Naval War College Foundation Inc
- Assets
- $52.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 18
- Location
- Newport, RI
- Founding
- 03/1970
- Data as of
- 12/2022
- EIN
- 23-7063084
Organization Overview
Naval War College Foundation Inc is located in Newport, RI. The organization was established in 1970. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 12/2022, Naval War College Foundation Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naval War College 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 12/2022, Naval War College Foundation Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
GRANTS TO THE NAVAL WAR COLLEGE TO ENHANCE THE EDUCATIONAL BENEFIT IN ITS WORLD-RENOWNED ACADEMIC, RESEARCH, ANALYSIS AND WAR GAMING PROGRAMS.
INFORMATION OUTREACH AND OTHER PROGRAMS DESIGNED TO INCREASE AWARENESS OF THE NAVAL WAR COLLEGE NATIONALLY AND INTERNATIONALLY.
THE FOUNDATION OPERATES A STORE IN THE NAVAL WAR COLLEGE MUSEUM WHICH SELLS NAVAL WAR COLLEGE GIFTS AND MEMORABILIA AND U.S. NAVAL HISTORY PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Philip M Bilden Chairman | OfficerTrustee | 5 | $0 |
Mr Daniel E Holland III Vice Chairman/treasurer | OfficerTrustee | 5 | $0 |
Mr Mitchell B Waldman Secretary | OfficerTrustee | 5 | $0 |
Dr Stephanie Bennett Smith Trustee | Trustee | 1 | $0 |
Mr Duncan A Chapman Trustee | Trustee | 1 | $0 |
Radm Julius S Caesar Usn Ret Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Slocum Gordon & Co Investment Mgmt | 12/30/18 | $143,262 |
Harlan Ullman Distinguished Visiting Scholar | 12/30/18 | $105,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $271,831 |
| Fundraising events | $755,887 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,144,267 |
| Noncash contributions included in lines 1a–1f | $247,669 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,171,985 |
| Total Program Service Revenue | $0 |
| Investment income | $1,563,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $603,396 |
| Net Income from Fundraising Events | -$84,856 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $39,924 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,293,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,564,918 |
| Grants and other assistance to domestic individuals. | $18,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $12,200 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $759,853 |
| Compensation of current officers, directors, key employees. | $428,267 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $624,962 |
| Pension plan accruals and contributions | $85,091 |
| Other employee benefits | $96,746 |
| Payroll taxes | $95,474 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $118,500 |
| Fees for services: Investment Management | $212,009 |
| Fees for services: Other | $177,080 |
| Advertising and promotion | $214,018 |
| Office expenses | $50,390 |
| Information technology | $104,503 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $70,071 |
| 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 | $11,434 |
| Insurance | $35,256 |
| All other expenses | $6,810 |
| Total functional expenses | $4,390,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,085 |
| Savings and temporary cash investments | $11,570,195 |
| Pledges and grants receivable | $556,611 |
| Accounts receivable, net | $76,708 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,449 |
| Prepaid expenses and deferred charges | $30,192 |
| Net Land, buildings, and equipment | $9,993 |
| Investments—publicly traded securities | $39,893,546 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,598 |
| Total assets | $52,719,377 |
| Accounts payable and accrued expenses | $192,271 |
| 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 | $196,924 |
| Total liabilities | $389,195 |
| Net assets without donor restrictions | $14,989,694 |
| Net assets with donor restrictions | $37,340,488 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $52,719,377 |