Naval Postgraduate School Foundation Inc

Nonprofit profile at a glance

EIN
237098729
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Monterey, CA, USA
Phone
8316562339
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$16,867,458
Expenses
$8,157,734
Assets
$31,433,982
Liabilities
$3,340,356

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

34 people listed

Executive titles in this filing

  • RICHARD PATTERSON (CEO)
  • TODD LYONS (EXECUTIVE VICE PRESIDENT)

Highest reported compensation

  • RICHARD PATTERSON (CEO): $398,346 total reported compensation
  • TODD LYONS (EXECUTIVE VICE PRESIDENT): $233,231 total reported compensation
  • DEVIN SMILEY (ATHENA PROGRAM MANAGER): $160,052 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to support the naval postgraduate school by providing funding and programmatic support for education, research, technology development, institutional initiatives, and community programs that advance national security and serve nps' military students and alumni.

What it reported doing in 2024

The naval postgraduate school foundation supports the people of the naval postgraduate school, including active-duty students, their families, faculty, staff, and alumni. These programs strengthen quality of life, community connection, and continuity for service members and families during rigorous graduate education and continued service.people: the naval postgraduate school foundation supports the 2,500+ active-duty students and their families at the naval postgraduate school, along with nearly 1,000 faculty, staff members, and 60,000+ alumni making up the nps community. The nps student body consists of 88% active-duty service members from across the u.s. Armed services, along with over 200 international students from approximately 50 partner nations.the nps foundation supports programs that improve quality of life for nps students and their families, helping them build community, relationships and strengthen the family unit during their time in monterey. During fy 24-25, the foundation supported 20 recreation and affinity clubs within the nps community. Approximately 1,000 nps community members, including students, faculty, staff, and family members, participate in these clubs at no cost. Club activities span a wide range of interests, including chess, cyber, cycling, drones, entrepreneurship, flying, golf, international and language circles, makers, motorcycle, running, sailing, skydiving, soccer, vehicles and wine. These clubs provide opportunities for leadership development, skill-building and community connection.the nps foundation also operates the nps alumni association, which supports local, regional and international alumni engagement. Alumni programs include networking events, professional development opportunities and ongoing communications that help maintain long-term connection to nps. In fy 24-25, the foundation supported alumni programs, membership services and engagement activities serving a diverse alumni population that includes more than 10,000 active members.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 62
  • Accountability: 95
  • Sustainability: 77
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.2%; rating input score 44
  • Program expense ratio: 85.2%; rating input score 85
  • Fundraising efficiency: $34.05 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 23%; rating input score 23; 9th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 51.6%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 3.85; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 14.5%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 19.5% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 18.3% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 12.9% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 44.2% of revenue deployed · 85.2% of spending went to programs
  • Governance: 27 of 27 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $6.9M in reported program spending
  • Leadership: top reported pay $398K · 34 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
  • High — Transparency & Controls: Grant itemization coverage scored 23/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.