Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,000,024

• 5 · Royalties

  total $1,298 · excluded $1,298

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $58,267 · program services $58,267

• 5 · Compensation of officers, directors and key employees

  total $106,710 · program services $53,355 · management and general $53,355

• 7 · Other salaries and wages

  total $301,140 · program services $148,219 · management and general $152,921

• 8 · Pension plan contributions

  total $16,747 · program services $8,373 · management and general $8,374

• 9 · Other employee benefits

  total $62,965 · program services $31,482 · management and general $31,483

• 10 · Payroll taxes

  total $30,877 · program services $15,438 · management and general $15,439

• 11b · Fees: legal

  total $58,415 · management and general $58,415

• 11g · Fees: other

  total $4,972 · management and general $497 · fundraising $4,475

• 12 · Advertising and promotion

  total $42,525 · fundraising $42,525

• 13 · Office expenses

  total $40,416 · program services $24,649 · management and general $15,767

• 17 · Travel

  total $20,584 · program services $10,292 · management and general $10,292

• 22 · Depreciation, depletion and amortization

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

• 24a · Other expenses: ALUMNI EVENTS

  total $123,638 · program services $98,910 · management and general $24,728

• 24b · Other expenses: SPECIAL FUNCTIONS

  total $120,694 · program services $24,139 · management and general $12,069 · fundraising $84,486

• 24c · Other expenses: LAUNDRY

  total $6,269 · management and general $6,269

• 24d · Other expenses: MISCELLANEOUS

  total $4,034 · program services $2,663 · management and general $1,371

• 24e · All other expenses

  total $415 · management and general $415

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $21,980

• 4 · Accounts receivable

  beginning of year $33,090 · end of year $28,614

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

  $69,964

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

  $64,280

• 10c · Land, buildings and equipment, net

  beginning of year $7,039 · end of year $5,684

• 15 · Other assets

  beginning of year $3,861,731 · end of year $524,831

• 17 · Accounts payable and accrued expenses

  beginning of year $3,736,050 · end of year $414,000

• 27 · Net assets without donor restrictions

  beginning of year $165,810 · end of year $167,109

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.