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Nonprofiteer
← NAVAL POSTGRADUATE SCHOOL FOUNDATION INC

Form 990 for tax year 2023

Filed by NAVAL POSTGRADUATE SCHOOL FOUNDATION INC.

Totals

Total revenue
$10,994,072
Total expenses
$3,558,930
Contributions and grants received
$11,648,468
Grants paid
$271,611
Program service revenue
$0
Investment income
-$129,207
Other revenue
-$525,189
Total assets, end of year
$19,813,289
Total liabilities, end of year
$927,847
Net assets or fund balances, end of year
$18,885,442
Program services expenses (Part IX)
$2,188,470
Management and general expenses
$426,775
Fundraising expenses
$943,685
Program service expenses (Part III)
$2,188,470

Program services were 61.5% 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.

  • 1b · Membership dues

    $50

  • 1c · Fundraising events

    $1,863,140

  • 1e · Government grants (contributions)

    $96,481

  • 1f · All other contributions, gifts and grants

    $9,688,797

  • 1g · Noncash contributions included above

    $150,890

  • 3 · Investment income

    total $213,456 · excluded $213,456

  • 7a · Gross sales of assets other than inventory

    securities $2,171,580

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

    securities $2,514,243

  • 7c · Gain or loss

    securities -$342,663

  • 7d · Net gain or loss

    total -$342,663 · excluded -$342,663

  • 8a · Fundraising events: gross income

    $231,090

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

    $1,863,140

  • 8b · Fundraising events: direct expenses

    $806,072

  • 8c · Net income from fundraising events

    total -$574,982 · excluded -$574,982

  • 10a · Gross sales of inventory

    $193,303

  • 10b · Cost of goods sold

    $158,433

  • 10c · Net income from sales of inventory

    total $34,870 · excluded $34,870

  • 11a · Other revenue: OTHER INCOME

    total $9,555 · related or exempt $9,555

  • 11b · Other revenue: ADMINISTRATIVE FEES

    total $5,368 · related or exempt $5,368

  • 11e · Other revenue, total

    $14,923

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,409 · program services $30,409

  • 2 · Grants to domestic individuals

    total $241,202 · program services $241,202

  • 5 · Compensation of officers, directors and key employees

    total $422,204 · program services $147,771 · management and general $21,110 · fundraising $253,323

  • 7 · Other salaries and wages

    total $933,587 · program services $700,535 · management and general $70,854 · fundraising $162,198

  • 8 · Pension plan contributions

    total $45,498 · program services $33,071 · management and general $3,717 · fundraising $8,710

  • 9 · Other employee benefits

    total $54,713 · program services $33,306 · management and general $5,661 · fundraising $15,746

  • 10 · Payroll taxes

    total $87,121 · program services $58,746 · management and general $6,259 · fundraising $22,116

  • 11f · Fees: investment management

    total $38,400 · management and general $38,400

  • 11g · Fees: other

    total $232,920 · program services $27,990 · management and general $134,141 · fundraising $70,789

  • 12 · Advertising and promotion

    total $1,187 · program services $1,187

  • 13 · Office expenses

    total $26,968 · management and general $18,263 · fundraising $8,705

  • 14 · Information technology

    total $58,725 · program services $13,566 · management and general $9,254 · fundraising $35,905

  • 16 · Occupancy

    total $5,384 · management and general $5,384

  • 17 · Travel

    total $62,294 · management and general $34,556 · fundraising $27,738

  • 22 · Depreciation, depletion and amortization

    total $11,162 · management and general $11,162

  • 23 · Insurance

    total $22,115 · management and general $22,115

  • 24a · Other expenses: SCHOOL FUNDING EXPENSE

    total $567,487 · program services $567,487

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $237,557 · fundraising $237,557

  • 24c · Other expenses: ALUMNI ASSOCIATION

    total $194,862 · program services $194,862

  • 24d · Other expenses: CLUB EXPENSE

    total $98,861 · program services $98,861

  • 24e · All other expenses

    total $186,274 · program services $39,477 · management and general $45,899 · fundraising $100,898

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $709,435 · end of year $1,260,238

  • 2 · Savings and temporary cash investments

    beginning of year $26,144 · end of year $26,175

  • 3 · Pledges and grants receivable

    beginning of year $1,333,922 · end of year $7,360,021

  • 4 · Accounts receivable

    beginning of year $1,168,888 · end of year $412,216

  • 8 · Inventories for sale or use

    beginning of year $75,800 · end of year $76,792

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,292

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

    $1,904,324

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

    $108,374

  • 10c · Land, buildings and equipment, net

    beginning of year $49,171 · end of year $1,795,950

  • 12 · Investments: other securities

    beginning of year $6,621,694 · end of year $8,881,897

  • 17 · Accounts payable and accrued expenses

    beginning of year $587,229 · end of year $479,847

  • 19 · Deferred revenue

    end of year $448,000

  • 27 · Net assets without donor restrictions

    beginning of year $7,226,918 · end of year $6,739,101

  • 28 · Net assets with donor restrictions

    beginning of year $2,189,199 · end of year $12,146,341

Mission and programs · 2023

Mission

THE FOUNDATION AT THE NAVAL POSTGRADUATE SCHOOL IS A NONPROFIT 501 (C) (3) ORGANIZATION WHOSE MISSION IS TO SUPPORT, PROMOTE AND ADVANCE THE MISSION OF THE NAVAL POSTGRADUATE SCHOOL BY WORKING WITH SCHOOL LEADERSHIP TO IDENTIFY STRATEGIC INSTITUTIONAL PRIORITIES, AND BY RAISING, MANAGING AND DISBURSING PRIVATE GIFTS THAT PROVIDE THE MARGIN OF EXCELLENCE FOR CONTINUING EDUCATIONAL AND INTELLECTUAL DISCOURSE IN AREAS OF STRATEGIC CONSEQUENCE AT THE NATION'S PREEMINENT NATIONAL DEFENSE RESEARCH UNIVERSITY. THIS MISSION IS ACCOMPLISHED THROUGH FOUR DISTINCT PILLARS: RESEARCH FUNDING, INSTITUTIONAL ADVANCEMENT, COMMUNITY OUTREACH AND STUDENT AND FACULTY RECOGNITION. THE FOUNDATION IS COMMITTED TO SERVING THE STUDENTS, FACULTY, STAFF AND COMMUNITY OF THE NAVAL POSTGRADUATE SCHOOL.

Activities or mission (Part I)

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

  • PEOPLE THE NAVAL POSTGRADUATE SCHOOL (NPS) FOUNDATION SUPPORTS THE 2,500+ STUDENTS AND THEIR FAMILIES AT NPS, ALONG WITH NEARLY 1,000 FACULTY, STAFF MEMBERS, AND MEMBERS OF THE SURROUNDING 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.IN FY24, THE FOUNDATION OPERATED AND SUPPORTED 15 RECREATION CLUBS WITHIN THE NPS COMMUNITY. MEMBERSHIP IN THESE CLUBS IS FREE FOR STUDENTS, ALUMNI, FACULTY, STAFF, AND THEIR FAMILIES. THESE CLUBS PLAY A KEY ROLE IN FOSTERING A SENSE OF COMMUNITY, PARTICULARLY FOR STUDENTS AND THEIR FAMILIES WHO ARE TYPICALLY AT NPS FOR 12-24 MONTHS. THEY OFFER OPPORTUNITIES FOR STUDENTS AND THEIR FAMILIES TO QUICKLY CONNECT WITH OTHERS WHO SHARE THEIR INTERESTS.MORE THAN 900 NPS COMMUNITY MEMBERS PARTICIPATE IN THESE CLUBS, WHICH ALSO WELCOME FAMILY MEMBERS AT NO CHARGE. IN FY24, THE FOUNDATION CONTRIBUTED $98,096.09 TO SUPPORT THESE CLUBS, WHICH COVER A WIDE RANGE OF ACTIVITIES INCLUDING CHESS, CYBER, CYCLING, DRONES, FLYING, GOLF, INTERNATIONAL (INCLUDING LANGUAGE CIRCLES), MAKERS, RUNNING, SAILING, SKYDIVING, SOCCER, VEHICLES AND WINE.THE NPS FOUNDATION & ALUMNI ASSOCIATION RUNS THE NPS ALUMNI ASSOCIATION, ORGANIZING REGIONAL SOCIAL AND NETWORKING EVENTS FOR ITS MEMBERS. IN FY24, THE FOUNDATION SUPPORTED THE FIRST INTERNATIONAL NPS ALUMNI SYMPOSIUM IN SINGAPORE, WHICH FEATURED WELCOME RECEPTIONS AND A FORMAL DINNER HONORING DISTINGUISHED GRADUATES. THE FOUNDATION CURRENTLY HAS OVER 10,000 MEMBERS, INCLUDING MORE THAN 1,770 CURRENT STUDENTS. IN FY24, THE FOUNDATION ALLOCATED $194,861.86 TO SUPPORT THE ALUMNI ASSOCIATION.

    Expenses $303,125 · Revenue $14,923

  • RESEARCHTHE FOUNDATION HAS INVESTED $813,510 AND HUNDREDS OF HOURS IN THE DESIGN, DEVELOPMENT, AND HOSTING OF ATHENA FOR PARTNERS, A COLLABORATIVE RESEARCH APPLICATION. ATHENA ENABLES RESEARCHERS, SPONSORS, AND LEADERS ACROSS NPS AND THE NAVAL EDUCATION ENTERPRISE TO ACCESS AND QUERY INFORMATION STORED IN VARIOUS DATABASES USING KEYWORDS, TOPICS OF INTEREST, SERVICE PRIORITIES AND OTHER FILTERS. IN FY24, ATHENA ADDED OVER 250 USERS AND INGESTED OVER 800,000 DEFENSE INFORMATION RESOURCES INTO THE DATABASE.IN FY24, MORE THAN $70,000 WAS AWARDED IN GRANTS TO FACULTY AND STUDENTS. THE FOUNDATION ALSO FUNDS AWARDS AND GRADUATION RECEPTIONS, CONTRIBUTING AN AVERAGE OF $8,000 PER QUARTER AND OVER $32,000 ANNUALLY.IN FY24, THE FOUNDATION SPONSORED THREE RESEARCH FELLOWSHIPS AT NPS, SUPPORTING RESEARCH IN SECURITY STUDIES. THESE FELLOWSHIPS CONTRIBUTED TO CURRICULUM ENRICHMENT AND INTRODUCED FRESH IDEAS INTO NPS CLASSROOMS. IN FY24, THE FOUNDATION PROVIDED $177,604 TO SUPPORT THIS PROGRAM.

    Expenses $1,085,121 · Grants $271,611

  • INSTITUTIONIN FY24, THE NPS FOUNDATION INVESTED $228,452 IN THE PLANNING AND DEVELOPMENT OF THE NAVAL INNOVATION CENTER (NIC) AT NPS. THE FOUNDATION REMAINS A COMMITTED PARTNER TO NPS AND THE DEPARTMENT OF THE NAVY TO ADVOCATE FOR AND FUND THE DEVELOPMENT OF THE NIC, WHICH WILL SERVE AS CENTER FOR ADVANCED WARFIGHTING SOLUTIONS UP TO THE CLASSIFIED LEVEL. THE NIC WILL ENHANCE NPS EDUCATION, RESEARCH AND SOLUTION DEVELOPMENT, AND SERVE AS A RESOURCE FOR THE ENTIRETY OF THE DEPARTMENT OF DEFENSE, DEPARTMENT OF THE NAVY AND THE NAVAL RESEARCH AND DEVELOPMENT ENTERPRISE.THE FOUNDATION CONTINUES TO SUPPORT NPS COMMUNITY OUTREACH EVENTS, INCLUDING THE ANNUAL RAPID INNOVATION DESIGN CHALLENGE, WHICH AIMS TO INSPIRE THE NEXT GENERATION OF STEM PROFESSIONALS. THE FOUNDATION ALSO SUPPORTS NPS INSTITUTIONAL ADVANCEMENT WITH A FOCUS ON COMMUNICATION OUTREACH, STRENGTHENING RELATIONSHIPS WITH ALUMNI, DONORS AND EXTERNAL STAKEHOLDERS. THESE EFFORTS INCLUDE ORGANIZING HIGH-VISIBILITY EVENTS, STRATEGIC COMMUNICATION CAMPAIGNS AND BUILDING PARTNERSHIPS WITH INDUSTRY AND GOVERNMENT AGENCIES TO HIGHLIGHT NPS RESEARCH AND ACADEMIC EXCELLENCE. BY FOSTERING THESE RELATIONSHIPS, THE FOUNDATION HELPS ENHANCE NPS' VISIBILITY AND INFLUENCE IN BOTH NATIONAL AND INTERNATIONAL DEFENSE COMMUNITIES.

    Expenses $800,224

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Craig Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Susan Montgomery

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Hank Plain

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Michael Morgan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gary Coughlan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Richard Elster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Karen Hargrove

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Paul Gregory

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Daniel Oliver

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Rice

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andrew Rosenberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Anton Marano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • William Tyler III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Thomas Prescott

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Leonard Riggs Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Robert Skinner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Evan Allen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Norman Wesley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Chris Fussell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kenneth Beall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lisa Lapin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Steven Lerman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Hans Uslar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • William O'Donnell Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James Carey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Robert Jaunich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mark Kaufman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andrew Paul

    TRUSTEE

    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
    $389,595
    From this org
    $247,612
    From related orgs
    $0
    Other
    $141,983
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,612
    Bonus
    $7,000
    Other
    $0
    Deferred
    $15,162
    Nontaxable benefits
    $126,821
    Filer's total
    $389,595

  • Todd Lyons

    VP, RESEARCH

    Total calculated
    $205,047
    From this org
    $191,721
    From related orgs
    $0
    Other
    $13,326
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,721
    Bonus
    $0
    Other
    $0
    Deferred
    $10,098
    Nontaxable benefits
    $3,228
    Filer's total
    $205,047

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

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
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202531339349307633

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