Nonprofit · EIN 47-6709961
STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST
Tax-exempt · GLEN ALLEN, VA 23060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,162,573 | $5,161,041 | $1,532 | $42,806 | $530 | $42,276 |
| December 31, 2024 | 990 | $5,023,421 | $5,023,027 | $394 | $41,185 | $441 | $40,744 |
| December 31, 2023 | 990 | $7,367,000 | $7,365,079 | $1,921 | $40,812 | $462 | $40,350 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,159,579
- Investment income
- $2,994
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $5,159,578
- Compensation of officers, directors and key employees
- $1,463
- Salaries, compensation and benefits (total)
- $1,463
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $41,185
- Total assets, end of year
- $42,806
- Total liabilities, end of year
- $530
- Net assets, end of year
- $42,276
- Gross receipts
- $5,162,573
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2015
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRUIST BANK | TRUSTEE Institutional trustee | 1 | $1,463 |
| THOMAS F CHERRY | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE R AUSTIN | BOARD CHAIR Trustee or director | 1 | $0 |
| W MARK NELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| BRANDON LOREY | BOARD MEMBER Trustee or director | 1 | $0 |
| ELIZABETH T BEALE | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN R CALDWELL | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFFREY H CULVER | BOARD MEMBER Trustee or director | 1 | $0 |
| BARRY C ELSWICK | BOARD MEMBER Trustee or director | 1 | $0 |
| MELODY D EMSWILER | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES E HENDRICKS JR | BOARD MEMBER Trustee or director | 1 | $0 |
| C TAYLOR QUICKE | BOARD MEMBER Trustee or director | 1 | $0 |
| LARA E RAMSEY | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRUIST BANK | TRUSTEE Institutional trustee | 1 | $3,041 |
| JOHN R CALDWELL | CHAIRMAN Trustee or director | 1 | $0 |
| THOMAS F CHERRY | BOARD MEMBER Trustee or director | 1 | $0 |
| BARRY C ELSWICK | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFF CULVER | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE R AUSTIN | BOARD MEMBER Trustee or director | 1 | $0 |
| W MARK NELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES HENDRICKS JR | BOARD MEMBER Trustee or director | 1 | $0 |
| ELIZABETH T BEALE | BOARD MEMBER Trustee or director | 1 | $0 |
| MELODY D EMSWILER | BOARD MEMBER Trustee or director | 1 | $0 |
| BRANDON LOREY | BOARD MEMBER Trustee or director | 1 | $0 |
| C TAYLOR QUICKE | BOARD MEMBER Trustee or director | 1 | $0 |
| LARA E RAMSEY | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRUIST BANK | TRUSTEE Institutional trustee | 1 | $3,314 |
| THOMAS F CHERRY | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN R CALDWELL | CHAIRMAN Trustee or director | 1 | $0 |
| BARRY C ELSWICK | BOARD MEMBER Trustee or director | 1 | $0 |
| JAY A STAFFORD | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE R AUSTIN | BOARD MEMBER Trustee or director | 1 | $0 |
| W MARK NELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES HENDRICKS JR | BOARD MEMBER Trustee or director | 1 | $0 |
| ELIZABETH T BEALE | BOARD MEMBER Trustee or director | 1 | $0 |
| MELODY D EMSWILER | BOARD MEMBER Trustee or director | 1 | $0 |
| BRANDON LOREY | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4490 COX RD, GLEN ALLEN, VA 23060-3325
- In care of
- % SUNTRUST BANK TTEE
- Principal officer (990 for 2025)
- STACY PUCKETT, 4490 COX ROAD, GLEN ALLEN, VA 23060
- Signed the 990
- STACY PUCKETT, CFO
- Phone
- (804) 819-4727
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
VEBA TRUST FOR THE VIRGINIA BANKERS ASSOCIATION GROUP WELFARE BENEFIT PLANS
Program accomplishments
- PREMIUMS PAID FOR MEDICARE SUPPLEMENT, VISION, ACCIDENT, LONG-TERM CARE, CRITICAL ILLNESS, DISABILITY AND HOSPITAL INDEMNITY COVERAGE, GROUP LIFE INSURANCE, ID THEFT, PET INSURANCE, AND LEGAL SERVICES COVERAGE.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-6709961
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $42,806
- Income (IRS master file)
- $5,162,573
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,162,573 | $5,161,041 | $42,806 | XML |
| 990 | December 2024 | $5,023,421 | $5,023,027 | $41,185 | XML |
| 990 | December 2023 | $7,367,000 | $7,365,079 | $40,812 | XML |
| 990 | December 2022 | $7,062,495 | $7,047,422 | $39,082 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 47-6709961).
Questions about STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST
- What is the EIN of STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST?
- The employer identification number (EIN) of STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST is 47-6709961.
- Is STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2016.
- Are donations to STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST 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 STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST?
- The 990 for the year ended December 31, 2025 names STACY PUCKETT.
- Who are the officers and directors of STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $1,463 (TRUIST BANK, TRUSTEE).
- How much revenue does STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,162,573, expenses of $5,161,041 and total assets of $42,806 at year end.
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