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EIN 23-7328323

Naval Academy Sailing Foundation (NASF)

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Annapolis
State
Maryland
Year formed
1973
Most recent tax filings
2022-12-01
NTEE code, primary
W11: Public and Societal Benefit Single Organization Support
Description
Naval Academy Sailing Foundation is an IRS 501(c)(3) charitable tax-exempt corporation, chartered in the State of Maryland since 1973. Its sole function is to further the mission of the United States Naval Academy.
Total revenues
$2,874,725
2022
Total expenses
$2,638,161
2022
Total assets
$34,329,304
2022
Num. employees
1
2022

Program areas at NASF

Expenditures made on boats donated to the Foundation for use by the u.s. navy in the Naval Academy's training programs. Costs consist of repairs, maintenance, depreciation, insurance on vessels, and cost of acquiring title. Additionally, the Foundation funds the full-time salaries of 5 us Naval Academy Sailing coaches.

Who funds Naval Academy Sailing Foundation (NASF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$10,100

Personnel at NASF

NameTitleCompensation
Les SpanheimerTreasurer and Executive Director$125,000
Anthony W ParkerPresident and Trustee$0
Margaret PodlichSecretary and Trustee$0
Philip LotzTrustee$0
Mr. A.l."chip" LoomisPresident and Trustee$0
...and 4 more key personnel

Financials for NASF

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,981,744
Program services$0
Investment income and dividends$510,451
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-2,617,470
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,874,725

Form 990s for NASF

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-29990View PDF
2020-122021-06-26990View PDF
2019-122021-03-01990View PDF
2018-122020-02-10990View PDF
2017-122018-12-22990View PDF
...and 7 more Form 990s
Data update history
December 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 6, 2023
Updated personnel
Identified 3 new personnel
February 4, 2023
Posted financials
Added Form 990 for fiscal year 2020
January 4, 2022
Updated personnel
Identified 4 new personnel
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Grantmaking organizationsCivic / social organizationsPublic sector nonprofitsCharities
Issues
Military and veterans
Characteristics
Funds one specific organizationState / local levelTax deductible donations
General information
Address
58 Bennion Rd Mail Stop 23 J
Annapolis, MD 21402
Metro area
Baltimore-Columbia-Towson, MD
County
Anne Arundel County, MD
Website URL
navalacademysailingfoundation.org/ 
Phone
(443) 758-4698
Facebook page
NavalAcademySailingFoundation 
Twitter profile
@nasf_les 
IRS details
EIN
23-7328323
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1973
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
W11: Public and Societal Benefit Single Organization Support
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Independent
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