Civic Intelligence

Cadet Foundation

990EZ • Fiscal year 2023 • EIN 87-1333054

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization Profilewww.thecadetfoundation.org
c/o 214 Terrebonne RoadYorktown, VA 23692

(757) 869-6770

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

95th percentile

71%

Higher net margin than 95% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

91st percentile

96%

Faster asset growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

1.4%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$60,035

Up $29,457 (+96%) from 2022

Net Assets

Up

$60,035

Up $29,457 (+96%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin95th percentile

Revenue

Up

$41,411

Up $576 (+1.4%) from 2022

Expenses

Down

$11,954

Down $6,497 (-35%) from 2022

Net Income

Up

$29,457

Up $7,073 (+32%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$100K$50K$0Assets 2022: $30,578Liabilities 2022: $0Net Assets 2022: $30,5782022Assets 2023: $60,035Liabilities 2023: $0Net Assets 2023: $60,0352023Assets 2024: $88,378Liabilities 2024: $0Net Assets 2024: $88,3782024

Highlighted filing

2023

Assets$60,035
Liabilities$0
Net Assets$60,035
Open 2023 Filing

Operations Trend

Revenue Growth46th percentile

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

$60K$40K$20K$0Revenue 2022: $40,835Expenses 2022: $18,451Net Income 2022: $22,3842022Revenue 2023: $41,411Expenses 2023: $11,954Net Income 2023: $29,4572023Revenue 2024: $45,298Expenses 2024: $16,955Net Income 2024: $28,3432024

Highlighted filing

2023

Revenue$41,411
Expenses$11,954
Net Income$29,457
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.0
Gross Receipts
$41,411
Mission and Program Overview

Mission

The Cadet Foundation operates and publishes The Cadet newspaper as the independent voice of the VMI Corps of Cadets and Alumni since its creation in 1871, its transition to a newspaper format in 1907, and today. Our mission is to support the journalistic pursuits in publishing the student-produced and alumni supported medium of news and information by cadets and alumni in continuing the positive and proud tradition and enhance the bonds between these two essential groups. The interaction will enhance the academic, military, intellectual and professional development experiences of its cadet members interested in careers in journalism or related fields as well as offer leadership opportunities to practice academic, military, and personal skills. The Cadet Foundation also supports other programs that directly benefit Cadets and their working with alumni that are nominated by Cadets and alumni to meet the Foundation's mission.

Program Services

DescriptionGrantsExpenses
Support to cadets participating in The Cadet newspaper at the Virginia Military Institute to include publication of their independent cadet edited student newspaper as well as related journalism and personal development programs working with alumni and other mentors.$0$11,954
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James MansfieldDirectorPT$0--
Debora HansenSecretaryPT$0--
Robert MorrisPresident And TreasurerPT$0--
Russell CrouchBoard MemberPT$0--
Filing and Contact Details

Filer

Filer Name
Cadet Foundation
EIN
87-1333054
Phone
7578696770
Address
c/o 214 Terrebonne Road, Yorktown, VA 23692

Signing Officer

Name
Robert Morris
Title
President
Phone
7578696770
Signed
2024-11-13
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^General expendable supplies needed for The Cadet Program;38|Liability Insurance for The Cadet program;718^Total;756^”

Raw XML Appendix162 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
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Yorktown
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd023692
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0James Mansfield
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Debora Hansen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Robert Morris
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Russell Crouch
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2President and Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0756
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0The Cadet Foundation operates and publishes The Cadet newspaper as the independent voice of the VMI Corps of Cadets and Alumni since its creation in 1871, its transition to a newspaper format in 1907, and today. Our mission is to support the journalistic pursuits in publishing the student-produced and alumni supported medium of news and information by cadets and alumni in continuing the positive and proud tradition and enhance the bonds between these two essential groups. The interaction will enhance the academic, military, intellectual and professional development experiences of its cadet members interested in careers in journalism or related fields as well as offer leadership opportunities to practice academic, military, and personal skills. The Cadet Foundation also supports other programs that directly benefit Cadets and their working with alumni that are nominated by Cadets and alumni to meet the Foundation's mission.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt011954
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TotalRevenueAmt041411
IRS990EZ/TransactionWithControlEntInd00
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.thecadetfoundation.org
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Income from bank account interest
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt08391
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt094605
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt094605
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^General expendable supplies needed for The Cadet Program;38|Liability Insurance for The Cadet program;718^Total;756^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReasonableCauseExplanation/ExplanationTxt0An extension for filing was properly submitted to the IRS and approval for late filing received for this organization due to delay from COVID and receiving required program documents.
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Morris
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07578696770
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CADET FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CADE
ReturnHeader/Filer/EIN0871333054
ReturnHeader/Filer/PhoneNum07578696770
ReturnHeader/Filer/USAddress/AddressLine1Txt0c/o 214 Terrebonne Road
ReturnHeader/Filer/USAddress/CityNm0Yorktown
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023692
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02024-11-14T09:49:00-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$60,035
Liabilities
$0
Net assets
$60,035
Revenue
$41,411
Expenses
$11,954
Net income
$29,457
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$88.4$0.00$88.4$45.3$17.0$28.3
2023Detailed filing. Detailed filing data is available for this year.$60.0$0.00$60.0$41.4$12.0$29.5
2022Detailed filing. Detailed filing data is available for this year.$30.6$0.00$30.6$40.8$18.5$22.4