NAVY LEAGUE FOUNDATION

EIN: 311677884 501(c)(3) Education

ARLINGTON, VA

Total Revenue
$113,251
Total Expenses
$115,705
Total Assets
$3,677,507
Net Assets
$3,653,922
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
DE
Principal Officer
MICHAEL STEVENS
Phone
7035281775
Tax Period
2023-01-01 to 2023-12-31

NAVY LEAGUE FOUNDATION, founded in 1997, is a micro nonprofit in the Education sector that reported $93K in total revenue in fiscal year 2018. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $169K exceeded revenue, resulting in a 81% operating deficit.

Mission

THE MISSION OF THE NAVY LEAGUE FOUNDATION IS TO SUPPORT EDUCATIONAL, ADVOCACY, AND RELATED PROGRAMS THAT BENEFIT MEN AND WOMEN OF THE US SEA SERVICES AND THEIR FAMILIES. THE FOUNDATION IS RESPONSIBLE FOR THE MANAGEMENT OF THE NAVY LEAGUE FOUNDATION SCHOLARSHIP PROGRAM AND ALLOCATION OF OTHER FUNDS DONATED TO THE FOUNDATION FOR CHARITABLE OR EDUCATIONAL PURPOSES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $34,793
Program Service Revenue $0
Investment Income $78,458
Other Revenue $0
TOTAL REVENUE $113,251

Expense Breakdown

Grants Paid $50,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $53,000
Other Expenses $65,705
TOTAL EXPENSES $115,705

Year-over-Year Comparison

2023 2022 Change
Revenue $113,251 $160,406 -0.3%
Expenses $115,705 $115,648 +0.0%
Net Income $-2,454 $44,758 -1.1%
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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
5
$643,872
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JENNIFER LONDON CHAIR 1.00
Officer Director
$0 $0 $0
TOM PRUTER SECRETARY 1.00
Officer Director
$0 $0 $0
JOSEPH GIAMBRONE TREASURER 1.00
Officer Director
$0 $0 $0
LOUIS LIOTTI TRUSTEE 1.00
Director
$0 $0 $0
LYNN ATKINSON TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW NOLTY TRUSTEE 1.00
Director
$0 $0 $0
WARD COOK TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL STEVENS NLUS CEO 1.00
Officer
$0 $28,743 $393,233
RYAN DONALDSON NLUS COO 1.00
Officer
$0 $33,057 $250,639
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
2024 No data No data No data No data
2023 $113,251 $115,705 $3,677,507 $-2,454
2022 $160,406 $115,648 $3,324,754 $44,758
2021 $140,364 $135,055 $3,859,550 $5,309
2020 $107,796 $120,122 $3,558,392 $-12,326
2019 $155,223 $88,716 $3,227,793 $66,507
2018 $93,116 $168,820 $2,751,384 $-75,704
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