2014-11-14T15:42:28-06:00 2014-06-30 560747981 DIXON HUGHES GOODMAN LLP 4510 COX ROAD SUITE 200 GLEN ALLEN VA 230603394 990 2013-07-01 540505966 VMI FOUNDATION INC VMIF 5404647383 PO BOX 932 LEXINGTON VA 24450 MR DAVID PRASNICKI TREASURER 5404647383 2014-11-14 JOSEPH S NADDER III CPA P01240960 8042827636 2013 2015-11-30 17:44:51Z MR DAVID PRASNICKI PO BOX 932 LEXINGTON VA 24450 15887614 0 X WWW.VMIAA.ORG X 1937 VA TO SUPPORT THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL. 28 28 65 0 86758 -213206 18794280 14207294 0 0 1570633 767135 1125154 913185 21490067 15887614 12162821 14309537 0 0 2558743 2641885 0 0 2235594 3100842 3109802 17822406 20061224 3667661 -4173610 273644882 308677731 4649183 4994761 268995699 303682970 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 14939806 14309537 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. 14939806 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 30 0 1 65 1 1 1 0 0 0 0 0 0 0 0 0 X 28 28 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 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 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 JOHN C MILLER II 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 X 267765 0 32644 WARREN BRYAN VICE PRESIDENT 40.00 X 143812 0 29553 DAVID PRASNICKI TREASURER 40.00 X 158836 0 30630 CRISSY ELLIOTT ASST. SECRETARY/TREASURER 40.00 X 113703 0 16133 FRANCES AREHART CORPORATE SECRETARY 40.00 X 60766 0 20122 DOUGLAS TAYLOR VICE PRESIDENT 40.00 X 98937 0 12311 THERESA CONRAD VICE PRESIDENT 40.00 X 92515 0 7901 SCOTT E BELLIVEAU DIRECTOR OF COMMUNICATIONS 40.00 X 76427 0 26713 JOHN J WRANEK III DIRECTOR OF ANNUAL GIVING 40.00 X 70333 0 25942 1083094 0 201949 4 0 1 0 GRAHAM PELTON CONSULTING INC 39 BEECHWOOD ROAD SUMMIT NJ 07901 CONSULTING 126969 MCGUIRE WOODS LLP 901 EAST CARY ST RICHMOND VA 232194030 CONSULTING 120221 2 14207294 606964 14207294 767135 86758 680377 ADMINISTRATIVE FEES 900099 913185 913185 913185 15887614 0 86758 1593562 14309537 14309537 1162149 232430 174322 755397 1014507 202901 152176 659430 101612 20322 15242 66048 225977 45195 33897 146885 137640 27528 20646 89466 24467 4660 8158 11649 27775 27775 2043565 2043565 455755 63011 266326 126418 25853 11009 3878 10966 74056 14811 59245 34840 17420 17420 14319 14319 29036 14518 14518 FUNDRAISING AND CAMPAIG 242870 242870 MISCELLANEOUS 62645 62645 SPECIAL FUNCTIONS 43477 8695 4348 30434 DUES & SUBSCRIPTIONS 31144 11778 19366 20061224 14939806 2885824 2235594 -6475749 -6671606 14519244 14807180 2359564 2310012 809035 691974 750123 627456 136986 122667 248556705 282603595 13739097 14813909 273644882 308677731 704010 366160 3945173 4628601 4649183 4994761 X 50504738 57523854 85343789 136199534 133147172 109959582 268995699 303682970 273644882 308677731 X -4173610 39079992 -219111 X X 0 1 X 1 0 X 11718702 12406034 10249568 18794280 14207294 67375878 11718702 12406034 10249568 18794280 14207294 67375878 4105013 63270865 3224508 3139012 2481112 1570633 767135 11182400 2285225 1918967 3208369 40000 913185 8365746 86924024 0.72790 0.56270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 131771763 6494530 20888988 5130138 3729624 150295519 117507412 7163418 14080847 3911698 2954829 113387 131771763 0.73160 0.26840 0 1 1 144500 32915 111585 605623 594541 11082 122667 SECURITIES - POOLED FUND 267182972 F OTHER INVESTMENTS 15420623 F 282603595 LIABILITIES UNDER CHARITABLE GIFT ANNUITIES 4628601 4628601 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, 2014. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2011 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 8610487 0 0 0 0 0 0 8610487 0 8610487 1 0 0 1 1 0 1 VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 1932891 UNDESIGNATED AID VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 4179002 SCHOLARSHIPS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 1125570 JACKSON HOPE VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 648687 PROFESSIONAL CHAIRS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 364341 ACADEMIC SUPPORT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 OTHER DESIGNATED EXPENSES VMI ALUMNI ASSOCIATION PO BOX 932 LEXINGTON VA 24450 540515753 501(C)(3) 1700000 ADMINISTRATIVE SUPPORT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 93480 FACULTY AWARDS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 1668505 INSTRUCTION VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 8150 STUDENT SERVICES VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 124802 INSURANCE PREMIUMS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 34564 CADET AWARDS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 75035 PUBLIC SUPPORT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 107915 LIBRARY VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 1000000 LEADERSHIP VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 61650 TRUST DISTRIBUTIONS VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 232955 PHYSICAL PLANT VIRGINIA MILITARY INSTITUTE PO BOX 932 LEXINGTON VA 24450 546001803 115 828417 OTHER VMI DEVELOPMENT BOARD INC PO BOX 932 LEXINGTON VA 24450 541429093 501(C)(3) 89539 ADMINISTRATIVE SUPPORT VMI KEYDET CLUB INC PO BOX 932 LEXINGTON VA 24450 521300039 501(C)(3) 34034 ADMINISTRATIVE SUPPORT 4 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 222765 0 45000 0 0 0 25830 0 6814 0 300409 0 0 0 WARREN BRYAN VICE PRESIDENT 139612 0 4200 0 0 0 16214 0 13339 0 173365 0 0 0 DAVID PRASNICKI TREASURER 154146 0 4690 0 0 0 18313 0 12317 0 189466 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. AN EXTERNAL CONSULTANT WAS USED TO DETERMINE SALARY OF THE CEO. X 68 606964 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. 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 -219,111. 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 787322 352424251 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 0 1 0 0 0 0 0 1 0 1 1 1 1 0 0 1 0