2020-11-13T14:51:02-06:00 2020-06-30 560747981 DIXON HUGHES GOODMAN LLP 901 EAST CARY STREET SUITE 1000 RICHMOND VA 23219 990 2019-07-01 540505966 VMI FOUNDATION INC VMIF 5404647383 PO BOX 932 LEXINGTON VA 24450 MR DAVID L PRASNICKI CHIEF FINANCIAL OFFICER 5404647383 2020-11-13 1 JOSEPH S NADDER III P01240960 8042827636 2020-11-13 68.238.16.128 2020-11-13 10:02:33 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F5546B5B7CD38A446598DAD023256886AFA7EE0D 2019 2021-01-29 14:40:06Z MR DAVID L PRASNICKI PO BOX 932 LEXINGTON VA 24450 28563258 0 X WWW.VMIAA.ORG X 1937 VA TO SUPPORT THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL. 27 27 43 0 64425 -302871 17296472 23942047 0 0 4047508 4546777 69974 74434 21413954 28563258 15059175 17769172 0 0 1379749 1341074 0 0 1136212 2810455 2285163 19249379 21395409 2164575 7167849 416531805 421257842 6166460 8614440 410365345 412643402 X FOR THE ADVANCEMENT, PROMOTION, ENCOURAGEMENT, WELFARE AND PROGRESS OF VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED COLLEGE, AND ADVANCEMENT, WELFARE AND PROGRESS OF THE VMI ALUMNI ASSOCIATION, WHO ALSO SUPPORTS VMI IN CONJUNCTION WITH ALUMNI RELATIONS TO FURTHER SUPPORT. 0 0 18080958 17769172 FUNDS RAISED BY THE FOUNDATION ARE USED FOR PROVIDING SCHOLARSHIPS AND OTHER ACADEMIC AND ATHLETIC PROGRAM SUPPORT TO THE VIRGINIA MILITARY INSTITUTE AND ITS RELATED ALUMNI ASSOCIATIONS. 18080958 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 1 1 0 0 0 1 26 0 1 43 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 VA X VMI FOUNDATION INC 5404647383 PO BOX 932 LEXINGTON VA 24450 MR WILLIAM L TALIAFERRO JR BOARD MEMBER 2.00 X 0 0 0 MRS ELISE G WOODWORTH BOARD MEMBER 2.00 X 0 0 0 JOHN D ADAMS VICE PRESIDENT OF ADMINISTRATION 2.00 X 0 0 0 T BRYAN BARTON BOARD MEMBER 2.00 X 0 0 0 THOMAS M BOYD BOARD MEMBER 2.00 X 0 0 0 ELIZABETH D CAMP BOARD MEMBER 2.00 X 0 0 0 DARYL L DEKE BOARD MEMBER 2.00 X 0 0 0 ALEXANDER M EARLE JR BOARD MEMBER 2.00 X 0 0 0 RICHARD W FLOWERS BOARD MEMBER 2.00 X 0 0 0 DR M DAVID GIBBONS BOARD MEMBER 2.00 X 0 0 0 STEPHEN M GODDARD BOARD MEMBER 2.00 X 0 0 0 THOMAS S GREENSPON BOARD MEMBER 2.00 X 0 0 0 CDR BREE A GUITERMAN BOARD MEMBER 2.00 X 0 0 0 LT GEN RICHARD A HACK BOARD MEMBER 2.00 X 0 0 0 STEPHEN E HUPP PRESIDENT 2.00 7.00 X X 0 0 0 KERRY D KIRK BOARD MEMBER 2.00 X 0 0 0 KIMBER L LATSHA BOARD MEMBER 2.00 X 0 0 0 BROOKE H PENDLETON BOARD MEMBER 2.00 X 0 0 0 COLONEL GEORGE PIEGARI BOARD MEMBER 2.00 X 0 0 0 KURT A POLK BOARD MEMBER 2.00 X 0 0 0 W GREGORY ROBERTSON BOARD MEMBER 2.00 X 0 0 0 ERNESTO V SAMPSON JR BOARD MEMBER 2.00 X 0 0 0 STERLING T SWEENEY BOARD MEMBER 2.00 X 0 0 0 GARY J TAYLOR BOARD MEMBER 2.00 X 0 0 0 LT COLONEL CHARLES L TOOMEY BOARD MEMBER 2.00 X 0 0 0 TW WILLIAMSON JR BOARD MEMBER 2.00 X 0 0 0 THOMAS H ZARGES VICE PRESIDENT OF FUNDRAISING 2.00 5.00 X X 0 0 0 AMY S REID CORPORATE SECRETARY 40.00 X 46687 0 5362 STEPHEN M MACONI CHIEF EXECUTIVE OFFICER 2.00 44.00 X 0 260259 18596 DAVID L PRASNICKI CHIEF FINANCIAL OFFICER 2.00 44.00 X 0 183873 7088 CRISSY S ELLIOTT FINANCIAL CONTROLLER 2.00 44.00 X 0 130488 12229 MEADE B KING CHIEF OPERATING OFFICER 20.00 20.00 X 120899 0 12879 WARREN J BRYAN SPECIAL ASSISTANT TO CEO 40.00 X 156213 0 3086 323799 574620 59240 2 0 1 0 BNY MELLON NA 225 LIBERTY STREET NEW YORK NY 10286 INVESTMENT MANAGEMENT 1761762 MCGUIRE WOODS CONSULTING 901 EAST CARY ST RICHMOND VA 232194030 LEGAL SERVICES 120100 2 10205 23931842 1674660 23942047 4546777 64425 4482352 ADMINISTRATIVE FEES 900099 74434 74434 74434 28563258 0 64425 4556786 17769172 17769172 369592 73918 92398 203276 697393 139479 104609 453305 76579 15316 11487 49776 116875 23375 17531 75969 80635 16127 12095 52413 1761762 1761762 7289 729 6560 113528 113528 139500 43295 13951 82254 114765 22953 91812 5538 2769 2769 29879 29879 LOSS 102936 102936 DUES & SUBSCRIPTIONS 4657 2055 2602 MISCELLANEOUS 3930 2947 983 SPECIAL FUNCTIONS 1379 276 138 965 21395409 18080958 2178239 1136212 22031647 34155028 10673737 9458716 2443573 2459815 106672 332577 927594 780466 279943 147128 376117473 371395722 4878760 3308856 416531805 421257842 903318 350198 830253 5263142 7433989 6166460 8614440 X 68766870 66903850 341598475 345739552 410365345 412643402 416531805 421257842 X 7167849 -5350566 460774 X X 0 1 X 1 0 X 14992097 42856461 19310649 17296472 23934842 118390521 14992097 42856461 19310649 17296472 23934842 118390521 35317881 83072640 2016305 2634582 3450123 4047508 4546777 16695295 863950 930091 1262903 69974 74434 3201352 138287168 0.60070 0.61260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 205480353 6445127 -254174 10844938 -1397434 202223802 201793336 2244170 9201143 9890486 -2132190 205480353 183372515 12161776 15615013 5770719 3585249 201793336 153378117 18540355 19675738 5221280 3000415 183372515 157683769 6526129 -2419913 5510470 2901398 153378117 1.00000 0 1 1 144500 90714 53786 783094 689752 93342 147128 SECURITIES - POOLED FUND 352821622 F OTHER INVESTMENTS 18574100 F 371395722 LIABILITIES UNDER CHARITABLE GIFT ANNUITIES 4804242 DUE TO RELATED PARTIES 2629747 7433989 X PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL AND VMI ALUMNI ASSOCIATION TO EXPAND SUPPORT FROM ALUMNI FOR VMI. PART X, LINE 2: THE FOUNDATION 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 13694715 0 0 0 0 0 0 13694715 0 13694715 1 0 0 1 1 0 PART III ACCOUNTING METHOD: 1 VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 2052871 UNDESIGNATED AID VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 4588033 SCHOLARSHIPS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 1703473 JACKSON HOPE VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 1338166 PROFESSIONAL CHAIRS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 215440 ACADEMIC SUPPORT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 35702 INTERCOLLEGIATE ATHLETICS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 391700 LEADERSHIP VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 77400 FACULTY AWARDS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 1512426 INSTRUCTION VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 11000 STUDENT SERVICES VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 92551 INSURANCE PREMIUMS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 32136 CADET AWARDS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 197650 PUBLIC SUPPORT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 3500 LIBRARY VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 766592 TRUST DISTRIBUTIONS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 226831 PHYSICAL PLANT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 425083 OTHER VMI KEYDET CLUB PO BOX 932 LEXINGTON VA 24450 521300039 501(C)(3) 7911 ADMINISTRATIVE SUPPORT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 3185769 OTHER VMI ALUMNI ASSOCIATION PO BOX 932 LEXINGTON VA 24450 540515753 501(C)(3) 904938 ADMINISTRATIVE SUPPORT 3 PART I, LINE 2: VMI FOUNDATION, INC. 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 1 1 X X X 0 0 0 0 0 0 0 0 0 STEPHEN M MACONI CHIEF EXECUTIVE OFFICER 0 241407 0 12000 0 6852 0 17773 0 823 0 278855 0 0 DAVID L PRASNICKI CHIEF FINANCIAL OFFICER 0 175012 0 4500 0 4361 0 5700 0 1388 0 190961 0 0 WARREN J BRYAN SPECIAL ASSISTANT TO CEO 122350 0 3000 0 30863 0 0 0 3086 0 159299 0 0 0 PART I, LINE 1A TRAVEL EXPENSES FOR COMPANIONS ARE REIMBURSED TO THE ORGANIZATION. PART I, LINE 3 THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT REVIEWS ALL SALARIES. COMPARATIVE DATA IS SUPPLIED FOR ALL POSITIONS. X 51 1674660 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS FILING, A PUBLIC DISCLOSURE COPY OF THE FORM 990 WAS DISTRIBUTED TO AND REVIEWED BY THE BOARD MEMBERS DURING A SCHEDULED MEETING. SINCE A COMPLETE COPY OF THE FORM 990 WAS NOT PROVIDED TO THE BOARD, THE FOUNDATION 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. IF A CONFLICT BETWEEN THE ORGANIZATION AND A BOARD MEMBER ARISES, THAT BOARD MEMBER RECUSES HIMSELF FROM VOTING OR OTHERWISE INFLUENCING POLICY ON THAT MATTER. 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 ON TRUST & ANNUITY OBLIGATIONS 460,774. 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 INVESTMENT HOLDINGS LLC 304 LETCHER AVENUE LEXINGTON VA 24450 261795327 ACQUIRE, HOLD AND DISPOSE OF INVESTMENTS, TO INCLUDE AFFILIATED NFP ENTITIES VA 4245318 352821622 VMI FOUNDATION INC 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 KEYDET CLUB INC PO BOX 932 LEXINGTON VA 24450 521300039 SUPPORT INTERCOLLEGIATE ATHLETIC PROGRAMS AT VMI VA 501(C)(3) LINE 7 0 VMI ALUMNI ASSOCIATION INC PO BOX 932 LEXINGTON VA 24450 540515753 ORGANIZE ALUMNI INTO ONE ASSOCIATION VA 501(C)(3) LINE 7 0 0 1 0 1 0 0 0 0 0 1 0 1 1 1 1 0 0 1 0