2017-11-15T07:42:04-06:00 2017-06-30 560747981 DIXON HUGHES GOODMAN LLP 901 EAST CARY STREET SUITE 1000 RICHMOND VA 23219 990 2016-07-01 540505966 VMI FOUNDATION INC VMIF 5404647383 PO BOX 932 LEXINGTON VA 24450 MR DAVID PRASNICKI TREASURER 5404647383 2017-11-12 1 JOSEPH S NADDER III P01240960 8042827636 204.15.98.225 2017-11-12 23:35:47 ES P 303EF2475A1EB3281267E578719A17A3ACA1DFA4 02C8C3F183F5FDB5309CFB0B1C4488420EC65632 2016 2021-01-29 14:40:06Z MR DAVID PRASNICKI PO BOX 932 LEXINGTON VA 24450 46421134 0 X WWW.VMIAA.ORG X 1937 VA TO SUPPORT THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL. 30 30 99 0 451234 -99109 14992097 42856461 0 0 2016305 2634582 863950 930091 17872352 46421134 14061879 12878551 0 0 2981662 3067285 0 0 2905693 2997380 3780801 20040921 19726637 -2168569 26694497 310449373 369547108 6399854 5915659 304049519 363631449 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 13584135 12878551 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. 13584135 1 1 0 0 0 0 0 0 0 1 1 1 0 1 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 99 1 1 1 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 VA OK X VMI FOUNDATION INC 5404647383 PO BOX 932 LEXINGTON VA 24450 JOHN D ADAMS BOARD MEMBER 2.00 2.00 X 0 0 0 T BRYAN BARTON VICE PRESIDENT OF DEVELOPMENT 2.00 X 0 0 0 U BIRZENIEKS BOARD MEMBER 2.00 7.00 X 0 0 0 THOMAS M BOYD BOARD MEMBER 2.00 X 0 0 0 DR CHARLES F BRYAN JR BOARD MEMBER 2.00 X 0 0 0 ELIZABETH D CAMP BOARD MEMBER 2.00 X 0 0 0 MG RICHARD E COLLIER BOARD MEMBER 2.00 X 0 0 0 LUTHER C DANIELS JR BOARD MEMBER 2.00 X 0 0 0 ALEXANDER M EARLE JR BOARD MEMBER 2.00 X 0 0 0 HUGH M FAIN III PRESIDENT 2.00 5.00 X 0 0 0 JOHN F FICK III BOARD MEMBER 2.00 X 0 0 0 RICHARD W FLOWERS BOARD MEMBER 2.00 X 0 0 0 CDR PAUL E GALANTI USN 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 LT GEN RICHARD A HACK BOARD MEMBER 2.00 X 0 0 0 STEPHEN E HUPP VICE PRESIDENT OF ADMINISTRATION 2.00 X 0 0 0 KERRY D KIRK BOARD MEMBER 2.00 X 0 0 0 ROBERT P LOUTHAN BOARD MEMBER 2.00 7.00 X 0 0 0 BROOKE H PENDLETON BOARD MEMBER 2.00 X 0 0 0 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 GARY J TAYLOR BOARD MEMBER 2.00 X 0 0 0 WILLIAM E WELSH BOARD MEMBER 2.00 X 0 0 0 TW WILLIAMSON JR BOARD MEMBER 2.00 X 0 0 0 ELISE G WOODWORTH BOARD MEMBER 2.00 X 0 0 0 THOMAS H ZARGES BOARD MEMBER 2.00 X 0 0 0 BRIAN CROCKETT CHIEF EXECUTIVE OFFICER 40.00 X 300241 0 1560 WARREN BRYAN VICE PRESIDENT 40.00 5.00 X 151191 0 3105 DAVID PRASNICKI TREASURER 40.00 6.00 X 178345 0 10899 CRISSY ELLIOTT ASST. SECRETARY/TREASURER 40.00 X 128402 0 7961 AMY REID CORPORATE SECRETARY 40.00 X 46298 0 4352 THERESA CONRAD VICE PRESIDENT 40.00 X 117038 0 390 JACQUELINE BERKSHIRE VP OF OPERATIONS & CHIEF OF STAFF 40.00 X 93702 0 5737 JOHN J WRANEK III DIRECTOR OF ANNUAL GIVING 40.00 X 93603 0 6084 1108820 0 40088 5 0 1 0 BNY MELLON NA 225 LIBERTY STREET NEW YORK NY 10286 INVESTMENT MANAGEMENT 2148655 MCGUIRE WOODS LLP 901 EAST CARY ST RICHMOND VA 232194030 CONSULTING 120200 2 42856461 15831091 42856461 2634582 451234 2183348 ADMINISTRATIVE FEES 900099 930091 930091 930091 46421134 0 451234 3113439 12878551 12878551 1310857 262171 327714 720972 1292055 258411 193808 839836 105279 21056 15792 68431 199299 39860 29895 129544 159795 31959 23969 103867 1873 1873 20594 4119 6178 10297 34900 34900 2148655 2148655 98628 9863 88765 663961 65666 245378 352917 13658 5197 4925 3536 98337 19667 78670 37992 18996 18996 40815 40815 32368 16184 16184 FUNDRAISING & CAMPAIGN 467538 467538 MISCELLANEOUS 86601 86601 DUES & SUBSCRIPTIONS 30078 11116 18962 SPECIAL FUNCTIONS 4803 961 480 3362 19726637 13584135 3236809 2905693 10147633 18237871 19031755 26895450 2346459 2497655 457853 223732 919761 689389 108365 230372 272878847 299923742 5478461 21538286 310449373 369547108 1256360 778777 5143494 5136882 6399854 5915659 X 52199930 57835129 124870008 159430229 126979581 146366091 304049519 363631449 310449373 369547108 X 26694497 33418512 -531079 X X 0 1 X 1 0 X 18794280 14207294 22549319 14992097 42856461 113399451 18794280 14207294 22549319 14992097 42856461 113399451 35221512 78177939 1570633 767135 1860884 2016305 2634582 8849539 40000 913185 900695 863950 930091 3647921 125896911 0.62100 0.73060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 153378117 18540355 19675738 5221280 3000415 183372515 157683769 6526129 -2419913 5510470 2901398 153378117 150295519 10464742 5120989 5285189 2912292 157683769 131771763 6494530 20888988 5130138 3729624 150295519 117507412 7163418 14080847 3911698 2954829 113387 131771763 0.78990 0.21010 0 1 1 144500 61813 82687 775261 627576 147685 230372 SECURITIES - POOLED FUND 284461749 F OTHER INVESTMENTS 15461993 F 299923742 CASH SURRENDER VALUE OF LIFE INSURANCE 3995486 DUE FROM RELATED PARTY 17542800 21538286 LIABILITIES UNDER CHARITABLE GIFT ANNUITIES 5136882 5136882 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. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2017. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2014 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 18125825 0 0 0 0 0 0 18125825 0 18125825 1 0 0 1 1 0 1 VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 1578262 UNDESIGNATED AID VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 4274915 SCHOLARSHIPS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 950358 JACKSON HOPE VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 485050 PROFESSIONAL CHAIRS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 260342 ACADEMIC SUPPORT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 639 INTERCOLLEGIATE ATHLETICS VMI ALUMNI ASSOCIATION PO BOX 932 LEXINGTON VA 24450 540515753 501(C)(3) 1704800 ADMINISTRATIVE SUPPORT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 96600 FACULTY AWARDS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 1569179 INSTRUCTION VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 6150 STUDENT SERVICES VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 90188 INSURANCE PREMIUMS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 25464 CADET AWARDS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 157595 PUBLIC SUPPORT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 44970 LIBRARY VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 76261 TRUST DISTRIBUTIONS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 235576 PHYSICAL PLANT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 1322202 OTHER 2 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 X 1 1 X X X 0 0 0 0 0 0 0 0 0 BRIAN CROCKETT CHIEF EXECUTIVE OFFICER 244000 0 54000 0 2241 0 0 0 1560 0 301801 0 0 0 WARREN BRYAN VICE PRESIDENT 138504 0 7161 0 5526 0 0 0 3105 0 154296 0 0 0 DAVID PRASNICKI TREASURER 166982 0 6165 0 5198 0 7200 0 3699 0 189244 0 0 0 PART I, LINE 1A TRAVEL EXPENSES FOR COMPANANIONS ARE REIMBURSED TO THE ORGANIZATION. HEALTH AND SOCIAL CLUB DUES ARE REIMBURSED ONLY TO THE CEO BASED ON CONTRACTUAL OBLIGATIONS. PART I, LINE 3 THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT REVIEWS ALL SALARIES. COMPARATIVE DATA IS SUPPLIED FOR ALL POSITIONS. X 66 15831091 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 AVAIABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ACTUARIAL GAIN ON TRUST & ANNUITY OBLIGATIONS -531,079. 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 2412290 284461749 VMI FOUNDATION INC VMI DEVELOPMENT BOARD INC PO BOX 932 LEXINGTON VA 24450 541429093 RECEIVE AND MANAGE ASSETS FOR THE SUPPORT OF VMI VA 501(C)(3) LINE 12A, I 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 1 1 0 0 0 0 0 1 0 1 1 1 1 0 0 1 0