2025-11-14T16:22:19+00:00 2025-06-30 440160260 Forvis Mazars LLP 901 East Cary Street Suite 1000 Richmond VA 23219 990 2024-07-01 540505966 VMI Foundation VMIF 5404647383 PO Box 932 Lexington VA 24450 Crissy S Elliott Chief Financial Officer 5404647383 2025-11-14 true true Stephen Kimberlin P01296597 8042827636 2025-11-14 2024 2025-03-06 01:10:19Z Crissy S Elliott PO Box 932 Lexington VA 24450 26717885 false X www.vmialumni.org X 1937 VA To support the Virginia Military Institute (VMI), a state-supported school. 27 27 29 0 2437170 1435208 12053980 15418605 0 0 13628001 10882334 586535 416946 26268516 26717885 22046593 23179400 0 0 1701719 1682784 0 0 1602316 2225133 3770005 25973445 28632189 295071 -1914304 642086851 691343869 24317716 27922723 617769135 663421146 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. false false 23545359 23179400 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. 23545359 true true false false false false false false false true true true false false true true false true false false true false false false false false false true false true false false false false false false false false false false true false false false true true false false false false true 35 0 true 29 true true true false false false false false false false false false false false X 27 27 false false false false false false false true true false false false false true true true true true true true false false VA X VMI Foundation 5404647383 PO Box 932 Lexington VA 24450 Colonel Joseph P Moan USAF Ret Board Member 2.0 X 0 0 0 Commander Bree A Guiterman Board Member 2.0 X 0 0 0 Dr Christopher R Gorman Board Member 2.0 X 0 0 0 Lt Gen Carl A Strock USA Ret Board Member 2.0 X 0 0 0 Mr Daniel P Thornton BOARD MEMBER 2.0 X 0 0 0 Mr Daryl L Deke Board Member 2.0 X 0 0 0 Mr Ernesto V Sampson Jr Board Member 2.0 5.0 X 0 0 0 Mr Gale F Sommers Board Member 2.0 X 0 0 0 Mr Garland Gray II Board Member 2.0 X 0 0 0 Mr Glen N Jones Board Member 2.0 X 0 0 0 Mr John F Fick III Board Member 2.0 X 0 0 0 Mr John P Williams Board Member 2.0 X 0 0 0 Mr Johnathan A Mayo Board Member 2.0 X 0 0 0 Mr Jonathan T Moody Board Member 2.0 X 0 0 0 Mr Kimber L Latsha JD Board Member 2.0 X 0 0 0 Mr Kurt A Polk Board Member 2.0 X 0 0 0 Mr Matthew B Hamilton Board Member 2.0 X 0 0 0 Mr Matthew R Hemenez BOARD MEMBER 2.0 X 0 0 0 Mr Robert B Gore Board Member 2.0 X 0 0 0 Mr Robert M Michie Board Member 2.0 X 0 0 0 Mr Sean P Cantrell Board Member 2.0 X 0 0 0 Mr Sterling T Sweeney Board Member 2.0 X 0 0 0 Mr Thomas Henry Zarges Board Member 2.0 X 0 0 0 Mr William L Taliaferro Board Member 2.0 5.0 X 0 0 0 Mrs Elise G Woodworth Board Member 2.0 X 0 0 0 Mrs Lara T Chambers Board Member 2.0 X 0 0 0 Ms Dorcas G Wilkinson Board Member 2.0 X 0 0 0 Crissy S Elliott Chief Financial Officer 2.0 44.0 X 0 182835 33436 David L Prasnicki Chief Executive Officer 2.0 44.0 X 0 280759 18156 Kevin A Ryan Financial Controller 2.0 44.0 X 0 163894 4216 Meade B King Chief Operating Officer 40.0 X 147347 0 16126 Theresa I Conrad Vice President Development 40.0 X 163821 0 3225 Virginia Cameron Executive Assistant and Corporate Secretary 40.0 X 52392 0 475 Gregory M Cavallaro Senior Major Gift Officer 40.0 X 142962 0 20149 506522 627488 95783 3 false true false Friendo 9150 Wilshire Blvd Suite 350 Beverly Hills CA 90212 Event Speaker 145000 1 15418605 998084 15418605 0 0 0 0 0 10882334 2437170 8445164 0 0 0 0 Administration Fees 900099 416946 416946 0 0 0 0 416946 26717885 0 2437170 8862110 23179400 23179400 398219 79644 99555 219020 895823 179165 134373 582285 122221 24444 18333 79444 166529 33306 24979 108244 99992 19998 14999 64995 3136474 3136474 0 0 0 0 91753 27341 9176 55236 93430 18686 74744 27536 13768 13768 11942 11942 Dues and subscriptions 1593 398 1195 Special functions 10304 2061 1030 7213 Fundraising and campaigns 395905 395905 Miscellaneous 1068 801 267 0 0 0 0 28632189 23545359 3484514 1602316 26743300 31439046 8911418 6283340 2641987 2502025 0 0 874225 872480 13686 1745 600547661 647872770 0 3228799 3244943 642086851 691343869 319528 0 24317716 27603195 24317716 27922723 X 109995095 109995095 507774040 553426051 617769135 663421146 642086851 691343869 X -1914304 47989415 -423100 X X false true true false X 19226132 17476624 23270934 12053980 15418605 87446275 0 0 19226132 17476624 23270934 12053980 15418605 87446275 4331489 83114786 6187650 6985522 13419092 13628001 10882334 51102599 0 1386184 -154462 303696 586535 416946 2538899 141087773 0 0.58910 0.6215 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - ADMINISTRATIVE FEES, COLUMN A - 1386184.0, COLUMN B - -154462.0, COLUMN C - 303696.0, COLUMN D - 586535.0, COLUMN E - 416946.0, COLUMN F - 2538899.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 351997690 12033621 55722360 21109868 5797112 0 392846691 315776997 7774212 41475047 14248929 -1220363 0 351997690 267427955 22682327 30588968 12907820 -7985567 0 315776997 279133803 13144986 -11137551 10879757 2833526 0 267427955 202224101 11548895 75845108 10650500 -166199 0 279133803 0.0 1.0 0.0 false true true 144500 142755 1745 729725 729725 0 1745 Closely-held equity interests Financial derivatives Securities - Pooled Fund 626168566 F Other Investments 21704204 F 647872770 Federal Income Taxes Liabilities under charitable gift annuities 4407650 Due to related parties 23195545 27603195 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part V, Line 4 Intended uses of endowment funds 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 D, Part X, Line 2 FIN 48 (ASC 740) footnote 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. Central America and the Caribbean 0 0 Investments 14134433 0 0 0 0 0 0 14134433 0 14134433 true false false true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Cash true Virginia Military Institute 319 Letcher Avenue Lexington VA 24450 546001803 115 18556130 VARIOUS PROGRAM SERVICES VMI Alumni Association PO BOX 932 Lexington VA 24450 540515753 501(c)(3) 1205558 administrative support VMI Alumni Agencies Board PO Box 932 Lexington VA 24450 541429093 501(C)(3) 3417712 Administrative Support 3 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds VMI FOUNDATION 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 true true X X X false false false false false false false false false David L Prasnicki Chief Executive Officer 0 272259 0 8500 0 0 0 14000 0 4156 0 298915 0 0 Crissy S Elliott Chief Financial Officer 0 176835 0 6000 0 0 0 30500 0 2936 0 216271 0 0 Kevin A Ryan Financial Controller 0 157394 0 6500 0 0 0 0 0 4216 0 168110 0 0 Theresa I Conrad Vice President Development 160821 0 3000 0 0 0 0 0 3225 0 167046 0 0 0 Meade B King Chief Operating Officer 144347 0 3000 0 0 0 12643 0 3483 0 163473 0 0 0 Gregory M Cavallaro Senior Major Gift Officer 142962 0 0 0 0 0 17487 0 2662 0 163111 0 0 0 Schedule J, Part I, Line 1a Travel for companions Travel expenses for companions are reimbursed to the organization. Schedule J, Part I, Line 3 THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT REVIEWS ALL SALARIES. COMPARATIVE DATA IS SUPPLIED FOR ALL POSITIONS. 73 998084 Market value 0 false false false Form 990, Part VI, Line 11b Review of form 990 by governing body Prior to its filing, a pubic disclosure copy of the Form 990 was made available to the board members for their review. SINCE A COMPLETE COPY OF THE FORM 990 WAS NOT PROVIDED TO THE BOARD, THE FOUNDATION HAS ANSWERED NO TO FORM 990, PART VI, QUESTION 11a. Form 990, Part VI, Line 12c Conflict of interest policy 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, Line 15a Process to establish compensation of top management official THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT REVIEWS ALL SALARIES. COMPARATIVE DATA IS SUPPLIED FOR ALL POSITIONS. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT REVIEWS ALL SALARIES. COMPARATIVE DATA IS SUPPLIED FOR ALL POSITIONS. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS ARE AVAILABLE ON ORGANIZATION'S WEBSITE AND ARE ALSO AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Actuarial GAIN on Trust & Annuity Obligations - -423100; Total - -423100; Form 990, Part XII, Line 2c Change of oversight process or selection process 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 VMI Alumni Agencies Board Inc PO Box 932 Lexington VA 24450 541429093 Receive and manage assets for the support of VMI VA 501(c)(3) Type II na false VMI KEYDET CLUB PO Box 932 Lexington VA 24450 521300039 Support intercollegiate athletic programs at VMI VA 501(c)(3) 7 na false VMI Alumni Association PO Box 932 Lexington VA 24450 540515753 Organize alumni into one association VA 501(c)(3) 7 na false false true false false true false false false false true false true true true true false false true false