Nonprofit · EIN 54-6051675
VIRGINIA FINANCIAL SERVICES ASSOCIATION
Tax-exempt · RICHMOND, VA 23219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $77,610 | $53,460 | $24,150 | $102,733 | $0 | $102,733 |
| December 31, 2023 | 990-EZ | $68,423 | $61,383 | $7,040 | $78,583 | $0 | $78,583 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Membership dues
- $77,610
Expenses
- Compensation of officers, directors and key employees
- $51,003
- Salaries, compensation and benefits (total)
- $51,003
- Professional fees and payments to contractors
- $712
- Other expenses
- $1,745
Balance sheet and other
- Total assets, start of year
- $78,583
- Total assets, end of year
- $102,733
- Total liabilities, end of year
- $0
- Net assets, end of year
- $102,733
- Cash, savings and investments
- $102,733
- Gross receipts
- $77,610
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 |
|---|---|---|---|
| THE SMITH GROUP INCJEFF D SMITH | PRESIDENT | 20 | $51,003 |
| JON W SNEAD | DIRECTOR | 0 | $0 |
| DAN QUANN | DIRECTOR | 0 | $0 |
| JEFF D SMITH III | SECRETARY/TREASURER | 0 | $0 |
| STEVE BRUMIT | DIRECTOR | 0 | $0 |
| BURNIE STAPLES | DIRECTOR | 0 | $0 |
| TIM JENKINS | DIRECTOR | 0 | $0 |
| CHRIS MCKINLEY | DIRECTOR | 0 | $0 |
| BILL ALLEN | DIRECTOR | 0 | $0 |
| KENNY HAYNES | DIRECTOR | 0 | $0 |
| PENNY JARBEAU | CHAIRMAN | 0 | $0 |
| SUMMER CLEVENGER | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THE SMITH GROUP INCJEFF D SMITH | PRESIDENT | 20 | $51,003 |
| JON W SNEAD | DIRECTOR | 0 | $0 |
| DAN QUANN | DIRECTOR | 0 | $0 |
| JEFF D SMITH III | SECRETARY/TREASURER | 0 | $0 |
| STEVE BRUMIT | DIRECTOR | 0 | $0 |
| BURNIE STAPLES | DIRECTOR | 0 | $0 |
| TIM JENKINS | DIRECTOR | 0 | $0 |
| CHRIS MCKINLEY | DIRECTOR | 0 | $0 |
| BILL ALLEN | DIRECTOR | 0 | $0 |
| KENNY HAYNES | DIRECTOR | 0 | $0 |
| PENNY JARBEAU | CHAIRMAN | 0 | $0 |
| SUMMER CLEVENGER | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1051 E CARY ST STE 1420, RICHMOND, VA 23219-4029
- Signed the 990-EZ
- JEFFERSON D SMITH IV, PRESIDENT
- Phone
- (804) 353-2322
- Return prepared by
- ROSELINE TAX ADVISORS PLLC
Mission
BUSINESS ASSOCIATION 501(C)(6)
Program accomplishments
- ORGANIZATION PROVIDES SUPPORT FOR FINANCIAL INSTITUTIONS IN VIRGINIA.
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
- 54-6051675
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $102,733
- Income (IRS master file)
- $77,610
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $77,610 | $53,460 | $102,733 | IRS |
| 990-EZ | December 2023 | $68,423 | $61,383 | $78,583 | 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 54-6051675).
Questions about VIRGINIA FINANCIAL SERVICES ASSOCIATION
- What is the EIN of VIRGINIA FINANCIAL SERVICES ASSOCIATION?
- The employer identification number (EIN) of VIRGINIA FINANCIAL SERVICES ASSOCIATION is 54-6051675.
- Is VIRGINIA FINANCIAL SERVICES ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1942.
- Are donations to VIRGINIA FINANCIAL SERVICES ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIRGINIA FINANCIAL SERVICES ASSOCIATION 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 FINANCIAL SERVICES ASSOCIATION 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 FINANCIAL SERVICES ASSOCIATION 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 FINANCIAL SERVICES ASSOCIATION?
- The 990-EZ for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $51,003 (THE SMITH GROUP INCJEFF D SMITH, PRESIDENT).
- How much revenue does VIRGINIA FINANCIAL SERVICES ASSOCIATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $77,610, expenses of $53,460 and total assets of $102,733 at year end.
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