Skip to content
Nonprofiteer
← VALLEY FORGE MILITARY ACADEMY FOUNDATION

Form 990 for tax year 2024

Filed by VALLEY FORGE MILITARY ACADEMY FOUNDATION.

Totals

Total revenue
$9,801,664
Total expenses
$14,166,994
Contributions and grants received
$1,956,512
Grants paid
$1,611,259
Program service revenue
$5,925,442
Investment income
$663,624
Other revenue
$1,256,086
Total assets, end of year
$41,854,697
Total liabilities, end of year
$8,946,470
Net assets or fund balances, end of year
$32,908,227
Program services expenses (Part IX)
$5,701,282
Management and general expenses
$7,890,395
Fundraising expenses
$575,317
Program service expenses (Part III)
$5,701,282

Program services were 40.2% 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.

  • 1c · Fundraising events

    $102,557

  • 1e · Government grants (contributions)

    $887,827

  • 1f · All other contributions, gifts and grants

    $966,128

  • 1g · Noncash contributions included above

    $6,184

  • 2a · Program service revenue: TUITION AND FEES

    total $4,284,899 · related or exempt $4,284,899

  • 2b · Program service revenue: FACILITIES RENTAL VFMA

    total $800,000 · related or exempt $800,000

  • 2c · Program service revenue: SUMMER CAMP PROGRAM

    total $408,704 · related or exempt $408,704

  • 2d · Program service revenue: FIELD RENTALS - SUMMER CAMP

    total $280,100 · related or exempt $280,100

  • 2e · Program service revenue: FACILITIES RENTAL

    total $151,739 · related or exempt $151,739

  • 3 · Investment income

    total $289,953 · excluded $289,953

  • 6a · Gross rents

    real property $39,911

  • 6b · Less rental expenses

    real property $83,456

  • 6c · Rental income or loss

    real property -$43,545

  • 6d · Net rental income or loss

    total -$43,545 · unrelated business -$43,545

  • 7a · Gross sales of assets other than inventory

    securities $773,336 · other assets $1,474,887

  • 7b · Less cost or other basis and sales expenses

    securities $584,409 · other assets $1,290,143

  • 7c · Gain or loss

    securities $188,927 · other assets $184,744

  • 7d · Net gain or loss

    total $373,671 · excluded $373,671

  • 8a · Fundraising events: gross income

    $44,000

  • 8a · Fundraising events: contributions included on line 1c

    $102,557

  • 8b · Fundraising events: direct expenses

    $59,716

  • 8c · Net income from fundraising events

    total -$15,716 · excluded -$15,716

  • 11a · Other revenue: MANAGEMENT FEE VFMA

    total $691,680 · excluded $691,680

  • 11b · Other revenue: OTHER INCOME

    total $623,667 · excluded $623,667

  • 11e · Other revenue, total

    $1,315,347

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,611,259 · program services $1,611,259

  • 5 · Compensation of officers, directors and key employees

    total $409,780 · management and general $409,780

  • 7 · Other salaries and wages

    total $3,360,218 · program services $1,418,542 · management and general $1,705,394 · fundraising $236,282

  • 9 · Other employee benefits

    total $258,872 · program services $71,446 · management and general $167,581 · fundraising $19,845

  • 11a · Fees: management

    total $232,591 · management and general $232,591

  • 11c · Fees: accounting

    total $89,830 · management and general $89,830

  • 11f · Fees: investment management

    total $154,209 · management and general $154,209

  • 11g · Fees: other

    total $1,071,145 · program services $200,583 · management and general $864,563 · fundraising $5,999

  • 12 · Advertising and promotion

    total $75,322 · management and general $75,322

  • 13 · Office expenses

    total $771,265 · program services $151,804 · management and general $568,547 · fundraising $50,914

  • 14 · Information technology

    total $24,275 · management and general $24,275

  • 17 · Travel

    total $29,419 · program services $11,419 · management and general $14,344 · fundraising $3,656

  • 20 · Interest

    total $432,703 · management and general $432,703

  • 22 · Depreciation, depletion and amortization

    total $1,372,105 · management and general $1,372,105

  • 23 · Insurance

    total $685,906 · management and general $685,906

  • 24a · Other expenses: CREDIT LOSS/(RECOVERY)

    total $2,278,202 · management and general $2,278,202

  • 24b · Other expenses: FOOD SERVICE

    total $592,610 · program services $592,610

  • 24c · Other expenses: UTILITIES

    total $494,987 · management and general $494,987

  • 24d · Other expenses: STUDENT PROGRAMS

    total $90,224 · program services $67,110 · management and general $11,371 · fundraising $11,743

  • 24e · All other expenses

    total $132,072 · program services $1,576,509 · management and general -$1,691,315 · fundraising $246,878

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $329,010 · end of year $358,756

  • 4 · Accounts receivable

    beginning of year $44,478 · end of year $301,736

  • 7 · Other notes and loans receivable

    beginning of year $4,500,000

  • 8 · Inventories for sale or use

    beginning of year $100,944 · end of year $159,717

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,152,299 · end of year $1,164,331

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

    $60,211,923

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

    $41,921,011

  • 10c · Land, buildings and equipment, net

    beginning of year $18,079,943 · end of year $18,290,912

  • 11 · Investments: publicly traded securities

    beginning of year $8,358,460 · end of year $7,928,095

  • 15 · Other assets

    beginning of year $13,153,407 · end of year $13,651,150

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,878,633 · end of year $3,209,355

  • 19 · Deferred revenue

    beginning of year $1,625,969 · end of year $377,000

  • 22 · Loans and payables to officers and key people

    beginning of year $600,000 · end of year $600,000

  • 23 · Secured mortgages and notes payable

    beginning of year $5,722,581 · end of year $4,760,115

  • 27 · Net assets without donor restrictions

    beginning of year $8,564,991 · end of year $5,236,142

  • 28 · Net assets with donor restrictions

    beginning of year $26,326,367 · end of year $27,672,085

Mission and programs · 2024

Mission

TO EDUCATE CADETS, WITH IN AN ACADEMIC AND MILITARY ENVIRONMENT, TO BE FULLY PREPARED FOR THEIR RESPONSIBILITIES AS CITIZEN LEADERS WHO ARE MENTALLY ALERT, SOUND IN BODY, CONSIDERATE OF OTHERS AND POSSESSED OF LOVE OF GOD AND COUNTRY,HIGH MORAL STANDARDS AND STRONG CHARACTER TRAITS THAT WILL MAKE ALL A CREDIT TO THEMSELVES, THEIR FAMILIES, THEIR ALMA MATER, THEIR COUNTRY, AND THEIR GOD.

Activities or mission (Part I)

EDUCATIONAL INSTITUTION FOCUSED ON BUILDING LEADERSHIP THROUGH A MILITARY ENVIRONMENT .

  • VALLEY FORGE PROVIDES CADETS WITH AN EDUCATIONAL EXPERIENCE BUILT ON OUR FIVE CORNERSTONES: ACADEMIC EXCELLENCE, CHARACTER DEVELOPMENT, PERSONAL MOTIVATION, PHYSICAL DEVELOPMENT, AND LEADERSHIP. A VALLEY FORGE EDUCATION IS ROOTED IN QUALITY ACADEMIC PROGRAMS SUPPORTED BY LEADERSHIP RESPONSIBILITIES AND STRONG ATHLETIC AND EXTRACURRICULAR OPPORTUNITIES. THE ACADEMY HOSTED 88 STUDENTS DURING THE YEAR.

    Expenses $5,701,282 · Grants $1,611,259 · Revenue $5,925,442

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John English

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Col Joseph A Bartasius

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Col Kenneth M Detreux

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • William R Floyd Jr End 022025

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Kelton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr William H Martoccia Jr End 04202

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Conrad E Muhly IV

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Christine Anne Royce

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Tratt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alois Rubenbauer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jorin C Lintzenich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Col Stuart Helgeson

    PRESIDENT

    Total calculated
    $248,411
    From this org
    $232,923
    From related orgs
    $0
    Other
    $15,488
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,923
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,488
    Filer's total
    $248,411

  • John Lanetti

    CHIEF FINANCIAL OFFICER

    Total calculated
    $161,369
    From this org
    $155,769
    From related orgs
    $0
    Other
    $5,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,769
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,600
    Filer's total
    $161,369

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study

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

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • (2) CHARITABLE REMAINDER UNITRUSTS

    T · INVESTMENTS · PA

  • (1) CHARITABLE REMAINDER UNITRUST

    T · INVESTMENTS · PA

  • (3) CHARITABLE REMAINDER UNITRUST

    T · INVESTMENTS · PA

Provenance

Return type
form_990
Tax year
2024
Filed
23 April 2026
IRS schema version
2024v5.5
Source object
202621139349301907

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.