Valley Forge Military Academy Foundation is located in Wayne, PA. The organization was established in 1946. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Valley Forge Military Academy Foundation employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Forge Military Academy Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Valley Forge Military Academy Foundation generated $14.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $17.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL INSTITUTION FOCUSED ON BUILDING LEADERSHIP THROUGH A MILITARY ENVIRONMENT.
Describe the Organization's Program Activity:
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 231 STUDENTS DURING THE YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Col Stuart Helgeson President | Officer | 40 | $164,915 |
Vincent J Vuono CPA Chief Financial Officer(until 9/20) | Officer | 40 | $160,000 |
Paul Lea Dean Of Academy | 40 | $103,069 | |
Eric Saul Chief Financial Officer | Officer | 40 | $67,308 |
John English Chairman | OfficerTrustee | 1 | $0 |
Robert A Bacine ESQ Vice Chair | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Lintons Food Service Management Food Svc/uniforms | 6/29/21 | $1,398,919 |
Riley Riper Hollin & Colagreco Legal Services | 6/29/21 | $346,331 |
Mcdonnell Contractors Inc Construction | 6/29/21 | $305,620 |
Main Line Janitorial Service Inc Custodial | 6/29/21 | $1,340,618 |
Sodexo Inc Food Svc/uniforms | 6/29/21 | $511,232 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $61,000 |
Related organizations | $0 |
Government grants | $114,348 |
All other contributions, gifts, grants, and similar amounts not included above | $1,429,677 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,605,025 |
Total Program Service Revenue | $11,919,600 |
Investment income | $190,158 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $5,785 |
Net Gain/Loss on Asset Sales | $94,100 |
Net Income from Fundraising Events | $12,133 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $14,074,781 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $3,491,038 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $470,849 |
Compensation of current officers, directors, key employees. | $470,849 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,245,239 |
Pension plan accruals and contributions | $45,812 |
Other employee benefits | $554,190 |
Payroll taxes | $317,207 |
Fees for services: Management | $0 |
Fees for services: Legal | $686,468 |
Fees for services: Accounting | $105,750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $41,447 |
Fees for services: Other | $976,587 |
Advertising and promotion | $141,873 |
Office expenses | $1,059,840 |
Information technology | $46,364 |
Royalties | $0 |
Occupancy | $1,318,374 |
Travel | $23,627 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $228,457 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,167,938 |
Insurance | $0 |
All other expenses | $189,637 |
Total functional expenses | $17,905,926 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $520 |
Savings and temporary cash investments | $1,373,147 |
Pledges and grants receivable | $389,364 |
Accounts receivable, net | $180,008 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $81,743 |
Prepaid expenses and deferred charges | $684,929 |
Net Land, buildings, and equipment | $14,661,168 |
Investments—publicly traded securities | $11,042,277 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $12,074,127 |
Total assets | $40,487,283 |
Accounts payable and accrued expenses | $1,646,718 |
Grants payable | $0 |
Deferred revenue | $1,200,655 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $900,000 |
Secured mortgages and notes payable | $1,995,743 |
Unsecured mortgages and notes payable | $3,408,656 |
Other liabilities | $0 |
Total liabilities | $9,151,772 |
Net assets without donor restrictions | $5,627,463 |
Net assets with donor restrictions | $25,708,048 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $40,487,283 |
Over the last fiscal year, we have identified 1 grants that Valley Forge Military Academy Foundation has recieved totaling $2,500.
Awarding Organization | Amount |
---|---|
Goodman Foundation Bridgewater, CT PURPOSE: CHARITABLE | $2,500 |
Beg. Balance | $11,258,900 |
Earnings | $1,839,650 |
Net Contributions | $34,235 |
Other Expense | $314,275 |
Grants | $683,300 |
Ending Balance | $12,135,210 |
Organization Name | Assets | Revenue |
---|---|---|
The Hill School Pottstown, PA | $339,549,890 | $89,638,080 |
Regents Of The Mercersburg College Mercersburg, PA | $535,140,744 | $49,172,082 |
Gilman School Inc Baltimore, MD | $238,892,271 | $38,036,593 |
Blair Academy Blairstown, NJ | $256,075,147 | $54,316,334 |
Holton-Arms School Inc Bethesda, MD | $133,918,121 | $38,119,997 |
Western Reserve Academy Hudson, OH | $203,998,204 | $58,141,913 |
The Seven Hills Schools Cincinnati, OH | $111,206,150 | $34,365,521 |
Morristown-Beard School Morristown, NJ | $71,175,267 | $35,071,625 |
Pennington School Pennington, NJ | $95,126,184 | $33,377,887 |
St Andrews Episcopal School Inc Potomac, MD | $83,174,031 | $30,817,454 |
St Andrews School Of Delaware Inc Middletown, DE | $398,873,444 | $32,788,416 |
Malvern Preparatory School Malvern, PA | $76,971,760 | $36,046,304 |