Form 990 for tax year 2022
Filed by UNITED STATES NAVAL ACADEMY FOUNDATION INC.
Totals
- Total revenue
- $42,720,596
- Total expenses
- $44,107,220
- Contributions and grants received
- $32,873,297
- Grants paid
- $33,310,642
- Program services expenses (Part IX)
- $33,324,153
- Management and general expenses
- $795,782
- Fundraising expenses
- $9,987,285
- Program service expenses (Part III)
- $33,324,153
Program services were 75.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
AMB RICHARD L ARMITAGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DR LYNNE ATKINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR WILLIAM A BASTIAN II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR JIM BELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MAJGEN CHARLES F BOLDEN JR USMC R
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR CHARLES H CANNON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR HARRY COKER JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR JOHN F CROWLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR DAVID DAWSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
CDR JOHN M DILLON USNR RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ADM JAMES O ELLIS JR USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ADM MARK E FERGUSON III USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR ALFRED E FESTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR MATTHEW R GIBSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ADM CECIL D HANEY USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR MICHAEL HEMOCOVICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
VADM MARY JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR RICHARD L KEYSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR THOMAS C KNUDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR TIG H KREKEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MS GREER O LAUTRUP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MRS MARY LOOKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
RADM THOMAS C LYNCH USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR JERROLD L MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR CHARLEY MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ADM MICHAEL G MULLEN USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ADM ROBERT J NATTER USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
LCDR RONALD L NICOL USNR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR DAVID T PERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR C MICHAEL PETTERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR ROBERT V PRAGADA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR PAUL G PRAGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR STEVEN S REINEMUND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR DAVID B RICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
VADM JOHN R RYAN USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR KEVIN W SHARER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MS JOANNA SOHOVICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR PATRICK SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR TIMOTHY P SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR MICHAEL W TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR J RONALD TERWILLIGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
RADM CYNTHIA M THEBAUD USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
VADM JAN TIGHE USN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR JEFFREY R WEBB
PRES/CEO (BEG 6/13/22)(SEE SCH J)
- Total calculated
- $344,202
- From this org
- $187,555
- From related orgs
- $125,037
- Other
- $31,610
- Hours/week
- 36 + 24 related
Schedule J breakdown matched by us
- Base
- $132,404 + $88,269 related
- Bonus
- $0
- Other
- $55,151 + $36,768 related
- Deferred
- $4,884 + $3,256 related
- Nontaxable benefits
- $14,082 + $9,388 related
- Filer's total
- $206,521 + $137,681 related
-
MS MARY KAY WEGNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR SCOTT W WINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR J MICHAEL YEAGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MR JOHN F YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ROBERT W GAST
CFO/TREAS (SEE SCH J)
- Total calculated
- $371,999
- From this org
- $184,475
- From related orgs
- $150,934
- Other
- $36,590
- Hours/week
- 33 + 27 related
Schedule J breakdown matched by us
- Base
- $119,340 + $97,641 related
- Bonus
- $57,200 + $46,800 related
- Other
- $7,935 + $6,493 related
- Deferred
- $3,110 + $2,544 related
- Nontaxable benefits
- $17,015 + $13,921 related
- Filer's total
- $204,600 + $167,399 related
-
WILLIAM O'CONNOR
SEC/EVP DEV (SEE SCH J)
- Total calculated
- $471,596
- From this org
- $422,728
- From related orgs
- $0
- Other
- $48,868
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $292,596
- Bonus
- $115,000
- Other
- $15,132
- Deferred
- $14,630
- Nontaxable benefits
- $34,238
- Filer's total
- $471,596
-
LISA STROBEL
SR DIR FIN & TREAS OPS (SEE SCH J)
- Total calculated
- $219,035
- From this org
- $109,102
- From related orgs
- $89,264
- Other
- $20,669
- Hours/week
- 27.5 + 22.5 related
Schedule J breakdown matched by us
- Base
- $84,447 + $69,092 related
- Bonus
- $13,376 + $10,944 related
- Other
- $11,279 + $9,228 related
- Deferred
- $4,222 + $3,455 related
- Nontaxable benefits
- $7,146 + $5,846 related
- Filer's total
- $120,470 + $98,565 related
-
DONALD HUGHES
VP ATHLETIC & SCHOLARSHIP PR (SEE SCH J)
- Total calculated
- $249,442
- From this org
- $238,556
- From related orgs
- $0
- Other
- $10,886
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $154,654
- Bonus
- $60,000
- Other
- $23,902
- Deferred
- $7,733
- Nontaxable benefits
- $3,153
- Filer's total
- $249,442
-
JOHN RUDDER
VP DEVELOPMENT (SEE SCH J)
- Total calculated
- $214,209
- From this org
- $174,861
- From related orgs
- $0
- Other
- $39,348
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $155,000
- Bonus
- $23,250
- Other
- -$3,389
- Deferred
- $7,750
- Nontaxable benefits
- $31,598
- Filer's total
- $214,209
-
MIKE HOFFMAN
ED, REGIONAL DEV (SEE SCH J)
- Total calculated
- $204,431
- From this org
- $163,570
- From related orgs
- $0
- Other
- $40,861
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $149,973
- Bonus
- $22,340
- Other
- -$8,743
- Deferred
- $7,499
- Nontaxable benefits
- $33,362
- Filer's total
- $204,431
-
PATRICIA BENDER
SR DIR, PLANNED GIVING (SEE SCH J)
- Total calculated
- $170,694
- From this org
- $150,462
- From related orgs
- $0
- Other
- $20,232
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $139,296
- Bonus
- $16,344
- Other
- -$5,178
- Deferred
- $6,548
- Nontaxable benefits
- $13,684
- Filer's total
- $170,694
-
HARRY YEISER
SEN DIR, ANNUAL PROGRAMS (SEE SCH J)
- Total calculated
- $158,406
- From this org
- $148,568
- From related orgs
- $0
- Other
- $9,838
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $126,103
- Bonus
- $16,393
- Other
- $6,072
- Deferred
- $6,305
- Nontaxable benefits
- $3,533
- Filer's total
- $158,406
-
TIMOTHY SMITH
DIR, FINANCIAL REPORTING (SEE SCH J)
- Total calculated
- $166,701
- From this org
- $82,107
- From related orgs
- $67,180
- Other
- $17,414
- Hours/week
- 33 + 27 related
Schedule J breakdown matched by us
- Base
- $76,153 + $62,308 related
- Bonus
- $6,710 + $5,490 related
- Other
- -$756 + -$618 related
- Deferred
- $3,808 + $3,115 related
- Nontaxable benefits
- $5,770 + $4,721 related
- Filer's total
- $91,685 + $75,016 related
-
BYRON F MARCHANT
FORMER PRES/CEO (THRU 3/22) (SEE SCH J)
- Total calculated
- $992,706
- From this org
- $588,497
- From related orgs
- $392,331
- Other
- $11,878
- Hours/week
- 36 + 24 related
Schedule J breakdown matched by us
- Base
- $112,020 + $74,680 related
- Bonus
- $320,400 + $213,600 related
- Other
- $156,077 + $104,051 related
- Deferred
- $3,036 + $2,024 related
- Nontaxable benefits
- $4,091 + $2,727 related
- Filer's total
- $595,624 + $397,082 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 — 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
- 1a · Tax indemnification and gross-up payments
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 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 1A
- CEO, JEFFREY R. WEBB, RECEIVED GROSS UP PAYMENTS. THESE PAYMENTS ARE INCLUDED IN HIS TAXABLE COMPENSATION.
- PART I, LINE 4B
- BYRON MARCHANT PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. HE RECEIVED A PAYMENT OF $15,931 DURING 2022. THIS AMOUNT IS INCLUDED ON FORM 990, PART VII, COLUMN D AND E AND ON SCHEDULE J, PART II, COLUMN BIII.
- PART I, LINE 7
- ON AN ANNUAL BASIS, THE COMPENSATION COMMITTEE REVIEWS THE PERFORMANCE OF CERTAIN PERSONS LISTED ON PART VII AND SCHEDULE J, AND IN ITS SOLE DISCRETION, AWARDS BONUSES BASED ON THEIR INTERNAL REVIEW. SOME YEARS BONUSES ARE NOT PAID AS WELL, PER THE SOLE DISCRETION OF THE COMPENSATION COMMITTEE. SUCH BONUSES AWARDED ARE PROPERLY LISTED AS PAID AND AS REPORTABLE COMPENSATION IN PART VII, COLUMN D, AND ON SCHEDULE J, PART II, COLUMN B(II).
- PART I, LINE 3:
- THE WRITTEN EMPLOYMENT CONTRACT IS AN INTERNAL CONTRACT ONLY.
- SCHEDULE J, PART II:
- TO PROVIDE CLARITY AS TO THE MAKEUP OF AMOUNT REPORTED FOR LISTED PERSONS ON SCHEDULE J, PART II, THE AMOUNTS ON COLUMNS B (I-III) REPORT INCOME TAXABLE TO THE ORGANIZATION'S PERSONS AND AS PROPERLY REPORTED ON FORM W-2 FOR THE YEAR ENDING ON DECEMBER 31ST WHICH OCCURS WITHIN THE ORGANIZATION'S TAX REPORTING PERIOD. THE AMOUNTS REPORTED IN COLUMN C REPORT INFORMATION RELATED TO CONTRIBUTIONS BY THE ORGANIZATION TO THE EMPLOYEE'S RETIREMENT PLANS PER AGREEMENTS IN PLACE, THE AMOUNTS REPORTED IN COLUMN D, REPORT ITEMS OF NONTAXABLE INCOME THAT ARE GENERALLY REPORTED ON OTHER TAX EXEMPT ORGANIZATION RETURNS, INCLUDING HEALTH INSURANCE, DENTAL INSURANCE, ETC. THESE AMOUNTS REPORTED IN COLUMN D ARE GENERALLY NONTAXABLE TO THE RECIPIENT'S PER OTHER CODE SECTIONS IN THE INTERNAL REVENUE CODE. THE AMOUNTS REPORTED IN COLUMN F REPORT 457(B) PLAN CONTRIBUTIONS THAT WERE REPORTED ON PRIOR YEAR FORMS 990. THESE AMOUNTS WERE PAID OUT DURING THE CALENDAR YEAR AND ARE ALSO INCLUDED IN COLUMN BIII.
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
-
$26,790,743
GENERAL SUPPORT
-
US NAVAL ACADEMY ALUMNI ASSOCIATION INC
$6,048,928
GENERAL SUPPORT
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.
-
US NAVAL ACADEMY ALUMNI ASSOCIATION INC
501(C)(3) · SUPPORT OF U.S. NAVAL ACADEMY & ALUMNI · MD
-
1922 CLASS OF THE UNITED STATES NAVAL ACADEMY MEMORIAL SCHOLARSHIP FUND
501(C)(3) · SUPPORT OF U.S. NAVAL ACADEMY FOUNDATION, INC. · MD
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431209349300323
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