Overview
What is Naval Submarine League?
The Naval Submarine League is a nonprofit organization based in Alexandria, Virginia, with a primary focus on advocating for a robust undersea arm of the United States Navy. They strive to foster mutual understanding between American society and the government entities responsible for submarine acquisition and employment. The organization serves as a platform for professionals, academia, and industry to discuss and tackle undersea warfare challenges, promoting communication and collaboration among these communities. Their annual symposium and industry update facilitate the exchange of relevant information regarding submarines and underwater warfare, including unmanned systems. The event attracts Navy leadership and industry representatives, providing ample opportunities for networking and problem-solving. With a tight-knit team of 12 employees, the Naval Submarine League plays a significant role in shaping the future of submarine warfare.
Official website here: www.navalsubleague.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating on Charity Navigator.
The Naval Submarine League has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. This rating is based solely on their strong performance in the Accountability & Finance category, showcasing their commitment to transparency and responsible financial management.
The organization boasts a fully independent board, with 100% of its members meeting the standard for independence. Additionally, all financial statements are subject to rigorous oversight, and there have been no reported diversions of assets, highlighting the integrity of their operations. The high program expense ratio indicates that a significant portion of funds is directed towards their mission-related activities.
While the overall rating is commendable, the summary does not provide insights into the organization’s program effectiveness or community impact. Potential donors may want to seek additional information about the League's specific initiatives and outcomes to better understand the full scope of their contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Naval Submarine League legitimate?
Naval Submarine League is a legitimate nonprofit organization registered as a 501(c)(3) entity. Naval Submarine League submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $206,196
Professional Fundraising Fees: $0
Other Salaries and Wages: $252,499
For more financial information, click here
Official website here: www.navalsubleague.org
What is the mission statement of Naval Submarine League?
The Naval Submarine League aims to actively foster awareness among various sectors of American society regarding the necessity of a robust undersea naval force. It encourages a harmonious relationship between society and the government entities responsible for the acquisition and operation of submarines for national defense and security. The organization serves as a platform for discussing professional matters related to the Submarine Force and its role in national security. It brings together diverse entities like industry, academia, and government to identify, analyze, and develop potential solutions to undersea warfare challenges. Furthermore, the League promotes better communication and collaboration among these communities to enhance understanding and appreciation of the Submarine Force's past, present, and future contributions.
Official website here: www.navalsubleague.org
Who is the CEO of Naval Submarine League?
William Hilarides is the President of Naval Submarine League.
Official website here: www.navalsubleague.org
What is the revenue of Naval Submarine League?
Naval Submarine League's revenue in 2022 was $2,053,447.
Official website here: www.navalsubleague.org
Who are the executives of Naval Submarine League and what are their salaries?
The average compensation at Naval Submarine League during 2022 was $38,225. There are 12 employees and 7 volunteers at Naval Submarine League.
Here are 26 key members and their salaries:
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Official website here: www.navalsubleague.org
Where can I find the form 990 for Naval Submarine League?
Naval Submarine League's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.navalsubleague.org
Learn more at the official website: www.navalsubleague.org
Mission Statement of Naval Submarine League
The Naval Submarine League, a nonprofit organization, is committed to fostering a strong undersea arm of the United States Navy. This is achieved by actively seeking opportunities to raise awareness about the importance of this branch of the Navy among various sectors of American society. The League also encourages a close working relationship between American society and the government entities responsible for acquiring and employing submarines for national defense and security.
In addition to this, the Naval Submarine League serves as a platform for professional discussions related to the Submarine Force and its role in national security. This forum allows League members to express their views and perspectives, while bringing together diverse elements of industry, academia, and government to identify, study, and develop potential solutions to undersea warfare challenges. Furthermore, the League promotes greater communication and understanding among these communities, with the aim of appreciating the past, present, and future contributions of the Submarine Force.
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Impact
July, 2024
The Naval Submarine League plays a crucial role in promoting awareness of the importance of a strong undersea arm of the United States Navy across American society. It fosters close relationships between various segments of society and government responsible for submarines, enhances professional discussions on submarine matters, and facilitates collaboration between industry, academia, and government. Through its activities and events like the NSL Annual Symposium & Industry Update, the League contributes significantly to strengthening national security and advancing undersea warfare capabilities.
This information is meant to be a general summary of Naval Submarine League. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $122,942
- Program Service Revenue: $1,524,772
- Gross Receipts: $2,345,564
Assets and Liabilities:
- Total Assets: $4,267,975
- Total Liabilities: $1,306,275
- Net Assets: $2,961,700
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL SYMPOSIUM
Revenue
$498,320
CORP MEMBERS DAYS SPONSOR
Revenue
$205,635
Membership Dues & Assessments
Revenue
$455,370
SUBMARINE REVIEW
Revenue
$47,700
SUBTECH SYMPOSIUM
Revenue
$314,772
Organization Details
Founding Year
1982
Phone
(703) 256-0891Principal Officer
William Hilarides
Main Address
405 North Henry Street, ALEXANDRIA, VA, 22314
Website
www.navalsubleague.orgNTEE Category
Code: W30Z - Public benefit
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