Totals
- Total revenue
- $5,535,814
- Total expenses
- $6,834,405
- Contributions and grants received
- $453,527
- Grants paid
- $2,217,934
- Program service revenue
- $0
- Investment income
- $1,349,516
- Other revenue
- $3,732,771
- Total assets, end of year
- $111,684,682
- Total liabilities, end of year
- $70,733,253
- Net assets or fund balances, end of year
- $40,951,429
- Program services expenses (Part IX)
- $3,127,157
- Management and general expenses
- $2,085,486
- Fundraising expenses
- $1,621,762
- Program service expenses (Part III)
- $3,127,157
Program services were 45.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
Mr Daniel P Thornton
Board Member
- Total calculated
- $0
- Hours/week
- 5 + 2 related
-
Mr Ernesto V Sampson Jr
Board Member
- Total calculated
- $0
- Hours/week
- 5 + 2 related
-
Mr Kelly M Sweppenhiser
Board Member
- Total calculated
- $0
- Hours/week
- 5 + 2 related
-
Mr Matthew R Hemenez
Chairman
- Total calculated
- $0
- Hours/week
- 5 + 2 related
-
Mr Thomas E Gottwald
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Mr William C Collier
Board Member
- Total calculated
- $0
- Hours/week
- 5 + 2 related
-
Mr William L Taliaferro Jr
Board Member
- Total calculated
- $0
- Hours/week
- 5 + 2 related
-
Crissy S Elliott
Chief Financial Officer
- Total calculated
- $216,271
- From this org
- $182,835
- From related orgs
- $0
- Other
- $33,436
- Hours/week
- 40 + 6 related
Schedule J breakdown matched by us
- Base
- $176,835
- Bonus
- $6,000
- Other
- $0
- Deferred
- $30,500
- Nontaxable benefits
- $2,936
- Filer's total
- $216,271
-
David L Prasnicki
Chief Executive Officer
- Total calculated
- $298,915
- From this org
- $280,759
- From related orgs
- $0
- Other
- $18,156
- Hours/week
- 40 + 6 related
Schedule J breakdown matched by us
- Base
- $272,259
- Bonus
- $8,500
- Other
- $0
- Deferred
- $14,000
- Nontaxable benefits
- $4,156
- Filer's total
- $298,915
-
Kevin A Ryan
Financial Controller
- Total calculated
- $168,110
- From this org
- $163,894
- From related orgs
- $0
- Other
- $4,216
- Hours/week
- 40 + 6 related
Schedule J breakdown matched by us
- Base
- $157,394
- Bonus
- $6,500
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $4,216
- Filer's total
- $168,110
-
Amy F Goetz
Chief Communications Officer
- Total calculated
- $148,704
- From this org
- $136,192
- From related orgs
- $0
- Other
- $12,512
- 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 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a Health or social club dues or initiation fees
- Type of Benefit: Health or social club dues or initiation fees Listed person who received the benefit: David L. Prasnicki CEO Was the benefit treated as taxable to listed person? yes
- Schedule J, 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
-
$2,217,934
VARIOUS PROGRAM SERVICES
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.
-
501(c)(3) · SUPPORT VIRGINIA MILITARY INSTITUTE, A STATE-SUPPORTED SCHOOL · VA
Directly controlled by na
-
501(c)(3) · Support intercollegiate athletic programs at VMI · VA
Directly controlled by na
-
501(c)(3) · Organize alumni into one association · VA
Directly controlled by na
-
501(c)(3) · College · VA
Directly controlled by na
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.1
- Source object
- 202543189349314129
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