2026-04-21T08:10:42-05:00 2025-12-31 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2025-01-01 271367957 VIRGINIA PRIVATE COLLEGES BENEFITS CONSORTIUM INC VIRG 5405259693 1 CEDAR HILL CT D BEDFORD VA 24523 TIM KLOPFENSTEIN EXECUTIVE DIRECTOR 5405259693 2026-04-20 1 PATRICK PITTMAN P00587461 5403450936 2026-04-20 2025 2025-03-06 01:10:19Z TIM KLOPFENSTEIN 1 CEDAR HILL CT SUITE D BEDFORD VA 24523 46275457 0 X WWW.VPCBC.ORG X 2009 VA PROVIDING MEDICAL & PRESCRIPTION DRUG BENEFITS TO THE FACULTY & STAFF OF 17 PRIVATE VA COLLEGES & THE SPONSORING ASSOCIATION. 18 18 0 0 0 0 500 0 43947033 45411376 1018774 864081 0 0 44966307 46275457 0 0 39114186 41942768 0 0 0 0 0 5194547 4681199 44308733 46623967 657574 -348510 21324457 21248949 3814904 4087796 17509553 17161153 X VIRGINIA PRIVATE COLLEGES BENEFITS CONSORTIUM, INC. WAS ORGANIZED TO ESTABLISH AND MAINTAIN ONE OR MORE HEALTH AND WELFARE PLANS FOR THE PAYMENT OF LIFE, SICK, ACCIDENT AND OTHER SIMILAR BENEFITS WHICH CONSTITUTE AN "EMPLOYEE WELFARE BENEFIT PLAN" WITHIN THE MEANING OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974. THE PLAN IS MAINTAINED FOR THE BENEFIT OF THE EMPLOYEES OF VARIOUS COLLEGE AND UNIVERSITY MEMBERS OF VIRGINIA PRIVATE COLLEGES BENEFITS CONSORTIUM, INC. AND THE SPONSORING ASSOCIATION. 0 0 MEDICAL,PRESCRIPTION DRUG, WELLNESS, DENTAL AND VISION BENEFITS ARE PROVIDED TO 3,100 FACULTY AND STAFF AT 17 PRIVATE VIRGINIA COLLEGES AND THE SPONSORING ASSOCIATION. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X TIM KLOPFENSTEIN EXECUTIVE DIRECTOR 5405259693 1 CEDAR HILL CT SUITE D BEDFORD VA 24523 X ROB YOUNG CHAIR 1.00 X X 0 0 0 KIM HARPER VICE-CHAIR 1.00 X X 0 0 0 HOLLI HARMAN TREASURER 1.00 X X 0 0 0 KERRY EDMONDS SECRETARY 1.00 X X 0 0 0 KEN COPELAND DIRECTOR 1.00 X 0 0 0 KAIN FUQUA DIRECTOR 1.00 X 0 0 0 CAROLINE DIXON DIRECTOR 1.00 X 0 0 0 DONNA HANKINS DIRECTOR 1.00 X 0 0 0 MELISSA WRIGHT DIRECTOR 1.00 X 0 0 0 BELINDA BURKE DIRECTOR 1.00 X 0 0 0 DAVID MOWEN DIRECTOR 1.00 X 0 0 0 CHRISTOPHER PEACE DIRECTOR 1.00 X 0 0 0 SHELLY IRVINE DIRECTOR 1.00 X 0 0 0 JINA SAULS DIRECTOR 1.00 X 0 0 0 CHRIS DORCSIS DIRECTOR 1.00 X 0 0 0 TYSON COOPER DIRECTOR 1.00 X 0 0 0 KRISTIE WHITE DIRECTOR 1.00 X 0 0 0 REGINA BARLETTA DIRECTOR 1.00 X 0 0 0 TIM KLOPFENSTEIN EXECUTIVE DIRECTOR 40.00 X 0 0 2595 WANDA GARDNER ASSISTANT SECRETARY 40.00 X 0 0 2756 0 0 5351 0 0 0 0 ANTHEM BLUECROSS BLUESHIELD 2015 STAPLES MILL ROAD RICHMOND VA 23230 MEDICAL AND RX CLAIM PROCESSING 3365423 COUNCIL OF INDEPENDENT COLLEGES IN VIRGI 108 N 8TH STREET RICHMOND VA 23219 PAYROLL & BENEFITS 428394 MARSH & MCLENNAN PO BOX 12748 ROANOKE VA 24028 BENEFIT PLAN CONSULTING 318453 EMPYREAN BENEFIT SOLUTIONS 3010 BRIARPARK DRIVE SUITE 8000 HOUSTON TX 77042 BILLING & ENROLLMENT SYSTEM PROVIDER 260537 DELTA DENTAL OF VIRGINIA 4818 STARKEY ROAD ROANOKE VA 24018 DENTAL CLAIMS PROCESSING 132476 5 HEALTH AND WELFARE PLAN CONTRIBUT 525100 31369893 31369893 HEALTH AND WELFARE PLAN CONTRIBUT 525100 14041483 14041483 45411376 864081 864081 46275457 45411376 0 864081 41942768 426713 39475 62491 544265 9314 27500 13707 3835 2631 63804 RETENTION 3387331 MEDICAL CLINICAL REVIEW 90153 ADVOCACY PROGRAM 39452 BANK AND TRUST CHARGES 5528 -35000 46623967 19148018 19472264 2066143 1672184 34990 45956 29636 21734 6970 7902 68336 50643 21324457 21248949 613957 939465 3200947 3148331 3814904 4087796 X 0 0 0 0 17509553 17161153 17509553 17161153 21324457 21248949 -348510 110 0 X X 0 1 X 1 0 4467 2159 2308 25169 19575 5594 7902 CLAIMS PAYABLE AND CLAIMS INCURRED BUT NOT REPORTED 3095000 OPERATING LEASE LIABILITY 53331 3148331 X 46275567 110 110 46275457 0 46275457 46623967 0 46623967 0 46623967 PART X, LINE 2: THE TRUST ESTABLISHED UNDER THE PLAN CONSTITUTES A "VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION AND HAS OBTAINED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE DATED SEPTEMBER 2, 2010 STATING THAT THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE OF 1986 (IRC). THE PLAN IS ALSO CLASSIFIED AS A MULTIPLE EMPLOYER WELFARE ARRANGEMENT (MEWA) BY THE DEPARTMENT OF LABOR (DOL). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2025, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. TIM KLOPFENSTEIN EXECUTIVE DIRECTOR 2595 THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA, NOT VIRGINIA PRIVATE COLLEGES BENEFITS CONSORTIUM, INC. AND IS "LEASED" BY THE CONSORTIUM. HOWEVER, THE TRAVEL EXPENSES INCURRED BY THE EXECUTIVE DIRECTOR ARE REIMBURSED DIRECTLY TO HIM BY THE CONSORTIUM. 0 WANDA GARDNER ASSISTANT SECRETARY 2756 THE ASSISTANT SECRETARY IS AN EMPLOYEE OF THE COUNCIL OF INDEPENDENT COLLEGES BENEFITS CONSORTIUM, INC. AND IS "LEASED" BY THE CONSORTIUM. HOWEVER, THE TRAVEL EXPENSES INCURRED BY THE ASSISTANT SECRETARY ARE REIMBURSED DIRECTLY TO HER BY THE CONSORTIUM. 0 FORM 990, PART VI, SECTION A, LINE 6 EACH MEMBER OF VIRGINIA PRIVATE COLLEGES BENEFITS CONSORTIUM SHALL BE A "PRIVATE EDUCATIONAL INSTITUTION", MEANING A NONPUBLIC, NONPROFIT COLLEGE OR UNIVERSITY THAT IS ACCREDITED BY A NATIONALLY RECOGNIZED REGIONAL ACCREDITATION BODY OR BY THE BOARD OF GOVERNORS OF THE AMERICAN BAR ASSOCIATION AND: - HAS ITS PRIMARY CAMPUS LOCATED WITHIN THE COMMONWEALTH; - IS OWNED OR OPERATED BY A CORPORATION, TRUST, ASSOCIATION OR RELIGIOUS INSTITUTION OR ANY SUBSIDIARY OR AFFILIATE OF ANY SUCH ENTITY; - HAS BEEN IN EXISTENCE AS A PRIVATE EDUCATIONAL INSTITUTION IN THE COMMONWEALTH FOR AT LEAST 10 YEARS; - IS A MEMBER IN GOOD STANDING OF THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA, INC.; - OTHERWISE QUALIFIES AS AN INSTITUTION OF HIGHER EDUCATION AS DEFINED IN SECTION 23.1-213 OF THE CODE OF VIRGINIA; AND - EXECUTES A MEMBERSHIP AND ADOPTION AGREEMENT. THE SPONSORING ASSOCIATION IS ALSO A MEMBER OF THE VIRGINIA PRIVATE COLLEGES BENEFITS CONSORTIUM. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER COLLEGE OF THE COUNCIL OF VIRGINIA PRIVATE COLLEGES BENEFITS CONSORTIUM, INC. MAY APPOINT ONE COLLEGE OFFICER TO SERVE ON THE CONSORTIUM'S BOARD OF DIRECTORS. THE PRESIDENT OF THE SPONSORING ASSOCIATION ALSO SERVES ON THE CONSORTIUM'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED IN DETAIL BY THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. UPON COMPLETION OF ITS REVIEW, THE COMMITTEE FORWARDS THE FORM 990 TO EACH OF THE BOARD MEMBERS FOR HIS/HER REVIEW. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST STATEMENT IS COLLECTED FROM EACH BOARD MEMBER ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A NO DIRECTORS OR OFFICERS ARE COMPENSATED DIRECTLY BY THE VIRGINIA PRIVATE COLLEGES BENEFITS CONSORTIUM, INC. THE EXECUTIVE DIRECTOR AND THE ASSISTANT SECRETARY OF VIRGINIA PRIVATE COLLEGES BENEFITS CONSORTIUM, INC. ARE COMPENSATED BY THE RELATED ORGANIZATION, COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA ("CICV") AND LEASED BY THE CONSORTIUM. THE BOARD OF THE CONSORTIUM ESTABLISHED A BUDGET CAP FOR THE COMPENSATION AND BENEFIT EXPENSE OF THE EXECUTIVE DIRECTOR PRIOR TO INITIATING A SEARCH FOR THE CANDIDATE. FORM 990, PART VI, SECTION C, LINE 18 COPIES ARE ON FILE IN ITS HOME OFFICES. COPIES ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE ON FILE IN ITS HOME OFFICES. COPIES ARE AVAILABLE UPON REQUEST. FORM 990, PART VII: EACH DIRECTOR IS A VOLUNTEER AND RECEIVES NO COMPENSATION FROM VIRGINIA PRIVATE COLLEGES BENEFITS CONSORTIUM, INC. BUT IS COMPENSATED BY THEIR INDIVIDUAL EMPLOYER FOR SERVICES RENDERED TO THAT EMPLOYER. THIS COMPENSATION IS PROPERLY REPORTED, IN ITS ENTIRETY, ON THE FORM 990 OF THE RESPECTIVE INDIVIDUAL COLLEGE OF EACH DIRECTOR AND ACCORDINGLY, 100% OF THIS INFORMATION IS BEING REPORTED TO THE INTERNAL REVENUE SERVICE. PART XII, LINE 2C THE FINANCE AND AUDIT COMMITTEE OVERSEES THE SELECTION OF AN INDEPENDENT AUDITOR AND ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. NO CHANGES HAVE OCCURRED IN THIS PROCESS DURING THE CURRENT YEAR. BLUEFIELD UNIVERSITY 3000 COLLEGE DRIVE BLUEFIELD VA 24605 540568200 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 BRIDGEWATER COLLEGE 402 EAST COLLEGE STREET BRIDGEWATER VA 22812 540506306 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 EMORY & HENRY UNIVERSITY PO BOX 947 EMORY VA 24327 540505892 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 FERRUM COLLEGE PO BOX 1000 FERRUM VA 24088 540506457 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 HAMPDEN-SYDNEY COLLEGE 1 COLLEGE ROAD HAMPDENSYDNEY VA 23943 540505906 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 HOLLINS UNIVERSITY PO BOX 9658 ROANOKE VA 24020 540506314 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 UNIVERSITY OF LYNCHBURG 1501 LAKESIDE DRIVE LYNCHBURG VA 24501 540505922 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 MARY BALDWIN UNIVERSITY NEW AND FREDERICK STREETS STAUNTON VA 24401 540506319 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 RANDOLPH-MACON COLLEGE PO BOX 5005 ASHLAND VA 23005 540505940 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 ROANOKE COLLEGE 221 COLLEGE AVENUE SALEM VA 24153 540505945 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 SWEET BRIAR COLLEGE 134 CHAPEL DRIVE SWEET BRIAR VA 24595 540534105 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 SOUTHERN VIRGINIA UNIVERSITY ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 540646523 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 VIRGINIA UNION UNIVERSITY 1500 N LOMBARDY STREET RICHMOND VA 23220 540524516 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 VIRGINIA WESLEYAN UNIVERSITY 5817 WESLEYAN DRIVE VIRGINIA BEACH VA 23455 546039600 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA 108 N 8TH ST RICHMOND VA 23219 540887849 HIGHER EDUCATION VA 501(C)(6) N/A 0 APPALACHIAN COLLEGE OF PHARMACY 1060 DRAGON ROAD OAKWOOD VA 24631 260069167 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 AVERETT UNIVERSITY 420 WEST MAIN STREET DANVILLE VA 24541 540129860 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 APPALACHIAN SCHOOL OF LAW 1169 EDGEWATER DR GRUNDY VA 24614 541743079 HIGHER EDUCATION VA 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA P 428394 COST ACCOUNTING