Liabilities / Assets
53rd percentile
Tied with the lowest-debt nonprofits in its peer group.
Third Class Finance Committee C/O Assist Commandant Cadet Government
990EZ • Fiscal year 2016 • EIN 54-1748166
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
53rd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
32nd percentile
Higher net margin than 32% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
39th percentile
Faster asset growth than 39% of similar nonprofits.
Revenue Growth
62nd percentile
Faster revenue growth than 62% of similar nonprofits.
Balance Sheet
Assets
Down$95,591
Down $1,664 (-1.7%) from 2015
Net Assets
Down$95,591
Down $1,664 (-1.7%) from 2015
Liabilities
Flat$0
Flat from 2015
Revenue And Expenses
Revenue
Up$78,002
Up $4,553 (+6.2%) from 2015
Expenses
Up$79,666
Up $2,988 (+3.9%) from 2015
Net Income
Up-$1,664
Up $1,565 (+48%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2015 to Jun 30, 2016
- Signed
- Nov 10, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $95,823
Mission and Program Overview
Mission
To fund annual ring figure weekend.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| EACH CLASS AT THE VIRGINIA MILITARY INSTITUTE HOSTS A RING FIGURE WEEKEND DURING THEIR JUNIOR YEAR. FUNDS ARE OBTAINED BY CLASS DUES AND THE SALES OF T-SHIRTS, DVDS, BATHROBES, ORNAMENTS, AND LOCKBOXES TO MEMBERS OF THE CORPS OF CADETS AT VMI AND THEIR FAMILIES. ROYALTIES ARE RECEIVED FROM THE MANUFACTURER OF THE VMI CLASS RINGS PURCHASED BY MEMBERS. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| KEVIN FAUST | Asst. Commandant Cadet Gov | - | $0 | - | - |
| HAMP BEDDOES | President - Class Of 2016 | - | $0 | - | - |
| JOEY BROWN | President - Class Of 2017 | - | $0 | - | - |
| ELI FACEMIRE | President - Class Of 2018 | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Third Class Finance Committee
- EIN
- 54-1748166
- Phone
- 5404647718
- Address
- VMI COMMANDANTS OFFICE VMI BARRACKS, LEXINGTON, VA 24450
Signing Officer
- Name
- Kevin Faust
- Title
- Asst. Commandant Cadet Government
- Phone
- 5404647718
- Signed
- 2016-11-10
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Raetz & Hawkins Pc Cpas
- Address
- 128 SOUTH RANDOLPH STREET, LEXINGTON, VA 24450-0916
- Preparer
- David B Hawkins
- Phone
- 5404637121
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 7 - Sales of Inventory
“Income: gross receipts: 32,540. Returns and allowances: 0. Less cost of goods sold: 17,821. Gross profit: 14,719. Cost of goods sold: inventory at beginning of year: 0. Merchandise purchased: 17,821. Cost of labor: 0. Materials and supplies: 0. Other costs: 0. Inventory at end of year: 0. Cost of goods sold: 17,821.”
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: royalties from ring sales to members. Amount: 6,000. Description: miscellaneous income. Amount: 357. Total to form 990-ez, line 8: 6,357.”
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: general support. Grantee name: vmi foundation. Grantee address: neikirk hall, p.o. Box 932 lexington, va 24450. Grantee relationship: none. Date of gift: 05/12/16. Amount given: 7,175.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: taxes & licenses. Amount: 2,313. Description: ring figure weekend costs. Amount: 47,095. Description: transportation/travel. Amount: 120. Description: security & emergency services. Amount: 11,230. Description: bank fees. Amount: 190. Description: miscellaenous. Amount: 24. Description: return of class dues to cadets/distributions to class agents. Amount: 4,680. Description: office supplies. Amount: 441. Description: dues & subscriptions. Amount: 2,000. Description: contribution. Amount: 120. Total to form 990-ez, line 16: 68,213.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: receivables from cadets. Beg. Of year amount: 0. End of year amount: 6,663.”
Raw XML Appendix127 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | KEVIN FAUST |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5404647718 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | VMI CAMMANDANTS OFFICE VMI BARRACKS |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LEXINGTON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 24450 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 97255 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 88928 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 831 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 17821 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -1664 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 885 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 97255 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 95591 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 7175 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 14719 |
| IRS990EZ/GrossReceiptsAmt | 0 | 95823 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 32540 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 56095 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 97255 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 95591 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 97255 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 95591 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 3393 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | KEVIN FAUST |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | HAMP BEDDOES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JOEY BROWN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | ELI FACEMIRE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | ASST. COMMANDANT CADET GOV |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT - CLASS OF 2016 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | PRESIDENT - CLASS OF 2017 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | PRESIDENT - CLASS OF 2018 |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 6663 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 68213 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 6357 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO FUND ANNUAL RING FIGURE WEEKEND. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | EACH CLASS AT THE VIRGINIA MILITARY INSTITUTE HOSTS A RING FIGURE WEEKEND DURING THEIR JUNIOR YEAR. FUNDS ARE OBTAINED BY CLASS DUES AND THE SALES OF T-SHIRTS, DVDS, BATHROBES, ORNAMENTS, AND LOCKBOXES TO MEMBERS OF THE CORPS OF CADETS AT VMI AND THEIR FAMILIES. ROYALTIES ARE RECEIVED FROM THE MANUFACTURER OF THE VMI CLASS RINGS PURCHASED BY MEMBERS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | VA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 79666 |
| IRS990EZ/TotalRevenueAmt | 0 | 78002 |
| IRS990EZ/TypeOfOrganizationAssocInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.VMI.EDU |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | INCOME: GROSS RECEIPTS: 32,540. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 17,821. GROSS PROFIT: 14,719. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 17,821. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 17,821. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: ROYALTIES FROM RING SALES TO MEMBERS. AMOUNT: 6,000. DESCRIPTION: MISCELLANEOUS INCOME. AMOUNT: 357. TOTAL TO FORM 990-EZ, LINE 8: 6,357. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACTIVITY CLASSIFICATION: GENERAL SUPPORT. GRANTEE NAME: VMI FOUNDATION. GRANTEE ADDRESS: NEIKIRK HALL, P.O. BOX 932 LEXINGTON, VA 24450. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 05/12/16. AMOUNT GIVEN: 7,175. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: TAXES & LICENSES. AMOUNT: 2,313. DESCRIPTION: RING FIGURE WEEKEND COSTS. AMOUNT: 47,095. DESCRIPTION: TRANSPORTATION/TRAVEL. AMOUNT: 120. DESCRIPTION: SECURITY & EMERGENCY SERVICES. AMOUNT: 11,230. DESCRIPTION: BANK FEES. AMOUNT: 190. DESCRIPTION: MISCELLAENOUS. AMOUNT: 24. DESCRIPTION: RETURN OF CLASS DUES TO CADETS/DISTRIBUTIONS TO CLASS AGENTS. AMOUNT: 4,680. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 441. DESCRIPTION: DUES & SUBSCRIPTIONS. AMOUNT: 2,000. DESCRIPTION: CONTRIBUTION. AMOUNT: 120. TOTAL TO FORM 990-EZ, LINE 16: 68,213. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: RECEIVABLES FROM CADETS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 6,663. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KEVIN FAUST |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | ASST. COMMANDANT CADET GOVERNMENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5404647718 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-11-10 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THIRD CLASS FINANCE COMMITTEE |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | C/O ASSIST COMMANDANT CADET GOVERNMENT |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | THIR |
| ReturnHeader/Filer/EIN | 0 | 541748166 |
| ReturnHeader/Filer/PhoneNum | 0 | 5404647718 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | VMI COMMANDANTS OFFICE VMI BARRACKS |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LEXINGTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 24450 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 541298267 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RAETZ & HAWKINS PC CPAS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 128 SOUTH RANDOLPH STREET |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LEXINGTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 244500916 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5404637121 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DAVID B HAWKINS |
| ReturnHeader/ReturnTs | 0 | 2016-11-10T14:47:41-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-06-30 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $95,591
- Liabilities
- $0
- Net assets
- $95,591
- Revenue
- $78,002
- Expenses
- $79,666
- Net income
- -$1,664