VALLEY FORGE MILITARY ACADEMY FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- VALLEY FORGE MILITARY ACADEMY FOUNDATION (EIN 23-1178880)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-04-29
- IRS object ID
- 201441199349300104
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-04-29T08:50:57-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232932984 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PARENTEBARD LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1650 MARKET ST SUITE 4500 | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231178880 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VALLEY FORGE MILITARY ACADEMY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | VALL | NameControl |
| Phone | 6109891200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 EAGLE ROAD | AddressLine1 |
| City | WAYNE | City |
| State | PA | State |
| ZIP Code | 190873695 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | VINCENT J VUONO | Name |
| Title | CFO/COO | Title |
| Phone | 6109891200 | Phone |
| Date Signed | 2014-04-28 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JULIUS C GREEN CPA JD | Name |
| PTIN | P00350393 | PTIN |
| Phone | 5703236023 | Phone |
| Date Prepared | 2014-04-28 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | VINCENT J VUONO | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 EAGLE ROAD | AddressLine1 |
| City | WAYNE | City |
| State | PA | State |
| ZIP Code | 190873695 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 29046507 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.VFMAC.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1928 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | EDUCATIONAL INSTITUTION FOCUSED ON BUILDING LEADERSHIP THROUGH A MILITARY ENVIRONMENT. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 19 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 243 | TotalNbrEmployees |
| Total Nbr Volunteers | 100 | TotalNbrVolunteers |
| Total Gross UBI | 388290 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3391910 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1851834 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 25810297 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 23558149 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 508249 | InvestmentIncomePriorYear |
| Investment Income Current Year | 348263 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 35990 | OtherRevenuePriorYear |
| Other Revenue Current Year | 75786 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 29746446 | TotalRevenuePriorYear |
| Total Revenue Current Year | 25834032 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 7127042 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 6160843 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 9670295 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 9766446 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 488332 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 10851708 | OtherExpensePriorYear |
| Other Expenses Current Year | 11588165 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 27649045 | TotalExpensesPriorYear |
| Total Expenses Current Year | 27515454 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2097401 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1681422 | RevenuesLessExpensesCY |
| Total Assets BOY | 40441804 | TotalAssetsBOY |
| Total Assets EOY | 41931880 | TotalAssetsEOY |
| Total Liabilities BOY | 11340510 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 13151882 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 29101294 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 28779998 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO EDUCATE CADETS, WITHIN AN ACADEMIC AND MILITARY ENVIRONMENT, TO BE FULLY PREPARED FOR THEIR RESPONSIBILITIES AS CITIZEN LEADERS WHO ARE MENTALLY ALERT, SOUND IN BODY, CONSIDERATE OF OTHERS AND POSSESSED OF THE HIGHEST SENSE OF DUTY, HONOR, LOYALTY, AND COURAGE.TO FOSTER THE LOVE OF GOD AND COUNTRY, HIGH MORAL STANDARDS AND STRONG CHARACTER TRAITS THAT WILL MAKE ALL A CREDIT TO THEMSELVES, THEIR FAMILIES, THEIR ALMA MATER, THEIR COUNTRY, AND THEIR GOD. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 21530775 | Expense |
| Grants | 6160843 | Grants |
| Revenue | 23558149 | Revenue |
| Description | VALLEY FORGE PROVIDES CADETS WITH AN EDUCATIONAL EXPERIENCE BUILT ON OUR FIVE CORNERSTONES: ACADEMIC EXCELLENCE, CHARACTER DEVELOPMENT, PERSONAL MOTIVATION, PHYSICAL DEVELOPMENT, AND LEADERSHIP. A VALLEY FORGE EDUCATION IS ROOTED IN QUALITY ACADEMIC PROGRAMS SUPPORTED BY LEADERSHIP RESPONSIBILITIES AND STRONG ATHLETIC AND EXTRACURRICULAR OPPORTUNITIES. THE SCHOOL HOSTED 570 STUDENTS DURING THE YEAR. | Description |
| Total Program Service Expense | 21530775 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 23 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 1 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 243 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 19 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VINCENT J VUONO CFOCOO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6109891232 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 EAGLE ROAD | AddressLine1 |
| City | WAYNE | City |
| State | PA | State |
| ZIP Code | 19087 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| ROBERT BACINE | ||||||
| VICE CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 |
| RICHARD HOCKER | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| FREDERICK BREITENFELD JR | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| NILES DALLY | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| ANTOINETTE IADAROLA | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| J KENT MCNEW | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| CONRAD MUHLY | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| DANIEL REAVY | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| CHRIS ROUSSOS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| IVAN SABEL | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| GEORGE SCHILDGE | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM FLOYD | ||||||
| CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 |
| ROBERT JARDELEZA | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JOHN ENGLISH | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| BLAISE MERCADENTE | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| TIM O'ROURKE | ||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| DAVID ESQUEDA | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| AUDREY SPANGENBERG | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JOSE VASQUEZ | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| VINCENT VUONO | ||||||
| CFO/TREASURER | 40.00 | X | 168134 | 0 | 18146 | |
| KATHLEEN ANDERSON | ||||||
| VP ACADEMIC DEVELOPMENT | 40.00 | X | 131100 | 0 | 3278 | |
| DENIS SPIZUOCO | ||||||
| ASSOC VP DEVELOPMENT | 40.00 | X | 124100 | 0 | 2812 | |
| DAVID GRAY | ||||||
| PRESIDENT (RET. 8/12) | 40.00 | X | 185718 | 0 | 15049 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 609052 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 39285 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SODEXO INC | |||||
| PO BOX 905374 | CHARLOTTE | NC | 28290 | FOOD SERVICE | 2213453 |
| TARGET BUILDING CONSTRUCTION INC | |||||
| 1124 CHESTER PIKE | CRUM LYNNE | PA | 19022 | CONSTRUCTION SERVICES | 1213083 |
| KEYSTONE HEALTH PLAN TRUST | |||||
| PO BOX 70250 | PHILADELPHIA | PA | 191760250 | HEALTH COVERAGE | 1156234 |
| MAIN LINE JANITORIAL SERVICE | |||||
| 4438 LOBELLA COURT | CHESTER SPRINGS | PA | 19425 | LAUNDRY, CLEANING SERVICES | 722253 |
| HARMELIN MEDIA | |||||
| 525 RIGHTER FERRY ROAD | BALA CYNWYD | PA | 19004 | MEDIA SERVICES | 350495 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 12 | NumberOfContractorsGT100K |
| Fundraising Events | 39081 | FundraisingEvents |
| Government Grants | 723 | GovernmentGrants |
| All Other Contributions | 1812030 | AllOtherContributions |
| Noncash Contributions | 19980 | NoncashContributions |
| Total Contributions | 1851834 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION AND FEES | 611600 | 22414191 | 22414191 | |
| HOUSING RENTALS | 611600 | 563369 | 563369 | |
| SUMMER CAMP PROGRAM | 611600 | 526046 | 256046 | 270000 |
| FINANCIAL AID | 611600 | 54543 | 54543 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 23558149 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 265006 | TotalRevenueColumn |
| Exclusion | $265,006 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 168933 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 126844 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 42089 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 42089 | TotalRevenueColumn |
| Unrelated Business Revenue | 42089 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3014876 | Securities |
| Other | 650 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2932269 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 82607 | Securities |
| Other | 650 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 83257 | TotalRevenueColumn |
| Exclusion | $83,257 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 97340 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 39081 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 153362 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -56022 | TotalRevenueColumn |
| Exclusion | -$56,022 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 6635 | GrossIncomeGaming |
| Gaming Direct Expenses | 0 | GamingDirectExpenses |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6635 | TotalRevenueColumn |
| Exclusion | $6,635 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|
| CAVALRY | 713990 | 76201 | 76201 | |
| OTHER ADMINISTRATIVE INCOME | 900099 | 6883 | $6,883 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 83084 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 25834032 | TotalRevenueColumn |
| Related Or Exempt Function Income | 23288149 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 388290 | UnrelatedBusinessRevenue |
| Exclusion | $305,759 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6160843 | Total |
| Program Services | 6160843 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 656601 | Total |
| Management And General | 656601 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7179437 | Total |
| Program Services | 5683464 | ProgramServices |
| Management And General | 1220606 | ManagementAndGeneral |
| Fundraising | 275367 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 180274 | Total |
| Program Services | 141446 | ProgramServices |
| Management And General | 32208 | ManagementAndGeneral |
| Fundraising | 6620 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 986285 | Total |
| Program Services | 776292 | ProgramServices |
| Management And General | 180284 | ManagementAndGeneral |
| Fundraising | 29709 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 763849 | Total |
| Program Services | 414559 | ProgramServices |
| Management And General | 328112 | ManagementAndGeneral |
| Fundraising | 21178 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 321786 | Total |
| Management And General | 321786 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 97652 | Total |
| Management And General | 97652 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75834 | Total |
| Management And General | 75834 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1791142 | Total |
| Program Services | 1221619 | ProgramServices |
| Management And General | 569523 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 655630 | Total |
| Program Services | 53806 | ProgramServices |
| Management And General | 601824 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1329532 | Total |
| Program Services | 1065509 | ProgramServices |
| Management And General | 233520 | ManagementAndGeneral |
| Fundraising | 30503 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43882 | Total |
| Management And General | 43882 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1949508 | Total |
| Program Services | 1351891 | ProgramServices |
| Management And General | 513609 | ManagementAndGeneral |
| Fundraising | 84008 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1546191 | Total |
| Program Services | 1506842 | ProgramServices |
| Management And General | 32218 | ManagementAndGeneral |
| Fundraising | 7131 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 362198 | Total |
| Program Services | 316628 | ProgramServices |
| Management And General | 38901 | ManagementAndGeneral |
| Fundraising | 6669 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1474390 | Total |
| Program Services | 1288891 | ProgramServices |
| Management And General | 158352 | ManagementAndGeneral |
| Fundraising | 27147 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| UNIFORMS | 676147 | 676147 | |
| STUDENT PROGRAMS | 397021 | 397021 | |
| BAD DEBTS | 374336 | 374336 | |
| ALLOCATION OF PLANT OPE | 228568 | 228568 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 264348 | Total |
| Program Services | 247249 | ProgramServices |
| Management And General | 17099 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27515454 | Total |
| Program Services | 21530775 | ProgramServices |
| Management And General | 5496347 | ManagementAndGeneral |
| Fundraising | 488332 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1500 | BOY |
| EOY | 950 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6387934 | BOY |
| EOY | 2563521 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33895 | BOY |
| EOY | 78230 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 198720 | BOY |
| EOY | 171531 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 851661 | BOY |
| EOY | 926325 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 47014492 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 28436433 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17501036 | BOY |
| EOY | 18578059 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7029907 | BOY |
| EOY | 10664247 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 323392 | BOY |
| EOY | 320640 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8113759 | BOY |
| EOY | 8628377 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40441804 | BOY |
| EOY | 41931880 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2466782 | BOY |
| EOY | 2239680 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2232086 | BOY |
| EOY | 3412527 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6100000 | BOY |
| EOY | 5900000 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30000 | BOY |
| EOY | 1079500 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17613 | BOY |
| EOY | 77138 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 360659 | BOY |
| EOY | 320856 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133370 | BOY |
| EOY | 122181 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11340510 | BOY |
| EOY | 13151882 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10817670 | BOY |
| EOY | 9778078 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7565164 | BOY |
| EOY | 7516552 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10718460 | BOY |
| EOY | 11485368 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29101294 | BOY |
| EOY | 28779998 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40441804 | BOY |
| EOY | 41931880 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -1681422 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 1360126 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8688966 | BeginningOfYearBalance |
| Contributions | 93854 | Contributions |
| Investment Earnings Or Losses | 933608 | InvestmentEarningsOrLosses |
| Other Expenditures | 36700 | OtherExpenditures |
| End Of Year Balance | 9679728 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9061504 | BeginningOfYearBalance |
| Contributions | 73056 | Contributions |
| Investment Earnings Or Losses | -87569 | InvestmentEarningsOrLosses |
| Other Expenditures | 323300 | OtherExpenditures |
| Administrative Expenses | 34725 | AdministrativeExpenses |
| End Of Year Balance | 8688966 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8007355 | BeginningOfYearBalance |
| Contributions | 53607 | Contributions |
| Investment Earnings Or Losses | 1332242 | InvestmentEarningsOrLosses |
| Other Expenditures | 331700 | OtherExpenditures |
| End Of Year Balance | 9061504 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7561355 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 952898 | InvestmentEarningsOrLosses |
| Other Expenditures | 506898 | OtherExpenditures |
| End Of Year Balance | 8007355 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9591096 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -1522441 | InvestmentEarningsOrLosses |
| Other Expenditures | 507300 | OtherExpenditures |
| End Of Year Balance | 7561355 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.75550 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.24450 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2571602 | OtherCostOrOtherBasis |
| Book Value | 2571602 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 38788658 | OtherCostOrOtherBasis |
| Depreciation | 24444363 | Depreciation |
| Book Value | 14344295 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5159443 | OtherCostOrOtherBasis |
| Depreciation | 3992070 | Depreciation |
| Book Value | 1167373 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 494789 | OtherCostOrOtherBasis |
| Book Value | 494789 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 18578059 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| INTEREST IN PERPETUAL TRUST | 4000997 |
| INTEREST IN CHARITABLE REMAINDER TRUSTS | 4627380 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 8628377 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ANNUITIES PAYABLE | Description |
| Amount | $122,181 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 122181 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 21089274 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1360126 | NetUnrealizedGainsInvestments |
| Other Revenues | -6160843 | OtherRevenues |
| Revenue Not Rptd F990 | -4800717 | RevenueNotRptdF990 |
| Revenue Subtotal | 25889991 | RevenueSubtotal |
| Investment Expenses Not Included | 70885 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -126844 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -55959 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 25834032 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 21410570 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 126844 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 126844 | ExpensesNotRptdF990 |
| Expenses Subtotal | 21283726 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 70885 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 6160843 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 6231728 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 27515454 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE ENDOWMENT IS TO BE USED FOR THE OPERATIONS OF THE ORGANIZATION. THE MAJORITY OF FUNDS ARE ALLOCATED TO CADET SCHOLARSHIPS. CADET AND STAFF AWARDS ARE ALSO FUNDED BY THE ENDOWMENT. ALLOWABLE ENDOWMENT FUNDING IS ALSO USED FOR PLANT OPERATIONS WHEN NECESSARY. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE FOUNDATION HAS EVALUATED ITS TAX POSITIONS AS OF JUNE 30, 2012. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE-LIKELY-THAN-NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A LIKELIHOOD OF BEING REALIZED ON EXAMINATION OF MORE THAN 50 PERCENT. FOR TAX POSITIONS NOT MEETING THE "MORE-LIKELY-THAN-NOT" TEST, NO TAX BENEFIT IS RECORDED. UNDER THE "MORE-LIKELY-THAN-NOT" THRESHOLD GUIDELINES, THE FOUNDATION BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS EXIST, EITHER INDIVIDUALLY OR IN THE AGGREGATE, THAT WOULD GIVE RISE TO THE NON-RECOGNITION OF AN EXISTING TAX BENEFIT. AS OF JUNE 30, 2013, THE FOUNDATION HAS NO MATERIAL UNRECOGNIZED TAX BENEFITS OR ACCRUED INTEREST AND PENALTIES. THE FEDERAL 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, AND APPLICABLE STATE TAX FILINGS FOR THE YEARS ENDED JUNE 30, 2013, 2012, AND 2011 REMAIN SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID -6,160,843. | |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FACILITIES RENTAL EXPENSES -126,844. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FACILITY RENTAL EXPENSES 126,844. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 6,160,843. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | ADVERTISING INCLUDES THE REQUIRED STATEMENTS REGARDING OUR RACIAL NON-DISCRIMINATORY POLICY IN BOTH PRINT AND RADIO. |
| EXPLANATION OF DOCUMENT RETENTION | SCHEDULE E, PART I, LINE 4 | SCHOLARSHIPS AND FINANCIAL AID ASSISTANCE ARE AWARDED ON THE BASIS OF NEED, MEASURED BY FAFSA, PHEAA AND PELL. ADDITIONALLY, ASSISTANCE IS AWARDED BASED ON MERIT, SUCH AS ACADEMIC PERFORMANCE AND OTHER FACTORS. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | VALLEY FORGE MILITARY ACADEMY AND COLLEGE RECEIVES A GRANT THROUGH THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY INSTITUTIONAL ASSISTANCE GRANT PROGRAM. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | MUSTANG DINNER | NameOfEvent1 |
| Gross Receipts Event1 | 42462 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 33211 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 9251 | GrossRevenueEvent1 |
| Food And Beverage Event1 | 13093 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 4885 | OtherDirectExpensesEvent1 |
| Name Of Event2 | SILENT AUCT. | NameOfEvent2 |
| Gross Receipts Event2 | 53374 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 53374 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 10603 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 1 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 29657 | GrossReceiptsOtherEvents |
| Gross Revenue Other Events | 29657 | GrossRevenueOtherEvents |
| Other Direct Expenses Other Events | 33561 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 125493 | GrossReceiptsTotal |
| Charitable Contributions Total | 33211 | CharitableContributionsTotal |
| Gross Revenue Total Events | 92282 | GrossRevenueTotalEvents |
| Food And Beverage Total Events | 13093 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 49049 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 62142 | DirectExpenseSummaryEvents |
| Net Income Summary | 30140 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | VARIOUS | TypeOfGrant |
| Number Of Recipients | 424 | NumberOfRecipients |
| Amount Of Cash Grant | 6160843 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: VF AWARDS INTERNAL MERIT SCHOLARSHIPS BASED ON THE CADET'S GRADES (GPA) FROM HIS / HER PREVIOUS SCHOOL AND FINANCIAL NEED. THERE IS A MATRIX USED TO DETERMINE THE AMOUNT TO BE AWARDED TO EACH CADET. THERE ARE ALSO AID AWARDS WHICH ARE BASED ON SUBMITTED FAFSA FORMS. BOTH FEDERAL AND STATE GOVERNMENTS HAVE CHARTS DETERMINING AID SUCH AS THROUGH PHEAA AND PELL GRANTS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VINCENT VUONO | ||||||||||||||
| CFO/TREASURER | 168134 | 0 | 0 | 0 | 0 | 0 | 4203 | 0 | 13943 | 0 | 186280 | 0 | 0 | 0 |
| DAVID GRAY | ||||||||||||||
| PRESIDENT (RET. 8/12) | 185718 | 0 | 0 | 0 | 0 | 0 | 15049 | 0 | 0 | 0 | 200767 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 4A | ReturnReference |
| Explanation | DAVID GRAY, THE FORMER PRESIDENT, RETIRED IN AUGUST 2012 AND RECEIVED SEVERANCE PAY UPON HIS LEAVETAKING. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PA HIGHER EDUCATIONAL FACILITIES AUTHORITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 232243852 | IssuerEIN |
| CUSIP Number | 70917NC44 | CUSIPNumber |
| Date Issued | 2004-03-01 | DateIssued |
| Issue Price | 4000000 | IssuePrice |
| Description Of Purpose | CAPITAL PROJECTS (CONSTRUCTION) | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 1 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Amount Retired | 400000 | AmountRetired |
| Total Proceeds | 4200000 | TotalProceeds |
| Issuance Costs From Proceeds | 200000 | IssuanceCostsFromProceeds |
| Capital Expenditures | 4000000 | CapitalExpenditures |
| Year Of Subst Completion | 2005 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Bond Iss Meet Prvt Security Pay Test | 0 | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedProp |
| Non Qualified Bond Remed Procdrs | 1 | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiled |
| Rebate Not Due Yet | 0 | RebateNotDueYet |
| Exception To Rebate | 1 | ExceptionToRebate |
| No Rebate Due | 0 | NoRebateDue |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Regulatory Safe Harbor Satisfied | 0 | RegulatorySafeHarborSatisfied |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Written Proc To Monitor Reqs | 1 | WrittenProcToMonitorReqs |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Proc To Undertk Corrective Action | 1 | ProcToUndertkCorrectiveAction |
Schedule L IRS990ScheduleL
Loan Table LoanTable (16 entries)
| Relationship With OrganizationRelationshipWithOrganization | Purpose Of LoanPurposeOfLoan | Loan To OrganizationLoanToOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|---|
| ROBERT A BACINE | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $5,000 | 5000 | 0 | 1 | 1 |
| FREDERICK BREITENFELD | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $5,000 | 5000 | 0 | 1 | 1 |
| NILES DALLY | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $20,000 | 20000 | 0 | 1 | 1 |
| JOHN ENGLISH | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $25,000 | 25000 | 0 | 1 | 1 |
| DAVID J ESQUEDA | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $5,000 | 5000 | 0 | 1 | 1 |
| WILLIAM R FLOYD | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $270,000 | 267000 | 0 | 1 | 1 |
| HOWARD A FORSTER | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $10,000 | 10000 | 0 | 1 | 1 |
| KENT J MCNEW | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $300,000 | 300000 | 0 | 1 | 1 |
| CONRAD E MUHLY | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $200,000 | 200000 | 0 | 1 | 1 |
| MICHAEL A NOLEN | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $18,000 | 18000 | 0 | 1 | 1 |
| TIMOTHY C O'ROURKE | |||||||
| FORMER TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $7,500 | 7500 | 0 | 1 | 1 |
| DANIEL J REAVY | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $5,000 | 5000 | 0 | 1 | 1 |
| GEORGE H SCHILDGE | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $100,000 | 100000 | 0 | 1 | 1 |
| AUDREY SPANGENBERG | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $100,000 | 100000 | 0 | 1 | 1 |
| NORMAN F STEIN | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $2,000 | 2000 | 0 | 1 | 1 |
| JOSE E VASQUEZ BARQUET | |||||||
| TRUSTEE | SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION | X | $10,000 | 10000 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 1079500 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE ORGANIZATION RECEIVES A COPY OF THE 990 FROM THE ACCOUNTING FIRM PREPARING THE RETURN. THE CONTROLLER REVIEWS THE 990, FOLLOWED BY THE CFO. AFTER REVIEW BY THE CONTROLLER AND CFO, THE FORM IS PRESENTED TO THE BUDGET, AUDIT AND FINANCE (BAF) COMMITTEE FOR ITS REVIEW, APPROVAL AND RECOMMENDATION. THEN, THE BAF COMMITTEE PRESENTS THE FORM TO THE FULL BOARD OF TRUSTEES FOR ITS REVIEW AND APPROVAL PRIOR TO THE FILING OF THE RETURN. | |
| FORM 990, PART VI, SECTION B, LINE 12C | AN ANNUAL QUESTIONNAIRE IS SENT TO ALL BOARD MEMBERS AND SENIOR STAFF MEMBERS DOCUMENTING WHETHER THEY ARE INVOLVED IN ANY BUSINESS WITH THE FOUNDATION THAT COULD BE CONSTRUED AS GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST. THESE QUESTIONNAIRES ARE SIGNED BY EACH BOARD MEMBER AND SENIOR STAFF MEMBER AND RETURNED TO THE FOUNDATION'S CFO FOR MONITORING OF POTENTIAL CONFLICTS. ANY TRANSACTIONS WITH AN INTERESTED PARTY ARE AT ARM'S LENGTH AND ARE DISCLOSED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION'S BOARD OF DIRECTORS DETERMINES THE COMPENSATION FOR THE PRESIDENT USING VARIOUS METHODS THAT ENSURE THAT COMPENSATION IS IN LINE WITH THE FAIR MARKET RANGE FOR THE INDUSTRY. SURVEYS PROVIDED BY ORGANIZATIONS THAT SERVE AS CONSORTIUMS OF INDEPENDENT SCHOOLS ARE REFERENCED AND REVIEWED AS WELL AS FORMS 990 OF OTHER, SIMILAR ORGANIZATIONS. THE DISCUSSIONS AND DECISION BY THE EXECUTIVE COMMITTEE TAKE PLACE IN CLOSED SESSION, HOWEVER, THE PRESIDENT'S COMPENSATION PACKAGE IS DISCUSSED WITH AND PRESENTED TO THE BOARD PRIOR TO THE FINAL DECISION. OTHER KEY EMPLOYEES HAVE THEIR COMPENSATION PACKAGE RESEARCHED BY THE HUMAN RESOURCES DEPARTMENT INCLUDING COMPARISION WITH INDUSTRY STANDARDS. THESE PACKAGES ARE PRESENTED TO THE PRESIDENT FOR REVIEW AND FINAL APPROVAL AFTER DISCUSSIONS WITH THE BOARD PRIOR TO THE FINAL DECISION. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PAGE 6, PART VI, LINE 14 | THE ORGANIZATION HAS AN ORAL POLICY CONCERNING DOCUMENT RETENTION AND DESTRUCTION AND IS CURRENTLY IN THE PROCESS OF FORMALIZING THE PROCEDURE WITH A WRITTEN POLICY. | DOCUMENT DESTRUCTION AND RETENTION POLICY: |