US NAVAL ACADEMY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

US NAVAL ACADEMY FOUNDATION INC

EIN 23-7003516 · Fund Raising & Fund Distribution - Education (B12)

What they do

to SUPPORT, PROMOTE, and ADVANCE THE MISSION of THE NAVAL ACADEMY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $69.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders61 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

41.56%of revenue went to mission work69.5% of expenses · Program services

15.29%of revenue went to fundraising25.6% of expenses

$59.81spent for every $100 of revenueRevenue covered expenses this year.

2.95%of revenue went to management and office costs4.9% of expenses

$8.77in assets for every $1 spent this yearSome assets cannot be spent right away.

79.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $446,736 for WILLIAM OCONNOR (SEC/EVP DEV (SEE SCH J)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$79,865,558

Mission workProgram services$33,193,32841.56% of revenue69.5% of expenses

ManagementOffice and general costs$2,356,7142.95% of revenue4.9% of expenses

FundraisingAsking for donations$12,214,78515.29% of revenue25.6% of expenses

Revenue left after expensesReported annual surplus$32,100,73140.19% of revenueShown in gray on the chart

Total expenses$47,764,82759.81% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 69.5% mission · 4.9% management · 25.6% fundraisingTotal expenses: 59.81% of revenue

2023Expense mix: 73.5% mission · 5.2% management · 21.4% fundraisingTotal expenses: 71.81% of revenue

2022Expense mix: 75.6% mission · 1.8% management · 22.6% fundraisingTotal expenses: 103.25% of revenue

2021Expense mix: 79.7% mission · 2.1% management · 18.2% fundraisingTotal expenses: 102.80% of revenue

2020Expense mix: 73.1% mission · 2.5% management · 24.4% fundraisingTotal expenses: 61.83% of revenue

2019Expense mix: 83.0% mission · 1.4% management · 15.5% fundraisingTotal expenses: 72.86% of revenue

2018Expense mix: 77.9% mission · 2.3% management · 19.8% fundraisingTotal expenses: 90.62% of revenue

2017Expense mix: 74.4% mission · 7.2% management · 18.4% fundraisingTotal expenses: 57.53% of revenue

Money in and money out

Revenue$79,865,558

Expenses$47,764,827

Annual surplus $32,100,731 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$33,193,328 · 69.5% of expenses

Management and office costs$2,356,714 · 4.9% of expenses

Fundraising$12,214,785 · 25.6% of expenses

See all reported dollar amounts

Revenue$79,865,558

Expenses$47,764,827

Assets$418,994,710

Income$220,844,321

Contributions$63,822,054

Mission work (program services)$33,193,328

Fundraising$12,214,785

Grants given$237,919,244

Average grant$15,861,283

Management and general$2,356,714

Stocks and bonds$70,594,087

Accounting fees$110,652

Investing fees$542,207

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

WILLIAM OCONNORSEC/EVP DEV (SEE SCH J) · 50 hrs/week $446,736Base $396,158 · Other $50,578

JEFFREY R WEBBPRESIDENT/CEO (SEE SCH J) · 36 hrs/week $372,263Base $351,470 · Other $20,793

DONALD HUGHESVP ATHLETIC & SCHOLARSHIP (SEE SCH J) · 50 hrs/week $242,379Base $231,211 · Other $11,168

MIKE HOFFMANVP, REGIONAL DEV (SEE SCH J) · 50 hrs/week $236,837Base $187,122 · Other $49,715

ROBERT W GASTFORMER EVP & CFO/TREAS (SEE SCH J) $185,881Base $170,149 · Other $15,732

NATALIE BRIANASED, DONOR ENG & STRAT PTNR (SEE SCH J) · 50 hrs/week $181,984Base $142,621 · Other $39,363

ADRIANNA BITOUNED, STAR TEAM (SEE SCH J) · 50 hrs/week $170,377Base $143,490 · Other $26,887

ASHLEY J BAUERMANAGING REGIONAL DIR, DEV (SEE SCH J) · 50 hrs/week $153,328Base $138,668 · Other $14,660

LISA STROBELEXEC DIRECTOR OF FINANCE (SEE SCH J) · 28 hrs/week $143,156Base $123,176 · Other $19,980

GARRETT KEATINGDIRECTOR, IT (SEE SCH J) · 28 hrs/week $128,469Base $88,207 · Other $40,262

JOY JONESED, HUMAN RESOURCES (SEE SCH J) · 28 hrs/week $117,737Base $91,567 · Other $26,170

JORDAN BAILEYSR AD, ENTERPRISE NETWORK (SEE SCH J) · 28 hrs/week $110,227Base $76,442 · Other $33,785

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (61)

WILLIAM OCONNORSEC/EVP DEV (SEE SCH J)

JEFFREY R WEBBPRESIDENT/CEO (SEE SCH J)

DONALD HUGHESVP ATHLETIC & SCHOLARSHIP (SEE SCH J)

MIKE HOFFMANVP, REGIONAL DEV (SEE SCH J)

ROBERT W GASTFORMER EVP & CFO/TREAS (SEE SCH J)

NATALIE BRIANASED, DONOR ENG & STRAT PTNR (SEE SCH J)

ADRIANNA BITOUNED, STAR TEAM (SEE SCH J)

ASHLEY J BAUERMANAGING REGIONAL DIR, DEV (SEE SCH J)

LISA STROBELEXEC DIRECTOR OF FINANCE (SEE SCH J)

GARRETT KEATINGDIRECTOR, IT (SEE SCH J)

JOY JONESED, HUMAN RESOURCES (SEE SCH J)

JORDAN BAILEYSR AD, ENTERPRISE NETWORK (SEE SCH J)

TIMOTHY SMITHDR, FINANCIAL REPORTING (SEE SCH J)

JOHN COPPOLAEVP & CFO/TREAS (BEG 9/16/24)

MR KEVIN W SHARERDIRECTOR

RADM CYNTHIA M THEBAUD USN RETDIRECTOR

MR MATTHEW R GIBSONDIRECTOR

MR MICHAEL HEMOCOVICHDIRECTOR

MR MICHAEL W TAYLORDIRECTOR

MR PATRICK SULLIVANDIRECTOR

MR PAUL B PRAGERDIRECTOR

MR ROBERT V PRAGADADIRECTOR

MR SCOTT W WINEDIRECTOR

MR THOMAS C KNUDSONDIRECTOR

MR TIG H KREKELDIRECTOR

MR TIMOTHY P SULLIVANDIRECTOR

MR WILLIAM DAVISDIRECTOR

MRS MARY LOOKERDIRECTOR (THRU 2/27/25)

MS GREER O LAUTRUPDIRECTOR

MS JOANNA SOHOVICHDIRECTOR

VADM MARY JACKSONDIRECTOR

MS MARY KAY WEGNERDIRECTOR

MR JAMES BELLDIRECTOR

VADM JOHN R RYAN USN RETDIRECTOR

VADM JAN TIGHE USNDIRECTOR

RADM AB CRUZ IIIDIRECTOR

MR CHARLES H CANNON JRDIRECTOR

ADM JAMES O ELLIS JR USN RETDIRECTOR

ADM MARK E FERGUSON III USN RETDIRECTOR

ADM MICHAEL G MULLEN USN RETDIRECTOR

ADM ROBERT J NATTER USN RETDIRECTOR

ADM WILLIAM F MORAN USN RETDIRECTOR

AMB RICHARD L ARMITAGEDIRECTOR (THRU 10/24/24)

CDR JOHN M DILLON USNR RETDIRECTOR

DR LYNNE ATKINSONDIRECTOR

LCDR RONALD L NICOL USNRDIRECTOR

MAJGEN CHARLES F BOLDEN JR USMC RDIRECTOR

MR ALFRED E FESTADIRECTOR

MR C MICHAEL PETTERSDIRECTOR

MR JOHN F YOUNGDIRECTOR

MR CHARLEY MOOREDIRECTOR

MR DAVID B RICHDIRECTOR

MR DAVID P DAWSONDIRECTOR

MR GEORGE DENNISDIRECTOR

MR J MICHAEL YEAGERDIRECTOR

MR J RONALD TERWILLIGERDIRECTOR

ADM CECIL D HANEY USN RETDIRECTOR

MR JERROLD L MILLERDIRECTOR

MR JOHN SEMCKENDIRECTOR

MR JOHN UNDERWOODDIRECTOR (BEG 5/1/25)

MR JOHN F CROWLEYDIRECTOR

About this charity

Recognized since: January 1969
Location: 301 KING GEORGE STREET, ANNAPOLIS, MD 21402
County: Anne Arundel
In care of: JOHN COPPOLA
Primary officer: JOHN COPPOLA, CFO

How to reach them

WebsiteVisit the charity’s website Emailanne.sharpe@usna.com Phone(410) 295-4000

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Fund Raising & Fund Distribution - Education (B12)
IRS tax category: Fund Raising & Fund Distribution
Grant-giving organization: Yes