Mpb Inc

Mpb Inc, based in Virginia Beach, Virginia, functions as a property holding entity for the nonprofit organization, Sentara Enterprises. The primary role of Mpb Inc is to manage real estate assets, collect rent revenue, and subsequently transfer the net income to Sentara Enterprises, its tax-exempt parent organization. This financial arrangement supports Sentara Enterprises' charitable initiatives as outlined in IRC Section 501(C)(3).

Mpb Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Mpb 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.

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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Mpb Inc is a holding company, established as a non-profit organization under IRC section 501(c)(2). Its primary role is to own property and generate income from it. The income collected is then transferred, after deducting expenses, to its tax-exempt parent organization, Sentara Enterprises, which is a Section 501(c)(3) entity. In essence, Mpb Inc functions as a real estate holding entity, with its earnings contributing to the larger mission of Sentara Enterprises.

Aubrey L Layne is the President & Chairman of Mpb Inc.

Mpb Inc's revenue in 2022 was $73,954,140.

The Mpb Inc’s most recent form 990 was submitted in 2022 and can be accessed here