Civic Intelligence

Naval Submarine League

EIN 52-1270467 • 501(c)3 • Alexandria, VA

Profile

The League shall:a. Actively seek opportunities to stimulate and promote awareness, by all elements of American society, of the need for a strong undersea arm of the United States Navy.b. Encourage mutual understanding and a close working relationship between American society and those segments of the United States government responsible for the acquisition and employment of submarines for the common defense and national security.c. Provide a forum on professional matters affecting the Submarine Force and its integral role in national security whereby: the views and perceptions of League members can be focused and expounded, and diverse elements of industry, academia, and government can be brought together to identify, study, and develop potential solutions to undersea warfare challenges.d. Promote greater liaison and communications among government, academic, and business communities to further understanding and appreciation of the past, present, and future contributions of the Submar

405 North Henry StreetAlexandria, VA 22314

www.navalsubleague.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

68th percentile

0.22x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

77th percentile

0.38x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

57th percentile

7.9%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

56th percentile

6.2%

Faster asset growth than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Revenue Growth

62nd percentile

14%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Assets

Up

$4,601,941

Up $314,330 (+7.3%) from 2024

Liabilities

Up

$1,004,338

Up $30,013 (+3.1%) from 2024

Net Assets

Up

$3,597,603

Up $284,317 (+8.6%) from 2024

Revenue

Up

$2,649,943

Up $422,189 (+19%) from 2024

Expenses

Up

$2,441,178

Up $334,751 (+16%) from 2024

Net Income

Up

$208,765

Up $87,438 (+72%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $715,139Liabilities 2011: $329,929Net Assets 2011: $385,2102011Assets 2012: $756,752Liabilities 2012: $372,172Net Assets 2012: $384,5802012Assets 2013: $757,451Liabilities 2013: $325,549Net Assets 2013: $431,9022013Assets 2014: $692,642Liabilities 2014: $321,155Net Assets 2014: $371,4872014Assets 2015: $847,780Liabilities 2015: $322,936Net Assets 2015: $524,8442015Assets 2016: $1,123,807Liabilities 2016: $385,526Net Assets 2016: $738,2812016Assets 2017: $1,301,562Liabilities 2017: $514,318Net Assets 2017: $787,2442017Assets 2018: $1,378,434Liabilities 2018: $590,060Net Assets 2018: $788,3742018Assets 2019: $1,830,294Liabilities 2019: $633,702Net Assets 2019: $1,196,5922019Assets 2020: $2,798,672Liabilities 2020: $1,510,299Net Assets 2020: $1,288,3732020Assets 2021: $4,114,140Liabilities 2021: $1,606,614Net Assets 2021: $2,507,5262021Assets 2022: $4,267,975Liabilities 2022: $1,306,275Net Assets 2022: $2,961,7002022Assets 2023: $4,077,473Liabilities 2023: $1,172,204Net Assets 2023: $2,905,2692023Assets 2024: $4,287,611Liabilities 2024: $974,325Net Assets 2024: $3,313,2862024Assets 2025: $4,601,941Liabilities 2025: $1,004,338Net Assets 2025: $3,597,6032025

Highlighted filing

2025

Assets$4,601,941
Liabilities$1,004,338
Net Assets$3,597,603

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $879,797Expenses 2011: $891,936Net Income 2011: -$12,1392011Revenue 2012: $880,371Expenses 2012: $875,546Net Income 2012: $4,8252012Revenue 2013: $904,824Expenses 2013: $894,883Net Income 2013: $9,9412013Revenue 2014: $741,576Expenses 2014: $788,192Net Income 2014: -$46,6162014Revenue 2015: $1,080,590Expenses 2015: $953,102Net Income 2015: $127,4882015Revenue 2016: $1,336,308Expenses 2016: $1,096,699Net Income 2016: $239,6092016Revenue 2017: $1,205,250Expenses 2017: $1,215,982Net Income 2017: -$10,7322017Revenue 2018: $1,499,299Expenses 2018: $1,344,422Net Income 2018: $154,8772018Revenue 2019: $1,711,402Expenses 2019: $1,289,983Net Income 2019: $421,4192019Revenue 2020: $1,674,060Expenses 2020: $1,432,981Net Income 2020: $241,0792020Revenue 2021: $1,810,280Expenses 2021: $911,741Net Income 2021: $898,5392021Revenue 2022: $2,053,447Expenses 2022: $1,517,132Net Income 2022: $536,3152022Revenue 2023: $2,028,901Expenses 2023: $1,881,940Net Income 2023: $146,9612023Revenue 2024: $2,227,754Expenses 2024: $2,106,427Net Income 2024: $121,3272024Revenue 2025: $2,649,943Expenses 2025: $2,441,178Net Income 2025: $208,7652025

Highlighted filing

2025

Revenue$2,649,943
Expenses$2,441,178
Net Income$208,765

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.60$1.00$3.60$2.65$2.44$0.21
2024Detailed filing. Detailed filing data is available for this year.$4.29$0.97$3.31$2.23$2.11$0.12
2023Detailed filing. Detailed filing data is available for this year.$4.08$1.17$2.91$2.03$1.88$0.15
2022Detailed filing. Detailed filing data is available for this year.$4.27$1.31$2.96$2.05$1.52$0.54
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.11$1.61$2.51$1.81$0.91$0.90
2020Detailed filing. Detailed filing data is available for this year.$2.80$1.51$1.29$1.67$1.43$0.24
2019Detailed filing. Detailed filing data is available for this year.$1.83$0.63$1.20$1.71$1.29$0.42
2018Detailed filing. Detailed filing data is available for this year.$1.38$0.59$0.79$1.50$1.34$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.51$0.79$1.21$1.22$0.01
2016Summary only. Only limited summary data is available for this year.$1.12$0.39$0.74$1.34$1.10$0.24
2015Summary only. Only limited summary data is available for this year.$0.85$0.32$0.52$1.08$0.95$0.13
2014Summary only. Only limited summary data is available for this year.$0.69$0.32$0.37$0.74$0.79$0.05
2013Summary only. Only limited summary data is available for this year.$0.76$0.33$0.43$0.90$0.89$0.01
2012Summary only. Only limited summary data is available for this year.$0.76$0.37$0.38$0.88$0.88$0.00
2011Summary only. Only limited summary data is available for this year.$0.72$0.33$0.39$0.88$0.89$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Feb 13, 2026
Return Version
2024v5.2
Gross Receipts
$2,713,909
Mission and Program Overview

Mission

The League shall:a. Actively seek opportunities to stimulate and promote awareness, by all elements of American society, of the need for a strong undersea arm of the United States Navy.b. Encourage mutual understanding and a close working relationship between American society and those segments of the United States government responsible for the acquisition and employment of submarines for the common defense and national security.c. Provide a forum on professional matters affecting the Submarine Force and its integral role in national security whereby: the views and perceptions of League members can be focused and expounded, and diverse elements of industry, academia, and government can be brought together to identify, study, and develop potential solutions to undersea warfare challenges.d. Promote greater liaison and communications among government, academic, and business communities to further understanding and appreciation of the past, present, and future contributions of the Submar

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,504,290$2,705,874▲ $201,584
Land, Buildings, and Equipment, Net$1,467,035$1,444,935▼ $22,100
Cash and Non-Interest-Bearing Accounts$289,460$372,426▲ $82,966
Accounts Receivable$23,952$75,368▲ $51,416
Prepaid Expenses and Deferred Charges$2,874$3,338▲ $464
Total Assets$4,287,611$4,601,941▲ $314,330
Liabilities
Deferred Revenue$805,956$907,944▲ $101,988
Accounts Payable and Accrued Expenses$118,628$96,394▼ $22,234
Mortgage Notes Payable Secured by Investment Property$49,741--
Total Liabilities$974,325$1,004,338▲ $30,013
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,313,286$3,597,603▲ $284,317
Total Net Assets Fund Balance$3,313,286$3,597,603▲ $284,317
Total Liabilities and Net Assets / Fund Balance$4,287,611$4,601,941▲ $314,330

Asset Categories

AssetBook ValueDepreciationBasis
Land$720,372-$720,372
Buildings$405,344$59,465$464,809
Leasehold Improvements$304,586$37,978$342,564
Equipment$14,633$27,576$42,209
Other Land Buildings-$10,821$10,821
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen FischerExecutive DirectorFT$162,494$2,487$164,981
Sarah ArmstrongDirector, Corporate Engagement EventsFT$106,602$14,470$121,072

Board Members and Trustees

NameTitle
John RichardsonChair 11/24 - 3/2025
Jon GreenertChair 4/24 - 11/24
Willy HilaridesPresident
Laura HooksVice President
Christopher RoganDirector
David JohnsonDirector
Edmund GiambastianiDirector
Erica LeinmillerDirector
Frederick RoeggeDirector
Gregg BauerDirector
Jeffrey TrusslerDirector
Jonathan VetetoDirector
Kara WilkinsonDirector
Karen ContiDirector
Karen HennebergerDirector
Mark RayhaDirector
Richard McnamaraDirector
Rick BreckenridgeDirector
Sandy HodgkinsonDirector
Scott VanbuskirkDirector
Terry BenedictDirector
Robert HogueSecretary
Mike MccalipTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$440,912
Program Service Revenue
$2,115,730
Investment Income
$88,348
Other Revenue
$4,953
All Other Contributions
$440,912
Change in Net Assets
$208,765

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,627,884
Revenue Not Reported on Financial Statements
$22,059
Revenue Not Reported on Form 990
$75,552
Total Revenue per Audited Statements
$2,703,436
Total Revenue per Form 990
$2,649,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,398,251
Salaries, Compensation, and Employee Benefits$1,042,927
Total Fundraising Expense$18,693
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$597,407$158,550$2,574$758,531
Conferences and Meetings$626,951--$626,951
Fees for Services Other$297,460$10,157$5,801$313,418
Current Officers, Directors, Trustees, and Key Employees$137,514$36,496$592$174,602
Payroll Taxes$52,830$14,021$228$67,079
Travel$65,499$127-$65,626
Information Technology$30,665$21,252$278$52,195
Fees for Services Accounting$14,033$30,393$372$44,798
Other Employee Benefits$33,642$8,928$145$42,715
Office Expenses$27,102$1,921$53$29,076
Occupancy$17,819$5,440$3,506$26,765
Depreciation Depletion$20,612$5,167$122$25,901
Fees for Service Investment Mgmnt Fees-$22,059-$22,059
Advertising$12,214--$12,214
Other Expenses$11,206$131$1,945$11,206
Insurance-$10,028-$10,028
Interest-$471-$471
Total Functional Expenses$2,097,319$325,166$18,693$2,441,178

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,441,178
Expenses per Audited Statements$2,419,119
Total Expenses per Audited Statements$2,419,119
Expenses Not Reported on Financial Statements$22,059
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Annual elections of approximately one-fourth of the members of the board of directors are held in conjunction with the leagues annual meeting. Directors are elected by a majority of all votes cast by league members. Only individual members are entitled to vote and hold elected league offices.

Form 990, Part VI, Section B, Line 11B

The board of directors will review the 990 and have the opportunity to provide feedback before filing.

Form 990, Part VI, Section B, Line 12C

Members of the board of directors receive a copy of the conflict of interest policy and annually affirm that they have read and understand the policy, agree to comply and sign a statement to that effect. The signed statement is retained until it is superceded the next year.

Form 990, Part VI, Section B, Line 15A

Includes review by the compensation and executive committees

Form 990, Part VI, Section B, Line 15B

Appointing and removing members of the administrative staff, fixing their compensation within budgetary limits and according to a compensation plan approved by the board of directors.

Form 990, Part VI, Section C, Line 19

The naval submarine league complies with the requirements to send a copy of the irs form 990, bylaws, articles of incorporation and application for recognition of exemption irs form 1023 when requested by telephone, email or us postal service mail- the leagues irs form 990 is available on the guidestar website at www.guidestar.org. The bylaws and annual report are posted on the nsl website at www.navalsubleague.org.

Filing and Contact Details

Filer

Filer Name
Naval Submarine League
EIN
52-1270467
Phone
7032560891
Address
405 NORTH HENRY STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Michael Mccalip
Title
Treasurer
Phone
7032560891
Signed
2026-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Fisher
Formed
1982
Legal Domicile
Va
Voting Board Members
23
Independent Board Members
23
Employees
13
Volunteers
23

Preparer

Firm
Alta CPA Group
Address
59 Franklin St 2nd Floor, Annapolis, MD 21401
Preparer
Jeffrey Griffith
Phone
4103495101
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 371,011, Grants and allocations 0, Revenue 186,377 OTHER SEMINARS ARE DEVELOPED TO FACILITATE THE EXCHANGE OF BUSINESS, TECHNICAL, AND PROFESSIONAL INFORMATION RELEVANT TO SUBMARINES AND UNDERSEA WARFARE, INCLUDING UNMANNED SYSTEMS. THESE ARE PRIME NETWORKING OPPORTUNITIES, ENABLING CONTRACTORS, SUBCONTRACTORS, AND GOVERNMENT PERSONNEL TO DISCUSS THE CHALLENGES OF DELIVERING THE CAPABILITIES NEEDED BY THE SUBMARINE FORCE. THESE SEMINARS USUALLY FOCUS ON TOPICS OF PARTICULAR INTEREST TO NAVY PERSONNEL.

Form 990, Part I, Line 1

Organization mission the league shall a. Actively seek opportunities to stimulate and promote awareness, by all elements of american society, of the need for a strong undersea arm of the united states navy. B encourage mutual understanding and a close working relationship between american society and those segments of the united states government responsible for the acquisition and employment of submarines for the common defense and national security. C provide a forum on professional matters affecting the submarine force and its integral role in national security whereby the views and perceptions of league members can be focused and expounded, and diverse elements of industry, academia, and government can be brought together to identify, study, and develop potential solutions to undersea warfare challenges. D promote greater liaison and communications among government, academic, and business communities to further understanding and appreciation of the past, present, and future contributions of the submarine force to national security. E publically recognize professional excellence in the submarine force and pursue opportunities to promote submarine force esprit de corps, and ffoster and preserve the heritage of the submarine force in order to help american society understand and appreciate past contributions of the submarine force and its future promise in the preservation of our national security.

Form 990, Part III, Line 1

Organization mission the league shall a. Actively seek opportunities to stimulate and promote awareness, by all elements of american society, of the need for a strong undersea arm of the united states navy. B encourage mutual understanding and a close working relationship between american society and those segments of the united states government responsible for the acquisition and employment of submarines for the common defense and national security. C provide a forum on professional matters affecting the submarine force and its integral role in national security whereby the views and perceptions of league members can be focused and expounded, and diverse elements of industry, academia, and government can be brought together to identify, study, and develop potential solutions to undersea warfare challenges. D promote greater liaison and communications among government, academic, and business communities to further understanding and appreciation of the past, present, and future contributions of the submarine force to national security. E publically recognize professional excellence in the submarine force and pursue opportunities to promote submarine force esprit de corps, and ffoster and preserve the heritage of the submarine force in order to help american society understand and appreciate past contributions of the submarine force and its future promise in the preservation of our national security.

Form 990, Part IX, Line 11G

Professional fees program service expenses - 296,789, management and general expenses - 13,903, fundraising expenses - 2,726, total - 313,418

Financial Statement Notes

X 2

The league is a nonprofit organization exempt from income taxes under section 501c 3 of the internal revenue code on all income other than unrelated business income. The league has been classified as an organization that is not a private foundation.

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IRS990/Desc0OTHER PROGRAMS INVOLVE BOTH STAFF AND INDIVIDUAL MEMBERS ACROSS THE COUNTRY. CHAPTERS NATIONWIDE RECEIVE ANNUAL STIPENDS EVERY NSL MEMBER IS AFFILIATED WITH A CHAPTER AND RECEIVES NEWS OF LOCAL CHAPTER MEETINGS AND OPPORTUNITIES TO PARTICIPATE IN PROMOTING THE MISSION OF THE NSL. ACTIVE-DUTY SUPPORT INCLUDES AWARDS, COMMISSIONING COMMITTEES, A MENTOR PROGRAM AND SUPPORT TO THE NROTC, SUB CLUBS, AND THE US NAVAL ACADEMY. COMMUNICATING WITH THE PUBLIC ABOUT THE IMPORTANCE OF SUBMARINES TO THE NATIONAL DEFENSE IS ACCOMPLISHED THROUGH INDUSTRY BRIEFS, SPEAKERS BUREAU, THE SUBMARINE REVIEW QUARTERLY MAGAZINE AND ONLINE ARCHIVE, AND THE NSL WEBSITE. THE HERITAGE OF THE SUBMARINE FORCE IS PRESERVED VIA DISTINGUISHED CIVILIAN AND SUBMARINER ANNUAL AWARDS, RECORDED INTERVIEWS, SUPPORT FOR SUBMARINE REUNIONS, AND THE DEVELOPMENT OF A LIBRARY AND RESOURCE CENTER.
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