Naval Submarine League is located in Alexandria, VA. The organization was established in 1985. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 03/2023, Naval Submarine League employed 15 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Naval Submarine League 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 03/2023, Naval Submarine League generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.9m during the year ending 03/2023. While expenses have increased by 6.4% per year over the past 7 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 LEAGUE SHALL:A. ACTIVELY SEEK OPPORTUNITIES TO STIMULATE AND PROMOTE AWARENESS, BY ALL ELEMENTS OF AMERICAN SOCIETY, OF THE NEED FOR A STRONG UNDERSEA ARM OF THE UNITED STATES NAVY.B. ENCOURAGE MUTUAL UNDERSTANDING AND A CLOSE WORKING RELATIONSHIP BETWEEN AMERICAN SOCIETY AND THOSE SEGMENTS OF THE UNITED STATES GOVERNMENT RESPONSIBLE FOR THE ACQUISITION AND EMPLOYMENT OF SUBMARINES FOR THE COMMON DEFENSE AND NATIONAL SECURITY.C. PROVIDE A FORUM ON PROFESSIONAL MATTERS AFFECTING THE SUBMARINE FORCE AND ITS INTEGRAL ROLE IN NATIONAL SECURITY WHEREBY: THE VIEWS AND PERCEPTIONS OF LEAGUE MEMBERS CAN BE FOCUSED AND EXPOUNDED, AND DIVERSE ELEMENTS OF INDUSTRY, ACADEMIA, AND GOVERNMENT CAN BE BROUGHT TOGETHER TO IDENTIFY, STUDY, AND DEVELOP POTENTIAL SOLUTIONS TO UNDERSEA WARFARE CHALLENGES.D. PROMOTE GREATER LIAISON AND COMMUNICATIONS AMONG GOVERNMENT, ACADEMIC, AND BUSINESS COMMUNITIES TO FURTHER UNDERSTANDING AND APPRECIATION OF THE PAST, PRESENT, AND FUTURE CONTRIBUTIONS OF THE SUBMAR
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM DEVELOPMENT AND OTHER PROGRAMSOTHER PROGRAMS INVOLVE BOTH STAFF AND INDIVIDUAL MEMBERS ACROSS THE COUNTRY. ACTIVE-DUTY SUPPORT INCLUDES AWARDS, COMMISSIONING COMMITTEES, A MENTOR PROGRAM AND SUPPORT TO THE NROTC, SUB CLUBS, AND THE US NAVAL ACADEMY. COMMUNICATING WITH THE PUBLIC ABOUT THE IMPORTANCE OF SUBMARINES TO THE NATIONAL DEFENSE IS ACCOMPLISHED THROUGH INDUSTRY BRIEFS, SPEAKERS BUREAU, THE SUBMARINE REVIEW ONLINE ARCHIVE, AND THE NSL WEBSITE. THE HERITAGE OF THE SUBMARINE FORCE IS PRESERVED VIA DISTINGUISHED CIVILIAN AND SUBMARINER ANNUAL AWARDS, RECORDED INTERVIEWS, SUPPORT FOR SUBMARINE REUNIONS, AND THE DEVELOPMENT OF A LIBRARY AND RESOURCE CENTER.
THE PURPOSE OF THE NSL ANNUAL SYMPOSIUM & INDUSTRY UPDATE IS TO FACILITATE THE EXCHANGE OF BUSINESS, TECHNICAL, AND PROFESSIONAL INFORMATION RELEVANT TO SUBMARINES AND UNDERSEA WARFARE, INCLUDING UNMANNED SYSTEMS. THE TWO-DAY EVENT IS TRADITIONALLY ACCEPTED BY DOD AS A WIDELY ATTENDED GATHERING, ENABLING ACTIVE-DUTY ATTENDANCE. PRESENTATIONS ARE MADE BY SUBMARINE FORCE LEADERSHIP WITH UPDATES ON MAJOR ACQUISITION AND PROGRAMMATIC ISSUES. INDUSTRY AND GOVERNMENT AGENCIES PRESENT DISCUSSION AND SOLUTIONS VIA EXHIBIT DISPLAYS. THERE ARE CONTINUOUS OPPORTUNITIES FOR NAVY LEADERSHIP AND INDUSTRY NETWORKING.
THE SUBMARINE TECHNOLOGY SYMPOSIUM (STS) IS A CLASSIFIED (SECRET/NOFORN) THREE-DAY CONFERENCE HELD ON THE CAMPUS OF JOHNS HOPKINS UNIVERSITY APPLIED PHYSICS LABORATORY. THE PURPOSE OF THE STS IS TO FACILITATE THE EXCHANGE OF BUSINESS, TECHNICAL, AND PROFESSIONAL INFORMATION RELEVANT TO SUBMARINES AND UNDERSEA WARFARE, INCLUDING UNMANNED SYSTEMS. THIS IS A PREMIER OPPORTUNITY FOR NAVY LEADERSHIP, INDUSTRY AND ACADEMIA TO ENGAGE IN PRODUCTIVE TECHNICAL EXCHANGES. INDUSTRY, GOVERNMENT, AND ACADEMIA ARE INVITED TO SUBMIT ABSTRACTS FOR PRESENTATION. THE ON-SITE FORMAT INCLUDES SELECTED DISPLAYS OF NEW TECHNOLOGY DEVELOPMENTS. SPEAKERS GENERALLY ALLOW TIME FOR Q&A AND THERE ARE BREAKS BETWEEN SESSIONS TO FOSTER DISCUSSION AND NETWORKING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tim Oliver Executive Dir. | Officer | 40 | $213,231 |
Lisa Blodgett Director | Trustee | 1 | $0 |
Jennifer Boykin Director | Trustee | 1 | $0 |
Karen Conti Director | Trustee | 1 | $0 |
Kirk Donald Director | Trustee | 1 | $0 |
Jonathan Greenert Chairman | OfficerTrustee | 1 | $0 |
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 | $223,374 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $223,374 |
Total Program Service Revenue | $1,721,556 |
Investment income | $86,074 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$11,170 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,028,901 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $226,126 |
Compensation of current officers, directors, key employees. | $37,046 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $385,873 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $29,315 |
Payroll taxes | $42,556 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $388,296 |
Advertising and promotion | $37,322 |
Office expenses | $12,037 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $23,952 |
Travel | $50,035 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $486,951 |
Interest | $12,594 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $26,177 |
Insurance | $8,391 |
All other expenses | $32,840 |
Total functional expenses | $1,881,940 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $240,716 |
Savings and temporary cash investments | $2,244,072 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $103,796 |
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 | $6,305 |
Net Land, buildings, and equipment | $1,482,584 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,077,473 |
Accounts payable and accrued expenses | $76,509 |
Grants payable | $0 |
Deferred revenue | $891,682 |
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 | $204,013 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,172,204 |
Net assets without donor restrictions | $2,905,269 |
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 | $0 |
Total liabilities and net assets/fund balances | $4,077,473 |