Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
990 • Fiscal year 2016 • EIN 54-1429093
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
30th percentile
Faster asset growth than 30% of similar nonprofits.
Revenue Growth
99th percentile
Faster revenue growth than 99% of similar nonprofits.
Assets
Down$70,051,733
Down $1,293,981 (-1.8%) from 2015
Net Assets
Down$12,052,373
Down $5,743,071 (-32%) from 2015
Liabilities
Up$57,999,360
Up $4,449,090 (+8.3%) from 2015
Revenue
Up$2,851,428
Up $2,403,893 (+537%) from 2015
Expenses
Up$7,117,211
Up $2,009,080 (+39%) from 2015
Net Income
Up-$4,265,783
Up $394,813 (+8.5%) from 2015
The purpose of vmi development 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.
To provide support for the virginia military institute (vmi), a state-supported school.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $68,481,638 | $65,156,344 | ▼ $3,325,294 |
| Pledges and Grants Receivable | $466,241 | $2,454,410 | ▲ $1,988,169 |
| Accounts Receivable | $862,812 | $862,812 | → $0 |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Total Assets | $71,345,714 | $70,051,733 | ▼ $1,293,981 |
| Other Assets Total | $1,535,023 | $1,578,167 | ▲ $43,144 |
| Liabilities | |||
| Tax Exempt Bond Liabilities | $44,386,691 | $47,111,866 | ▲ $2,725,175 |
| Accounts Payable and Accrued Expenses | $5,706,085 | $6,775,438 | ▲ $1,069,353 |
| Other Liabilities | $3,457,494 | $4,112,056 | ▲ $654,562 |
| Total Liabilities | $53,550,270 | $57,999,360 | ▲ $4,449,090 |
| Net Assets / Fund Balance | |||
| Temporarily Rstr Net Assets | $9,736,744 | $9,402,198 | ▼ $334,546 |
| Permanently Rstr Net Assets | $2,091,871 | $2,092,709 | ▲ $838 |
| Unrestricted Net Assets | $5,966,829 | $557,466 | ▼ $5,409,363 |
| Total Net Assets Fund Balance | $17,795,444 | $12,052,373 | ▼ $5,743,071 |
| Total Liabilities and Net Assets / Fund Balance | $71,345,714 | $70,051,733 | ▼ $1,293,981 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $0 | $19,224 | $19,224 |
| Other Securities | $732,134 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2015 | $3,164,447 | $838 | ▲ $7,241 | - | $3,067,946 |
| 2014 | $3,266,037 | $873 | ▼ $2,333 | - | $3,164,447 |
| 2013 | $3,006,215 | $1,093 | ▲ $382,529 | $93,450 | $3,266,037 |
| 2012 | $2,735,750 | $2,877 | ▲ $323,972 | $52,994 | $3,006,215 |
| Name | Title |
|---|---|
| Brian Crockett | Board Member |
| Edgar Jt Perrow Jr | Board Member |
| General Jh Binford Peay Iii | Board Member |
| George P Ramsey Iii | Board Member |
| Hugh M Fain Iii | Board Member |
| William a Paulette | Board Member |
| David Prasnicki | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $4,033,521 |
| Grants and Similar Amounts Paid | $3,083,690 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $3,083,690 | - | - | $3,083,690 |
| Fees for Services Management | - | $729,200 | - | $729,200 |
| Fees for Service Investment Mgmnt Fees | - | $429,513 | - | $429,513 |
| Fees for Services Accounting | - | $15,053 | - | $15,053 |
| Other Expenses | $1,501 | $1,834 | - | $3,335 |
| Total Functional Expenses | $5,941,611 | $1,175,600 | $0 | $7,117,211 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Virginia Military Institute | Lexington, VA | 115 | Debt Service | $1,955,005 |
| Virginia Military Institute | Lexington, VA | 115 | Athletic Scholarships | $500,000 |
| Virginia Military Institute | Lexington, VA | 115 | Scholarships | $385,098 |
| Virginia Military Institute | Lexington, VA | 115 | Intercollegiate Athletics | $142,520 |
| Virginia Military Institute | Lexington, VA | 115 | Physical Plant | $82,680 |
| Virginia Military Institute | Lexington, VA | 115 | Undesignated Aid | $7,907 |
| Virginia Military Institute | Lexington, VA | 115 | Trust Distributions | $5,440 |
| Virginia Military Institute | Lexington, VA | 115 | Insurance Premiums | $5,040 |
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, | Investments | - | 0 | 0 | $1,911,171 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Related Entities | $3,853,136 |
| Trust & Annuity Obligations | $239,475 |
| Other Liabilities | $19,445 |
| Bond | Issuer | Issued | Issue Price | Purpose |
|---|---|---|---|---|
| A | Industrial Development Authority of the City of Lexington Virginia | 2010-10-29 | $45,537,990 | Construction of learning ant ethics center. Improvements to stadiums. |
| B | Industrial Development Authority of the City of Lexington Virginia | 2016-06-02 | $36,736,226 | Refund bond series 2006b and 2006c |
| Bond | Total Proceeds | Spent | Retired | Issuance Costs |
|---|---|---|---|---|
| A | $45,537,990 | - | - | $534,928 |
| B | $36,736,226 | - | - | $412,396 |
“Members of the vmi alumni association, inc. Board of directors serve as the members of the development board.”
“Members of the vmi alumni association, inc. Have the right to elect one or more members of the development board's board of directors.”
“The development board's bylaws provide that any amendment to the bylaws by the board of directors is subject to amendment or repeal by the members.”
“Prior to its filing, a copy of the form 990 was distributed to the board members for review.”
“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.”
“Governing documents are available on organization's website and are also available upon request.”
“Actuarial gain (loss) on trust & annuity obligations -6,662.”
“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.”
“The intended use of the endowment funds is to support the virginia military institute (vmi), a state-supported school.”
“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. The organization has determined that there are no material unrecognized tax benefits or obligations as of june 30, 2016. Fiscal years ending on or after june 30, 2013 remain subject to examination by federal and state tax authorities.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 5706085 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 6775438 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 862812 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 862812 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE SUPPORT FOR THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL. |
| IRS990/AllOtherContributionsAmt | 0 | 2016114 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5404647383 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 932 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | LEXINGTON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 24450 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 2381698 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 3083690 |
| IRS990/CYInvestmentIncomeAmt | 0 | 469730 |
| IRS990/CYOtherExpensesAmt | 0 | 4033521 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -4265783 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 7117211 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 2851428 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | ALL PROGRAM SERVICES WERE FOR THE SUPPORT OF VMI |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 5941611 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 15053 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 15053 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 729200 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 729200 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 429513 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 429513 |
| IRS990/ForeignActivitiesInd | 0 | 1 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 44.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 55464 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 35330 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 32653 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | GEORGE P RAMSEY III |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | EDGAR JT PERROW JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | HUGH M FAIN III |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | WILLIAM A PAULETTE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | GENERAL JH BINFORD PEAY III |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | BRIAN CROCKETT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | DAVID PRASNICKI |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 597665 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 294439 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 164606 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | TREASURER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1978 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GrantAmt | 0 | 3083690 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 3083690 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 3083690 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 2851428 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 566530 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 469730 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | -96800 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 68481638 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 65156344 |
| IRS990/InvestTaxExemptBondsInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 19224 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 0 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 19224 |
| IRS990/LegalDomicileStateCd | 0 | VA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE PURPOSE OF VMI DEVELOPMENT 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 17795444 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 12052373 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | -96800 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -1470626 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OnBehalfOfIssuerInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1535023 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1578167 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -6662 |
| IRS990/OtherExpensesGrp/Desc | 0 | LOSS ON BOND DEFEASANCE |
| IRS990/OtherExpensesGrp/Desc | 1 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1834 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 2856420 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 1501 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 2856420 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 3335 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 3457494 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 4112056 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt | 0 | 2091871 |
| IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt | 0 | 2092709 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 466241 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 2454410 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | MR DAVID PRASNICKI |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 17428 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 3814501 |
| IRS990/PYInvestmentIncomeAmt | 0 | 430107 |
| IRS990/PYOtherExpensesAmt | 0 | 1293630 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -4660596 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 5108131 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 447535 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -4265783 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RelatedOrganizationsAmt | 0 | 365584 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | 1 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 546001803 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 2 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 3083690 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | VIRGINIA MILITARY INSTITUTE |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 3083690 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 3164447 |
| IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt | 0 | 838 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 3067946 |
| IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 104580 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 7241 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 3266037 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 873 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 3164447 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 100130 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | -2333 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 3006215 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt | 0 | 1093 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 3266037 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 30350 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 382529 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 93450 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 2735750 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt | 0 | 2877 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 3006215 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 3390 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 323972 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 52994 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | 1 |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 19224 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 19224 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 3853136 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 239475 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 19445 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO RELATED ENTITIES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | TRUST & ANNUITY OBLIGATIONS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | OTHER LIABILITIES |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 64424210 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 1 | 732134 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | SECURITIES-POOLED FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | OTHER INVESTMENTS |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | F |
| IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct | 0 | 0.17500 |
| IRS990ScheduleD/RelatedOrgListSchRInd | 0 | 1 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | 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. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2016. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2013 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART V, LINE 4: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART X, LINE 2: |
| IRS990ScheduleD/TermEndowmentBalanceEOYPct | 0 | 0.82500 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 65156344 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 4112056 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt | 0 | 0 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt | 0 | 0 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt | 0 | 1911171 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt | 0 | CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt | 0 | INVESTMENTS |
| IRS990ScheduleF/BoycottCountriesInd | 0 | 0 |
| IRS990ScheduleF/ContinuationSpentAmt | 0 | 0 |
| IRS990ScheduleF/ContinutationTotalEmployeeCnt | 0 | 0 |
| IRS990ScheduleF/ContinutationTotalOfficeCnt | 0 | 0 |
| IRS990ScheduleF/ForeignCorpOwnershipInd | 0 | 0 |
| IRS990ScheduleF/ForeignPartnershipInd | 0 | 1 |
| IRS990ScheduleF/InterestInForeignTrustInd | 0 | 0 |
| IRS990ScheduleF/PassiveForeignInvestmestCoInd | 0 | 1 |
| IRS990ScheduleF/SubtotalEmployeesCnt | 0 | 0 |
| IRS990ScheduleF/SubtotalOfficesCnt | 0 | 0 |
| IRS990ScheduleF/SubtotalSpentAmt | 0 | 1911171 |
| IRS990ScheduleF/TotalEmployeeCnt | 0 | 0 |
| IRS990ScheduleF/TotalOfficeCnt | 0 | 0 |
| IRS990ScheduleF/TotalSpentAmt | 0 | 1911171 |
| IRS990ScheduleF/TransferToForeignCorpInd | 0 | 1 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 1955005 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 385098 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 500000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 82680 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 4 | 5040 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 5 | 142520 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 6 | 5440 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 7 | 7907 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 115 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 1 | 115 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 2 | 115 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 3 | 115 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 4 | 115 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 5 | 115 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 6 | 115 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 7 | 115 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | DEBT SERVICE |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | SCHOLARSHIPS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 2 | ATHLETIC SCHOLARSHIPS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 3 | PHYSICAL PLANT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 4 | INSURANCE PREMIUMS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 5 | INTERCOLLEGIATE ATHLETICS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 6 | TRUST DISTRIBUTIONS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 7 | UNDESIGNATED AID |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | VIRGINIA MILITARY INSTITUTE |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | VIRGINIA MILITARY INSTITUTE |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | VIRGINIA MILITARY INSTITUTE |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 3 | VIRGINIA MILITARY INSTITUTE |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 4 | VIRGINIA MILITARY INSTITUTE |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 5 | VIRGINIA MILITARY INSTITUTE |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 6 | VIRGINIA MILITARY INSTITUTE |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 7 | VIRGINIA MILITARY INSTITUTE |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 546001803 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 546001803 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 2 | 546001803 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 3 | 546001803 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 4 | 546001803 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 5 | 546001803 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 6 | 546001803 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 7 | 546001803 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | PO BOX 932 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | PO BOX 932 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 2 | PO BOX 932 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 3 | PO BOX 932 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 4 | PO BOX 932 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 5 | PO BOX 932 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 6 | PO BOX 932 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 7 | PO BOX 932 |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | LEXINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | LEXINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 2 | LEXINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 3 | LEXINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 4 | LEXINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 5 | LEXINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 6 | LEXINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 7 | LEXINGTON |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | VA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 2 | VA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 3 | VA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 4 | VA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 5 | VA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 6 | VA |
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Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.