NonprofitsVirginia Local Government Finance Corporation

Community Improvement & Capacity Building

Virginia Local Government Finance Corporation

RICHMOND, VA

Total revenue

$2.6M

Total expenses

$2.7M

Net assets

$718K

Grants received

EIN

201351659

Tax year

2023

Mission

To administer a program established and sponsored by the virginia municipal league and virginia association of counties which provides financial services to local government entities in the commonwealth of virginia.

Programs

3 programs

Provide accounting staff support to local governments in order to promote transparency and conformance with governmental accounting standards. Vlgfc provided accounting services to 18 local governments in fy24.

Expenses: $345K

Provide financing-related municipal advisory services in order to promote local transparency and sound financial management practices. Financing & municipal advisory includes facilitating the issuance of municipal notes, bank loans, and equipment leases for public purpose events; and providing advisory services for financial policies. Vlgfc provided financing & municipal advisory services for 20 political subdivisions.

Expenses: $230K

Other program services include providing educational and support services to local government finance officers and managers. Vlgfc serves as program administrator for the virginia government finance officers association and was a contributor to the virginia local government managers association and other local government professional organizations.

Expenses: $58K

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$2.6M
Investment income$22K
Other revenue
Total revenue$2.6M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$2.7M
Total expenses$2.7M
Total assets$1.3M
Net assets$718K

People

14 listed

NameRoleCompensation

LESLIE BEAUREGARD

DIRECTOR

Board

1 hrs/wk

JENNIFER BELL

DIRECTOR

Board

1 hrs/wk

MICHELLE GOWDY

DIRECTOR

Board

1 hrs/wk

MICHAEL G HAMP

DIRECTOR

Board

1 hrs/wk

TAYLOR HARVIE

DIRECTOR

Board

1 hrs/wk

DEBORAH KENDALL

PRESIDENT

Board

1 hrs/wk

ANDREA LIGHT

DIRECTOR

Board

1 hrs/wk

DEAN A LYNCH

DIRECTOR

Board

1 hrs/wk

MIKE MASON

DIRECTOR

Board

1 hrs/wk

MICHAEL NORRIS

DIRECTOR

Board

1 hrs/wk

DOUG STANLEY

VICE PRESIDE

Board

1 hrs/wk

ROBERT W LAUTERBERG

MANAGING DIR

Board

36 hrs/wk

CHRISTINE L LOPILATO

SECRETARY

Board

36 hrs/wk

STEVEN C MULROY

MANAGING DIR

Board

36 hrs/wk

Independent contractors

VLGFC MANAGEMENT SERVICES

MGMT COMPANY

$1.8M

Details

EIN201351659
NTEE codeS01
Subsection04
Ruling date2006-01
Formed2003
Employees0
VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION — Mission, Financials & Grants Received | Grantivo