Overview
What is Virginia Private Colleges Benefits Consortium Inc?
Virginia Private Colleges Benefits Consortium Inc is a nonprofit organization located in Bedford, Virginia, with the address 118 E Main Street. They provide various benefits, including medical, prescription drugs, wellness, dental, and vision, to approximately 3,300 faculty and staff at 17 private Virginia colleges and the sponsoring association. Their mission is to establish and maintain one or more health and welfare plans, offering benefits such as life, sickness, and accident coverage, which fall under the definition of an "employee welfare benefit plan" according to the Employee Retirement Income Security Act of 1974. The consortium was organized for the benefit of the employees of these colleges and the sponsoring association.
Official website here: www.cicv.org
Is Virginia Private Colleges Benefits Consortium Inc legitimate?
Virginia Private Colleges Benefits Consortium Inc is a legitimate nonprofit organization registered as a 501(c)(9) entity. Virginia Private Colleges Benefits Consortium Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cicv.org
What is the mission statement of Virginia Private Colleges Benefits Consortium Inc?
The Virginia Private Colleges Benefits Consortium Inc was established to set up and manage health and welfare plans, providing benefits such as life, sickness, and accident coverage for the faculty and staff of seventeen private Virginia colleges and the sponsoring association. According to the Employee Retirement Income Security Act of 1974, this plan is classified as an "employee welfare benefit plan." Its primary objective is to ensure the well-being of the employees of the member colleges and the consortium by administering these benefits.
Official website here: www.cicv.org
Who is the CEO of Virginia Private Colleges Benefits Consortium Inc?
Tim Klopfenstein is the Director of Virginia Private Colleges Benefits Consortium Inc.
Official website here: www.cicv.org
What is the revenue of Virginia Private Colleges Benefits Consortium Inc?
Virginia Private Colleges Benefits Consortium Inc's revenue in 2022 was $41,253,113.
Official website here: www.cicv.org
Who are the executives of Virginia Private Colleges Benefits Consortium Inc and what are their salaries?
- Tim Klopfenstein (Executive Director)
- Paul Davies (Director)
- Kim Harper (Secretary) [Trustee/Director]
- Kerry Edmonds (Director)
- Judy Pedneau (Director)
- Tracy Peery (Director)
- Alexandra Southworth-Molchan (Director)
- David Mowen (Director)
- Luther Griffith (Director)
- Robert Lambeth (Director)
- Ken Copeland (Chair) [Trustee/Director]
- Holli Harman (Treasurer) [Trustee/Director]
- Don Aungst (Vice-Chair) [Trustee/Director]
- Sean Simplicio (Director)
- Jina Sauls (Director)
- Linda Hall (Director)
- Robert Huch (Director)
- Kristie White (Director)
- Regina Barletta (Director)
- Chris Chandler (Director)
Official website here: www.cicv.org
Where can I find the form 990 for Virginia Private Colleges Benefits Consortium Inc?
The Virginia Private Colleges Benefits Consortium Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.cicv.org
Learn more at the official website: www.cicv.org
Mission Statement of Virginia Private Colleges Benefits Consortium Inc
Virginia Private Colleges Benefits Consortium Inc is a not-for-profit organization established to create and manage one or more health and welfare plans for the employees of its member private colleges and universities in Virginia. The primary goal of the Consortium is to provide medical and prescription drug benefits for the faculty and staff of these educational institutions and the sponsoring association.
In simple terms, the Virginia Private Colleges Benefits Consortium, Inc. was formed to ensure that the employees of its member colleges and universities in Virginia have access to comprehensive employee welfare benefit plans, including life, sickness, accident, and similar coverage. According to the Employee Retirement Income Security Act of 1974, this plan is considered an "employee welfare benefit plan." The Consortium offers these benefits to the employees of its various college and university members.
Impact
This information is meant to be a general summary of Virginia Private Colleges Benefits Consortium Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Virginia Private Colleges Benefits Consortium Inc's impact lies in providing essential medical, prescription drug, wellness, dental, and vision benefits to 3,300 faculty and staff members at 17 private Virginia colleges and the sponsoring association. By organizing and maintaining health and welfare plans, the organization ensures that employees have access to necessary benefits for their well-being. This enables the employees to focus on their work and contribute effectively to the academic environment of the colleges.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEALTH AND WELFARE PLAN CONTRIBUT
Revenue
$27,722,304
HEALTH AND WELFARE PLAN CONTRIBUT
Revenue
$13,330,878
Organization Details
Founding Year
2009
Phone
(540) 586-1803
Principal Officer
Tim Klopfenstein
Main Address
118 E MAIN STREET, BEDFORD, VA, 24523
Website
www.cicv.org
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Virginia Private Colleges Benefits Consortium Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.