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Nonprofiteer
← V M I ALUMNI ASSOCIATION

Form 990 for tax year 2023

Filed by V M I ALUMNI ASSOCIATION.

Totals

Total revenue
$1,160,430
Total expenses
$1,159,267
Contributions and grants received
$1,159,267
Grants paid
$42,371
Program service revenue
$0
Investment income
$1,163
Other revenue
$0
Total assets, end of year
$663,779
Total liabilities, end of year
$495,507
Net assets or fund balances, end of year
$168,272
Program services expenses (Part IX)
$456,738
Management and general expenses
$544,173
Fundraising expenses
$158,356
Program service expenses (Part III)
$456,738

Program services were 39.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,159,267

  • 3 · Investment income

    total $1,163 · excluded $1,163

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $42,371 · program services $42,371

  • 5 · Compensation of officers, directors and key employees

    total $125,402 · program services $62,701 · management and general $62,701

  • 7 · Other salaries and wages

    total $305,588 · program services $152,794 · management and general $152,794

  • 8 · Pension plan contributions

    total $34,276 · program services $17,138 · management and general $17,138

  • 9 · Other employee benefits

    total $37,624 · program services $18,812 · management and general $18,812

  • 10 · Payroll taxes

    total $32,626 · program services $16,313 · management and general $16,313

  • 11b · Fees: legal

    total $209,478 · management and general $209,478

  • 11g · Fees: other

    total $12,249 · management and general $1,225 · fundraising $11,024

  • 13 · Office expenses

    total $28,994 · program services $17,898 · management and general $11,096

  • 17 · Travel

    total $32,908 · program services $16,454 · management and general $16,454

  • 22 · Depreciation, depletion and amortization

    total $1,355 · management and general $1,355

  • 24a · Other expenses: SPECIAL FUNCTIONS

    total $156,831 · program services $31,366 · management and general $15,683 · fundraising $109,782

  • 24b · Other expenses: ALUMNI EVENTS

    total $96,861 · program services $77,489 · management and general $19,372

  • 24c · Other expenses: FUNDRAISING

    total $37,550 · fundraising $37,550

  • 24d · Other expenses: MISCELLANEOUS

    total $5,154 · program services $3,402 · management and general $1,752

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,980 · end of year $119,648

  • 4 · Accounts receivable

    beginning of year $28,614 · end of year $18,137

  • 10a · Land, buildings and equipment: cost or other basis

    $69,964

  • 10b · Land, buildings and equipment: accumulated depreciation

    $65,635

  • 10c · Land, buildings and equipment, net

    beginning of year $5,684 · end of year $4,329

  • 15 · Other assets

    beginning of year $524,831 · end of year $521,665

  • 17 · Accounts payable and accrued expenses

    beginning of year $414,000 · end of year $495,507

  • 27 · Net assets without donor restrictions

    beginning of year $167,109 · end of year $168,272

Mission and programs · 2023

Mission

THE PURPOSE OF THE VMI ALUMNI ASSOCIATION IS TO ORGANIZE THE ALUMNI OF VMI INTO ONE GENERAL BODY.

Activities or mission (Part I)

TO ASSIST THE VIRGINIA MILITARY INSTITUTE (VMI), A STATE SCHOOL, BY DEVELOPING AND SUPPORTING ALUMNI RELATIONS.

  • PREPARATION OF ALUMNI NEWSLETTERS AND PUBLICATIONS TO RECRUIT NEW MEMBERS AND BUILD ALUMNI UNITY AND PRIDE, ALUMNI RECRUITING AND ALUMNI CONVENTIONS.

    Expenses $456,738 · Grants $42,371

As filed on the 2023 return.

Listed in Part VII

  • MR ANTHONY U MOORE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • MR MATTHEW HEMENEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • COLONEL ANTHONY J MACDONALD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • COLONEL CHARLES W SACHS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • COLONEL JAMES R CHALKLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DR DAVID P LODUCA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DR WILLIAM R SHANNON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LT COL LUCAS E HALE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR CHARLES H STORY JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR DENNIS V MAGUIRE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR GARLAND GRAY III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR GRANT T HARRIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR GUY F CONTE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR JAMES E HENRY JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR JEFF WASHINGTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR JOEL W ANDRUS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR MAX H HOPKINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR MICHAEL C ZIRKLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR PATRICK J GRIFFIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR RICHARD C COUPLAND III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR TODD M BALDWIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR WILLIAM C COLLIER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MRS ABIGAIL D WATERBURY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MS JACQUELINE M BRISKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR DANIEL P THORNTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 7 related

  • MR ERNESTO V SAMPSON JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 7 related

  • MR EDWARD A JOHNSON

    CHIEF OPERATING OFFICER

    Total calculated
    $129,836
    From this org
    $117,132
    From related orgs
    $0
    Other
    $12,704
    Hours/week
    40

  • DAVID L PRASNICKI

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $293,412
    From this org
    $0
    From related orgs
    $278,012
    Other
    $15,400
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,200 related
    Bonus
    $0 + $5,700 related
    Other
    $0 + $2,112 related
    Deferred
    $0 + $14,000 related
    Nontaxable benefits
    $0 + $1,400 related
    Filer's total
    $0 + $293,412 related

  • CRISSY S ELLIOTT

    CHIEF FINANCIAL OFFICER

    Total calculated
    $212,684
    From this org
    $0
    From related orgs
    $178,639
    Other
    $34,045
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,797 related
    Bonus
    $0 + $5,100 related
    Other
    $0 + $742 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $4,045 related
    Filer's total
    $0 + $212,684 related

  • KEVIN A RYAN

    FINANCIAL CONTROLLER

    Total calculated
    $96,730
    From this org
    $0
    From related orgs
    $90,417
    Other
    $6,313
    Hours/week
    2 + 44 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
TYPE OF BENEFIT: TRAVEL FOR COMPANIONS LISTED PERSON WHO RECEIVED THE BENEFIT: COO OF VMI ALUMNI ASSOCIATION WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? TRAVEL FOR COMPANIONS IS TREATED AS TAXABLE INCOME ONLY IF THERE IS OVERSEAS TRAVEL INVOLVED. THERE WAS NOT ANY SUCH TRAVEL FOR THIS FISCAL YEAR.
PART I, LINE 3
THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT REVIEWS ALL SALARIES. COMPARATIVE DATA IS SUPPLIED FOR ALL POSITIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349319882

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