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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 Education US Naval Academy Foundation Inc.

US Naval Academy Foundation Inc.

Fiscal year ending 2023. Filed on April 29, 2024.

301 King George Street
Annapolis, Maryland 21402

US Naval Academy Foundation Inc. (EIN: 23-7003516) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, US Naval Academy Foundation Inc., a 501(c)(3) charitable organization, reported compensation for 11 out of 58 total employees. Among the employees shown here, the average compensation is $323,947. The highest compensated employee at US Naval Academy Foundation Inc. is Byron F Marchant with fiscal year 2023 compensation of $992,706.

Revenue, expenses, and employee compensation

Revenue

$42,720,596

Expenses

$44,107,220

Employee compensation

$6,687,255
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Byron F Marchant
Former Pres/Ceo (Thru 3/22) (SEE SCH J)
$992,706
$588,497 $392,331 $11,878
William O'Connor
Sec/Evp DEV (SEE SCH J)
$471,596
$422,728 No related comp$48,868
Robert W Gast
Cfo/Treas (SEE SCH J)
$371,999
$184,475 $150,934 $36,590
Mr Jeffrey R Webb
Pres/Ceo (BEG 6/13/22)(See SCH J)
$344,202
$187,555 $125,037 $31,610
Donald Hughes
Vice President Athletic and Scholarship PR (SEE SCH J)
$249,442
$238,556 No related comp$10,886
Lisa Strobel
SR Director FIN and Treas OPS (SEE SCH J)
$219,035
$109,102 $89,264 $20,669
John Rudder
Vice President Development (SEE SCH J)
$214,209
$174,861 No related comp$39,348
Mike Hoffman
ED, Regional DEV (SEE SCH J)
$204,431
$163,570 No related comp$40,861
Patricia Bender
SR Director, Planned Giving (SEE SCH J)
$170,694
$150,462 No related comp$20,232
Timothy Smith
Director, Financial Reporting (SEE SCH J)
$166,701
$82,107 $67,180 $17,414
Harry Yeiser
SEN Director, Annual Programs (SEE SCH J)
$158,406
$148,568 No related comp$9,838

Benchmark Employee Compensation

Non-Employee Board Members

Adm Cecil D Haney Usn Ret
Director
Adm James O Ellis Jr Usn Ret
Director
Adm Mark E Ferguson III Usn Ret
Director
Adm Michael G Mullen Usn Ret
Director
Adm Robert J Natter Usn Ret
Director
Amb Richard L Armitage
Director
Dr Lynne Atkinson
Director
Lcdr Ronald L Nicol, Usnr
Director
Majgen Charles F Bolden Jr Usmc R
Director
Mr Alfred E Festa
Director
Mr C Michael Petters
Director
Mr Charles H Cannon Jr
Director

Contractors

Ruffalo Noel Levitz
Enrollment Planning
$267,520
Honorcraft LLC
Donor Recognition Products/Services
$252,908
Naval Academy Catering
Catering
$141,218
Martin's Bo Brooks LLC
Catering
$134,003
Signcraft Annapolis
Sign Fabrication
$117,317

Mission Statement

TO SUPPORT, PROMOTE, AND ADVANCE THE MISSION OF THE NAVAL ACADEMY.

Revisions to this organization profile

May 8, 2025:
2024 US Naval Academy Foundation Inc. 990 filed
April 29, 2024:
2023 US Naval Academy Foundation Inc. 990 filed
April 11, 2023:
2022 US Naval Academy Foundation Inc. 990 filed

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