2012-05-04T12:53:29-05:00 2011-06-30 PARENTEBEARD LLC 1200 ATWATER DRIVE SUITE 225 MALVERN PA 19355 990 2010-07-01 231178880 VALLEY FORGE MILITARY ACADEMY FOUNDATION VALL 6109891200 1001 EAGLE ROAD WAYNE PA 190873695 VINCENT VUONO CFO 6109891200 2012-05-04 1 JULIUS C GREEN CPA JD 6106478100 2010 2016-02-24 21:20:13Z VINCENT VUONO 1001 EAGLE ROAD WAYNE PA 190873695 34694703 0 X VFMAC.EDU X 1928 PA 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. 18 18 252 100 83786 0 1192314 1852767 23153914 26441805 10096946 553129 58529 130326 34501703 28978027 6071441 10055164 0 0 8825372 8983023 0 0 670460 12765038 11776891 27661851 30815078 6839852 -1837051 38334623 39020156 12288901 12464135 26045722 26556021 X 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. 0 0 24277157 10055164 26444694 VALLEY FORGE PROVIDES MORE THAN 550 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. 24277157 1 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 23 1 1 252 1 1 1 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 PA X X VINCENT VUONO CFO 6109891232 1001 EAGLE ROAD WAYNE PA 19087 ROBERT BACINE 1.00 X X 0 0 0 N GINO BANCO 1.00 X 0 0 0 RICHARD HOCKER 1.00 X 0 0 0 FREDERICK BREITENFELD JR 1.00 X 0 0 0 NILES DALLY 1.00 X 0 0 0 ANTOINETTE IADAROLA 1.00 X 0 0 0 WALTER J LEHMAN JR 1.00 X 0 0 0 J KENT MCNEW 1.00 X 0 0 0 WESTLEY MOORE 1.00 X 0 0 0 CONRAD MUHLY 1.00 X 0 0 0 DANIEL REAVY 1.00 X 0 0 0 CHRIS ROUSSOS 1.00 X 0 0 0 IVAN SABEL 1.00 X 0 0 0 GEORGE SCHILDGE 1.00 X 0 0 0 WILLIAM FLOYD 1.00 X X 0 0 0 TOM MIRGON 1.00 X 0 0 0 TIM O'ROURKE 1.00 X 0 0 0 PAUL RAYMOND III 1.00 X 0 0 0 HOWARD FORSTER 1.00 X 0 0 0 RICHARD JARDEN 1.00 X 0 0 0 DONALD MEADS 1.00 X 0 0 0 JANE MEADS 1.00 X 0 0 0 MICHAEL NOLEN 1.00 X 0 0 0 ROBERT PORTER 1.00 X 0 0 0 THOMAS SYKES 1.00 X 0 0 0 WILLIAM TIEFEL 1.00 X 0 0 0 CAPTAIN NF STEIN 1.00 X 0 0 0 SHAWN PHILLIPS 40.00 X 59608 0 0 VINCENT VUONO 40.00 X 191400 0 12226 DAVID GRAY 40.00 X 76685 0 0 KATHLEEN ANDERSON 40.00 X 110000 0 0 DENIS SPIZUOCO 40.00 X 116885 0 0 CHARLES A MCGEORGE 0.00 X 191704 0 0 746282 0 12226 4 1 1 0 SODEXO INC PO BOX 905374 CHARLOTTE NC 28290 FOOD SERVICE 1676483 KEYSTONE HEALTH PLAN EAST PO BOX 70250 PHILADELPHIA PA 19176 HEALTH BENEFITS 1087622 MAIN LINE JANITORIAL SERVICE 4438 LOBELLA COURT CHESTER SPRINGS PA 19425 LAUNDRY, CLEANING SERVICES 763048 FOLLETT HIGHER EDUCATION GROUP 1818 SWIFT ROAD OAK BROOK IL 60523 RUNS SCHOOL BOOKSTORE 628727 UGI ENERGY SERVICES INC PO BOX 827032 PHILADELPHIA PA 19182 GAS SUPPLIER 439588 20 279107 1573660 1852767 TUITION AND FEES 611600 25142528 25142528 SUMMER CAMP PROGRAM 611600 851677 851677 HOUSING RENTALS 611600 336523 336523 FINANCIAL AID 611600 80295 80295 CAVALRY 713990 30782 30782 26441805 435428 435428 153103 100099 53004 53004 53004 5602326 5483192 1433 119134 -1433 117701 117701 175603 131952 43651 43651 OTHER ADMINISTRATIVE I 900099 33671 33671 33671 28978027 26444694 83786 596780 10055164 10055164 7453957 4354262 2707891 391804 24576 24576 796958 553034 214880 29044 707532 423974 253091 30467 133661 133661 493682 66915 426767 408256 149236 187084 71936 68461 68461 238412 182759 33154 22499 321443 283574 30909 6960 1308487 1154336 125820 28331 ALLOCATION OF PLANT OPE 3965150 3589213 288263 87674 FOOD SERVICE 1465464 1465464 CONTRACTED SERVICES 1268680 674422 594258 UNIFORMS 816223 816223 BAD DEBTS 700000 700000 588972 508581 78646 1745 30815078 24277157 5867461 670460 1502 1502 1630227 948734 141512 561402 30002 4989178 4855021 140550 172845 804770 938539 42766488 25821669 17282059 16944819 6279713 7362925 349566 342347 6154144 7423422 38334623 39020156 2593393 2405962 2085822 3161882 6400000 6300000 1048601 455158 12646 3118 148439 138015 12288901 12464135 X 10845218 9110004 5795146 7123275 9405358 10322742 26045722 26556021 38334623 39020156 X -1837051 2347350 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X DECORATIVE- MILITARY TRADITION 0 8007355 53607 1332242 331700 9061504 7561355 952898 506898 8007355 9591096 -1522441 507300 7561355 0.76740 0.23260 1 0 2571602 2571602 35491461 22654781 12836680 4509504 3166888 1342616 193921 193921 16944819 INTEREST IN PERPETUAL TRUST 2970557 INTEREST IN CHARITABLE REMAINDER TRUSTS 4452865 7423422 ANNUITIES PAYABLE 138015 138015 28978027 30815078 -1837051 2347350 2347350 510299 21370312 2347350 100099 2447449 18922863 10055164 10055164 28978027 20860013 100099 100099 20759914 10055164 10055164 30815078 PART III, LINE 4: NUMEROUS ORIGINAL PAINTINGS, SCULPTURES, MILITARY ARTIFACTS AND DOCUMENTS ARE USED TO ENHANCE THE PROVIDING OF A SECONDARY AND COLLEGE EDUCATION IN A MILITARY ENVIRONMENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION HAS EVALUATED ITS TAX POSITIONS AS OF JUNE 30, 2011. 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, 2011, THE FOUNDATION HAS NO MATERIAL UNRECOGNIZED TAX BENEFITS OR ACCRUED INTEREST AND PENALTIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: FACILITIES RENTAL EXPENSES 100,099. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 10,055,164. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FACILITY RENTAL EXPENSES 100,099. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 10,055,164. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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 EXCEPT FOR BAND AND ATHLETICS (BASED ON MERIT). 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 ASSIST GRANT PROGRAM. VARIOUS FUNDRAISING EVENTS 175603 175603 131952 175603 175603 131952 131952 43651 1 VARIOUS 575 10055164 0 CASH N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: VF AWARDS INTERNAL MERIT SCHOLARSHIPS BASED ON THE CADET'S GRADES (GPA) FROM HIS / HER PREVIOUS SCHOOL AND BASED ON FINANCIAL NEED. THERE IS A MATRIX USED TO DETERMINE THE AMOUNT TO BE AWARDED TO EACH CADET. 1 X X 1 0 0 0 0 0 0 0 0 VINCENT VUONO 166400 0 25000 0 0 0 0 0 12226 0 203626 0 0 0 CHARLES A MCGEORGE 0 0 0 0 191704 0 0 0 0 0 191704 0 0 0 PART I, LINE 4A CHARLES A. MCGEORGE RECEIVED SEVERANCE OF $176,748 PART I, LINE 7 PA HIGHER EDUCATIONAL FACILITIES AUTHORITY 232243852 70917NC44 2004-03-01 4000000 CAPITAL PROJECTS (CONSTRUCTION) 0 0 0 4200000 200000 4000000 2005 0 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 NA 0 NA 0 0 NILES DALLY SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION X 5000 5002 0 1 1 WILLIAM R FLOYD JR SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION X 50000 41845 0 1 1 CONRAD E MUHLY IV SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION X 400000 403267 0 1 1 ROBERT A BACINE ESQ SHORT TERM LOAN - CASH BRIDGE FOR ORGANIZATION X 5000 5044 0 1 1 455158 RICHARD HOCKER BOARD MEMBER 5995 THE FOUNDATION MAINTAINS CERTAIN INVESTMENT ACCOUNTS WITH A FINANCIAL SERVICES FIRM OF WHICH RICHARD HOCKER IS AN OFFICER. RICHARD HOCKER IS A TRUSTEE FOR VALLEY FORGE MILITARY ACADEMY FOUNDATION.INVESTMENT FEES ARE PAID TO THE FINANCIAL SERVICES FIRM FOR MANAGEMENT OF AN INVESTMENT PORTFOLIO. 0 X HORSES 3 37288 FAIR MARKET VALUE X AUCTION ITEMS 70 23486 FAIR MARKET VALUE X OTHER VARIOUS ITEMS 19 37335 FAIR MARKET VALUE 0 1 0 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. 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. FORM 990, PART VI, SECTION C, LINE 18 A COPY OF THE 990 IS POSTED TO WWW.GUIDESTAR.ORG. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,347,350. THE ORGANIZATION DOES. FORM 990, PART XI, LINE 2C NO CHANGE FROM PRIOR YEAR.