FRIENDS OF NAVAL ACADEMY MUSIC, INC (FONAM) IS A 501 (C) 3 NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE PRIVATE FINANCIAL SUPPORT FOR NAVAL ACADEMY MUSICAL ACTIVITIES. OUR INITIAL GOAL IS TO RAISE $10 MILLION IN OPERATING FUNDS WHICH WOULD GUARANTEE THE SUSTAINABILITY OF THE MUSIC PROGRAM AT USNA FOR YEARS TO COME. FONAM FUNDS ARE 100% ALLOCATED TOWARDS MUSICAL ACTIVITIES, WITH NO RESTRICTIONS IN TIMES OF DEFENSE BUDGETARY CUTS OR SEQUESTRATION, MAKING THEM MORE VITAL NOW THAN EVER. FUNDS RAISED ARE ALLOCATED AMONG BUILDING STRATEGIC AND EMERGENCY RESERVES AND IMMEDIATE PROGRAM FUNDING.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$730K
+14.2% YoY
Annual Giving
$43K
-30.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$43K
-30.5% YoY
About Friends of Naval Academy Music Inc
Based on IRS filings
Friends of Naval Academy Music Inc is a nonprofit organization focused on Arts, Culture & Humanities, based in CROFTON, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $730K in total assets. In 2024, it awarded 1 grants totaling $43K. Net investment income was $108K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $730,291 | $639,493 | — |
| Revenue | $232,627 | $217,246 | $167,307 |
| Expenses | $79,088 | $85,923 | $79,666 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $108,116 | $40,745 | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United States Naval Academy ($43,245).
| Recipient | Purpose | Amount |
|---|---|---|
| UNITED STATES NAVAL ACADEMY ANNAPOLIS, MD | TO SUPPORT THE MUSIC DEPARTMENT | $43,245 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN BARRY TALLEY | DIRECTOR OF INVESTMENTS | 1 | — |
| CHRIS JENSEN | DIRECTOR | 1 | — |
| APRIL MCBRIDE | DIRECTOR | 1 | — |
| CHRIS O'KEEFE | DIRECTOR | 1 | — |
| CHAD REDMER | DIRECTOR | 1 | — |
| NATE SHENCK | PAST PRESIDENT AND DIRECTOR | 1 | — |
| KATE KRANZ JORDAN | DIRECTOR | 1 | — |
| ALICE ANN CALHOUN | DIRECTOR | 1 | — |
| DAVID EDGERTON | DIRECTOR | 1 | — |
| BRIAN FONTAINE-ISAAC | DIRECTOR | 1 | — |
| PAUL WEITLISBACH | DIRECTOR | 1 | — |
| PAUL WOOD | PRESIDENT | 1 | — |
| TABITHA STROBEL | VICE PRESIDENT | 1 | — |
| CAROL KEPLER | SECRETARY | 1 | — |
| AMY SMITH | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Friends of Naval Academy Music Inc?
Friends of Naval Academy Music Inc is a nonprofit organization focused on Arts, Culture & Humanities, based in CROFTON, MD. It holds $730K in total assets as of 2024.
How large is Friends of Naval Academy Music Inc?
As of 2024, Friends of Naval Academy Music Inc holds $730K in total assets with $233K in annual revenue. It awarded 1 grants totaling $43K in 2024.
Where does Friends of Naval Academy Music Inc operate?
Friends of Naval Academy Music Inc has awarded grants in Maryland.
What size grants does Friends of Naval Academy Music Inc award?
In 2024, Friends of Naval Academy Music Inc awarded 1 grants totaling $43K — an average of about $43K per grant, based on its IRS Form 990 filings.
What is Friends of Naval Academy Music Inc's EIN?
Friends of Naval Academy Music Inc's EIN (Employer Identification Number) is 46-1084699. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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