Mission
TO FURTHER THE MISSION OF THE UNITED STATES NAVAL ACADEMY; PRIMARILY THROUGH DIRECT SUPPORT TO THE SAIL TRAINING PROGRAM AT THE NAVAL ACADEMY.
Public Charity
NAVAL ACADEMY SAILING FOUNDATION INC
NAVAL ACADEMY SAILING FOUNDATION INC, of ARNOLD, MD, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $1.1M in revenue, $2.9M in expenses, $33.2M in total assets. 5 publicly reported grants to this organization, totaling roughly $63K, appear in IRS filings.
EIN: 237328323
ARNOLD, MD
Latest filing: 2024
Total Revenue$1.1M
Total Expenses$2.9M
Total Assets$33.2M
Grant Records5
Funding Total$63K
Filing Years2020–2024
Sample Grants Received
For grant recipient's exempt purposes
$7,500
For grant recipient's exempt purposes
$10,100
For grant recipient's exempt purposes
$10,100
For grant recipient's exempt purposes
$30,661
For grant recipient's exempt purposes
$5,100
Showing up to 5 of 5 total records — full history available with membership.
Officers & Directors
TRUSTEE
Alec Cutler
TRUSTEE
Anthony Parker
TRUSTEE
Brad Rodi
TREASURER & EXECUTIVE DIRE
Cdr Les Spanheimer Usn Ret
PRESIDENT & TRUSTEE
Cdr Nick Madigan Usnr Ret
TRUSTEE
Clare Harrington
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $1.1M | $2.9M | $33.2M |
| 2023 | $171K | $2.8M | $33.4M |
| 2022 | $2.9M | $2.6M | $34.3M |
| 2021 | $848K | $3.6M | $36.3M |
| 2020 | $2.1M | $3.4M | $38.2M |
Between 2020 and 2024, reported annual revenue declined from $2.1M to $1.1M (-49%), with total assets most recently reported at $33.2M.
Interactive year-over-year charts and full filing details available with membership.