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.
Revenue and expenses over time
FRIENDS OF NAVAL ACADEMY MUSIC INC reported revenue and expenses across 2 filing years.
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 $57,144.
These are arts, culture & humanities sector-wide figures, not this organization's reported pay. Based on 328 organizations across 328 filings (2021 – 2024).
See full Arts, Culture & Humanities pay data for Maryland →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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