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← VALLEY FORGE MILITARY ACADEMY FOUNDATION

Form 990 for tax year 2022

Filed by VALLEY FORGE MILITARY ACADEMY FOUNDATION.

Totals

Total revenue
$23,193,972
Total expenses
$18,866,734
Contributions and grants received
$3,238,403
Grants paid
$3,146,054
Program service revenue
$10,307,118
Investment income
$9,289,366
Other revenue
$359,085
Total assets, end of year
$43,710,785
Total liabilities, end of year
$10,619,090
Net assets or fund balances, end of year
$33,091,695
Program services expenses (Part IX)
$12,270,664
Management and general expenses
$6,061,182
Fundraising expenses
$534,888
Program service expenses (Part III)
$12,270,664

Program services were 65.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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

  • WILLIAM R FLOYD JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK KELTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR WILLIAM H MARTOCCIA JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • J KENT MCNEW

    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

  • GEORGE H SCHILDGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN TRATT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • COL STUART HELGESON

    PRESIDENT

    Total calculated
    $223,335
    From this org
    $188,364
    From related orgs
    $0
    Other
    $34,971
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,364
    Bonus
    $0
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $28,971
    Filer's total
    $223,335

  • ERIC SAUL 7122 TO 11722

    CHIEF FINANCIAL OFFICER

    Total calculated
    $154,946
    From this org
    $131,264
    From related orgs
    $0
    Other
    $23,682
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,264
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,682
    Filer's total
    $154,946

  • JOHN LANETTI 11722 TO 63023

    CHIEF FINANCIAL OFFICER

    Total calculated
    $19,390
    From this org
    $13,569
    From related orgs
    $0
    Other
    $5,821
    Hours/week
    40

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 · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 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
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349315859

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