Valley Forge Military Academy Foundation

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Col Stuart Helgeson
President
$164,915
Vincent J Vuono CPA
Chief Financial Officer(until 9/20)
$160,000
Paul Lea
Dean Of Academy
$103,069
Eric Saul
Chief Financial Officer
$67,308
John English
Chairman
$0
Robert A Bacine ESQ
Vice Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lintons Food Service Management
Food Svc/uniforms
$1,398,919
Riley Riper Hollin & Colagreco
Legal Services
$346,331
Mcdonnell Contractors Inc
Construction
$305,620
Main Line Janitorial Service Inc
Custodial
$1,340,618
Sodexo Inc
Food Svc/uniforms
$511,232
View All Vendors

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Valley Forge Military Academy Foundation has recieved totaling $2,500.

Awarding OrganizationAmount
Goodman Foundation

Bridgewater, CT

PURPOSE: CHARITABLE

$2,500
View Grant Recipient Profile

Endowment Analysis

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

Peer Organizations

Organization NameAssets
The Hill School
Pottstown, PA
$89,638,080
Regents Of The Mercersburg College
Mercersburg, PA
$49,172,082
Gilman School Inc
Baltimore, MD
$38,036,593
Blair Academy
Blairstown, NJ
$54,316,334
Holton-Arms School Inc
Bethesda, MD
$38,119,997
Western Reserve Academy
Hudson, OH
$58,141,913
The Seven Hills Schools
Cincinnati, OH
$34,365,521
Morristown-Beard School
Morristown, NJ
$35,071,625
Pennington School
Pennington, NJ
$33,377,887
St Andrews Episcopal School Inc
Potomac, MD
$30,817,454
St Andrews School Of Delaware Inc
Middletown, DE
$32,788,416
Malvern Preparatory School
Malvern, PA
$36,046,304

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