Totals
- Total revenue
- $278,570
- Total expenses
- $190,428
- Contributions and grants received
- $118,611
- Grants paid
- $177,000
- Program service revenue
- $0
- Investment income
- $159,959
- Other revenue
- $0
- Total assets, end of year
- $2,180,337
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,180,337
- Program services expenses (Part IX)
- $177,000
- Management and general expenses
- $13,428
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $177,000
Program services were 92.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$118,611
-
3 · Investment income
total $78,725 · excluded $78,725
-
7a · Gross sales of assets other than inventory
securities $575,114
-
7b · Less cost or other basis and sales expenses
securities $493,880
-
7c · Gain or loss
securities $81,234
-
7d · Net gain or loss
total $81,234 · excluded $81,234
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $147,500 · program services $147,500
-
2 · Grants to domestic individuals
total $29,500 · program services $29,500
-
11c · Fees: accounting
total $2,575 · management and general $2,575
-
11f · Fees: investment management
total $8,268 · management and general $8,268
-
13 · Office expenses
total $122 · management and general $122
-
24a · Other expenses: BANK SERVICE CHARGES
total $1,706 · management and general $1,706
-
24b · Other expenses: OTHER ADMINISTRATIVE EX
total $732 · management and general $732
-
24c · Other expenses: TAXES & LICENSES
total $25 · management and general $25
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $50,511 · end of year $25,593
-
2 · Savings and temporary cash investments
beginning of year $81,226 · end of year $84,943
-
11 · Investments: publicly traded securities
beginning of year $1,960,458 · end of year $2,069,801
-
27 · Net assets without donor restrictions
beginning of year $2,092,195 · end of year $2,180,337
Mission and programs · 2025
Mission
IT IS THE MISSION OF THE VBA EDUCATION FOUNDATION TO ADVANCE PERSONAL FINANCIAL LITERACY ACROSS THE COMMONWEALTH OF VIRGINIA.
Activities or mission (Part I)
TO ADVANCE PERSONAL FINANCIAL LITERACY ACROSS THE COMMONWEALTH OF VIRGINIA.
-
THE FOUNDATION SUPPORTS FINANCIAL LITERACY TRAINING AND EDUCATION FOR K-12 AND COLLEGE STUDENTS AND TEACHERS BY PROVIDING FUNDING AND SCHOLARSHIPS TO VARIOUS ORGANIZATIONS THROUGHOUT VIRGINIA.
Expenses $37,500 · Grants $37,500
-
VBA BANK DAY SCHOLARSHIP PROGRAM: VIRGINIA HIGH SCHOOL SENIORS LEARN ABOUT BANKING, FINANCIAL SERVICES, CAREER OPPORTUNITIES IN THE INDSUTRY AND THE VITAL ROLE BANKS PLAY IN THEIR COMMUNITIES ON THE THIRD TUESDAY IN MARCH, WHICH HAS BEEN DECLARED BANK DAY IN VIRGINIA. 12 SCHOLARSHIPS ARE AWARDED BASED ON ESSAYS THAT THE STUDENTS WRITE ABOUT THEIR EXPERIENCE. THE FOUNDATION MANAGES THIS PROGRAM AND DISTRIBUTES THE SCHOLARHIPS.
Expenses $28,500 · Grants $28,500
-
VIRGINIA BANK FELLOWS PROGRAM: THE FOUNDATION SUPPORTS THIS PROGRAM BY PROVIDING SCHOLARSHIPS AND ADDITIONAL EDUCATIONAL AND LEADERSHIP TRAINING OPPORTUNITIES FOR UNDERSERVED STUDENTS IN THE COMMUNITY COLLEGE SYSTEM.
Expenses $110,000 · Grants $110,000
-
CRISIS RELIEF
Expenses $1,000 · Grants $1,000
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Gary R ShookGARY R SHOOK
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Bruce T WhitehurstBRUCE T WHITEHURST
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Walter C AyersWALTER C AYERS
DIRECTOR EMIRITUS
- Total calculated
- $0
- Hours/week
- 1
-
Nathalia D ArtusNATHALIA D ARTUS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
T Patrick CollinsT PATRICK COLLINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Timothy M DuffeeTIMOTHY M DUFFEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey V HaleyJEFFREY V HALEY
BOARD MEMBER (LEFT 05/31)
- Total calculated
- $0
- Hours/week
- 1
-
Leton L Harding JrLETON L HARDING JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott C HarvardSCOTT C HARVARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer W KnightingJENNIFER W KNIGHTING
BOARD MEMBER (LEFT 05/31)
- Total calculated
- $0
- Hours/week
- 1
-
Brandon C LoreyBRANDON C LOREY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas L Rasey JrTHOMAS L RASEY JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey M SzyperskiJEFFREY M SZYPERSKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Litz H Van DykeLITZ H VAN DYKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dorothy M WelchDOROTHY M WELCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steven C YeakelSTEVEN C YEAKEL
BOARD MEMBER (LEFT 05/31)
- Total calculated
- $0
- Hours/week
- 1
-
Corey ConnorsCOREY CONNORS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tracie A GallahanTRACIE A GALLAHAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stacy PuckettSTACY PUCKETT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Monica McDearmonMONICA MCDEARMON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
FUNDING SCHOLARSHIPS FOR UNDERSERVED STUDENTS IN THE COMMUNITY COLLEGE SYSTEM
-
VA PUBLIC SCHOOL EDUCATORS AND FOR UVA WISE
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 26 June 2026
- IRS schema version
- 2025v4.2
- Source object
- 202621809349300337
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.