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← VIRGINIA ASSOCIATION OF COMMUNITY BANKS

Form 990 for tax year 2022

Filed by VIRGINIA ASSOCIATION OF COMMUNITY BANKS.

Totals

Total revenue
$695,274
Total expenses
$718,540
Contributions and grants received
$14,639
Grants paid
$0
Program service revenue
$545,808
Investment income
$3,502
Other revenue
$131,325
Total assets, end of year
$656,040
Total liabilities, end of year
$179,435
Net assets or fund balances, end of year
$476,605
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $14,639

  • 2a · Program service revenue: EDUCATION INCOME

    total $216,744 · related or exempt $216,744

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $175,008 · related or exempt $175,008

  • 2c · Program service revenue: CONVENTION INCOME

    total $130,623 · related or exempt $130,623

  • 2d · Program service revenue: TELESEMINAR INCOME

    total $23,433 · related or exempt $23,433

  • 3 · Investment income

    total $3,502 · excluded $3,502

  • 5 · Royalties

    total $124,470 · excluded $124,470

  • 8a · Fundraising events: gross income

    $19,785

  • 8b · Fundraising events: direct expenses

    $12,930

  • 8c · Net income from fundraising events

    total $6,855 · excluded $6,855

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $172,057

  • 7 · Other salaries and wages

    total $137,583

  • 8 · Pension plan contributions

    total $6,000

  • 9 · Other employee benefits

    total $22,198

  • 10 · Payroll taxes

    total $23,195

  • 11b · Fees: legal

    total $3,184

  • 11c · Fees: accounting

    total $29,460

  • 11g · Fees: other

    total $1,904

  • 13 · Office expenses

    total $20,910

  • 16 · Occupancy

    total $48,653

  • 17 · Travel

    total $6,339

  • 19 · Conferences, conventions and meetings

    total $1,806

  • 22 · Depreciation, depletion and amortization

    total $6,876

  • 23 · Insurance

    total $4,852

  • 24a · Other expenses: EDUCATION EXPENSE

    total $116,746

  • 24b · Other expenses: CONVENTION EXPENSE

    total $102,627

  • 24c · Other expenses: MISCELLANEOUS

    total $6,585

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,896

  • 24e · All other expenses

    total $4,669

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $551,376 · end of year $476,798

  • 4 · Accounts receivable

    beginning of year $7,955 · end of year $2,330

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,911 · end of year $10,650

  • 10a · Land, buildings and equipment: cost or other basis

    $99,339

  • 10b · Land, buildings and equipment: accumulated depreciation

    $80,457

  • 10c · Land, buildings and equipment, net

    beginning of year $11,992 · end of year $18,882

  • 15 · Other assets

    beginning of year $3,608 · end of year $147,381

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,201 · end of year $15,817

  • 19 · Deferred revenue

    beginning of year $46,037 · end of year $15,561

  • 23 · Secured mortgages and notes payable

    beginning of year $734 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $148,057

  • 27 · Net assets without donor restrictions

    beginning of year $499,871 · end of year $476,605

Mission and programs · 2022

Mission

TO PROVIDE UNDILUTED ADVOCACY, TARGETED EDUCATION AND QUALITY COLLABORATION FOR VIRGINIA'S COMMUNITY BANKS.

  • A. ADVOCACY- 53 BANKS AND 50 AFFILIATED COMPANIES WERE MEMBERS IN 2022. THE PROGRAMS PROMOTE INDEPENDENT COMMUNITY BANKING, HELP MEMBERS COMPETE AND OBTAIN OPERATING EFFICIENCY.

  • B. EDUCATION AND SEMINARS - PROVIDED 337 SEMINARS, 388 VIRTUAL SEMINARS, AND 365 TELESEMINARS ON AREAS OF BANKING COMPLIANCE, REGULATION AND BANKING OPERATIONS - ATTENDANCE INCLUDED 1090 TOTAL REPRESENTATIVES OF MEMBER BANKS.

  • C. ANNUAL MEETING - PROVIDED FOR MEMBERS AND OTHERS ASSOCIATED WITH COMMUNITY BANKS TO LEARN ABOUT NEW PRODUCTS AND IDEAS THROUGH ACTIVITIES - ATTENDANCE 172.

As filed on the 2022 return.

Listed in Part VII

  • Steven C Yeakel

    PRESIDENT & CEO

    Total calculated
    $172,057
    From this org
    $172,057
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,057
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $172,057

  • Mark C Hanna

    ICBA DELEGATE

    Total calculated
    $0
    Hours/week
    1

  • Jay A Stafford

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Dennis A Dysart

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dabney Tp Gilliam Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James E Hendricks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Blake Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph R Witt

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Lisa E Kilgour

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven J Grist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tara Y Harrison

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • Bryan P Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul M Mylum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas L Rasey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Snodgrass

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
20 April 2023
IRS schema version
2022v5.0
Source object
202322279349301327

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