PROGRAMS INVOLVE BOTH STAFF AND INDIVIDUAL MEMBERS ACROSS THE COUNTRY. CHAPTERS NATIONWIDE RECEIVE ANNUAL STIPENDS EVERY NSL MEMBER IS AFFILIATED WITH A CHAPTER AND RECEIVES NEWS OF LOCAL CHAPTER MEETINGS AND OPPORTUNITIES TO PARTICIPATE IN PROMOTING THE MISSION OF THE NSL. ACTIVE-DUTY SUPPORT INCLUDES AWARDS, COMMISSIONING COMMITTEES, A MENTOR PROGRAM AND SUPPORT TO THE NROTC, SUB CLUBS, AND THE US NAVAL ACADEMY. COMMUNICATING WITH THE PUBLIC ABOUT THE IMPORTANCE OF SUBMARINES TO THE NATIONAL DEFENSE IS ACCOMPLISHED THROUGH INDUSTRY BRIEFS, SPEAKERS BUREAU, THE SUBMARINE REVIEW QUARTERLY MAGAZINE AND ONLINE ARCHIVE, AND THE NSL WEBSITE. THE HERITAGE OF THE SUBMARINE FORCE IS PRESERVED VIA DISTINGUISHED CIVILIAN AND SUBMARINER ANNUAL AWARDS, RECORDED INTERVIEWS, SUPPORT FOR SUBMARINE REUNIONS, AND THE DEVELOPMENT OF A LIBRARY AND RESOURCE CENTER.
Expenses $732,468 · Revenue $626,791
-
THE PURPOSE OF THE NSL ANNUAL SYMPOSIUM INDUSTRY UPDATE IS TO FACILITATE THE EXCHANGE OF BUSINESS, TECHNICAL, AND PROFESSIONAL INFORMATION RELEVANT TO SUBMARINES AND UNDERSEA WARFARE, INCLUDING UNMANNED SYSTEMS. THE TWO-DAY EVENT IS TRADITIONALLY ACCEPTED BY DOD AS A WIDELY ATTENDED GATHERING, ENABLING ACTIVE-DUTY ATTENDANCE. PRESENTATIONS ARE MADE BY SUBMARINE FORCE LEADERSHIP WITH UPDATES ON MAJOR ACQUISITION AND PROGRAMMATIC ISSUES. INDUSTRY AND GOVERNMENT AGENCIES PRESENT DISCUSSION AND SOLUTIONS VIA EXHIBIT DISPLAYS. THERE ARE CONTINUOUS OPPORTUNITIES FOR NAVY LEADERSHIP AND INDUSTRY NETWORKING.
Expenses $570,409 · Revenue $643,457
-
THE SUBMARINE TECHNOLOGY SYMPOSIUM STS IS A CLASSIFIED SECRET/NOFORN THREE-DAY CONFERENCE HELD ON THE CAMPUS OF JOHNS HOPKINS UNIVERSITY APPLIED PHYSICS LABORATORY. THE PURPOSE OF THE STS IS TO FACILITATE THE EXCHANGE OF BUSINESS, TECHNICAL, AND PROFESSIONAL INFORMATION RELEVANT TO SUBMARINES AND UNDERSEA WARFARE, INCLUDING UNMANNED SYSTEMS. THIS IS A PREMIER OPPORTUNITY FOR NAVY LEADERSHIP, INDUSTRY AND ACADEMIA TO ENGAGE IN PRODUCTIVE TECHNICAL EXCHANGES. INDUSTRY, GOVERNMENT, AND ACADEMIA ARE INVITED TO SUBMIT ABSTRACTS FOR PRESENTATION. THE ON-SITE FORMAT INCLUDES SELECTED DISPLAYS OF NEW TECHNOLOGY DEVELOPMENTS. SPEAKERS GENERALLY ALLOW TIME FOR QA AND THERE ARE BREAKS BETWEEN SESSIONS TO FOSTER DISCUSSION AND NETWORKING.
Expenses $423,431 · Revenue $659,105
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Stephen FischerSTEPHEN FISCHER
EXECUTIVE DIRECTOR
- Total calculated
- $164,981
- From this org
- $162,494
- From related orgs
- $0
- Other
- $2,487
- Hours/week
- 40 + 2.5 related
Schedule J breakdown matched by us
- Base
- $162,494
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $2,487
- Filer's total
- $164,981
-
Sarah ArmstrongSARAH ARMSTRONG
DIRECTOR, CORPORATE ENGAGEMENT EVENTS
- Total calculated
- $121,072
- From this org
- $106,602
- From related orgs
- $0
- Other
- $14,470
- Hours/week
- 40
-
Willy HilaridesWILLY HILARIDES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Laura HooksLAURA HOOKS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Mike McCalipMIKE MCCALIP
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Robert HogueROBERT HOGUE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jon GreenertJON GREENERT
CHAIR 4/24 - 11/24
- Total calculated
- $0
- Hours/week
- 1
-
John RichardsonJOHN RICHARDSON
CHAIR 11/24 - 3/2025
- Total calculated
- $0
- Hours/week
- 1
-
Gregg BauerGREGG BAUER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Terry BenedictTERRY BENEDICT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rick BreckenridgeRICK BRECKENRIDGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Edmund GiambastianiEDMUND GIAMBASTIANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen ContiKAREN CONTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen HennebergerKAREN HENNEBERGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark RayhaMARK RAYHA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandy HodgkinsonSANDY HODGKINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frederick RoeggeFREDERICK ROEGGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher RoganCHRISTOPHER ROGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David JohnsonDAVID JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard McNamaraRICHARD MCNAMARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey TrusslerJEFFREY TRUSSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott VanbuskirkSCOTT VANBUSKIRK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kara WilkinsonKARA WILKINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan VetetoJONATHAN VETETO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erica LeinmillerERICA LEINMILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Approval by the board or compensation committee
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 February 2026
- IRS schema version
- 2024v5.2
- Source object
- 202630449349301933
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.