2015-11-16T07:43:35-06:00 2015-06-30 560747981 DIXON HUGHES GOODMAN LLP 901 EAST CARY STREET SUITE 1000 RICHMOND VA 23219 990 2014-07-01 540505966 VMI FOUNDATION INC VMIF 5404647383 PO BOX 932 LEXINGTON VA 24450 MR DAVID PRASNICKI TREASURER 5404647383 2015-11-13 1 JOSEPH S NADDER III CPA P01240960 8042827636 2014 2016-04-25 22:37:26Z MR DAVID PRASNICKI PO BOX 932 LEXINGTON VA 24450 25310898 0 X WWW.VMIAA.ORG X 1937 VA TO SUPPORT THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL. 30 30 78 0 -404006 -404006 14207294 22549319 0 0 767135 1860884 913185 900695 15887614 25310898 14309537 14495937 0 0 2641885 2922890 0 0 2703925 3109802 3193916 20061224 20612743 -4173610 4698155 308677731 318475713 4994761 6083656 303682970 312392057 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 15171290 14495937 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. 15171290 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 37 0 1 78 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 1 1 1 1 1 1 1 1 0 VA X VMI FOUNDATION INC 5404647383 PO BOX 932 LEXINGTON VA 24450 JOHN D ADAMS BOARD MEMBER 2.00 X 0 0 0 T BRYAN BARTON VICE PRESIDENT OF DEVELOPMENT 2.00 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 KIM Y CHU 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 X 0 0 0 JOHN F FICK III BOARD MEMBER 2.00 X 0 0 0 DR M DAVID GIBBONS 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 COL S R HANMER JR BOARD MEMBER 2.00 X 0 0 0 DR J BATTLE HASLAM II 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 JOHN C MILLER II BOARD MEMBER 2.00 X 0 0 0 WILLIAM A PAULETTE BOARD MEMBER 2.00 X 0 0 0 BROOKE H PENDLETON BOARD MEMBER 2.00 X 0 0 0 EDGAR JT PERROW JR BOARD MEMBER 2.00 X 0 0 0 KURT A POLK BOARD MEMBER 2.00 X 0 0 0 GEORGE M RAPPORT BOARD MEMBER 2.00 X 0 0 0 GARY J TAYLOR BOARD MEMBER 2.00 X 0 0 0 ROBERT C TROXLER 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 HENRY ZARGES BOARD MEMBER 2.00 X 0 0 0 BRIAN CROCKETT CHIEF EXECUTIVE OFFICER 40.00 X 280921 0 34137 WARREN BRYAN VICE PRESIDENT 40.00 X 146837 0 29780 DAVID PRASNICKI TREASURER 40.00 X 159470 0 30977 CRISSY ELLIOTT ASST. SECRETARY/TREASURER 40.00 X 118330 0 23592 AMY REID CORPORATE SECRETARY 40.00 X 37485 0 10168 FRANCES AREHART CORPORATE SECRETARY THROUGH 6/30/14 40.00 X 47929 0 11730 THERESA CONRAD VICE PRESIDENT 40.00 X 102394 0 9117 JACQUELINE BERKSHIRE VP OF OPERATIONS & CHIEF OF STAFF 40.00 X 72992 0 24343 DOUGLAS TAYLOR VICE PRESIDENT THROUGH 6/30/14 40.00 X 58823 0 10416 JOHN J WRANEK III DIRECTOR OF ANNUAL GIVING 40.00 X 77719 0 27465 1102900 0 211725 5 0 1 0 GRAHAM PELTON CONSULTING INC 39 BEECHWOOD ROAD SUMMIT NJ 07901 CONSULTING 123542 MCGUIRE WOODS LLP 901 EAST CARY ST RICHMOND VA 232194030 CONSULTING 120733 2 136680 22412639 22549319 1860884 -404006 2264890 ADMINISTRATIVE FEES 900099 900695 900695 900695 25310898 0 -404006 3165585 14495937 14495937 1231480 246296 184722 800462 1224349 244870 183652 795827 107608 21522 16141 69945 205066 41013 30760 133293 154387 30877 23158 100352 13543 2104 6178 5261 26594 26594 1927551 1927551 5799 580 5219 528908 64270 180954 283684 14399 5824 5595 2980 103767 20753 83014 11202 5601 5601 15743 15743 32610 16305 16305 FUNDRAISING AND CAMPAIG 387997 387997 MISCELLANEOUS 79637 79637 DUES & SUBSCRIPTIONS 34808 12468 22340 SPECIAL FUNCTIONS 11358 2272 1136 7950 20612743 15171290 2737528 2703925 -6671606 10119287 14807180 18546584 2310012 2372972 691974 574913 750123 643199 122667 106924 282603595 282243550 14813909 4511483 308677731 318475713 366160 363248 4628601 5720408 4994761 6083656 X 57523854 57410277 136199534 134574945 109959582 120406835 303682970 312392057 308677731 318475713 X 4698155 3768291 242641 X X 0 1 X 1 0 X 12406034 10249568 18794280 14207294 22549319 78206495 12406034 10249568 18794280 14207294 22549319 78206495 7519662 70686833 3139012 2481112 1570633 767135 1860884 9818776 1918967 3208369 40000 913185 900695 6981216 95006487 0.74400 0.72790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150295519 10464742 5120989 5285189 2912292 157683769 131771763 6494530 20888988 5130138 3729624 150295519 117507412 7163418 14080847 3911698 2954829 113387 131771763 0.76420 0.23580 0 1 1 144500 42547 101953 605623 600652 4971 106924 SECURITIES - POOLED FUND 265867076 F OTHER INVESTMENTS 16376474 F 282243550 LIABILITIES UNDER CHARITABLE GIFT ANNUITIES 5720408 5720408 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, 2015. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2012 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 14531443 0 0 0 0 0 0 14531443 0 14531443 1 0 0 1 1 0 1 VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 1845111 UNDESIGNATED AID VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 4332690 SCHOLARSHIPS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 2728667 JACKSON HOPE VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 562060 PROFESSIONAL CHAIRS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 609657 ACADEMIC SUPPORT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 1121 INTERCOLLEGIATE ATHLETICS VMI ALUMNI ASSOCIATION PO BOX 932 LEXINGTON VA 24450 540515753 501(C)(3) 1698600 ADMINISTRATIVE SUPPORT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 91360 FACULTY AWARDS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 684781 INSTRUCTION VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 13370 STUDENT SERVICES VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 102594 INSURANCE PREMIUMS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 38311 CADET AWARDS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 95304 PUBLIC SUPPORT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 71920 LIBRARY VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 85481 TRUST DISTRIBUTIONS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 231497 PHYSICAL PLANT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 1303413 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 X 1 1 X X X 0 0 0 0 0 0 0 0 0 BRIAN CROCKETT CHIEF EXECUTIVE OFFICER 238421 0 42500 0 0 0 27600 0 6537 0 315058 0 0 0 WARREN BRYAN VICE PRESIDENT 141337 0 5500 0 0 0 16620 0 13160 0 176617 0 0 0 DAVID PRASNICKI TREASURER 154370 0 5100 0 0 0 18772 0 12205 0 190447 0 0 0 PART I, LINE 1A TRAVEL EXPENSES FOR COMPANANIONS ARE REIMBURSED TO THE ORGANIZATION. ALL EXPENSES OUT OF DISCRETIONARY SPENDING ACCOUNTS ARE DOCUMENTED AND REVIEWED BY FINANCIAL OFFICERS OF 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 119 901927 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO ITS FILING, A COPY OF THE FORM 990 WAS DISTRIBUTED TO AND REVIEWED BY THE BOARD MEMBERS DURING A SCHEDULED MEETING. 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 242,641. 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 1658261 265867076 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 11A, 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