Nonprofit · EIN 54-0737652
V M I RESEARCH LABORATORIES
Tax-exempt · LEXINGTON, VA 24450
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,129,593 | $2,152,999 | -$23,406 | $2,025,981 | $1,149,588 | $876,393 |
| June 30, 2024 | 990 | $3,051,078 | $3,087,521 | -$36,443 | $1,774,768 | $937,178 | $837,590 |
| June 30, 2023 | 990 | $2,414,533 | $2,644,048 | -$229,515 | $1,592,848 | $799,817 | $793,031 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,991,875
- of which government grants
- $1,991,875
- Program service revenue
- $129,346
- Investment income
- $8,300
- Other revenue
- $72
Expenses
- Grants and similar amounts paid
- $37,684
- Compensation of officers, directors and key employees
- $55,700
- Other salaries and wages
- $743,382
- Salaries, compensation and benefits (total)
- $1,110,961
- Professional fundraising fees
- $0
- Travel
- $147,886
- Depreciation
- $38,265
- Program services (functional)
- $1,998,210
- Management and general (functional)
- $154,789
Balance sheet and other
- Total assets, start of year
- $1,774,768
- Total assets, end of year
- $2,025,981
- Total liabilities, end of year
- $1,149,588
- Net assets, end of year
- $876,393
- Land, buildings and equipment
- $18,527
- Publicly traded securities
- $564,806
- Net assets without donor restrictions
- $721,035
- Net assets with donor restrictions
- $155,358
- Gross receipts
- $2,129,593
- Employees
- 61
- Volunteers
- 8
- Year formed
- 1963
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Angie Fafatas | Treasurer/ Contractual Officer Officer | 25 | $46,700 |
| Wade E Bell | Director of Research Officer | 1 | $6,600 |
| Anne Alerding | Secreatary Officer | 1 | $2,400 |
| Abigail Dawson | Director Trustee or director | 0.5 | $0 |
| Chris Wilson | Director Trustee or director | 0.5 | $0 |
| Jose Gomez | Chairman Trustee or director | 0.5 | $0 |
| Mark Bryant | Director Trustee or director | 0.5 | $0 |
| Michael Sebastino | Director Trustee or director | 0.5 | $0 |
| Pat Griffin | Director Trustee or director | 0.5 | $0 |
| Robert Eagle | Director Trustee or director | 0.5 | $0 |
| Tim Hodges | Director Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGIE FAFATAS | TREASURER/CONTRACTUAL OFFI Officer | 10 | $36,575 |
| WADE E BELL | DIRECTOR OF RESEARCH Officer | 1 | $6,600 |
| ANNE ALERDING | SECRETARY Officer | 1 | $2,400 |
| JOSE GOMEZ | CHAIRMAN Trustee or director | 0 | $0 |
| TIM HODGES | DIRECTOR Trustee or director | 0 | $0 |
| MARK BRYANT | DIRECTOR Trustee or director | 0 | $0 |
| TODD BRICKHOUSE | DIRECTOR Trustee or director | 0 | $0 |
| HAL SNYDER | DIRECTOR Trustee or director | 0 | $0 |
| PAT GRIFFIN | DIRECTOR Trustee or director | 0 | $0 |
| ROBERT EAGLE | DIRECTOR Trustee or director | 0 | $0 |
| ABIGAIL DAWSON | DIRECTOR Trustee or director | 0 | $0 |
| CHRIS WILSON | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGIE FAFATAS | TREASURER/CONTRACTUAL OFFI Officer | 10 | $24,116 |
| WADE E BELL | DIRECTOR OF RESEARCH Officer | 1 | $6,600 |
| ANNE ALERDING | SECRETARY Officer | 1 | $2,400 |
| CHARLES E EDGAR IV | CHAIRMAN Trustee or director | 0 | $0 |
| ELIZABETH KNAPP | DIRECTOR Trustee or director | 0 | $0 |
| MARK BRYANT | DIRECTOR Trustee or director | 0 | $0 |
| TODD BRICKHOUSE | DIRECTOR Trustee or director | 0 | $0 |
| HAL SNYDER | DIRECTOR Trustee or director | 0 | $0 |
| JOHN DANIEL | DIRECTOR Trustee or director | 0 | $0 |
| ROBERT EAGLE | DIRECTOR Trustee or director | 0 | $0 |
| JOSE GOMEZ | DIRECTOR Trustee or director | 0 | $0 |
| CHRIS WILSON | DIRECTOR Trustee or director | 0 | $0 |
| PAT GRIFFIN | DIRECTOR Trustee or director | 0 | $0 |
| ABIGAIL DAWSON | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- VIRGINIA MILITARY INSTITUTE, LEXINGTON, VA 24450-0000
- In care of
- % VIRGINIA MILITARY INSTITUTE
- Principal officer (990 for 2024)
- DAVID FEINAUER, Virginia Military Institute, Lexington, VA 24450
- Signed the 990
- DAVID FEINAUER, DIRECTOR OF RESEARCH
- Phone
- (540) 464-7432
- Website
- WWW.VMI.EDU/VMIRL
- Return prepared by
- Forvis Mazars LLP
Mission
VMI RESEARCH LABS EXISTS TO SERVE AS THE RESEARCH AND DEVELOPMENT ARM OF THE VIRGINIA MILITARY INSTITUTE. ITS PURPOSE IS TO IMPROVE THE EFFECTIVENESS OF AND TO AID DIRECTLY OR INDIRECTLY VMI'S PRIME MISSION - EDUCATION OF THE UNDERGRADUATE STUDENT. (Continued on Schedule O)
Program accomplishments
- PROJECTS IN COLLABORATION WITH THE UNITED STATES DEPARTMENT OF AGRICULTURE, THE UNITED STATES ARMY, THE UNITED STATES NAVY, THE UNITED STATES AIR FORCE, NASA, NSA, THE NATIONAL SCIENCE FOUNDATION, THE VIRGINIA DEPARTMENT OF WILDLIFE RESOURCES, THE UNIVERSITY OF WYOMING, COMMONWEALTH CYBER INITIATIVE, VIRGINIA ALLIANCE FOR SEMICONDUCTOR TECHNOLOGY, LOCAL GOVERNMENTS, OTHER NOT FOR PROFITS AND PRIVATE INDUSTRY.Expenses $1,750,014 · revenue $129,346
- EDUCATIONAL ACTIVITIES INCLUDING INTERNATIONAL INITIATIVES.Expenses $248,196 · grants $37,684
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-0737652
- 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
- 1967
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,025,981
- Income (IRS master file)
- $2,129,593
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,129,593 | $2,152,999 | $2,025,981 | IRS |
| 990 | June 2024 | $3,051,078 | $3,087,521 | $1,774,768 | IRS |
| 990 | June 2023 | $2,414,533 | $2,644,048 | $1,592,848 | XML |
| 990 | June 2022 | $2,417,352 | $2,214,267 | $1,533,902 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 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 54-0737652).
Questions about V M I RESEARCH LABORATORIES
- What is the EIN of V M I RESEARCH LABORATORIES?
- The employer identification number (EIN) of V M I RESEARCH LABORATORIES is 54-0737652.
- Is V M I RESEARCH LABORATORIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
- Are donations to V M I RESEARCH LABORATORIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does V M I RESEARCH LABORATORIES 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 V M I RESEARCH LABORATORIES due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did V M I RESEARCH LABORATORIES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of V M I RESEARCH LABORATORIES?
- The 990 for the year ended June 30, 2025 names DAVID FEINAUER.
- Who are the officers and directors of V M I RESEARCH LABORATORIES?
- The 990 for the year ended June 30, 2025 lists 11 people; 3 received compensation from the organization, the highest $46,700 (Angie Fafatas, Treasurer/ Contractual Officer).
- How much revenue does V M I RESEARCH LABORATORIES have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,129,593, expenses of $2,152,999 and total assets of $2,025,981 at year end.
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