NAVAL SUBMARINE LEAGUE

EIN: 521270467 501(c)(3) Public & Societal Benefit

ALEXANDRIA, VA

Total Revenue
$2,649,943
Total Expenses
$2,441,178
Total Assets
$4,601,941
Net Assets
$3,597,603
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
VA
Principal Officer
STEVE FISHER
Phone
7032560891
Tax Period
2024-04-01 to 2025-03-31

NAVAL SUBMARINE LEAGUE, founded in 1982, is a community nonprofit in the Public & Societal Benefit sector that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 8% surplus.

Mission

ORGANIZATION MISSION THE LEAGUE SHALL A. ACTIVELY SEEK OPPORTUNITIES TO STIMULATE AND PROMOTE AWARENESS, BY ALL ELEMENTS OF AMERICAN SOCIETY, OF THE NEED FOR A STRONG UNDERSEA ARM OF THE UNITED STATES NAVY. B ENCOURAGE MUTUAL UNDERSTANDING AND A CLOSE WORKING RELATIONSHIP BETWEEN AMERICAN SOCIETY AND THOSE SEGMENTS OF THE UNITED STATES GOVERNMENT RESPONSIBLE FOR THE ACQUISITION AND EMPLOYMENT OF SUBMARINES FOR THE COMMON DEFENSE AND NATIONAL SECURITY. C PROVIDE A FORUM ON PROFESSIONAL MATTERS AFFECTING THE SUBMARINE FORCE AND ITS INTEGRAL ROLE IN NATIONAL SECURITY WHEREBY THE VIEWS AND PERCEPTIONS OF LEAGUE MEMBERS CAN BE FOCUSED AND EXPOUNDED, AND DIVERSE ELEMENTS OF INDUSTRY, ACADEMIA, AND GOVERNMENT CAN BE BROUGHT TOGETHER TO IDENTIFY, STUDY, AND DEVELOP POTENTIAL SOLUTIONS TO UNDERSEA WARFARE CHALLENGES. D PROMOTE GREATER LIAISON AND COMMUNICATIONS AMONG GOVERNMENT, ACADEMIC, AND BUSINESS COMMUNITIES TO FURTHER UNDERSTANDING AND APPRECIATION OF THE PAST, PRESENT, AND FUTURE CONTRIBUTIONS OF THE SUBMARINE FORCE TO NATIONAL SECURITY. E PUBLICALLY RECOGNIZE PROFESSIONAL EXCELLENCE IN THE SUBMARINE FORCE AND PURSUE OPPORTUNITIES TO PROMOTE SUBMARINE FORCE ESPRIT DE CORPS, AND FFOSTER AND PRESERVE THE HERITAGE OF THE SUBMARINE FORCE IN ORDER TO HELP AMERICAN SOCIETY UNDERSTAND AND APPRECIATE PAST CONTRIBUTIONS OF THE SUBMARINE FORCE AND ITS FUTURE PROMISE IN THE PRESERVATION OF OUR NATIONAL SECURITY.

Program Service Accomplishments

Program 1
Expenses: $732,468 Revenue: $626,791

OTHER PROGRAMS INVOLVE BOTH STAFF AND INDIVIDUAL MEMBERS ACROSS THE COUNTRY. CHAPTERS NATIONWIDE RECEIVE ANNUAL STIPENDS EVERY NSL MEMBER IS AFFILIATED WITH A CHAPTER AND RECEIVES NEWS OF LOCAL...

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OTHER PROGRAMS INVOLVE BOTH STAFF AND INDIVIDUAL MEMBERS ACROSS THE COUNTRY. CHAPTERS NATIONWIDE RECEIVE ANNUAL STIPENDS EVERY NSL MEMBER IS AFFILIATED WITH A CHAPTER AND RECEIVES NEWS OF LOCAL CHAPTER MEETINGS AND OPPORTUNITIES TO PARTICIPATE IN PROMOTING THE MISSION OF THE NSL. ACTIVE-DUTY SUPPORT INCLUDES AWARDS, COMMISSIONING COMMITTEES, A MENTOR PROGRAM AND SUPPORT TO THE NROTC, SUB CLUBS, AND THE US NAVAL ACADEMY. COMMUNICATING WITH THE PUBLIC ABOUT THE IMPORTANCE OF SUBMARINES TO THE NATIONAL DEFENSE IS ACCOMPLISHED THROUGH INDUSTRY BRIEFS, SPEAKERS BUREAU, THE SUBMARINE REVIEW QUARTERLY MAGAZINE AND ONLINE ARCHIVE, AND THE NSL WEBSITE. THE HERITAGE OF THE SUBMARINE FORCE IS PRESERVED VIA DISTINGUISHED CIVILIAN AND SUBMARINER ANNUAL AWARDS, RECORDED INTERVIEWS, SUPPORT FOR SUBMARINE REUNIONS, AND THE DEVELOPMENT OF A LIBRARY AND RESOURCE CENTER.

Program 2
Expenses: $570,409 Revenue: $643,457

THE PURPOSE OF THE NSL ANNUAL SYMPOSIUM INDUSTRY UPDATE IS TO FACILITATE THE EXCHANGE OF BUSINESS, TECHNICAL, AND PROFESSIONAL INFORMATION RELEVANT TO SUBMARINES AND UNDERSEA WARFARE, INCLUDING...

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THE PURPOSE OF THE NSL ANNUAL SYMPOSIUM INDUSTRY UPDATE IS TO FACILITATE THE EXCHANGE OF BUSINESS, TECHNICAL, AND PROFESSIONAL INFORMATION RELEVANT TO SUBMARINES AND UNDERSEA WARFARE, INCLUDING UNMANNED SYSTEMS. THE TWO-DAY EVENT IS TRADITIONALLY ACCEPTED BY DOD AS A WIDELY ATTENDED GATHERING, ENABLING ACTIVE-DUTY ATTENDANCE. PRESENTATIONS ARE MADE BY SUBMARINE FORCE LEADERSHIP WITH UPDATES ON MAJOR ACQUISITION AND PROGRAMMATIC ISSUES. INDUSTRY AND GOVERNMENT AGENCIES PRESENT DISCUSSION AND SOLUTIONS VIA EXHIBIT DISPLAYS. THERE ARE CONTINUOUS OPPORTUNITIES FOR NAVY LEADERSHIP AND INDUSTRY NETWORKING.

Program 3
Expenses: $423,431 Revenue: $659,105

THE SUBMARINE TECHNOLOGY SYMPOSIUM STS IS A CLASSIFIED SECRET/NOFORN THREE-DAY CONFERENCE HELD ON THE CAMPUS OF JOHNS HOPKINS UNIVERSITY APPLIED PHYSICS LABORATORY. THE PURPOSE OF THE STS IS TO...

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THE SUBMARINE TECHNOLOGY SYMPOSIUM STS IS A CLASSIFIED SECRET/NOFORN THREE-DAY CONFERENCE HELD ON THE CAMPUS OF JOHNS HOPKINS UNIVERSITY APPLIED PHYSICS LABORATORY. THE PURPOSE OF THE STS IS TO FACILITATE THE EXCHANGE OF BUSINESS, TECHNICAL, AND PROFESSIONAL INFORMATION RELEVANT TO SUBMARINES AND UNDERSEA WARFARE, INCLUDING UNMANNED SYSTEMS. THIS IS A PREMIER OPPORTUNITY FOR NAVY LEADERSHIP, INDUSTRY AND ACADEMIA TO ENGAGE IN PRODUCTIVE TECHNICAL EXCHANGES. INDUSTRY, GOVERNMENT, AND ACADEMIA ARE INVITED TO SUBMIT ABSTRACTS FOR PRESENTATION. THE ON-SITE FORMAT INCLUDES SELECTED DISPLAYS OF NEW TECHNOLOGY DEVELOPMENTS. SPEAKERS GENERALLY ALLOW TIME FOR QA AND THERE ARE BREAKS BETWEEN SESSIONS TO FOSTER DISCUSSION AND NETWORKING.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $440,912
Program Service Revenue $2,115,730
Investment Income $88,348
Other Revenue $4,953
TOTAL REVENUE $2,649,943

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,042,927
Fundraising Expenses $18,693
Program Expenses $2,097,319
Other Expenses $1,398,251
TOTAL EXPENSES $2,441,178

Year-over-Year Comparison

2024 2023 Change
Revenue $2,649,943 $2,227,754 +0.2%
Expenses $2,441,178 $2,106,427 +0.2%
Net Income $208,765 $121,327 +0.7%
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
23
Independent Members
23
Employees
13
Volunteers
23

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
6
$164,981
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN FISCHER EXECUTIVE DIRECTOR 040.00
Officer
$162,494 $2,487 $164,981
SARAH ARMSTRONG DIRECTOR, CORPORATE ENGAGEMENT EVENTS 040.00
Highest
$106,602 $14,470 $121,072
WILLY HILARIDES PRESIDENT 001.00
Officer Director
$0 $0 $0
LAURA HOOKS VICE PRESIDENT 001.00
Officer Director
$0 $0 $0
MIKE MCCALIP TREASURER 001.00
Officer Director
$0 $0 $0
ROBERT HOGUE SECRETARY 001.00
Officer Director
$0 $0 $0
JON GREENERT CHAIR 4/24 - 11/24 001.00
Officer Director
$0 $0 $0
JOHN RICHARDSON CHAIR 11/24 - 3/2025 001.00
Director
$0 $0 $0
GREGG BAUER DIRECTOR 001.00
Director
$0 $0 $0
TERRY BENEDICT DIRECTOR 001.00
Director
$0 $0 $0
RICK BRECKENRIDGE DIRECTOR 001.00
Director
$0 $0 $0
EDMUND GIAMBASTIANI DIRECTOR 001.00
Director
$0 $0 $0
KAREN CONTI DIRECTOR 001.00
Director
$0 $0 $0
KAREN HENNEBERGER DIRECTOR 001.00
Director
$0 $0 $0
MARK RAYHA DIRECTOR 001.00
Director
$0 $0 $0
SANDY HODGKINSON DIRECTOR 001.00
Director
$0 $0 $0
FREDERICK ROEGGE DIRECTOR 001.00
Director
$0 $0 $0
CHRISTOPHER ROGAN DIRECTOR 001.00
Director
$0 $0 $0
DAVID JOHNSON DIRECTOR 001.00
Director
$0 $0 $0
RICHARD MCNAMARA DIRECTOR 001.00
Director
$0 $0 $0
JEFFREY TRUSSLER DIRECTOR 001.00
Director
$0 $0 $0
SCOTT VANBUSKIRK DIRECTOR 001.00
Director
$0 $0 $0
KARA WILKINSON DIRECTOR 001.00
Director
$0 $0 $0
JONATHAN VETETO DIRECTOR 001.00
Director
$0 $0 $0
ERICA LEINMILLER DIRECTOR 001.00
Director
$0 $0 $0
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 $2,649,943 $2,441,178 $4,601,941 $208,765
2024 $2,227,754 $2,106,427 $4,287,611 $121,327
2023 $2,028,901 $1,881,940 $4,077,473 $146,961
2022 $2,053,447 $1,517,132 $4,267,975 $536,315
2021 $1,810,280 $911,741 $4,114,140 $898,539
2020 $1,674,060 $1,432,981 $2,798,672 $241,079
2019 $1,711,402 $1,289,983 $1,830,294 $421,419
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