United States Naval Academy Alumni Assoc
Nonprofit profile at a glance
- EIN
- 520548411
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Annapolis, MD, USA
- Phone
- 4102954000
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Alumni Associations
Reported finances
- Revenue
- $16,059,020
- Expenses
- $16,419,947
- Assets
- $163,393,299
- Liabilities
- $10,179,772
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
48 people listed
Executive titles in this filing
- JEFFREY R WEBB (PRESIDENT/CEO (SEE SCH J))
Highest reported compensation
- JEFFREY R WEBB (PRESIDENT/CEO (SEE SCH J)): $606,577 total reported compensation
- ROBERT W GAST (FORMER EVP & CFO/TREAS (SEE SCH J)): $325,094 total reported compensation
- THOMAS GRADY (EVP COMMS & ENGAGEMENT (SEE SCH J)): $320,304 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o.
What it reported doing in 2024
Membership support - costs to provide services to members of the alumni association, class and chapter support, and special alumni events. The association engaged with 71,840 existing and 2,245 new members in the current fiscal year. The association supports 104 chapters around the world, 77 parent clubs throughout the us and 6 shared interest groups. Staff supports an international chapter officer's forum each year, two class meetings and various parent functions. Association members are invited to participate in a number of special events including tailgates and founder's day, luncheons with speakers, academy events and activities with the brigade of midshipmen.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 71% for direct work, and 29% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 89
- Accountability: 98
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.7%; rating input score 99
- Program expense ratio: 83.2%; rating input score 83
- Fundraising efficiency: $14.18 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 96.7%; rating input score 97; 30th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: -2.2%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 9.95; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 13.4%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 4.4% per year; rating input score 100; 37th percentile among comparable filings
- Revenue growth: 6.9% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 98.7% of revenue deployed · 83.2% of spending went to programs
- Governance: 29 of 30 board members independent · 9 of 9 filing controls reported
- Programs: 6 filed program accomplishments · $13.7M in reported program spending
- Leadership: top reported pay $607K · 48 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.5M 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: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 48/100.
- High — Sustainability: Operating margin scored 23/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.