Compensation 990

United States Naval Institute

Fiscal year ending 2024. Filed on November 11, 2025.

291 Wood Road
Annapolis, Maryland 21402

United States Naval Institute (EIN: 52-0643040) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, United States Naval Institute, a 501(c)(3) charitable organization, reported compensation for 7 out of 75 total employees. Among the employees shown here, the average compensation is $236,991. The highest compensated employee at United States Naval Institute is Radm Raymond Spicer, Usn with fiscal year 2024 compensation of $387,646.

Revenue, expenses, and employee compensation

Revenue

$10,963,609

Expenses

$10,714,748

Employee compensation

$6,245,958
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋316.4%vs 2023
Radm Raymond Spicer, Usn
CEO, Publisher, Director
$387,646
$362,246 from orgNo related comp$25,400 other
＋6.3%vs 2023
Douglas Wallen
Chief Financial Officer and Treasurer
$248,858
$213,623 from orgNo related comp$35,235 other
＋9.4%vs 2023
William Hamblet
Executive Vice President Periodic, Members, MAR
$224,000
$214,330 from orgNo related comp$9,670 other
＋18.9%vs 2023
Heather Lancaster
Executive Vice President Development
$221,662
$211,267 from orgNo related comp$10,395 other
＋5.4%vs 2023
April Parreco
Executive Vice President Conferences and Events
$218,039
$194,897 from orgNo related comp$23,142 other
＋7.9%vs 2023
Adam Kane
Director, Naval Institute
$193,401
$171,386 from orgNo related comp$22,015 other
－67.5%vs 2023
Vadm Peter H Daly Usn Ret
Former CEO, Consultant
$165,333
$165,239 from orgNo related comp$94 other

Non-Employee Board Members

C Michael Petters
Director
Calvin Cass Jr
Director
Charles A Richard
Director
Charles Bolden
Director
Christine Fox
Director
Devere Crooks
Director
Ellen Lord
Vice Chair and Director
Fred M Midgette
Director
Harry Harris
Chair and Director
Jonathan W Greenert
VICE Chair, Director (Thru 5/24)
Lori E Reynolds
Director
Margaret D Klein
Director (Part-Year)

Mission Statement

PROVIDE AN INDEPENDENT FORUM FOR THOSE WHO DARE TO READ, THINK, SPEAK, AND WRITE TO ADVANCE THE PROFESSIONAL, LITERARY, AND SCIENTIFIC UNDERSTANDING OF SEA POWER AND OTHER ISSUES CRITICAL TO GLOBAL SECURITY.

Revisions to this organization profile

November 11, 2025:
2024 United States Naval Institute 990 filed
November 12, 2024:
2023 United States Naval Institute 990 filed
November 14, 2023:
2022 United States Naval Institute 990 filed

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