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← V M I RESEARCH LABORATORIES

Form 990 for tax year 2024

Filed by V M I RESEARCH LABORATORIES.

Totals

Total revenue
$2,129,593
Total expenses
$2,152,999
Contributions and grants received
$1,991,875
Grants paid
$37,684
Program service revenue
$129,346
Investment income
$8,300
Other revenue
$72
Total assets, end of year
$2,025,981
Total liabilities, end of year
$1,149,588
Net assets or fund balances, end of year
$876,393
Program services expenses (Part IX)
$1,998,210
Management and general expenses
$154,789
Fundraising expenses
$0
Program service expenses (Part III)
$1,998,210

Program services were 92.8% 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.

  • 1e · Government grants (contributions)

    $1,991,875

  • 2a · Program service revenue: Education & Research

    total $129,346 · related or exempt $129,346

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $8,300 · excluded $8,300

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Other income

    total $72 · excluded $72

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $72

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $37,684 · program services $37,684

  • 5 · Compensation of officers, directors and key employees

    total $55,700 · management and general $55,700

  • 7 · Other salaries and wages

    total $743,382 · program services $743,382

  • 9 · Other employee benefits

    total $140,380 · program services $140,380

  • 10 · Payroll taxes

    total $171,499 · program services $167,600 · management and general $3,899

  • 11g · Fees: other

    total $558,046 · program services $552,170 · management and general $5,876 · fundraising $0

  • 13 · Office expenses

    total $14,856 · program services $13,379 · management and general $1,477

  • 14 · Information technology

    total $13,234 · program services $10,605 · management and general $2,629

  • 17 · Travel

    total $147,886 · program services $147,886

  • 22 · Depreciation, depletion and amortization

    total $38,265 · program services $38,265

  • 23 · Insurance

    total $1,773 · program services $1,773

  • 24a · Other expenses: Materials & Supplies

    total $211,082 · program services $126,610 · management and general $84,472

  • 24b · Other expenses: Other Expenses

    total $9,778 · program services $9,042 · management and general $736

  • 24c · Other expenses: Licenses and Permits

    total $9,434 · program services $9,434

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,305 · end of year $254,787

  • 2 · Savings and temporary cash investments

    beginning of year $378,912 · end of year $535,963

  • 3 · Pledges and grants receivable

    beginning of year $700,505 · end of year $530,850

  • 4 · Accounts receivable

    beginning of year $121,710 · end of year $120,507

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,196 · end of year $541

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

    $191,326

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

    $172,799

  • 10c · Land, buildings and equipment, net

    beginning of year $56,792 · end of year $18,527

  • 11 · Investments: publicly traded securities

    beginning of year $494,348 · end of year $564,806

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $124,645 · end of year $41,196

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $812,533 · end of year $1,108,392

  • 27 · Net assets without donor restrictions

    beginning of year $613,959 · end of year $721,035

  • 28 · Net assets with donor restrictions

    beginning of year $223,631 · end of year $155,358

Mission and programs · 2024

Mission

VMI RESEARCH LABS EXISTS TO SERVE AS THE RESEARCH AND DEVELOPMENT ARM OF THE VIRGINIA MILITARY INSTITUTE. ITS PURPOSE IS TO IMPROVE THE EFFECTIVENESS OF AND TO AID DIRECTLY OR INDIRECTLY VMI'S PRIME MISSION - EDUCATION OF THE UNDERGRADUATE STUDENT. (Continued on Schedule O)

Activities or mission (Part I)

Research and Educational Activities

  • PROJECTS IN COLLABORATION WITH THE UNITED STATES DEPARTMENT OF AGRICULTURE, THE UNITED STATES ARMY, THE UNITED STATES NAVY, THE UNITED STATES AIR FORCE, NASA, NSA, THE NATIONAL SCIENCE FOUNDATION, THE VIRGINIA DEPARTMENT OF WILDLIFE RESOURCES, THE UNIVERSITY OF WYOMING, COMMONWEALTH CYBER INITIATIVE, VIRGINIA ALLIANCE FOR SEMICONDUCTOR TECHNOLOGY, LOCAL GOVERNMENTS, OTHER NOT FOR PROFITS AND PRIVATE INDUSTRY.

    Expenses $1,750,014 · Revenue $129,346

  • EDUCATIONAL ACTIVITIES INCLUDING INTERNATIONAL INITIATIVES.

    Expenses $248,196 · Grants $37,684

As filed on the 2024 return.

Listed in Part VII

  • Abigail Dawson

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Wilson

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jose Gomez

    Chairman

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Bryant

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Sebastino

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Pat Griffin

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Eagle

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Tim Hodges

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Angie Fafatas

    Treasurer/ Contractual Officer

    Total calculated
    $46,700
    From this org
    $46,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

  • Anne Alerding

    Secreatary

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Wade E Bell

    Director of Research

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.1
Source object
202611349349305451

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