2024-11-15T16:37:25-06:00 2024-06-30 440160260 FORVIS MAZARS LLP 901 EAST CARY STREET SUITE 1000 RICHMOND VA 23219 990 2023-07-01 521300039 VMI KEYDET CLUB VMIK 5404647383 PO BOX 932 LEXINGTON VA 24450 CRISSY S ELLIOTT CHIEF FINANCIAL OFFICER 5404647383 2024-11-15 1 1 LAKRISHA J CASTLEBERRY P01677333 8042827636 2024-11-15 2023 2024-10-15 13:58:12Z CRISSY S ELLIOTT PO BOX 932 LEXINGTON VA 24450 8205074 0 X WWW.VMIALUMNI.ORG X 1973 VA THE PURPOSE OF THE VMI KEYDET CLUB IS TO SUPPORT, STRENGTHEN, AND DEVELOP THE INTERCOLLEGIATE ATHLETIC PROGRAM AT VMI. 27 27 2 0 355257 285192 9849635 5998339 0 0 2241031 2201901 8860 4834 12099526 8205074 6837067 9932048 0 0 286630 228104 0 0 260546 1099360 494389 8223057 10654541 3876469 -2449467 105473521 111868702 7393931 7629807 98079590 104238895 THE MISSION OF VMI KEYDET CLUB IS TO SUPPORT, STRENGTHEN, AND DEVELOP THE INTERCOLLEGIATE ATHLETIC PROGRAM AT VIRGINIA MILITARY INSTITUTE. 0 0 10071547 9932048 0 ATHLETIC SCHOLARSHIPS AND SUPPORT OF VIRGINIA MILITARY INSTITUTE. 10071547 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 2 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 VA X THE ORGANIZATION 5404647383 PO BOX 932 LEXINGTON VA 24450 MR DANIEL P THORNTON PRESIDENT 2.00 7.00 X 0 0 0 DR BLAND MASSIE JR IMMEDIATE PAST PRESIDENT 2.00 X 0 0 0 MR FRANCIS R BOEHLING BOARD MEMBER 2.00 X 0 0 0 MR JULIAN J BOWERS BOARD MEMBER 2.00 X 0 0 0 MR ROBERT R CHAPMAN III BOARD MEMBER 2.00 X 0 0 0 MR RALPH L COSTEN JR BOARD MEMBER 2.00 X 0 0 0 MR MATTHEW F DANIEL BOARD MEMBER 2.00 X 0 0 0 MR DUSTIN H DEVORE BOARD MEMBER 2.00 X 0 0 0 LT COL R PEEL DILLARD BOARD MEMBER 2.00 X 0 0 0 MR JOHN D DODGE II BOARD MEMBER 2.00 X 0 0 0 MR KEITH B GABRIEL BOARD MEMBER 2.00 X 0 0 0 MR STEPHEN E HUPP SR BOARD MEMBER 2.00 X 0 0 0 MR JEREMY W INGRAM BOARD MEMBER 2.00 X 0 0 0 MR CARSON C IRVINE BOARD MEMBER 2.00 X 0 0 0 MS SIMONE R JIMENEZ BOARD MEMBER 2.00 X 0 0 0 MR MICHAEL B KEMP BOARD MEMBER 2.00 X 0 0 0 MR JOSEPH W KEYES JR BOARD MEMBER 2.00 X 0 0 0 MR J COLEMAN LAWRENCE BOARD MEMBER 2.00 X 0 0 0 MR PABLO A MARTINEZ BOARD MEMBER 2.00 X 0 0 0 MR GRAHAM A NUTTYCOMBE BOARD MEMBER 2.00 X 0 0 0 MR LEZSHELL A PAULING BOARD MEMBER 2.00 X 0 0 0 MR C LEWIS REYNOLDS JR BOARD MEMBER 2.00 X 0 0 0 MR ERIK S SIEBERT BOARD MEMBER 2.00 X 0 0 0 MR KELLY M SWEPPENHISER BOARD MEMBER 2.00 X 0 0 0 MR WILLIAM H TALLEY V BOARD MEMBER 2.00 X 0 0 0 MR ANDRE W THORNTON BOARD MEMBER 2.00 5.00 X 0 0 0 MR GORDON E WILLIAMS BOARD MEMBER 2.00 X 0 0 0 DAVID L PRASNICKI CHIEF EXECUTIVE OFFICER 2.00 44.00 X 0 278012 15400 CRISSY S ELLIOTT CHIEF FINANCIAL OFFICER 2.00 44.00 X 0 178639 34045 ANDREW C DEAL CHIEF OPERATING OFFICER 40.00 X 135779 0 18400 KEVIN A RYAN FINANCIAL CONTROLLER 2.00 44.00 X 0 90417 6313 135779 547068 74158 1 0 1 0 NORTHERN TRUST 50 SOUTH LASALLE STREET CHICAGO IL 60603 INVESTMENT MANAGEMENT 263291 1 5998339 5998339 2201901 355257 1846644 ADMINISTRATIVE FEES 900099 4834 4834 4834 8205074 0 355257 1851478 9932048 9932048 161800 32360 24270 105170 5377 1075 807 3495 20259 4052 3039 13168 27693 5539 4154 18000 12975 2595 1946 8434 263391 263391 6952 372 2741 3839 12482 1248 11234 70983 63885 7098 SPECIAL FUNCTIONS 137537 27507 13754 96276 DUES & SUBSCRIPTIONS 2550 2040 510 MISCELLANEOUS 494 74 420 10654541 10071547 322448 260546 11110745 11160704 7284606 6046139 793 793 0 9292 1179 1179 0 0 86553290 94086539 524087 565235 105473521 111868702 56326 0 7337605 7629807 7393931 7629807 X -2878163 -2878163 100957753 107117058 98079590 104238895 105473521 111868702 X -2449467 8626415 -17643 X X 0 1 X 1 0 X 6864515 6120436 8275314 9849635 5998339 37108239 6864515 6120436 8275314 9849635 5998339 37108239 3433138 33675101 693442 1060962 1107683 2241031 2201901 7305019 73755 4792 166408 8860 4834 258649 44671907 0.75380 0.78300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 89106660 2836830 10210979 4396580 97757889 81701341 4009274 7675997 4279952 89106660 84032225 2244988 -1098694 3477178 81701341 67207284 693557 171813552 3798671 235915722 66866643 3006847 -349230 2316976 67207284 1.00000 0 1 1 1179 1179 0 0 SECURITIES - POOLED FUND 93721243 F OTHER INVESTMENTS 365296 F 94086539 DUE TO RELATED ENTITIES 7619474 LIABILITIES UNDER CHARITABLE GIFT ANNUITIES 10333 7629807 X PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT THE INTERCOLLEGIATE ATHLETIC PROGRAMS AT VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA. IN ADDITION, THE ORGANIZATION HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 2632877 0 0 0 0 0 0 2632877 0 2632877 1 0 0 1 1 0 1 VIRGINIA MILITARY INSTITUTE 319 LETCHER AVENUE LEXINGTON VA 24450 546001803 115 3219965 0 ATHLETIC SCHOLARSHIPS VIRGINIA MILITARY INSTITUTE 319 LETCHER AVENUE LEXINGTON VA 24450 546001803 115 15111 0 INSURANCE PREMIUMS VIRGINIA MILITARY INSTITUTE 319 LETCHER AVENUE LEXINGTON VA 24450 546001803 115 6396658 0 INTERCOLLEGIATE ATHLETICS VMI ALUMNI AGENCIES BOARD PO BOX 932 LEXINGTON VA 24450 541429093 501(C)(3) 295754 0 ADMINISTRATIVE SUPPORT 2 PART I, LINE 2: VMI KEYDET CLUB AWARDS ASSISTANCE ONLY TO VIRGINIA MILITARY INSTITUTE, A STATE-SUPPORTED SCHOOL AND RELATED AGENCIES. FUNDS AWARDED ARE BASED ON THE INSTITUTE'S NEED AND REQUEST FOR FUNDS. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DAVID L PRASNICKI CHIEF EXECUTIVE OFFICER 0 270200 0 5700 0 2112 0 14000 0 1400 0 293412 0 0 CRISSY S ELLIOTT CHIEF FINANCIAL OFFICER 0 172797 0 5100 0 742 0 30000 0 4045 0 212684 0 0 ANDREW C DEAL CHIEF OPERATING OFFICER 131050 0 4500 0 229 0 15189 0 3211 0 154179 0 0 0 PART I, LINE 1A TYPE OF BENEFIT: TRAVEL FOR COMPANIONS LISTED PERSON WHO RECEIVED THE BENEFIT: CEO & COO OF VMI KEYDET CLUB WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? TRAVEL FOR COMPANIONS IS TREATED AS TAXABLE INCOME ONLY IF THERE IS OVERSEAS TRAVEL INVOLVED. THERE WAS NOT ANY SUCH TRAVEL FOR THIS FISCAL YEAR. TYPE OF BENEFIT: HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES LISTED PERSON WHO RECEIVED THE BENEFIT: COO OF VMI KEYDET CLUB WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? YES PART I, LINE 3 THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT REVIEWS ALL SALARIES. COMPARATIVE DATA IS SUPPLIED FOR ALL POSITIONS. X 47 1006144 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: VMI KEYDET CLUB HAS ENGAGED THE GIVING BLOCK TO PROCESS ANY CRYPTOCURRENCY. FORM 990, PART VI, SECTION A, LINE 6 THE VMI ALUMNI ASSOCIATION HAS MEMBERS CONSISTING OF THOSE GRADUATED FROM VMI. THE MEMBERS OF THE VMI ALUMNI ASSOCIATION BOARD OF DIRECTORS SERVE AS MEMBERS OF THE KEYDET CLUB. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S BOARD MEMBERS NOMINATE, VOTE, AND ELECT NEW BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS MADE BY THE BOARD ARE PUT TO A VOTE AT BOARD MEETINGS, AND MUST SATISFY BOARD VOTING RULES PRIOR TO DECISION APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS FILING, A PUBLIC DISCLOSURE COPY OF THE FORM 990 WAS MADE AVAILABLE TO BOARD MEMBERS. SINCE A COMPLETE COPY OF THE FORM 990 WAS NOT PROVIDED TO THE BOARD, THE ORGANIZATION HAS ANSWERED "NO" TO FORM 990, PART VI, QUESTION 11A. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST STATEMENTS ARE COMPLETED BY ALL BOARD MEMBERS. ADDITIONALLY, A CONFLICT OF INTEREST POLICY WHICH GOVERNS ALL BOARD MEMBERS IS IN PLACE AND REVIEWED AND UPDATED ANNUALLY FOR EXISTING AND NEW BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT REVIEWS ALL SALARIES. COMPARATIVE DATA IS SUPPLIED FOR ALL POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON ORGANIZATION'S WEBSITE AND ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ACTUARIAL GAIN (LOSS) ON TRUST & ANNUITY OBLIGATIONS -17,643. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE IN PLACE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED AT A SCHEDULED MEETING EACH YEAR. VMI FOUNDATION PO BOX 932 LEXINGTON VA 24450 540505966 SUPPORT VIRGINIA MILITARY INSTITUTE, A STATE-SUPPORTED SCHOOL VA 501(C)(3) LINE 7 0 VMI ALUMNI AGENCIES BOARD INC PO BOX 932 LEXINGTON VA 24450 541429093 RECEIVE AND MANAGE ASSETS FOR THE SUPPORT OF VMI VA 501(C)(3) LINE 12B, II 0 VMI ALUMNI ASSOCIATION PO BOX 932 LEXINGTON VA 24450 540515753 ORGANIZE ALUMNI INTO ONE ASSOCIATION VA 501(C)(3) LINE 7 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0