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Virginia Private Colleges Benefits Consortium Inc

Organization summary

Type of Nonprofit

Designated as a Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Category: Mutual/Membership Benefit Organizations, Other / Voluntary Employees Beneficiary Associations (Non-Government) (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$42.8M (2023)

Expenses
$44.2M (2023)

Total Assets
$21.1M (2023)

Total Liabilities
$4.27M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$42,820,347
Expenses
$44,193,866
Net Income
-$1,373,519
Net Assets
$16,841,351
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $42,081,150
98.3%
Investment Income $739,197
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,108,913
Total Liabilities $4,267,562
Net Assets $16,841,351
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Davies (Director) $0 $0 $0
Kim Harper (Secretary) $0 $0 $0
Kerry Edmonds (Director) $0 $0 $0
Judy Pedneau (Director) $0 $0 $0
Tracy Peery (Director) $0 $0 $0
Todd Hill (Director) $0 $0 $0
David Mowen (Director) $0 $0 $0
Luther Griffith (Director) $0 $0 $0
Christopher Peace (Director) $0 $0 $0
Ken Copeland (Chair) $0 $0 $0
Holli Harman (Treasurer) $0 $0 $0
Don Aungst (Vice Chair) $0 $0 $0
Sean Simplicio (Director) $0 $0 $0
Jina Sauls (Director) $0 $0 $0
Lee Webster (Director) $0 $0 $0
Adam Whipple (Director) $0 $0 $0
Kristie White (Director) $0 $0 $0
Regina Barletta (Director) $0 $0 $0
Tim Klopfenstein (Executive Director) $0 $0 $1,077
Wanda Gardner (Assistant Secretary) $0 $0 $2,016

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,253,113
Expenses
$41,680,740
Net Income
-$427,627
Net Assets
$18,136,576
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $41,053,182
99.5%
Investment Income $199,931
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $22,090,377
Total Liabilities $3,953,801
Net Assets $18,136,576
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Davies (Director) $0 $0 $0
Kim Harper (Secretary) $0 $0 $0
Kerry Edmonds (Director) $0 $0 $0
Judy Pedneau (Director) $0 $0 $0
Tracy Peery (Director) $0 $0 $0
Alexandra Southworth Molchan (Director) $0 $0 $0
David Mowen (Director) $0 $0 $0
Luther Griffith (Director) $0 $0 $0
Robert Lambeth (Director) $0 $0 $0
Ken Copeland (Chair) $0 $0 $0
Tim Klopfenstein (Executive Director) $0 $0 $166
Holli Harman (Treasurer) $0 $0 $0
Don Aungst (Vice Chair) $0 $0 $0
Sean Simplicio (Director) $0 $0 $0
Jina Sauls (Director) $0 $0 $0
Linda Hall (Director) $0 $0 $0
Robert Huch (Director) $0 $0 $0
Kristie White (Director) $0 $0 $0
Regina Barletta (Director) $0 $0 $0
Chris Chandler (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,858,551
Expenses
$38,775,750
Net Income
$2,082,801
Net Assets
$18,646,041
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $40,839,024
100.0%
Investment Income $19,527
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $22,403,705
Total Liabilities $3,757,664
Net Assets $18,646,041
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Davies (Director) $0 $0 $0
Kim Harper (Secretary) $0 $0 $0
Kerry Edmonds (Director) $0 $0 $0
Judy Pedneau (Director) $0 $0 $0
Tracy Peery (Director) $0 $0 $0
Chris Chandler (Director) $0 $0 $0
David Mowen (Director) $0 $0 $0
Luther Griffith (Director) $0 $0 $0
Robert Lambeth (Director) $0 $0 $0
Ken Copeland (Chair) $0 $0 $0
Tim Klopfenstein (Executive Director) $0 $0 $277
Holli Harman (Treasurer) $0 $0 $0
Don Aungst (Vice Chair) $0 $0 $0
Sean Simplicio (Director) $0 $0 $0
Jina Sauls (Director) $0 $0 $0
Linda Hall (Director) $0 $0 $0
Robert Huch (Director) $0 $0 $0
Kristie White (Director) $0 $0 $0
Regina Barletta (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$42,732,775
Expenses
$42,911,879
Net Income
-$179,104
Net Assets
$16,563,240
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $42,505,159
99.5%
Investment Income $227,616
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,100,781
Total Liabilities $4,537,541
Net Assets $16,563,240
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Davies (Director) $0 $0 $0
Kim Harper (Director) $0 $0 $0
Kerry Edmonds (Director) $0 $0 $0
Stephen Bright (Director) $0 $0 $0
Judy Pedneau (Director) $0 $0 $0
Tracy Peery (Director) $0 $0 $0
Chris Chandler (Director) $0 $0 $0
Julie Billy (Director) $0 $0 $0
David Mowen (Director) $0 $0 $0
Luther Griffith (Director) $0 $0 $0
Robert Huch (Director) $0 $0 $0
Robert Lambeth (Director) $0 $0 $0
Ken Copeland (Director) $0 $0 $0
Tim Klopfenstein (Executive Director) $0 $0 $795
Jim Cooper (Director) $0 $0 $0
Holli Harman (Director) $0 $0 $0
Don Aungst (Director) $0 $0 $0
Sean Simplicio (Director) $0 $0 $0
Jina Sauls (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,344,271
Expenses
$45,070,285
Net Income
-$1,726,014
Net Assets
$16,742,344
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $42,671,849
98.4%
Investment Income $672,422
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,937,117
Total Liabilities $5,194,773
Net Assets $16,742,344
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Davies (Director) $0 $0 $0
Kim Harper (Director) $0 $0 $0
Kerry Edmonds (Director) $0 $0 $0
Stephen Bright (Director) $0 $0 $0
Judy Pedneau (Director) $0 $0 $0
Benita Bare (Director) $0 $0 $0
Chris Chandler (Director) $0 $0 $0
Tamica Epps (Director) $0 $0 $0
David Mowen (Director) $0 $0 $0
Luther Griffith (Director) $0 $0 $0
Robert Huch (Director) $0 $0 $0
Robert Lambeth (Director) $0 $0 $0
Ken Copeland (Director) $0 $0 $0
Jim Cooper (Director) $0 $0 $0
Holli Harman (Director) $0 $0 $0
Aaron Howell (Director) $0 $0 $0
Tim Klopfenstein (Executive Director) $0 $0 $4,542

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,696,776
Expenses
$39,084,237
Net Income
$4,612,539
Net Assets
$18,468,358
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $43,407,705
99.3%
Investment Income $289,071
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $24,566,617
Total Liabilities $6,098,259
Net Assets $18,468,358
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Davies (Director) $0 $0 $0
Anne Keeler (Director) $0 $0 $0
Kerry Edmonds (Director) $0 $0 $0
Stephen Bright (Director) $0 $0 $0
Judy Pedneau (Director) $0 $0 $0
Kim Steiner (Director) $0 $0 $0
Chris Chandler (Director) $0 $0 $0
Tamica Epps (Director) $0 $0 $0
David Mowen (Director) $0 $0 $0
Jenni Sauer (Director) $0 $0 $0
Lori Husein (Director) $0 $0 $0
Robert Huch (Director) $0 $0 $0
Robert Lambeth (Director) $0 $0 $0
Glenn Culley (Director) $0 $0 $0
Jim Cooper (Director) $0 $0 $0
Holli Harman (Director) $0 $0 $0
Aaron Howell (Director) $0 $0 $0
Tim Klopfenstein (Executive Director) $0 $0 $5,667

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,330,609
Expenses
$40,591,073
Net Income
$739,536
Net Assets
$13,855,819
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $41,202,985
99.7%
Investment Income $127,624
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $18,815,097
Total Liabilities $4,959,278
Net Assets $13,855,819
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Davies (Director) $0 $0 $0
Anne Keeler (Director) $0 $0 $0
Kerry Edmonds (Director) $0 $0 $0
Stephen Bright (Director) $0 $0 $0
Judy Pedneau (Director) $0 $0 $0
Rick Gaumer (Director) $0 $0 $0
Chris Chandler (Director) $0 $0 $0
Tamica Epps (Director) $0 $0 $0
David Mowen (Director) $0 $0 $0
Kathy Martin (Director) $0 $0 $0
Nicole Whitehead (Director) $0 $0 $0
Robert Huch (Director) $0 $0 $0
Robert Lambeth (Director) $0 $0 $0
Glenn Culley (Director) $0 $0 $0
Jim Cooper (Director) $0 $0 $0
Holli Harman (Director) $0 $0 $0
Aaron Howell (Director) $0 $0 $0
Tim Klopfenstein (Executive Director) $0 $0 $661

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,969,975
Expenses
$37,940,551
Net Income
$1,029,424
Net Assets
$13,116,283
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $38,891,294
99.8%
Investment Income $78,681
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,091,030
Total Liabilities $3,974,747
Net Assets $13,116,283
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Davies (Director) $0 $0 $0
Anne Keeler (Director) $0 $0 $0
Kerry Edmonds (Chair) $0 $0 $0
Stephen Bright (Director) $0 $0 $0
Judy Pedneau (Secretary) $0 $0 $0
Rick Gaumer (Director) $0 $0 $0
Chris Chandler (Director) $0 $0 $0
Hollace Enoch (Director) $0 $0 $0
David Mowen (Vice Chair) $0 $0 $0
Cathy Dickerson (Director) $0 $0 $0
Tim Klocko (Director) $0 $0 $0
Robert Huch (Director) $0 $0 $0
Robert Lambeth (Director) $0 $0 $0
Glenn Culley (Treasurer) $0 $0 $0
Cary Sawyer (Director) $0 $0 $0
Holli Harman (Director) $0 $0 $0
Aaron Howell (Director) $0 $0 $0
Tim Klopfenstein (Executive Director) $0 $0 $2,833

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,489,274
Expenses
$32,377,199
Net Income
$2,112,075
Net Assets
$12,086,859
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,391,622
99.7%
Investment Income $54,404
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $43,248
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $15,484,528
Total Liabilities $3,397,669
Net Assets $12,086,859

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,350,204
Expenses
$31,764,781
Net Income
$585,423
Net Assets
$9,974,784
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $32,284,338
99.8%
Investment Income $44,242
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,624
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,058,434
Total Liabilities $4,083,650
Net Assets $9,974,784
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Davies (Director) $0 $0 $0
Anne Keeler (Director) $0 $0 $0
Kerry Edmonds (Vice Chair) $0 $0 $0
Stephen Bright (Chair) $0 $0 $0
Judy Pendeau (Director) $0 $0 $0
Dirk Wilmoth (Director) $0 $0 $0
Chris Burnley (Director) $0 $0 $0
Hollace Enoch (Director) $0 $0 $0
David Mowen (Director) $0 $0 $0
Cathy Dickerson (Secretary) $0 $0 $0
Gail Payne (Director) $0 $0 $0
Robert Huch (Director) $0 $0 $0
Robert Lambeth (Director) $0 $0 $0
Glenn Culley (Treasurer) $0 $0 $0
Billy Greer (Director) $0 $0 $0
Tim Klopfenstein (Executive Director) $0 $0 $3,415

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,935,965
Expenses
$26,859,256
Net Income
$1,076,709
Net Assets
$9,389,361
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,893,097
99.8%
Investment Income $42,868
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,774,327
Total Liabilities $3,384,966
Net Assets $9,389,361
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Davies (Director) $0 $0 $0
Anne Keeler (Chair) $0 $0 $0
Kerry Edmonds (Treasurer) $0 $0 $0
Stephen Bright (Vice Chair) $0 $0 $0
Laura White (Director) $0 $0 $0
Dirk Wilmoth (Director) $0 $0 $0
Mary Alice Whisenant (Director) $0 $0 $0
Hollace Enoch (Director) $0 $0 $0
David Mowen (Director) $0 $0 $0
Cathy Dickerson (Director) $0 $0 $0
Gail Payne (Director) $0 $0 $0
Linda Morgan (Secretary) $0 $0 $0
Robert Lambeth (Director) $0 $0 $0
Glenn Culley (Director) $0 $0 $0
Billy Greer (Director) $0 $0 $0
Tim Klopfenstein (Executive Director) $0 $0 $1,477

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,073,600
Expenses
$23,415,622
Net Income
$4,657,978
Net Assets
$8,312,652
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,037,617
99.9%
Investment Income $35,983
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,732,369
Total Liabilities $2,419,717
Net Assets $8,312,652

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,370,296
Expenses
$21,774,225
Net Income
$2,596,071
Net Assets
$3,654,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,329,103
99.8%
Investment Income $19,514
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,679
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,812,514
Total Liabilities $2,157,840
Net Assets $3,654,674

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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