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Filing year 2024

FRIENDS OF NAVAL ACADEMY MUSIC INC

Crofton, Maryland·EIN 46-1084699·NTEE A68 · Arts, Culture & Humanities·501(c)(3)
Total revenue
$233k
Total assets
$730k
Total expenses
$79k
Reported officers
15
Mission

FRIENDS OF NAVAL ACADEMY MUSIC, INC (FONAM) IS A 501 (C) 3 NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE PRIVATE FINANCIAL SUPPORT FOR NAVAL ACADEMY MUSICAL ACTIVITIES. OUR INITIAL GOAL IS TO RAISE $10 MILLION IN OPERATING FUNDS WHICH WOULD GUARANTEE THE SUSTAINABILITY OF THE MUSIC PROGRAM AT USNA FOR YEARS TO COME. FONAM FUNDS ARE 100% ALLOCATED TOWARDS MUSICAL ACTIVITIES, WITH NO RESTRICTIONS IN TIMES OF DEFENSE BUDGETARY CUTS OR SEQUESTRATION, MAKING THEM MORE VITAL NOW THAN EVER. FUNDS RAISED ARE ALLOCATED AMONG BUILDING STRATEGIC AND EMERGENCY RESERVES AND IMMEDIATE PROGRAM FUNDING.

Reported officers (all unpaid)

No paid executives reported in 2024. FRIENDS OF NAVAL ACADEMY MUSIC INC reported 15 unpaid officers and board members on its 990.

Director of Investments
Director
Director
Director
Director
Past President and Director
Director
Director
Director
Director
Director
President
Vice President
Secretary
Treasurer

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

UD LAKEFIELD FAMILY FOUNDATION2023
$2k
UD LAKEFIELD FAMILY FOUNDATION2024
$2k
Financial trend

Revenue and expenses over time

FRIENDS OF NAVAL ACADEMY MUSIC INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$217k
$86k
2023
$233k
$79k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Arts, Culture & Humanities executives earn in Maryland

FRIENDS OF NAVAL ACADEMY MUSIC INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable arts, culture & humanities organization in Maryland earns a median of $57,303.

25th percentile
$21k
Median
$57,303
75th percentile
$108k
90th percentile
$172k

These are arts, culture & humanities sector-wide figures, not this organization's reported pay. Based on 329 organizations across 329 filings (2021 – 2024).

See full Arts, Culture & Humanities pay data for Maryland →
FAQ

Common questions about FRIENDS OF NAVAL ACADEMY MUSIC INC

What are FRIENDS OF NAVAL ACADEMY MUSIC INC's revenue and expenses?

In 2024, FRIENDS OF NAVAL ACADEMY MUSIC INC reported $233k in total revenue and $79k in total expenses on its IRS Form 990.

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