Skip to content
Nonprofiteer
← UNITED STATES NAVAL ACADEMY ALUMNI ASSOC

Form 990 for tax year 2023

Filed by UNITED STATES NAVAL ACADEMY ALUMNI ASSOC.

Totals

Total revenue
$14,607,268
Total expenses
$17,777,415
Contributions and grants received
$8,391,362
Grants paid
$3,179,296
Program service revenue
$1,892,904
Investment income
$2,799,326
Other revenue
$1,523,676
Total assets, end of year
$155,286,777
Total liabilities, end of year
$9,257,090
Net assets or fund balances, end of year
$146,029,687
Program services expenses (Part IX)
$13,643,517
Management and general expenses
$3,050,219
Fundraising expenses
$1,083,679
Program service expenses (Part III)
$13,643,517

Program services were 76.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARK E FERGUSON

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM D BEYDLER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY R WEBB

    PRESIDENT/CEO (SEE SCH J)

    Total calculated
    $589,276
    From this org
    $224,824
    From related orgs
    $337,238
    Other
    $27,214
    Hours/week
    24 + 36 related

    Schedule J breakdown matched by us

    Base
    $172,769 + $259,154 related
    Bonus
    $42,500 + $63,750 related
    Other
    $9,555 + $14,334 related
    Deferred
    $6,600 + $9,900 related
    Nontaxable benefits
    $4,286 + $6,428 related
    Filer's total
    $235,710 + $353,566 related

  • ENOCHIA T ANDERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BOBBY E BROWN

    TRUSTEE (BEG 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • IAN M CAMERON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN W COMISKEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN COPPOLA

    TRUSTEE (BEG 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • JAMES C CUMMINGS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BRIAN S DEJARNETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANGELA R DOMINGOS

    TRUSTEE (BEG 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • DWIGHT D FONTILLA

    TRUSTEE (BEG 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • MAEGEN L GRANDY NIX

    TRUSTEE (BEG 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • GORDON M GERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • INGAR A GREV

    TRUSTEE (BEG 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • GREGORY A GOINS

    TRUSTEE (THRU 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • MATTHEW L GUYTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GREGORY R HAMELIN

    TRUSTEE (BEG 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • DONALD H HORNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANTHONY D KONECNY

    TRUSTEE (THRU 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • BARBETTE H LOWNDES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TODD C NICHOLS

    TRUSTEE (THRU 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • GEORGE P O'GARRO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ALEX PLECHASH

    TRUSTEE (THRU 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • STEVEN R RASMUSSEN

    TRSUTEE (BEG 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • RENEE B REEDY

    TRSUTEE (BEG 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • JILL A ROUGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARK S RUPPRECHT

    TRUSTEE (THRU 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • JAMES C SCHWAB

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JON C SMITH

    TRUSTEE (THRU 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • DARRYL L SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KEVIN F STONE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEVE A SWIFT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT J TAYLOR

    TRUSTEE (BEG 5/10/24)

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER B TYLL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JULIANA R VIDA

    TRUSTEE (THRU 10/9/23)

    Total calculated
    $0
    Hours/week
    2

  • THOMAS O WAGNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MATICE M WRIGHT-SPRINGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT W GAST

    EVP & CFO/TREAS (THRU 5/10/24) (SEE SCH J)

    Total calculated
    $342,256
    From this org
    $131,860
    From related orgs
    $161,163
    Other
    $49,233
    Hours/week
    27 + 33 related

    Schedule J breakdown matched by us

    Base
    $105,403 + $128,827 related
    Bonus
    $20,250 + $24,750 related
    Other
    $6,207 + $7,586 related
    Deferred
    $5,270 + $6,441 related
    Nontaxable benefits
    $16,885 + $20,637 related
    Filer's total
    $154,015 + $188,241 related

  • WESLEY S HUEY

    EVP, STR & LEG PROG/SEC (SEE SCH J)

    Total calculated
    $168,051
    From this org
    $158,744
    From related orgs
    $0
    Other
    $9,307
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $147,500
    Bonus
    $8,850
    Other
    $2,394
    Deferred
    $7,375
    Nontaxable benefits
    $1,932
    Filer's total
    $168,051

  • LISA STROBEL

    EXEC DIRECTOR OF FINANCE (SEE SCH J)

    Total calculated
    $219,696
    From this org
    $89,361
    From related orgs
    $109,217
    Other
    $21,118
    Hours/week
    22.5 + 27.5 related

    Schedule J breakdown matched by us

    Base
    $74,078 + $90,538 related
    Bonus
    $5,040 + $6,160 related
    Other
    $10,243 + $12,519 related
    Deferred
    $3,704 + $4,527 related
    Nontaxable benefits
    $5,799 + $7,088 related
    Filer's total
    $98,864 + $120,832 related

  • THOMAS GRADY

    VP COMMS & ENGAGEMENT (SEE SCH J)

    Total calculated
    $299,979
    From this org
    $288,728
    From related orgs
    $0
    Other
    $11,251
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $197,019
    Bonus
    $65,725
    Other
    $25,984
    Deferred
    $9,851
    Nontaxable benefits
    $1,400
    Filer's total
    $299,979

  • DONALD KENNEDY

    ED EVENTS & FACILITIES (SEE SCH J)

    Total calculated
    $179,299
    From this org
    $170,872
    From related orgs
    $0
    Other
    $8,427
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $154,808
    Bonus
    $12,200
    Other
    $3,864
    Deferred
    $7,740
    Nontaxable benefits
    $687
    Filer's total
    $179,299

  • GARRETT KEATING

    DIRECTOR, IT (SEE SCH J)

    Total calculated
    $191,818
    From this org
    $67,868
    From related orgs
    $82,950
    Other
    $41,000
    Hours/week
    22.5 + 27.5 related

    Schedule J breakdown matched by us

    Base
    $65,077 + $79,538 related
    Bonus
    $6,300 + $7,700 related
    Other
    -$3,509 + -$4,288 related
    Deferred
    $3,254 + $3,977 related
    Nontaxable benefits
    $15,196 + $18,573 related
    Filer's total
    $86,318 + $105,500 related

  • JOY JONES

    ED, HUMAN RESOURCES (SEE SCH J)

    Total calculated
    $183,669
    From this org
    $69,934
    From related orgs
    $85,474
    Other
    $28,261
    Hours/week
    22.5 + 27.5 related

    Schedule J breakdown matched by us

    Base
    $67,085 + $81,992 related
    Bonus
    $5,184 + $6,336 related
    Other
    -$2,335 + -$2,854 related
    Deferred
    $3,354 + $4,100 related
    Nontaxable benefits
    $9,363 + $11,444 related
    Filer's total
    $82,651 + $101,018 related

  • TIMOTHY SMITH

    DR, FINANCIAL REPORTING (SEE SCH J)

    Total calculated
    $171,596
    From this org
    $69,581
    From related orgs
    $85,043
    Other
    $16,972
    Hours/week
    22.5 + 27.5 related

    Schedule J breakdown matched by us

    Base
    $65,077 + $79,538 related
    Bonus
    $5,040 + $6,160 related
    Other
    -$536 + -$655 related
    Deferred
    $3,254 + $3,977 related
    Nontaxable benefits
    $4,383 + $5,358 related
    Filer's total
    $77,218 + $94,378 related

  • SCOTT GAISER

    SR DIRECTOR, REAL ESTATE (SEE SCH J)

    Total calculated
    $185,083
    From this org
    $174,822
    From related orgs
    $0
    Other
    $10,261
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $12,800
    Other
    $2,022
    Deferred
    $8,000
    Nontaxable benefits
    $2,261
    Filer's total
    $185,083

  • JOHN SCHOFIELD

    ED ENTERPRISE COMMS

    Total calculated
    $132,311
    From this org
    $125,423
    From related orgs
    $0
    Other
    $6,888
    Hours/week
    50

  • JORDAN BAILEY

    SR AD, ENTERPRISE NETWORK & SECURITY

    Total calculated
    $138,679
    From this org
    $59,055
    From related orgs
    $72,180
    Other
    $7,444
    Hours/week
    22.5 + 27.5 related

  • DERRICK PLANZ

    AD, SOFTWARE DEV (SEE SCH J)

    Total calculated
    $153,612
    From this org
    $56,457
    From related orgs
    $69,005
    Other
    $28,150
    Hours/week
    22.5 + 27.5 related

    Schedule J breakdown matched by us

    Base
    $55,089 + $67,333 related
    Bonus
    $3,623 + $4,428 related
    Other
    -$2,255 + -$2,756 related
    Deferred
    $2,754 + $3,367 related
    Nontaxable benefits
    $9,913 + $12,116 related
    Filer's total
    $69,124 + $84,488 related

  • CDR CRAIG J WASHINGTON

    FORMER SEC/VP ENGAGEMENT (SEE SCH J)

    Total calculated
    $140,000
    From this org
    $140,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $140,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $140,000

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

  • 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
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
CDR CRAIG J. WASHINGTON RECEIVED A SEVERANCE PAYMENT OF $140,000, THIS AMOUNT IS INCLUDED ON FORM 990, PART VII, COLUMN D 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).
FORM 990, SCHEDULE J, 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (2)

    T · INVESTMENT · MD · controlled entity

    Directly controlled by US NAVAL ACADEMY ALUMNI ASSOCIATION INC

  • CHARITABLE REMAINDER TRUSTS (5)

    T · INVESTMENT · MD · controlled entity

    Directly controlled by US NAVAL ACADEMY FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202501299349302485

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.