Nonprofit · EIN 23-7097511
VIRGINIA PROPERTY INSURANCE ASSN
Tax-exempt · GLEN ALLEN, VA 23059
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $22,316,997 | $11,991,601 | $10,325,396 | $38,193,703 | $17,823,612 | $20,370,091 |
| September 30, 2024 | 990 | $18,140,758 | $19,202,869 | -$1,062,111 | $30,357,904 | $19,535,314 | $10,822,590 |
| September 30, 2023 | 990 | $15,058,529 | $14,685,084 | $373,445 | $27,761,567 | $15,178,810 | $12,582,757 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $21,040,474
- Investment income
- $1,276,523
- Tax-exempt bond proceeds
- $1,276,523
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $6,165,922
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $842,562
- Salaries, compensation and benefits (total)
- $1,177,046
- Professional fundraising fees
- $0
- Legal fees
- $687
- Accounting fees
- $44,240
- Travel
- $19,885
- Depreciation
- $8,583
- Program services (functional)
- $9,475,270
- Management and general (functional)
- $2,516,331
Balance sheet and other
- Total assets, start of year
- $30,357,904
- Total assets, end of year
- $38,193,703
- Total liabilities, end of year
- $17,823,612
- Net assets, end of year
- $20,370,091
- Gross receipts
- $22,316,997
- Employees
- 19
- Volunteers
- 0
- Year formed
- 1968
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ms Susan M Tinsley CPCU | General Manager and Secretary Trustee or director, Officer | 50 | $227,230 |
| Ms Kelly Biester | Assistant Manager Key employee | 50 | $158,566 |
| Mr David Bonenfant CPCU ChFC CLU | Chairman Trustee or director | 0.8 | $0 |
| Ms Nicole Sportiello | Board Member Trustee or director | 0.8 | $0 |
| Mr Conleth Kennedy | Vice Chairman Trustee or director | 0.8 | $0 |
| Ms Betty Wooldridge | Board Member Trustee or director | 0.8 | $0 |
| Mr Noland Deas | Board Member Trustee or director | 0.8 | $0 |
| Ms Robee Berry | Board Member Trustee or director | 0.8 | $0 |
| Mr Karl Eckhardt | Board Member Trustee or director | 0.8 | $0 |
| Mr Shane Badon | Board Member Trustee or director | 0.8 | $0 |
| Mr Matt Hudnell | Board Member Trustee or director | 0.8 | $0 |
| Mr Matt Youngsma | Board Member Trustee or director | 0.8 | $0 |
| Mr Chad Harvel | Board Member Trustee or director | 0.8 | $0 |
| Mr Scott DeNoon | Board Member Trustee or director | 0.8 | $0 |
| Ms Edith Mason | Alternate Board Member Trustee or director | 0.8 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mr Tom Mathes | Alternate Board Member Trustee or director | 0.8 | $0 |
| Ms Melanie Hartwell | Alternate Board Member Trustee or director | 0.8 | $0 |
| Mr Peter Maercklein | Alternate Board Member Trustee or director | 0.8 | $0 |
| Ms Cheryl Watts | Alternate Board Member Trustee or director | 0.8 | $0 |
| Mr Kenneth Jarvis | Alternate Board Member Trustee or director | 0.8 | $0 |
| Mr Eddie Redfearn | Agent Board Member Trustee or director | 0.8 | $0 |
| Ms Carla Marks | Agent Board Member Trustee or director | 0.8 | $0 |
| Mr James Stacia | Public Board Member Trustee or director | 0.8 | $0 |
990 for the year ended September 30, 2024: 27 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ms Susan M Tinsley CPCU | General Manager and Secretary Trustee or director, Officer | 50 | $228,896 |
| Ms Kelly Biester | Assistant Manager Key employee | 50 | $158,555 |
| Mr Sam Rooks CPCU AU | Chairman Trustee or director | 0.8 | $0 |
| Mr David Bonenfant CPCU ChFC CLU | Vice Chairman Trustee or director | 0.8 | $0 |
| Mr Zack Schwartz | Board Member Trustee or director | 0.8 | $0 |
| Mr Eddie Redfearn | Board Member Trustee or director | 0.8 | $0 |
| Mr Conleth Kennedy | Board Member Trustee or director | 0.8 | $0 |
| Ms Betty Wooldridge | Board Member Trustee or director | 0.8 | $0 |
| Mr Noland Deas | Board Member Trustee or director | 0.8 | $0 |
| Ms Robee Berry | Board Member Trustee or director | 0.8 | $0 |
| Mr Karl Eckhardt | Board Member Trustee or director | 0.8 | $0 |
| Mr Shane Badon | Board Member Trustee or director | 0.8 | $0 |
| Mr Matt Moore | Board Member Trustee or director | 0.8 | $0 |
| Mr Avrum Heafitz | Board Member Trustee or director | 0.8 | $0 |
| Mr Matt Youngsma | Board Member Trustee or director | 0.8 | $0 |
| Mr Chad Harvel | Board Member Trustee or director | 0.8 | $0 |
| Mr Scott DeNoon | Board Member Trustee or director | 0.8 | $0 |
| Ms Edith Mason | Alternate Board Member Trustee or director | 0.8 | $0 |
| Mr Tom Mathes | Alternate Board Member Trustee or director | 0.8 | $0 |
| Ms Melanie Hartwell | Alternate Board Member Trustee or director | 0.8 | $0 |
| Mr Peter Maercklein | Alternate Board Member Trustee or director | 0.8 | $0 |
| Ms Cheryl Watts | Alternate Board Member Trustee or director | 0.8 | $0 |
| Mr Kenneth Jarvis | Alternate Board Member Trustee or director | 0.8 | $0 |
| Mr Douglas S Favre | Agent Board Member Trustee or director | 0.8 | $0 |
| Ms Carla Marks | Agent Board Member Trustee or director | 0.8 | $0 |
| Mr Larry Halterman | Public Board Member Trustee or director | 0.8 | $0 |
| Mr James Stacia | Public Board Member Trustee or director | 0.8 | $0 |
990 for the year ended September 30, 2023: 27 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ms Susan M Tinsley CPCU | General Manager and Secretary Trustee or director, Officer | 50 | $214,211 |
| Ms Kelly Biester | Assistant Manager Key employee | 50 | $148,302 |
| Mr Sam Rooks CPCU AU | Chairman Trustee or director | 0.8 | $0 |
| Mr David Bonenfant CPCU ChFC CLU | Vice Chairman Trustee or director | 0.8 | $0 |
| Mr Zack Schwartz | Board Member Trustee or director | 0.8 | $0 |
| Mr Jarrad West | Board Member Trustee or director | 0.8 | $0 |
| Mr Conleth Kennedy | Board Member Trustee or director | 0.8 | $0 |
| Ms Betty Wooldridge | Board Member Trustee or director | 0.8 | $0 |
| Mr Noland Deas | Board Member Trustee or director | 0.8 | $0 |
| Ms Robee Berry | Board Member Trustee or director | 0.8 | $0 |
| Mr Michael Hernandez | Board Member Trustee or director | 0.8 | $0 |
| Mr Shane Badon | Board Member Trustee or director | 0.8 | $0 |
| Ms Heather Hamilton | Board Member Trustee or director | 0.8 | $0 |
| Mr Avrum Heafitz | Board Member Trustee or director | 0.8 | $0 |
| Mr Matt Youngsma | Board Member Trustee or director | 0.8 | $0 |
| Mr Chad Harvel | Board Member Trustee or director | 0.8 | $0 |
| Mr Scott DeNoon | Alternate Board Member Trustee or director | 0.8 | $0 |
| Ms Edith Mason | Alternate Board Member Trustee or director | 0.8 | $0 |
| Mr Tom Mathes | Alternate Board Member Trustee or director | 0.8 | $0 |
| Ms Melanie Hartwell | Alternate Board Member Trustee or director | 0.8 | $0 |
| Mr Peter Maercklein | Alternate Board Member Trustee or director | 0.8 | $0 |
| Ms Cheryl Watts | Alternate Board Member Trustee or director | 0.8 | $0 |
| Mr Kenneth Jarvis | Alternate Board Member Trustee or director | 0.8 | $0 |
| Mr Douglas S Favre | Agent Board Member Trustee or director | 0.8 | $0 |
| Ms Carla Marks | Agent Board Member Trustee or director | 0.8 | $0 |
| Mr Larry Halterman | Public Board Member Trustee or director | 0.8 | $0 |
| Mr James Stacia | Public Board Member Trustee or director | 0.8 | $0 |
Address and contacts
- Address (IRS master file)
- 301 CONCOURSE BLVD STE 190, GLEN ALLEN, VA 23059-5759
- Principal officer (990 for 2024)
- SUSAN TINSLEY, 301 CONCOURSE BLVD, SUITE 190, GLEN ALLEN, VA 23059
- Signed the 990
- SUSAN TINSLEY, GENERAL MANAGER & SECRETARY
- Phone
- (804) 591-3700
- Website
- www.vpia.com
Mission
The Virginia Property Insurance Association (VPIA or "the Association") was established by the Virginia State Corporation Commission for the purpose of Administering a program of equitable distribution and placement of basic property insurance in compliance with the urban property protection and reinsurance act of 1968. The program became effective on July 26, 1968, as the Virginia Insurance Placement Facility and was reorganized as VPIA October 1, 1973. VPIA issues policies on behalf of its members who bear the direct risk on a pro-rata basis. VPIA is responsible for the collection of premiums, payment of commissions, losses and loss adjustment expenses, and also general administrative expenses. Assessments are made on participating companies for funds as they are needed.
Program accomplishments
- The Virginia Property Insurance Association (VPIA or "the Association") was established by the Virginia State Corporation Commission for the purpose of Administering a program of equitable distribution and placement of basic property insurance in compliance with the urban property protection and reinsurance act of 1968. The program became effective on July 26, 1968, as the Virginia Insurance Placement Facility and was reorganized as VPIA October 1, 1973. VPIA issues policies on behalf of its members who bear the direct risk on a pro-rata basis. VPIA is responsible for the collection of premiums, payment of commissions, losses and loss adjustment expenses, and also general administrative expenses. Assessments are made on participating companies for funds as they are needed.Expenses $9,475,270
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 23-7097511
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $38,193,703
- Income (IRS master file)
- $22,316,997
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $22,316,997 | $11,991,601 | $38,193,703 | XML |
| 990 | September 2024 | $18,140,758 | $19,202,869 | $30,357,904 | XML |
| 990 | September 2023 | $15,058,529 | $14,685,084 | $27,761,567 | XML |
| 990 | September 2022 | $14,542,015 | $13,739,599 | $26,208,829 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7097511).
Questions about VIRGINIA PROPERTY INSURANCE ASSN
- What is the EIN of VIRGINIA PROPERTY INSURANCE ASSN?
- The employer identification number (EIN) of VIRGINIA PROPERTY INSURANCE ASSN is 23-7097511.
- Is VIRGINIA PROPERTY INSURANCE ASSN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1973.
- Are donations to VIRGINIA PROPERTY INSURANCE ASSN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIRGINIA PROPERTY INSURANCE ASSN file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VIRGINIA PROPERTY INSURANCE ASSN due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIA PROPERTY INSURANCE ASSN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of VIRGINIA PROPERTY INSURANCE ASSN?
- The 990 for the year ended September 30, 2025 names SUSAN TINSLEY.
- Who are the officers and directors of VIRGINIA PROPERTY INSURANCE ASSN?
- The 990 for the year ended September 30, 2025 lists 23 people; 2 received compensation from the organization, the highest $227,230 (Ms Susan M Tinsley CPCU, General Manager and Secretary).
- How much revenue does VIRGINIA PROPERTY INSURANCE ASSN have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $22,316,997, expenses of $11,991,601 and total assets of $38,193,703 at year end.
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