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Vmi Alumni Agencies Board Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$5.46M (2024)

Expenses
$6.12M (2024)

Total Assets
$104M (2024)

Total Liabilities
$67.1M (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,457,565
Expenses
$6,124,475
Net Income
-$666,910
Net Assets
$36,435,718
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,809
0.1%
Program Services $0
Investment Income $1,741,552
31.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,711,204
68.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $817,532
13.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,208,146
19.7%
Assets/Debt
Total Assets $103,560,005
Total Liabilities $67,124,287
Net Assets $36,435,718
Compensation
Key Employees and Officers Compensation Related Other
David L Prasnicki (Chief Executive Officer) $278,012 $0 $15,400
Crissy S Elliott (Chief Financial Officer) $178,639 $0 $34,045
Amy F Goetz (Chief Communications Offic) $122,134 $0 $9,801
Kevin A Ryan (Financial Controller) $90,417 $0 $6,313
Mr Daniel P Thornton (Chairman) $0 $0 $0
Mr Hugh M Fain Iii (Board Member) $0 $0 $0
Mr Matthew R Hemenez (Board Member) $0 $0 $0
Mr Anthony U Moore (Board Member) $0 $0 $0
Mr Ernesto V Sampson Jr (Board Member) $0 $0 $0
Mr William L Taliaferro Jr (Board Member) $0 $0 $0
Mr Andre W Thornton (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,519,621
Expenses
$16,878,080
Net Income
-$11,358,459
Net Assets
$30,372,852
Notable Sources of Revenue Percent of Total Revenue
Contributions $209,920
3.8%
Program Services $0
Investment Income $1,784,722
32.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,524,979
63.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $617,188
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,159,011
6.9%
Assets/Debt
Total Assets $94,289,341
Total Liabilities $63,916,489
Net Assets $30,372,852
Compensation
Key Employees and Officers Compensation Related Other
David L Prasnicki (Chief Executive Officer) $287,005 $0 $13,440
Crissy S Elliott (Chief Financial Officer) $188,184 $0 $29,573
Gregory M Cavallaro (Senior Major Gift Officer) $152,774 $0 $29,806
Amy F Goetz (Chief Communications Officer) $116,756 $0 $9,316
Hugh M Fain Iii (Board Member) $0 $0 $0
Matthew R Hemenez (Board Member) $0 $0 $0
Dr Bland Massie Jr (Board Member) $0 $0 $0
Anthony U Moore (Board Member) $0 $0 $0
Ernesto V Sampson Jr (Board Member) $0 $0 $0
Daniel P Thornton (Board Member) $0 $0 $0
Thomas Henry Zarges (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,873,805
Expenses
$6,673,465
Net Income
$4,200,340
Net Assets
$37,189,610
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,069,802
65.0%
Program Services $0
Investment Income $917,509
8.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$74,424
Net Inventory Sales $0
Other Revenue $2,960,918
27.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $735,867
11.0%
Professional Fundraising Fees $0
Other Salaries and Wages $981,742
14.7%
Assets/Debt
Total Assets $87,634,014
Total Liabilities $50,444,404
Net Assets $37,189,610
Compensation
Key Employees and Officers Compensation Related Other
Stephen M Maconi (Ceo Through 10/2021) $278,805 $0 $21,003
David L Prasnicki (Chief Executive Officer) $204,744 $0 $9,848
Gregory M Cavallaro (Senior Major Gift Officer) $148,375 $0 $29,123
Crissy S Elliott (Chief Financial Officer) $139,644 $0 $18,100
Amy F Goetz (Chief Communications Officer) $102,978 $0 $9,334
Thomas R Watjen (Board Member) $0 $0 $0
Anthony U Moore (Board Member) $0 $0 $0
John D Adams (Board Member) $0 $0 $0
Daniel P Thornton (Board Member) $0 $0 $0
Thomas Henry Zarges (Board Member) $0 $0 $0
Samuel N Stocks (Board Member) $0 $0 $0
Dr Bland Massie Jr (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,217,814
Expenses
$9,865,565
Net Income
-$4,647,751
Net Assets
$36,647,843
Notable Sources of Revenue Percent of Total Revenue
Contributions $922,294
17.7%
Program Services $0
Investment Income $1,121,192
21.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,174,328
60.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $803,633
8.1%
Professional Fundraising Fees $0
Other Salaries and Wages $967,611
9.8%
Assets/Debt
Total Assets $91,066,431
Total Liabilities $54,418,588
Net Assets $36,647,843
Compensation
Key Employees and Officers Compensation Related Other
Stephen M Maconi (Chief Executive Officer) $276,849 $0 $21,046
David L Prasnicki (Chief Financial Officer) $207,842 $0 $9,788
Gregory M Cavallaro (Senior Major Gift Officer) $162,407 $0 $29,223
Crissy S Elliott (Financial Controller) $153,166 $0 $14,217
Amy F Goetz (Chief Communications Officer) $106,754 $0 $9,133
Anthony U Moore (Board Member) $0 $0 $0
Gerald J Acuff Jr (Board Member) $0 $0 $0
Daniel P Thornton (Board Member) $0 $0 $0
Thomas Henry Zarges (Board Member) $0 $0 $0
Thomas R Watjen (Board Member) $0 $0 $0
Samuel N Stocks (Board Member) $0 $0 $0
Stephen E Hupp (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,824,882
Expenses
$6,584,068
Net Income
-$1,759,186
Net Assets
$18,813,587
Notable Sources of Revenue Percent of Total Revenue
Contributions $768,239
15.9%
Program Services $0
Investment Income $883,231
18.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,173,412
65.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $864,955
13.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,013,455
15.4%
Assets/Debt
Total Assets $79,392,561
Total Liabilities $60,578,974
Net Assets $18,813,587
Compensation
Key Employees and Officers Compensation Related Other
Stephen M Maconi (Chief Executive Officer) $260,260 $0 $18,596
David L Prasnicki (Chief Financial Officer) $183,873 $0 $7,088
Gregory M Cavallaro (Senior Major Gift Officer) $177,705 $0 $10,365
Crissy S Elliott (Financial Controller) $130,488 $0 $11,729
Asa H Page Iii (Board Member) $0 $0 $0
Gerald J Acuff Jr (Board Member) $0 $0 $0
Mr And Mrs Daniel P Thornton (Board Member) $0 $0 $0
Mr Thomas Henry Zarges (Board Member) $0 $0 $0
Mr Thomas R Watjen (Board Member) $0 $0 $0
Samuel N Stocks (Board Member) $0 $0 $0
Stephen E Hupp (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,165,337
Expenses
$7,266,625
Net Income
-$1,101,288
Net Assets
$21,570,727
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,114,062
50.5%
Program Services $0
Investment Income $833,309
13.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,217,966
36.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $744,137
10.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,151,966
15.9%
Assets/Debt
Total Assets $79,135,385
Total Liabilities $57,564,658
Net Assets $21,570,727

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,667,488
Expenses
$3,784,868
Net Income
-$2,117,380
Net Assets
$19,149,971
Notable Sources of Revenue Percent of Total Revenue
Contributions $863,629
51.8%
Program Services $0
Investment Income $803,859
48.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $78,318,792
Total Liabilities $59,168,821
Net Assets $19,149,971
Compensation
Key Employees and Officers Compensation Related Other
T Bryan Barton (Board Member) $0 $0 $0
Stephen E Hupp (Board Member) $0 $0 $0
Asa H Page Iii (Board Member) $0 $0 $0
Robert P Louthan (Board Member) $0 $0 $0
U Buzz Birzenieks (Board Member) $0 $0 $0
Gerald J Acuff Jr (Board Member) $0 $0 $0
Conrad M Hall (Board Member) $0 $0 $0
General Jh Binford Peay Iii (Superintendent Of Vmi) $0 $690,151 $63,029
Stephen M Maconi (Ceo/Secretary) $0 $193,894 $5,377
David L Prasnicki (Treasurer) $0 $173,859 $9,199
Crissy S Elliot (Financial Controller) $0 $123,637 $7,864
Theresa I Conrad (Vice President) $0 $116,535 $505

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,274,126
Expenses
$3,503,955
Net Income
-$2,229,829
Net Assets
$15,573,456
Notable Sources of Revenue Percent of Total Revenue
Contributions $669,158
52.5%
Program Services $0
Investment Income $604,968
47.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $74,381,653
Total Liabilities $58,808,197
Net Assets $15,573,456
Compensation
Key Employees and Officers Compensation Related Other
U Birzenieks (Board Member) $0 $0 $0
Warren J Bryan (Board Member) $0 $0 $0
Hugh M Fain Iii (Board Member) $0 $0 $0
Gen John P Jumper (Board Member) $0 $0 $0
Robert Louthan (Board Member) $0 $0 $0
General Jh Binford Peay Iii (Board Member) $0 $662,058 $59,016
David Prasnicki (Treasurer) $0 $178,345 $10,899

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,851,428
Expenses
$7,117,211
Net Income
-$4,265,783
Net Assets
$12,052,373
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,381,698
83.5%
Program Services $0
Investment Income $469,730
16.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $70,051,733
Total Liabilities $57,999,360
Net Assets $12,052,373
Compensation
Key Employees and Officers Compensation Related Other
George P Ramsey Iii (Board Member) $0 $0 $0
Edgar Jt Perrow Jr (Board Member) $0 $0 $0
Hugh M Fain Iii (Board Member) $0 $0 $0
William A Paulette (Board Member) $0 $0 $0
General Jh Binford Peay Iii (Board Member) $0 $597,665 $55,464
Brian Crockett (Board Member) $0 $294,439 $35,330
David Prasnicki (Treasurer) $0 $164,606 $32,653

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$447,535
Expenses
$5,108,131
Net Income
-$4,660,596
Net Assets
$17,795,444
Notable Sources of Revenue Percent of Total Revenue
Contributions $17,428
3.9%
Program Services $0
Investment Income $430,107
96.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $71,345,714
Total Liabilities $53,550,270
Net Assets $17,795,444
Compensation
Key Employees and Officers Compensation Related Other
George P Ramsey Iii (Board Member) $0 $0 $0
Edgar Jt Perrow Jr (Board Member) $0 $0 $0
Hugh M Fain Iii (Board Member) $0 $0 $0
William A Paulette (Board Member) $0 $0 $0
General Jh Binford Peay Iii (Board Member) $0 $536,404 $63,162
Brian Crockett (Board Member) $0 $280,921 $34,137
David Prasnicki (Treasurer) $0 $159,470 $30,977

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$443,225
Expenses
$4,419,083
Net Income
-$3,975,858
Net Assets
$21,494,458
Notable Sources of Revenue Percent of Total Revenue
Contributions $280,410
63.3%
Program Services $0
Investment Income $162,815
36.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $81,087,649
Total Liabilities $59,593,191
Net Assets $21,494,458
Compensation
Key Employees and Officers Compensation Related Other
Brian Crockett (Board Member) $0 $0 $0
Walton M Jeffress Jr (Board Member) $0 $0 $0
William A Paulette (Board Member) $0 $0 $0
Robert A Heeley (Board Member) $0 $0 $0
General Jh Binford Peay Iii (Board Member) $0 $0 $0
David Prasnicki (Treasurer) $0 $158,836 $30,630

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$639,488
Expenses
$5,504,029
Net Income
-$4,864,541
Net Assets
$16,153,522
Notable Sources of Revenue Percent of Total Revenue
Contributions $272,615
42.6%
Program Services $0
Investment Income $366,873
57.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $75,012,248
Total Liabilities $58,858,726
Net Assets $16,153,522

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,799,652
Expenses
$5,700,100
Net Income
-$2,900,448
Net Assets
$14,664,541
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,579,910
92.2%
Program Services $0
Investment Income $219,742
7.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $77,404,270
Total Liabilities $62,739,729
Net Assets $14,664,541

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,182,017
Expenses
$5,808,004
Net Income
-$2,625,987
Net Assets
$18,678,015
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,994,225
62.7%
Program Services $0
Investment Income -$101,477
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,289,269
40.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $73,468,382
Total Liabilities $54,790,367
Net Assets $18,678,015

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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