VMI FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- VMI FOUNDATION (EIN 54-0505966)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-15
- IRS object ID
- 201430499349301593
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-15T15:44:14-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560747981 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4510 COX ROAD SUITE 200 | AddressLine1 |
| City | GLEN ALLEN | City |
| State | VA | State |
| ZIP Code | 230603394 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540505966 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VMI FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | VMIF | NameControl |
| Phone | 5404647383 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 932 | AddressLine1 |
| City | LEXINGTON | City |
| State | VA | State |
| ZIP Code | 24450 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MR DAVID PRASNICKI | Name |
| Title | VICE PRESIDENT | Title |
| Phone | 5404647383 | Phone |
| Date Signed | 2014-02-18 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH S NADDER III CPA | Name |
| PTIN | P01240960 | PTIN |
| Phone | 8042827636 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MR DAVID PRASNICKI | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 932 | AddressLine1 |
| City | LEXINGTON | City |
| State | VA | State |
| ZIP Code | 24450 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 21490067 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.VMIAA.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1937 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | TO SUPPORT THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 32 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 32 | NbrIndependentVotingMembers |
| Total Nbr Employees | 85 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 343569 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -89098 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 10249568 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 18794280 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -1730347 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1570633 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3208369 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1125154 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 11727590 | TotalRevenuePriorYear |
| Total Revenue Current Year | 21490067 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 13140533 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 12162821 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2433791 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2558743 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2192178 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1045609 | OtherExpensePriorYear |
| Other Expenses Current Year | 3100842 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 16619933 | TotalExpensesPriorYear |
| Total Expenses Current Year | 17822406 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -4892343 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 3667661 | RevenuesLessExpensesCY |
| Total Assets BOY | 243910048 | TotalAssetsBOY |
| Total Assets EOY | 273644882 | TotalAssetsEOY |
| Total Liabilities BOY | 4353771 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 4649183 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 239556277 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 268995699 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 12777540 | Expense |
| Grants | 12162821 | Grants |
| Description | ALL PROGRAM SERVICES ARE FOR THE SUPPORT OF VIRGINIA MILITARY INSTITUTE, TO INCLUDE VMI ALUMNI ASSOCIATION. | Description |
| Total Program Service Expense | 12777540 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 34 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 85 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 32 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 32 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VMI FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5404647383 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 932 | AddressLine1 |
| City | LEXINGTON | City |
| State | VA | State |
| ZIP Code | 24450 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (40 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| JOHN D ADAMS | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| T BRYAN BARTON | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| DR CHARLES F BRYAN JR | ||||||
| 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 | |
| ROBERT J EVANS | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| HUGH M FAIN III | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| JOHN F FICK | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| DR M DAVID GIBBONS | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| JOHN R GIBNEY JR | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| CONRAD M HALL | ||||||
| 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 | |
| ROBERT A HEELY | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| RICHARD K HINES | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| JAMES R HOBBS | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| STEPHEN E HUPP | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| WM JEFFRESS JR ESQ | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| GRAHAM O KING | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| ROBERT L MCDOWELL | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| JOHN C MILLER II | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| P WILLIAM MOORE JR | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| WILLIAM A PAULETTE | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| WALTER C PERRIN II | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| GEORGE M RAPPORT | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| MG STEPHEN H SEWELL JR | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| ASHLEY L TAYLOR JR | ||||||
| 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 | |
| THOMAS HENRY ZARGES | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| BRIAN CROCKETT | ||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | 220067 | 0 | 32090 | X | |
| W BRYAN | ||||||
| VICE PRESIDENT | 40.00 | 141829 | 0 | 29027 | X | |
| D PRASNICKI | ||||||
| VICE PRESIDENT | 40.00 | 161911 | 0 | 30110 | X | |
| C ELLIOTT | ||||||
| ASST. SEC./TREAS. | 40.00 | 107946 | 0 | 15793 | X | |
| F AREHART | ||||||
| SECRETARY | 40.00 | 62297 | 0 | 19606 | X | |
| D TAYLOR | ||||||
| VICE PRESIDENT | 40.00 | 100268 | 0 | 12285 | X | |
| T CONRAD | ||||||
| VICE PRESIDENT | 40.00 | 89547 | 0 | 7996 | X | |
| P WEBB | ||||||
| VICE PRESIDENT | 40.00 | 91195 | 0 | 19545 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 975060 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 166452 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGUIRE WOODS LLP | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 901 EAST CARY ST | AddressLine1 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 232194030 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | CONSULTING | DescriptionOfServices |
| Compensation | 120866 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| All Other Contributions | 18794280 | AllOtherContributions |
| Noncash Contributions | 3254330 | NoncashContributions |
| Total Contributions | 18794280 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1570633 | TotalRevenueColumn |
| Unrelated Business Revenue | 343569 | UnrelatedBusinessRevenue |
| Exclusion | $1,227,064 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| ADMINISTRATIVE FEES | 900099 | 970463 | $970,463 |
| TRANSFERS FROM RELATED ORGANIZATI | 900099 | 154691 | $154,691 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1125154 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 21490067 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 343569 | UnrelatedBusinessRevenue |
| Exclusion | $2,352,218 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12162821 | Total |
| Program Services | 12162821 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 869274 | Total |
| Program Services | 173855 | ProgramServices |
| Management And General | 130391 | ManagementAndGeneral |
| Fundraising | 565028 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1063851 | Total |
| Program Services | 212770 | ProgramServices |
| Management And General | 159578 | ManagementAndGeneral |
| Fundraising | 691503 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 198672 | Total |
| Program Services | 39734 | ProgramServices |
| Management And General | 29801 | ManagementAndGeneral |
| Fundraising | 129137 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 291901 | Total |
| Program Services | 58380 | ProgramServices |
| Management And General | 43785 | ManagementAndGeneral |
| Fundraising | 189736 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 135045 | Total |
| Program Services | 27009 | ProgramServices |
| Management And General | 20257 | ManagementAndGeneral |
| Fundraising | 87779 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15344 | Total |
| Program Services | 2636 | ProgramServices |
| Management And General | 6117 | ManagementAndGeneral |
| Fundraising | 6591 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42513 | Total |
| Management And General | 42513 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1719145 | Total |
| Management And General | 1719145 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 473934 | Total |
| Program Services | 64360 | ProgramServices |
| Management And General | 270575 | ManagementAndGeneral |
| Fundraising | 138999 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16506 | Total |
| Program Services | 3301 | ProgramServices |
| Management And General | 2476 | ManagementAndGeneral |
| Fundraising | 10729 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 89967 | Total |
| Management And General | 17993 | ManagementAndGeneral |
| Fundraising | 71974 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10974 | Total |
| Management And General | 5487 | ManagementAndGeneral |
| Fundraising | 5487 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15114 | Total |
| Management And General | 15114 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24800 | Total |
| Program Services | 12400 | ProgramServices |
| Management And General | 12400 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | FundraisingFundraising | Program ServicesProgramServices |
|---|---|---|---|---|
| UNRELATED BUSINESS INCO | 3219 | 3219 | ||
| TRANSFERS TO RELATED OR | 298638 | 298638 | ||
| FUNDRAISING AND CAMPAIG | 239438 | 239438 | ||
| SPECIAL FUNCTIONS | 63996 | 6400 | 44797 | 12799 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 87254 | Total |
| Program Services | 7475 | ProgramServices |
| Management And General | 68799 | ManagementAndGeneral |
| Fundraising | 10980 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17822406 | Total |
| Program Services | 12777540 | ProgramServices |
| Management And General | 2852688 | ManagementAndGeneral |
| Fundraising | 2192178 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -10139511 | BOY |
| EOY | -6475749 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11675665 | BOY |
| EOY | 14519244 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2420347 | BOY |
| EOY | 2359564 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 809035 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 750123 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 613137 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 141301 | BOY |
| EOY | 136986 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 226555080 | BOY |
| EOY | 248556705 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13257166 | BOY |
| EOY | 13739097 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 243910048 | BOY |
| EOY | 273644882 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 406926 | BOY |
| EOY | 704010 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3946845 | BOY |
| EOY | 3945173 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4353771 | BOY |
| EOY | 4649183 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44901603 | BOY |
| EOY | 50504738 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76034404 | BOY |
| EOY | 85343789 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 118620270 | BOY |
| EOY | 133147172 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 239556277 | BOY |
| EOY | 268995699 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 243910048 | BOY |
| EOY | 273644882 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 3667661 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 26260959 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | -489198 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Both | X | FinancialStatementBoth |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 18423075 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 11718702 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 12406034 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 10249568 | CurrentTaxYearMinus1Year |
| Current Tax Year | 19580796 | CurrentTaxYear |
| Total | 72378175 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 18423075 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 11718702 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 12406034 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 10249568 | CurrentTaxYearMinus1Year |
| Current Tax Year | 19580796 | CurrentTaxYear |
| Total | 72378175 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 12588315 | AmountsSubstContributorsTotal |
| Public Support Total170 | 59789860 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4358499 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3224508 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3139012 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2481112 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1570633 | CurrentTaxYear |
| Total | 14773764 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2889053 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2285225 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1918967 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3208369 | CurrentTaxYearMinus1Year |
| Current Tax Year | 40000 | CurrentTaxYear |
| Total | 10341614 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 97493553 | TotalSupport |
| Public Support Pertcentage170 | 0.61330 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.56270 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 117507412 | BeginningOfYearBalance |
| Contributions | 7163418 | Contributions |
| Investment Earnings Or Losses | 14080847 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3911698 | GrantsOrScholarships |
| Other Expenditures | 2954829 | OtherExpenditures |
| Administrative Expenses | 113387 | AdministrativeExpenses |
| End Of Year Balance | 131771763 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.78510 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.21490 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 144500 | OtherCostOrOtherBasis |
| Depreciation | 23281 | Depreciation |
| Book Value | 121219 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 605623 | OtherCostOrOtherBasis |
| Depreciation | 589856 | Depreciation |
| Book Value | 15767 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 136986 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| SECURITIES - POOLED FUND | 235476245 | F |
| OTHER INVESTMENTS | 13080460 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 248556705 | TotalOfBookValueSecurities |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| CASH SURRENDER VALUE OF LIFE INSURANCE | 3523839 |
| DUE FROM RELATED PARTY | 10215258 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 13739097 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LIABILITIES UNDER CHARITABLE GIFT ANNUITIES | Description |
| Amount | $3,945,173 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3945173 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 45244045 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 26260959 | NetUnrealizedGainsInvestments |
| Other Revenues | -489198 | OtherRevenues |
| Revenue Not Rptd F990 | 25771761 | RevenueNotRptdF990 |
| Revenue Subtotal | 19472284 | RevenueSubtotal |
| Other Revenues Not Included | 2017783 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2017783 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 21490067 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 15804623 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 15804623 | ExpensesSubtotal |
| Other Expenses Not Included | 2017783 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2017783 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 17822406 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | 2THE 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 FOUNDATION HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2013. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | ACTUARIAL GAIN ON TRUST & ANNUITY OBLIGATIONS -489,198. | |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | INVESTMENT MANAGEMENT FEES NETTED WITH INCOME ON F/S 1,719,145. TRANSFERS TO RELATED ORGANIZATIONS NETTED WITH INCOME ON F/S 298,638. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INVESTMENT MANAGEMENT FEES NETTED WITH INCOME ON F/S 1,719,145. TRANSFERS TO RELATED ORGANIZATIONS NETTED WITH INCOME ON F/S 298,638. | |
| 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. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 0 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 0 | TotalAmountSpent |
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 1 | PassiveForeignInvestCo |
| Foreign Partnership | 1 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (7 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| VMI | |||||||
| PO BOX 932 | LEXINGTON | VA | 24450 | 546001803 | 115 | 1974199 | UNDESIGNATED AID AND OPERATIONS |
| VMI | |||||||
| PO BOX 932 | LEXINGTON | VA | 24450 | 546001803 | 115 | 3781776 | SCHOLARSHIPS |
| VMI | |||||||
| PO BOX 932 | LEXINGTON | VA | 24450 | 546001803 | 115 | 1296059 | JACKSON HOPE |
| VMI | |||||||
| PO BOX 932 | LEXINGTON | VA | 24450 | 546001803 | 115 | 1283817 | PROFESSIONAL CHAIRS AND INSTRUCTION |
| VMI | |||||||
| PO BOX 932 | LEXINGTON | VA | 24450 | 546001803 | 115 | 443011 | ACADEMIC SUPPORT |
| VMI | |||||||
| PO BOX 932 | LEXINGTON | VA | 24450 | 546001803 | 115 | 1772259 | OTHER DESIGNATED EXPENSES |
| VMI ALUMNI ASSOCIATION | |||||||
| PO BOX 932 | LEXINGTON | VA | 24450 | 540515753 | 501(C)(3) | 1611700 | ADMINISTRATIVE SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 1 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: VMI FOUNDATION, INC. AWARDS ASSISTANCE ONLY TO VIRGINIA MILITARY INSTITUTE, A STATE-SUPPORTED SCHOOL. FUNDS AWARDED ARE BASED ON THE INSTITUTE'S NEED AND REQUEST FOR FUNDS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRIAN CROCKETT | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | 220067 | 0 | 0 | 0 | 0 | 0 | 25625 | 0 | 6465 | 0 | 252157 | 0 | 0 | 0 |
| W BRYAN | ||||||||||||||
| VICE PRESIDENT | 141829 | 0 | 0 | 0 | 0 | 0 | 16162 | 0 | 12865 | 0 | 170856 | 0 | 0 | 0 |
| D PRASNICKI | ||||||||||||||
| VICE PRESIDENT | 161911 | 0 | 0 | 0 | 0 | 0 | 18213 | 0 | 11897 | 0 | 192021 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | HEALTH AND SOCIAL CLUB DUES ARE REIMBURSED ONLY TO THE CEO BASED ON CONTRACTUAL OBLIGATIONS. | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 73 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 5319369 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR VALUE AT RECEIPT | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. | |
| 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. AN EXTERNAL CONSULTANT WAS USED TO DETERMINE SALARY OF THE CEO. | |
| 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 -489,198. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XI, 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. | AUDIT OVERSIGHT & SELECTION OF INDEPENDENT ACCOUNTANT |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VMI INVESTMENT HOLDINGS LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 304 LETCHER AVENUE | AddressLine1 |
| City | LEXINGTON | City |
| State | VA | State |
| ZIP Code | 24450 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 261795327 | EIN |
| Primary Activities | ACQUIRE, HOLD AND DISPOSE OF INVESTMENTS, TO INCLUDE AFFILIATED NFP ENTITIES | PrimaryActivities |
| Legal Domicile State | VA | LegalDomicileState |
| Total Income | 0 | TotalIncome |
| EOY Assets | 0 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VMI FOUNDATION INC | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|
| VMI DEVELOPMENT BOARD INC | |||||||||
| PO BOX 932 | LEXINGTON | VA | 24450 | 541429093 | PROVIDE SUPPORT FOR THE VIRGINIA MILITARY INSTITUTE | VA | 501(C)(3) | LINE 7 | 0 |
| VMI KEYDET CLUB INC | |||||||||
| PO BOX 932 | LEXINGTON | VA | 24450 | 521300039 | PROVIDE SUPPORT FOR THE VIRGINIA MILITARY INSTITUTE | VA | 501(C)(3) | LINE 7 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| VMI DEVELOPMENT BOARD INC | |
| S | 154691 |
| VMI KEYDET CLUB INC | |
| R | 298638 |
Comments