Vmi Foundation
Only null% goes to programs Strong reserves
Vmi Foundation is a 501(c)(3) organization based in Lexington, Virginia, registered in 1939, with $26,717,885 in FY2024 revenue. CharityIndex grades it B.
304 Letcher Ave, Lexington, VA, 24450 EIN 54-0505966 Since 1939
Revenue (FY2024)
$26.7M
▲ 1.7% vs prior year
Education median: $200K
Expenses (FY2024)
$28.6M
Net assets
$663.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Vmi Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating278 mo reserves · -7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Vmi Foundation: 278 mo reserves · -7% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Vmi Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Vmi Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 304 Letcher Ave, Lexington, VA, 24450
- City
- Lexington
- State
- Virginia
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Website
- …
Financial trends
Revenue grew from $15.9M (FY2013) to $26.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $27.9MNet assets $663.4M
Operating margin
-7.2%
Spent more than it raised in the latest fiscal year.
Total assets
$691.3M
Total liabilities
$27.9M
Net assets
$663.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $26,717,885▲1.7% | $28,632,189▲10.2% | $663,421,146▲7.4% | $691,343,869▲7.7% | 990 |
| 2023 | $26,268,516▼29.0% | $25,973,445▼4.2% | $617,769,135▲9.6% | $642,086,851▲9.9% | 990 |
| 2022 | $36,993,722▲52.5% | $27,100,301▲4.0% | $563,515,618▲8.7% | $584,168,697▲8.3% | 990 |
| 2021 | $24,254,314▼9.5% | $26,063,917▲13.5% | $518,593,479▼5.6% | $539,387,112▼4.9% | 990 |
| 2020 | $26,799,966▼6.2% | $22,967,138▲7.3% | $549,185,012▲33.1% | $567,221,875▲34.6% | 990 |
| 2019 | $28,563,258▲33.4% | $21,395,409▲11.1% | $412,643,402▲0.6% | $421,257,842▲1.1% | 990 |
| 2018 | $21,413,954▼10.9% | $19,249,379▼6.9% | $410,365,345▲4.8% | $416,531,805▲4.8% | 990 |
| 2017 | $24,023,675▼48.2% | $20,685,372▲4.9% | $391,627,628▲7.7% | $397,361,347▲7.5% | 990 |
| 2016 | $46,421,134▲160% | $19,726,637▼1.6% | $363,631,449▲19.6% | $369,547,108▲19.0% | 990 |
| 2015 | $17,872,352▼29.4% | $20,040,921▼2.8% | $304,049,519▼2.7% | $310,449,373▼2.5% | 990 |
| 2014 | $25,310,898▲59.3% | $20,612,743▲2.7% | $312,392,057▲2.9% | $318,475,713▲3.2% | 990 |
| 2013 | $15,887,614 | $20,061,224▲12.6% | $303,682,970▲12.9% | $308,677,731▲12.8% | 990 |
| 2012 | — | $17,822,406▲7.2% | $268,995,699▲12.3% | $273,644,882▲12.2% | 990 |
| 2011 | — | $16,619,933▲5.8% | $239,556,277▼5.0% | $243,910,048▼5.0% | 990 |
| 2010 | — | $15,713,399 | $252,039,015 | $256,801,892 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $22.5M total
103 grants to Vmi Foundation totaling $22.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Educational | 2024 | $1,008,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $89,000 |
| The Community Foundation Inc | Educational success | 2024 | $63,600 |
| American Gift Fund | Operations | 2024 | $54,559 |
| American Online Giving Foundation Inc | General support | 2024 | $54,290 |
| Ayco Charitable Foundation | Education | 2024 | $50,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $22,000 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $17,500 |
| St Louis Community Foundation Incorporated | The peay endowment for academic excellence | 2024 | $10,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $10,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $7,866 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $6,000 |
| Greater Horizons | Education | 2024 | $6,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Donor Advised Charitable Giving | Education | 2023 | $1,661,716 |
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Frequently asked questions
- Is Vmi Foundation a legitimate nonprofit?
- Yes. Vmi Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-0505966, based in Lexington, Virginia. Donations are tax-deductible.
- What is Vmi Foundation's EIN?
- Vmi Foundation's Employer Identification Number (EIN) is 54-0505966.
- How much revenue does Vmi Foundation report?
- Vmi Foundation reported $26,717,885 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Vmi Foundation have?
- CharityIndex grades Vmi Foundation B, based on financial health (reserves and operating margin).
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Data for Vmi Foundation (EIN 54-0505966) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.