Virginia Association of Community Banks


Virginia Association of Community Banks

VACB’s mission is to assist its members in serving their shareholders, customers, employees and community in a competent and profitable manner and to represent the membership by promoting a unified philosophy. Membership: $500-1,300 (Active-Bank, based on asset size); $600-1,000 (Associate-Business, based on number of employees).

Organization Type:
State or Regional Association
Acronym:
VACB
Tax Exempt Status:
501(c)(6)
Industry:
Banking/Finance/Investments, Banking/Credit & Finance/Savings & Loan
Year Founded:
1977
Address:
7204 Glen Forest Dr.
Suite 101 Richmond, VA 23226-3778
Telephone:
Fax:
Website:
Staff:
7
Members:
85 banks


Financial Snapshot

 

Total revenues: $790,766


Year - 2017
1st-yr growth
11.16%
 
 
 
 
 
Year by Year
Revenue
 
Program service revenue
 
Royalties
 
Investment income
 
Other

Total expenses: $768,650


Year - 2017
1st-yr growth
7.63%
 
 
 
 
 
Year by Year
Expenses
 
Other expenses
 
Compensation of current officers, directors, etc
 
Compensation for non-officers/directors
 
Other

Total assets: $655,511


Year - 2017
1st-yr growth
-10.81%
 
 
 
 
 
Year by Year
Assets
 
Savings and temporary cash investments
 
Cash -- non-interest bearing
 
Accounts receivable
 
Other

Total Liabilities: $85,751


Year - 2017
1st-yr growth
-108.44%
 
 
 
 
 
Year by Year
Liabilities
 
Unsecured mortgages and notes payable
 
Deferred revenue
 
Accounts payable and accrued expenses
 
Other

   Revenue:

Revenue: Amount ($)
Program service revenue 622,180
Royalties 162,860
Investment income 3,981
Fundraising income 1,745
Total contributions 0
Income from sales of inventory 0
Sales of non-inventory assets 0
Net rental income 0
Miscellaneous revenue 0
Gaming income 0
Tax-exempt bond proceeds 0
Total Revenue:

$790,766

1-yr growth
11.16%
Program service revenue
Royalties
Investment income
Fundraising income

   Expenses:

Expenses: Amount ($)
Other expenses 314,161
Compensation of current officers, directors, etc 148,301
Compensation for non-officers/directors 141,484
Occupancy 41,773
Insurance 36,870
Office expenses 29,590
Payroll taxes 20,997
Travel 13,514
Depreciation, depletion, amortization 11,213
Accounting fees 9,184
Conferences, conventions, meetings 1,563
Interest expense 0
Payments to affiliates 0
Travel/entertainment expenses to public officials 0
Lobbying fees 0
Professional fundraising fees 0
Investment management fees 0
Other fees 0
Advertising and promotion 0
Management fees 0
Legal fees 0
Information technology 0
Royalties 0
Pension plan contributions 0
Other employee benefits 0
Compensation of disqualified persons 0
Grants to governments/orgs in the US 0
Grants to individuals in the US 0
Grants to orgs and individuals outside the US 0
Benefits paid to or for members 0
Total Expenses:

$768,650

1-yr growth
7.63%
Other expenses
Compensation of current officers, directors, etc
Compensation for non-officers/directors
Occupancy
Insurance
Office expenses
Payroll taxes
Travel
Depreciation, depletion, amortization
Accounting fees
Others

   Assets:

Assets: Amount ($)
Savings and temporary cash investments 450,364
Cash -- non-interest bearing 158,323
Accounts receivable 24,269
Land, buildings, & equipment (net) 11,788
Prepaid expenses or deferred charges 7,159
Other assets 3,608
Pledges and grants receivable 0
Investments in publicly traded securities 0
Inventories for sale or use 0
Investments in other securities 0
Receivables from officers, directors, etc. 0
Receivables from disqualified persons 0
Notes and loans receivables 0
Program-related investments 0
Intangible assets 0
Total Assets:

$655,511

1-yr growth
-10.81%
Savings and temporary cash investments
Cash -- non-interest bearing
Accounts receivable
Land, buildings, & equipment (net)
Prepaid expenses or deferred charges
Other assets

   Liabilities:

Liabilities: Amount ($)
Unsecured mortgages and notes payable 40,000
Deferred revenue 26,975
Accounts payable and accrued expenses 18,384
Secured mortgages and notes payabl 392
Other liabilities 0
Tax-exempt bond liabilities 0
Escrow or custodial account liability 0
Loans and other payables to officers, directors, etc. 0
Grants payable 0
Total Liabilities:

$85,751

1-yr growth
-108.44%
Unsecured mortgages and notes payable
Deferred revenue
Accounts payable and accrued expenses
Secured mortgages and notes payabl

   Net Assets:

Net Assets: Amount ($)
Unrestricted net assets 569,760
Temporarily restricted net assets 0
Permanently restricted net assets 0
Total Net Assets:

$569,760

1-yr growth
4.04%
Unrestricted net assets

Key Staff

  
Name Ascending
Title 
Function 
Add Prospect 
Brian K. Plum Chairman Board Member, Chairman of the Board ...X
G. Lyn Hayth Immediate Past Chairman Board Member, Senior Executive ...X
Katharine C. Garner CMP Vice President, Communications and Education Communications/Public Relations, Conference Committee Chair, Conventions/Meetings, Education, Membership ...X
Kelli C. Mallinger Contact, Membership Services Administration, Finance, Membership ...X
Lloyd B. Harrison III Chair Elect Board Member ...X
Steven C. Yeakel CAE President and Chief Executive Officer Chief Executive Officer, Executive Director ...X
William G. Foster Vice Chair Board Member ...X

Meetings/Conferences

Year Descending
Name 
Location 
Facility 
From 
To 
Attendance 
Exhibitors 
Facility Amenities 
2019VACB 42nd Annual Convention & Trade Show Williamsburg , VA , United States Williamsburg Lodge & Conference Center September 29 October 1   Convention Center, Golf...X
2018VACB 41st Annual Convention & Trade Show Roanoke , VA , United States Hotel Roanoke & Conference Center October 13 October 16    ...X
2017VACB 40th Annual Convention & Trade Show Williamsburg , VA , United States Kingsmill Resort October 1 October 3   Ski, Cruise, Golf, Casino, Convention Center...X
2016VACB 39th Annual Convention & Trade Show Leesburg , VA , United States Lansdowne Resort October 2 October 4   Golf, Convention Center...X
2015VACB 38th Annual Convention & Trade Show Williamsburg , VA , United States Williamsburg Lodge and Conference Center October 18 October 20    ...X

Publications

Name 
Frequency 
Advertising 
Membership DirectoryannuallyYes...X
The Community BankerquarterlyYes...X
The UpdatemonthlyYes...X

Recent Lobbying Spending

Source: Lobbying Disclosure Electronic Filings, Office of the Clerk, U.S House of Representatives.

2018 Q4: $0
2018 Q3: $0
2018 Q2: $0
2018 Q1: $0
2017: $0


PAC Details

Name: -



FEC ID: -



Last updated: -


PAC Contributions

(-)

Outside Representation

Firm Name Ascending
Reg/ Term 
Date 
  This organization has no outside representation data available.
 

Legislative Issue Focus

Source: Lobbying Disclosure Electronic Filings, Office of the Clerk, U.S House of Representatives.

This organization has no legislative issue data available.

Active Legislation

This organization has no active legislation data available.

Contractors

Contractor Ascending
Service Category 
Reported Year Descending
Reported Compensation 
  This organization has no contractors information available.
 

***Disclaimer: This information has been sourced from a combination of the IRS Forms 990, 5500, and the Federal Audit Clearinghouse



 
  AssociationExecs.com is a Paid Subscription Service.  
 
Sign-In For Existing Users
Email:
Password:
   
 
 
Sign up for a FREE 2-Day Trial today!

AssociationExecs is the largest and most comprehensive online directory of associations
and association executives.