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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Vmi Foundation

Vmi Foundation

Fiscal year ending 2024. Filed on November 15, 2024.

PO Box 932
Lexington, Virginia 24450

Vmi Foundation (EIN: 54-0505966) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2024 IRS Form 990 filing, Vmi Foundation, a 501(c)(3) charitable organization, reported compensation for 7 out of 28 total employees. Among the employees shown here, the average compensation is $166,646. The highest compensated employee at Vmi Foundation is David L Prasnicki with fiscal year 2024 compensation of $293,412.

Revenue, expenses, and employee compensation

Revenue

$26,268,516

Expenses

$25,973,445

Employee compensation

$1,701,719
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

David L Prasnicki
Chief Executive Officer
$293,412
$0 $278,012 $15,400
Crissy S Elliott
Chief Financial Officer
$212,684
$0 $178,639 $34,045
Gregory M Cavallaro
Senior Major GIFT Officer
$182,052
$151,765 No related comp$30,287
Meade B King
Chief Operating Officer
$158,479
$145,269 No related comp$13,210
Theresa I Conrad
Vice President, Development
$157,893
$157,387 No related comp$506
Kevin A Ryan
Financial Controller
$96,730
$0 $90,417 $6,313
Amy S Reid
Corporate Secretary
$65,271
$52,047 No related comp$13,224

Benchmark Employee Compensation

Non-Employee Board Members

Col Joseph P Moan
Board Member
Com Bree A Guiterman
Board Member
Dr Christopher R Gorman
Board Member
Ernesto V Sampson Jr
President
Lt Col Charles L Toomey
Board Member
Lt Gen Carl A Strock
Board Member
Mr Anthony U Moore
B2
Mr Daniel P Thornton
Board Member
Mr Daryl L Deke
Board Member
Mr Gale F Sommers
Board Member
Mr Garland Gray II
Board Member
Mr Glen N Jones
Board Member

Contractors

Northern Trust
Investment Management
$1,791,084

Mission Statement

FOR THE ADVANCEMENT, PROMOTION, ENCOURAGEMENT, WELFARE AND PROGRESS OF VIRGINIA MILITARY INSTITUTE (VMI), A STATE-SUPPORTED COLLEGE, AND ADVANCEMENT, WELFARE AND PROGRESS OF THE VMI ALUMNI ASSOCIATION, WHO ALSO SUPPORTS VMI IN CONJUNCTION WITH ALUMNI RELATIONS TO FURTHER SUPPORT.

Revisions to this organization profile

November 14, 2025:
2025 Vmi Foundation 990 filed
November 15, 2024:
2024 Vmi Foundation 990 filed
November 15, 2023:
2023 Vmi Foundation 990 filed

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