EIN 23-7003516

Us Naval Academy Foundation

IRS 501(c) type
501(c)(3)
Num. employees
58
Year formed
1969
Most recent tax filings
2023-06-01
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
$42,720,596
2023
Total expenses
$44,107,220
2023
Total assets
$327,456,944
2023
Num. employees
58
2023

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$6,048,928

Who funds Us Naval Academy Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,640,735
Robert and Molly Tarr Charitable FoundationPublic Charity - Education/sports - Lacrosse Facility$1,000,000
Rich Family FoundationGeneral Support$987,500
...and 108 more grants received totalling $10,237,816

Personnel at Us Naval Academy Foundation

NameTitleCompensation
Jeffrey WebbChief Executive Officer$187,555
Robert W GastChief Financial Officer and Treasurer$184,475
John RudderVice President Development / Senior Director of Development / Mgo$174,861
William O'ConnorSecretary and Executive Vice President Development$422,728
Donald HughesVice President Athletic and Scholarship PR$238,556
...and 8 more key personnel

Financials for Us Naval Academy Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$32,873,297
Program services$3,580,805
Investment income and dividends$1,686,950
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$4,579,544
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$42,720,596

Form 990s for Us Naval Academy Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-29990View PDF
2022-062023-04-11990View PDF
2021-062022-04-20990View PDF
2020-062021-05-05990View PDF
2019-062020-08-20990View PDF
...and 9 more Form 990s
Data update history
September 21, 2024
Received grants
Identified 28 new grant, including a grant for $1,000,000 from Robert and Molly Tarr Charitable Foundation
July 19, 2024
Updated personnel
Identified 5 new personnel
July 12, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 19, 2024
Received grants
Identified 6 new grant, including a grant for $193,325 from American Online Giving Foundation
February 3, 2024
Received grants
Identified 38 new grant, including a grant for $400,000 from John J. and Mary R. Schiff Foundation
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
HealthEducationDiseases and disorders
Characteristics
Provides grantsOperates internationallyEndowed supportProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
301 King George St
Annapolis, MD 21402
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
Central organization
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