Friends of Naval Academy Music Inc
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.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$730K
+14.2% YoY
Annual Giving
$43K
-30.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$43K
-30.5% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $730,291 | $639,493 | — |
| Revenue | $232,627 | $217,246 | $167,307 |
| Expenses | $79,088 | $85,923 | $79,666 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $108,116 | $40,745 | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN BARRY TALLEY | DIRECTOR OF INVESTMENTS | 1 | — |
| CHRIS JENSEN | DIRECTOR | 1 | — |
| APRIL MCBRIDE | DIRECTOR | 1 | — |
| CHRIS O'KEEFE | DIRECTOR | 1 | — |
| CHAD REDMER | DIRECTOR | 1 | — |
| NATE SHENCK | PAST PRESIDENT AND DIRECTOR | 1 | — |
| KATE KRANZ JORDAN | DIRECTOR | 1 | — |
| ALICE ANN CALHOUN | DIRECTOR | 1 | — |
| DAVID EDGERTON | DIRECTOR | 1 | — |
| BRIAN FONTAINE-ISAAC | DIRECTOR | 1 | — |
| PAUL WEITLISBACH | DIRECTOR | 1 | — |
| PAUL WOOD | PRESIDENT | 1 | — |
| TABITHA STROBEL | VICE PRESIDENT | 1 | — |
| CAROL KEPLER | SECRETARY | 1 | — |
| AMY SMITH | TREASURER | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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