US Naval Academy Class of 2002, Inc. is a tax-exempt, charitable organization under 501(c)(3) of the Internal Revenue Code.
"The Corporation is organized exclusively for charitable and educational purposes that support the interest of the U.S. Naval Academy, the U.S. Naval Academy Alumni Association and Corporation, the U.S. Naval Academy Athletic Association, and organizations that qualify under Section 501(c)(3) which support veterans affairs and those philanthropic missions deemed beneficial, as defined by the elected board of the Corporation."
Class Officers & Board Members
President: Josh Welle
Vice President: Patrick McConnell
Secretary: Kate Kranz
Treasurer: Cari Murtagh
At-Large Directors: John Augusto, Charlie Mello, Chad Summe
Our bylaws lay out the mission of the Class and govern the actions of our members & the board of directors. The most recent version of these bylaws were approved by the board on May 1, 2013.
From the book and related income, the Class was able to donate over $14,000 – the vast majority of what we earned – to our partner organizations. Prior to our incorporation and as our ten year reunion gift, individual members of the Class donated $171,926 to USNA's International Programs Office.
We operate entirely on volunteer labor and seek free/inexpensive solutions for necessary services, which allows our administrative costs to be extremely low. Specifically, our expected expenses & set-asides for the last year are limited to:
Website (usna2002.org): $96
Set-aside for memorial uses: $500
In June 2014 shadowofgreatness.com was folded into this site to further reduce overhead.
As of August 15, 2017 the Class has roughly $6,100 in assets and no liabilities. Our most recent donation, in November of 2016, was a gift of $2002 to Paradox Sports, an organization that provides inspiration, opportunities and specialized adaptive equipment so that anyone is able to be an active participant in human-powered sports.