Locus
Donations deductibleRevenue
$138k
year to 31 December 2024
Expenses
$609k
year to 31 December 2024
Total assets
$120.4m
$2.4m liabilities
Net assets
$118m
assets less liabilities
Directors and trustees
17
4.1 years on average
Staff
99
employees, year to 31 December 2024
Chair observed
≥1 yr
Dixon Hanna
Left since last filing
0
no seats appear to have opened
Locus' network
17 people3 organisationsi17 people and 3 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (17). Violet dotted lines (12) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
17 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 16 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Dixon Hanna Chair | Chairman | 2022 | 4 yrs |
| Akshay Nandakumar | Director | 2023 | 3 yrs |
| Amir Kirkwood | President & CEO | 2023 | 3 yrs |
| Ashley N Coleman | Assistant Secretary | 2023 | 3 yrs |
| Cathy Dolan | Director | 2022 | 4 yrs |
| Charlie H Mills III (also filed as Charles Mills III) | Director | 2022 | 4 yrs |
| Clyde Cornett JR (also filed as Clyde Cornett) | Chief Financial Officer, EVP | 2023 | 3 yrs |
| David Edwards | Director | 2023 | 3 yrs |
| Florence Kingston | Director | 2022 | 4 yrs |
| Jackie Puente | Director | 2022 | 4 yrs |
| James W Harkness JR (also filed as James Harkness JR) | Vice Chair | 2022 | 4 yrs |
| Kimberly Armstrong (also filed as Kim Armstrong) | Director | 2022 | 4 yrs |
| Mary Dwyer Pembroke | Director | 2022 | 4 yrs |
| Robert Gilliam JR (also filed as Robert Gilliam) | Director | 2022 | 4 yrs |
| Sherry Magill | Director | 2022 | 4 yrs |
| Stacey Antonelli-Christensen | Company secretary | 2023 | 3 yrs |
| William Shelton | Director | 2022 | 4 yrs |
Officers and senior leadership
12 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Adam Northup | Senior Vice President | 2022 |
| Amir Kirkwood | President - VCC | 2022 |
| Caroline Nowery | Senior Vice President - Lo | since 2022 |
| Clyde Cornett JR | EVP & CFO | 2022 |
| Deborah Markley | Senior Vice President | since 2022 |
| James Baek | Sr. Vice President, Cigp | 2023 |
| Libba McKinsley | Chief of Staff | 2022 |
| Peter Taylor | Chief Operations Officer, SVP | 2023 |
| Sarah Stremlau | President - Locus | 2022 |
| Tammy Jackson | Chief Human Resources Officer, SVP | since 2022 |
| Wayne Waldrop | President - Lending | 2022 |
| William Groves | Senior Vice President | 2022 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Amir Kirkwood | President & CEO | 1 | $241k | $150k | |
| Angela C Zenon | Chief Growth and Strategy Officer | 1 | $44k | $200k | $6k |
| Dixon Hanna | Chairman | 1 | $0 | $10k | |
| Charlie H Mills III | Director | 1 | $0 | $8k | |
| Cathy Dolan | Director | 1 | $0 | $11k | |
| Mary Dwyer Pembroke | Director | 0.5 | $0 | $7k | |
| Kim Armstrong | Director | 1 | $0 | $12k | |
| Jackie Puente | Director | 1 | $0 | $10k | |
| Florence Kingston | Director | 1 | $0 | $14k | |
| Sherry Magill | Director | 0.5 | $0 | $6k | |
| William Shelton | Director | 1 | $0 | $16k | |
| Akshay Nandakumar | Director | 1 | $0 | $8k | |
| David Edwards | Director | 1 | $0 | $5k | |
| James Harkness | Director | 1 | $0 | $3k | |
| Clyde Cornett | Chief Financial Officer | 1 | $0 | $361k | $12k |
| Ashley N Coleman | Assistant Secretary | 1 | $0 | $168k | $6k |
| Stacey Antonelli-Christensen | Secretary | 1 | $0 | $58k | $1k |
| Hosheus Isaac | Chief Credit Officer | 1 | $0 | $195k | |
| Ernest Maddy | Sr. Relationship Manager III, Affordable Housing L | 1 | $0 | $153k | $5k |
| James Baek | Sr. Vice President, Cigp | 1 | $0 | $261k | $9k |
| Caroline Nowery | Chief External Affair Officer, SVP | 1 | $0 | $241k | $8k |
| Peter Taylor | Chief Information Officer | 1 | $0 | $215k | $7k |
| Tammy Jackson | Chief Human Capital Officer, SVP | 1 | $0 | $212k | $6k |
| William Greenleaf | Executive Director, Impact Lending | 1 | $0 | $207k | $7k |
About
- Legal name
- Locus
- EIN
- 863988949
- Address
- 110 Peppers Fry Rd Nw, Christiansbrg, VA, 24073-1068
- State
- Virginia
- Mission
- Our mission is to aide community and economic development initiatives, either directly or through investments in social enterprises that provide capital and/or technical assistance to early stage for-profit and non-profit business organizations and community organizations. (as filed on the Form 990)
- Activity (NTEE)
- S12 Community improvement and capacity building
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 9 (IRS master file code)
- Formed
- 2021
- Principal officer
- Clyde A Cornett Jr (as named on the Form 990)
- IRS ruling date
- 1 July 2022
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 2, latest 2023
- IRS Publication 78
- PC (contributions deductible)
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥4years on the filingsDixon Hanna
≥4years on the filingsCathy Dolan
≥4years on the filingsCharlie H Mills III
≥4years on the filingsFlorence Kingston
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $120.4m
- Total liabilities
- $2.4m
- Net assets or fund balances
- $118m
- Contributions and grants received
- $0
- Program service revenue
- $0
- Employees
- 99