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NEXCOM Supports MWR with $48.4 Million

Navy News Service

Story Number: NNS110617-20
6/17/2011

By Kristine M. Sturkie, Navy Exchange Service Command Public Affairs

VIRGINIA BEACH, Va. (NNS) -- The Navy Exchange Service Command (NEXCOM) released its Fiscal Year 2010 audited financial report June 17, reflecting a $48.4 million contribution to Navy Morale, Welfare and Recreation (MWR).

This contribution is in keeping with NEXCOM's mission to provide customers with quality goods and services at a savings while providing quality of life support to Navy MWR.

"NEX gives 70 percent of its profits to Navy MWR each year for quality of life programs," said Capt. Glenn C. Robillard, commander, NEXCOM. "Thanks to our loyal customers who faithfully shopped their NEX last year, we were able to provide a significant contribution to support Navy MWR."

Navy MWR uses the dividends from the NEX in a variety of ways. Installations receive part of the funds for specific installation level MWR efforts. The remaining funds are used for MWR capital projects to improve facilities. Recent capital projects included improvements at golf courses, marinas, and recreational lodging and vehicle parks.

"Since NEXCOM has reached this level of NEX profits, installation and regional MWR funds will receive a greater local NEX dividend, thereby enhancing local recreational programming opportunities for Sailors and their families," said Larry Warnken, Commander, Navy Installations Command, head of Fleet Readiness Programs. "Additionally, the MWR central fund also receives a greater central dividend, allowing the MWR/NEX Board of Directors to approve more non-appropriated fund MWR projects, greatly improving MWR recapitalization. By purchasing products and services from the Navy Exchange, Sailors and family members not only take advantage of discounted shopping, but also directly contribute to exchange profits that generate an annual NEX dividend for MWR programs across the Navy."

NEXCOM operates on the retail fiscal year calendar, which in 2010, was Jan. 31, 2010, through Jan. 29, 2011.