United States Naval Institute
- Assets
- $27.7m
- Revenue
- $24.4m
- Investments
- $0.0
- Employees
- 78
- Location
- Annapolis, MD
- Founding
- 09/1942
- Data as of
- 12/2020
- EIN
- 52-0643040
Organization Overview
United States Naval Institute is located in Annapolis, MD. The organization was established in 1942. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, United States Naval Institute employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Naval Institute 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 12/2020, United States Naval Institute generated $24.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $8.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE PROFESSIONAL, LITERARY, AND SCIENTIFIC UNDERSTANDING OF SEA POWER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHING COSTS:INCLUDES COSTS OF PRODUCING PROCEEDINGS WHICH IS AN INDEPENDENT, OPEN FORUM FOR ARTICLES FROM NAVAL PROFESSIONALS AND CIVILIAN CONTRIBUTORS FEATURING CURRENT PROFESSIONAL TOPICS AND ISSUES. ALSO, NAVAL HISTORY MAGAZINE SHOWCASES HISTORICAL TOPICS WITH FOCUS ON THE SEA SERVICES. ADDITIONALLY, THE NAVAL INSTITUTE PRESS, WHICH IS THE BOOK-PUBLISHING ARM OF THE NAVAL INSTITUTE PUBLISHES ABOUT SEVENTY TITLES EACH YEAR, RANGING FROM BOOKS ON NAVIGATION TO BATTLE HISTORIES, UNITED STATES NAVAL ACADEMY TEXTBOOKS AND REFERENCE BOOKS, BIOGRAPHIES, SHIP AND AIRCRAFT GUIDES, AND NOVELS.
CONFERENCE EXPENSES:THE INSTITUTE PROVIDES FOR VARIOUS SEMINARS AND MEETINGS THROUGHOUT ITS FISCAL YEAR ON CURRENT AND HISTORICAL TOPICS. THESE MEETINGS OFFER A CONCENTRATED OPPORTUNITY FOR THE EXCHANGE OF IDEAS AND DISCUSSION OF KEY NAVAL ISSUES AMONG NAVAL PROFESSIONALS ANDOTHERS.
ROYALTIES: REPRESENT AGREED-UPON PAYMENTS MADE BY THE INSTITUTE TO VARIOUS AUTHORS FOR THEIR RESPECTIVE BOOKS. THE AMOUNT OF THE ROYALTY IS BASED UPON THE ACTUAL SALES OF THE RESPECTIVE BOOKS AND ANY SALES OF SUBSIDIARY RIGHTS.
SPECIAL PROJECTS:REPRESENT VARIOUS PROJECTS UNDERTAKEN TO ADVANCE THE PROFESSIONAL, LITERARY, AND SCIENTIFIC UNDERSTANDING OF SEA POWER AND OTHER ISSUES CRITICAL TO GLOBAL SECURITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter H Daly Director, Ceo, And Publisher | OfficerTrustee | 30 | $420,190 |
Douglas Wallen CFO | Officer | 32 | $175,652 |
Heather Lancaster Evp Development | 5 | $162,690 | |
William Hamblet Evp Period., Members., Market., | 40 | $158,931 | |
April Parreco Evp Conferences & Events | 40 | $151,757 | |
William Bray Deputy Director Of Period. | 40 | $136,460 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Books International Inc Book Warehousing & Fullfillment | 12/30/21 | $700,798 |
Lsc Communications Periodical Printing, Shipping | 12/30/21 | $320,184 |
Ntc Mazzuca Contracting Inc Construction Services | 12/30/21 | $301,641 |
The Whiting-turner Contracting Company Construction Services | 12/30/21 | $7,680,152 |
Whitlock Audio Visual Solutions | 12/30/21 | $857,145 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,560,357 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $139,037 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,666,997 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,447,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $401,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,792,064 |
| Pension plan accruals and contributions | $123,284 |
| Other employee benefits | $271,873 |
| Payroll taxes | $348,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $180,966 |
| Fees for services: Accounting | $125,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $539,422 |
| Advertising and promotion | $74,164 |
| Office expenses | $939,723 |
| Information technology | $500,334 |
| Royalties | $309,974 |
| Occupancy | $265,265 |
| Travel | $45,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $186,316 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,385 |
| Insurance | $94,219 |
| All other expenses | $0 |
| Total functional expenses | $8,244,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,254,967 |
| Savings and temporary cash investments | $36,960 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $767,282 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,564,840 |
| Prepaid expenses and deferred charges | $872,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,665,507 |
| Accounts payable and accrued expenses | $4,396,072 |
| Grants payable | $0 |
| Deferred revenue | $2,151,946 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,206,241 |
| Total liabilities | $7,754,259 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $19,911,248 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that United States Naval Institute has recieved totaling $177,213.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $62,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $49,823 |
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF RF DONATIONS TO CHARITABLE ORGANIZATIONS | $30,000 |
Smith Richardson Foundation Inc Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $7,500 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $6,280 |
Endowment Analysis
| Beg. Balance | $986,376 |
| Earnings | $109,289 |
| Other Expense | $54,780 |
| Ending Balance | $1,040,885 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Public Transit Association Washington, DC | $25,928,823 | $18,627,373 |
B Lab Company Berwyn, PA | $11,530,827 | $18,993,326 |
National Association Of Federal Credit Unions Inc Arlington, VA | $31,185,033 | $18,837,903 |
National Telecommunications Cooperative Association Arlington, VA | $35,978,919 | $14,734,223 |
Nreca International Ltd Arlington, VA | $16,103,141 | $13,958,230 |
Society Of Cable Telecommunications Engineers Inc Exton, PA | $14,059,235 | $12,351,666 |
United States Telecom Association Washington, DC | $26,999,064 | $14,419,422 |
National Association Of Regulatory Utility Commissioners Washington, DC | $14,588,498 | $9,839,643 |
United States Naval Institute Annapolis, MD | $27,665,507 | $24,447,598 |
Telecommunications Industry Association Arlington, VA | $9,432,322 | $8,404,450 |
National Motor Freight Traffic Association Inc Alexandria, VA | $59,067,846 | $11,675,986 |
Government Employees Benefit Association Inc Hanover, MD | $24,504,834 | $8,425,068 |