Vmi Keydet Club
The mission of Vmi Keydet Club is to support, strengthen, and develop the intercollegiate athletic program at Virginia military institute.
Vmi Keydet Club at a glance
In short: Vmi Keydet Club gave $8.3M across 2 grants in 2025 (avg $4.2M), mostly in Virginia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $8,329,681
- -16.1% vs 2024
- Grants made (2025)
- 2
- -50.0% vs 2024
- Average grant
- $4,164,841
- +67.8% vs 2024
- Median grant
- $4,164,841
- Total assets
- $118,883,177
- +6.3% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Vmi Keydet Club
Open Grants
2 open opportunities from Vmi Keydet Club
Who Vmi Keydet Club funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Virginia Military Institute ($8.0M). Together the top 2 received $8.3M.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was in the $1–5M range: 7 grants of 20 (35%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Vmi Keydet Club gives
- Giving grew 42% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $5.3M (2021) to $9.9M (2024). In 2025 it made 2 grants totaling $8.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Military Institute Lexington, VA | Various Program Support | $8,014,622 |
| VMI Alumni Agencies Board Lexington, VA | Administrative Support | $315,059 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $118,883,177 | $8,501,922 | $9,337,330 | $8,329,681 | 2 | $1,716,979 |
| 2024 | $111,868,702 | $8,205,074 | $10,654,541 | $9,927,488 | 4 | $2,201,901 |
| 2023 | $105,473,521 | $12,099,526 | $8,223,057 | $6,831,623 | 4 | $2,241,031 |
| 2022 | $95,483,413 | $9,549,405 | $7,652,181 | $5,875,387 | 5 | $1,107,683 |
| 2021 | $97,881,699 | $7,186,190 | $6,713,305 | $5,318,392 | 5 | $1,060,962 |
About Vmi Keydet Club
Based on IRS filings
Vmi Keydet Club is a public charity focused on Education, based in Lexington, VA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $118.9M in total assets. In 2025, it awarded 2 grants totaling $8.3M. Net investment income was $1.7M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Vmi Keydet Club is led by David L Prasnicki, Chief Executive Officer since 2022 (on filings since 2021); 1 of 31 officers listed in 2025 is compensated.
Officers on the 2025 filing
David L Prasnicki
Chief Executive Officer
Chief Financial Officer → Chief Executive Officer, 2022
On filings since 2021
2 hrs/week
No compensation reported
Andrew C Deal
Chief Operating Officer
On filings since 2022
40 hrs/week
$83K (2022) → $144K (2025)
Bland Massie Jr.
Board Member
Board Member → Immediate Past President, 2024
Immediate Past President → Board Member, 2025
On filings since 2021
2 hrs/week
No compensation reported
Crissy S Elliott
Chief Financial Officer
Financial Controller → Chief Financial Officer, 2022
On filings since 2021
2 hrs/week
No compensation reported
Daniel P Thornton
Board Member
Board Member → President, 2024
President → Board Member, 2025
On filings since 2021
2 hrs/week
No compensation reported
Gordon E Williams
Board Member
On filings since 2021
2 hrs/week
No compensation reported
J Coleman Lawrence
Board Member
On filings since 2021
2 hrs/week
No compensation reported
Jeremy W Ingram
Board Member
On filings since 2021
2 hrs/week
No compensation reported
John D Dodge II
Board Member
On filings since 2021
2 hrs/week
No compensation reported
Kelly M Sweppenhiser
Board Member
On filings since 2021
2 hrs/week
No compensation reported
Ralph L Costen Jr.
Board Member
On filings since 2021
2 hrs/week
No compensation reported
Robert R Chapman III
Board Member
On filings since 2021
2 hrs/week
No compensation reported
Stephen E Hupp Sr.
Board Member
On filings since 2021
2 hrs/week
No compensation reported
Dustin H DeVore
Board Member
On filings since 2022
2 hrs/week
No compensation reported
Joseph W Keyes Jr.
Board Member
On filings since 2022
2 hrs/week
No compensation reported
Keith B Gabriel
Board Member
On filings since 2022
2 hrs/week
No compensation reported
Lezshell A Pauling
Board Member
On filings since 2022
2 hrs/week
No compensation reported
Pablo A Martinez
Board Member
On filings since 2022
2 hrs/week
No compensation reported
Michael B Kemp
Board Member
On filings since 2023
2 hrs/week
No compensation reported
Francis R Boehling
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Graham A Nuttycombe
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Kevin A Ryan
Financial Controller
On filings since 2024
2 hrs/week
No compensation reported
Simone R Jimenez
Board Member
On filings since 2024
2 hrs/week
No compensation reported
William H. Talley V
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Ernesto V Sampson Jr.
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Frederick J Killmeyer IV
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Kenneth B Luxhoj
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Lt Col R Peel Dillard USMCR
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Matthew R Hermenez
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Thomas J Langston
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Timothy M Keilty
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Former officers (31)
- Former: Andre W. Thornton (2021–2024) — Board Member
- Former: C. Lewis Reynolds Jr. (2021–2024) — Board Member
- Former: Carson C. Irvine (2021–2024) — Board Member
- Former: Erik S. Siebert (2021–2024) — Board Member
- Former: Julian J. Bowers (2021–2024) — Board Member
- Former: Lt Col R. Peel Dillard (2021–2024) — Board Member
- Former: Matthew F. Daniel (2021–2024) — Board Member
- Former: Erica J. Putney (2021–2023) — Board Member
- Former: Gerald J. Acuff Jr. (2021–2023) — Immediate Past President
- Former: Steven C. Craddock (2021–2023) — Board Member
- Former: David L. Wallenborn (2022–2023) — Board Member
- Former: Anthony U. Moore (2023) — Board Member
- Former: Thomas H. Zarges (2023) — Board Member
- Former: Captain Edward A. Johnson Jr. (2021–2022) — Board Member
- Former: Jason K. Gruse (2021–2022) — Board Member
- Former: John E. Arthur V (2021–2022) — Board Member
- Former: Joseph M. Sokolowski (2021–2022) — Board Member
- Former: Stephen M. Maconi (2021–2022) — CEO
- Former: Douglas P. Bartlett (2022) — Vice President
- Former: Alan Cowan (2021) — Board Member
- Former: Colonel Thomas A. Mortenson (2021) — Board Member
- Former: Conrad K. Wharton (2021) — Board Member
- Former: John G. Sebrell (2021) — Board Member
- Former: Kelsey Cosh (2021) — Corporate Secretary
- Former: Lt General Daniel J. Darnell (2021) — Vice President for Finance
- Former: Meade B. King (2021) — Chief Operating Officer
- Former: Ronald L. Gault Jr. (2021) — Board Member
- Former: Samuel N. Stocks (2021) — Board Member
- Former: Terrie Conrad (2021) — Vice President Development
- Former: Timothy A. Cordle (2021) — Board Member
- Former: U. Buzz Birzenieks (2021) — Board Member
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $144K, to Andrew C Deal (Chief Operating Officer).
Frequently asked questions about Vmi Keydet Club
How much does Vmi Keydet Club give each year?
Vmi Keydet Club gave $8.3M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $9.9M across 4 grants.
How large is Vmi Keydet Club?
Vmi Keydet Club reported $118.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $8.5M.
What is Vmi Keydet Club?
Vmi Keydet Club is a public charity focused on Education, based in Lexington, VA. It holds $118.9M in total assets as of 2025.
Where does Vmi Keydet Club operate?
Vmi Keydet Club has awarded grants in Virginia.
What is Vmi Keydet Club's EIN?
Vmi Keydet Club's EIN (Employer Identification Number) is 52-1300039. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2021–2025
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Vmi Keydet Club down — hundreds of funders to go?