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Filing year 2023

VMI FOUNDATION

Lexington, Virginia·EIN 54-0505966·NTEE B110 · Education·3
Total revenue
$26.3M
Total assets
$642.1M
Total expenses
$26M
Reported officers
32
Mission

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.

Executive compensation, broken down

Form 990 · Schedule J · 7 reported individuals · Filing year 2023

Base salaryBonusOther compensationBenefits
Base salaryBonusOther compensationBenefitsExecutive compensation
Senior Major Gift Officer
highest compensated employee
$182k
$199k
Chief Operating Officer
$158k
$173k
Vice President Development
vice president
$158k
$172k
Corporate Secretary
secretary (operational)
$65k
$71k
Chief Financial Officer
$34k
$37k
Chief Executive Officer
$15k
$17k
Financial Controller
officer (unspecified)
$6k
$7k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 25 unpaid individuals.

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