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Virginia · Nonprofit

CADET FOUNDATION

CADET FOUNDATION (Virginia) receives grants from 2 organizations whose IRS filings report $5,080 to it, the largest being CARNEAL DREW FOUNDATION ($4,000). 1 of them have funded it in more than one year.

Revenue FY2025
$33k
Funders on record
2
Grants received
$5k
Net assets
$60k
1/2 repeat funderspeak grant-dependency 5%
01What it does

What Cadet Foundation does

Mission

The Cadet Foundation operates and publishes The Cadet newspaper as the independent voice of the VMI Corps of Cadets and Alumni since its creation in 1871, its transition to a newspaper format in 1907, and today. Our mission is to support the journalistic pursuits in publishing the student-produced and alumni supported medium of news and information by cadets and alumni in continuing the positive and proud tradition and enhance the bonds between these two essential groups. The interaction will enhance the academic, military, intellectual and professional development experiences of its cadet members interested in careers in journalism or related fields as well as offer leadership opportunities to practice academic, military, and personal skills. The Cadet Foundation also supports other programs that directly benefit Cadets and their working with alumni that are nominated by Cadets and alumni to meet the Foundation's mission.

As stated on its FY2025 Form 990-EZ.

Program

  1. Support to cadets participating in The Cadet newspaper at the Virginia Military Institute to include publication of their independent cadet edited student newspaper as well as related journalism and personal development programs working with alumni and other mentors.

    $50,393 spent
    100% of program spending

The program described on its FY2025 Form 990-EZ. Program spending in total: $50,393.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($8k) Expenses 100 ($200) Net assets 100 ($8k)2022 Revenue 486 ($41k) Expenses 9226 ($18k) Net assets 373 ($31k)2023 Revenue 493 ($41k) Expenses 5977 ($12k) Net assets 733 ($60k)2024 Revenue 540 ($45k) Expenses 8478 ($17k) Net assets 1079 ($88k)2025 Revenue 398 ($33k) Expenses 31036 ($62k) Net assets 728 ($60k)
20212022202320242025
Revenue (398)Expenses (31036)Net assets (728)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $31k to $60k (+96%).

$8k
$31k
$60k
$88k
$60k
20212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

100% of CADET FOUNDATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (99% for the typical peer).

This organization
Typical peer · 6,281 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.

$8k
’21
$22k
’22
$29k
’23
$28k
’24
−$29k
’25
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'23
'24*
'25*
total
funders
2
1
1

From the IRS filings of CADET FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

CADET FOUNDATION leans on a few funders — its largest provides 79% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

79%
largest funder
100%
top three
~2
effective funders

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

79% of CADET FOUNDATION's grant income comes from Virginia funders.

VA
FL

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

CADET FOUNDATION has grown faster than three-quarters of the 3,356 youth development nonprofits its size.

Operating margin−86% · bottom quartile
Revenue growth (annualized)41% · top quartile

this organization peer median middle 50% of peers· 3,356 youth development nonprofits under $100k, FY2025

Organizations like CADET FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Virginia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

VA

Screen this organization

A dated, signed PDF of the compliance screen for CADET FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CADET FOUNDATION?
CADET FOUNDATION (Virginia) receives grants from 2 organizations whose IRS filings report $5,080 to it, the largest being CARNEAL DREW FOUNDATION ($4,000). 1 of them have funded it in more than one year.
How many funders does CADET FOUNDATION have?
IRS filings report 2 organizations giving $5,080 in grants to CADET FOUNDATION, 1 of which have funded it in more than one year.
Who is the largest funder of CADET FOUNDATION?
CARNEAL DREW FOUNDATION is the largest funder on record, with $4,000 in grants. The full list of funders is on this page.
How can an organization like CADET FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Cadet →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing