Virginia Financial Services Association
- Assets
- $50.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 11/1942
- Data as of
- 12/2021
- 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 12/2021, Virginia Financial Services Association generated $64.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $66.1k during the year ending 12/2021. 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
2021
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 | |
Jeff Smith IV Secretary/treasurer | 0 | $0 | |
Steve Brumit Director | 0 | $0 | |
Tim Jenkins Director | 0 | $0 | |
Penny Jarbeau Vice Chairman | 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 | $64,347 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $64,347 |
| 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 | $12,324 |
| Occupancy, rent, utilities, and maintenance | $119 |
| Printing, publications, postage, and shipping | $298 |
| Other expenses | $2,361 |
| Total expenses | $66,105 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,013 |
| Other assets | $0 |
| Total assets | $50,013 |
| Total liabilities | $0 |
| Net assets or fund balances | $50,013 |
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