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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 United States Naval Institute

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

Radm Raymond Spicer, Usn
CEO, Publisher, Director
$387,646
$362,246 No related comp$25,400
Douglas Wallen
Chief Financial Officer and Treasurer
$248,858
$213,623 No related comp$35,235
William Hamblet
Executive Vice President Periodic, Members, MAR
$224,000
$214,330 No related comp$9,670
Heather Lancaster
Executive Vice President Development
$221,662
$211,267 No related comp$10,395
April Parreco
Executive Vice President Conferences and Events
$218,039
$194,897 No related comp$23,142
Adam Kane
Director, Naval Institute
$193,401
$171,386 No related comp$22,015
Vadm Peter H Daly Usn Ret
Former CEO, Consultant
$165,333
$165,239 No related comp$94

Benchmark Employee Compensation

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)

Contractors

Books International Inc
Book Warehousing and Fulfillment
$556,095
Sheridan Kentucky
Book Printing
$377,334
Lsc Communications
Periodical Printing and Shipping
$306,456
Unleashed Technologies LLC
IT
$279,011
Blank Rome LLP
Legal
$200,698

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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