2014-02-15T15:44:14-06:00 2013-06-30 560747981 DIXON HUGHES GOODMAN LLP 4510 COX ROAD SUITE 200 GLEN ALLEN VA 230603394 990 2012-07-01 540505966 VMI FOUNDATION INC VMIF 5404647383 PO BOX 932 LEXINGTON VA 24450 MR DAVID PRASNICKI 5404647383 2014-02-18 1 JOSEPH S NADDER III CPA P01240960 8042827636 2012 2015-11-30 17:44:51Z MR DAVID PRASNICKI PO BOX 932 LEXINGTON VA 24450 21490067 0 X WWW.VMIAA.ORG X 1937 VA TO SUPPORT THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL. 32 32 85 0 343569 -89098 10249568 18794280 0 0 -1730347 1570633 3208369 1125154 11727590 21490067 13140533 12162821 0 0 2433791 2558743 0 0 2192178 1045609 3100842 16619933 17822406 -4892343 3667661 243910048 273644882 4353771 4649183 239556277 268995699 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 12777540 12162821 ALL PROGRAM SERVICES ARE FOR THE SUPPORT OF VIRGINIA MILITARY INSTITUTE, TO INCLUDE VMI ALUMNI ASSOCIATION. 12777540 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 0 0 0 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 34 0 1 85 1 1 1 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X VMI FOUNDATION INC 5404647383 PO BOX 932 LEXINGTON VA 24450 JOHN D ADAMS 2.00 X 0 0 0 T BRYAN BARTON 2.00 X 0 0 0 DR CHARLES F BRYAN JR 2.00 X 0 0 0 KIM Y CHU 2.00 X 0 0 0 MG RICHARD E COLLIER 2.00 X 0 0 0 LUTHER C DANIELS JR 2.00 X 0 0 0 ROBERT J EVANS 2.00 X 0 0 0 HUGH M FAIN III 2.00 X 0 0 0 JOHN F FICK 2.00 X 0 0 0 DR M DAVID GIBBONS 2.00 X 0 0 0 JOHN R GIBNEY JR 2.00 X 0 0 0 CONRAD M HALL 2.00 X 0 0 0 COL S R HANMER JR 2.00 X 0 0 0 DR J BATTLE HASLAM II 2.00 X 0 0 0 ROBERT A HEELY 2.00 X 0 0 0 RICHARD K HINES 2.00 X 0 0 0 JAMES R HOBBS 2.00 X 0 0 0 STEPHEN E HUPP 2.00 X 0 0 0 WM JEFFRESS JR ESQ 2.00 X 0 0 0 GRAHAM O KING 2.00 X 0 0 0 ROBERT L MCDOWELL 2.00 X 0 0 0 JOHN C MILLER II 2.00 X 0 0 0 P WILLIAM MOORE JR 2.00 X 0 0 0 WILLIAM A PAULETTE 2.00 X 0 0 0 WALTER C PERRIN II 2.00 X 0 0 0 GEORGE M RAPPORT 2.00 X 0 0 0 MG STEPHEN H SEWELL JR 2.00 X 0 0 0 ASHLEY L TAYLOR JR 2.00 X 0 0 0 ROBERT C TROXLER 2.00 X 0 0 0 WILLIAM E WELSH 2.00 X 0 0 0 TW WILLIAMSON JR 2.00 X 0 0 0 THOMAS HENRY ZARGES 2.00 X 0 0 0 BRIAN CROCKETT 40.00 X 220067 0 32090 W BRYAN 40.00 X 141829 0 29027 D PRASNICKI 40.00 X 161911 0 30110 C ELLIOTT 40.00 X 107946 0 15793 F AREHART 40.00 X 62297 0 19606 D TAYLOR 40.00 X 100268 0 12285 T CONRAD 40.00 X 89547 0 7996 P WEBB 40.00 X 91195 0 19545 975060 0 166452 5 0 1 0 MCGUIRE WOODS LLP 901 EAST CARY ST RICHMOND VA 232194030 CONSULTING 120866 1 18794280 3254330 18794280 1570633 343569 1227064 ADMINISTRATIVE FEES 900099 970463 970463 TRANSFERS FROM RELATED ORGANIZATI 900099 154691 154691 1125154 21490067 0 343569 2352218 12162821 12162821 869274 173855 130391 565028 1063851 212770 159578 691503 198672 39734 29801 129137 291901 58380 43785 189736 135045 27009 20257 87779 15344 2636 6117 6591 42513 42513 1719145 1719145 473934 64360 270575 138999 16506 3301 2476 10729 89967 17993 71974 10974 5487 5487 15114 15114 24800 12400 12400 UNRELATED BUSINESS INCO 3219 3219 TRANSFERS TO RELATED OR 298638 298638 FUNDRAISING AND CAMPAIG 239438 239438 SPECIAL FUNCTIONS 63996 12799 6400 44797 87254 7475 68799 10980 17822406 12777540 2852688 2192178 -10139511 -6475749 11675665 14519244 2420347 2359564 0 809035 750123 613137 141301 136986 226555080 248556705 13257166 13739097 243910048 273644882 406926 704010 3946845 3945173 4353771 4649183 X 44901603 50504738 76034404 85343789 118620270 133147172 239556277 268995699 243910048 273644882 X 3667661 26260959 -489198 X X 0 1 X 1 0 X 18423075 11718702 12406034 10249568 19580796 72378175 18423075 11718702 12406034 10249568 19580796 72378175 12588315 59789860 4358499 3224508 3139012 2481112 1570633 14773764 2889053 2285225 1918967 3208369 40000 10341614 97493553 0.61330 0.56270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 117507412 7163418 14080847 3911698 2954829 113387 131771763 0.78510 0.21490 0 0 144500 23281 121219 605623 589856 15767 136986 SECURITIES - POOLED FUND 235476245 F OTHER INVESTMENTS 13080460 F 248556705 CASH SURRENDER VALUE OF LIFE INSURANCE 3523839 DUE FROM RELATED PARTY 10215258 13739097 LIABILITIES UNDER CHARITABLE GIFT ANNUITIES 3945173 3945173 X 45244045 26260959 -489198 25771761 19472284 2017783 2017783 21490067 15804623 0 15804623 2017783 2017783 17822406 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. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 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 1 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 BRIAN CROCKETT 220067 0 0 0 0 0 25625 0 6465 0 252157 0 0 0 W BRYAN 141829 0 0 0 0 0 16162 0 12865 0 170856 0 0 0 D PRASNICKI 161911 0 0 0 0 0 18213 0 11897 0 192021 0 0 0 PART I, LINE 1A HEALTH AND SOCIAL CLUB DUES ARE REIMBURSED ONLY TO THE CEO BASED ON CONTRACTUAL OBLIGATIONS. X 73 5319369 FAIR VALUE AT RECEIPT 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ACTUARIAL GAIN ON TRUST & ANNUITY OBLIGATIONS -489,198. AUDIT OVERSIGHT & SELECTION OF INDEPENDENT ACCOUNTANT 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. VMI INVESTMENT HOLDINGS LLC 304 LETCHER AVENUE LEXINGTON VA 24450 261795327 ACQUIRE, HOLD AND DISPOSE OF INVESTMENTS, TO INCLUDE AFFILIATED NFP ENTITIES VA 0 0 VMI FOUNDATION INC 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 VMI DEVELOPMENT BOARD INC S 154691 VMI KEYDET CLUB INC R 298638