2026-04-23T16:07:09-05:00 2025-06-30 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2024-07-01 231178880 VALLEY FORGE MILITARY ACADEMY FOUNDATION VALL 6109891200 1001 EAGLE ROAD WAYNE PA 19087 JOHN LANETTI JR CHIEF FINANCIAL OFFICER & TREA 6109891200 2026-04-23 1 1 KATIE O GALASKA P01211168 2154414600 2024 2025-03-06 01:10:19Z COL STUART B HELGESON 1001 EAGLE ROAD WAYNE PA 19087 11819388 0 X WWW.VFMAC.EDU X 1928 PA EDUCATIONAL INSTITUTION FOCUSED ON BUILDING LEADERSHIP THROUGH A MILITARY ENVIRONMENT . 9 9 92 6 -43545 0 4088040 1956512 5483682 5925442 702914 663624 954420 1256086 11229056 9801664 1465016 1611259 0 0 3844584 4028870 0 0 575317 5661828 8526865 10971428 14166994 257628 -4365330 45718541 41854697 10827183 8946470 34891358 32908227 X TO EDUCATE CADETS, WITH IN AN ACADEMIC AND MILITARY ENVIRONMENT, TO BE FULLY PREPARED FOR THEIR RESPONSIBILITIES AS CITIZEN LEADERS WHO ARE MENTALLY ALERT, SOUND IN BODY, CONSIDERATE OF OTHERS AND POSSESSED OF LOVE OF GOD AND COUNTRY,HIGH MORAL STANDARDS AND STRONG CHARACTER TRAITS THAT WILL MAKE ALL A CREDIT TO THEMSELVES, THEIR FAMILIES, THEIR ALMA MATER, THEIR COUNTRY, AND THEIR GOD. 0 0 5701282 1611259 5925442 VALLEY FORGE PROVIDES CADETS WITH AN EDUCATIONAL EXPERIENCE BUILT ON OUR FIVE CORNERSTONES: ACADEMIC EXCELLENCE, CHARACTER DEVELOPMENT, PERSONAL MOTIVATION, PHYSICAL DEVELOPMENT, AND LEADERSHIP. A VALLEY FORGE EDUCATION IS ROOTED IN QUALITY ACADEMIC PROGRAMS SUPPORTED BY LEADERSHIP RESPONSIBILITIES AND STRONG ATHLETIC AND EXTRACURRICULAR OPPORTUNITIES. THE ACADEMY HOSTED 88 STUDENTS DURING THE YEAR. 5701282 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 9 0 92 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JOHN LANETTI CFO 6109891200 1001 EAGLE ROAD WAYNE PA 19087 JOHN ENGLISH CHAIRMAN 1.00 X X 0 0 0 COL JOSEPH A BARTASIUS BOARD MEMBER 1.00 X 0 0 0 COL KENNETH M DETREUX BOARD MEMBER 1.00 X 0 0 0 WILLIAM R FLOYD JR END 022025 BOARD MEMBER 1.00 X 0 0 0 MARK KELTON BOARD MEMBER 1.00 X 0 0 0 DR WILLIAM H MARTOCCIA JR END 04202 BOARD MEMBER 1.00 X 0 0 0 CONRAD E MUHLY IV BOARD MEMBER 1.00 X 0 0 0 DR CHRISTINE ANNE ROYCE BOARD MEMBER 1.00 X 0 0 0 JONATHAN TRATT BOARD MEMBER 1.00 X 0 0 0 ALOIS RUBENBAUER BOARD MEMBER 1.00 X 0 0 0 JORIN C LINTZENICH BOARD MEMBER 1.00 X 0 0 0 COL STUART HELGESON PRESIDENT 40.00 X 232923 0 15488 JOHN LANETTI CHIEF FINANCIAL OFFICER 40.00 X 155769 0 5600 388692 0 21088 2 0 1 0 CULINART GROUP 150 GORDON DRIVE EXTON PA 19341 FOOD SERVICE 1374196 RPC SERVICE LLC 5151 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 CONSTRUCTION 502440 ROCKWELL CUSTOM 5151 WEST CHESTER PIKE MEDIA PA 19063 CONSTRUCTION 408171 MAIN LINE JANITORIAL SERVICE INC 4438 LOBELLA COURT CHESTER SPRINGS PA 19425 JANITORIAL SERVICES 273992 RADNOR TOWNSHIP SCHOOL DISTRICT 135 SOUTH WAYNE AVENUE WAYNE PA 19087 PILOT PROGRAM 249956 7 102557 887827 966128 6184 1956512 TUITION AND FEES 611600 4284899 4284899 FACILITIES RENTAL VFMA 611600 800000 800000 SUMMER CAMP PROGRAM 611600 408704 408704 FIELD RENTALS - SUMMER CAMP 611600 280100 280100 FACILITIES RENTAL 611600 151739 151739 5925442 289953 289953 39911 83456 -43545 -43545 -43545 773336 1474887 584409 1290143 188927 184744 373671 373671 44000 102557 59716 -15716 -15716 MANAGEMENT FEE VFMA 900099 691680 691680 OTHER INCOME 900099 623667 623667 1315347 9801664 5925442 -43545 1963255 1611259 1611259 409780 409780 3360218 1418542 1705394 236282 258872 71446 167581 19845 232591 232591 89830 89830 154209 154209 1071145 200583 864563 5999 75322 75322 771265 151804 568547 50914 24275 24275 29419 11419 14344 3656 432703 432703 1372105 1372105 685906 685906 CREDIT LOSS/(RECOVERY) 2278202 2278202 FOOD SERVICE 592610 592610 UTILITIES 494987 494987 STUDENT PROGRAMS 90224 67110 11371 11743 132072 1576509 -1691315 246878 14166994 5701282 7890395 575317 329010 358756 44478 301736 4500000 100944 159717 1152299 1164331 60211923 41921011 18079943 18290912 8358460 7928095 13153407 13651150 45718541 41854697 2878633 3209355 1625969 377000 600000 600000 5722581 4760115 10827183 8946470 X 8564991 5236142 26326367 27672085 34891358 32908227 45718541 41854697 X -4365330 1341957 1040242 X X 1 X 0 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10837272 526666 387895 607795 11144038 9824440 1298904 333928 620000 10837272 10548347 45300 469316 750000 488523 9824440 12135210 62470 -576333 973000 100000 10548347 11258900 34235 1839650 683300 314275 12135210 0.00106 0.99893 1 0 1086614 1086614 50603567 34803648 15799919 7547309 7117363 429946 974433 974433 18290912 INTEREST IN CHARITABLE REMAINDER TRUSTS 1437335 INTEREST IN PERPETUAL CHARITABLE TRUSTS 12213815 13651150 X 10553379 1341957 51528 1123698 2517183 8036196 154209 1611259 1765468 9801664 12536510 51528 83456 134984 12401526 154209 1611259 1765468 14166994 PART X, LINE 2: THE FOUNDATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(1) OF THE IRC. NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FOR THE YEARS ENDED JUNE 30, 2025, THE FOUNDATION DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN, WHICH WOULD REQUIRE ADJUSTMENT TO OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS POTENTIALLY SUBJECT TO FEDERAL, STATE, AND LOCAL EXAMINATIONS FOR YEARS SUBSEQUENT TO JUNE 30, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS -218,546. CHANGE IN VALUE OF PERPETUAL CHARITABLE TRUSTS 1,258,788. RENTAL EXPENSES 83,456. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,611,259. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 83,456. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,611,259. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISING INCLUDES THE REQUIRED STATEMENTS REGARDING OUR RACIAL NONDISCRIMINATORY POLICY IN BOTH PRINT AND RADIO. SCHEDULE E, PART I, LINE 6 VALLEY FORGE MILITARY ACADEMY AND COLLEGE RECEIVES A GRANT THROUGH THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY INSTITUTIONAL ASSIST GRANT PROGRAM. 1 VARIOUS SCHOLARSHIPS AND AWARDS 88 1611259 PART I, LINE 2: VF AWARDS INTERNAL MERIT SCHOLARSHIPS BASED ON THE CADET'S GRADES (GPA) FROM HIS/HER PREVIOUS SCHOOL AND FINANCIAL NEED. THERE IS A MATRIX USED TO DETERMINE THE AMOUNT TO BE AWARDED TO EACH CADET. THERE ARE ALSO AID AWARDS WHICH ARE BASED ON SUBMITTED FAFSA FORMS. BOTH FEDERAL AND STATE GOVERNMENTS HAVE CHARTS DETERMINING AID SUCH AS THROUGH PHEAA AND PELL GRANTS. 1 X X 0 0 0 0 0 0 0 0 0 COL STUART HELGESON PRESIDENT 232923 0 0 0 0 0 0 0 15488 0 248411 0 0 0 JOHN LANETTI CHIEF FINANCIAL OFFICER 155769 0 0 0 0 0 0 0 5600 0 161369 0 0 0 GEORGE H SCHILDGE TRUSTEE OPERATING CASH FLOW X 100000 100000 0 1 1 RICHARD A HOCKER FORMER TRUSTEE OPERATING CASH FLOW X 150000 150000 0 1 1 CONRAD E MUHLY IV TRUSTEE OPERATING CASH FLOW X 100000 100000 0 1 1 JONATHAN TRATT TRUSTEE OPERATING CASH FLOW X 250000 250000 0 1 1 600000 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION RECEIVES A COPY OF THE 990 FROM THE ACCOUNTING FIRM PREPARING THE RETURN. THE CFO REVIEWS THE 990. AFTER REVIEW BY THE CFO, THE FORM IS PRESENTED TO THE BUDGET, AUDIT AND FINANCE (BAF) COMMITTEE FOR ITS REVIEW, APPROVAL AND RECOMMENDATION. THEN, THE BAF COMMITTEE PRESENTS THE FORM TO THE FULL BOARD OF TRUSTEES FOR ITS REVIEW AND APPROVAL PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL QUESTIONNAIRE IS SENT TO ALL BOARD MEMBERS AND SENIOR STAFF MEMBERS DOCUMENTING WHETHER THEY ARE INVOLVED IN ANY BUSINESS WITH THE FOUNDATION THAT COULD BE CONSTRUED AS GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST. FAMILY AND BUSINESS RELATIONSHIPS ARE SPECIFICALLY INDICATED IN THE QUESTIONNAIRE AS BEING SOURCES OF POTENTIAL CONFLICTS. THESE QUESTIONNAIRES ARE SIGNED BY EACH BOARD MEMBER AND SENIOR STAFF MEMBER AND RETURNED TO THE FOUNDATION'S CFO FOR MONITORING OF POTENTIAL CONFLICTS. ANY TRANSACTIONS WITH AN INTERESTED PARTY ARE AT ARM'S LENGTH AND ARE DISCLOSED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR THE PRESIDENT USING VARIOUS METHODS THAT ENSURE THAT COMPENSATION IS IN LINE WITH THE FAIR MARKET RANGE FOR THE INDUSTRY. SURVEYS PROVIDED BY ORGANIZATIONS THAT SERVE AS CONSORTIUMS OF INDEPENDENT SCHOOLS ARE REFERENCED AND REVIEWED AS WELL AS FORMS 990 OF OTHER, SIMILAR ORGANIZATIONS. THE DISCUSSIONS AND DECISION BY THE EXECUTIVE COMMITTEE TAKE PLACE IN CLOSED SESSION, HOWEVER, THE PRESIDENT'S COMPENSATION PACKAGE IS DISCUSSED WITH AND PRESENTED TO THE BOARD PRIOR TO THE FINAL DECISION. OTHER KEY EMPLOYEES HAVE THEIR COMPENSATION PACKAGE RESEARCHED BY THE HUMAN RESOURCES DEPARTMENT INCLUDING COMPARISON WITH INDUSTRY STANDARDS. THESE PACKAGES ARE PRESENTED TO THE PRESIDENT FOR REVIEW AND FINAL APPROVAL AFTER DISCUSSIONS WITH THE BOARD PRIOR TO THE FINAL DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR THE PRESIDENT USING VARIOUS METHODS THAT ENSURE THAT COMPENSATION IS IN LINE WITH THE FAIR MARKET RANGE FOR THE INDUSTRY. SURVEYS PROVIDED BY ORGANIZATIONS THAT SERVE AS CONSORTIUMS OF INDEPENDENT SCHOOLS ARE REFERENCED AND REVIEWED AS WELL AS FORMS 990 OF OTHER, SIMILAR ORGANIZATIONS. THE DISCUSSIONS AND DECISION BY THE EXECUTIVE COMMITTEE TAKE PLACE IN CLOSED SESSION, HOWEVER, THE PRESIDENT'S COMPENSATION PACKAGE IS DISCUSSED WITH AND PRESENTED TO THE BOARD PRIOR TO THE FINAL DECISION. OTHER KEY EMPLOYEES HAVE THEIR COMPENSATION PACKAGE RESEARCHED BY THE HUMAN RESOURCES DEPARTMENT INCLUDING COMPARISON WITH INDUSTRY STANDARDS. THESE PACKAGES ARE PRESENTED TO THE PRESIDENT FOR REVIEW AND FINAL APPROVAL AFTER DISCUSSIONS WITH THE BOARD PRIOR TO THE FINAL DECISION. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF PERPETUAL CHARITABLE TRUSTS 1,258,788. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS -218,546. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED IN THE CURRENT YEAR. (2) CHARITABLE REMAINDER UNITRUSTS 1001 EAGLE ROAD WAYNE PA 190873695 INVESTMENTS PA N/A T 0 (1) CHARITABLE REMAINDER UNITRUST 1001 EAGLE ROAD WAYNE PA 190873695 INVESTMENTS PA N/A T 0 (3) CHARITABLE REMAINDER UNITRUST 1001 EAGLE ROAD WAYNE PA 190873695 INVESTMENTS PA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0