Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $15,418,605

• 1g · Noncash contributions included above

  $998,084

• 2f · All other program service revenue

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

• 3 · Investment income

  total $10,882,334 · unrelated business $2,437,170 · excluded $8,445,164

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11a · Other revenue: Administration Fees

  total $416,946 · excluded $416,946

• 11d · All other revenue

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

• 11e · Other revenue, total

  $416,946

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $23,179,400 · program services $23,179,400

• 5 · Compensation of officers, directors and key employees

  total $398,219 · program services $79,644 · management and general $99,555 · fundraising $219,020

• 7 · Other salaries and wages

  total $895,823 · program services $179,165 · management and general $134,373 · fundraising $582,285

• 8 · Pension plan contributions

  total $122,221 · program services $24,444 · management and general $18,333 · fundraising $79,444

• 9 · Other employee benefits

  total $166,529 · program services $33,306 · management and general $24,979 · fundraising $108,244

• 10 · Payroll taxes

  total $99,992 · program services $19,998 · management and general $14,999 · fundraising $64,995

• 11f · Fees: investment management

  total $3,136,474 · management and general $3,136,474

• 11g · Fees: other

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

• 13 · Office expenses

  total $91,753 · program services $27,341 · management and general $9,176 · fundraising $55,236

• 17 · Travel

  total $93,430 · management and general $18,686 · fundraising $74,744

• 19 · Conferences, conventions and meetings

  total $27,536 · management and general $13,768 · fundraising $13,768

• 22 · Depreciation, depletion and amortization

  total $11,942 · management and general $11,942

• 24a · Other expenses: Dues and subscriptions

  total $1,593 · management and general $398 · fundraising $1,195

• 24b · Other expenses: Special functions

  total $10,304 · program services $2,061 · management and general $1,030 · fundraising $7,213

• 24c · Other expenses: Fundraising and campaigns

  total $395,905 · fundraising $395,905

• 24d · Other expenses: Miscellaneous

  total $1,068 · management and general $801 · fundraising $267

• 24e · All other expenses

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

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $26,743,300 · end of year $31,439,046

• 3 · Pledges and grants receivable

  beginning of year $8,911,418 · end of year $6,283,340

• 4 · Accounts receivable

  beginning of year $2,641,987 · end of year $2,502,025

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

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

  $874,225

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

  $872,480

• 10c · Land, buildings and equipment, net

  beginning of year $13,686 · end of year $1,745

• 12 · Investments: other securities

  beginning of year $600,547,661 · end of year $647,872,770

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $3,228,799 · end of year $3,244,943

• 17 · Accounts payable and accrued expenses

  end of year $319,528

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $24,317,716 · end of year $27,603,195

• 27 · Net assets without donor restrictions

  beginning of year $109,995,095 · end of year $109,995,095

• 28 · Net assets with donor restrictions

  beginning of year $507,774,040 · end of year $553,426,051

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions

Travel expenses for companions are reimbursed to the organization.

Schedule J, Part I, Line 3

THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT REVIEWS ALL SALARIES. COMPARATIVE DATA IS SUPPLIED FOR ALL POSITIONS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• VMI INVESTMENT HOLDINGS LLC

  ACQUIRE, HOLD AND DISPOSE OF INVESTMENTs, to include affiliated NFP ENTITIES · VA · income $0 · assets $0

  Directly controlled by VMI Foundation