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Navy SEAL Foundation

CharityWatch report issued
November 2023

C+
CharityWatch Grade
This rating has been downgraded from A+ due to the charity having 4.3 years worth of available assets in reserve.
 
92%
Program Percentage
Amount spent on programs
relative to overhead.
 
$3
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Large Asset Reserves

CharityWatch reduces the grade of any charity that has available assets equal to three to five years of operating expenses. Charities with "years of available assets" of more than five years receive an "F" grade regardless of other measurements. In CharityWatch's view, a reserve of less than three years is reasonable and does not affect a charity's grade. These reductions in grades are based solely on the charities' asset reserves as compared to budget. The CharityWatch definition of "years of available assets" includes funds currently available for the charity's use, including investments that the charity has set aside as a reserve but could choose to spend if it wanted to do so. Navy SEAL Foundation's letter grade rating has been downgraded because it has 3 or more years of available assets.

See Our Process to learn more about how CharityWatch considers a charity’s asset reserves and the High Asset List for a list of charities whose ratings have been reduced due to high assets.

Contact Information

Navy SEAL Foundation
1619 D Street
Building 5326
Virginia Beach, VA 23459

Other Names

SEAL-Naval Special Warfare Foundation

Tax Status

501(c)3

Stated Mission

To provide immediate and ongoing support and assistance to the Naval Special Warfare (NSW) community and its families.

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Data based on Fiscal Year Ended 12/31/2022

Program Percentage: 92%

The percentage of Navy SEAL Foundation's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$27,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $3

How many dollars Navy SEAL Foundation spends on fundraising to raise each $100 of contributions.

$30,000,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Navy SEAL Foundation Consolidated Audited Financial Statements 31-1728910
Navy SEAL Foundation IRS Form 990 31-1728910
Entity: Navy SEAL Foundation
Document Type: Consolidated Audited Financial Statements
Tax ID: 31-1728910
Entity: Navy SEAL Foundation
Document Type: IRS Form 990
Tax ID: 31-1728910

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Navy SEAL Foundation
meets governance benchmarks.
 
Navy SEAL Foundation
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy No Sharing  

  Name Title Compensation
1 Robin King CEO $311,455
2 Carolyn Petschler Director of Development $232,854
3 Scott Burke CFO $218,684
1
Name: Robin King
Title: CEO
Compensation: $311,455
2
Name: Carolyn Petschler
Title: Director of Development
Compensation: $232,854
3
Name: Scott Burke
Title: CFO
Compensation: $218,684

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the Navy SEAL Foundation 2022 tax filing, the Foundation reports receiving donated services and use of facilities on which it placed a value of $26,662 (IRS Form 990, Schedule D, Part XI).

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]


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