VMI Foundation

Lexington, VA · EIN 54-0505966 · Education · Rank 16,422 by total revenue

To support the Virginia Military Institute (VMI), a state-supported school.

Money, Form 990 for tax year 2024

Total revenue: $26,717,885
Total expenses: $28,632,189
Total assets: $691,343,869
Salary base (all salaries and wages): $1,294,042
Salaries, other pay and benefits: $1,682,784
Employees: 29
Salary base per employee: $44,622

"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.

Leadership (33)

Name	Title	Role	Hours/week	Total pay
David L Prasnicki	Chief Executive Officer	Officer	2	$298,915
Crissy S Elliott	Chief Financial Officer	Officer	2	$216,271
Kevin A Ryan	Financial Controller	Officer	2	$168,110
Theresa I Conrad	Vice President Development	Officer	40	$167,046
Meade B King	Chief Operating Officer	Officer	40	$163,473
Virginia Cameron	Executive Assistant and Corporate Secretary	Officer	40	$52,867
Colonel Joseph P Moan USAF Ret	Board Member	Board	2	None reported
Commander Bree A Guiterman	Board Member	Board	2	None reported
Dr Christopher R Gorman	Board Member	Board	2	None reported
Lt Gen Carl A Strock USA Ret	Board Member	Board	2	None reported
Mr Daniel P Thornton	BOARD MEMBER	Board	2	None reported
Mr Daryl L Deke	Board Member	Board	2	None reported
Mr Ernesto V Sampson Jr	Board Member	Board	2	None reported
Mr Gale F Sommers	Board Member	Board	2	None reported
Mr Garland Gray II	Board Member	Board	2	None reported
Mr Glen N Jones	Board Member	Board	2	None reported
Mr John F Fick III	Board Member	Board	2	None reported
Mr John P Williams	Board Member	Board	2	None reported
Mr Johnathan A Mayo	Board Member	Board	2	None reported
Mr Jonathan T Moody	Board Member	Board	2	None reported
Mr Kimber L Latsha JD	Board Member	Board	2	None reported
Mr Kurt A Polk	Board Member	Board	2	None reported
Mr Matthew B Hamilton	Board Member	Board	2	None reported
Mr Matthew R Hemenez	BOARD MEMBER	Board	2	None reported
Mr Robert B Gore	Board Member	Board	2	None reported
Mr Robert M Michie	Board Member	Board	2	None reported
Mr Sean P Cantrell	Board Member	Board	2	None reported
Mr Sterling T Sweeney	Board Member	Board	2	None reported
Mr Thomas Henry Zarges	Board Member	Board	2	None reported
Mr William L Taliaferro	Board Member	Board	2	None reported
Mrs Elise G Woodworth	Board Member	Board	2	None reported
Mrs Lara T Chambers	Board Member	Board	2	None reported
Ms Dorcas G Wilkinson	Board Member	Board	2	None reported

Top 10 paid people listed

These 7 people received $1,229,793, which is 95.0% of the $1,294,042 salary base shared by 29 employees.

Name	Title	Role	Hours/week	From this org	From related orgs	Other pay	Total
David L Prasnicki	Chief Executive Officer	Officer	2	$0	$280,759	$18,156	$298,915
Crissy S Elliott	Chief Financial Officer	Officer	2	$0	$182,835	$33,436	$216,271
Kevin A Ryan	Financial Controller	Officer	2	$0	$163,894	$4,216	$168,110
Theresa I Conrad	Vice President Development	Officer	40	$163,821	$0	$3,225	$167,046
Meade B King	Chief Operating Officer	Officer	40	$147,347	$0	$16,126	$163,473
Gregory M Cavallaro	Senior Major Gift Officer	Highly paid employee	40	$142,962	$0	$20,149	$163,111
Virginia Cameron	Executive Assistant and Corporate Secretary	Officer	40	$52,392	$0	$475	$52,867

Sources

IRS e-file return 202533189349314128 (Form 990, period ending 2025-06-30): readable copy at ProPublica Nonprofit Explorer
IRS Tax Exempt Organization Search for EIN 54-0505966
Organization website (as filed): www.vmialumni.org