2023-11-15T13:29:16-06:00 2023-06-30 440160260 FORVIS LLP 901 EAST CARY STREET SUITE 1000 RICHMOND VA 23219 990 2022-07-01 521300039 VMI KEYDET CLUB VMIK 5404647383 PO BOX 932 LEXINGTON VA 24450 CRISSY S ELLIOTT CHIEF FINANCIAL OFFICER 5404647383 2023-11-15 1 CRISSY ELLIOTT 999009999 0 LAKRISHA J CASTLEBERRY P01677333 8042827636 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CRISSY S ELLIOTT PO BOX 932 LEXINGTON VA 24450 12099526 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. 29 29 3 0 270378 16107 8275314 9849635 0 0 1107683 2241031 166408 8860 9549405 12099526 5877503 6837067 0 0 301251 286630 0 0 316524 1473427 1099360 7652181 8223057 1897224 3876469 95483413 105473521 7001841 7393931 88481572 98079590 THE MISSION OF VMI KEYDET CLUB IS TO SUPPORT, STRENGTHEN, AND DEVELOP THE INTERCOLLEGIATE ATHLETIC PROGRAM AT VIRGINIA MILITARY INSTITUTE. 0 0 6981091 6837067 0 ATHLETIC SCHOLARSHIPS AND SUPPORT OF VIRGINIA MILITARY INSTITUTE. 6981091 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 3 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 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 GERALD J ACUFF JR IMMEDIATE PAST PRESIDENT 2.00 X 0 0 0 JULIAN J BOWERS BOARD MEMBER 2.00 X 0 0 0 ROBERT R CHAPMAN III BOARD MEMBER 2.00 X 0 0 0 RALPH L COSTEN JR BOARD MEMBER 2.00 X 0 0 0 STEVEN C CRADDOCK BOARD MEMBER 2.00 X 0 0 0 MATTHEW F DANIEL BOARD MEMBER 2.00 X 0 0 0 DUSTIN H DEVORE BOARD MEMBER 2.00 X 0 0 0 LT COLONEL R PEEL DILLARD BOARD MEMBER 2.00 X 0 0 0 JOHN D DODGE II BOARD MEMBER 2.00 X 0 0 0 KEITH B GABRIEL BOARD MEMBER 2.00 X 0 0 0 STEPHEN E HUPP SR BOARD MEMBER 2.00 X 0 0 0 JEREMY W INGRAM BOARD MEMBER 2.00 X 0 0 0 CARSON C IRVINE BOARD MEMBER 2.00 X 0 0 0 MICHAEL B KEMP BOARD MEMBER 2.00 X 0 0 0 JOSEPH W KEYES JR BOARD MEMBER 2.00 X 0 0 0 J COLEMAN LAWRENCE BOARD MEMBER 2.00 X 0 0 0 PABLO A MARTINEZ BOARD MEMBER 2.00 X 0 0 0 DR BLAND MASSIE JR BOARD MEMBER 2.00 7.00 X 0 0 0 ANTHONY U MOORE BOARD MEMBER 2.00 9.00 X 0 0 0 LEZSHELL A PAULING BOARD MEMBER 2.00 X 0 0 0 ERICA J PUTNEY BOARD MEMBER 2.00 X 0 0 0 C LEWIS REYNOLDS JR BOARD MEMBER 2.00 X 0 0 0 ERIK S SIEBERT BOARD MEMBER 2.00 X 0 0 0 KELLY M SWEPPENHISER BOARD MEMBER 2.00 X 0 0 0 ANDRE W THORNTON BOARD MEMBER 2.00 X 0 0 0 DANIEL P THORNTON BOARD MEMBER 2.00 7.00 X 0 0 0 DAVID L WALLENBORN BOARD MEMBER 2.00 X 0 0 0 GORDON E WILLIAMS BOARD MEMBER 2.00 X 0 0 0 THOMAS H ZARGES BOARD MEMBER 2.00 7.00 X 0 0 0 DAVID L PRASNICKI CHIEF EXECUTIVE OFFICER 2.00 44.00 X 0 287005 13440 CRISSY S ELLIOTT CHIEF FINANCIAL OFFICER 2.00 44.00 X 0 188184 29573 ANDREW C DEAL CHIEF OPERATING OFFICER 40.00 X 120642 0 15775 120642 475189 58788 1 0 1 0 NORTHERN TRUST 800 CONNECTICUT AVE NW SUITE 200 WASHINGTON DC 20006 INVESTMENT MANAGEMENT 780276 1 102196 9747439 192515 9849635 2241031 270378 1970653 ADMINISTRATIVE FEES 900099 8860 8860 8860 12099526 0 270378 1979513 6837067 6837067 142141 28428 21321 92392 70653 14131 10598 45924 24015 4803 3602 15610 33820 6764 5073 21983 16001 3200 2400 10401 855149 855149 10793 1173 4508 5112 12047 1205 10842 57342 51608 5734 SPECIAL FUNCTIONS 158517 31703 15852 110962 MISCELLANEOUS 3377 506 2871 DUES & SUBSCRIPTIONS 2135 1708 427 8223057 6981091 925442 316524 6383494 11110745 6119565 7284606 793 9278 0 1179 1179 0 0 82443115 86553290 527961 524087 95483413 105473521 6076 56326 6995765 7337605 7001841 7393931 X -4273506 -2878163 92755078 100957753 88481572 98079590 95483413 105473521 X 3876469 5746574 -25025 X X 0 1 X 1 0 X 4190167 6864515 6120436 8275314 9849635 35300067 4190167 6864515 6120436 8275314 9849635 35300067 2960437 32339630 633436 693442 1060962 1107683 2241031 5736554 9789 73755 4792 166408 8860 263604 41300225 0.78300 0.80130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 81701341 4009274 7675997 4279952 89106660 84032225 2244988 -1098694 3477178 81701341 67207284 693557 171813552 3798671 235915722 66866643 3006847 -349230 2316976 67207284 59058621 7110659 4971024 4273661 66866643 1.00000 0 1 1 1179 1179 0 0 SECURITIES - POOLED FUND 86222864 F OTHER INVESTMENTS 330426 F 86553290 DUE TO RELATED ENTITIES 7327719 LIABILITIES UNDER CHARITABLE GIFT ANNUITIES 9886 7337605 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 2889920 0 0 0 0 0 0 2889920 0 2889920 1 0 0 1 1 0 PART III ACCOUNTING METHOD: 1 VIRGINIA MILITARY INSTITUTE 319 LETCHER AVENUE LEXINGTON VA 24450 546001803 115 2094098 0 ATHLETIC SCHOLARSHIPS VIRGINIA MILITARY INSTITUTE 319 LETCHER AVENUE LEXINGTON VA 24450 546001803 115 8082 0 INSURANCE PREMIUMS VIRGINIA MILITARY INSTITUTE 319 LETCHER AVENUE LEXINGTON VA 24450 546001803 115 4387439 0 INTERCOLLEGIATE ATHLETICS VMI FOUNDATION PO BOX 932 LEXINGTON VA 24450 540505966 501(C)(3) 342004 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 258562 0 26500 0 1943 0 12000 0 1440 0 300445 0 0 CRISSY S ELLIOTT CHIEF FINANCIAL OFFICER 0 169499 0 18000 0 685 0 25248 0 4325 0 217757 0 0 PART I, LINE 1A TYPE OF BENEFIT: TRAVEL FOR COMPANIONS LISTED PERSON WHO RECEIVED THE BENEFIT: CEO AND VICE PRESIDENTS 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: SENIOR VICE PRESIDENT 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 23 192515 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 -25,025. 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 1 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0