United States Naval Institute
PROVIDE AN INDEPENDENT FORUM FOR THOSE WHO DARE TO READ, THINK, SPEAK, AND WRITE TO ADVANCE THE PROFESSIONAL, LITERARY, AND SCIENTIFIC UNDERSTANDING OF SEA POWER AND OTHER ISSUES CRITICAL TO GLOBAL SECURITY.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.8M
+11.2% YoY
Revenue
$11.0M
+20.9% YoY
Net Investment Income
$40K
-50.1% YoY
Expenses
$10.7M
+1.4% YoY
About United States Naval Institute
Based on IRS filings
United States Naval Institute is a nonprofit organization, based in ANNAPOLIS, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.8M in total assets. Net investment income was $40K.
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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 | $7,770,195 | $6,986,699 | $37,452,353 |
| Revenue | $10,963,609 | $9,064,791 | $10,573,853 |
| Expenses | $10,714,748 | $10,563,594 | $10,507,303 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $40,287 | $80,662 | — |
| 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 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RADM RAYMOND SPICER USN | CEO, PUBLISHER, DIR | 30 | $362,246 |
| ROBERT O WORK | CHAIR, DIR (THRU 5/24) | 2 | — |
| HARRY HARRIS | CHAIR, DIRECTOR | 2 | — |
| JONATHAN W GREENERT | VICE CHAIR, DIR (THRU 5/24) | 2 | — |
| ELLEN LORD | VICE CHAIR, DIRECTOR | 2 | — |
| CHARLES BOLDEN | DIRECTOR | 1 | — |
| CALVIN CASS JR | DIRECTOR | 1 | — |
| DEVERE CROOKS | DIRECTOR | 1 | — |
| CHRISTINE FOX | DIRECTOR | 1 | — |
| THOMAS FURLONG | DIRECTOR | 1 | — |
| WILLIAM HANNIGAN | DIRECTOR | 1 | — |
| MEL IMMERGUT | DIRECTOR | 1 | — |
| FRED M MIDGETTE | DIRECTOR | 1 | — |
| C MICHAEL PETTERS | DIRECTOR | 1 | — |
| LORI E REYNOLDS | DIRECTOR | 1 | — |
| CHARLES A RICHARD | DIRECTOR | 1 | — |
| MICHAEL S ROGERS | DIRECTOR | 1 | — |
| RUSSELL L SMITH | DIRECTOR | 1 | — |
| SCOTT SWIFT | DIRECTOR | 1 | — |
| ROBERT S WALSH | DIRECTOR | 1 | — |
| THAD W ALLEN | DIRECTOR (THRU 5/24) | 1 | — |
| THOMAS E CLARITY | DIRECTOR (THRU 6/24) | 1 | — |
| MARGARET D KLEIN | DIRECTOR (THRU 5/24) | 1 | — |
| DOUGLAS WALLEN | CFO, TREASURER | 32 | $213,623 |
| VADM PETER H DALY USN RET | FORMER CEO, CONSULTANT | 6 | $165,239 |
| WILLIAM HAMBLET | EVP PERIODIC, MEMBERS, MAR | 40 | $214,330 |
| HEATHER LANCASTER | EVP DEVELOPMENT | 5 | $211,267 |
| APRIL PARRECO | EVP CONFERENCES & EVENTS | 40 | $194,897 |
| ADAM KANE | DIRECTOR, NAVAL INSTITUTE | 40 | $171,386 |
Frequently Asked Questions
How large is United States Naval Institute?
As of 2024, United States Naval Institute holds $7.8M in total assets with $11.0M in annual revenue.
Where does United States Naval Institute operate?
United States Naval Institute has awarded grants in Maryland.
What is United States Naval Institute's EIN?
United States Naval Institute's EIN (Employer Identification Number) is 52-0643040. 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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