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Nonprofit · EIN 54-0554860

VIRGINIA CREDIT UNION LEAGUE INC

Also known as KARIMA FREEMAN

Tax-exempt · RICHMOND, VA 23219

Financials

$2.2M$1.6M2023$2.1M$1.7M2024
Revenue Expenses · by fiscal year end
Financials of VIRGINIA CREDIT UNION LEAGUE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,101,396$1,651,959$449,437$13,939,647$3,597,449$10,342,198
December 31, 2023990$2,161,730$1,572,890$588,840$13,662,695$3,546,251$10,116,444
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,797,073
Investment income
$143,568
Net rental income
$81,060
Net gain from sales of assets
$186
Net income from fundraising events
-$2,663
Other revenue
$160,755

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$249,765
Other salaries and wages
$764,153
Salaries, compensation and benefits (total)
$1,407,699
Professional fundraising fees
$0
Legal fees
$572,194
Accounting fees
$33,300
Occupancy
$132,231
Travel
$76,166
Depreciation
$92,611
Program services (functional)
$1,651,959

Balance sheet and other

Total assets, start of year
$13,662,695
Total assets, end of year
$13,939,647
Total liabilities, end of year
$3,597,449
Net assets, end of year
$10,342,198
Land, buildings and equipment
$3,193,242
Publicly traded securities
$538,796
Net assets without donor restrictions
$10,119,142
Net assets with donor restrictions
$223,056
Gross receipts
$2,117,023
Employees
10
Volunteers
0
Year formed
1952
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, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JAMES T BLAUCHIEF ADVOCACY OFFICER
Officer
40$125,746$125,746$30,465
DAVID DEACONVICE PRESIDENT
Officer
40$0$149,787$33,775
KARIMA FREEMANINTERIM PRESIDENT
Officer
40$60,032$60,032$37,003
CARRIE HUNTPRESIDENT
Officer
40$63,987$63,987$8,486
JEFF BENTLEYCHAIRMAN
Trustee or director, Officer
1$0$0$0
PAUL MUSEVICE CHAIRMAN
Trustee or director, Officer
1$0$0$0
JANINE WILLIAMSTREASURER
Trustee or director, Officer
1$0$0$0
BRUCE SIXSECRETARY
Trustee or director, Officer
1$0$0$0
KEVIN ALFREDDIRECTOR
Trustee or director
1$0$0$0
CHARLIE MALLONDIRECTOR
Trustee or director
1$0$0$0
JOE THOMASDIRECTOR
Trustee or director
1$0$0$0
MIKE WARRELLDIRECTOR
Trustee or director
1$0$0$0
CHRIS WILLIAMSDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
CARRIE HUNTPRESIDENT
Officer
40$183,032$183,032$50,861
JAMES T BLAUCHIEF ADVOCACY OFFICER
Officer
40$92,656$92,656$29,433
KARIMA FREEMANINTERIM PRESIDENT
Officer
40$26,200$78,599$31,412
DAVID DEACONVICE PRESIDENT
Officer
40$0$104,809$31,136
JOE THOMASCHAIRMAN
Trustee or director, Officer
1$0$0$0
JEFF BENTLEYVICE CHAIRMAN
Trustee or director, Officer
1$0$0$0
PAUL MUSETREASURER
Trustee or director, Officer
1$0$0$0
JANINE WILLIAMSSECRETARY
Trustee or director, Officer
1$0$0$0
MICHAEL HUFFDIRECTOR
Trustee or director
1$0$0$0
DEBRA VOLLMERDIRECTOR
Trustee or director
1$0$0$0
BRUCE SIXDIRECTOR
Trustee or director
1$0$0$0
MIKE WARRELLDIRECTOR
Trustee or director
1$0$0$0
CHRIS WILLIAMSDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
108 N 8TH ST, RICHMOND, VA 23219-2306
Principal officer (990 for 2024)
KARIMA FREEMAN, 108 N 8TH STREET, RICHMOND, VA 23219
Signed the 990
KARIMA FREEMAN, PRESIDENT
Phone
(434) 237-9600
Return prepared by
DAVIDSON DOYLE & HILTON LLP

Mission

OUR MISSION INCLUDES REGULATORY AND POLITICAL ADVOCACY FOR CREDIT UNIONS, EDUCATION AND TRAINING CREDIT UNION STAFF AND VOLUNTEERS, PLUS A WIDE RANGE OF INFORMATIONAL AND OPERATIONAL RESOURCES.

990 for the year ended December 31, 2024

Program accomplishments

  • OUR SERVICES INCLUDE STATE CREDIT UNION ACTIVITIES SUCH AS REGULATORY AND POLITICAL ADVOCACY, AND A WIDE RANGE OF INFORMATIONAL AND OPERATIONAL RESOURCES.
    Expenses $1,651,959

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
54-0554860
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1957
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$13,939,647
Income (IRS master file)
$2,117,023

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,101,396$1,651,959$13,939,647IRS
990December 2023$2,161,730$1,572,890$13,662,695XML
990December 2022$2,111,824$1,706,086$13,230,387IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 54-0554860).

Questions about VIRGINIA CREDIT UNION LEAGUE INC

What is the EIN of VIRGINIA CREDIT UNION LEAGUE INC?
The employer identification number (EIN) of VIRGINIA CREDIT UNION LEAGUE INC is 54-0554860.
Is VIRGINIA CREDIT UNION LEAGUE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1957.
Are donations to VIRGINIA CREDIT UNION LEAGUE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does VIRGINIA CREDIT UNION LEAGUE INC 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 CREDIT UNION LEAGUE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VIRGINIA CREDIT UNION LEAGUE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of VIRGINIA CREDIT UNION LEAGUE INC?
The 990 for the year ended December 31, 2024 names KARIMA FREEMAN.
Who are the officers and directors of VIRGINIA CREDIT UNION LEAGUE INC?
The 990 for the year ended December 31, 2024 lists 13 people; 3 received compensation from the organization, the highest $125,746 (JAMES T BLAU, CHIEF ADVOCACY OFFICER).
How much revenue does VIRGINIA CREDIT UNION LEAGUE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,101,396, expenses of $1,651,959 and total assets of $13,939,647 at year end.

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