2025-05-05T15:19:50-05:00 2024-06-30 541298267 RAETZ & HAWKINS PC CPAS 128 SOUTH RANDOLPH STREET LEXINGTON VA 244500916 990 2023-07-01 540737652 VMI RESEARCH LABORATORIES VMIR 5404647432 VIRGINIA MILITARY INSTITUTE LEXINGTON VA 24450 WADE BELL DIRECTOR OF RESEARCH 5404647432 2025-05-05 1 1 LUCAS C PENIX P01792749 5404637121 2023 2025-03-06 01:10:19Z CHARLES E EDGAR IV VIRGINIA MILITARY INSTITUTE LEXINGTON VA 24450 3051078 0 X WWW.VMI.EDU/VMIRL X 1963 VA RESEARCH & EDUCATIONAL ACTIVITIES 14 11 80 0 0 0 0 0 2386445 3043249 7155 7829 20933 0 2414533 3051078 488776 547248 0 0 1127415 1323948 0 0 0 1027857 1216325 2644048 3087521 -229515 -36443 1592848 1774768 799817 937178 793031 837590 X VMI RESEARCH LABS EXISTS TO SERVE AS THE RESEARCH AND DEVELOPMENT ARM OF THE VIRGINIA MILITARY INSTITUTE. ITS PURPOSE IS TO IMPROVE THE EFFECTIVENESS OF AND TO AID DIRECTLY OR INDIRECTLY VMI'S PRIME MISSION - EDUCATION OF THE UNDERGRADUATE STUDENT. CONTINUED ON SCHEDULE O. INTIMATELY BOUND WITH THIS GOAL ARE OTHER BENEFITS INCLUDING: ENHANCING THE REPUTATION OF THE INSTITUTE AS A CONTRIBUTOR TO THE GENERAL BETTERMENT OF THE STATE AND NATION; ALLOWING FACULTY MEMBERS TO WORK CREATIVELY AND INDEPENDENTLY IN THEIR FIELDS OF INTEREST AND REPORT THEREON; ENHANCING THE OPPORTUNITY FOR CADETS TO ASSIST IN RESEARCH ACTIVITY WITH THE FACULTY AND, FINALLY, TO PROVIDE A MEANS OF FINANCIAL ASSISTANCE TO FACULTY AND CADETS IN THE FORM OF PART TIME AND/OR FULL TIME SUMMER EMPLOYMENT. 0 0 2151725 2177868 PROJECTS IN COLLABORATION WITH THE UNITED STATES DEPARTMENT OF AGRICULTURE, THE UNITED STATES AIR FORCE, THE UNITED STATES NAVY, THE NATIONAL SCIENCE FOUNDATION, THE VIRGINIA DEPARTMENT OF GAME AND INLAND FISHERIES, THE UNIVERSITY OF WISCONSIN, LOCAL GOVERNMENTS, OTHER NOT FOR PROFITS AND PRIVATE INDUSTRY. 849676 547248 865381 EDUCATIONAL ACTIVITIES INCLUDING INTERNATIONAL INITIATIVES. INDIRECT COSTS 3001401 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 69 0 1 80 1 0 0 0 0 0 0 0 0 0 0 X 14 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X WADE BELL 5404647949 VIRGINIA MILITARY INSTITUTE LEXINGTON VA 24450 JOSE GOMEZ CHAIRMAN 0.00 X 0 0 0 TIM HODGES DIRECTOR 0.00 X 0 0 0 MARK BRYANT DIRECTOR 0.00 X 0 0 0 TODD BRICKHOUSE DIRECTOR 0.00 X 0 0 0 HAL SNYDER DIRECTOR 0.00 X 0 0 0 PAT GRIFFIN DIRECTOR 0.00 X 0 0 0 ROBERT EAGLE DIRECTOR 0.00 X 0 0 0 ABIGAIL DAWSON DIRECTOR 0.00 X 0 0 0 CHRIS WILSON DIRECTOR 0.00 X 0 0 0 WADE E BELL DIRECTOR OF RESEARCH 1.00 X 6600 0 0 ANNE ALERDING SECRETARY 1.00 X 2400 0 0 ANGIE FAFATAS TREASURER/CONTRACTUAL OFFI 10.00 X 36575 0 0 45575 0 0 0 0 0 0 0 EDUCATION & RESEARCH G 900099 2957263 2957263 INDIRECT COST REIMBURS 900099 85986 85986 3043249 7829 7829 3051078 3043249 0 7829 X 547248 547248 45575 45575 1071648 1071648 206725 203247 3478 332748 321223 11525 105 105 33329 14476 18853 71255 71255 12470 12470 489023 489023 38265 38265 10655 8929 1726 MATERIALS & SUPPLIES 100548 96552 3996 INFRASTRUCTURE 80664 80664 LICENSES AND PERMITS 22360 22360 OTHER EXPENSES 21990 21533 457 2913 2508 405 3087521 3001401 86120 0 251684 16305 42778 378912 698845 700505 96172 121710 2649 6196 191326 134534 95057 56792 405663 494348 1592848 1774768 117129 124645 682688 812533 799817 937178 X 610344 613959 182687 223631 793031 837590 1592848 1774768 -36443 81002 0 X X 0 1 X 1 0 X 384493 1128571 2411864 2407378 3043250 9375556 384493 1128571 2411864 2407378 3043250 9375556 0 0 0 9375556 5384 4358 5487 7155 7829 30213 5384 4358 5487 7155 7829 30213 389877 1132929 2417351 2414533 3051079 9405769 0.99680 0.99180 0.00320 0.00820 X 405663 88685 494348 348494 57169 405663 388385 -39891 348494 292433 95952 388385 271334 21099 292433 0 0 191326 134534 56792 56792 VANGUARD ITERMEDIATE TERM TREASURIES 50554 F VANGUARD 500 INDEX 443794 F 494348 PAYABLE TO VMI 812533 812533 3132080 81002 81002 3051078 0 3051078 3087521 0 3087521 0 3087521 PART V, LINE 4: INVESTMENT INCOME FROM HINMAN & GIFT FUNDS IS USED FOR AWARDS TO FACULTY, STAFF & CADETS OF VMI FOR SERVICES AND ACTIVITIES SUPPORTED BY VMIRL. INVESTMENT INCOME FROM THE SYMPOSIUM FUND IS USED FOR BOARD DESIGNATED PURPOSES, INCLUDING PROVIDING A RESERVE FOR ADMINISTRATIVE AND OVERHEAD COSTS, IF NEEDED. 1 GRANT RESEARCH 547248 1 X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A PDF COPY OF THE ENTIRE 990 IS ELECTRONICALLY CIRCULATED TO THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C VMIRL POLICY IS MORE STRINGENT THAN MANY EXEMPT ORGANIZATIONS BECAUSE ANNUAL EVALUATION IS ALSO MADE TO ASSURE DOCUMENTATION OF WHICH DIRECTORS HAVE NATIONAL SECURITY CLEARANCE. FORM 990, PART VI, SECTION B, LINE 15 REMUNERATION OF ALL PERSONNEL MUST FOLLOW PROCEDURES PRESCRIBED IN CHAPTER 8 OF THE POLICIES AND PROCEDURES MANUAL. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG AND IN HARD COPY ON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 VMIRL MAKES ITS "POLICIES AND PROCEDURES IN RESEARCH" AVAILABLE ON LINE VIA REQUEST AND IN HARD COPY BY REQUEST. FORM 990, PART IX, LINE 11G OTHER CONTRACTED SERVIES: PROGRAM SERVICE EXPENSES 321,223. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 321,223. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,525. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,525. FORM 990, PART XI, LINE 2C THE BOARD OF DIRECTORS SERVES AS AN AUDIT COMMITTEE OF THE WHOLE. THE INDEPENDENT ACCOUNTANTS HAVE BEEN FREQUENTLY INVITED TO MAKE PRESENTATIONS TO THE BOARD AT ITS FALL MEETINGS, USUALLY IN OCTOBER. THERE HAVE BEEN NO CHANGES IN THE PROCEDURES USED IN THE YEAR ENDED JUNE 30, 2024.