Overview
What is Virginia Association Of Community Banks?
The Virginia Association of Community Banks is a nonprofit organization situated in Richmond, Virginia. With a modest workforce of three individuals, the association's primary mission is to offer undiluted advocacy, targeted education, and quality collaboration for Virginia's community banks. During the year 2022, 53 banks and 50 affiliated companies were members, working towards promoting independent community banking and aiding members in competing and achieving operational efficiency. The organization's activities focus on supporting the growth and success of community banks in Virginia.
Official website here: www.vacb.org
Is Virginia Association Of Community Banks legitimate?
Virginia Association Of Community Banks is a legitimate nonprofit organization registered as a 501(c)(6) entity. Virginia Association Of Community Banks 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: $172,057
Professional Fundraising Fees: $0
Other Salaries and Wages: $137,583
For more financial information, click here
Official website here: www.vacb.org
What is the mission statement of Virginia Association Of Community Banks?
The Virginia Association of Community Banks is committed to providing unwavering advocacy, targeted education, and high-quality collaboration for the community banks within its network. With 53 banks and 50 affiliated companies as members in 2022, their programs aim to promote independent community banking, assist members in competing, and facilitate operational efficiency. Their advocacy efforts help protect the interests of community banks, while their educational programs equip them with the necessary skills to thrive in the banking sector. Additionally, the association fosters collaboration among its members, encouraging knowledge sharing and collective growth.
Official website here: www.vacb.org
Who is the CEO of Virginia Association Of Community Banks?
Steve Yeakel is the President & Ceo of Virginia Association Of Community Banks. The CEO's salary of Virginia Association Of Community Banks is $172,057 and their total compensation is $172,057.
Official website here: www.vacb.org
What is the revenue of Virginia Association Of Community Banks?
Virginia Association Of Community Banks's revenue in 2022 was $695,274.
Official website here: www.vacb.org
Who are the executives of Virginia Association Of Community Banks and what are their salaries?
The average compensation at Virginia Association Of Community Banks during 2022 was $103,213. There are 3 employees at Virginia Association Of Community Banks.
Here are 15 key members and their salaries (Virginia Association Of Community Banks's CEO's salary is $172,057 and their total compensation is $172,057):
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Official website here: www.vacb.org
Where can I find the form 990 for Virginia Association Of Community Banks?
Virginia Association Of Community Banks's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vacb.org
Learn more at the official website: www.vacb.org
Mission Statement of Virginia Association Of Community Banks
Virginia Association of Community Banks, a prominent organization, is committed to providing unwavering advocacy, targeted education, and high-quality collaboration for the community banks within Virginia. Their mission is centered around promoting independent community banking, helping member institutions compete effectively, and aiding them in achieving operational efficiency. The association's advocacy programs strive to champion the interests of 53 banks and 50 affiliated companies, ensuring they remain competitive in the banking sector. By doing so, the Virginia Association of Community Banks plays a crucial role in supporting the growth and success of these community banks.
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Impact
October, 2024
The Virginia Association of Community Banks plays a crucial role in advocating for the interests of community banks across the state. With a membership of 53 banks and 50 affiliated companies, it enhances the competitiveness of its members by promoting independent community banking. The association provides targeted education and quality collaboration, which help these banks achieve operational efficiency and thrive in a challenging financial landscape. By focusing on undiluted advocacy, the association empowers Virginia's community banks to navigate market changes effectively and better serve their communities.
This information is meant to be a general summary of Virginia Association Of Community Banks. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,502
- Program Service Revenue: $545,808
- Gross Receipts: $708,204
Assets and Liabilities:
- Total Assets: $656,040
- Total Liabilities: $179,435
- Net Assets: $476,605
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION INCOME
Revenue
$216,744
MEMBERSHIP DUES
Revenue
$175,008
CONVENTION INCOME
Revenue
$130,623
TELESEMINAR INCOME
Revenue
$23,433
Organization Details
Founding Year
1977
Phone
(804) 673-8250Principal Officer
Steve Yeakel
Main Address
7204 GLEN FOREST DRIVE 101, RICHMOND, VA, 23226
Website
www.vacb.orgNTEE Category
Code: S20 - Community improvement
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