Virginia Bankers Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 540417722 ✦ Glen allen, VA ✦ Designated as a 501(c)(6)

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Overview

What is Virginia Bankers Association?

The Virginia Bankers Association, situated in Glen Allen, Virginia, serves as a nonprofit organization dedicated to safeguarding the interests of commercial and savings banks within its state. With a team of 35 professionals, this association represents the banking industry and offers essential services to its member banks. Its primary mission is to bolster banking's competitiveness and profitability in the marketplace, ensuring the sector can thrive effectively. The Virginia Bankers Association also provides ongoing education to its members, thus fostering a knowledgeable and skilled workforce within the banking sector.


Official website here: www.vabankers.org

Is Virginia Bankers Association legitimate?

Virginia Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Virginia Bankers Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $746,443

For more financial information, click here


Official website here: www.vabankers.org

What is the mission statement of Virginia Bankers Association?

The Virginia Bankers Association's mission is to enhance the competitive and profitable capabilities of banking institutions. This is achieved by representing the banking industry and providing essential services to its member banks. The organization's mission is geared towards protecting the interests of commercial and savings banks, providing them with a platform to thrive in the marketplace. Furthermore, the association offers continuing education opportunities for its members, aiming to equip them with the necessary knowledge and skills to succeed.


Official website here: www.vabankers.org

Who is the CEO of Virginia Bankers Association?

Stacy Puckett is the Chairman of Virginia Bankers Association. The CEO's salary of Virginia Bankers Association is $292,249 and their total compensation is $714,244.


Official website here: www.vabankers.org

What is the revenue of Virginia Bankers Association?

Virginia Bankers Association's revenue in 2022 was $2,496,169.


Official website here: www.vabankers.org

Who are the executives of Virginia Bankers Association and what are their salaries?

The average compensation at Virginia Bankers Association during 2022 was $21,327. There are 35 employees at Virginia Bankers Association.


Here are 30 key members and their salaries (Virginia Bankers Association's CEO's salary is $292,249 and their total compensation is $714,244):


Christopher W Bergstrom (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Litz H Vandyke (Chairman Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leton Harding (Immediate Past Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victor K Branch (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David P Boyle (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven A Deluca (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John J Brough (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Caldwell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas F Cherry (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas L Ransom (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aubrey H Hall Iii (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott C Harvard (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet N Tope (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherri A Sackett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon C Lorey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert C Wood Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad E Schwartz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert F Shuford Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria P Tedesco (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Janney Thomas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Black (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Whitehurst (President & Ceo)
  • Compensation: $292,249
  • Related: $292,249
  • Other: $129,746
Matthew J Bruning (Svp, Government Relations)
  • Compensation: $146,777
  • Related: $62,904
  • Other: $37,214
Demarion Johnston (General Counsel & Secretar)
  • Compensation: $81,016
  • Related: $81,016
  • Other: $33,954
Stacy Puckett (Chief Financial Officer)
  • Compensation: $15,680
  • Related: $141,120
  • Other: $39,320
Courtney M Fleming-Ended 222 (Svp, Education & Training)
  • Compensation: $4,735
  • Related: $14,204
  • Other: $5,248
Chandler Owdom (Vice President)
  • Compensation: $47,898
  • Related: $47,898
  • Other: $25,590
John Snead (Vp Member Relations)
  • Compensation: $0
  • Related: $143,688
  • Other: $19,366
Laurie Milligan (Coo Vba Benefits Corp)
  • Compensation: $0
  • Related: $256,793
  • Other: $41,310
Tracy Ottinger (Svp Member Services Inc)
  • Compensation: $0
  • Related: $142,129
  • Other: $23,324


Official website here: www.vabankers.org

Where can I find the form 990 for Virginia Bankers Association?

Virginia Bankers Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vabankers.org

Learn more at the official website: www.vabankers.org

Mission Statement of Virginia Bankers Association

The Virginia Bankers Association, as an organization, is committed to serving its member banks by representing their interests effectively and profitably in the marketplace. Its primary mission is to enhance the banking industry's competitiveness, ensuring that commercial and savings banks in Virginia can thrive. To accomplish this, the Virginia Bankers Association focuses on protecting the interests of its banking members and providing them with continuous education opportunities. This proactive approach allows member banks to stay informed and adapt to industry changes, ultimately improving their performance in the market.

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Impact




October, 2024

The Virginia Bankers Association plays a crucial role in representing the interests of commercial and savings banks in Virginia, ensuring they can compete effectively and profitably in the marketplace. By providing essential services and continuing education to its member banks, the association enhances the overall banking environment in the state. Its focus on protecting the interests of the banking sector not only supports the financial institutions but also fosters community improvement and stability within the local economy. Through advocacy and advocacy efforts, the Virginia Bankers Association strengthens the banking industry's impact and helps maintain its vital role in the community.




This information is meant to be a general summary of Virginia Bankers Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,496,169 (2022)
Expenses
$1,038,922 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $31,061
  • Program Service Revenue: $1,168,054
  • Gross Receipts: $2,500,363

Assets and Liabilities:

  • Total Assets: $13,737,595
  • Total Liabilities: $1,697,683
  • Net Assets: $12,039,912

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES INCOME

Revenue

$1,168,054

Organization Details

Founding Year

1942

Principal Officer

Stacy Puckett

Main Address

4490 COX ROAD, GLEN ALLEN, VA, 23060

NTEE Category

Code: S41 - Community improvement

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