Nonprofit · EIN 54-0417722
VIRGINIA BANKERS ASSOCIATION
Tax-exempt · GLEN ALLEN, VA 23060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,057,791 | $1,542,723 | $515,068 | $15,425,593 | $2,062,251 | $13,363,342 |
| December 31, 2023 | 990 | $2,052,435 | $1,356,544 | $695,891 | $14,662,412 | $1,890,063 | $12,772,349 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,443,693
- Investment income
- $35,913
- Royalties
- $136,917
- Other revenue
- $578,185
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $849,704
- Other salaries and wages
- $160,149
- Salaries, compensation and benefits (total)
- $1,100,559
- Professional fundraising fees
- $0
- Legal fees
- $179,048
- Accounting fees
- $11,500
- Travel
- $32,072
- Depreciation
- $32,941
Balance sheet and other
- Total assets, start of year
- $14,662,412
- Total assets, end of year
- $15,425,593
- Total liabilities, end of year
- $2,062,251
- Net assets, end of year
- $13,363,342
- Land, buildings and equipment
- $31,801
- Publicly traded securities
- $52,968
- Net assets without donor restrictions
- $13,363,342
- Gross receipts
- $2,057,791
- Employees
- 34
- Volunteers
- 20
- Year formed
- 1942
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRUCE WHITEHURST | PRESIDENT & CEO Officer | 24 | $400,172 | $266,782 | $137,440 |
| LAURIE MILLIGAN | COO & PRESIDENT, VBA BENEFITS CORP Highest-paid employee | 1 | $0 | $300,594 | $30,334 |
| MATTHEW BRUNING | EXECUTIVE VP Officer | 28 | $159,116 | $68,192 | $35,341 |
| STACY PUCKETT | CHIEF FINANCIAL OFFICER Officer | 4 | $21,124 | $190,114 | $29,492 |
| DEMARION JOHNSTON | GENERAL COUNSEL & CORP SECRETARY Officer | 18 | $81,529 | $99,648 | $34,602 |
| JOHN SNEAD | VP MEMBER SERVICES, VBA BENEFITS CORP Highest-paid employee | 1 | $0 | $148,130 | $16,874 |
| TRACY OTTINGER | SVP, MEMBER SERVICES, VBA MSI Highest-paid employee | 1 | $0 | $143,801 | $17,815 |
| CHANDLER OWDOM | SENIOR VICE PRESIDENT Officer | 20 | $49,365 | $49,365 | $25,352 |
| VICTOR K BRANCH | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| THOMAS F CHERRY | CHAIRMAN ELECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LITZ H VAN DYKE | IMMEDIATE PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES R BLACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID P BOYLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN J BROUGH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER W BERGSTROM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVEN A DELUCA | BOARD MEMBER Trustee or director | 1 | $0 |
| AUBREY H HALL III | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT C HARVARD | BOARD MEMBER Trustee or director | 1 | $0 |
| G LYN HAYTH III | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS L RANSOM | BOARD MEMBER Trustee or director | 1 | $0 |
| SHANE MCLAUGHLIN | BOARD MEMBER Trustee or director | 1 | $0 |
| W MARK NELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| SHERRI A SACKETT | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT F SHUFORD JR | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN K SKINNER | BOARD MEMBER Trustee or director | 1 | $0 |
| MARIA P TEDESCO | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH J THOMAS | BOARD MEMBER Trustee or director | 1 | $0 |
| JANET N TOPE | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT C WOOD JR | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN R CALDWELL | CHAIRMAN VBA BENEFITS CORP Trustee or director | 1 | $0 |
| GARY R SHOOK | CHAIRMAN VBA EDUCATION FOUNDATION Trustee or director | 1 | $0 |
| DENNIS A DYSART | CHAIRMAN VBA MANAGEMENT SERVICES Trustee or director | 1 | $0 |
| BRANDON C LOREY | CHAIRMAN GOVT RELATIONS Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRUCE WHITEHURST | PRESIDENT & CEO Officer | 24 | $372,522 | $248,348 | $162,039 |
| LAURIE MILLIGAN | COO VBA BENEFITS CORP Highest-paid employee | 1 | $0 | $276,089 | $45,676 |
| MATTHEW J BRUNING | SVP, GOVERNMENT RELATIONS Officer | 28 | $158,789 | $68,053 | $40,285 |
| STACY PUCKETT | CHIEF FINANCIAL OFFICER Officer | 4 | $18,141 | $163,269 | $40,041 |
| DEMARION JOHNSTON | GENERAL COUNSEL & SECRETAR Officer | 18 | $78,486 | $95,927 | $37,060 |
| TRACY OTTINGER | SVP MEMBER SERVICES INC Highest-paid employee | 1 | $0 | $142,099 | $24,582 |
| JOHN SNEAD | VP MEMBER SERVICES Highest-paid employee | 1 | $0 | $141,918 | $21,676 |
| CHANDLER OWDOM | VICE PRESIDENT Officer | 20 | $48,562 | $48,562 | $27,220 |
| LITZ H VANDYKE | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VICTOR K BRANCH | CHAIRMAN ELECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRISTOPHER W BERGSTROM | IMMEDIATE PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES BLACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID P BOYLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN J BROUGH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN CALDWELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS F CHERRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN A DELUCA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AUBREY H HALL III | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT C HARVARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| G LYN HAYTH III | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BRANDON C LOREY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS L RANSOM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SHERRI A SACKETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT F SHUFORD JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN K SKINNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARIA P TEDESCO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH JANNEY THOMAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JANET N TOPE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT C WOOD JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4490 COX RD, GLEN ALLEN, VA 23060-3325
- Principal officer (990 for 2024)
- STACY PUCKETT, 4490 COX RD, GLEN ALLEN, VA 23060
- Signed the 990
- STACY PUCKETT, CFO
- Phone
- (804) 643-7469
- Website
- VABANKERS.ORG
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
THE MISSION OF THE VBA IS TO ENHANCE BANKING'S ABILITY TO COMPETE EFFECTIVELY AND PROFITABLY IN THE MARKETPLACE.
Program accomplishments
- VBA PROTECTS THE INTERESTS OF COMMERCIAL AND SAVINGS BANKS IN VIRGINIA AND PROVIDES CONTINUING EDUCATION FOR MEMBERS.
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 | Not 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
- 54-0417722
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $15,425,593
- Income (IRS master file)
- $2,057,791
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,057,791 | $1,542,723 | $15,425,593 | XML |
| 990 | December 2023 | $2,052,435 | $1,356,544 | $14,662,412 | XML |
| 990 | December 2022 | $2,496,169 | $1,038,922 | $13,737,595 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 54-0417722).
Questions about VIRGINIA BANKERS ASSOCIATION
- What is the EIN of VIRGINIA BANKERS ASSOCIATION?
- The employer identification number (EIN) of VIRGINIA BANKERS ASSOCIATION is 54-0417722.
- Is VIRGINIA BANKERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1942.
- Are donations to VIRGINIA BANKERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIRGINIA BANKERS ASSOCIATION 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 BANKERS ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIA BANKERS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VIRGINIA BANKERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 names STACY PUCKETT.
- Who are the officers and directors of VIRGINIA BANKERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 33 people; 5 received compensation from the organization, the highest $400,172 (BRUCE WHITEHURST, PRESIDENT & CEO).
- How much revenue does VIRGINIA BANKERS ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,057,791, expenses of $1,542,723 and total assets of $15,425,593 at year end.
Other nonprofits in GLEN ALLEN
- OLD DOMINION ELECTRIC COOPERATIVE EIN 23-7048405 · last filed 990 for 2024
- VIRGINIA UNITED METHODIST HOMES INC EIN 54-0720603 · last filed 990 for 2025
- VIRGINIA BANKERS ASSOCIATION GROUP BENEFITS TRUST EIN 54-6198695 · last filed 990 for 2025
- LAKEWOOD MANOR BAPTIST RETIREMENT COMMUNITY INC EIN 52-1368410 · last filed 990 for 2024
- NEWPORT NEWS BAPTIST RETIREMENT COMMUNITY INC EIN 52-1368408 · last filed 990 for 2024
- VIRGINIA UNITED METHODIST HOMES OF WILLIAMSBURG INC EIN 30-0173798 · last filed 990 for 2025
- VIRGINIA PROPERTY INSURANCE ASSN EIN 23-7097511 · last filed 990 for 2025
- THE GLEBE INC EIN 54-1917966 · last filed 990 for 2024