Naval War College Foundation Inc.

“The audit committee reviews the 990 before it is filed and recommends approval to the board members.”

“Every member of the board and staff are required to read and sign the conflict of interest policy on an annual basis. The organization has a program committee which reviews potential grants and major gifts prior to accepting them. It is their responsibility to ensure the organization is not entering into any agreements that pose conflicts or legal issues.”

“All compensation levels and any bonuses must be approved by majority vote of the eleven member executive committee, most of whom have extensive experience in setting realistic and fair executive compensation. Initially, the organization's board chair and vice chair meet to discuss compensation for the executive director and the staff. They set a recommended pay schedule based on their knowledge of economic conditions, the fiscal strength of the organization, their knowledge of similar organizations, the demands of the job, personal research (usually on the web) and their own personal experience. Based on this, they develop recommended compensation levels to be presented to the executive committee for review and approval.”

“Financial statements, form 990 and 990-t and other governing documents can be viewed upon request.”

“Help the naval war college to: a. Develop strategic and operational leaders: provide professional military education programs that are current, rigorous, relevant, and accessible to the maximum number of qualified u.s. Officers and navy enlisted personnel, civilian employees of the u.s. Government and non-governmental organizations, and international officers. B. Help the chief of naval operations define the future navy and its roles and missions: conduct research, analysis, and gaming to support the requirements of the secretary of the navy, the chief of naval operations, the combatant commanders, the navy component commanders, the navy's numbered fleet commanders, other navy and marine corps commanders, the u.s. Intelligence community, and other departments and agencies of the u.s. Government. C. Support combat readiness: conduct training, education, leadership, and assessment activities to support the ability of the navy's joint force maritime and navy component commanders to function effectively as operational commanders. D. Strengthen maritime security cooperation: bring together senior and intermediate level naval officers from 129 other nations to develop leaders for high command in their navies; promote an open exchange of professional views; encourage friendship and cooperation; and study operational planning methods.”

“Change in value of split interest -17,296.”