Virginia Bar Association
- Assets
- $1.8m
- Revenue
- $1.7m
- Investments
- $500.0
- Employees
- 7
- Location
- Richmond, VA
- Founding
- 05/1970
- Data as of
- 12/2023
- EIN
- 54-0421162
Organization Overview
Virginia Bar Association is located in Richmond, VA. The organization was established in 1970. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Virginia Bar Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Bar Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Virginia Bar Association generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE & ADVANCE THE SCIENCE OF JURISPRUDENCE, PROMOTE REFORM IN THE LAW & IN JUDICIAL PROCEDURE, FACILITATE THE ADMINISTRATION OF JUSTICE IN VIRGINIA, AND TO UPHOLD & ELEVATE THE STANDARD OF HONOR, INTEGRITY, AND COURTESY IN THE LEGAL PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGHOUT THE YEAR, THE VIRGINIA BAR ASSOCIATION PRESENTS CONTINUING LEGAL EDUCATION PROGRAMMING FOCUSED ON THE LATEST STATUTORY CHANGES IN LAW. OUR SUBSTANTIVE LAW SECTIONS ORGANIZE CONFERENCES ON SPECIALIZED SUBJECTS. IN ADDITION, VBA OFFERS A GROWING CATALOG OF ON-DEMAND CLE COURSES AVAILABLE AS DOWNLOADABLE AUDIO PODCASTS OR VIDEOS.
THE VBA ALSO OFFERS A ROBUST LEGAL CAREER CENTER AND DOZENS OF NETWORKING OPPORTUNITIES FOR THEIR MEMBERS. IN ADDITION, THEY PUBLISH A MAGAZINE, THE VBA JOURNAL, WHICH CONTAINS SUBSTANTIVE ARTICLES OF GENERAL INTEREST TO VARIOUS LAW PRACTICE AREAS AS WELL AS NEWS AND EVENTS.
VBA'S 19 LAW SECTIONS CONNECT PRACTITIONERS IN SPECIFIC AREAS OF THE LAW. SECTIONS FACILITATE THE SHARING OF INFORMATION IN THEIR PRACTICE AREAS TO AID LAWYERS IN THE DAY-TO-DAY REPRESENTATION OF CLIENTS. THE LARGE AND ACTIVE YOUNG LAWYERS DIVISION CONNECTS 1,400 PRACTITIONERS BEGINNING THEIR LAW CAREERS BY OFFERING SOCIAL, EDUCATIONAL AND CHARITABLE EVENTS AND PROGRAMS.
THE VIRGINIA BAR ASSOCIATION IS DEVOTED TO IMPROVING VIRGINIA LAW. THEY ACTIVELY PROPOSE AND SUPPORT BEFORE THE VIRGINIA GENERAL ASSEMBLY STATUTORY CHANGES THAT ARE IN THE PUBLIC INTEREST. EACH YEAR, MEMBERS ANALYZE STATUTES AND PROPOSE LAW CHANGES TO THE BOARD OF GOVERNORS FOR POSSIBLE INCLUSION IN THE VBAS LEGISLATIVE AGENDA. EVERY VBA SECTION MEMBER RECEIVES A SUMMARY OF LEGISLATION PERTAINING TO THAT SECTION AFTER THE CLOSE OF THE REGULAR GENERAL ASSEMBLY SESSION. SECTION MEMBERS SAY THESE SUMMARIES CAN BE HELPFUL IN FLAGGING LEGISLATIVE ACTIONS OF IMPORTANCE TO THEM AND TO THEIR CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin D Leigh President | OfficerTrustee | 1 | $0 |
W Ryan Snow President | OfficerTrustee | 1 | $0 |
Victor O Cardwell Imm Past Pre | OfficerTrustee | 1 | $0 |
R Patrick Bolling Yld Chair | OfficerTrustee | 1 | $0 |
Ann Petros Yld Chair-El | OfficerTrustee | 1 | $0 |
Kimberlee Harris Ramsey Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $35,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,000 |
| Total Program Service Revenue | $1,599,143 |
| Investment income | $49,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,135 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,723,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $183,592 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,475 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $76,655 |
| Payroll taxes | $39,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $86,050 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,419 |
| Advertising and promotion | $6,157 |
| Office expenses | $97,091 |
| Information technology | $21,491 |
| Royalties | $0 |
| Occupancy | $196,509 |
| Travel | $12,177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $602,941 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,889 |
| All other expenses | $6,493 |
| Total functional expenses | $1,831,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,815,097 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,815,597 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $562,514 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,250 |
| Total liabilities | $564,764 |
| Net assets without donor restrictions | $1,250,833 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,815,597 |