2012-08-29T10:39:55-05:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 9515 DEERECO RD - SUITE 500 TIMONIUM MD 210932184 990 2011-01-01 520643040 UNITED STATES NAVAL INSTITUTE UNIT 4102686110 291 WOOD ROAD ANNAPOLIS MD 214025034 ROBERT G JOHNSON 4102686110 2012-08-16 1 MELISSA DYER CPA P01222987 4104530900 2011 2016-02-24 21:20:13Z ROBERT G JOHNSON 291 WOOD ROAD ANNAPOLIS MD 214025034 9693893 0 X WWW.USNI.ORG X 1942 MD TO ADVANCE PROFESSIONAL LITERARY, AND SCIENTIFIC KNOWLEDGE IN THE NAVAL AND MARITIME SERVICES, AND THE ADVANCEMENT OF THE KNOWLEDGE OF SEA POWER. 10 9 70 14 1192832 0 934048 1128985 3842863 3712645 1279 272 3432494 3371800 8210684 8213702 0 0 0 0 3886625 3837431 0 0 0 4721488 5255154 8608113 9092585 -397429 -878883 6977325 6087856 12374243 13566731 -5396918 -7478875 X TO ADVANCE PROFESSIONAL, LITERARY, AND SCIENTIFIC KNOWLEDGE IN THE NAVAL AND MARITIME SERVICES, AND THE ADVANCEMENT OF THE KNOWLEDGE OF SEA POWER. 0 0 4203551 4589472 PUBLISHING COSTS - INCLUDES COSTS OF PRODUCING PROCEEDINGS AND NAVAL HISTORY: TWO MAGAZINES WHICH FEATURE DIVERSE ARTICLES FROM NAVAL PROFESSIONALS AND CIVILIAN EXPERTS AND FEATURE HISTORICAL ESSAYS AND CURRENT TOPICS. ALSO INCLUDED IN PUBLISHING COSTS IS THE COST OF PRODUCING NAVAL REVIEW, AN EXPANDED EDITION OF PROCEEDINGS INCLUDING AN ANNUAL REFERENCE GUIDE TO THE NAVAL SERVICES. ADDITIONALLY, THE INSTITUTE ALSO PUBLISHES SEVERAL HUNDRED BOOKS. THE TITLES RANGE FROM HOW-TO BOOKS ON BOATING AND NAVIGATION TO BATTLE HISTORIES, BIOGRAPHIES, SHIP AND AVIATION GUIDES, PAPERBACK WORKS OF FICTION AND NON-FICTION, AND PROFESSIONAL MANUALS. ADDITIONALLY E-BOOK VERSIONS OF SELECTED BOOKS HAVE NOW BEEN MADE AVAILABLE. 411391 564041 CONFERENCE EXPENSES - THE INSTITUTE PROVIDES FOR VARIOUS SEMINARS AND MEETINGS THROUGHOUT ITS FISCAL YEAR, ON CURRENT AND HISTORICAL TOPICS. THESE MEETINGS OFFER A CONCENTRATED OPPORTUNITY FOR THE EXCHANGE OF IDEAS AND DISCUSSIONS OF KEY NAVAL ISSUES AMONG NAVAL PROFESSIONALS AND OTHERS. 308708 ROYALTIES - REPRESENT AGREED UPON PAYMENTS MADE BY THE INSTITUTE TO VARIOUS AUTHORS FOR THEIR RESPECTIVE BOOKS. THE AMOUNT OF THE ROYALTY IS BASED UPON THE ACTUAL SALES OF THE RESPECTIVE BOOKS AND ANY SALES OF SUBSIDIARY RIGHTS. 93834 SPECIAL PROJECTS - REPRESENT VARIOUS PROJECTS UNDERTAKEN TO FURTHER SCIENTIFIC, PROFESSIONAL, AND LITERARY KNOWLEDGE OF SEA POWER AND THE MARITIME SERVICES. 224402 OTHER PROGRAMS 318236 5241886 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 431 0 70 1 1 1 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROBERT JOHNSON 4102686110 291 WOOD ROAD ANNAPOLIS MD 214025034 X STEPHEN M WATERS 3.00 X X 0 0 0 DONALD P BRENNAN 4.00 X 0 0 0 ALFRED M CADY III 1.00 X 0 0 0 MARK W JOHNSON 1.00 X 0 0 0 PHILLIP LONDON 2.00 X 0 0 0 EDWARD S MILLER 1.00 X 0 0 0 T TRUXTUN MORRISON 1.00 X 0 0 0 NORMAN W RAY 1.00 X 0 0 0 THOMAS L WILKERSON 40.00 X X 211226 0 7672 PETER H DALY 40.00 X X 116177 0 520 CAPT DOUG M FEARS 1.00 X 0 0 0 NANCY E BROWN 4.00 X X 0 0 0 ROBERT C MCCORMACK 1.00 X 0 0 0 JOHN G MORGAN 1.00 X 0 0 0 O JAY TOMSON 1.00 X 0 0 0 JOAN A DEMPSEY 1.00 X 0 0 0 ROBERT G JOHNSON 40.00 X 167080 0 14997 WILLIAM MILLER 40.00 X 157837 0 13820 RICK WOODCOCK 40.00 X 125158 0 14420 RICHARD RUSSELL 40.00 X 121017 0 16970 GEORGE KEATING 40.00 X 101568 0 3273 MICHAEL MANZONE 40.00 X 100603 0 10017 W SCOTT GURECK 40.00 X 136399 0 5741 1237065 0 87430 9 0 1 0 BLANK ROME LLP 600 NEW HAMPSHIRE AVENUE NW WASHINGTON DC 20037 LEGAL SERVICES/REVISION OF BY-LAWS 502041 EVOLUTION LLC 802 CROMWELL PARK DRIVE GLEN BURNIE MD 21061 IT CONSULTING AND SYSTEM IMPLEMENTATION 255090 UNLEASHED TECHNOLOGIES LLC 9198 RED BRANCH ROAD COLUMBIA MD 21045 WEB SITE DESIGN AND MAINTENANCE 202609 MARKETING GENERAL INC 209 MADISON ST SUITE 300 ALEXANDRIA VA 22314 MEMBER MAILINGS 167604 4 1128985 1128985 MEMBERSHIP DUES 561000 1870048 1870048 PUBLICATIONS 541800 1268360 75528 1192832 CONFERENCE FEES 561000 564041 15875 548166 OTHER PROGRAM SERVICE 900099 10196 10196 3712645 272 272 189934 189934 4662057 1480191 3181866 3181866 8213702 5153513 1192832 738372 689329 171657 517672 2512867 1825607 687260 68345 44038 24307 566890 326678 240212 507876 507876 30000 30000 556395 556395 624709 582911 41798 1745207 1319088 426119 119724 119724 308708 308708 325217 291463 33754 134089 43594 90495 173175 173175 462051 462051 70269 70269 BILLING EXPENSE 61902 61902 BAD DEBT EXPENSE 52500 52500 AWARDS 21908 20565 1343 A/R SETTLEMENT EXPENSE 20000 20000 41424 41424 9092585 5241886 3850699 0 300 300 502474 224938 1110954 912981 2202388 2208411 278998 274994 5416715 2950483 2882211 2466232 6977325 6087856 1799650 1389931 3893985 3660659 6680608 8516141 12374243 13566731 X -5396918 -7478875 -5396918 -7478875 6977325 6087856 X -878883 -1203074 X X 0 1 1 X 0 X 875256 842944 730454 934048 1128985 4511687 7651704 7591108 8051313 7646287 7181870 38122282 8526960 8434052 8781767 8580335 8310855 42633969 0 0 0 42633969 254688 332213 129294 130673 190206 1037074 254688 332213 129294 130673 190206 1037074 102431 3859 106290 8884079 8770124 8911061 8711008 8501061 43777333 0.97390 0.97080 0.02370 0.02620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1227430 100 -20970 1206560 1084536 5905 136989 1227430 1059047 3000 22489 1084536 1053047 6000 1059047 0.88520 0.11480 0 1 1 3053539 1305592 1747947 1879772 1247344 632428 483404 397547 85857 2466232 PENSION LIABILITY 2979735 DUE TO THE NAVAL INSTITUTE FOUNDATION 5536406 8516141 8213702 9092585 -878883 -1203074 -1203074 -2081957 9624013 1480191 1480191 8143822 69880 69880 8213702 11129948 2037363 2037363 9092585 0 9092585 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INSTITUTE'S FOUNDATION ALLOCATES THE INVESTMENT INCOME GENERATED BY THE ENDOWMENT EACH YEAR BASED ON THE PURPOSE OF THE ENDOWMENT AS PROVIDED BY THE DONOR. IF THE DONOR DOES NOT SPECIFY A PURPOSE FOR THE INCOME GENERATED FROM THEIR PERMANENTLY RESTRICTED ENDOWMENT, THE INCOME IS USED FOR GENERAL SUPPORT AND IS DISTRIBUTED ANNUALLY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INSTITUTE AND FOUNDATION ADOPTED THE GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS DETERMINED THAT THE INSTITUTE HAS NO MATERIAL UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION UNDER THE GUIDANCE. THE FEDERAL AND STATE INCOME TAX RETURNS OF THE INSTITUTE FOR 2010, 2009 AND 2008 ARE SUBJECT TO EXAMINATION BY THE IRS AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 8 - OTHER ADJUSTMENTS: MINIMUM PENSION LIABILITY ADJUSTMENT -1,203,074. PART XII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 1,480,191. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE OF SUPPORTING ORGANIZATION 69,880. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD 1,480,191. EXPENSES OF SUPPORTING ORGANIZATION 557,172. X X X X 0 0 0 0 0 0 0 0 0 THOMAS L WILKERSON 147284 0 43750 0 20192 0 4321 0 3351 0 218898 0 0 0 ROBERT G JOHNSON 139647 0 27433 0 0 0 4321 0 10676 0 182077 0 0 0 WILLIAM MILLER 131837 0 26000 0 0 0 0 0 13820 0 171657 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS VOTE FOR THE BOARD OF DIRECTORS. THE INSTITUTE SHALL HAVE MEMBERS, LIFE MEMBERS, GOLDEN LIFE MEMBERS AND HONORARY MEMBERS AND OTHER SUCH MEMBERSHIPS THAT THE BOARD OF DIRECTORS MAY APPROVE FROM TIME TO TIME. MEMBERSHIP, LIFE MEMBERSHIP AND GOLDEN LIFE MEMBERSHIP SHALL BE OPEN TO ALL U.S. AND FOREIGN CITIZENS WHO ARE INTERESTED IN THE MISSION OF THE INSTITUTE. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS VOTE FOR THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION A, LINE 7B IN ADDITION TO ELECTING THE BOARD OF DIRECTORS ON AN ANNUAL BASIS, MEMBERS MUST APPROVE AN AMENDMENT TO THE CONSTITUTION OR BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS COMPLETED ON AN ANNUAL BASIS WITH COPIES BEING PROVIDED TO THE ENTIRE GOVERNING BOARD AS WELL AS THE CEO OF THE ORGANIZATION. AT THAT TIME THE CEO WILL REVIEW THE FORM 990 WITH THE CHIEF FINANCIAL OFFICER AND SOLICIT ANY CHANGES FROM THE GOVERNING BOARD. ONCE ALL THE NECESSARY CHANGES ARE MADE AND THE CEO AND THE GOVERNING BOARD ARE IN AGREEMENT ON THE FINISHED FORM 990, IT WILL BE SIGNED BY THE CFO, DATED AND SUBMITTED BY THE FILING DEADLINE. A FINAL COPY OF THE APPROVED FORM 990 WILL BE PROVIDED TO ALL OFFICERS AND DIRECTORS BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES MUST ANNUALLY SIGN A STATEMENT THAT THEY HAVE READ AND UNDERSTAND ALL USNI POLICIES. PENALTY FOR NON COMPLIANCE OF ALL POLICIES IS NOTED AND INCLUDES UP TO TERMINATION FOR ANY VIOLATION. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY OF THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS. THE SALARY OF THE CFO/COO IS DETERMINED BY THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE REVIEWS A SALARY SURVEY PERFORMED BY AN OUTSIDE VENDOR AND/OR THE HR DEPARTMENT AS PART OF DETERMINING COMPENSATION FOR THESE INDIVIDUALS. THE BOARD OF DIRECTORS AND COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENT THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS FOR THE CEO AND CFO/COO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST AND MAKES THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B: THOMAS WILKERSON DEVOTED APPROXIMATELY 20 HOURS A WEEK OF HIS TIME TO THE NAVAL INSTITUTE FOUNDATION, INC. A RELATED ORGANIZATION. ROBERT JOHNSON AND PETER DALY EACH DEVOTED APPROXIMATELY 10 HOURS A WEEK OF THEIR TIME TO THE NAVAL INSTITUTE FOUNDATION, INC. A RELATED ORGANIZATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: MINIMUM PENSION LIABILITY ADJUSTMENT -1,203,074. TOTAL TO FORM 990, PART XI, LINE 5: -1,203,074. FORM 990, PART XII, LINE 2C: RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE PROCESS FOR SELECTION OF THE AUDITORS HAS NOT CHANGED FROM THE PRIOR YEAR. THE NAVAL INSTITUTE FOUNDATION INC 291 WOOD ROAD ANNAPOLIS MD 21402 521814344 RAISE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES MD 501(C)(3) LINE 11A, I N/A 0 0 0 1 0 1 0 0 0 0 0 0 1 1 1 0 1 0 0