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Nonprofiteer
← VMI ALUMNI AGENCIES BOARD INC

Form 990 for tax year 2023

Filed by VMI ALUMNI AGENCIES BOARD INC.

Totals

Total revenue
$5,457,565
Total expenses
$6,124,475
Contributions and grants received
$4,809
Grants paid
$1,760,529
Program service revenue
$0
Investment income
$1,741,552
Other revenue
$3,711,204
Total assets, end of year
$103,560,005
Total liabilities, end of year
$67,124,287
Net assets or fund balances, end of year
$36,435,718
Program services expenses (Part IX)
$2,677,189
Management and general expenses
$1,846,280
Fundraising expenses
$1,601,006
Program service expenses (Part III)
$2,677,189

Program services were 43.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MR DANIEL P THORNTON

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5 + 4 related

  • MR HUGH M FAIN III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MR MATTHEW R HEMENEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • MR ANTHONY U MOORE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • MR ERNESTO V SAMPSON JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 4 related

  • MR WILLIAM L TALIAFERRO JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • MR ANDRE W THORNTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • DAVID L PRASNICKI

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $293,412
    From this org
    $278,012
    From related orgs
    $0
    Other
    $15,400
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

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

  • CRISSY S ELLIOTT

    CHIEF FINANCIAL OFFICER

    Total calculated
    $212,684
    From this org
    $178,639
    From related orgs
    $0
    Other
    $34,045
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

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

  • AMY F GOETZ

    CHIEF COMMUNICATIONS OFFIC

    Total calculated
    $131,935
    From this org
    $122,134
    From related orgs
    $0
    Other
    $9,801
    Hours/week
    40 + 6 related

  • KEVIN A RYAN

    FINANCIAL CONTROLLER

    Total calculated
    $96,730
    From this org
    $90,417
    From related orgs
    $0
    Other
    $6,313
    Hours/week
    40 + 6 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
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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
TRAVEL EXPENSES FOR COMPANIONS ARE REIMBURSED TO THE ORGANIZATION. THERE WAS NOT ANY TRAVEL FOR COMPANIONS 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
202423209349320422

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