Nonprofit · EIN 51-0249313
VMRC FOUNDATION INC
Tax-exempt · HARRISONBURG, VA 22802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $4,044,084 | $1,271,286 | $2,772,798 | $40,084,455 | $11,562,785 | $28,521,670 |
| March 31, 2024 | 990 | $2,188,641 | $952,109 | $1,236,532 | $37,933,808 | $11,648,966 | $26,284,842 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $1,343,176
- Program service revenue
- $0
- Investment income
- $2,716,185
- Net gain from sales of assets
- $1,591,777
- Net income from fundraising events
- -$15,277
- Other revenue
- -$15,277
Expenses
- Grants and similar amounts paid
- $858,430
- Other salaries and wages
- $169,678
- Salaries, compensation and benefits (total)
- $196,251
- Professional fundraising fees
- $0
- Accounting fees
- $7,500
- Occupancy
- $2,700
- Travel
- $3,386
- Program services (functional)
- $858,430
- Management and general (functional)
- $11,821
- Fundraising (functional)
- $401,035
Balance sheet and other
- Total assets, start of year
- $37,933,808
- Total assets, end of year
- $40,084,455
- Total liabilities, end of year
- $11,562,785
- Net assets, end of year
- $28,521,670
- Publicly traded securities
- $39,953,289
- Net assets without donor restrictions
- $13,831,721
- Net assets with donor restrictions
- $14,689,949
- Gross receipts
- $18,018,956
- Employees
- 3
- Volunteers
- 70
- Year formed
- 1980
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAKE BELL | CEO Officer | – | $0 | $234,345 | $61,455 |
| MIKE PIPER | CFO Officer | – | $0 | $212,215 | $22,443 |
| KATHY ARMENTROUT | CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| LAURA EVANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GERALD HERSHEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ALDEN HOSTETTER | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| JOHN KNEPPER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MERV WEBB | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HUGH WESTFALL | VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| HUGH WESTFALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended March 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MIKE PIPER | CFO Officer | – | $0 | $188,524 | $19,349 |
| TROY SNYDER | FORMER CEO Former | – | $0 | $185,418 | $16,573 |
| KATHY ARMENTROUT | CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| KELLY BLOSSER | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LAURA EVANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GERALD HERSHEY | BOARD MEMBER Trustee or director | – | $0 | $0 | $0 |
| ALDEN HOSTETTER | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| DEBRA KING | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN KNEPPER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MERV WEBB | BOARD MEMBER Trustee or director | – | $0 | $0 | $0 |
| HUGH WESTFALL | VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| HUGH WESTFALL | BOARD MEMBER Trustee or director | – | $0 | $0 | $0 |
| J DAVID YODER | INTERIM CEO Trustee or director | – | $0 | $0 | $0 |
| JAKE BELL | CEO Officer | – | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1501 VIRGINIA AVE, HARRISONBURG, VA 22802-2452
- Principal officer (990 for 2024)
- JAKE BELL
- Signed the 990
- MIKE PIPER, CFO
- Phone
- (540) 564-3400
- Website
- WWW.VMRC.ORG
- Return prepared by
- BEACHY AREHART PLLC
Mission
WE ARE A CHRIST-CENTERED COMMUNITY CULTIVATING COMPASSION, INTEGRITY AND RESPECT FOR AGING WELL AND LIVING FULLY.
Program accomplishments
- FUNDRAISING PROGRAMS: FINANCIAL SUPPORT AND INVESTMENT SERVICES FOR 501(C) (3) ORGANIZATIONS IN A RETIREMENT COMMUNITY.Expenses $858,430 · grants $858,430
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0249313
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P75)
- Assets (IRS master file)
- $40,084,455
- Income (IRS master file)
- $18,018,956
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $4,044,084 | $1,271,286 | $40,084,455 | XML |
| 990 | March 2024 | $2,188,641 | $952,109 | $37,933,808 | XML |
| 990 | March 2023 | $2,016,493 | $1,012,555 | $32,618,242 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0249313).
Questions about VMRC FOUNDATION INC
- What is the EIN of VMRC FOUNDATION INC?
- The employer identification number (EIN) of VMRC FOUNDATION INC is 51-0249313.
- Is VMRC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to VMRC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VMRC FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VMRC FOUNDATION INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VMRC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of VMRC FOUNDATION INC?
- The 990 for the year ended March 31, 2025 names JAKE BELL.
- Who are the officers and directors of VMRC FOUNDATION INC?
- The 990 for the year ended March 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does VMRC FOUNDATION INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $4,044,084, expenses of $1,271,286 and total assets of $40,084,455 at year end.
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