United States Naval Academy Foundation Inc

Organization Overview

United States Naval Academy Foundation Inc is located in Annapolis, MD. The organization was established in 1969. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, United States Naval Academy Foundation Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Naval Academy Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, United States Naval Academy Foundation Inc generated $47.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $48.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, United States Naval Academy Foundation Inc has awarded 18 individual grants totaling $281,032,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT, PROMOTE, AND ADVANCE THE MISSION OF THE NAVAL ACADEMY.

Describe the Organization's Program Activity:

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Catapult Fundraising Inc
Fundraising
$306,780
Honorcraft Llc
Donor Recognition Products/services
$173,097
Naval Academy Catering
Catering
$107,996
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$13,707
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$30,280,644
Noncash contributions included in lines 1a–1f $13,000,280
Total Revenue from Contributions, Gifts, Grants & Similar$30,294,351
Total Program Service Revenue$3,776,417
Investment income $827,981
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $12,704,870
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $47,603,619

Grants Awarded

Over the last fiscal year, United States Naval Academy Foundation Inc has awarded $38,347,873 in support to 2 organizations.

Grant RecipientAmount

US NAVAL ACADEMY

PURPOSE: GENERAL SUPPORT

$35,398,287

US NAVAL ACADEMY ALUMNI ASSOCIATION INC

Org PageRecipient Profile

Annapolis, MD

PURPOSE: GENERAL SUPPORT

$2,949,586
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that United States Naval Academy Foundation Inc has recieved totaling $2,500.

Awarding OrganizationAmount
Townsend Family Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$150,486,340
Earnings-$7,157,111
Admin Expense$1,124,067
Net Contributions$65,439
Other Expense$2,169,349
Ending Balance$140,101,252

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