NAVAL POSTGRADUATE SCHOOL FOUNDATION INC

EIN: 237098729 501(c)(3) Education

MONTEREY, CA

Total Revenue
$16,867,458
Total Expenses
$8,157,734
Total Assets
$31,433,982
Net Assets
$28,093,626
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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
CA
Principal Officer
RICH PATTERSON
Phone
8316562339
Tax Period
2024-07-01 to 2025-06-30

NAVAL POSTGRADUATE SCHOOL FOUNDATION INC, founded in 1970, is a mid-sized nonprofit in the Education sector that reported $16.9M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.7M, a strong 52% operating margin.

Mission

OUR MISSION IS TO SUPPORT THE NAVAL POSTGRADUATE SCHOOL BY PROVIDING FUNDING AND PROGRAMMATIC SUPPORT FOR EDUCATION, RESEARCH, TECHNOLOGY DEVELOPMENT, INSTITUTIONAL INITIATIVES, AND COMMUNITY PROGRAMS THAT ADVANCE NATIONAL SECURITY AND SERVE NPS' MILITARY STUDENTS AND ALUMNI.

Program Service Accomplishments

Program 1
Expenses: $529,557 Revenue: $0

THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS THE PEOPLE OF THE NAVAL POSTGRADUATE SCHOOL, INCLUDING ACTIVE-DUTY STUDENTS, THEIR FAMILIES, FACULTY, STAFF, AND ALUMNI. THESE PROGRAMS STRENGTHEN...

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THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS THE PEOPLE OF THE NAVAL POSTGRADUATE SCHOOL, INCLUDING ACTIVE-DUTY STUDENTS, THEIR FAMILIES, FACULTY, STAFF, AND ALUMNI. THESE PROGRAMS STRENGTHEN QUALITY OF LIFE, COMMUNITY CONNECTION, AND CONTINUITY FOR SERVICE MEMBERS AND FAMILIES DURING RIGOROUS GRADUATE EDUCATION AND CONTINUED SERVICE.PEOPLE:THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS THE 2,500+ ACTIVE-DUTY STUDENTS AND THEIR FAMILIES AT THE NAVAL POSTGRADUATE SCHOOL, ALONG WITH NEARLY 1,000 FACULTY, STAFF MEMBERS, AND 60,000+ ALUMNI MAKING UP THE NPS COMMUNITY. THE NPS STUDENT BODY CONSISTS OF 88% ACTIVE-DUTY SERVICE MEMBERS FROM ACROSS THE U.S. ARMED SERVICES, ALONG WITH OVER 200 INTERNATIONAL STUDENTS FROM APPROXIMATELY 50 PARTNER NATIONS.THE NPS FOUNDATION SUPPORTS PROGRAMS THAT IMPROVE QUALITY OF LIFE FOR NPS STUDENTS AND THEIR FAMILIES, HELPING THEM BUILD COMMUNITY, RELATIONSHIPS AND STRENGTHEN THE FAMILY UNIT DURING THEIR TIME IN MONTEREY. DURING FY 24-25, THE FOUNDATION SUPPORTED 20 RECREATION AND AFFINITY CLUBS WITHIN THE NPS COMMUNITY. APPROXIMATELY 1,000 NPS COMMUNITY MEMBERS, INCLUDING STUDENTS, FACULTY, STAFF, AND FAMILY MEMBERS, PARTICIPATE IN THESE CLUBS AT NO COST. CLUB ACTIVITIES SPAN A WIDE RANGE OF INTERESTS, INCLUDING CHESS, CYBER, CYCLING, DRONES, ENTREPRENEURSHIP, FLYING, GOLF, INTERNATIONAL AND LANGUAGE CIRCLES, MAKERS, MOTORCYCLE, RUNNING, SAILING, SKYDIVING, SOCCER, VEHICLES AND WINE. THESE CLUBS PROVIDE OPPORTUNITIES FOR LEADERSHIP DEVELOPMENT, SKILL-BUILDING AND COMMUNITY CONNECTION.THE NPS FOUNDATION ALSO OPERATES THE NPS ALUMNI ASSOCIATION, WHICH SUPPORTS LOCAL, REGIONAL AND INTERNATIONAL ALUMNI ENGAGEMENT. ALUMNI PROGRAMS INCLUDE NETWORKING EVENTS, PROFESSIONAL DEVELOPMENT OPPORTUNITIES AND ONGOING COMMUNICATIONS THAT HELP MAINTAIN LONG-TERM CONNECTION TO NPS. IN FY 24-25, THE FOUNDATION SUPPORTED ALUMNI PROGRAMS, MEMBERSHIP SERVICES AND ENGAGEMENT ACTIVITIES SERVING A DIVERSE ALUMNI POPULATION THAT INCLUDES MORE THAN 10,000 ACTIVE MEMBERS.

Program 2
Expenses: $1,837,381 Revenue: $0

THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS APPLIED RESEARCH AND EDUCATION AT THE NAVAL POSTGRADUATE SCHOOL BY PROVIDING FUNDING FOR RESEARCH TOOLS, GRANTS, FELLOWSHIPS, AND AWARDS ALIGNED WITH...

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THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS APPLIED RESEARCH AND EDUCATION AT THE NAVAL POSTGRADUATE SCHOOL BY PROVIDING FUNDING FOR RESEARCH TOOLS, GRANTS, FELLOWSHIPS, AND AWARDS ALIGNED WITH NATIONAL SECURITY PRIORITIES. THESE INVESTMENTS SUPPORT INTERDISCIPLINARY COLLABORATION AND STUDENT AND FACULTY RESEARCH ADDRESSING OPERATIONAL CHALLENGES.RESEARCH:THE NPS FOUNDATION SUPPORTS APPLIED RESEARCH AND EDUCATION AT THE NAVAL POSTGRADUATE SCHOOL BY PROVIDING FLEXIBLE FUNDING FOR RESEARCH TOOLS, GRANTS, FELLOWSHIPS AND AWARDS ALIGNED WITH NATIONAL SECURITY PRIORITIES. THESE INVESTMENTS SUPPORT INTERDISCIPLINARY COLLABORATION AND ENABLE STUDENTS AND FACULTY TO PURSUE RESEARCH ADDRESSING OPERATIONAL CHALLENGES.A CENTRAL COMPONENT OF THE FOUNDATION'S RESEARCH SUPPORT IS ATHENA, A DEFENSE-FOCUSED RESEARCH DISCOVERY AND COLLABORATION PLATFORM DEVELOPED AND OPERATED BY THE FOUNDATION. ATHENA ENABLES RESEARCHERS, SPONSORS AND LEADERS ACROSS NPS, THE NAVAL EDUCATION ENTERPRISE AND THE LARGER NAVY AND JOINT FORCE TO IDENTIFY, ACCESS AND ANALYZE RESEARCH ACTIVITY USING TOPICS OF INTEREST, SERVICE PRIORITIES AND OTHER FILTERS. THE PLATFORM SUPPORTS VISIBILITY ACROSS RESEARCH EFFORTS AND FACILITATES COLLABORATION AMONG STUDENTS, FACULTY AND EXTERNAL STAKEHOLDERS.

Program 3
Expenses: $4,579,416 Revenue: $0

THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS INSTITUTIONAL INITIATIVES THAT STRENGTHEN THE NAVAL POSTGRADUATE SCHOOL'S LONG-TERM CAPACITY TO EDUCATE NATIONAL SECURITY LEADERS AND CONDUCT APPLIED...

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THE NAVAL POSTGRADUATE SCHOOL FOUNDATION SUPPORTS INSTITUTIONAL INITIATIVES THAT STRENGTHEN THE NAVAL POSTGRADUATE SCHOOL'S LONG-TERM CAPACITY TO EDUCATE NATIONAL SECURITY LEADERS AND CONDUCT APPLIED RESEARCH AND SOLUTION DEVELOPMENT FOR THE NAVAL AND JOINT FORCE. IN FY 24-25, THESE EFFORTS INCLUDED PLANNING AND DEVELOPMENT OF THE NAVAL INNOVATION CENTER AT NPS, INVESTMENTS IN ON-CAMPUS LABORATORIES, SECURE AND CLASSIFIED SPACES AND INFRASTRUCTURE, AND EVENTS THAT SUPPORT INDUSTRY AND GOVERNMENT PARTNERSHIP. INSTITUTION:THE NPS FOUNDATION SUPPORTS INSTITUTIONAL INITIATIVES THAT STRENGTHEN THE NAVAL POSTGRADUATE SCHOOL'S LONG-TERM CAPACITY TO EDUCATE, RESEARCH, AND DEVELOP SOLUTIONS FOR THE NAVAL AND JOINT FORCE. THESE EFFORTS FOCUS ON FACILITIES, INFRASTRUCTURE, PARTNERSHIPS, AND INSTITUTIONAL ENGAGEMENT THAT SUPPORT SOLUTION DELIVERY AND APPLIED RESEARCH.IN FY 24-25, THE FOUNDATION SUPPORTED PLANNING, PARTNERSHIPS, AND INFRASTRUCTURE RELATED TO THE NAVAL INNOVATION CENTER AT NPS, A FUTURE FACILITY THAT WILL SERVE AS A HUB FOR COLLABORATION, EXPERIMENTATION, APPLIED RESEARCH, AND SOLUTION DEVELOPMENT FOR THE NAVAL AND JOINT FORCE.FY 24-25 ALSO INCLUDED PLANNING AND EXECUTION OF THE EMERGING TECHNOLOGY SHOWCASE, WHICH CONVENES STUDENTS, FACULTY, GOVERNMENT, AND INDUSTRY PARTNERS TO HIGHLIGHT APPLIED RESEARCH, FOSTER COLLABORATION, AND STRENGTHEN PATHWAYS FROM RESEARCH TO OPERATIONAL RELEVANCE.INSTITUTIONAL SUPPORT IN FY 24-25 ALSO INCLUDED INFRASTRUCTURE THAT ENABLES ADVANCED COMPUTING, MODELING, SIMULATION AND AI EDUCATION AND EXPERIMENTATION, AND FACILITY UPGRADES TO LABORATORIES, INCLUDING CLASSIFIED SPACES, AND STUDENT COLLABORATION SPACES. THESE INVESTMENTS STRENGTHEN NPS' CAPACITY TO INTEGRATE EMERGING TECHNOLOGIES INTO EDUCATION AND RESEARCH AND TO SUPPORT COLLABORATION AMONG GOVERNMENT, INDUSTRY AND ACADEMIC PARTNERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,308,792
Program Service Revenue $0
Investment Income $896,559
Other Revenue $-337,893
TOTAL REVENUE $16,867,458

Expense Breakdown

Grants Paid $343,758
Salaries & Benefits $2,026,883
Fundraising Expenses $478,992
Program Expenses $6,946,354
Other Expenses $5,787,093
TOTAL EXPENSES $8,157,734

Year-over-Year Comparison

2024 2023 Change
Revenue $16,867,458 $10,994,072 +0.5%
Expenses $8,157,734 $3,558,930 +1.3%
Net Income $8,709,724 $7,435,142 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
27
Independent Members
27
Employees
14
Volunteers
110

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$398,346
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW PAUL TRUSTEE 2.00
Director
$0 $0 $0
SUSAN BYRNE MONTGOMERY TRUSTEE 2.00
Director
$0 $0 $0
SCOTT NEGRI TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM O'DONNELL TRUSTEE 2.00
Director
$0 $0 $0
DANIEL OLIVER TRUSTEE 2.00
Director
$0 $0 $0
LEONARD RIGGS TRUSTEE 2.00
Director
$0 $0 $0
THOMAS PRESCOTT TRUSTEE 2.00
Director
$0 $0 $0
DAVID RICE TRUSTEE 2.00
Director
$0 $0 $0
NORM WESLEY TRUSTEE 2.00
Director
$0 $0 $0
ANDREW ROSENBERG TRUSTEE 2.00
Director
$0 $0 $0
ROBERT SKINNER TRUSTEE 2.00
Director
$0 $0 $0
HANS USLAR TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL MORGAN TRUSTEE 2.00
Director
$0 $0 $0
LISA LAPIN TRUSTEE 2.00
Director
$0 $0 $0
ANTON MARANO TRUSTEE 2.00
Director
$0 $0 $0
STEVEN LERMAN TRUSTEE 2.00
Director
$0 $0 $0
MARK KAUFMAN TRUSTEE 2.00
Director
$0 $0 $0
ROBERT JAUNICH THRU 32025 TRUSTEE 2.00
Director
$0 $0 $0
KAREN HARGROVE TRUSTEE 2.00
Director
$0 $0 $0
CHRIS FUSSELL TRUSTEE 2.00
Director
$0 $0 $0
RICHARD ELSTER TRUSTEE 2.00
Director
$0 $0 $0
JAMES CAREY TRUSTEE 2.00
Director
$0 $0 $0
KENNETH BEALL TRUSTEE 2.00
Director
$0 $0 $0
HANK PLAIN CHAIR 2.00
Officer Director
$0 $0 $0
PAUL GREGORY TREASURER 2.00
Officer Director
$0 $0 $0
EVAN ALLEN SECRETARY 2.00
Officer Director
$0 $0 $0
DAN LYNCH TRUSTEE 2.00
Director
$0 $0 $0
JOHN MICEK TRUSTEE 2.00
Director
$0 $0 $0
RICHARD PATTERSON CEO 40.00
Officer
$270,746 $127,600 $398,346
TODD LYONS EXECUTIVE VICE PRESIDENT 40.00
Highest
$219,604 $13,627 $233,231
DEVIN SMILEY ATHENA PROGRAM MANAGER 40.00
Highest
$147,832 $12,220 $160,052
ALYSSA OLSON VP OF STRAT. INITIATIVES 40.00
Highest
$118,747 $23,913 $142,660
DESIREE DILLEHAY VP OF STRAT. ALLIANCE 40.00
Highest
$118,550 $8,274 $126,824
TIMOTHY HUGHES ATHENA SOFTWARE ENGINEER 40.00
Highest
$115,632 $7,393 $123,025
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $16,867,458 $8,157,734 $31,433,982 $8,709,724
2024 No data No data No data No data
2023 $3,693,672 $3,591,947 $10,003,346 $101,725
2022 $3,948,265 $5,230,483 $10,669,568 $-1,282,218
2021 $3,979,896 $2,009,999 $11,664,681 $1,969,897
2018 $1,428,426 $2,231,071 $7,492,933 $-802,645
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