Virginia Financial Services Association
- Assets
- $71.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 11/1942
- Data as of
- 12/2022
- EIN
- 54-6051675
Organization Overview
Virginia Financial Services Association is located in Richmond, VA. The organization was established in 1942. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Financial Services 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 12/2022, Virginia Financial Services Association generated $91.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $69.6k during the year ending 12/2022. While expenses have increased by 1.0% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ORGANIZATION PROVIDES SUPPORT FOR FINANCIAL INSTITUTIONS IN VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Smith Group Incjeff Smith II President | 20 | $51,003 | |
Jon Snead Director | 0 | $0 | |
Dan Quann Chairman | 0 | $0 | |
Jeff Smith IV Secretary/treasurer | 0 | $0 | |
Steve Brumit Director | 0 | $0 | |
Burnie Staples Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $91,098 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $91,098 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,003 |
| Professional fees and other payments to independent contractors | $15,250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $187 |
| Other expenses | $3,128 |
| Total expenses | $69,568 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,543 |
| Other assets | $0 |
| Total assets | $71,543 |
| Total liabilities | $0 |
| Net assets or fund balances | $71,543 |