Form 990 for tax year 2025
Filed by VIRGINIA ASSOCIATION OF COMMUNITY BANKS.
Totals
- Total revenue
- $699,776
- Total expenses
- $766,976
- Contributions and grants received
- $33,451
- Grants paid
- $0
- Program service revenue
- $515,597
- Investment income
- $13,537
- Other revenue
- $137,191
- Total assets, end of year
- $887,961
- Total liabilities, end of year
- $623,434
- Net assets or fund balances, end of year
- $264,527
- 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
$33,451
-
2a · Program service revenue: MEMBERSHIP DUES
total $194,523 · related or exempt $194,523
-
2b · Program service revenue: CONVENTION INCOME
total $152,126 · related or exempt $152,126
-
2c · Program service revenue: EDUCATION INCOME
total $138,448 · related or exempt $138,448
-
2d · Program service revenue: TELESEMINAR INCOME
total $21,005 · related or exempt $21,005
-
2e · Program service revenue: ADVOCACY INCOME
total $9,495 · related or exempt $9,495
-
3 · Investment income
total $13,537 · excluded $13,537
-
5 · Royalties
total $132,313 · excluded $132,313
-
8a · Fundraising events: gross income
$14,415
-
8b · Fundraising events: direct expenses
$12,968
-
8c · Net income from fundraising events
total $1,447 · excluded $1,447
-
11a · Other revenue: OTHER INCOME
total $3,431 · excluded $3,431
-
11e · Other revenue, total
$3,431
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $196,000
-
7 · Other salaries and wages
total $155,587
-
8 · Pension plan contributions
total $10,800
-
9 · Other employee benefits
total $35,091
-
10 · Payroll taxes
total $43,537
-
11b · Fees: legal
total $5,477
-
11c · Fees: accounting
total $22,340
-
11g · Fees: other
total $12,022
-
13 · Office expenses
total $11,949
-
16 · Occupancy
total $56,103
-
17 · Travel
total $6,081
-
20 · Interest
total $61
-
22 · Depreciation, depletion and amortization
total $4,816
-
24a · Other expenses: EDUCATION EXPENSE
total $81,365
-
24b · Other expenses: CONVENTION EXPENSE
total $77,776
-
24c · Other expenses: MISCELLANEOUS
total $42,722
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $4,877
-
24e · All other expenses
total $372
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $389,789 · end of year $369,268
-
4 · Accounts receivable
beginning of year $7,490 · end of year $3,277
-
9 · Prepaid expenses and deferred charges
beginning of year $5,426 · end of year $17,486
-
10a · Land, buildings and equipment: cost or other basis
$494,064
-
10b · Land, buildings and equipment: accumulated depreciation
$26,973
-
10c · Land, buildings and equipment, net
beginning of year $13,000 · end of year $467,091
-
15 · Other assets
beginning of year $55,419 · end of year $30,839
-
17 · Accounts payable and accrued expenses
beginning of year $6,366 · end of year $17,689
-
19 · Deferred revenue
beginning of year $18,475 · end of year $92,228
-
23 · Secured mortgages and notes payable
end of year $356,286
-
24 · Unsecured notes and loans payable
beginning of year $60,000 · end of year $130,000
-
25 · Other liabilities
beginning of year $54,556 · end of year $27,231
-
27 · Net assets without donor restrictions
beginning of year $331,727 · end of year $264,527
Mission and programs · 2025
Mission
TO PROVIDE UNDILUTED ADVOCACY, TARGETED EDUCATION AND QUALITY COLLABORATION FOR VIRGINIA'S COMMUNITY BANKS.
-
A. ADVOCACY AND MEMBERSHIP - VACB REPRESENTED AND PROMOTED THE INTERESTS OF INDEPENDENT COMMUNITY BANKS AT THE FEDERAL AND STATE LEVELS OF GOVERNMENT.
-
B. EDUCATION AND PROGRAMS VACB CONDUCTED EDUCATIONAL SEMINARS, MEMBER ROUNDTABLES, AND HELD PROGRAMS THAT ALLOWED COMMUNITY BANKERS TO DISCOVER BEST PRACTICES. VACB PROVIDED SEMINARS AND WEBINARS ON BANKING COMPLIANCE, REGULATION, AND OPERATIONS.
-
C. ANNUAL MEETING - VACB PROVIDED MEMBERS AND OTHERS ASSOCIATED WITH COMMUNITY BANKS WITH OPPORTUNITIES TO LEARN ABOUT NEW PRODUCTS, SHARE IDEAS, AND CONDUCTED THE ANNUAL BUSINESS OF THE ORGANIZATION.
As filed on the 2025 return.
Listed in Part VII
-
COREY J CONNORS
PRESIDENT & CEO
- Total calculated
- $196,000
- From this org
- $196,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $196,000
-
LISA E KILGOUR
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
DABNEY TP GILLIAM JR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
TARA Y HARRISON
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JAMES E HENDRICKS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
LEANNE R EMERT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
BLAKE M EDWARDS JR
ICBA VA DELEGATE
- Total calculated
- $0
- Hours/week
- 1
-
CETRIC A GAYLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
AARON S GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT J HOBBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAUL M MYLUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS L RASEY JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MATTHEW H STEILBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARK N REED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KATHERINE GARNER
VP, EDUCATION AND COMMUNICATIONS
- Total calculated
- $110,278
- From this org
- $110,278
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 2025
- Filed
- 13 July 2026
- IRS schema version
- 2025v4.2
- Source object
- 202601949349301750
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