2025-11-03T11:27:53-06:00 2024-12-31 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2024-01-01 530116710 NAVY LEAGUE OF THE UNITED STATES NAVY 7033122880 2300 WILSON BOULEVARD 200 ARLINGTON VA 22201 MICHAEL STEVENS CEO 7033122880 2025-10-29 1 1 KRISTEN BARNETT P01234578 8133162300 2025-10-29 2024 2025-03-06 01:10:19Z MICHAEL STEVENS 2300 WILSON BOULEVARD 200 ARLINGTON VA 22201 19139583 0 X WWW.NAVYLEAGUE.ORG X 1902 NY THE NAVY LEAGUE OF THE UNITED STATES IS A PROFESSIONAL ORGANIZATION WHOSE PRIMARY OBJECTIVE IS TO BE A SOURCE OF INFORMATION TO THE GENERAL PUBLIC, PROVIDE DIRECT ASSISTANCE TO MEN AND WOMEN IN THE SEA SERVICES AND SPONSOR SCHOLARSHIPS AND YOUTH PROGRAMS WHICH ARE GEARED TOWARD THE SEA SERVICES. IN ADDITION, THE NAVY LEAGUE SERVES AS AN ADVOCATE FOR THE SEA SERVICES IN VARIOUS PUBLIC FORUMS. 33 33 37 8500 41235 0 2311568 2653534 8392083 9783730 -516843 931927 233550 242340 10420358 13611531 460300 12517 0 0 4684614 4717109 20200 20255 379238 5067522 5407654 10232636 10157535 187722 3453996 75607291 80189532 73019206 72839853 2588085 7349679 X THE NAVY LEAGUE OF THE UNITED STATES IS A PROFESSIONAL ORGANIZATION WHOSE PRIMARY OBJECTIVE IS TO BE A SOURCE OF INFORMATION TO THE GENERAL PUBLIC, PROVIDE DIRECT ASSISTANCE TO MEN AND WOMEN IN THE SEA SERVICES AND SPONSOR SCHOLARSHIPS AND YOUTH PROGRAMS WHICH ARE GEARED TOWARD THE SEA SERVICES. IN ADDITION, THE NAVY LEAGUE SERVES AS AN ADVOCATE FOR THE SEA SERVICES IN VARIOUS PUBLIC FORUMS. 0 0 4639088 12517 6539854 SEA-AIR-SPACE: THE NAVY LEAGUE'S SEA-AIR-SPACE EXPOSITION WAS FOUNDED IN 1965 AS A MEANS TO BRING THE U.S. DEFENSE INDUSTRIAL BASE, PRIVATE-SECTOR U.S. COMPANIES AND KEY MILITARY DECISION MAKERS TOGETHER FOR AN ANNUAL INNOVATIVE, EDUCATIONAL, PROFESSIONAL AND MARITIME BASED EVENT LOCATED IN THE HEART OF WASHINGTON, DC. SEA-AIR-SPACE IS NOW THE LARGEST MARITIME EXPOSITION IN THE U.S. AND CONTINUES AS AN INVALUABLE EXTENSION OF THE NAVY LEAGUE'S MISSION OF MARITIME POLICY EDUCATION AND SEA SERVICE SUPPORT.SEA-AIR-SPACE FEATURES:-MORE THAN 290 DYNAMIC, INNOVATIVE AND SOPHISTICATED DEFENSE AND MARITIME INDUSTRY EXHIBITS DISPLAYING THE LATEST IN TECHNOLOGY AND EQUIPMENT IN A 100,000 SQUARE FOOT EXHIBIT SPACE AND SERVING OVER 15,000 ATTENDEES. -ABUNDANT OPPORTUNITIES TO LEARN ABOUT, TEST AND SEE THE MOST ADVANCED MILITARY EQUIPMENT.PROFESSIONAL DEVELOPMENT SESSIONS FEATURING:- HIGH LEVEL DISCUSSIONS ON IMPORTANT STRATEGIC POLICY ISSUES- THE MOST UP-TO-THE-MINUTE DEVELOPMENTS IN POLICY, PROGRAMS AND NEEDS FOR THE MARITIME SERVICES.- PANELISTS FROM THE U.S. DEPARTMENTS OF DEFENSE, HOMELAND SECURITY AND STATE; THE U.S. NAVY, MARINE CORPS AND COAST GUARD; AND THE MARITIME ADMINISTRATION. DAILY EXHIBIT HALL FLOOR SPEAKER SESSIONS FEATURING:- TACTICAL, REAL-LIFE APPLICATION PERSPECTIVES.- SPEAKERS REPRESENT EACH OF THE SEA SERVICES FROM THE PROGRAM LEVEL.- DISCUSSIONS OF TECHNOLOGY, PROGRAMS AND PRODUCTS CURRENTLY IN USE.- DISCUSSIONS OF TECHNOLOGY APPLICATIONS AND NEEDS FOR THE FUTURE.THE SEA-AIR-SPACE EXPOSITION WILL CONTINUE TO SUPPORT THE MISSION OF THE NAVY LEAGUE AND LEAD THE WAY AS "THE" EXPOSITION TO ATTEND EACH YEAR TO DISPLAY THE MOST CURRENT INFORMATION AND TECHNOLOGY RELEVANT TO MARITIME POLICY. 1319475 545657 CENTER FOR MARITIME STRATEGY SUPPORTS ALL OF THE NATION'S SEA SERVICES, INCLUDING THE NAVY, MARINE CORPS, COAST GUARD, AND MERCHANT MARINE, THROUGH CONDUCTING SCHOLARLY RESEARCH AND ANALYSIS TO DRIVE PRUDENT NATIONAL SECURITY POLICIES TO STRENGTHEN AMERICAN NATIONAL SECURITY. 723954 279597 SEA POWER MAGAZINE: SEAPOWER MAGAZINE IS THE OFFICIAL PUBLICATION OF THE NAVY LEAGUE OF THE UNITED STATES. IT IS THE ONLY PUBLICATION IN EXISTENCE TODAY THAT COVERS ALL FOUR U.S. SEA SERVICES IN A WAY THAT ILLUSTRATES THEIR INTERDEPENDENCE AND IMPORTANCE TO EACH OTHER AND THE NATION. IT IS A CRITICAL TOOL IN THE NAVY LEAGUE'S MISSION OF EDUCATION AND ADVOCACY.SEAPOWER IS MORE THAN A MAGAZINE. IT IS A BRAND OF THE NAVY LEAGUE WITH A FOOTPRINT IN DIGITAL AS WELL A PRINT. IN ALL ITS FORMS, SEAPOWER STRIVES TO BE A FAIR AND HONEST BROKER OF SEA SERVICE AND NAVY LEAGUE NEWS AND INFORMATION. THE ALMANAC ISSUE, PUBLISHED IN JANUARY, IS AN ESSENTIAL AND SOUGHT-AFTER REFERENCE TOOL FOR ALL THINGS RELATED TO THE SEA SERVICES.SEAPOWER ARTICLES IN PRINT (30,000 MONTHLY CIRCULATION) AND ONLINE (AVAILABLE TO ALL NAVY LEAGUE MEMBERS) COVER A WIDE RANGE OF TOPICS, INCLUDING NATIONAL DEFENSE, FOREIGN POLICY, NAVAL AFFAIRS, COMMERCIAL MARITIME ISSUES, HOMELAND SECURITY, AND DEFENSE RESEARCH, DEVELOPMENT AND PROCUREMENT.THE MAGAZINE IS PUBLISHED 10 TIMES A YEAR, WITH THE COMBINED ISSUES OF FEBRUARY/MARCH AND JULY/AUGUST.SUPPORTING TEAM SEAPOWER ARE JOURNALISTS WHO ARE HIGHLY REGARDED IN THE FIELDS OF DEFENSE AND COMMERCIAL MARITIME TECHNOLOGY, ACQUISITION, DOCTRINE AND LEGISLATIVE AFFAIRS.WHILE EDITORIAL COVERAGE OFTEN IS GUIDED BY CURRENT EVENTS, EACH ISSUE ALSO INCLUDES A THEME, OR SPECIAL REPORT. 6682517 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 34 0 1 37 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 33 33 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR AZ CA CO DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NY NC ND OH OK OR RI SC TN UT VA WA WV WI X TANNEKA JONES SVP FINANCE 7033122880 2300 WILSON BOULEVARD 200 ARLINGTON VA 22201 CHRISTOPHER TOWNSEND NATIONAL PRESIDENT 1.00 X X 0 0 0 LARRY SALTER NATIONAL PRESIDENT-ELECT 1.00 X X 0 0 0 JOHN RICHARDSON NATIONAL SVP-ELECT 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 MARK HARDEN NATIONAL JUDGE ADVOCATE 1.00 X 0 0 0 DAVE REILLY PAST NATIONAL PRESIDENT 1.00 X 0 0 0 WILLIAM STEVENSON III PAST NATIONAL PRESIDENT 1.00 X 0 0 0 ALAN KAPLAN PAST NATIONAL PRESIDENT 1.00 X 0 0 0 SINCLAIR HARRIS NATIONAL VICE PRESIDENT 1.00 X 0 0 0 DOUGLAS FULTON NATIONAL VICE PRESIDENT 1.00 X 0 0 0 EVA GARCIA NATIONAL VICE PRESIDENT 1.00 X 0 0 0 MARK HALLER NATIONAL VICE PRESIDENT 1.00 X 0 0 0 SARA FUENTES NATIONAL VICE PRESIDENT 1.00 X 0 0 0 ROBIN GRAF NATIONAL VICE PRESIDENT 1.00 X 0 0 0 FRANK RUSSO NATIONAL VICE PRESIDENT 1.00 X 0 0 0 DAN MCCORT REGION PRESIDENT CHAIR 1.00 X 0 0 0 TEODOR PATRICHI REGION PRESIDENT 1.00 X 0 0 0 ANDY MOHLER REGION PRESIDENT 1.00 X 0 0 0 MICHELE LANGFORD REGION PRESIDENT 1.00 X 0 0 0 STEVE WESTOVER REGION PRESIDENT 1.00 X 0 0 0 LARRY OSBORN REGION PRESIDENT 1.00 X 0 0 0 CHARLES MCCLESKEY REGION PRESIDENT 1.00 X 0 0 0 KEVIN BUTTON REGION PRESIDENT 1.00 X 0 0 0 BOB SHAUGHNESSEY REGION PRESIDENT 1.00 X 0 0 0 TOM CLARK REGION PRESIDENT 1.00 X 0 0 0 HENRY AMOS REGION PRESIDENT 1.00 X 0 0 0 BARRY BROWN REGION PRESIDENT 1.00 X 0 0 0 BRUCE BISHOP PARLIAMENTARIAN 1.00 X 0 0 0 CHARLEY DIAZ REGION PRESIDENT 1.00 X 0 0 0 NORMA MILIO REGION PRESIDENT 1.00 X 0 0 0 TOM RAMAR REGION PRESIDENT 1.00 X 0 0 0 DR JENNIFER LONDON NP APPOINTMENT 1.00 1.00 X 0 0 0 MICHAEL STEVENS CHIEF EXECUTIVE OFFICER 40.00 2.00 X 379128 0 30248 RYAN DONALDSON CHIEF OPERATING OFFICER 40.00 2.00 X 239518 0 40790 JAIME FOGGO DEAN OF CENTER FOR MARITIME STRATEGY 40.00 X 361866 0 79485 JOLENE EDWARDS EVP, TECHNOLOGY & MEDIA 40.00 X 155449 0 15028 LETICIA CLICK VP, CORPORATE AFFAIRS 40.00 X 142084 0 48249 STEVEN WILLS NAVALIST 40.00 X 141956 0 12835 TANNEKA JONES SVP, FINANCE 40.00 X 141157 0 42614 KEVYAN SLY VP, MEETINGS 40.00 X 135275 0 35610 1696433 0 304859 15 0 1 0 GAYLORD NATIONAL RESORT & CONVENTION CEN 201 WATERFRONT STREET OXON HILL MD 20745 EVENT SPACE RENTAL, FOOD & BEVERAGE 884915 NATIONAL TRADE PRODUCTIONS PO BOX 744812 ATLANTA GA 303744534 EXHIBITOR MANAGEMENT/SUPPORT SERVICES 843984 AUDIE EXPO 11161 E SR 70 STE 110-130 LAKEWOOD RANCH FL 34202 SHOW FLOOR AND EVENT SET UP/DESIGN 725233 INSPIRE EVENT TECHNOLOGIES LLC PO BOX 671170 DALLAS TX 752671170 AUDIO VISUAL SUPPORT FOR EVENTS 590843 NIMBLEUSER PO BOX 737451 DALLAS TX 753737451 NEW SOFTWARE DEVELOPMENT 459671 12 1438519 1215015 2653534 SEA-AIR SPACE EXPO. 611710 9504133 7246608 2257525 PUBLICATIONS 541800 279597 279597 9783730 483639 483639 5419190 5528052 -108862 -108862 -238362 129500 448288 0 448288 448288 448288 OTHER REVENUE 900099 232702 232702 NAVY BALL 900099 118500 118500 351202 13611531 7365108 41235 3551654 1115 1115 11402 11402 1130035 461399 621686 46950 2933066 1197586 1613620 121860 124185 50705 68320 5160 256051 104547 140866 10638 273772 111783 150615 11374 23973 19405 4568 55787 45156 10631 20255 20255 83235 83235 579060 485109 93951 51888 51888 520114 241497 268065 10552 166996 153940 13056 794113 481207 286971 25935 98521 96269 1853 399 2434641 2379000 45783 9858 104648 11426 93222 97689 10666 87023 EQUIPMENT & SOFTWARE 308535 308535 SUBSCRIPTIONS & DUES 4259 1918 2156 185 ALLOCATED COSTS 0 963155 -1066171 103016 84195 9172 75023 10157535 6682517 3095780 379238 6461795 897134 7496441 3214222 3894188 420531 594972 54974278 31079242 24443232 23895036 14550604 14018458 7538737 12173073 1655525 1711226 17322645 15509004 75607291 80189532 2303935 2940319 7013027 7981989 57283097 56315436 6419147 5602109 73019206 72839853 X 1994195 6731462 593890 618217 2588085 7349679 75607291 80189532 X 3453996 1649059 -341461 X X 0 1 X 1 0 X 1748385 2150929 3267639 2311568 2653534 12132055 1748385 2150929 3267639 2311568 2653534 12132055 1657998 10474057 352885 723936 738808 890299 613139 3319067 19611 715635 363974 198542 351202 1648964 17100086 30710071 0.61250 0.59750 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME FROM EXEMPT ACTIVITY - 2020 AMOUNT: $ 19,611. 2021 AMOUNT: $ 715,635. 2022 AMOUNT: $ 363,974. 2023 AMOUNT: $ 198,542. 2024 AMOUNT: $ 351,202. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17154 7352 24506 15577846 15602352 930118 232530 0 0 552948 938257 917148 930118 3338471 5007707 25080 25738 20344 24506 95668 138237 234564 229287 232530 834618 1251927 17556 18017 14241 17154 66968 327180 36272 37061 326391 388077 -60897 327180 530721 -142644 388077 486348 44373 530721 447191 39157 486348 0.00000 1.00000 0.00000 0 0 3952268 3952268 28930228 14428062 14502166 16181361 11349588 4831773 3499972 3063662 436310 2410449 2237930 172519 23895036 7496737 C PAINTING 42000 F FIDELITY 500 INDEX FUND 4634336 F 12173073 DEFERRED RENT RECEIVABLE 3455651 ESCROWS 6842069 RIGHT OF USE ASSET 5211284 15509004 SECURITY DEPOSIT 390825 LEASE LIABILITY 5211284 5602109 X 21740535 1649059 6563180 8212239 13528296 83235 83235 13611531 17801501 7727201 7727201 10074300 83235 83235 10157535 PART V, LINE 4: THE EARNINGS FROM THESE ENDOWMENTS ARE AVAILABLE IN SUPPORT OF PROGRAMS OF THE LEAGUE. THE LEAGUE APPROPRIATES THE ENTIRE BALANCE OF THE ANNUAL EARNINGS TO BE AVAILABLE FOR THE PROGRAMS LISTED BELOW. AWARDS AND YOUTH PROGRAMS: $287,909 OCEANIC EDUCATION: $38,482 PART X, LINE 2: THE NAVY LEAGUE IS EXEMPT FROM FEDERAL INCOME TAX, EXCEPT ON INCOME FROM UNRELATED BUSINESS ACTIVITIES, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE NAVY LEAGUE HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE IRC. THE LLC IS A SINGLE-MEMBER LIMITED LIABILITY COMPANY FOR FEDERAL AND STATE INCOME TAX PURPOSES AND, AS SUCH, IT IS TREATED AS A DISREGARDED ENTITY FOR INCOME TAX REPORTING PURPOSES. CONSEQUENTLY, INCOME TAX ATTRIBUTES FLOW THROUGH TO THE NAVY LEAGUE. THERE WAS NO INCOME TAX EXPENSE REPORTED FOR THE YEAR ENDED DECEMBER 31, 2024. THE LLC'S NET OPERATING LOSSES TOTALED APPROXIMATELY $13.8 MILLION AT DECEMBER 31, 2024, AND WILL BEGIN TO EXPIRE IN 2026. THE LLC HAS RECORDED A FULL VALUATION ALLOWANCE AGAINST THESE POTENTIAL DEFERRED TAX ASSETS BASED UPON CONSIDERATION OF ALL AVAILABLE EVIDENCE AS IT IS EXPECTED THAT THE BENEFIT WILL NOT BE FULLY REALIZED. AS A RESULT, THE LLC'S STATEMENTS REFLECT NO DEFERRED TAX ASSETS ON A NET BASIS AS OF DECEMBER 31, 2024. NLDC IS A C CORPORATION AND FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE COMMONWEALTH OF VIRGINIA. THERE WAS NO INCOME TAX EXPENSE REPORTED FOR THE YEAR ENDED DECEMBER 31,2024. THE ASSOCIATION WAS CLASSIFIED AS A NONEXEMPT MEMBERSHIP ORGANIZATION FOR BOTH FEDERAL AND STATE INCOME TAX PURPOSES FOR THE YEAR ENDED DECEMBER 31, 2024. IT DOES NOT QUALIFY AS AN EXEMPT ORGANIZATION. THE ASSOCIATION IS SUBJECT TO SPECIFIC RULINGS AND REGULATIONS APPLICABLE TO NONEXEMPT MEMBERSHIP ORGANIZATIONS. THE ASSOCIATION QUALIFIES AS A TAX-EXEMPT HOMEOWNERS' ASSOCIATION UNDER SECTION 528 OF THE IRC. UNDER THAT SECTION, THE ASSOCIATION IS NOT TAXED ON INCOME AND EXPENSES RELATED TO ITS EXEMPT PURPOSE, WHICH IS THE ACQUISITION, CONSTRUCTION, MANAGEMENT, MAINTENANCE AND CARE OF ASSOCIATION PROPERTY. NET NONEXEMPT FUNCTION INCOME, WHICH INCLUDES EARNED INTEREST AND REVENUES RECEIVED FROM NONMEMBERS, IS TAXABLE. THE ASSOCIATION HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED FINANCIAL STATEMENT ELIMINATION -832,349. NAVY LEAGUE DEVELOPMENT CORPORATION REVENUE INCLUDED IN CONSOL. FS 421,464. NAVY LEAGUE BUILDING CONDO UNIT OWNERS ASSOC. REVENUE INCLUDED IN CONSOL. FS 1,787,474. RENTAL EXPENSES INCLUDED IN PART VIII LINE 6B 5,528,052. EARLY TERMINATION OF LEASE -341,461. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED FINANCIAL STATEMENT ELIMINATION -832,349. NAVY LEAGUE DEVELOPMENT CORPORATION EXPENSES INCLUDED IN CONSOL. FS 1,244,024. NAVY LEAGUE BUILDING CONDO UNIT OWNERS ASSOC. EXPENSES INCLUDED IN CON. FS 1,787,474. RENTAL EXPENSES INCLUDED IN PART VIII LINE 6B 5,528,052. X X X 1 PENTERA 8650 COMMERCE PARK PLACE INDIANAPOLIS IN 46268 PLANNED GIVING NEWSLETTER AND EMAIL 0 0 20225 0 20225 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 1 STEM GRANTS 12 11402 PART I, LINE 2: THE STEM GRANTS ARE AWARDED BASED UPON THE PROGRAM WRITE UP THAT IS SHARED WHEN APPLYING. THERE IS NO FOLLOW UP AFTERWARDS. X X 0 0 0 0 0 0 0 1 0 JAIME FOGGO DEAN OF CENTER FOR MARITIME STRATEGY 283191 0 75000 0 3675 0 21826 0 57659 0 441351 0 0 0 MICHAEL STEVENS CHIEF EXECUTIVE OFFICER 302131 0 75000 0 1997 0 27290 0 2958 0 409376 0 0 0 RYAN DONALDSON CHIEF OPERATING OFFICER 189346 0 50000 0 172 0 16051 0 24739 0 280308 0 0 0 LETICIA CLICK VP, CORPORATE AFFAIRS 126454 0 15000 0 630 0 7302 0 40947 0 190333 0 0 0 TANNEKA JONES SVP, FINANCE 126005 0 15000 0 152 0 10122 0 32492 0 183771 0 0 0 KEVYAN SLY VP, MEETINGS 120085 0 15000 0 190 0 6695 0 28915 0 170885 0 0 0 JOLENE EDWARDS EVP, TECHNOLOGY & MEDIA 135353 0 20000 0 96 0 9766 0 5262 0 170477 0 0 0 STEVEN WILLS NAVALIST 131518 0 10000 0 438 0 6781 0 6054 0 154791 0 0 0 PART I, LINE 7 STAFF BONUSES WERE PAID IN DECEMBER 2024. AN OVERALL AMOUNT FOR BONUSES WAS APPROVED IN THE 2024 BUDGET BY THE COMPENSATION COMMITTEE AND BUDGET COMMITTEE. CEO AND COO DETERMINED THE AMOUNT OF THE DISCRETIONARY BONUSES TO BE PAID OUT TO STAFF. FORM 990, PART VI, SECTION A, LINE 3 THE NLUS HAS CONTRACTED WITH JLL, WHICH IS A COMMERCIAL REAL ESTATE SERVICE THAT MANAGES THE DAILY OPERATIONS OF THE NAVY LEAGUE BUILDING - AN INVESTMENT OF THE NAVY LEAGUE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE VOTING CLASS OF MEMBERS THAT ELECTS THE DIRECTORS. ALL MEMBERS HAVE EQUAL VOTING RIGHTS. ONE VOTE PER MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP OF THE ORGANIZATION ELECTS THE DIRECTORS OF THE ORGANIZATION. THERE IS ONLY ONE CLASS AND EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, THE COO, THE SVP FINANCE AND ASSISTANT CONTROLLER REVIEW THE RETURN AFTER IT IS PREPARED BY THE TAX PREPARERS FROM THE BOOKS, RECORDS AND OTHER INFORMATION SUPPLIED BY THE ORGANIZATION. THE RETURN IS THEN MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING DOCUMENTS WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C WHEN THE BOARD OF NAVY LEAGUE (NLUS) MEETS, THE NATIONAL PRESIDENT REMINDS THE BOARD OF THE CONFLICT OF INTEREST POLICY AND ASKS THEM TO DISCLOSE ANY CONFLICTS OF INTEREST. THE NLUS 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 LEAGUE IN WRITING OF ANY CONFLICTS UNDER THIS POLICY. NEW BOD MEMBERS AND STAFF ARE REQUIRED TO SIGN THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE NLUS CEO'S COMPENSATION IS DETERMINED AND REVIEWED BY THE PAY AND COMPENSATION COMMITTEE IN CONSULTATION WITH THE NATIONAL PRESIDENT. THE COMMITTEE MAY CONSULT WITH INDEPENDENT PERSONS IN DETERMINING THE PAY PACKAGE OFFERED TO THE CEO. A WRITTEN EMPLOYMENT AGREEMENT IS EXECUTED. THE NLUS STAFF'S COMPENSATION IS DETERMINED AND REVIEWED BY THE CEO AND PAY AND COMPENSATION COMMITTEE. THE CEO 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 A WRITTEN OFFER LETTER THAT IS MAINTAINED IN THEIR PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 THE LEAGUE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND ON THE "GUIDESTAR" WEBSITE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: EARLY TERMINATION OF LEASE -341,461. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. NAVY LEAGUE BUILDING LLC 2300 WILSON BOULEVARD ARLINGTON VA 22201 542061880 TO OWN, OPERATE, LEASE, SELL OR MANAGE COMMERCIAL REAL ESTATE. 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