2018-02-22T12:24:28-06:00 2017-06-30 420714325 rsm us llp 100 International Drive Suite 1400 Baltimore MD 21202 990 2016-07-01 520548411 UNITED STATES NAVAL ACADEMY ALUMNI ASSOC UNIT 4102954000 247 KING GEORGE STREET ANNAPOLIS MD 214025068 GERALDINE FARMER TREASURER AND COMPTROLLER 4102954000 2018-02-22 1 Julia Flannery P00928918 4102469300 66.98.98.5 2018-02-22 09:33:49 ES P 1F6429F47CD852903688965D63EDB3355B9BF040 CDBA28A911E66288058FA62898B1BC86E1332D72 2016 2021-01-29 14:40:06Z BYRON MARCHANT 247 KING GEORGE STREET ANNAPOLIS MD 214025068 26189268 0 X WWW.USNA.COM X 1947 MD To serve and support the United States, the Naval Service, the Naval Academy, and its Alumni. 26 25 67 50 233059 -30236 5580492 7870677 1661064 1629772 2720823 1967165 843273 873515 10805652 12341129 2467936 2956970 0 0 3624149 3532852 0 0 48567 4455447 4428200 10547532 10918022 258120 1423107 75935260 81453004 24006327 24309447 51928933 57143557 X See Schedule O. 0 0 3418280 689532 MEMBERSHIP SUPPORT - COSTS TO PROVIDE SERVICES TO MEMBERS OF THE ALUMNI ASSOCIATION, CLASS AND CHAPTER SUPPORT, AND SPECIAL ALUMNI EVENTS. THE ASSOCIATION MANAGES THE SERVICE ACADEMY CAREER CONFERENCES FOUR TIMES PER YEAR IN DIFFERENT AREAS OF THE U.S. THE CAREER PROGRAMS DEPARTMENT HAS ASSISTED THOUSANDS OF GRADS WITH THEIR CAREER TRANSITION. THE ASSOCIATION ENGAGED WITH 63,072 EXISTING AND 2,075 NEW MEMBERS IN THE CURRENT FISCAL YEAR. THE ASSOCIATION SUPPORTS 100 CHAPTERS AROUND THE WORLD, 84 PARENT CLUBS THROUGHOUT THE US. 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. 2956970 2956970 SUPPORT - THE ASSOCIATION MAKES CONTRIBUTIONS TO THE U.S. NAVAL ACADEMY AND THE U.S. NAVAL ACADEMY FOUNDATION INC., A RELATED PARTY. CONTIBUTIONS TO U.S. NAVAL ACADEMY SUPPORTED STEM AND ENDOWED CHAIRS, MIDSHIPMEN CLUBS SPORTS AND INTERNATIONAL TRAVEL/STUDIES, CREATIVE ARTS AND MUSEUM MAINTENANCE. CONTRIBUTIONS TO THE U.S. NAVAL ACADEMY FOUNDATION SUPPORTED INFORMATION MANAGEMENT AND TREASURY FUNCTIONS. 1414013 227073 PUBLICATIONS: SHIPMATE, ALUMNI REGISTER AND BUSINESS RESOURCE DIRECTORY - THROUGH THESE PUBLICATIONS, THE ASSOCIATION REACHES OUT TO MEMBERS TO PERPETUATE THE HISTORY, TRADITIONS, MEMORIES AND GROWTH OF THE U.S. NAVAL ACADEMY. Over 50,000 MEMBERS RECEIVE THE ASSOCIATION'S MAGAZINE SHIPMATE EIGHT TIMES PER YEAR. THE ALUMNI REGISTER IS PUBLISHED EVERY FIVE YEARS AND IS A HISTORICAL DOCUMENT OF ALL USNA ALUMNI, BOTH LIVING AND DECEASED, AND INCLUDES USNA HISTORY, FACTs AND ASSISTANCE PAGES. 845001 713167 CAREER TRANSITIONS - EXPENSES RELATED TO THE SERVICE ACADEMICS CAREER CONFERENCE. THE ASSOCIATION MANAGES JOB FAIRS FOUR TIMES PER YEAR AROUND THE COUNTRY WHICH ARE EXCLUSIVE TO SERVICE ACADEMY ALUMNI. THE ASSOCIATION ALSO PROVIDES CAREER COUNSELING and other career support OPPORTUNITIES FOR INTERESTED ALUMNI. 589816 34530 PARTNERSHIP MARKETING - EXPENSES RELATED TO AFFINITY PROGRAMS AND MERCHANDISE SALES. The Association offers programs to its members which offer unique products and services, while gengerating revenue for the Association. 494265 ALUMNI COMMUNICATIONS - SUPPORT FOR ALL ELECTRONIC AND WEBSITE-BASED COMMUNICATIONS. The association supports it members worldwide through its robust website and electronic communications, helping to sustain their bond with the school, their class and classmates. 1929082 747697 9718345 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 68 0 1 67 1 1 1 0 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MD X X X GERALDINE FARMER TREASURER AND COMPTOLLER 4102954050 247 KING GEORGE STREET ANNAPOLIS MD 21401 X robert j natter CHAIRMAN OF THE BOARD 2.00 2.00 X X 0 0 0 leo williams iii vice chairman 2.00 X X 0 0 0 royce a engler trustee (thru 5/8/17) 2.00 X 0 0 0 jeffrey webb trustee (thru 5/8/17) 2.00 X 0 0 0 STEVE HALL TRUstee 2.00 X 0 0 0 veronica rogers trustee 2.00 X 0 0 0 heidi berg trustee 2.00 X 0 0 0 KARIN vernazza trustee 2.00 X 0 0 0 william peerenboom trustee (thru 5/8/17) 2.00 X 0 0 0 david cooper trustee (beg 5/8/17) 2.00 X 0 0 0 william spence johnson trustee (thru 5/8/17) 2.00 X 0 0 0 gary storm trustee (beg 5/8/17) 2.00 X 0 0 0 glen o woods trustee (thru 5/8/17) 2.00 X 0 0 0 mike novak trustee (beg 5/8/17) 2.00 X 0 0 0 timothy s kobosko trustee 2.00 X 0 0 0 minh-tu greenberg trustee 2.00 X 0 0 0 jeffrey murph mccarthy trustee 2.00 X 0 0 0 john-rex spivey trustee 2.00 X 0 0 0 barbette lowndes trustee 2.00 X 0 0 0 dave kern trustee 2.00 X 0 0 0 garry hall trustee (thru 5/5/17) 2.00 X 0 0 0 dale lumme trustee (beg 5/8/17) 2.00 X 0 0 0 ples bruce trustee (thru 5/8/17) 2.00 X 0 0 0 steve colon trustee (beg 5/8/17) 2.00 X 0 0 0 matthew p elias trustee (thru 5/8/17) 2.00 X 0 0 0 greg colandrea trustee (beg 5/8/17) 2.00 X 0 0 0 justin jarski trustee (thru 2/17/17) 2.00 X 0 0 0 john augusto trustee (beg 5/8/17) 2.00 X 0 0 0 ray witter trustee (thru 5/8/17) 2.00 X 0 0 0 dan quattrini trustee (beg 5/8/17) 2.00 X 0 0 0 james n adkins jr trustee 2.00 X 0 0 0 brett potts trustee 2.00 X 0 0 0 liam lane trustee 2.00 X 0 0 0 mel meinhardt trustee 2.00 X 0 0 0 bob sonnenberg trustee 2.00 X 0 0 0 BYRON F MARCHANT PRESIDENT/CEO (SEE SCH. J) 24.00 36.00 X X 208951 313426 39160 HENRY J SANFORD cfo/TREASURER (SEE SCH. J) 27.00 33.00 X 133175 162769 11937 WILLIAM R DAWSON SEC./ EVP Engagement (see sch. j) 50.00 X 210404 0 8905 CRAIG J WASHINGTON ASS'T SEC./DIR. OF ENGAGEMent 50.00 X 120378 0 6544 GERaldine S FARMER COMPTROLLER (SEE SCH. J) 27.00 33.00 X 78293 95691 7844 lisa strobel dir. of treasury ops. (see sch. j) 50.00 X 141353 0 13968 michael mundt dir. investments (see sch. j) 50.00 X 146806 0 6442 jamie wolff dir. info. serv. (SEE SCH. J) 50.00 X 163593 0 7395 kristen pironis exe. dir. ent. comms. (see sch. J) 50.00 X 152282 0 14599 larry rogers tech. dir. systems integ. 50.00 X 116178 0 22982 1471413 571886 139776 10 0 1 0 blackbaud po box 930256 atlanta GA 31193 software consultant 705294 martin's - bo brooks llc 2780 lighthouse point baltimore MD 21224 catering 480943 westin annapolis 100 westgate circle annapolis MD 21401 receptions and rental space 215459 naval academy catering 2 truxtun road 2nd deck annapolis MD 21402 catering 212077 signcraft annapolis llc 2012 renard ct annapolis MD 21401 graphic designer 159438 8 2603997 5266680 180762 7870677 CAREER TRANSITION SERV 541900 713167 713167 life member amortizati 900099 365588 365588 PUBLICATIONS & ADVERTI 541800 227073 227073 homecoming & conferenc 900099 170985 170985 MEMBERSHIP DUES 900099 152959 152959 1629772 318167 -58794 376961 545900 545900 246727 0 246727 246727 246727 15478080 13829082 1648998 1648998 1648998 34530 19057 15473 15473 TRAVEL COMMISSIONS 485000 64780 64780 MISCELLANEOUS 900099 635 635 65415 12341129 1418172 233059 2819221 2891714 2891714 65256 65256 867660 759810 107850 2135335 1869885 265450 162783 142548 20235 165959 145328 20631 201115 176115 25000 32646 28588 4058 53369 53369 137926 137926 1810182 1585159 225023 1151342 1008219 143123 238433 208794 29639 163303 143003 20300 236470 207075 29395 248238 217380 30858 102070 89382 12688 LICENSES & DUES 62047 54334 7713 traINING 52438 45919 6519 bAD DEBT EXPENSE 48567 48567 aWARDS & GIFTS 23292 20397 2895 67877 59439 8438 10918022 9718345 1151110 48567 350 350 6874400 7160641 1419305 3533479 174264 157025 7038 6745 301176 319080 6307879 3179895 3173608 3127984 3297451 3024552 57460790 60508279 3226878 3614869 75935260 81453004 1734767 1713489 22271560 22595958 24006327 24309447 X 6205682 6581102 23075342 27145623 22647909 23416832 51928933 57143557 75935260 81453004 X 1423107 3707164 84353 X X 0 1 X 1 0 X 2686821 4561050 3890139 5599983 7870677 24608670 2686821 4561050 3890139 5599983 7870677 24608670 1199348 23409322 1679306 1114925 1717316 1508704 1110794 7131045 79473 97172 142362 50681 635 370323 32110038 7299429 0.72900 0.68860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 93093845 1176947 7674160 101944952 93871796 597575 -1375526 93093845 92011669 475770 1405475 21118 93871796 84291282 248478 10513714 3041805 92011669 78391286 1380798 7026166 2506968 84291282 0.60360 0.39640 0 1 1 108880 108880 4498902 1824196 2674706 1700097 1355699 344398 3127984 INVESTMENTS IN PARTNERSHIPS, HEDGE FUNDS, OTHER 17835560 F tiff multi-asset fund 34166594 F tiff short-term fund 8506125 F 60508279 DEPOSITS ON LIFE MEMBERSHIPS 563880 CLASS SAVINGS ACCOUNTS 2728803 DEFERRED INCOME AND DEPOSITS 772082 SPLIT INTEREST AGREEMENTS 795227 ACCR. KEY EMPLOYEES RETIREMENT 1387683 UNAMORTIZED LIFE MEMBERSHIPS 16348283 22595958 X 81474305 3707164 2234 66097468 69806866 11667439 137926 535764 673690 12341129 47414067 2234 37167501 37169735 10244332 137926 535764 673690 10918022 Part V, Line 4: The endowment consists of over 100 individual funds established for a variety of purposes. These endowment funds are donor-restricted. the association does not have any board-designated endowment funds. As required by generally accepted accounting principles, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions. Part X, Line 2: The Associations have adopted the accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this policy, the Associations may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position would be sustained on examination by taxing authorities, based on the technical merits of the position. Management has evaluated the Associations' tax positions and has concluded that the Associations have taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with provisions of this guidance. As of June 30, 2017, there are no material unrecognized/derecognized tax benefits or tax penalties or interest. the Associations are no longer subject to U.S. federal, state or local tax examinations by tax authorities for years ended before June 30, 2014. Part XI, Line 2d - Other Adjustments: cost of goods sold netted with revenue 19,057. change in split interest trust agreements 84,353. REVENUE OF AFFILIATE INCLUDED ON CONSOLIDATED FINANCIAL STATEMENTS 65,994,058. Part XI, Line 4b - Other Adjustments: grant from the naval academy foundation, inc. 535,764. Part XII, Line 2d - Other Adjustments: cost of goods sold netted with revenue 19,057. EXPENSES OF AFFILIATE INCLUDED ON CONSOLIDATED FINANCIAL STATEMENTS 37,148,444. Part XII, Line 4b - Other Adjustments: grant from the naval academy foundation, inc. 535,764. 1 Europe 0 0 program services & grantmaking Scholarships 65256 Central America and the Caribbean 0 0 investments 5289626 Europe 0 0 program service alumni trip 2156 europe 0 0 investments 30000 0 0 0 0 0 0 5387038 0 5387038 scholarship europe 2 65256 foreign draft 1 0 1 1 1 0 Part I, Line 2: The U.S. Naval Academy determines who receives the scholarship funds. The U.S. Naval Academy Alumni Association verifies that the scholar and their choice of higher learning are appropriate based on the U.S. Naval Academy's scholar selection process. The funds are then transferred directly to the institution of higher learning. 1 US NAVAL ACADEMY 121 BLAKE ROAD ANNAPOLIS MD 21402 311575142 government org. 2891714 GENERAL SUPPORT 1 0 Part I, Line 2: THE U.S. NAVAL ACADEMY ALUMNI ASSOCIATION KEEPS DETAILED RECORDS OF GRANTS TO THE U.S. NAVAL ACADEMY. ALL GRANTS ARE REVIEWED BY MANAGEMENT PRIOR TO PAYMENT. THE UNRESTRICTED PORTION OF THE GRANT TO THE U.S. NAVAL ACADEMY IS BUDGETED FOR AND APPROVED BY THE BOARD OF TRUSTEES. ALL OTHER GRANTS TO THE U.S. NAVAL ACADEMY ARE BASED ON DONOR DIRECTION OF THEIR RESTRICTED GIFTS. X X X X X 0 1 0 0 0 0 0 1 0 BYRON F MARCHANT PRESIDENT/CEO (SEE SCH. J) 151992 227988 35000 52500 21959 32938 5300 7950 10419 15491 224670 336867 0 0 HENRY J SANFORD cfo/TREASURER (SEE SCH. J) 85500 104500 16200 19800 31475 38469 4275 5225 1097 1340 138547 169334 0 0 WILLIAM R DAWSON SEC./ EVP Engagement (see sch. j) 159923 0 31000 0 19481 0 7695 0 1210 0 219309 0 0 0 GERaldine S FARMER COMPTROLLER (SEE SCH. J) 61425 75074 5528 6757 11340 13860 3071 3754 459 560 81823 100005 0 0 lisa strobel dir. of treasury ops. (see sch. j) 113249 0 7840 0 20264 0 5673 0 8295 0 155321 0 0 0 michael mundt dir. investments (see sch. j) 115000 0 8050 0 23756 0 5750 0 692 0 153248 0 0 0 jamie wolff dir. info. serv. (SEE SCH. J) 133944 0 9240 0 20409 0 6600 0 795 0 170988 0 0 0 kristen pironis exe. dir. ent. comms. (see sch. J) 128392 0 25000 0 -1110 0 6420 0 8179 0 166881 0 0 0 Part I, Line 4b BYRON MARCHANT AND HENRY SANFORD PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. BYRON MARCHANT RECEIVED A PAYMENT OF $50,000 AND HENRY SANFORD RECEIVED A PAYMENT OF $42,000 DURING 2016. THESE AMOUNTS ARE INCLUDED ON FORM 990, PART VII, COLUMN D AND E AND ON SCHEDULE J, PART II, COLUMN BIII. Part I, Line 7 On an annual basis, the compensation committee reviews the performance of certain persons listed on Part VII and Schedule J, and in its sole discretion, awards bonuses based on their internal review. Some years bonuses are not paid as well, per the sole discretion of the compensation committee. Such bonuses awarded are properly listed as paid and as reportable compensation in Part VII, column D, and on Schedule J, Part II, Column B(ii). form 990, schedule j, part i, line 3 The written employment contract is an internal contract only. Schedule J, Part II: To provide clarity as to the makeup of amount reported for listed persons on Schedule J, Part II, the amounts on columns B (i-iii) report income taxable to the organization's persons and as properly reported on Form W-2 for the year ending on December 31st which occurs within the organization's tax reporting period. The amounts reported in column C report information related to contributions by the organization to the employee's retirement plans per agreements in place, the amounts reported in column D, report items of nontaxable income that are generally reported on other tax exempt organization returns, including health insurance, dental insurance, etc. These amounts reported in Column D are generally nontaxable to the recipient's per other code sections in the Internal Revenue Code. X 16 178119 fair market value X class rings 2 2643 fair market value 0 1 0 form 990, part iii, line 1, description of organization mission: To serve and support the United States, the Naval Service, the Naval Academy and its Alumni: By furthering the highest standards at the Naval Academy; By seeking out, informing, encouraging, and assisting outstanding, qualified young men and women to pursue careers as officers in the Navy and Marine Corps through the Naval Academy; and By initiating and sponsoring activities which will perpetuate the history, traditions, memories and growth of the Naval Academy and bind Alumni together in support of the highest ideals of command, citizenship and government. THE MISSION STATEMENT OF THE RELATED ENTITY, THE U.S. NAVAL ACADEMY FOUNDATION: To support, promote and advance the mission of the Naval Academy by working in conjunction with Academy leadership to identify strategic institutional priorities and by raising, managing and disbursing private gift funds that provide a margin of excellence in support of the nation's premier leadership institution. Form 990, Part VI, Section A, line 6 Regular members are graduates of the United States Naval Academy (the "Academy") and former midshipmen who did not graduate from the Academy, after the last Academy class of which they were a member has graduated and who, in each case, have applied for membership and have been admitted. Regular members have the right to vote, to hold office, to serve as trustees and shall pay dues. Each regular member is entitled to one (1) vote in all elections conducted per Section 4.6(a) of the bylaws, and all questions presented to the membership for action. In order to maintain a strong and vibrant organization, the Association may from time to time establish additional classes of membership with criteria for such classes of membership and approval of individual members to be determined by the Board. Form 990, Part VI, Section A, line 7a See explanation for Form 990, Part VI, Section A, Line 6. Form 990, Part VI, Section B, line 11b The Form 990 was reviewed by management and members of the Joint Finance and Audit Committee of U.S. Naval Academy Alumni Association and U.S. Naval Academy Foundation with our tax preparers and sent to members of the Board of Trustees and to the IRS. Form 990, Part VI, Section B, line 12c The conflict of interest policy is sent to each Board/Trustee member at the beginning of the calendar year with a self addressed envelope for responding. The policy details potential conflicts of interest and the need to disclose such conflicts. The policy also defines the Board/Trustee's member fiduciary obligation to the organization. All conflicts of interest statements are returned to the Board Secretary's office and kept on file. Any statements with an affirmative conflict are circulated to the board and the board member agrees to answer any questions regarding the conflict. The completed signed conflicts of interest statements are reviewed by the organization's audit firm during the annual audit for completeness and to ensure that all Board/Trustee members are included. Form 990, Part VI, Section B, line 15 The process for determining compensation of the CEO, other officers and key employees of the organization "includes a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision." Specifically, the organization takes all of the steps necessary to ensure that the compensation packages of these individuals are not only reasonable and competitive, but are designed and determined in the precise manner specified in the Internal Revenue Service's "intermediate sanctions" regulations. The process for determining the compensation packages of these individuals is as follows: 1. A Joint Compensation Committee is constituted that is composed entirely of current and former Trustees and directors meeting a strict "no conflicts" independence test set forth in the IRS regulations. The Joint Committee is chartered by the Boards to evaluate and approve the compensation of the senior executives. The approved compensation levels are included in the annual operating budget which is subsequently approved by both boards. 2. The Committee acquires appropriate, independent market comparability data from its professional compensation consultant. 3. The Committee reviews this comparability data in detail, posing appropriate questions to its professional compensation consultant. 4. The Committee reviews the qualifications, experience and performance of each of the individuals against the comparability data acquired from the professional compensation consultant. 5. The Committee designs a proposed compensation package for each of the individuals and seeks a written opinion from the professional compensation consultant that the proposed compensation package is reasonable. (The Committee makes any adjustments to the proposal required in order for the professional compensation consultant to conclude that the package is reasonable.) 6. The Committee memorializes all of its deliberations in detailed Committee Minutes that are reviewed and corrected, if necessary and approved at its following meeting. 7. The Committee acquires an opinion of counsel concluding that the process followed by the Committee meets the requirements of the IRS regulations. 8. The Committee regularly reviews its process to ensure that it continues to meet all of the requirements of applicable law. Form 990, Part VI, Section C, line 19 The organization makes all necessary and required governing documents, conflicts of interest policies, financial statements, Form 990s and annual report available on its website: www.usna.com for the same period of disclosure as set forth in section 6104(d). form 990, part vii, section a AND PART VII, SECTION B All information reported on this 2016 Form 990 is reported on a fiscal year beginning July 1, 2016 and ending June 30, 2017, with the exception of information that is reported for compensation on Schedule J and Part VII of the return. Compensation listed on these schedules is based on CALENDAR YEAR reported compensation (per the 990 instructions) for the calendar year January 1, 2016 and ending December 31, 2016. FORM 990, PART VII, LINE 1A, COLUMN B SEVERAL OFFICERS OF THE UNITED STATES NAVAL ACADEMY ALUMNI ASSOCIATION ARE DUALLY EMPLOYED BY A RELATED ORGANIZATION, THE U.S. NAVAL ACADEMY FOUNDATION. HOURS DEVOTED TO THE FOUNDATION ARE LISTED BELOW FOR THE OFFICERS INVOLVED IN BOTH ORGANIZATIONS: OFFICER HOURS DEVOTED TO FOUNDATION BYRON F. MARCHANT 36 HENRY J. SANFORD 33 GERALDINE S. FARMER 33 Form 990, Part XI, line 9: CHANGE IN SPLIT INTEREST AGREEMENTS 84,353. 990, Part XI, Question 2b - Audited Financial Statements For GAAP purposes, the organization presents its activity in a consolidated format with its related entity, the U.S. Naval Academy Foundation. These consolidated financial statements are audited by independent auditors. The GAAP financial statements include supplementary information that presents the financial position and the changes in net assets of the Association. form 990, part i, line 5 and form 990, part v, line 2a The U.S. Naval Academy Alumni Association is the paymaster for both the Association and the U.S. Naval Academy Foundation (a related organization). Due to the Association's role as paymaster for both organizations, the Association reports both Association and Foundation employees for W-3 purposes and the Foundation does not report employees for W-3 purposes. The Association files all related employment tax forms. All payroll expenses related to the Foundation are recorded as a receivable to the Association and a payable from the Foundation. us naval academy foundation inc 247 king george street annapolis MD 21402 237003516 support of u.s. naval academy MD 501(c)(3) 7 N/A 0 0 0 1 1 1 0 0 0 1 0 0 1 1 1 1 1 1 1 1