2025-11-14T16:17:49+00:00 2025-06-30 440160260 Forvis Mazars LLP 901 East Cary Street Suite 1000 Richmond VA 23219 990 2024-07-01 541429093 Vmi Alumni Agencies Board Inc VMIA 5404647383 PO BOX 932 Lexington VA 24450 Crissy S Elliott Chief Financial Officer 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 5535814 false X www.vmialumni.org X 1978 VA TO PROVIDE SUPPORT FOR THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL. 7 7 24 0 0 0 4809 453527 0 0 1741552 1349516 3711204 3732771 5457565 5535814 1760529 2217934 0 0 2667916 2813617 0 0 1621762 1696030 1802854 6124475 6834405 -666910 -1298591 103560005 111684682 67124287 70733253 36435718 40951429 THE PURPOSE OF VMI alumni agencies board IS TO SUPPORT VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL, BY COORDINATING DEVELOPMENT AND FUNDRAISING EFFORTS CONDUCTED ON BEHALF OF THE INSTITUTE, PLANNING, ORGANIZING, AND CONDUCTING THE VMI CAMPAIGN. false false 3127157 2217934 All program services were for the support of VMI 3127157 true true false false false false false false false true true true false true true true false true false false true false false false false false false true false true true false false false false false false false false false false true false false false false true false false false false true 0 0 24 true true true false false false false false false false false false false false X 7 7 false false false false true true true true true false false false false true true true true true false false false false VA X The Organization 5404647383 PO Box 932 Lexington VA 24450 Mr Daniel P Thornton Board Member 5.0 2.0 X 0 0 0 Mr Ernesto V Sampson Jr Board Member 5.0 2.0 X 0 0 0 Mr Kelly M Sweppenhiser Board Member 5.0 2.0 X 0 0 0 Mr Matthew R Hemenez Chairman 5.0 2.0 X 0 0 0 Mr Thomas E Gottwald Board Member 5.0 X 0 0 0 Mr William C Collier Board Member 5.0 2.0 X 0 0 0 Mr William L Taliaferro Jr Board Member 5.0 2.0 X 0 0 0 Crissy S Elliott Chief Financial Officer 40.0 6.0 X 182835 0 33436 David L Prasnicki Chief Executive Officer 40.0 6.0 X 280759 0 18156 Kevin A Ryan Financial Controller 40.0 6.0 X 163894 0 4216 Amy F Goetz Chief Communications Officer 40.0 X 136192 0 12512 763680 0 68320 4 false true false FLORA PETTIT PC PO BOX 1287 Harrisonburg VA 22803 legal services 190477 MCGUIREWOODS CONSULTING 901 EAST CARY ST Richmond VA 23219 Consulting services 181411 Forvis Mazars LLP PO BOX 602828 Charlotte NC 28260 accounting services 110565 3 453527 250000 453527 0 0 0 0 0 1349516 1349516 0 0 0 0 Administrative Fees 900099 3732771 3732771 0 0 0 0 3732771 5535814 0 0 5082287 2217934 2217934 713775 178444 285510 249821 1434946 358737 573978 502231 237675 59419 95070 83186 259106 64777 103642 90687 168115 42029 67246 58840 41814 8363 12544 20907 106470 106470 392488 392488 107096 0 42838 64258 1001216 149032 336808 515376 28289 5658 22631 2476 1238 1238 5250 5250 65102 32551 32551 Real estate taxes 18876 9438 9438 Memberships 10404 5202 5202 Miscellaneous 9318 4193 5125 Utilities 9105 1821 1366 5918 4950 419 3064 1467 6834405 3127157 2085486 1621762 3757 202509 0 0 50192 39260 16182 10932 75480517 79533665 0 28059549 31937576 103560005 111684682 28215864 31845317 36329306 36317005 0 2325036 2325036 254081 245895 67124287 70733253 X 17748556 17748556 18687162 23202873 36435718 40951429 103560005 111684682 X -1298591 5846488 -32186 X X false true true false X X 4 Virginia Military Institute 546001803 2 true 2217934 0 VMI Foundation 540505966 7 true 0 0 VMI Alumni Association 540515753 7 true 0 0 VMI Keydet Club 541300039 7 true 0 0 4 2217934 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4564006 500075 150017 334819 4879279 4582889 -304 192058 210637 4564006 14387630 208019 188771 10201531 4582889 7467052 7004928 96454 180804 14387630 7488840 40623 119708 182119 7467052 0.0 1.0 0.0 false true true 50192 39260 10932 10932 Closely-held equity interests Financial derivatives Securities-pooled fund 78325547 F Other Investments 1208118 F 79533665 Life insurance cash surrender value 1288416 Due from related parties 30635093 Other Current Assets 14067 31937576 Federal Income Taxes Trust & Annuity obligations 245895 245895 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. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Organization 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 2279221 0 0 0 0 0 0 2279221 0 2279221 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 2217934 VARIOUS PROGRAM SERVICES 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds VMI alumni agencies board, 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 true true X X X false false false false false false false false false David L Prasnicki Chief Executive Officer 272259 0 8500 0 0 0 14000 0 4156 0 298915 0 0 0 Crissy S Elliott Chief Financial Officer 176835 0 6000 0 0 0 30500 0 2936 0 216271 0 0 0 Kevin A Ryan Financial Controller 157394 0 6500 0 0 0 0 0 4216 0 168110 0 0 0 Schedule J, Part I, Line 1a Health or social club dues or initiation fees Type of Benefit: Health or social club dues or initiation fees Listed person who received the benefit: David L. Prasnicki CEO Was the benefit treated as taxable to listed person? yes Schedule J, Part I, Line 3 The organization has a compensation committee that reviews all salaries. Comparative data is supplied for all positions. A INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF LEXINGTON VIRGINIA 546001392 52976TAK3 2016-06-02 36736266 Refund Bond Series 2006B and 2006C true false false B INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF LEXINGTON VIRGINIA 546001392 52976tbk2 2021-12-31 25978525 Refund Bond Series 2016 false false false A 36736226 36323830 412396 false true false true B 25978525 25657509 321016 true false false true A false false false false false false 0.0 0.0 0.0 false false 0 false false B false false false false false false 0.0 0.0 0.0 false false 0 false false A false true false false false false 0 false false false 0 false false false B false true false false false false 0 false false false 0 false false false A false B false 2 250000 Market value 0 false false false Form 990, Part VI, Line 6 Classes of members or stockholders MEMBERS OF THE VMI ALUMNI ASSOCIATION BOARD OF DIRECTORS SERVE AS THE MEMBERS OF THE VMI Alumni Agencies Board, Inc. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body MEMBERS OF THE VMI ALUMNI ASSOCIATION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE VMI Alumni Agencies BOARD'S BOARD OF DIRECTORS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders THE VMI Alumni Agencies Board's BYLAWS PROVIDE THAT ANY AMENDMENT TO THE BYLAWS BY THE BOARD OF DIRECTORS IS SUBJECT TO AMENDMENT OR REPEAL BY THE MEMBERS. Form 990, Part VI, Line 11b Review of form 990 by governing body Prior to its filing, a public disclosure copy of the Form 990 was made available to board members. Since a complete copy of the Form 990 was not provided to the Board, the organization has answered "NO" to Form 990, Part VI, Question 11A. Form 990, Part VI, Line 12c Conflict of interest policy ANNUAL CONFLICT OF INTEREST STATETMENTS 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, 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 (loss) on Trust & Annuity obligations - -32186; Total - -32186; 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 FOUNDATION PO Box 932 Lexington VA 24450 540505966 SUPPORT VIRGINIA MILITARY INSTITUTE, A STATE-SUPPORTED SCHOOL VA 501(c)(3) 7 na false VMI KEYDET CLUB PO Box 932 Lexington VA 24450 541300039 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 Virginia Military Institute 309 Letcher Ave Lexington VA 24450 546001803 College VA 501(c)(3) 2 na false false false false true false false false false false false false false false true true false false false false