Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1985.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
25 people listed on the 990; $269K paid to officers and key staff.
Stephen Fischer’s $162K as Executive Director is at the 55th percentile of top reported officer pay among 731 $1–10M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Timothy Oliver | — | $233,885 | — | — | — | — |
| Tim Oliver | — | — | $213,231 | $198,134 | $170,171 | $183,846 |
| Stephen Fischer | $162,494 | — | — | — | — | — |
| Sarah Armstrong | $106,602 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Naval Submarine League executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Promotes a strong U.S. Navy submarine force by fostering collaboration and information exchange among government, military, industry, and academic leaders.
Questions for Naval Submarine League
Your first name shows with your question. Naval Submarine League answers here, for everyone.
Other 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.
The purpose of the NSL annual symposium industry update is to facilitate the exchange of business, technical, and professional information relevant to submarines and undersea warfare, including unmanned systems. The two-day event is traditionally accepted by dod as a widely attended gathering, enabling active-duty attendance.
The submarine technology symposium STS is a classified SECRET/NOFORN three-day conference held on the campus of johns hopkins university applied physics laboratory. The purpose of the STS is to facilitate the exchange of business, technical, and professional information relevant to submarines and undersea warfare, including unmanned…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $289K | $372K |
| InvestmentsLn 11–13 | $2.5M | $2.7M |
| Land, buildings, equipmentLn 10c | $1.5M | $1.4M |
| Total assetsLn 16 | $4.3M | $4.6M |
| LiabilitiesLn 26 | $974K | $1.0M |
| Net assetsLn 32 | $3.3M | $3.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $175K | $138K | $36K | $592 |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $759K | $597K | $159K | $3K |
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $43K | $34K | $9K | $145 |
| Payroll taxesLn 10 | $67K | $53K | $14K | $228 |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $0 | |||
| Accounting feesLn 11c | $45K | $14K | $30K | $372 |
| Lobbying feesLn 11d | $0 | |||
| Investment management feesLn 11f | $22K | $22K | ||
| Other fees for servicesLn 11g | $313K | $297K | $10K | $6K |
| Advertising and promotionLn 12 | $12K | $12K | ||
| Office expensesLn 13 | $29K | $27K | $2K | $53 |
| Information technologyLn 14 | $52K | $31K | $21K | $278 |
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $27K | $18K | $5K | $4K |
| TravelLn 17 | $66K | $65K | $127 | |
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $627K | $627K | ||
| InterestLn 20 | $471 | $471 | ||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $26K | $21K | $5K | $122 |
| InsuranceLn 23 | $10K | $10K | ||
| Other expenses (24a–d)Ln 24 | $169K | $164K | $156 | $5K |
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $2.4M | $2.1M | $325K | $19K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Feb 13, 2026 | $2.6M | $2.4M | $209K | $3.6M | 990 PDF |
| FY2024Filed with the IRS Feb 14, 2025 | $2.2M | $2.1M | $121K | $3.3M | 990 PDF |
| FY2023Filed with the IRS Feb 7, 2024 | $2.0M | $1.9M | $147K | $2.9M | 990 PDF |
| FY2022Filed with the IRS Feb 13, 2023 | $2.1M | $1.5M | $536K | $3.0M | 990 PDF |
| FY2021Filed with the IRS Feb 14, 2022 | $1.8M | $912K | $899K | $2.5M | 990 PDF |
| FY2020Filed with the IRS Feb 12, 2021 | $1.7M | $1.4M | $241K | $1.3M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $2,649,943 revenue, 12 lines filed
Part VI · Governance 23 of 23 board members independent, no flags
Part VIII · Statement of revenue $2,649,943 across 7 lines filed
Part IX · Statement of functional expenses $2,441,178 across 30 lines filed
Part X · Balance sheet $4,601,941 assets, 12 lines filed
Part XI · Reconciliation of net assets $3,597,603 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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