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The Naval Institute Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521814344 ✦ Annapolis, MD ✦ Designated as a 501(c)(3)

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Overview

What is The Naval Institute Foundation Inc?

The Naval Institute Foundation Inc, based in Annapolis, Maryland, is a charitable and educational organization with a mission to support the activities of the United States Naval Institute. Acting as a 509(a)(3) supporting organization, its primary goal is to offer an independent platform for individuals who wish to engage in thoughtful discourse on sea power and other crucial global security matters. By raising funds, the Foundation aims to advance the professional, literary, and scientific understanding of these topics, thereby upholding their vision of giving a voice to those advocating for a strong Navy, Marine Corps, and Coast Guard.


Official website here: www.usni.org

What do the Facebook reviews say about The Naval Institute Foundation Inc?

94% of 940 reviewers on Facebook recommend The Naval Institute Foundation Inc. Here is a summary of their reviews: Many users appreciate the foundation's role as an impartial and informative forum dedicated to Navy-related topics. The community values the depth of knowledge shared and the clarity provided by the organization on various subjects concerning the Navy.

Overall, supporters find the foundation to be a vital resource for anyone interested in naval affairs. It effectively meets the needs of its audience, delivering trustworthy and insightful content that enhances understanding of maritime issues. This positive reception highlights the foundation's commitment to educating and engaging the public regarding naval matters.


This AI summary has been generated from reviews found on Facebook.

Is The Naval Institute Foundation Inc legitimate?

The Naval Institute Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Naval Institute Foundation Inc 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: $342,272
Professional Fundraising Fees: $0
Other Salaries and Wages: $524,098

For more financial information, click here


Official website here: www.usni.org

What is the mission statement of The Naval Institute Foundation Inc?

The Naval Institute Foundation Inc's primary purpose is to fundraise and support the mission of the United States Naval Institute. Established with the objective of operating solely for charitable and educational purposes, the foundation raises funds to advance the institute's mission and policies. The foundation's mission is to provide an independent platform for individuals to engage in thoughtful discussions on sea power and global security-related issues, fostering professional, literary, and scientific understanding. The vision of The Naval Institute Foundation Inc is to give a voice to all who strive for an exceptional Navy, Marine Corps, and Coast Guard.


Official website here: www.usni.org

Who is the CEO of The Naval Institute Foundation Inc?

Peter H Daly is the Principal Officer of The Naval Institute Foundation Inc. The CEO's salary of The Naval Institute Foundation Inc is $0 and their total compensation is $500,099.


Official website here: www.usni.org

What is the revenue of The Naval Institute Foundation Inc?

The Naval Institute Foundation Inc's revenue in 2022 was $5,073,698.


Official website here: www.usni.org

Who are the executives of The Naval Institute Foundation Inc and what are their salaries?

There 7 volunteers at The Naval Institute Foundation Inc.


Here are 10 key members and their salaries (The Naval Institute Foundation Inc's CEO's salary is $0 and their total compensation is $500,099):


Vadm Peter H Daly Usn Ret (Ceo, Director)
  • Compensation: $0
  • Related: $491,002
  • Other: $9,097
Heather Lancaster (Coo, Secretary, Director)
  • Compensation: $0
  • Related: $188,867
  • Other: $6,779
Gen Peter Pace Usmc Ret (Chairman, Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael M Wiseman Esq (Vice-Chairman, Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Radm Kendell Pease Usn Ret (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Stephen M Waters (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cdr Gregory E Glaros Usn Ret (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adm Jonathan Greenert Usn Ret (Director - Board Liaison)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marti Tomson Rodamaker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas Wallen (Treasurer)
  • Compensation: $0
  • Related: $200,024
  • Other: $30,262


Official website here: www.usni.org

Where can I find the form 990 for The Naval Institute Foundation Inc?

The Naval Institute Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.usni.org

Learn more at the official website: www.usni.org

Mission Statement of The Naval Institute Foundation Inc

The Naval Institute Foundation Inc, acting as a supporting organization, is dedicated to raising funds for charitable and educational purposes, aiming to advance the mission and policies of the United States Naval Institute. This foundation serves as an independent forum, encouraging reading, thinking, speaking, and writing on topics related to sea power and other global security issues. The vision of The Naval Institute Foundation Inc is to provide a platform for individuals who aspire to see the finest Navy, Marine Corps, and Coast Guard, promoting professional, literary, and scientific understanding in these areas.

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Impact




October, 2024

The Naval Institute Foundation Inc significantly contributes to the advancement of naval and military discourse by providing critical support to the United States Naval Institute. Through fundraising efforts, it ensures that the Institute can continue to serve as an independent forum for dialogue on sea power and global security issues. By promoting literature and scientific understanding related to maritime strategy, the Foundation plays a vital role in fostering informed conversations among military professionals, scholars, and enthusiasts alike.

Its mission is to advocate for a robust Navy, Marine Corps, and Coast Guard, giving voice to those committed to these causes. The Foundation's efforts help maintain the relevance of naval expertise in contemporary discussions, emphasizing the importance of education and informed debate in shaping the future of naval policy and operations. Through its commitment to raising funds for these initiatives, the Foundation ensures that critical topics related to maritime security and strategy remain at the forefront of national and international discourse.




This information is meant to be a general summary of The Naval Institute Foundation Inc. 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.

Revenue
$5,073,698 (2022)
Expenses
$5,558,232 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $109,157
  • Gross Receipts: $5,073,698

Assets and Liabilities:

  • Total Assets: $13,167,023
  • Total Liabilities: $5,878,570
  • Net Assets: $7,288,453

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Organization Details

Founding Year

1992

Principal Officer

Peter H Daly

Main Address

291 WOOD ROAD, ANNAPOLIS, MD, 214025034

NTEE Category

Code: T11 - Philanthropy

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