Civic Intelligence

Naval Submarine League

990 • Fiscal year 2022 • EIN 52-1270467

Apr 01, 2021 to Mar 31, 2022 • Filed on Feb 13, 2023

405 North Henry StreetAlexandria, VA 22314

(703) 256-0891

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.31x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.64x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

76th percentile

26%

Higher net margin than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

90th percentile

$198,134

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

56th percentile

3.7%

Faster asset growth than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

60th percentile

13%

Faster revenue growth than 60% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,267,975

Up $153,835 (+3.7%) from 2021

Net Assets

Up

$2,961,700

Up $454,174 (+18%) from 2021

Liabilities

Down

$1,306,275

Down $300,339 (-19%) from 2021

Revenue

Up

$2,053,447

Up $243,167 (+13%) from 2021

Expenses

Up

$1,517,132

Up $605,391 (+66%) from 2021

Net Income

Down

$536,315

Down $362,224 (-40%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2022

Assets$4,267,975
Liabilities$1,306,275
Net Assets$2,961,700

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$2,053,447
Expenses$1,517,132
Net Income$536,315
Jump To
Filing Snapshot
Filing Period
Apr 1, 2021 to Mar 31, 2022
Signed
Feb 13, 2023
Return Version
2021v4.1
Gross Receipts
$2,345,564
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,014,705$2,211,695▲ $196,990
Land, Buildings, and Equipment, Net$1,530,237$1,508,761▼ $21,476
Cash and Non-Interest-Bearing Accounts$321,059$318,973▼ $2,086
Accounts Receivable$240,659$222,406▼ $18,253
Prepaid Expenses and Deferred Charges$7,480$6,140▼ $1,340
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,114,140$4,267,975▲ $153,835
Other Assets Total-$0-
Liabilities
Deferred Revenue$770,675$790,365▲ $19,690
Mortgage Notes Payable Secured by Investment Property$788,285$451,568▼ $336,717
Accounts Payable and Accrued Expenses$47,653$64,342▲ $16,689
Other Liabilities$1--
Total Liabilities$1,606,614$1,306,275▼ $300,339
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,507,526$2,961,700▲ $454,174
Total Net Assets Fund Balance$2,507,526$2,961,700▲ $454,174
Total Liabilities and Net Assets / Fund Balance$4,114,140$4,267,975▲ $153,835

Asset Categories

AssetBook ValueDepreciationBasis
Land$720,372-$720,372
Buildings$440,948$23,861$464,809
Leasehold Improvements$330,639$11,925$342,564
Equipment$16,115$15,405$31,520
Other Land Buildings$687$10,134$10,821
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tim OliverExecutive DirectorFT$177,196$20,938$198,134

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$396,059
Program Service Revenue
$1,524,772
Investment Income
$122,942
Other Revenue
$9,674
All Other Contributions
$396,059
Change in Net Assets
$536,315

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,034,564
Revenue Not Reported on Financial Statements
$18,883
Revenue Not Reported on Form 990
$-63,258
Total Revenue per Audited Statements
$1,971,306
Total Revenue per Form 990
$2,053,447
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,027,152
Salaries, Compensation, and Employee Benefits$489,980
Total Fundraising Expense$8,683
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$384,610--$384,610
Fees for Services Other$328,717$50,616$1,282$380,615
Other Salaries and Wages$179,119$72,184$1,196$252,499
Current Officers, Directors, Trustees, and Key Employees$165,159$39,116$1,921$206,196
Travel$45,779$51-$45,830
Payroll Taxes$23,478$7,615$192$31,285
All Other Expenses$23,316$3,727$82$27,125
Occupancy$18,494$7,625$149$26,268
Depreciation Depletion$18,632$6,804$150$25,586
Interest-$23,430-$23,430
Advertising$18,482$514$11$19,007
Other Expenses$11,518$110$636$12,264
Insurance-$7,243-$7,243
Office Expenses$2,258$806$18$3,082
Total Functional Expenses$1,288,417$220,032$8,683$1,517,132

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,517,132
Total Expenses per Audited Statements$1,517,132
Total Expenses per Form 990$1,517,132
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Wife of Exec DirCoordination&Consulting SNo$42,596

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
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, Line 11B: Form 990 Review Process

The board of directors will review and discuss the 990 before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

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, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Includes review by the finance and audit committees

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

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

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

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 league's irs form 990 is available on the guidestar website at www.guidestar.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 J McCalip
Title
Treasurer
Signed
2023-02-13
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Va
Voting Board Members
24
Independent Board Members
24
Employees
12
Volunteers
7

Preparer

Firm
Dunham Aukamp & Rhodes Plc
Address
4437 Brookfield Corporate Dr Suite, CHANTILLY, VA 20151
Preparer
Mark J Rhodes CPA
Phone
7036318940
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: The Submarine Technology Symposium (STS) is a classified (SECRET/NOFORN) three-day conference, usually held at the Kossiakoff Center on the campus of Johns Hopkins University. The purpose of the STS is to facilitate the exchange of business, technical, and professional information relevant to submarines and undersea warfare, including unmanned systems. This is a premier opportunity for Navy leadership, Industry and Academia to engage in productive technical exchanges. Industry, government, and academia are invited to submit abstracts for presentation. The on-site format includes selected displays of new technology developments. Speakers generally allow time for Q&A and there are breaks between sessions to foster discussion and networking. OTHER PROGRAM SERVICES 5: Chapter SupportTen chapters across the U.S. receive annual stipends. These funds are used to support awards for and activities with active duty submariners. Chapters also hold regular meetings with speakers who provide submarine-related presentations. 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. OTHER PROGRAM SERVICES 6: Program Development and Other ProgramsOther programs involve both staff and individual members across the country. Active Duty support includes awards, commissioning committees, a mentor program, 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 online archive, and the NSL website. The heritage of the Submarine Force is preserved via Distinguished Civilian and Submariner annual awards, recorded interviews, submarine reunions, and the development of a library and resource center.

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

The audit committee is appointed by the board of directors and reviews the audit each year.

Financial Statement Notes

Part X : FIN48 Footnote

Uncertain Tax Positions - As of March 31, 2022, the League had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The tax years subject to examination by the taxing authorities are the years ended March 31, 2019 through 2021.

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IRS990/Form990PartVIISectionAGrp/PersonNm1LISA BLODGETT
IRS990/Form990PartVIISectionAGrp/PersonNm2JENNIFER BOYKIN
IRS990/Form990PartVIISectionAGrp/PersonNm3KAREN CONTI
IRS990/Form990PartVIISectionAGrp/PersonNm4KIRK DONALD
IRS990/Form990PartVIISectionAGrp/PersonNm5JONATHAN GREENERT
IRS990/Form990PartVIISectionAGrp/PersonNm6SCOTT VAN BUSKIRK
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN M BIRD
IRS990/Form990PartVIISectionAGrp/PersonNm8RICHARD P BRECKENRIDGE
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL J MCCALIP
IRS990/Form990PartVIISectionAGrp/PersonNm10MICHAEL HEWITT
IRS990/Form990PartVIISectionAGrp/PersonNm11RICHARD MCNAMARA
IRS990/Form990PartVIISectionAGrp/PersonNm12GREGG BAUER
IRS990/Form990PartVIISectionAGrp/PersonNm13VICTOR GAVIN
IRS990/Form990PartVIISectionAGrp/PersonNm14ED GIAMBASTIANI JR
IRS990/Form990PartVIISectionAGrp/PersonNm15WILLIAM HILARIDES
IRS990/Form990PartVIISectionAGrp/PersonNm16JACK S FLOWERS
IRS990/Form990PartVIISectionAGrp/PersonNm17ROBERT F HOGUE
IRS990/Form990PartVIISectionAGrp/PersonNm18KEVIN GRANEY
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IRS990/Form990PartVIISectionAGrp/PersonNm22PAUL E SULLIVAN
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IRS990/Form990PartVIISectionAGrp/PersonNm24DAVID JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm25LARRY GALVIN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Past Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25OFFICER
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IRS990/MissionDesc0The 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
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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