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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations The Naval Institute Foundation Inc.

The Naval Institute Foundation Inc.

Fiscal year ending 2022. Filed on May 15, 2023.

291 Wood Road
Annapolis, Maryland 21402

The Naval Institute Foundation Inc. (EIN: 52-1814344) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, The Naval Institute Foundation Inc., a 501(c)(3) charitable organization, reported compensation for 3 employees. Among the employees shown here, the average compensation is $308,677. The highest compensated employee at The Naval Institute Foundation Inc. is Vadm Peter H Daly Usn Ret with fiscal year 2022 compensation of $500,099.

Revenue, expenses, and employee compensation

Revenue

$5,073,698

Expenses

$5,558,232

Employee compensation

$980,697
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Vadm Peter H Daly Usn Ret
Chief Executive Officer and Director
$500,099
$0 $491,002 $9,097
Douglas Wallen
Treasurer
$230,286
$0 $200,024 $30,262
Heather Lancaster
COO, Secretary, Director
$195,646
$0 $188,867 $6,779

Benchmark Employee Compensation

Non-Employee Board Members

Adm Jonathan Greenert Usn Ret
Director - Board Liaison
Cdr Gregory E Glaros Usn Ret
Director
Gen Peter Pace Usmc Ret
Chair and Director
Marti Tomson Rodamaker
Director
Michael M Wiseman, Esq
Vice Chair and Director
Mr Stephen M Waters
Director
Radm Kendell Pease Usn Ret
Director

Mission Statement

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.

Revisions to this organization profile

May 7, 2025:
2024 The Naval Institute Foundation Inc. 990 filed
May 13, 2024:
2023 The Naval Institute Foundation Inc. 990 filed
May 15, 2023:
2022 The Naval Institute Foundation Inc. 990 filed

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