Nonprofit · EIN 54-1765171
VIRGINIA BUSINESS COUNCIL INC
Tax-exempt · VIRGINIA BCH, VA 23451
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $73,500 | $79,664 | -$6,164 | $126,885 | – | $126,885 |
| December 31, 2023 | 990-EZ | $77,000 | $74,648 | $2,352 | $133,049 | – | $133,049 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Program service revenue
- $73,500
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $48,645
- Other expenses
- $31,019
- Program services (functional)
- $26,611
Balance sheet and other
- Total assets, start of year
- $133,049
- Total assets, end of year
- $126,885
- Total liabilities, end of year
- –
- Net assets, end of year
- $126,885
- Cash, savings and investments
- $126,885
- Gross receipts
- $73,500
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM H FRALIN JR | IMMEDIATE PA | 0.5 | $0 |
| THOMAS PALMER | CHAIR | 1 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM H FRALIN JR | IMMEDIATE PA | 0.5 | $0 |
| THOMAS PALMER | CHAIR | 1 | $0 |
| BRENT ARCHER | VICE CHAIR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 673, VIRGINIA BCH, VA 23451-0673
- In care of
- % STEVE CANNON
- Signed the 990-EZ
- THOMAS PALMER, CHAIR
- Phone
- (571) 242-2684
- Return prepared by
- SIMA ACCOUNTING GROUP LLC
Mission
TO PROMOTE VIRGINIA BUSINESSES
Program accomplishments
- TO SUPPORT PUBLIC POLICY THAT WILL ENHANCE FREE ENTERPRISE AND ECONOMIC DEVELOPMENT IN VIRGINIA.Expenses $26,611
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 54-1765171
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $126,885
- Income (IRS master file)
- $73,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $73,500 | $79,664 | $126,885 | IRS |
| 990-EZ | December 2023 | $77,000 | $74,648 | $133,049 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 54-1765171).
Questions about VIRGINIA BUSINESS COUNCIL INC
- What is the EIN of VIRGINIA BUSINESS COUNCIL INC?
- The employer identification number (EIN) of VIRGINIA BUSINESS COUNCIL INC is 54-1765171.
- Is VIRGINIA BUSINESS COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1995.
- Are donations to VIRGINIA BUSINESS COUNCIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIRGINIA BUSINESS COUNCIL 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 BUSINESS COUNCIL 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 BUSINESS COUNCIL INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of VIRGINIA BUSINESS COUNCIL INC?
- The 990-EZ for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does VIRGINIA BUSINESS COUNCIL INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $73,500, expenses of $79,664 and total assets of $126,885 at year end.
Other nonprofits in VIRGINIA BCH
- SENTARA HEALTH PLANS EIN 54-1283337 · last filed 990 for 2024
- SENTARA HOSPITALS EIN 54-1547408 · last filed 990 for 2024
- AVMED INC EIN 59-2742907 · last filed 990 for 2024
- LIFENET HEALTH EIN 52-1273592 · last filed 990 for 2024
- SENTARA PRINCESS ANNE HOSPITAL EIN 27-3208969 · last filed 990 for 2024
- MARTHA JEFFERSON HOSPITAL EIN 54-0261840 · last filed 990 for 2024
- SENTARA MEDICAL GROUP EIN 54-1217184 · last filed 990 for 2024
- POTOMAC HOSPITAL CORPORATION OF PRINCE WILLIAM EIN 54-0853898 · last filed 990 for 2024