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TO RAISE FUNDS AND FURTHER THE MISSION OF THE UNITED STATES NAVAL INSTITUTE (THE INSTITUTE).
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$6.1M
Program Spending
68%
of total expenses go to program services
Total Contributions
$5.9M
Total Expenses
▼$4.8M
Total Assets
$14.7M
Total Liabilities
▼$84.9K
Net Assets
$14.6M
Officer Compensation
→$382K
Other Salaries
$575.2K
Investment Income
$225.5K
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $3.3M
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
UNITED STATES NAVAL INSTITUTE52-0643040 | ANNAPOLIS, MD | $3.3M | Cash | TO ADVANCE PROFESSIONAL, LITERARY, AND SCIENTIFIC UNDERSTANDING OF SEA POWER. |
| Total | $3.3M | |||
ANNAPOLIS, MD
$3.3M
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Federal audit data is temporarily unavailable.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: SOUNK
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $6.1M | $5.9M | $4.8M | $14.7M | $14.6M |
| 2023IRS e-File | $9.4M | $9.2M | $5.2M | $11.8M | $11.7M |
| 2022 | $5.1M | $5M | $5.6M | $13.2M | $7.3M |
| 2021 | $8.5M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Radm Raymond A Spicer Usn Ret | Ceo, Director | 10 | $0 | $362.2K | $25.4K | $387.6K |
| Douglas Wallen | Treasurer | 8 | $0 | $213.6K | $35.2K | $248.9K |
| Heather Lancaster | Coo, Secretary, Director | 35 | $0 | $211.3K | $10.4K | $221.7K |
| Gen Peter Pace Usmc Ret | Chairman, Director | 2 | $0 | $0 | $0 | $0 |
| Michael M Wiseman Esq | Vice-chairman, Director | 1 | $0 | $0 | $0 | $0 |
Radm Raymond A Spicer Usn Ret
Ceo, Director
$387.6K
Hrs/Wk
10
Compensation
$0
Related Orgs
$362.2K
Other
$25.4K
Douglas Wallen
Treasurer
$248.9K
Hrs/Wk
8
Compensation
$0
Related Orgs
$213.6K
Other
$35.2K
Heather Lancaster
Coo, Secretary, Director
$221.7K
Hrs/Wk
35
Compensation
$0
Related Orgs
$211.3K
Other
$10.4K
Gen Peter Pace Usmc Ret
Chairman, Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Michael M Wiseman Esq
Vice-chairman, Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Adm Jonathan Greenert Usn Ret | Dir. - Board Liaison (thru May) | 1 | $0 | $0 | $0 | $0 |
| Cdr Gregory E Glaros Usn Ret | Director | 1 | $0 | $0 | $0 | $0 |
| Dirk P Mosis | Director | 1 | $0 | $0 | $0 | $0 |
| Jane Clayton Johnson | Director | 1 | $0 | $0 | $0 | $0 |
| John Majoras | Director (as Of Nov) | 1 | $0 | $0 | $0 | $0 |
| Martin J Bollinger |
Adm Jonathan Greenert Usn Ret
Dir. - Board Liaison (thru May)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Cdr Gregory E Glaros Usn Ret
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Dirk P Mosis
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Vadm Peter H Daly Usn Ret | Former Ceo, Consultant | 2 | $0 | $165.2K | $94 | $165.3K |
Vadm Peter H Daly Usn Ret
Former Ceo, Consultant
$165.3K
Hrs/Wk
2
Compensation
$0
Related Orgs
$165.2K
Other
$94
| $8.3M |
| $15.4M |
| $16.5M |
| $8.4M |
| 2020 | $6.1M | $5.9M | $18.6M | $14.2M | $14.2M |
| 2019 | $9.8M | $10M | $8.3M | $27.4M | $27.4M |
| 2018 | $21.1M | $20.9M | $7M | $24.3M | $24.3M |
| 2017 | $6.6M | $6.3M | $8.3M | $10.7M | $10.7M |
| 2016 | $5.5M | $5.4M | $8.2M | $11.9M | $11.9M |
| 2015 | $5.9M | $5.7M | $4.8M | $13.8M | $13.8M |
| 2014 | $4.2M | $4.1M | $2.9M | $12.8M | $12.8M |
| 2013 | $2.7M | $2.2M | $3.2M | $11.5M | $11.5M |
| 2012 | $1.3M | $1M | $3.4M | $11.4M | $11.4M |
| 2011 | $1.5M | $1.1M | $1.7M | $12.7M | $12.7M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| Director |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Mel Immergut | Director - Board Liason | 1 | $0 | $0 | $0 | $0 |
| Michael J Salvato | Director | 1 | $0 | $0 | $0 | $0 |
| Mr Stephen M Waters | Director | 1 | $0 | $0 | $0 | $0 |
| Radm Kendell Pease Usn Ret | Director | 1 | $0 | $0 | $0 | $0 |
Jane Clayton Johnson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Majoras
Director (as Of Nov)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Martin J Bollinger
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mel Immergut
Director - Board Liason
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael J Salvato
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Stephen M Waters
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Radm Kendell Pease Usn Ret
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0