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 2017 • 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
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
93rd percentile
Higher top officer pay than 93% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
4th percentile
Faster asset growth than 4% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Balance Sheet
Assets
Down$45,445
Down $50,146 (-52%) from 2016
Net Assets
Down$45,445
Down $50,146 (-52%) from 2016
Liabilities
Flat$0
Flat from 2016
Revenue And Expenses
Revenue
Down$30,380
Down $47,622 (-61%) from 2016
Expenses
Up$80,526
Up $860 (+1.1%) from 2016
Net Income
Down-$50,146
Down $48,482 (-2914%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2016 to Jun 30, 2017
- Signed
- Nov 1, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $50,154
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 2017 | - | $0 | - | - |
| JOEY BROWN | President - Class Of 2018 | - | $0 | - | - |
| ELI FACEMIRE | President - Class Of 2019 | - | $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
- 2017-11-01
- 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: 36,173. Returns and allowances: 0. Less cost of goods sold: 19,774. Gross profit: 16,399. Cost of goods sold: inventory at beginning of year: 0. Merchandise purchased: 19,774. Cost of labor: 0. Materials and supplies: 0. Other costs: 0. Inventory at end of year: 0. Cost of goods sold: 19,774.”
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: 05/08/17. Amount given: 1,500.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: taxes & licenses. Amount: 2,267. Description: ring figure weekend costs. Amount: 50,525. Description: transportation/travel. Amount: 7,670. Description: security & emergency services. Amount: 11,377. Description: bank fees. Amount: 204. Description: return of class dues to cadets/distributions to class agents. Amount: 1,926. Description: office supplies. Amount: 104. Description: contribution. Amount: 554. Total to form 990-ez, line 16: 74,627.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: receivables from cadets. Beg. Of year amount: 6,663. End of year amount: 6,663.”
Raw XML Appendix130 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 | 88928 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 38782 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 19774 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -50146 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 700 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 95591 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 45445 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 1500 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 16399 |
| IRS990EZ/GrossReceiptsAmt | 0 | 50154 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 36173 |
| 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 | 13981 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 95591 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 45445 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 95591 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 45445 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 3699 |
| 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 2017 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | PRESIDENT - CLASS OF 2018 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | PRESIDENT - CLASS OF 2019 |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 6663 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 6663 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 74627 |
| 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 | 80526 |
| IRS990EZ/TotalRevenueAmt | 0 | 30380 |
| IRS990EZ/TypeOfOrganizationAssocInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.VMI.EDU |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | INCOME: GROSS RECEIPTS: 36,173. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 19,774. GROSS PROFIT: 16,399. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 19,774. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 19,774. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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: 05/08/17. AMOUNT GIVEN: 1,500. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: TAXES & LICENSES. AMOUNT: 2,267. DESCRIPTION: RING FIGURE WEEKEND COSTS. AMOUNT: 50,525. DESCRIPTION: TRANSPORTATION/TRAVEL. AMOUNT: 7,670. DESCRIPTION: SECURITY & EMERGENCY SERVICES. AMOUNT: 11,377. DESCRIPTION: BANK FEES. AMOUNT: 204. DESCRIPTION: RETURN OF CLASS DUES TO CADETS/DISTRIBUTIONS TO CLASS AGENTS. AMOUNT: 1,926. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 104. DESCRIPTION: CONTRIBUTION. AMOUNT: 554. TOTAL TO FORM 990-EZ, LINE 16: 74,627. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: RECEIVABLES FROM CADETS. BEG. OF YEAR AMOUNT: 6,663. 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 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | 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 | 2017-11-01 |
| 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/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 980FFDCBF5BB11EB6CCBE474EBB7B962C12A57DF |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 8B65BE4A25B083D8C200247B76E4048747CA8CA7 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 199.244.105.69 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2017-11-01 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 15:40:33 |
| 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 | 2017-11-01T14:40:42-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-06-30 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $45,445
- Liabilities
- $0
- Net assets
- $45,445
- Revenue
- $30,380
- Expenses
- $80,526
- Net income
- -$50,146