EIN 23-7003516

Us Naval Academy Foundation

IRS 501(c) type
501(c)(3)
Num. employees
53
Year formed
1969
Most recent tax filings
2022-06-01
Description
The Us Naval Academy Foundation is a mission dedicated to supporting, promoting and advancing the mission of the Naval Academy by working in conjunction with academy leadership to identify strategic institutional priorities. Additionally, they raise, manage and disburse private gift funds to provide a margin of excellence. This support includes direct and indirect support for USNA endowed positions and program support for cyber security, athletic excellence, STEM, minority outreach, leadership development and international programs. Lastly, grants to USNA also support project based learning.
Also known as...
United States Naval Academy Foundation
Total revenues
$47,603,619
2022
Total expenses
$48,937,066
2022
Total assets
$305,968,176
2022
Num. employees
53
2022

Program areas at Us Naval Academy Foundation

Support included direct and indirect support for usna endowed positions and program support for cyber security, athletic excellence, stem, minority outreach, leadership development and international programs. Grants to usna also supported project based learning, admissions support, the academic center and the center of ethical leadership. Grants to the alumni association were in support of operations.

Grants made by Us Naval Academy Foundation

GranteeGrant descriptionAmount
United States Naval Academy Alumni AssociationGeneral Support$2,949,586

Who funds Us Naval Academy Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,880,481
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,880,481
National Philanthropic TrustEducation$1,568,450
...and 113 more grants received totalling $12,969,198

Personnel at Us Naval Academy Foundation

NameTitleCompensation
Byron F MarchantPresident and Chief Executive Officer$342,644
Robert GastChief Financial Officer and Treasurer$125,071
John RudderVice President Development$166,496
William O'ConnorSecretary and Executive Vice President Development$333,244
Donald HughesVice President Athletic and Scholarship PR$182,610
...and 9 more key personnel

Financials for Us Naval Academy Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$30,294,351
Program services$3,776,417
Investment income and dividends$827,981
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$12,704,870
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$47,603,619

Form 990s for Us Naval Academy Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-04-11990View PDF
2021-062022-04-20990View PDF
2020-062021-05-05990View PDF
2019-062020-08-20990View PDF
2018-062019-05-14990View PDF
...and 8 more Form 990s

Organizations like Us Naval Academy Foundation

OrganizationLocationRevenue
University System of Maryland Foundation (USMF)Adelphi, MD$97,078,608
Stony Brook FoundationStony Brook, NY$150,444,669
Jefferson Scholars FoundationCharlottesville, VA$33,501,224
Marine Corps Scholarship FoundationAlexandria, VA$37,411,876
Hispanic Scholarship FundGardena, CA$40,093,684
University of Maine FoundationOrono, ME$40,999,640
The Foundation for City CollegeNew York, NY$27,910,258
James Madison University FoundationHarrisonburg, VA$37,424,979
University of Wyoming FoundationLaramie, WY$110,814,430
American Indian College FundDenver, CO$83,877,964
Data update history
February 3, 2024
Received grants
Identified 38 new grant, including a grant for $400,000 from John J. and Mary R. Schiff Foundation
February 3, 2024
Received grants
Identified 1 new grant, including a grant for $350,000 from Grubman Compton Foundation
October 25, 2023
Received grants
Identified 9 new grant, including a grant for $413,500 from American Endowment Foundation
July 22, 2023
Received grants
Identified 67 new grant, including a grant for $987,500 from Rich Family Foundation
June 22, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
HealthEducationDiseases and disorders
Characteristics
Provides grantsOperates internationallyEndowed supportProvides scholarshipsTax deductible donations
General information
Address
247 King George St
Annapolis, MD 21401
Metro area
Baltimore-Columbia-Towson, MD
County
Anne Arundel County, MD
Website URL
usna.com/ 
Phone
(410) 295-4000
Facebook page
USNAAlumni 
Twitter profile
@usnaalumni 
IRS details
EIN
23-7003516
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1969
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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