Nonprofit · EIN 20-4943021
VBA EDUCATION FOUNDATION
Tax-exempt · GLEN ALLEN, VA 23060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $278,570 | $190,428 | $88,142 | $2,180,337 | $0 | $2,180,337 |
| December 31, 2024 | 990 | $194,777 | $188,578 | $6,199 | $2,092,195 | $0 | $2,092,195 |
| December 31, 2023 | 990 | $402,004 | $204,434 | $197,570 | $2,085,996 | $0 | $2,085,996 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $118,611
- Program service revenue
- $0
- Investment income
- $159,959
- Net gain from sales of assets
- $81,234
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $177,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,575
- Program services (functional)
- $177,000
- Management and general (functional)
- $13,428
Balance sheet and other
- Total assets, start of year
- $2,092,195
- Total assets, end of year
- $2,180,337
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,180,337
- Publicly traded securities
- $2,069,801
- Net assets without donor restrictions
- $2,180,337
- Gross receipts
- $772,450
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2006
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY R SHOOK | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| BRUCE T WHITEHURST | PRESIDENT Trustee or director, Officer | 1 | $0 |
| WALTER C AYERS | DIRECTOR EMIRITUS Trustee or director | 1 | $0 |
| NATHALIA D ARTUS | BOARD MEMBER Trustee or director | 1 | $0 |
| T PATRICK COLLINS | BOARD MEMBER Trustee or director | 1 | $0 |
| TIMOTHY M DUFFEE | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFFREY V HALEY | BOARD MEMBER (LEFT 05/31) Trustee or director | 1 | $0 |
| LETON L HARDING JR | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT C HARVARD | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER W KNIGHTING | BOARD MEMBER (LEFT 05/31) Trustee or director | 1 | $0 |
| BRANDON C LOREY | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS L RASEY JR | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFFREY M SZYPERSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| LITZ H VAN DYKE | BOARD MEMBER Trustee or director | 1 | $0 |
| DOROTHY M WELCH | BOARD MEMBER Trustee or director | 1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVEN C YEAKEL | BOARD MEMBER (LEFT 05/31) Trustee or director | 1 | $0 |
| COREY CONNORS | BOARD MEMBER Trustee or director | 1 | $0 |
| TRACIE A GALLAHAN | BOARD MEMBER Trustee or director | 1 | $0 |
| STACY PUCKETT | TREASURER Officer | 1 | $0 |
| MONICA MCDEARMON | SECRETARY Officer | 1 | $0 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY R SHOOK | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| BRUCE T WHITEHURST | PRESIDENT Trustee or director, Officer | 1 | $0 |
| WALTER C AYERS | DIRECTOR EMIRITUS Trustee or director | 1 | $0 |
| NATHALIA D ARTUS | BOARD MEMBER Trustee or director | 1 | $0 |
| T PATRICK COLLINS | BOARD MEMBER Trustee or director | 1 | $0 |
| TIMOTHY M DUFFEE | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFFREY V HALEY | BOARD MEMBER Trustee or director | 1 | $0 |
| LETON L HARDING JR | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT C HARVARD | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER W KNIGHTING | BOARD MEMBER Trustee or director | 1 | $0 |
| BRANDON C LOREY | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS L RASEY JR | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFFREY M SZYPERSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| LITZ H VAN DYKE | BOARD MEMBER Trustee or director | 1 | $0 |
| DOROTHY M WELCH | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVEN C YEAKEL | BOARD MEMBER Trustee or director | 1 | $0 |
| STACY PUCKETT | TREASURER Officer | 1 | $0 |
| MONICA MCDEARMON | SECRETARY Officer | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT HARVARD | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| BRUCE T WHITEHURST | PRESIDENT Trustee or director, Officer | 1 | $0 |
| WALTER C AYERS | DIRECTOR EMIRITUS Trustee or director | 1 | $0 |
| NATHALIA D ARTUS | BOARD MEMBER Trustee or director | 1 | $0 |
| T PATRICK COLLINS | BOARD MEMBER Trustee or director | 1 | $0 |
| TIMOTHY M DUFFEE | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFFREY V HALEY | BOARD MEMBER Trustee or director | 1 | $0 |
| LETON L HARDING JR | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER W KNIGHTING | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS L RASEY JR | BOARD MEMBER Trustee or director | 1 | $0 |
| GARY R SHOOK | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFFREY M SZYPERSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| LITZ H VAN DYKE | BOARD MEMBER Trustee or director | 1 | $0 |
| DOROTHY M WELCH | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVEN C YEAKEL | BOARD MEMBER Trustee or director | 1 | $0 |
| STACY PUCKETT | TREASURER Officer | 1 | $0 |
| MONICA MCDEARMON | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4490 COX RD, GLEN ALLEN, VA 23060-3325
- In care of
- % JEFFREY L BRUGH
- Principal officer (990 for 2025)
- STACY K PUCKETT, 4490 COX RD, GLEN ALLEN, VA 23060
- Signed the 990
- STACY K PUCKETT, CFO
- Phone
- (804) 819-4727
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
IT IS THE MISSION OF THE VBA EDUCATION FOUNDATION TO ADVANCE PERSONAL FINANCIAL LITERACY ACROSS THE COMMONWEALTH OF VIRGINIA.
Program accomplishments
- THE FOUNDATION SUPPORTS FINANCIAL LITERACY TRAINING AND EDUCATION FOR K-12 AND COLLEGE STUDENTS AND TEACHERS BY PROVIDING FUNDING AND SCHOLARSHIPS TO VARIOUS ORGANIZATIONS THROUGHOUT VIRGINIA.Expenses $37,500 · grants $37,500
- VBA BANK DAY SCHOLARSHIP PROGRAM: VIRGINIA HIGH SCHOOL SENIORS LEARN ABOUT BANKING, FINANCIAL SERVICES, CAREER OPPORTUNITIES IN THE INDSUTRY AND THE VITAL ROLE BANKS PLAY IN THEIR COMMUNITIES ON THE THIRD TUESDAY IN MARCH, WHICH HAS BEEN DECLARED BANK DAY IN VIRGINIA. 12 SCHOLARSHIPS ARE AWARDED BASED ON ESSAYS THAT THE STUDENTS WRITE ABOUT THEIR EXPERIENCE. THE FOUNDATION MANAGES THIS PROGRAM AND DISTRIBUTES THE SCHOLARHIPS.Expenses $28,500 · grants $28,500
- VIRGINIA BANK FELLOWS PROGRAM: THE FOUNDATION SUPPORTS THIS PROGRAM BY PROVIDING SCHOLARSHIPS AND ADDITIONAL EDUCATIONAL AND LEADERSHIP TRAINING OPPORTUNITIES FOR UNDERSERVED STUDENTS IN THE COMMUNITY COLLEGE SYSTEM.Expenses $110,000 · grants $110,000
- CRISIS RELIEFExpenses $1,000 · grants $1,000
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4943021
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $2,180,337
- Income (IRS master file)
- $772,450
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $278,570 | $190,428 | $2,180,337 | XML |
| 990 | December 2024 | $194,777 | $188,578 | $2,092,195 | XML |
| 990 | December 2023 | $402,004 | $204,434 | $2,085,996 | XML |
| 990 | December 2022 | $345,598 | $206,420 | $1,888,426 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 20-4943021).
Questions about VBA EDUCATION FOUNDATION
- What is the EIN of VBA EDUCATION FOUNDATION?
- The employer identification number (EIN) of VBA EDUCATION FOUNDATION is 20-4943021.
- Is VBA EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to VBA EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VBA EDUCATION FOUNDATION 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 VBA EDUCATION FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VBA EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of VBA EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2025 names STACY K PUCKETT.
- Who are the officers and directors of VBA EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does VBA EDUCATION FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $278,570, expenses of $190,428 and total assets of $2,180,337 at year end.
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