Nonprofit · EIN 54-1094907
VIRGINIA ASSOCIATION OF COMMUNITY BANKS
Tax-exempt · HENRICO, VA 23228
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $699,776 | $766,976 | -$67,200 | $887,961 | $623,434 | $264,527 |
| December 31, 2024 | 990 | $805,402 | $899,794 | -$94,392 | $471,124 | $139,397 | $331,727 |
| December 31, 2023 | 990 | $727,075 | $777,561 | -$50,486 | $597,629 | $171,510 | $426,119 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $33,451
- Program service revenue
- $515,597
- Investment income
- $13,537
- Royalties
- $132,313
- Net income from fundraising events
- $1,447
- Other revenue
- $137,191
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $196,000
- Other salaries and wages
- $155,587
- Salaries, compensation and benefits (total)
- $441,015
- Professional fundraising fees
- $0
- Legal fees
- $5,477
- Accounting fees
- $22,340
- Occupancy
- $56,103
- Travel
- $6,081
- Depreciation
- $4,816
Balance sheet and other
- Total assets, start of year
- $471,124
- Total assets, end of year
- $887,961
- Total liabilities, end of year
- $623,434
- Net assets, end of year
- $264,527
- Land, buildings and equipment
- $467,091
- Net assets without donor restrictions
- $264,527
- Gross receipts
- $712,744
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1977
- 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 |
|---|---|---|---|
| COREY J CONNORS | PRESIDENT & CEO Trustee or director, Officer | 40 | $196,000 |
| KATHERINE GARNER | VP, EDUCATION AND COMMUNICATIONS Highest-paid employee | 40 | $110,278 |
| LISA E KILGOUR | CHAIR Trustee or director, Officer | 3 | $0 |
| DABNEY TP GILLIAM JR | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| TARA Y HARRISON | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 |
| JAMES E HENDRICKS | SECRETARY Trustee or director, Officer | 1 | $0 |
| LEANNE R EMERT | TREASURER Trustee or director, Officer | 1 | $0 |
| BLAKE M EDWARDS JR | ICBA VA DELEGATE Trustee or director, Officer | 1 | $0 |
| CETRIC A GAYLES | DIRECTOR Trustee or director | 1 | $0 |
| AARON S GREEN | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT J HOBBS | DIRECTOR Trustee or director | 1 | $0 |
| PAUL M MYLUM | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS L RASEY JR | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW H STEILBERG | DIRECTOR Trustee or director | 1 | $0 |
| MARK N REED | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE YEAKEL | PRESIDENT & CEO (THRU DEC 2024) Officer | 40 | $183,987 |
| COREY J CONNORS | PRESIDENT & CEO (BEG OCT 2024) Trustee or director, Officer | 40 | $58,625 |
| BLAKE M EDWARDS JR | ICBA DELEGATE Trustee or director, Officer | 1 | $0 |
| JOSEPH R WITT | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 |
| DABNEY TP GILLIAM JR | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| LISA E KILGOUR | CHAIR ELECT Trustee or director, Officer | 1 | $0 |
| TARA Y HARRISON | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| LEANNE R EMERT | DIRECTOR Trustee or director | 1 | $0 |
| CETRIC A GAYLES | DIRECTOR Trustee or director | 1 | $0 |
| AARON S GREEN | DIRECTOR Trustee or director | 1 | $0 |
| JAMES E HENDRICKS | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT J HOBBS | DIRECTOR Trustee or director | 1 | $0 |
| PAUL M MYLUM | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS L RASEY JR | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW H STEILBERG | DIRECTOR Trustee or director | 1 | $0 |
| MARK N REED | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVEN C YEAKEL | PRESIDENT & CEO Trustee or director, Officer | 40 | $179,564 |
| JEFF W DICK | ICBA DELEGATE Trustee or director, Officer | 1 | $0 |
| JAY A STAFFORD | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 |
| LEANNE R EMERT | DIRECTOR Trustee or director | 1 | $0 |
| DABNEY TP GILLIAM JR | DIRECTOR Trustee or director | 1 | $0 |
| JAMES E HENDRICKS | DIRECTOR Trustee or director | 1 | $0 |
| BLAKE EDWARDS | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH R WITT | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| LISA E KILGOUR | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| CETRIC A GAYLES | DIRECTOR Trustee or director | 1 | $0 |
| TARA Y HARRISON | CHAIR ELECT Trustee or director, Officer | 1 | $0 |
| AARON S GREEN | DIRECTOR Trustee or director | 1 | $0 |
| PAUL M MYLUM | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS L RASEY | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER SNODGRASS | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT J HOBBS | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW H STEILBERG | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6003 STAPLES MILL RD, HENRICO, VA 23228-4923
- Principal officer (990 for 2025)
- COREY CONNORS, 6003 STAPLES MILL ROAD, RICHMOND, VA 23228
- Signed the 990
- COREY CONNORS, PRESIDENT & CEO
- Phone
- (804) 673-8250
- Website
- WWW.VACB.ORG
- Return prepared by
- YOUNT HYDE & BARBOUR PC CPA
Mission
TO PROVIDE UNDILUTED ADVOCACY, TARGETED EDUCATION AND QUALITY COLLABORATION FOR VIRGINIA'S COMMUNITY BANKS.
Program accomplishments
- A. ADVOCACY AND MEMBERSHIP - VACB REPRESENTED AND PROMOTED THE INTERESTS OF INDEPENDENT COMMUNITY BANKS AT THE FEDERAL AND STATE LEVELS OF GOVERNMENT.
- B. EDUCATION AND PROGRAMS VACB CONDUCTED EDUCATIONAL SEMINARS, MEMBER ROUNDTABLES, AND HELD PROGRAMS THAT ALLOWED COMMUNITY BANKERS TO DISCOVER BEST PRACTICES. VACB PROVIDED SEMINARS AND WEBINARS ON BANKING COMPLIANCE, REGULATION, AND OPERATIONS.
- C. ANNUAL MEETING - VACB PROVIDED MEMBERS AND OTHERS ASSOCIATED WITH COMMUNITY BANKS WITH OPPORTUNITIES TO LEARN ABOUT NEW PRODUCTS, SHARE IDEAS, AND CONDUCTED THE ANNUAL BUSINESS OF THE ORGANIZATION.
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
- 54-1094907
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $887,961
- Income (IRS master file)
- $712,744
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $699,776 | $766,976 | $887,961 | XML |
| 990 | December 2024 | $805,402 | $899,794 | $471,124 | XML |
| 990 | December 2023 | $727,075 | $777,561 | $597,629 | XML |
| 990 | December 2022 | $695,274 | $718,540 | $656,040 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 54-1094907).
Questions about VIRGINIA ASSOCIATION OF COMMUNITY BANKS
- What is the EIN of VIRGINIA ASSOCIATION OF COMMUNITY BANKS?
- The employer identification number (EIN) of VIRGINIA ASSOCIATION OF COMMUNITY BANKS is 54-1094907.
- Is VIRGINIA ASSOCIATION OF COMMUNITY BANKS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1979.
- Are donations to VIRGINIA ASSOCIATION OF COMMUNITY BANKS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIRGINIA ASSOCIATION OF COMMUNITY BANKS 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 ASSOCIATION OF COMMUNITY BANKS 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 VIRGINIA ASSOCIATION OF COMMUNITY BANKS 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 VIRGINIA ASSOCIATION OF COMMUNITY BANKS?
- The 990 for the year ended December 31, 2025 names COREY CONNORS.
- Who are the officers and directors of VIRGINIA ASSOCIATION OF COMMUNITY BANKS?
- The 990 for the year ended December 31, 2025 lists 15 people; 2 received compensation from the organization, the highest $196,000 (COREY J CONNORS, PRESIDENT & CEO).
- How much revenue does VIRGINIA ASSOCIATION OF COMMUNITY BANKS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $699,776, expenses of $766,976 and total assets of $887,961 at year end.
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