Nonprofit · EIN 54-6198695
VIRGINIA BANKERS ASSOCIATION GROUP BENEFITS TRUST
Tax-exempt · GLEN ALLEN, VA 23060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $64,101,494 | $66,153,111 | -$2,051,617 | $30,738,775 | $7,016,150 | $23,722,625 |
| December 31, 2024 | 990 | $60,920,473 | $61,111,419 | -$190,946 | $33,555,380 | $8,611,295 | $24,944,085 |
| December 31, 2023 | 990 (amended) | $86,528,320 | $80,113,358 | $6,414,962 | $35,702,785 | $11,047,042 | $24,655,743 |
| December 31, 2022 | 990 (amended) | $79,067,523 | $82,186,820 | -$3,119,297 | $28,676,501 | $11,221,030 | $17,455,471 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $62,538,839
- Investment income
- $1,562,655
- Net gain from sales of assets
- $525,220
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $65,232,787
- Compensation of officers, directors and key employees
- $20,571
- Salaries, compensation and benefits (total)
- $20,571
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $33,555,380
- Total assets, end of year
- $30,738,775
- Total liabilities, end of year
- $7,016,150
- Net assets, end of year
- $23,722,625
- Publicly traded securities
- $10,806,822
- Gross unrelated business income
- $1,562,655
- Gross receipts
- $67,111,113
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1989
- 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 |
|---|---|---|---|
| TRUIST BANK | TRUSTEE Institutional trustee | 1 | $19,845 |
| JOHN R CALDWELL | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS CHERRY | BOARD MEMBER Trustee or director | 1 | $0 |
| BARRY C ELSWICK | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE R AUSTIN | BOARD CHAIR Trustee or director | 1 | $0 |
| W MARK NELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES HENDRICKS JR | BOARD MEMBER Trustee or director | 1 | $0 |
| ELIZABETH T BEALE | BOARD MEMBER Trustee or director | 1 | $0 |
| MELODY D EMSWILER | BOARD MEMBER Trustee or director | 1 | $0 |
| BRANDON LOREY | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFF CULVER | BOARD MEMBER Trustee or director | 1 | $0 |
| C TAYLOR QUICKE | BOARD MEMBER Trustee or director | 1 | $0 |
| LARA RAMSEY | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRUIST BANK | TRUSTEE Institutional trustee | 1 | $26,513 |
| JOHN R CALDWELL | CHAIRMAN Trustee or director | 1 | $0 |
| THOMAS CHERRY | BOARD MEMBER Trustee or director | 1 | $0 |
| BARRY C ELSWICK | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE R AUSTIN | BOARD MEMBER Trustee or director | 1 | $0 |
| W MARK NELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES HENDRICKS JR | BOARD MEMBER Trustee or director | 1 | $0 |
| ELIZABETH T BEALE | BOARD MEMBER Trustee or director | 1 | $0 |
| MELODY D EMSWILER | BOARD MEMBER Trustee or director | 1 | $0 |
| BRANDON LOREY | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFF CULVER | BOARD MEMBER Trustee or director | 1 | $0 |
| C TAYLOR QUICKE | BOARD MEMBER Trustee or director | 1 | $0 |
| LARA RAMSEY | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRUIST BANK | TRUSTEE Institutional trustee | 1 | $25,521 |
| JOHN R CALDWELL | CHAIRMAN Trustee or director | 1 | $0 |
| THOMAS CHERRY | BOARD MEMBER Trustee or director | 1 | $0 |
| JAY A STAFFORD | BOARD MEMBER Trustee or director | 1 | $0 |
| BARRY C ELSWICK | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE R AUSTIN | BOARD MEMBER Trustee or director | 1 | $0 |
| W MARK NELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES HENDRICKS JR | BOARD MEMBER Trustee or director | 1 | $0 |
| ELIZABETH T BEALE | BOARD MEMBER Trustee or director | 1 | $0 |
| MELODY D EMSWILER | BOARD MEMBER Trustee or director | 1 | $0 |
| BRANDON LOREY | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRUIST BANK | TRUSTEE Institutional trustee | 1 | $26,970 |
| J PETER CLEMENTS | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN R CALDWELL | CHAIRMAN Trustee or director | 1 | $0 |
| THOMAS CHERRY | BOARD MEMBER Trustee or director | 1 | $0 |
| JAY A STAFFORD | BOARD MEMBER Trustee or director | 1 | $0 |
| BARRY C ELSWICK | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT GORMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICIA LEWIS | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE R AUSTIN | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK C HANNA | BOARD MEMBER Trustee or director | 1 | $0 |
| W MARK NELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT R CHAPMAN III | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES HENDRICKS JR | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4490 COX RD, GLEN ALLEN, VA 23060-3325
- Principal officer (990 for 2025)
- STACY PUCKETT, 4490 COX ROAD, GLEN ALLEN, VA 23060
- Signed the 990
- STACY PUCKETT, CFO
- Phone
- (804) 819-4727
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
VEBA TRUST FOR THE VIRGINIA BANKERS ASSOCIATION GROUP HEALTH BENEFIT PLANS.
Program accomplishments
- PREMIUMS PAID FOR MEDICAL AND DENTAL COVERAGE
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
- 54-6198695
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $30,738,775
- Income (IRS master file)
- $67,111,113
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $64,101,494 | $66,153,111 | $30,738,775 | XML |
| 990 | December 2024 | $60,920,473 | $61,111,419 | $33,555,380 | XML |
| 990 | December 2023 | $86,528,320 | $80,113,358 | $35,702,785 | XML |
| 990 | December 2022 | $79,067,523 | $82,186,820 | $28,676,501 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 54-6198695).
Questions about VIRGINIA BANKERS ASSOCIATION GROUP BENEFITS TRUST
- What is the EIN of VIRGINIA BANKERS ASSOCIATION GROUP BENEFITS TRUST?
- The employer identification number (EIN) of VIRGINIA BANKERS ASSOCIATION GROUP BENEFITS TRUST is 54-6198695.
- Is VIRGINIA BANKERS ASSOCIATION GROUP BENEFITS TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1990.
- Are donations to VIRGINIA BANKERS ASSOCIATION GROUP BENEFITS TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIRGINIA BANKERS ASSOCIATION GROUP BENEFITS TRUST 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 BANKERS ASSOCIATION GROUP BENEFITS TRUST 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 BANKERS ASSOCIATION GROUP BENEFITS TRUST 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 BANKERS ASSOCIATION GROUP BENEFITS TRUST?
- The 990 for the year ended December 31, 2025 names STACY PUCKETT.
- Who are the officers and directors of VIRGINIA BANKERS ASSOCIATION GROUP BENEFITS TRUST?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $19,845 (TRUIST BANK, TRUSTEE).
- How much revenue does VIRGINIA BANKERS ASSOCIATION GROUP BENEFITS TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $64,101,494, expenses of $66,153,111 and total assets of $30,738,775 at year end.
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