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Vmi Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 540505966 ✦ Lexington, VA ✦ Designated as a 501(c)(3)

Overview

What is Vmi Foundation?

The Vmi Foundation is a nonprofit organization dedicated to raising funds for the Virginia Military Institute (VMI), a state-supported college, and its affiliated alumni associations. Based in Lexington, Virginia, the foundation provides scholarships and other academic and athletic program support to VMI and its related alumni organizations. By focusing on the advancement, promotion, encouragement, welfare, and progress of VMI and its alumni, the foundation plays a crucial role in strengthening the educational institution. Through its efforts, the Vmi Foundation contributes to the success of VMI and its alumni community. Its team of 34 employees works diligently to raise essential funds and support the mission-driven initiatives of the organization.


Official website here: www.vmialumni.org

Is Vmi Foundation legitimate?

Vmi Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vmi Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $374,149
Professional Fundraising Fees: $0
Other Salaries and Wages: $908,184

For more financial information, click here


Official website here: www.vmialumni.org

What is the mission statement of Vmi Foundation?

The Vmi Foundation works towards advancing and supporting Virginia Military Institute (VMI), a state-supported college, and its affiliated alumni associations. Its mission encompasses the promotion and encouragement of VMI and its alumni association's welfare and progress. Funds raised by the foundation are allocated to providing academic and athletic program support to VMI and its related alumni associations, primarily through the provision of scholarships.


Official website here: www.vmialumni.org

Who is the CEO of Vmi Foundation?

Crissy S Elliott is the Board Member of Vmi Foundation. The CEO's salary of Vmi Foundation is $0 and their total compensation is $300,445.


Official website here: www.vmialumni.org

What is the revenue of Vmi Foundation?

Vmi Foundation's revenue in 2023 was $36,993,722.


Official website here: www.vmialumni.org

Who are the executives of Vmi Foundation and what are their salaries?

The average compensation at Vmi Foundation during 2023 was $37,716. There are 34 employees at Vmi Foundation.

Here are 32 key members and their salaries (Vmi Foundation's CEO's salary is $0 and their total compensation is $300,445):

    David L Prasnicki (Chief Executive Officer)
  • Compensation: $0
  • Related: $287,005
  • Other: $13,440

    • Crissy S Elliott (Chief Financial Officer)
  • Compensation: $0
  • Related: $188,184
  • Other: $29,573

    • Theresa I Conrad (Vice President Development)
  • Compensation: $154,394
  • Related: $0
  • Other: $506

    • Meade B King (Chief Operating Officer)
  • Compensation: $142,095
  • Related: $0
  • Other: $12,566

    • Amy S Reid (Corporate Secretary)
  • Compensation: $48,478
  • Related: $0
  • Other: $13,281

    • Daryl L Deke (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alexander M Earle Jr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John F Fick Iii (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard W Flowers (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen M Goddard (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher R Gorman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Garland Gray Ii (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Com Bree A Guiterman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glen N Jones (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kerry D Kirk (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kimber L Latsha (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bland Massie Jr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Johnathan A Mayo (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan T Moody (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony U Moore (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maj Elizabeth D Moskowitz (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kurt A Polk (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William G Robertson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ernesto V Sampson Jr (Vice President Of Administ) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lt Gen Carl A Strock (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sterling T Sweeney (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William L Taliaferro Jr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lt Col Charles L Toomey (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dorcas G Wilkinson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John P Williams (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elise G Woodworth (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas H Zarges (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.vmialumni.org

    Where can I find the form 990 for Vmi Foundation?

    The Vmi Foundation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.vmialumni.org

    Learn more at the official website: www.vmialumni.org

    Mission Statement of Vmi Foundation

    Vmi Foundation, a charitable organization, is dedicated to the betterment of Virginia Military Institute (VMI), a state-supported college, and its alumni association. By raising funds, Vmi Foundation advances, promotes, encourages, and supports VMI's educational and athletic programs. The foundation's efforts extend beyond the college, as it also works to enhance the welfare and progress of the VMI Alumni Association, an integral part of VMI's network that aids the institution through their association with the alma mater and alumni relations.

    The financial contributions made by Vmi Foundation play a significant role in the provision of scholarships and academic support to VMI and its affiliated alumni groups. These funds enable the school to continue offering quality education to students, ensuring they receive a well-rounded learning experience. By investing in the future of VMI and its alumni, the foundation fosters a strong sense of community and loyalty among its graduates, who in turn continue to contribute to the institution's growth and success.

    In essence, Vmi Foundation acts as a catalyst for progress, helping to maintain the excellence of Virginia Military Institute and fostering a thriving, dedicated community of alumni who support and enhance the institution's mission. Through its unwavering commitment to VMI and its alumni, the foundation plays a vital role in the continued success and development of this esteemed educational institution.

    Impact

    This information is meant to be a general summary of Vmi Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The VMI Foundation's impact lies in its crucial support for the Virginia Military Institute (VMI), a state-supported institution. By raising funds for scholarships and providing academic and athletic program support, the foundation directly contributes to the advancement and progress of VMI. Through its efforts, the foundation helps ensure that VMI can continue to excel in its mission of educating and developing future leaders.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $13,419,092
  • Program Service Revenue: $0
  • Gross Receipts: $36,993,722

    • Assets and Liabilities:
  • Total Assets: $584,168,697
  • Total Liabilities: $20,653,079
  • Net Assets: $563,515,618
  • Organization Details

    Founding Year

    1937

    Principal Officer

    Crissy S Elliott

    Main Address

    PO BOX 932, LEXINGTON, VA, 24450

    NTEE Category

    Code: B110 - Education

    If you are a representative of Vmi Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.