501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 10 volunteers.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $44K a year · 48% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
23 mo
of spending, in cash
Plus $470K in investments, Pt X · Ln 11–13
Looks good: 23.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $12K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$108K
+15% vs prior year
Spent
$63K
To programs
85%
Net assets
$592K
By yearFY2020–FY2025
Revenue
$108K
FY2025▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$56K
FY2021$136K
FY2022$118K
FY2023$74K
FY2024$94K
FY2025$108K
Expenses
$63K
FY2025▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$9K
FY2024$72K
FY2025$63K
Net assets
$592K
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$243K
FY2021$355K
FY2022$460K
FY2023$525K
FY2024$547K
FY2025$592K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $54K Management & general 15% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Custodes Libertatis Memorial Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards scholarships to children of fallen Naval Academy graduates.

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Provided by the organization

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1 program · $54K · in their own filed words · FY2025
01

The Foundation provides scholarships to beneficiaries or the institutions they attended in 2025. The scholarships assisted with collegiate tuition, books, lab fees, and other expenses associated with the beneficiaries' education.

$54Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$12K
Grants paid · 2 grants · $115K · 2024–2025

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$108K
Ln 12
Gifts and grantsLn 1h$85K
Investment incomeLn 3$23K
Money outPt IX
$63K
Ln 25
Programscol B$54K
Managementcol C$9K
Owns and owesPt X
$592K
net assets · Ln 32
Cash and savingsLn 1–2$122K
Total assetsLn 16$592K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$85K
Investment incomeLn 3$23K
Gains on assetsLn 7$11K
Total revenueLn 12$108K
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$89K
Cash and savings togetherLn 1–2$122K
InvestmentsLn 11–13$470K
Total assetsLn 16$592K
LiabilitiesLn 26$0
Net assetsLn 32$592K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$195K$122K
InvestmentsLn 11–13$352K$470K
Total assetsLn 16$547K$592K
LiabilitiesLn 26$0$0
Net assetsLn 32$547K$592K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$54K$54K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$5K$5K
Office expensesLn 13$205$205
InsuranceLn 23$2K$2K
Total functional expensesLn 25$63K$54K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $108K$63K$45K$592K 990 PDF
FY2024 $94K$72K$22K$547K 990 PDF
FY2023 $74K$9K$65K$525K 990 PDF
FY2022 $118K$460K 990 PDF
FY2021 $136K$355K 990 PDF
FY2020 $56K$243K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $108,425 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $80,225$85,325
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $13,822$23,100
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $94,047$108,425
I-13 Grants and similar amounts paidPrior year $64,174$53,730
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,136$9,432
I-18 Total expensesPrior year $72,310$63,162
I-19 Revenue less expensesPrior year $21,737$45,263
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $108,425 across 5 lines filed
VIII-1f All other contributions, gifts and grants$85,325
VIII-1h Total contributions, gifts and grants$85,325
VIII-3 Investment incomeExcluded from tax $12,400$12,400
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,700$10,700
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $23,100$108,425
Part IX · Statement of functional expenses $63,162 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $53,730$53,730
IX-11c Accounting feesManagement $2,300$2,300
IX-11f Investment management feesManagement $5,398$5,398
IX-13 Office expensesManagement $205$205
IX-23 InsuranceManagement $1,529$1,529
IX-25 Total functional expensesPrograms $53,730 · Management $9,432 · Fundraising $0$63,162
Part X · Balance sheet $592,147 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $26,774$33,635
X-2 Savings and temporary cash investmentsStart of year $168,085$88,842
X-11 Publicly traded securitiesStart of year $352,149$469,670
X-16 Total assetsStart of year $547,008$592,147
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $547,008$592,147
X-32 Total net assets or fund balancesStart of year $547,008$592,147
X-33 Total liabilities and net assetsStart of year $547,008$592,147
Part XI · Reconciliation of net assets $592,147 net assets at year end
XI-1 Total revenue$108,425
XI-2 Total expenses$63,162
XI-3 Revenue less expenses$45,263
XI-4 Net assets at start of year$547,008
XI-9 Other changes in net assets−$124
XI-10 Net assets at end of year$592,147

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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