Nonprofit · EIN 54-1429093
VMI ALUMNI AGENCIES BOARD INC
Tax-exempt · LEXINGTON, VA 24450
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,535,814 | $6,834,405 | -$1,298,591 | $111,684,682 | $70,733,253 | $40,951,429 |
| June 30, 2024 | 990 | $5,457,565 | $6,124,475 | -$666,910 | $103,560,005 | $67,124,287 | $36,435,718 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $453,527
- Program service revenue
- $0
- Investment income
- $1,349,516
- Other revenue
- $3,732,771
Expenses
- Grants and similar amounts paid
- $2,217,934
- Compensation of officers, directors and key employees
- $713,775
- Other salaries and wages
- $1,434,946
- Salaries, compensation and benefits (total)
- $2,813,617
- Professional fundraising fees
- $0
- Legal fees
- $41,814
- Accounting fees
- $106,470
- Travel
- $28,289
- Depreciation
- $5,250
- Program services (functional)
- $3,127,157
- Management and general (functional)
- $2,085,486
- Fundraising (functional)
- $1,621,762
Balance sheet and other
- Total assets, start of year
- $103,560,005
- Total assets, end of year
- $111,684,682
- Total liabilities, end of year
- $70,733,253
- Net assets, end of year
- $40,951,429
- Land, buildings and equipment
- $10,932
- Net assets without donor restrictions
- $17,748,556
- Net assets with donor restrictions
- $23,202,873
- Gross receipts
- $5,535,814
- Employees
- 24
- Volunteers
- 0
- Year formed
- 1978
- 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 | Other / benefits |
|---|---|---|---|---|
| David L Prasnicki | Chief Executive Officer Officer | 40 | $280,759 | $18,156 |
| Crissy S Elliott | Chief Financial Officer Officer | 40 | $182,835 | $33,436 |
| Kevin A Ryan | Financial Controller Officer | 40 | $163,894 | $4,216 |
| Amy F Goetz | Chief Communications Officer Highest-paid employee | 40 | $136,192 | $12,512 |
| Mr Daniel P Thornton | Board Member Trustee or director | 5 | $0 | $0 |
| Mr Ernesto V Sampson Jr | Board Member Trustee or director | 5 | $0 | $0 |
| Mr Kelly M Sweppenhiser | Board Member Trustee or director | 5 | $0 | $0 |
| Mr Matthew R Hemenez | Chairman Trustee or director | 5 | $0 | $0 |
| Mr Thomas E Gottwald | Board Member Trustee or director | 5 | $0 | $0 |
| Mr William C Collier | Board Member Trustee or director | 5 | $0 | $0 |
| Mr William L Taliaferro Jr | Board Member Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID L PRASNICKI | CHIEF EXECUTIVE OFFICER Officer | 40 | $278,012 | $15,400 |
| CRISSY S ELLIOTT | CHIEF FINANCIAL OFFICER Officer | 40 | $178,639 | $34,045 |
| AMY F GOETZ | CHIEF COMMUNICATIONS OFFIC Officer | 40 | $122,134 | $9,801 |
| KEVIN A RYAN | FINANCIAL CONTROLLER Officer | 40 | $90,417 | $6,313 |
| MR DANIEL P THORNTON | CHAIRMAN Trustee or director | 5 | $0 | $0 |
| MR HUGH M FAIN III | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| MR MATTHEW R HEMENEZ | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| MR ANTHONY U MOORE | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| MR ERNESTO V SAMPSON JR | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| MR WILLIAM L TALIAFERRO JR | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| MR ANDRE W THORNTON | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 932, LEXINGTON, VA 24450-0932
- In care of
- % VIRGINIA MILITARY INSTITUTE
- Principal officer (990 for 2024)
- Crissy S Elliott, PO BOX 932, Lexington, VA 24450
- Signed the 990
- Crissy S Elliott, Chief Financial Officer
- Phone
- (540) 464-7383
- Website
- www.vmialumni.org
- Return prepared by
- Forvis Mazars LLP
Mission
THE PURPOSE OF VMI alumni agencies board IS TO SUPPORT VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED SCHOOL, BY COORDINATING DEVELOPMENT AND FUNDRAISING EFFORTS CONDUCTED ON BEHALF OF THE INSTITUTE, PLANNING, ORGANIZING, AND CONDUCTING THE VMI CAMPAIGN.
Program accomplishments
- All program services were for the support of VMIExpenses $3,127,157 · grants $2,217,934
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
- 54-1429093
- 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
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $111,684,682
- Income (IRS master file)
- $5,535,814
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,535,814 | $6,834,405 | $111,684,682 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $5,457,565 | $6,124,475 | $103,560,005 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $5,519,621 | $16,878,080 | $94,289,341 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | 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 54-1429093).
Questions about VMI ALUMNI AGENCIES BOARD INC
- What is the EIN of VMI ALUMNI AGENCIES BOARD INC?
- The employer identification number (EIN) of VMI ALUMNI AGENCIES BOARD INC is 54-1429093.
- Is VMI ALUMNI AGENCIES BOARD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to VMI ALUMNI AGENCIES BOARD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VMI ALUMNI AGENCIES BOARD 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 VMI ALUMNI AGENCIES BOARD INC 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 VMI ALUMNI AGENCIES BOARD INC 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 VMI ALUMNI AGENCIES BOARD INC?
- The 990 for the year ended June 30, 2025 names Crissy S Elliott.
- Who are the officers and directors of VMI ALUMNI AGENCIES BOARD INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 4 received compensation from the organization, the highest $280,759 (David L Prasnicki, Chief Executive Officer).
- How much revenue does VMI ALUMNI AGENCIES BOARD INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,535,814, expenses of $6,834,405 and total assets of $111,684,682 at year end.
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