Cadet Foundation
Nonprofit profile at a glance
- EIN
- 871333054
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2021
- Location
- Yorktown, VA, USA
- Phone
- 7578696770
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $33,387
- Expenses
- $62,072
- Assets
- $59,693
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Robert Morris (President and Treasurer)
People named in this filing
- James Mansfield (Director)
- Debora Hansen (Secretary)
- Robert Morris (President and Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Cadet Foundation operates and publishes The Cadet newspaper as the independent voice of the VMI Corps of Cadets and Alumni since its creation in 1871, its transition to a newspaper format in 1907, and today. Our mission is to support the journalistic pursuits in publishing the student-produced and alumni supported medium of news and information by cadets and alumni in continuing the positive and proud tradition and enhance the bonds between these two essential groups. The interaction will enhance the academic, military, intellectual and professional development experiences of its cadet members interested in careers in journalism or related fields as well as offer leadership opportunities to practice academic, military, and personal skills. The Cadet Foundation also supports other programs that directly benefit Cadets and their working with alumni that are nominated by Cadets and alumni to meet the Foundation's mission.
What it reported doing in 2025
Support to cadets participating in The Cadet newspaper at the Virginia Military Institute to include publication of their independent cadet edited student newspaper as well as related journalism and personal development programs working with alumni and other mentors.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 93
- Transparency & Controls: 82
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 81.2%; rating input score 81
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -85.9%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 0.96; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 74.1% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 16.1% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 32.6% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 81.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $50K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 8/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.