Mission
THE NAVAL INSTITUTE FOUNDATION WAS ORGANIZED TO OPERATE EXCLUSIVELY TO RAISE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES TO FURTHER THE MISSION AND POLICIES OF THE UNITED STATES NAVAL INSTITUTE.
Public Charity
THE NAVAL INSTITUTE FOUNDATION INC
Based in ANNAPOLIS, MD, THE NAVAL INSTITUTE FOUNDATION INC operates as a Public Charity. The organization reported $14.4M in revenue, $5.4M in expenses, $24.5M in total assets for fiscal year 2025. Imperigo tracks 46 reported grant relationships connected to this organization totaling approximately $15.4M.
EIN: 521814344
ANNAPOLIS, MD
Latest filing: 2025
Total Revenue$14.4M
Total Expenses$5.4M
Total Assets$24.5M
Grant Records46
Funding Total$15.4M
Filing Years2021–2025
Where $100 goes at The Naval Institute Foundation Inc
How The Naval Institute Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$84
Programs
the work itself
$2
Management
running the organization
$14
Fundraising
raising the next dollar
Inside the $84 for programs
$84
The foundation raised funds to support the activities of the united states naval institute
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
EDUCATION
$25,000
FOR RECIPIENT'S EXEMPT PURPOSE
$1,815,000
For grant recipient's exempt purposes
$517,676
PUBLIC, SOCIETAL BENEFIT
$169,242
GENERAL SUPPORT
$63,800
Showing up to 5 of 46 total records — full history available with membership.
Officers & Directors
DIRECTOR
Cdr Gregory E Glaros Usn Ret
DIRECTOR
Dirk P Mosis
TREASURER
Douglas Wallen
CHAIRMAN, DIRECTOR
Gen Peter Pace Usmc Ret
COO (THRU 6/25), SECRETARY, DIR.
Heather Lancaster
DIRECTOR
Jane Clayton Johnson
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $14.4M | $5.4M | $24.5M |
| 2024 | $6.1M | $4.8M | $14.7M |
| 2023 | $9.4M | $5.2M | $11.8M |
| 2022 | $5.1M | $5.6M | $13.2M |
| 2021 | $8.5M | $15.4M | $16.5M |
Between 2021 and 2025, reported annual revenue grew from $8.5M to $14.4M (+71%), with total assets most recently reported at $24.5M.
Interactive year-over-year charts and full filing details available with membership.