SEE SCHEDULE O.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$369.1M
+12.7% YoY
Annual Giving
$31.5M
-4.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$15.8M
-4.0% YoY
About Us Naval Academy Foundation Inc
Based on IRS filings
Us Naval Academy Foundation Inc is a nonprofit organization focused on Education, based in ANNAPOLIS, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $369.1M in total assets. In 2024, it awarded 2 grants totaling $31.5M. Net investment income was $10.4M.
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 | $369,145,916 | $327,456,944 | $305,968,176 |
| Revenue | $60,735,637 | $42,720,596 | $47,603,619 |
| Expenses | $43,615,672 | $44,107,220 | $48,937,066 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $10,388,704 | $6,266,494 | $13,532,851 |
| 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 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Us Naval Academy ($28,271,130), Us Naval Academy Alumni Association Inc ($3,266,662).
| Recipient | Purpose | Amount |
|---|---|---|
| US NAVAL ACADEMY ALUMNI ASSOCIATION INC ANNAPOLIS, MD | GENERAL SUPPORT | $3,266,662 |
| US NAVAL ACADEMY ANNAPOLIS, MD | GENERAL SUPPORT | $28,271,130 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEFFREY R WEBB | PRESIDENT/CEO (SEE SCH J) | 36 | $337,238 |
| AMB RICHARD L ARMITAGE | DIRECTOR | 2 | — |
| DR LYNNE ATKINSON | DIRECTOR | 2 | — |
| MR WILLIAM A BASTIAN II | DIRECTOR | 2 | — |
| MR JAMES BELL | DIRECTOR | 2 | — |
| MAJGEN CHARLES F BOLDEN JR USMC R | DIRECTOR | 2 | — |
| MR CHARLES H CANNON JR | DIRECTOR | 2 | — |
| MR HARRY COKER JR | DIRECTOR | 2 | — |
| MR JOHN F CROWLEY | DIRECTOR | 2 | — |
| RADM AB CRUZ III | DIRECTOR | 2 | — |
| MR WILLIAM DAVIS | DIRECTOR | 2 | — |
| MR DAVID P DAWSON | DIRECTOR | 2 | — |
| MR GEORGE DENNIS | DIRECTOR | 2 | — |
| CDR JOHN M DILLON USNR RET | DIRECTOR | 2 | — |
| ADM JAMES O ELLIS JR USN RET | DIRECTOR | 2 | — |
| ADM MARK E FERGUSON III USN RET | DIRECTOR | 2 | — |
| MR ALFRED E FESTA | DIRECTOR | 2 | — |
| MR MATTHEW R GIBSON | DIRECTOR | 2 | — |
| ADM CECIL D HANEY USN RET | DIRECTOR | 2 | — |
| MR MICHAEL HEMOCOVICH | DIRECTOR | 2 | — |
| VADM MARY JACKSON | DIRECTOR | 2 | — |
| MR RICHARD L KEYSER | DIRECTOR (THRU 10/26/23) | 2 | — |
| MR THOMAS C KNUDSON | DIRECTOR | 2 | — |
| MR TIG H KREKEL | DIRECTOR | 2 | — |
| MS GREER O LAUTRUP | DIRECTOR | 2 | — |
| MRS MARY LOOKER | DIRECTOR | 2 | — |
| MR JERROLD L MILLER | DIRECTOR | 2 | — |
| MR CHARLEY MOORE | DIRECTOR | 2 | — |
| ADM WILLIAM F MORAN USN RET | DIRECTOR | 2 | — |
| ADM MICHAEL G MULLEN USN RET | DIRECTOR | 2 | — |
| ADM ROBERT J NATTER USN RET | DIRECTOR | 2 | — |
| LCDR RONALD L NICOL USNR | DIRECTOR | 2 | — |
| MR C MICHAEL PETTERS | DIRECTOR | 2 | — |
| MR ROBERT V PRAGADA | DIRECTOR | 2 | — |
| MR PAUL B PRAGER | DIRECTOR | 2 | — |
| MR DAVID B RICH | DIRECTOR | 2 | — |
| VADM JOHN R RYAN USN RET | DIRECTOR | 2 | — |
| MR JOHN SEMCKEN | DIRECTOR | 2 | — |
| MR KEVIN W SHARER | DIRECTOR | 2 | — |
| MS JOANNA SOHOVICH | DIRECTOR | 2 | — |
| MR PATRICK SULLIVAN | DIRECTOR | 2 | — |
| MR TIMOTHY P SULLIVAN | DIRECTOR | 2 | — |
| MR MICHAEL W TAYLOR | DIRECTOR | 2 | — |
| MR J RONALD TERWILLIGER | DIRECTOR | 2 | — |
| RADM CYNTHIA M THEBAUD USN RET | DIRECTOR | 2 | — |
| VADM JAN TIGHE USN | DIRECTOR | 2 | — |
| MS MARY KAY WEGNER | DIRECTOR | 2 | — |
| MR SCOTT W WINE | DIRECTOR | 2 | — |
| MR J MICHAEL YEAGER | DIRECTOR | 2 | — |
| MR JOHN F YOUNG | DIRECTOR | 2 | — |
| ROBERT W GAST | EVP & CFO/TREAS (THRU 5/10/24) (SEE SCH J) | 33 | $161,163 |
| WILLIAM O'CONNOR | SEC/EVP DEV (SEE SCH J) | 50 | $382,539 |
| LISA STROBEL | EXEC DIRECTOR OF FINANCE (SEE SCH J) | 27.5 | $109,217 |
| DONALD HUGHES | VP ATHLETIC & SCHOLARSHIP PR (SEE SCH J) | 50 | $222,194 |
| MIKE HOFFMAN | VP, REGIONAL DEV (SEE SCH J) | 50 | $175,911 |
| GARRETT KEATING | DIRECTOR, IT (SEE SCH J) | 27.5 | $82,950 |
| JOY JONES | ED, HUMAN RESOURCES (SEE SCH J) | 27.5 | $85,474 |
| TIMOTHY SMITH | DR, FINANCIAL REPORTING (SEE SCH J) | 27.5 | $85,043 |
| NATALIE BRIANAS | ED, DONOR ENG & STRAT PTNR (SEE SCH J) | 50 | $133,088 |
| ADRIANNA BITOUN | ED, STAR TEAM (SEE SCH J) | 50 | $137,569 |
| JORDAN BAILEY | SR AD, ENTERPRISE NETWORK & SECURITY | 27.5 | $72,180 |
| ASHLEY J BAUER | MANAGING REGIONAL DIR, DEVELOPMENT | 50 | $129,082 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Us Naval Academy Foundation Inc?
Us Naval Academy Foundation Inc is a nonprofit organization focused on Education, based in ANNAPOLIS, MD. It holds $369.1M in total assets as of 2024.
How large is Us Naval Academy Foundation Inc?
As of 2024, Us Naval Academy Foundation Inc holds $369.1M in total assets with $60.7M in annual revenue. It awarded 2 grants totaling $31.5M in 2024.
Where does Us Naval Academy Foundation Inc operate?
Us Naval Academy Foundation Inc has awarded grants in Maryland.
What size grants does Us Naval Academy Foundation Inc award?
In 2024, Us Naval Academy Foundation Inc awarded 2 grants totaling $31.5M — an average of about $15.8M per grant, based on its IRS Form 990 filings.
What is Us Naval Academy Foundation Inc's EIN?
Us Naval Academy Foundation Inc's EIN (Employer Identification Number) is 23-7003516. 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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