Civic Intelligence

VMI Alumni Agencies Board Inc.

990 • Fiscal year 2016 • EIN 54-1429093

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 14, 2016

PO Box 932Lexington, VA 24450

(540) 464-7383

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.83x

Higher debt load relative to assets than 86% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

20.34x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

2nd percentile

-150%

Higher net margin than 2% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

30th percentile

-1.8%

Faster asset growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

99th percentile

537%

Faster revenue growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

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

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $59,697,063Liabilities 2010: $53,808,994Net Assets 2010: $5,888,0692010Assets 2011: $73,468,382Liabilities 2011: $54,790,367Net Assets 2011: $18,678,0152011Assets 2012: $77,404,270Liabilities 2012: $62,739,729Net Assets 2012: $14,664,5412012Assets 2013: $75,012,248Liabilities 2013: $58,858,726Net Assets 2013: $16,153,5222013Assets 2014: $81,087,649Liabilities 2014: $59,593,191Net Assets 2014: $21,494,4582014Assets 2015: $71,345,714Liabilities 2015: $53,550,270Net Assets 2015: $17,795,4442015Assets 2016: $70,051,733Liabilities 2016: $57,999,360Net Assets 2016: $12,052,3732016Assets 2017: $74,381,653Liabilities 2017: $58,808,197Net Assets 2017: $15,573,4562017Assets 2018: $78,318,792Liabilities 2018: $59,168,821Net Assets 2018: $19,149,9712018Assets 2019: $79,135,385Liabilities 2019: $57,564,658Net Assets 2019: $21,570,7272019Assets 2020: $79,392,561Liabilities 2020: $60,578,974Net Assets 2020: $18,813,5872020Assets 2021: $91,066,431Liabilities 2021: $54,418,588Net Assets 2021: $36,647,8432021Assets 2022: $87,634,014Liabilities 2022: $50,444,404Net Assets 2022: $37,189,6102022Assets 2023: $94,289,341Liabilities 2023: $63,916,489Net Assets 2023: $30,372,8522023Assets 2024: $103,560,005Liabilities 2024: $67,124,287Net Assets 2024: $36,435,7182024Assets 2025: $111,684,682Liabilities 2025: $70,733,253Net Assets 2025: $40,951,4292025

Highlighted filing

2016

Assets$70,051,733
Liabilities$57,999,360
Net Assets$12,052,373

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10M-$20MExpenses 2010: $3,598,2982010Expenses 2011: $5,808,0042011Revenue 2012: $2,799,652Expenses 2012: $5,700,100Net Income 2012: -$2,900,4482012Expenses 2013: $5,504,0292013Revenue 2014: $443,225Expenses 2014: $4,419,083Net Income 2014: -$3,975,8582014Revenue 2015: $447,535Expenses 2015: $5,108,131Net Income 2015: -$4,660,5962015Revenue 2016: $2,851,428Expenses 2016: $7,117,211Net Income 2016: -$4,265,7832016Revenue 2017: $1,274,126Expenses 2017: $3,503,955Net Income 2017: -$2,229,8292017Revenue 2018: $1,667,488Expenses 2018: $3,784,868Net Income 2018: -$2,117,3802018Revenue 2019: $6,165,337Expenses 2019: $7,266,625Net Income 2019: -$1,101,2882019Revenue 2020: $4,824,882Expenses 2020: $6,584,068Net Income 2020: -$1,759,1862020Revenue 2021: $5,217,814Expenses 2021: $9,865,565Net Income 2021: -$4,647,7512021Revenue 2022: $10,873,805Expenses 2022: $6,673,465Net Income 2022: $4,200,3402022Revenue 2023: $5,519,621Expenses 2023: $16,878,080Net Income 2023: -$11,358,4592023Revenue 2024: $5,457,565Expenses 2024: $6,124,475Net Income 2024: -$666,9102024Revenue 2025: $5,535,814Expenses 2025: $6,834,405Net Income 2025: -$1,298,5912025

Highlighted filing

2016

Revenue$2,851,428
Expenses$7,117,211
Net Income-$4,265,783
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$2,851,428
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
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 Categories

AssetBook ValueDepreciationBasis
Equipment$0$19,224$19,224
Other Securities$732,134--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian CrockettBoard Member
Edgar Jt Perrow JrBoard Member
General Jh Binford Peay IiiBoard Member
George P Ramsey IiiBoard Member
Hugh M Fain IiiBoard Member
William a PauletteBoard Member
David PrasnickiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,381,698
Program Service Revenue
$0
Investment Income
$469,730
Other Revenue
$0
All Other Contributions
$2,016,114
Change in Net Assets
$-4,265,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Virginia Military InstituteLexington, VA115Debt Service$1,955,005
Virginia Military InstituteLexington, VA115Athletic Scholarships$500,000
Virginia Military InstituteLexington, VA115Scholarships$385,098
Virginia Military InstituteLexington, VA115Intercollegiate Athletics$142,520
Virginia Military InstituteLexington, VA115Physical Plant$82,680
Virginia Military InstituteLexington, VA115Undesignated Aid$7,907
Virginia Military InstituteLexington, VA115Trust Distributions$5,440
Virginia Military InstituteLexington, VA115Insurance Premiums$5,040

International Summary

Offices
0
Employees
0
Spending
$1,911,171

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Investments-00$1,911,171
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Entities$3,853,136
Trust & Annuity Obligations$239,475
Other Liabilities$19,445

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndustrial Development Authority of the City of Lexington Virginia2010-10-29$45,537,990Construction of learning ant ethics center. Improvements to stadiums.
BIndustrial Development Authority of the City of Lexington Virginia2016-06-02$36,736,226Refund bond series 2006b and 2006c

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$45,537,990--$534,928
B$36,736,226--$412,396

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Members of the vmi alumni association, inc. Board of directors serve as the members of the development board.

Form 990, Part VI, Section A, Line 7A

Members of the vmi alumni association, inc. Have the right to elect one or more members of the development board's board of directors.

Form 990, Part VI, Section A, Line 7B

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.

Form 990, Part VI, Section B, Line 11

Prior to its filing, a copy of the form 990 was distributed to the board members for review.

Form 990, Part VI, Section B, Line 12C

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, Section C, Line 19

Governing documents are available on organization's website and are also available upon request.

Filing and Contact Details

Filer

Filer Name
Vmi Development Board Inc
EIN
54-1429093
Phone
5404647383
Address
PO BOX 932, LEXINGTON, VA 24450

Signing Officer

Name
Mr David Prasnicki
Title
Treasurer
Phone
5404647383
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr David Prasnicki
Formed
1978
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Dixon Hughes Goodman Llp
Address
901 EAST CARY STREET SUITE 1000, RICHMOND, VA 23219
Preparer
Joseph S Nadder Iii
Phone
8042827636
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Actuarial gain (loss) on trust & annuity obligations -6,662.

FORM 990, PART XII, 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 scheduled meeting each year.

Financial Statement Notes

PART V, LINE 4:

The intended use of the endowment funds is to support the virginia military institute (vmi), a state-supported school.

PART X, LINE 2:

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.

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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02454410
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MR DAVID PRASNICKI
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt017428
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03814501
IRS990/PYInvestmentIncomeAmt0430107
IRS990/PYOtherExpensesAmt01293630
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-4660596
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05108131
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0447535
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-4265783
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0365584
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0546001803
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03083690
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0VIRGINIA MILITARY INSTITUTE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt03083690
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03164447
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0838
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03067946
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0104580
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt07241
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03266037
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0873
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03164447
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0100130
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2333
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03006215
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01093
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03266037
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt030350
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0382529
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt093450
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02735750
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt02877
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03006215
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt03390
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0323972
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt052994
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd01
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019224
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019224
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03853136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1239475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt219445
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED ENTITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TRUST & ANNUITY OBLIGATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt064424210
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1732134
IRS990ScheduleD/OtherSecuritiesGrp/Desc0SECURITIES-POOLED FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.17500
IRS990ScheduleD/RelatedOrgListSchRInd01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.82500
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt065156344
IRS990ScheduleD/TotalLiabilityAmt04112056
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01911171
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0INVESTMENTS
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd01
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd01
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt01911171
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt01911171
IRS990ScheduleF/TransferToForeignCorpInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01955005
IRS990ScheduleI/RecipientTable/CashGrantAmt1385098
IRS990ScheduleI/RecipientTable/CashGrantAmt2500000
IRS990ScheduleI/RecipientTable/CashGrantAmt382680
IRS990ScheduleI/RecipientTable/CashGrantAmt45040
IRS990ScheduleI/RecipientTable/CashGrantAmt5142520
IRS990ScheduleI/RecipientTable/CashGrantAmt65440
IRS990ScheduleI/RecipientTable/CashGrantAmt77907
IRS990ScheduleI/RecipientTable/IRCSectionDesc0115
IRS990ScheduleI/RecipientTable/IRCSectionDesc1115
IRS990ScheduleI/RecipientTable/IRCSectionDesc2115
IRS990ScheduleI/RecipientTable/IRCSectionDesc3115
IRS990ScheduleI/RecipientTable/IRCSectionDesc4115
IRS990ScheduleI/RecipientTable/IRCSectionDesc5115
IRS990ScheduleI/RecipientTable/IRCSectionDesc6115
IRS990ScheduleI/RecipientTable/IRCSectionDesc7115
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DEBT SERVICE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2ATHLETIC SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3PHYSICAL PLANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4INSURANCE PREMIUMS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5INTERCOLLEGIATE ATHLETICS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6TRUST DISTRIBUTIONS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7UNDESIGNATED AID
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VIRGINIA MILITARY INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1VIRGINIA MILITARY INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2VIRGINIA MILITARY INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3VIRGINIA MILITARY INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4VIRGINIA MILITARY INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5VIRGINIA MILITARY INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6VIRGINIA MILITARY INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7VIRGINIA MILITARY INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientEIN0546001803
IRS990ScheduleI/RecipientTable/RecipientEIN1546001803
IRS990ScheduleI/RecipientTable/RecipientEIN2546001803
IRS990ScheduleI/RecipientTable/RecipientEIN3546001803
IRS990ScheduleI/RecipientTable/RecipientEIN4546001803
IRS990ScheduleI/RecipientTable/RecipientEIN5546001803
IRS990ScheduleI/RecipientTable/RecipientEIN6546001803
IRS990ScheduleI/RecipientTable/RecipientEIN7546001803
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 932
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO BOX 932
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO BOX 932
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO BOX 932
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4PO BOX 932
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5PO BOX 932
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6PO BOX 932
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7PO BOX 932
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LEXINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LEXINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2LEXINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm3LEXINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm4LEXINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm5LEXINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm6LEXINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm7LEXINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6VA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$112$70.7$41.0$5.54$6.83$1.30
2024Summary only. Only limited summary data is available for this year.$104$67.1$36.4$5.46$6.12$0.67
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$94.3$63.9$30.4$5.52$16.9$11.4
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.6$50.4$37.2$10.9$6.67$4.20
2021Summary only. Only limited summary data is available for this year.$91.1$54.4$36.6$5.22$9.87$4.65
2020Summary only. Only limited summary data is available for this year.$79.4$60.6$18.8$4.82$6.58$1.76
2019Summary only. Only limited summary data is available for this year.$79.1$57.6$21.6$6.17$7.27$1.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$78.3$59.2$19.1$1.67$3.78$2.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.4$58.8$15.6$1.27$3.50$2.23
2016Detailed filing. Detailed filing data is available for this year.$70.1$58.0$12.1$2.85$7.12$4.27
2015Summary only. Only limited summary data is available for this year.$71.3$53.6$17.8$0.45$5.11$4.66
2014Detailed filing. Detailed filing data is available for this year.$81.1$59.6$21.5$0.44$4.42$3.98
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.0$58.9$16.2$5.50
2012Summary only. Only limited summary data is available for this year.$77.4$62.7$14.7$2.80$5.70$2.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.5$54.8$18.7$5.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.7$53.8$5.89$3.60