Nonprofit · EIN 20-1351659
VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION
Also known as VML-VACo Finance Program
Tax-exempt · RICHMOND, VA 23219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,007,612 | $3,045,190 | -$37,578 | $1,442,506 | $749,045 | $693,461 |
| June 30, 2024 | 990 | $2,608,190 | $2,692,827 | -$84,637 | $1,324,893 | $606,828 | $718,065 |
| June 30, 2023 | 990 | $2,367,073 | $2,438,740 | -$71,667 | $1,353,084 | $557,913 | $795,171 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,986,924
- Investment income
- $20,688
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $16,405
- Accounting fees
- $45,936
- Travel
- $28,733
- Program services (functional)
- $2,771,779
- Management and general (functional)
- $273,411
Balance sheet and other
- Total assets, start of year
- $1,324,893
- Total assets, end of year
- $1,442,506
- Total liabilities, end of year
- $749,045
- Net assets, end of year
- $693,461
- Publicly traded securities
- $325,703
- Gross receipts
- $3,007,612
- Employees
- 0
- Year formed
- 2003
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY G ADKINS | DIRECTOR Trustee or director | 1 | $0 |
| LESLIE BEAUREGARD | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER BELL | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE GOWDY | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL G HAMP | DIRECTOR Trustee or director | 1 | $0 |
| ANDREA LIGHT | DIRECTOR Trustee or director | 1 | $0 |
| LYNETTE LOWE | DIRECTOR Trustee or director | 1 | $0 |
| DEAN A LYNCH | DIRECTOR Trustee or director | 1 | $0 |
| MIKE MASON | DIRECTOR Trustee or director | 1 | $0 |
| DOUG STANLEY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| DEBORAH C STURM | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ROBERT W LAUTERBERG | MANAGING DIR Officer | 36 | $0 |
| CHRISTINE L LOPILATO | SECRETARY Officer | 36 | $0 |
| STEVEN C MULROY | MANAGING DIR Officer | 36 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LESLIE BEAUREGARD | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER BELL | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE GOWDY | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL G HAMP | DIRECTOR Trustee or director | 1 | $0 |
| TAYLOR HARVIE | DIRECTOR Trustee or director | 1 | $0 |
| DEBORAH KENDALL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ANDREA LIGHT | DIRECTOR Trustee or director | 1 | $0 |
| DEAN A LYNCH | DIRECTOR Trustee or director | 1 | $0 |
| MIKE MASON | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL NORRIS | DIRECTOR Trustee or director | 1 | $0 |
| DOUG STANLEY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| ROBERT W LAUTERBERG | MANAGING DIR Officer | 36 | $0 |
| CHRISTINE L LOPILATO | SECRETARY Officer | 36 | $0 |
| STEVEN C MULROY | MANAGING DIR Officer | 36 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LESLIE BEAUREGARD | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER BELL | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE GOWDY | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL G HAMP | DIRECTOR Trustee or director | 1 | $0 |
| TAYLOR HARVIE | DIRECTOR Trustee or director | 1 | $0 |
| DEBORAH KENDALL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ANDREA LIGHT | DIRECTOR Trustee or director | 1 | $0 |
| DEAN A LYNCH | DIRECTOR Trustee or director | 1 | $0 |
| MIKE MASON | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL NORRIS | DIRECTOR Trustee or director | 1 | $0 |
| DOUG STANLEY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| ROBERT W LAUTERBERG | MANAGING DIR Officer | 36 | $0 |
| CHRISTINE L LOPILATO | SECRETARY Officer | 36 | $0 |
| STEVEN C MULROY | MANAGING DIR Officer | 36 | $0 |
Address and contacts
- Address (IRS master file)
- 8 E CANAL STREET, RICHMOND, VA 23219-3761
- In care of
- % VML VACO FINANCE PROGRAM
- Mailing address (990-N for 2007)
- 1108 E Main Street, Suite 801, Richmond VA 23219
- Principal officer (990 for 2024)
- ROBERT W LAUTERBERG, 8 E CANAL STREET, RICHMOND, VA 23219
- Principal officer (990-N for 2007)
- Robert E Claytor, VML-VACo Finance Program, 1108 E Main Street Suite 801, Richmond VA 23219
- Signed the 990
- CHRISTINE L LOPILATO, SECRETARY
- Phone
- (804) 648-0635
- Website
- www.valocalfinance.org
- Return prepared by
- ROBINSON FARMER COX ASSOCIATES
Mission
TO ADMINISTER A PROGRAM ESTABLISHED AND SPONSORED BY THE VIRGINIA MUNICIPAL LEAGUE AND VIRGINIA ASSOCIATION OF COUNTIES WHICH PROVIDES FINANCIAL SERVICES TO LOCAL GOVERNMENTAL ENTITIES IN THE COMMONWEALTH OF VIRGINIA. VLGFC OFFERS FINANCIAL-RELATED SERVICES ON A POOLED BASIS AND ALSO WHERE OPPORTUNITIES EXIST TO ACHIEVE ECONOMIES OF SCALE, THEREBY ENABLING LOCAL GOVERNMENTS TO OBTAIN HIGH QUALITY SERVICES AT RELATIVELY LOW COST.
Program accomplishments
- AS OF JUNE 30, 2025 THE POOLED OPEB TRUST FUND MANAGED INVESTMENTS IN TWO SEPARATE PORTFOLIOS WITH NET ASSETS TOTALING 2.07 BILLION. AS OF JUNE 30, 2025 THE VIRGINIA INVESTMENT POOL MANAGED INVESTMENTS FOR A STABLE VALUE FUND AND A HIGH QUALITY BOND FUND WITH NET ASSETS TOTALING 3.91 BILLION.Expenses $2,006,832 · revenue $2,235,274
- PROVIDE ACCOUNTING STAFF SUPPORT TO LOCAL GOVERNMENTS IN ORDER TO PROMOTE TRANSPARENCY AND CONFORMANCE WITH GOVERNMENTAL ACCOUNTING STANDARDS. VLGFC PROVIDED ACCOUNTING SERVICES TO 18 LOCAL GOVERNMENTS IN FY25.Expenses $536,214 · revenue $527,871
- PROVIDE FINANCING-RELATED MUNICIPAL ADVISORY SERVICES IN ORDER TO PROMOTE LOCAL TRANSPARENCY AND SOUND FINANCIAL MANAGEMENT PRACTICES. FINANCING & MUNICIPAL ADVISORY INCLUDES FACILITATING THE ISSUANCE OF MUNICIPAL NOTES, BANK LOANS, AND EQUIPMENT LEASES FOR PUBLIC PURPOSE EVENTS; AND PROVIDING ADVISORY SERVICES FOR FINANCIAL POLICIES. VLGFC PROVIDED FINANCING & MUNICIPAL ADVISORY SERVICES FOR 11 POLITICAL SUBDIVISIONS.Expenses $166,490 · revenue $166,308
- OTHER PROGRAM SERVICES INCLUDE PROVIDING EDUCATIONAL AND SUPPORT SERVICES TO LOCAL GOVERNMENT FINANCE OFFICERS AND MANAGERS. VLGFC SERVES AS PROGRAM ADMINISTRATOR FOR THE VIRGINIA GOVERNMENT FINANCE OFFICERS ASSOCIATION AND WAS A CONTRIBUTOR TO THE VIRGINIA LOCAL GOVERNMENT MANAGERS ASSOCIATION AND OTHER LOCAL GOVERNMENT PROFESSIONAL ORGANIZATIONS.Expenses $62,243 · revenue $57,471
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1351659
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S01)
- Assets (IRS master file)
- $1,442,506
- Income (IRS master file)
- $3,007,612
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,007,612 | $3,045,190 | $1,442,506 | XML |
| 990 | June 2024 | $2,608,190 | $2,692,827 | $1,324,893 | XML |
| 990 | June 2023 | $2,367,073 | $2,438,740 | $1,353,084 | XML |
| 990 | June 2022 | $2,466,374 | $2,492,203 | $1,419,903 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2007 Officer: Robert E Claytor | June 30, 2008 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1351659).
Questions about VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION
- What is the EIN of VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION?
- The employer identification number (EIN) of VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION is 20-1351659.
- Is VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2006.
- Are donations to VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION?
- The 990 for the year ended June 30, 2025 names ROBERT W LAUTERBERG.
- Who are the officers and directors of VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,007,612, expenses of $3,045,190 and total assets of $1,442,506 at year end.
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