Us Naval Academy Foundation Inc
Annapolis, MD · EIN 23-7003516 · Education · Rank 6,524 by total revenue
To support, promote, and advance the mission of the naval academy.
Money, Form 990 for tax year 2024
- Total revenue
- $79,865,558
- Total expenses
- $47,764,827
- Total assets
- $418,994,710
- Salary base (all salaries and wages)
- $8,131,426
- Salaries, other pay and benefits
- $9,234,462
- Employees
- 65
- Salary base per employee
- $125,099
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (55)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Jeffrey R Webb | PRESIDENT/CEO (SEE SCH J) | Board, Officer | 36 | $606,577 |
| William O'Connor | SEC/EVP DEV (SEE SCH J) | Officer | 50 | $446,736 |
| Lisa Strobel | EXEC DIRECTOR OF FINANCE (SEE SCH J) | Officer | 27.5 | $243,935 |
| John Coppola | EVP & CFO/TREAS (BEG 9/16/24) | Officer | 33 | $111,362 |
| Donald Hughes | VP ATHLETIC & SCHOLARSHIP (SEE SCH J) | Key employee | 50 | $242,379 |
| Mike Hoffman | VP, REGIONAL DEV (SEE SCH J) | Key employee | 50 | $236,837 |
| Garrett Keating | DIRECTOR, IT (SEE SCH J) | Key employee | 27.5 | $200,638 |
| Joy Jones | ED, HUMAN RESOURCES (SEE SCH J) | Key employee | 27.5 | $192,656 |
| Amb Richard L Armitage | DIRECTOR (THRU 10/24/24) | Board | 2 | None reported |
| Dr Lynne Atkinson | DIRECTOR | Board | 2 | None reported |
| Mr James Bell | DIRECTOR | Board | 2 | None reported |
| Majgen Charles F Bolden Jr Usmc R | DIRECTOR | Board | 2 | None reported |
| Mr Charles H Cannon Jr | DIRECTOR | Board | 2 | None reported |
| Mr John F Crowley | DIRECTOR | Board | 2 | None reported |
| Radm Ab Cruz III | DIRECTOR | Board | 2 | None reported |
| Mr William Davis | DIRECTOR | Board | 2 | None reported |
| Mr David P Dawson | DIRECTOR | Board | 2 | None reported |
| Mr George Dennis | DIRECTOR | Board | 2 | None reported |
| Cdr John M Dillon Usnr Ret | DIRECTOR | Board | 2 | None reported |
| Adm James O Ellis Jr Usn Ret | DIRECTOR | Board | 2 | None reported |
| Adm Mark E Ferguson III Usn Ret | DIRECTOR | Board | 2 | None reported |
| Mr Alfred E Festa | DIRECTOR | Board | 2 | None reported |
| Mr Matthew R Gibson | DIRECTOR | Board | 2 | None reported |
| Adm Cecil D Haney Usn Ret | DIRECTOR | Board | 2 | None reported |
| Mr Michael Hemocovich | DIRECTOR | Board | 2 | None reported |
| Vadm Mary Jackson | DIRECTOR | Board | 2 | None reported |
| Mr Thomas C Knudson | DIRECTOR | Board | 2 | None reported |
| Mr Tig H Krekel | DIRECTOR | Board | 2 | None reported |
| Ms Greer O Lautrup | DIRECTOR | Board | 2 | None reported |
| Mrs Mary Looker | DIRECTOR (THRU 2/27/25) | Board | 2 | None reported |
| Mr Jerrold L Miller | DIRECTOR | Board | 2 | None reported |
| Mr Charley Moore | DIRECTOR | Board | 2 | None reported |
| Adm William F Moran Usn Ret | DIRECTOR | Board | 2 | None reported |
| Adm Michael G Mullen Usn Ret | DIRECTOR | Board | 2 | None reported |
| Adm Robert J Natter Usn Ret | DIRECTOR | Board | 2 | None reported |
| Lcdr Ronald L Nicol Usnr | DIRECTOR | Board | 2 | None reported |
| Mr C Michael Petters | DIRECTOR | Board | 2 | None reported |
| Mr Robert V Pragada | DIRECTOR | Board | 2 | None reported |
| Mr Paul B Prager | DIRECTOR | Board | 2 | None reported |
| Mr David B Rich | DIRECTOR | Board | 2 | None reported |
| Vadm John R Ryan Usn Ret | DIRECTOR | Board | 2 | None reported |
| Mr John Semcken | DIRECTOR | Board | 2 | None reported |
| Mr Kevin W Sharer | DIRECTOR | Board | 2 | None reported |
| Ms Joanna Sohovich | DIRECTOR | Board | 2 | None reported |
| Mr Patrick Sullivan | DIRECTOR | Board | 2 | None reported |
| Mr Timothy P Sullivan | DIRECTOR | Board | 2 | None reported |
| Mr Michael W Taylor | DIRECTOR | Board | 2 | None reported |
| Mr J Ronald Terwilliger | DIRECTOR | Board | 2 | None reported |
| Radm Cynthia M Thebaud Usn Ret | DIRECTOR | Board | 2 | None reported |
| Vadm Jan Tighe Usn | DIRECTOR | Board | 2 | None reported |
| Mr John Underwood | DIRECTOR (BEG 5/1/25) | Board | 2 | None reported |
| Ms Mary Kay Wegner | DIRECTOR | Board | 2 | None reported |
| Mr Scott W Wine | DIRECTOR | Board | 2 | None reported |
| Mr J Michael Yeager | DIRECTOR | Board | 2 | None reported |
| Mr John F Young | DIRECTOR | Board | 2 | None reported |
Top 10 paid people listed
These 10 people received $2,852,996, which is 35.1% of the $8,131,426 salary base shared by 65 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Jeffrey R Webb | PRESIDENT/CEO (SEE SCH J) | Board, Officer | 36 | $351,470 | $234,314 | $20,793 | $606,577 |
| William O'Connor | SEC/EVP DEV (SEE SCH J) | Officer | 50 | $396,158 | $0 | $50,578 | $446,736 |
| Robert W Gast | FORMER EVP & CFO/TREAS (SEE SCH J) | Former | 0 | $170,149 | $139,213 | $15,732 | $325,094 |
| Lisa Strobel | EXEC DIRECTOR OF FINANCE (SEE SCH J) | Officer | 27.5 | $123,176 | $100,779 | $19,980 | $243,935 |
| Donald Hughes | VP ATHLETIC & SCHOLARSHIP (SEE SCH J) | Key employee | 50 | $231,211 | $0 | $11,168 | $242,379 |
| Mike Hoffman | VP, REGIONAL DEV (SEE SCH J) | Key employee | 50 | $187,122 | $0 | $49,715 | $236,837 |
| Garrett Keating | DIRECTOR, IT (SEE SCH J) | Key employee | 27.5 | $88,207 | $72,169 | $40,262 | $200,638 |
| Joy Jones | ED, HUMAN RESOURCES (SEE SCH J) | Key employee | 27.5 | $91,567 | $74,919 | $26,170 | $192,656 |
| Natalie Brianas | ED, DONOR ENG & STRAT PTNR (SEE SCH J) | Highly paid employee | 50 | $142,621 | $0 | $39,363 | $181,984 |
| Timothy Smith | DR, FINANCIAL REPORTING (SEE SCH J) | Highly paid employee | 27.5 | $87,648 | $71,711 | $16,801 | $176,160 |
Sources
- IRS e-file return 202641179349301584 (Form 990, period ending 2025-06-30): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 23-7003516
- Organization website (as filed): www.usna.com