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Virginia · Nonprofit

Vmi Alumni Agencies Board Inc

Vmi Alumni Agencies Board Inc (Virginia) receives grants from 6 organizations whose IRS filings report $187,228 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($88,128). 1 of them have funded it in more than one year, and 66% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$5.5M
Funders on record
6
Grants received
$187k
Net assets
$41M
1/6 repeat funderspeak grant-dependency 1%
01What it does

What Vmi Alumni Agencies Board Inc does

Mission

The purpose of vmi alumni agencies board is to support virginia military institute (vmi), a state-supported school, by coordinating development and fundraising efforts conducted on behalf of the institute, planning, organizing, and conducting the vmi campaign.

As stated on its FY2025 Form 990.

Program

  1. All program services were for the support of VMI

    $3,127,157 spentof which $2,217,934 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $3,127,157.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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 = 20172017 Revenue 100 ($1.3M) Expenses 100 ($3.5M) Net assets 100 ($16M)2018 Revenue 131 ($1.7M) Expenses 108 ($3.8M) Net assets 123 ($19M)2020 Revenue 379 ($4.8M) Expenses 188 ($6.6M) Net assets 121 ($19M)2021 Revenue 410 ($5.2M) Expenses 282 ($9.9M) Net assets 235 ($37M)2022 Revenue 853 ($11M) Expenses 190 ($6.7M) Net assets 239 ($37M)2023 Revenue 433 ($5.5M) Expenses 482 ($17M) Net assets 195 ($30M)2024 Revenue 428 ($5.5M) Expenses 175 ($6.1M) Net assets 234 ($36M)2025 Revenue 434 ($5.5M) Expenses 195 ($6.8M) Net assets 263 ($41M)
'17'18'20'21'22'23'24'25
Revenue (434)Expenses (195)Net assets (263)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 2020 to 2021, from $79M to $91M (+15%).

$74M
$78M
$79M
$91M
$88M
$94M
$104M
$112M
'17'18'20'21'22'23'24'25
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.

2017
2018
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

8% of Vmi Alumni Agencies Board Inc’s revenue is contributions — about as donation-reliant as the typical peer (48% for the typical peer).

This organization
Typical peer · 12,352 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 7 of the last 8 reported years ran a deficit.

−$2.2M
’17
−$2.1M
’18
−$1.8M
’20
−$4.6M
’21
$4.2M
’22
−$11M
’23
−$667k
’24
−$1.3M
’25

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

David L Prasnicki

Chief Executive Officer

Board chair

Mr Matthew R Hemenez

Chairman

As listed on its FY2025 Form 990.

'17'18'20'21'22'23'24'25
Listed712111212111011
Joined·+8·+5+2+3+6+3
No longer listed·3·42472
03Who funds it

Who funds it, year by year

2020 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $3k → $52k.

3 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 66% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $4.3M from 2 payers (the payer shares this organization's board, largest VMI Foundation). These are real filings, and they are not money Vmi Alumni Agencies Board Inc raised.

From the IRS filings of Vmi Alumni Agencies Board Inc’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

Vmi Alumni Agencies Board Inc leans on a few funders — its largest provides 47% of grant income and the top three 95%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

66% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Vmi Alumni Agencies Board Inc.

47%
largest funder
95%
top three
~3
effective funders

Largest funder’s share by year: 2020 100% · 2021 100% · 2022 100% · 2023 99% — broadly stable.

“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

66% of Vmi Alumni Agencies Board Inc's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $63k that is directly attributable, 95% of it comes from Virginia funders.

VA
NM
NC

In-state vs out-of-state, by year

’20
’21
’23
Virginia out of state home

Funder states come from each funder’s own filing. $124k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. 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

Vmi Alumni Agencies Board Inc has grown faster than three-quarters of the 9,398 education nonprofits its size.

Operating margin−23% · bottom quartile
Revenue growth (annualized)20% · top quartile

this organization peer median middle 50% of peers· 9,398 education nonprofits $1M–$10M, FY2025

Organizations like Vmi Alumni Agencies Board Inc

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.

Where the money goes

46% of spending goes to programs.

Program 46%Management 31%Fundraising 24%

Governance

7
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

VA

Part of a family of 4 related entities

  • Vmi Foundation · exempt
  • Vmi Keydet Club · exempt
  • Vmi Alumni Association · exempt
  • Virginia Military Institute · exempt

Screen this organization

A dated, signed PDF of the compliance screen for Vmi Alumni Agencies Board Inc: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 Vmi Alumni Agencies Board Inc?
Vmi Alumni Agencies Board Inc (Virginia) receives grants from 6 organizations whose IRS filings report $187,228 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($88,128). 1 of them have funded it in more than one year, and 66% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does Vmi Alumni Agencies Board Inc have?
IRS filings report 6 organizations giving $187,228 in grants to Vmi Alumni Agencies Board Inc, 1 of which have funded it in more than one year.
Who is the largest funder of Vmi Alumni Agencies Board Inc?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $88,128 in grants. The full list of funders is on this page.
How can an organization like Vmi Alumni Agencies Board Inc 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.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 6 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 14, 2026. What this page cannot tell you · view filing