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 · Part VII & Schedule J · 7 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Virginia.
- Base
- $150k
- Bonus
- —
- Other
- $2k
- Benefits
- $4k
- Base
- $140k
- Bonus
- $3k
- Other
- $2k
- Benefits
- $3k
- Base
- $153k
- Bonus
- $2k
- Other
- $3k
- Benefits
- $506
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Senior Major Gift Officer Highest Compensated Employee Median to 75th percentile | $150k | — | $2k | $4k | $182k $199k |
Chief Operating Officer 25th percentile to median | $140k | $3k | $2k | $3k | $158k $173k |
Vice President Development Vice President Median to 75th percentile | $153k | $2k | $3k | $506 | $158k $172k |
Corporate Secretary Secretary (Operational) Median to 75th percentilevs Education peers nationwide | — | — | — | — | $65k $71k |
Chief Financial Officer 25th percentile to median | — | — | — | — | $34k $37k |
Chief Executive Officer Below 10th percentile | — | — | — | — | $15k $17k |
Financial Controller Controller Below 10th percentilevs Education peers nationwide | — | — | — | — | $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.
Top pay as a share of expenses
In 2023, the highest total compensation at VMI FOUNDATION equaled 0.7% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about VMI FOUNDATION
What does the Highest Compensated Employee of VMI FOUNDATION earn?
In 2023, the Highest Compensated Employee of VMI FOUNDATION received $182,052 in total compensation. This pay is above the median (the midpoint) for Highest Compensated Employee roles among Education organizations in Virginia, within the top half of comparable filings. Based on IRS Form 990 data.
How does Highest Compensated Employee pay at VMI FOUNDATION compare with similar nonprofits?
Compared with the same role at Education organizations in Virginia, the 2023 pay of the Highest Compensated Employee at VMI FOUNDATION falls between the median and the 75th percentile. In 2023, the highest total compensation at VMI FOUNDATION equaled 0.7% of the organization's total expenses. The median for education organizations is 7%.
What are VMI FOUNDATION's revenue and expenses?
In 2023, VMI FOUNDATION reported $26.3M in total revenue and $26M in total expenses on its IRS Form 990.
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