2025-11-03T11:27:49-06:00 2024-12-31 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2024-01-01 311677884 NAVY LEAGUE FOUNDATION NAVY 7035281775 2300 WILSON BOULEVARD 200 ARLINGTON VA 22201 MICHAEL STEVENS CEO 7035281775 2025-10-29 1 0 KRISTEN BARNETT P01234578 8133162300 2025-10-29 2024 2025-03-06 01:10:19Z MICHAEL STEVENS 2300 WILSON BOULEVARD 200 ARLINGTON VA 22201 348161 0 X WWW.NAVYLEAGUE.ORG/PROGRAMS/SCHOLARSHIPS X 1997 DE THE MISSION OF THE NAVY LEAGUE FOUNDATION IS TO SUPPORT EDUCATIONAL, ADVOCACY, AND RELATED PROGRAMS THAT BENEFIT MEN AND WOMEN OF THE US SEA SERVICES AND THEIR FAMILIES. THE FOUNDATION IS RESPONSIBLE FOR THE MANAGEMENT OF THE NAVY LEAGUE FOUNDATION SCHOLARSHIP PROGRAM AND ALLOCATION OF OTHER FUNDS DONATED TO THE FOUNDATION FOR CHARITABLE OR EDUCATIONAL PURPOSES. 6 6 0 17 0 0 34793 100235 0 0 78458 190135 0 0 113251 290370 50000 50000 0 0 0 0 0 0 0 65705 59671 115705 109671 -2454 180699 3677507 4006891 23585 7774 3653922 3999117 X THE MISSION OF THE NAVY LEAGUE FOUNDATION IS TO SUPPORT EDUCATIONAL, ADVOCACY, AND RELATED PROGRAMS THAT BENEFIT THE MEN AND WOMEN OF THE US SEA SERVICES AND THEIR FAMILIES. THE FOUNDATION IS RESPONSIBLE FOR THE MANAGEMENT OF THE NAVY LEAGUE FOUNDATION SCHOLARSHIP PROGRAM AND ALLOCATION OF OTHER FUNDS DONATED TO THE FOUNDATION FOR CHARITABLE OR EDUCATIONAL PURPOSES. 0 0 53000 50000 SCHOLARSHIPS-PROVIDE COLLEGE SCHOLARSHIPS TO DEPENDENTS OR DESCENDENTS OF U.S. NAVY, U.S. MARINE CORPS, U.S. COAST GUARD AND U.S.-FLAGGED MERCHANT MARINE PERSONNEL. APPLICANTS MUST BE A GRADUATING HIGH SCHOOL SENIOR WHO WILL BE ENTERING THEIR FIRST YEAR OF AN ACCREDITED FOUR YEAR COLLEGE OR UNIVERSITY. 53000 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 VA X TANNEKA JONES SVP FINANCE 7035281775 2300 WILSON BOULEVARD 200 ARLINGTON VA 22201 DR JENNIFER LONDON CHAIR 1.00 1.00 X X 0 0 0 BERKLEY TERRY NATIONAL CORPORATE SECRETARY 1.00 1.00 X X 0 0 0 MARK MCDONALD NATIONAL TREASURER 1.00 1.00 X X 0 0 0 LYNN ATKINSON TRUSTEE 1.00 X 0 0 0 LOUIS LIOTTI TRUSTEE 1.00 X 0 0 0 MATTHEW NOLTY TRUSTEE 1.00 X 0 0 0 WARD COOK TRUSTEE (THRU 12/24/24) 1.00 X 0 0 0 MICHAEL STEVENS NLUS CEO 1.00 40.00 X 0 379128 30248 RYAN DONALDSON NLUS COO 1.00 40.00 X 0 239518 40790 0 618646 71038 0 0 1 0 0 100235 100235 111074 111074 136852 57791 79061 79061 79061 290370 0 0 190135 X 50000 50000 8799 8799 18625 18625 30000 3000 27000 2011 2011 BANK CHARGES 236 236 109671 53000 56671 0 50155 133342 2011 2176539 2259552 1448802 1583564 30433 3677507 4006891 4750 7774 18835 0 23585 7774 X 875742 1074087 2778180 2925030 3653922 3999117 3677507 4006891 180699 164496 0 X X 1 X 0 1 0 X 7907 70315 69182 34793 100235 282432 7907 70315 69182 34793 100235 282432 130496 151936 54816 70049 68631 94307 111074 398877 681309 0.22300 0.26740 X NAVY LEAGUE FOUNDATION HAS A PUBLIC FACING WEBSITE THAT IS AVAILABLE FOR PUBLIC DONATIONS. THERE ARE DONATE BUTTONS THROUGHOUT THE SITE TO ENTICE DONATIONS. IN 2024, APPROXIMATELY 50% OF THE FOUNDATION CONTRIBUTIONS CAME FROM THE PUBLIC. THOSE DONATIONS COMPRISED OF INDIVIDUALS, CORPORATIONS AND OTHER FOUNDATIONS. THE TECHNOLOGY AND MEDIA AND DEVELOPMENT STAFF ARE PLANNING MORE TARGETED CAMPAIGNS, FOR DONATIONS, THROUGHOUT THE REMAINDER OF THE YEAR AND NEXT YEAR. RECENTLY, THE FOUNDATION SCHOLARSHIP WEB PAGE WAS UPDATED TO PROVIDE MORE DETAILED INFORMATION AND INSIGHT INTO THE SCHOLARSHIPS AVAILABLE AND THE CRITERIA. WE PROVIDE DIRECT SUPPORT TO STUDENTS OF SEA SERVICE MEMBERS. THE STUDENTS RELY ON THEIR FALL AND SPRING SCHOLARSHIP FUNDS AS PAYMENT TOWARD THEIR COLLEGE TUITION. THEREFORE, THERE IS ALWAYS A NEED TO RAISE MORE MONEY FOR ADDITIONAL SCHOLARSHIPS OR AN INCREASE IN PAYOUT OF NLF SCHOLARSHIPS. THE FOUNDATION BOARD HAS CONVERSATIONS DURING THEIR MEETINGS ON WAYS TO RAISE FUNDS FOR THE FOUNDATION AND ITS SCHOLARSHIPS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2670896 3000 336006 192156 2817746 2443777 3000 405470 181351 2670896 3112643 3000 -510950 160916 2443777 2941746 3000 354439 186542 3112643 2691119 5000 418788 173161 2941746 1.00000 0 0 0 FIDELITY 500 INDEX FUND 830324 F ISHARES RUSSELL 2000 ETF 250569 F VANGUARD TTL BD MKT IDX-ADM 298334 F ISHARES CORE MSCI EMERGING 204337 F 1583564 X 454593 164496 18352 182848 271745 18625 18625 290370 109398 18352 18352 91046 18625 18625 109671 PART V, LINE 4: THE EARNINGS FROM THESE ENDOWMENTS ARE AVAILABLE IN SUPPORT OF THE SCHOLARSHIP PROGRAM OF THE FOUNDATION. THE FOUNDATION APPROPRIATES THE AMOUNT NECESSARY TO SUPPORT THE NAMED SCHOLARSHIPS EACH YEAR. PART X, LINE 2: THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION QUALIFIES FOR CHARITABLE CONTRIBUTIONS DEDUCTIONS AND HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION. INCOME, WHICH IS NOT RELATED TO ITS EXEMPT PURPOSE, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 1 SCHOLARSHIPS 40 50000 PART I, LINE 2: DISBURSEMENTS ARE MADE DIRECTLY TO THE UNIVERSITY'S FINANCIAL AID OFFICE WHERE THE STUDENT ATTENDS. THE UNIVERSITY MONITORS THE USE OF THE FUNDS. NLF IS PROVIDED INFORMATION THAT THE STUDENT REMAINS IN SCHOOL AND IN GOOD STANDING. 0 0 0 0 0 0 0 0 0 MICHAEL STEVENS NLUS CEO 0 302131 0 75000 0 1997 0 27290 0 2958 0 409376 0 0 RYAN DONALDSON NLUS COO 0 189346 0 50000 0 172 0 16051 0 24739 0 280308 0 0 FORM 990, PART VI, SECTION A, LINE 7A BOTH THE NLUS PRESIDENT AND CHAIRPERSON OF THE NLF BOARD APPOINT MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE TOP MANAGEMENT OFFICIAL, TOP FINANCIAL OFFICIAL ALONG WITH MEMBERS OF THE FINANCIAL TEAM REVIEWED THE RETURN AFTER IT WAS PREPARED BY OUR TAX PREPARERS FROM THE BOOKS, RECORDS AND OTHER INFORMATION SUPPLIED BY THE ORGANIZATION. THE RETURN WAS THEN MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING THESE DOCUMENTS WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C WHEN THE BOARD OF THE FOUNDATION MEETS THE CHAIR REMINDS THE BOARD OF THE CONFLICT OF INTEREST POLICY AND ASKS THEM TO DISCLOSE ANY CONFLICTS OF INTEREST. THE FOUNDATION REQUIRES ALL BOARD MEMBERS, OFFICERS AND STAFF TO SIGN THE CONFLICT OF INTEREST POLICY, ACKNOWLEDGING THAT THEY HAVE READ AND UNDERSTOOD IT AND THAT THEY WILL INFORM THE FOUNDATION, IN WRITING OF ANY CONFLICTS UNDER THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT HAVE A SEPARATE CEO, EXECUTIVE DIRECTOR OR STAFF. THE NAVY LEAGUE CEO, COO AND FINANCE STAFF SERVE AS EMPLOYEES OF THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE FOUNDATION AT: NAVY LEAGUE FOUNDATION, 2300 WILSON BOULEVARD, SUITE 200. ARLINGTON, VA. 22201. THE FOUNDATION MAINTAINS A PUBLIC INSPECTION FILE. THE ORGANIZATIONS TAX RETURNS ARE AVAILABLE IN THE PUBLIC INSPECTION FILE, UPON REQUEST AND ON THE "GUIDESTAR" WEBSITE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 3,000. MANAGEMENT AND GENERAL EXPENSES 27,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,000. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE REVIEW OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. FORM 990, PART VI, LINE 15: NAVY LEAGUE FOUNDATION DOES NOT COMPENSATE ANYONE SHOWN IN PART VII OF THE FORM 990 OR SCHEDULE J, PART II. THE COMPENSATION SHOWN IN THESE SECTIONS IS PAID BY NAVY LEAGUE OF THE UNITED STATES, THE ORGANIZATION'S RELATED ORGANIZATION. NAVY LEAGUE FOUNDATION RELIES ON THE COMPENSATION DETERMINATION METHODOLOGY OF NAVY LEAGUE OF THE UNITED STATES. THE FOLLOWING IS THE COMPENSATION METHODOLOGY USED BY NAVY LEAGUE OF THE UNITED STATES: THE NLUS EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED AND REVIEWED BY THE NATIONAL PRESIDENT IN CONSULTATION WITH THE COMPENSATION COMMITTEE OF THE LEAGUE. THE COMMITTEE MAY CONSULT WITH INDEPENDENT PERSONS IN DETERMINING THE PAY PACKAGE OFFERED TO THE EXECUTIVE DIRECTOR. A WRITTEN EMPLOYMENT AGREEMENT IS EXECUTED. THE NLUS STAFF'S COMPENSATION IS DETERMINED AND REVIEWED BY THE EXECUTIVE DIRECTOR [ED]. THE ED MAY CONSULT WITH THE NATIONAL PRESIDENT AND THE COMPENSATION COMMITTEE ON PAY RANGES AND FRINGE BENEFITS OFFERED TO THE EMPLOYEES OF THE LEAGUE. ALL STAFF HAVE WRITTEN EMPLOYMENT AGREEMENTS. NAVY LEAGUE OF THE UNITED STATES 2300 WILSON BLVD STE 200 ARLINGTON VA 22201 530116710 SUPPORT OF SEA SERVICES NY 501(C)(3) 7 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0