San Diego Navy League Foundation Inc
- Assets
- $5.0m
- Revenue
- $360.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lemon Grove, CA
- Founding
- 10/2008
- Data as of
- 12/2023
- EIN
- 06-1835742
Organization Overview
San Diego Navy League Foundation Inc is located in Lemon Grove, CA. The organization was established in 2008. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Diego Navy League Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, San Diego Navy League Foundation Inc generated $360.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $182.5k during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NAVY LEAGUE OF THE UNITED STATES IS DEDICATED TO EDUCATING CITIZENS ABOUT THE IMPORTANCE OF SEA POWER TO U.S. NATIONAL SECURITY AND SUPPORTING THE MEN AND WOMEN OF THE SEA SERVICES AND THEIR FAMILIES.THE FOUNDATION MANAGES FUNDS FOR PROGRAMS AND SCHOLARSHIPS FOR THE SAN DIEGO COUNCIL OF THE NAVY LEAGUE OF THE UNITED STATES, A CALIFORNIA PUBLIC BENEFIT CORPORATION.ADDITIONALY, THE LEAGUE PROVIDES FUNDS TO THE SAN DIEGO COUNCIL OF THE NAVY LEAGUE OF THE UNITED STATES TO FUND COUNCIL ACTIVITIES, INCLUDING BUT NOT LIMITED TO SEA CADETS, NJROTC, SEA SERVICE LIASON, AND SUPPORT OF ACTIVE DUTY NAVY AND MARINE CORPS EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING OF SCHOLARSHIPS TO CHILDREN OF MEMBERS OF THE NAVY OR MARINE CORPS WHO ARE ON ACTIVE DUTY, RETIRED OR WHO DIED WHILE ON ACTIVE DUTY IN THE NAVY OR MARINE CORPS. DURING 2023 THE FOUNDATION FUNDED SCHOLARSHIPS OF $99,281.
DURING 2023 THE FOUNDATION CONTRIBUTED $39,984 TO THE SAN DIEGO COUNCIL OF THE NAVY LEAGUE OF THE U.S. TO FUND COUNCIL ACTIVITIES, INCLUDING BUT NOT LIMITED TO SEA CADETS, SEA SERVICE LIASON, AND SUPPORT OF ACTIVE DUTY NAVY AND MARINE CORPS EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pateley Johnson Director | Trustee | 1 | $0 |
Jessica Johnson Director | Trustee | 1 | $0 |
Tamara Marks Director | Trustee | 1 | $0 |
Warren Savage Director | Trustee | 1 | $0 |
Tracey Owens Director | Trustee | 1 | $0 |
Nicola Johnson Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,281 |
| Total Program Service Revenue | $0 |
| Investment income | $132,435 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,478 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $360,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $139,265 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $182,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,460 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,879,675 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,951,135 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,600,039 |
| Total liabilities | $1,600,039 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,351,096 |
| Total liabilities and net assets/fund balances | $4,951,135 |
Grants Awarded
Over the last fiscal year, San Diego Navy League Foundation Inc has awarded $139,265 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAN DIEGO COUNCIL OF NAVY PURPOSE: PROGRAM SUPPORT | $39,984 |
SAN DIEGO COUNCIL OF NAVY PURPOSE: PROGRAM SUPPORT | $99,281 |