2012-11-14T15:48:28-06:00 2012-06-30 560747981 DIXON HUGHES GOODMAN LLP 4510 COX ROAD SUITE 200 GLEN ALLEN VA 230603394 990 2011-07-01 540505966 VMI FOUNDATION INC VMIF 5404647383 PO BOX 932 LEXINGTON VA 24450 MR DAVID PRASNICKI 5404647383 2012-11-14 1 JOSEPH S NADDER III CPA P01240960 8042827636 2011 2016-02-24 21:20:13Z MR DAVID PRASNICKI PO BOX 932 LEXINGTON VA 24450 11727590 0 X WWW.VMIAA.ORG X 1937 VA TO SUPPORT THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL. 36 36 87 0 0 20985 12406034 10249568 0 0 2677726 -1730347 3035819 3208369 18119579 11727590 12319447 13140533 0 0 2399636 2433791 0 0 2138988 994316 1045609 15713399 16619933 2406180 -4892343 256801892 243910048 4762877 4353771 252039015 239556277 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 13737184 ALL PROGRAM SERVICES ARE FOR THE SUPPORT OF VIRGINIA MILITARY INSTITUTE, TO INCLUDE VMI ALUMNI ASSOCIATION. 13737184 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 0 0 0 0 0 1 87 0 1 87 1 1 1 0 0 0 0 0 0 0 X 36 36 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 C ALLAN BAMFORTH 2.00 X 0 0 0 T BRYAN BARTON 2.00 X 0 0 0 COL RANDOLPH M BLANKS 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 JOHN F FICK 2.00 X 0 0 0 RICHARD W FLOWERS 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 RICHARD L GOODALL 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 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 SCOT W MARSH 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 DR CHARLES M ROGERS IV 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 214869 0 30585 W BRYAN 40.00 X 139372 0 27956 D PRASNICKI 40.00 X 153433 0 28581 C ELLIOTT 40.00 X 104360 0 14793 F AREHART 40.00 X 61233 0 18535 D TAYLOR 40.00 X 95595 0 12406 T CONRAD 40.00 X 90941 0 7801 P WEBB 40.00 X 92239 0 18346 952042 0 159003 4 0 1 0 MCGUIRE WOODS LLP 901 EAST CARY ST RICHMOND VA 232194030 CONSULTING 133435 1 10249568 387914 10249568 -1730347 -1730347 ADMINISTRATIVE FEES 900099 3208369 3208369 3208369 11727590 0 0 1478022 13140533 13140533 850024 170005 127504 552515 1003520 200704 150528 652288 206437 41287 30966 134184 245399 49080 36810 159509 128411 25682 19262 83467 35824 6722 12296 16806 32100 32100 479726 67932 250165 161629 17889 3578 2683 11628 96699 19340 77359 10450 5225 5225 15613 15613 26728 13364 13364 FUNDRAISING AND CAMPAIG 226326 226326 SPECIAL FUNCTIONS 54729 10946 5473 38310 DUES & SUBSCRIPTIONS 22559 5640 16919 MISCELLANEOUS 15181 15181 11785 7351 1611 2823 16619933 13737184 743761 2138988 -8364007 -10139511 11844480 11675665 2378132 2420347 739324 598023 156914 141301 245333273 226555080 5453100 13257166 256801892 243910048 306181 406926 4456696 3946845 4762877 4353771 X 44863446 44901603 80823291 76034404 126352278 118620270 252039015 239556277 256801892 243910048 X -4892343 -7590395 X X 0 1 1 X 0 X 15083472 18423075 11718702 12406034 10249568 67880851 15083472 18423075 11718702 12406034 10249568 67880851 15446888 52433963 553896 4358499 3224508 3139012 2481112 13757027 1236025 2889053 2285225 1918967 3208369 11537639 93175517 0.56270 0.54150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 252039065 10249568 -9320792 4704455 11915478 -3208369 239556277 218837069 12406034 39855388 4858509 17216736 -3015819 252039065 198317542 12342663 22890449 4236640 12988513 -2511568 218837069 0.18740 0.31740 0.49520 0 0 739324 598023 141301 141301 SECURITIES - POOLED FUND 214530209 F OTHER INVESTMENTS 12024871 F 226555080 CASH SURRENDER VALUE OF LIFE INSURANCE 3477705 DUE FROM RELATED PARTY 9779461 13257166 LIABILITIES UNDER CHARITABLE GIFT ANNUITIES 3946845 3946845 11727590 16619933 -4892343 -7729899 139504 -7590395 -12482738 11867094 139504 139504 11727590 0 11727590 16619933 0 16619933 0 16619933 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACTUARIAL GAIN ON TRUST & ANNUITY OBLIGATIONS 139,504. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL GAIN ON TRUST & ANNUITY OBLIGATIONS 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. 1 VMI PO BOX 932 LEXINGTON VA 24450 1941625 UNDESIGNATED AID AND OPERATIONS VMI PO BOX 932 LEXINGTON VA 24450 3966662 SCHOLARSHIPS VMI PO BOX 932 LEXINGTON VA 24450 1040630 JACKSON HOPE VMI PO BOX 932 LEXINGTON VA 24450 1637179 PROFESSIONAL CHAIRS AND INSTRUCTION VMI PO BOX 932 LEXINGTON VA 24450 413787 ACADEMIC SUPPORT VMI PO BOX 932 LEXINGTON VA 24450 1000000 LEADERSHIP VMI PO BOX 932 LEXINGTON VA 24450 1469450 OTHER DESIGNATED EXPENSES VMI ALUMNI ASSOCIATION PO BOX 932 LEXINGTON VA 24450 1671200 ADMINISTRATIVE SUPPORT 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 INSTITURE, 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 214869 0 0 0 0 0 24600 0 5985 0 245454 0 0 0 W BRYAN 139372 0 0 0 0 0 16162 0 11794 0 167328 0 0 0 D PRASNICKI 153433 0 0 0 0 0 17656 0 10925 0 182014 0 0 0 PART I, LINE 1A HEALTH AND SOCIAL CLUB DUES ARE REIMBURSED ONLY TO THE CEO BASED ON CONTRACTUAL OBLIGATIONS. X 91 387914 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 STATETMENTS ARE COMPLETED BY ALL BOARD MEMBERS. ADDITTIONALLY, 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. COMPAPATIVE 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -7,729,899. ACTUARIAL GAIN ON TRUST & ANNUITY OBLIGATIONS 139,504. TOTAL TO FORM 990, PART XI, LINE 5: -7,590,395. 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 SCHEDULE MEETING EACH YEAR. VMI INVESTMENT HOLDINGS LLC 304 LETCHER AVENUE LEXINGTON VA 24450 ACQUIRE, HOLD AND DISPOSE OF INVESTMENTS, TO INCLUDE AFFILIATED NFP ENTITIES VA VMI FOUNDATION INC