Nonprofit · EIN 54-1346393
MPB INC
Tax-exempt · VIRGINIA BCH, VA 23464
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $90,608,196 | $74,315,170 | $16,293,026 | $608,266,260 | $41,791,576 | $566,474,684 |
| December 31, 2023 | 990 | $78,455,817 | $66,184,526 | $12,271,291 | $580,605,529 | $38,686,129 | $541,919,400 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $88,968,541
- Investment income
- $970,654
- Net gain from sales of assets
- $751,578
- Other revenue
- $669,001
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $13,285,911
- Travel
- $706
- Depreciation
- $26,706,371
- Program services (functional)
- $74,315,170
Balance sheet and other
- Total assets, start of year
- $580,605,529
- Total assets, end of year
- $608,266,260
- Total liabilities, end of year
- $41,791,576
- Net assets, end of year
- $566,474,684
- Land, buildings and equipment
- $563,124,765
- Net assets without donor restrictions
- $566,474,684
- Gross unrelated business income
- $442,831
- Gross receipts
- $93,305,196
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1981
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT A BROERMANN | DIRECTOR/TREASURER Trustee or director, Officer | 1 | $0 | $3,111,555 | $345,144 |
| MEGAN R PERRY | DIRECTOR (EFFECTIVE 5/23) Trustee or director | 1 | $0 | $1,901,177 | $49,920 |
| AUBREY L LAYNE | PRESIDENT & CHAIR Trustee or director, Officer | 1 | $0 | $1,878,423 | $24,542 |
| EARL J BARNES II | SECRETARY Officer | 1 | $0 | $1,489,106 | $152,653 |
| KURT T HOFELICH | FORMER OFFICER Former | 0 | $0 | $725,103 | $53,310 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT A BROERMANN | DIRECTOR/TREASURER Trustee or director, Officer | 1 | $0 | $2,673,690 | $135,907 |
| MICHAEL V GENTRY | DIRECTOR (THROUGH 5/23) Trustee or director | 1 | $0 | $2,142,866 | $78,055 |
| AUBREY L LAYNE | PRESIDENT & CHAIR Trustee or director, Officer | 1 | $0 | $1,829,812 | $28,947 |
| MEGAN R PERRY | DIRECTOR (EFFECTIVE 5/23) Trustee or director | 1 | $0 | $1,606,990 | $186,150 |
| EARL J BARNES II | SECRETARY Officer | 1 | $0 | $1,094,606 | $143,768 |
| KURT HOFELICH | FORMER OFFICER Former | 0 | $0 | $655,399 | $170,020 |
| LOUIS PATALANO IV | FORMER OFFICER Former | 0 | $0 | $210,869 | $6 |
Address and contacts
- Address (IRS master file)
- 1300 SENTARA PARK, VIRGINIA BCH, VA 23464-5884
- Principal officer (990 for 2024)
- AUBREY L LAYNE, 1300 SENTARA PARK, VIRGINIA BEACH, VA 23464
- Signed the 990
- MELINDA S HANCOCK, TREASURER
- Phone
- (757) 455-7020
Mission
SEE SCHEDULE O.AS PART OF SENTARA HEALTH'S INTEGRATED HEALTH CARE SYSTEM, MPB, INC. WAS ORGANIZED PURSUANT TO IRC 501(C)(2) FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THERE FROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO SENTARA ENTERPRISES, INC., ITS 501(C)(3) TAX EXEMPT PARENT.
Program accomplishments
- MPB, INC. HOLDS TITLE TO PROPERTY, COLLECTS RENT, AND TURNS OVER THE ENTIRE AMOUNT, LESS EXPENSES, TO IT'S 501(C)(3) TAX EXEMPT PARENT, SENTARA ENTERPRISES.Expenses $74,315,170 · revenue $89,194,711
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 54-1346393
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $608,266,260
- Income (IRS master file)
- $93,305,196
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $90,608,196 | $74,315,170 | $608,266,260 | XML |
| 990 | December 2023 | $78,455,817 | $66,184,526 | $580,605,529 | XML |
| 990 | December 2022 | $73,954,140 | $69,171,718 | $497,563,189 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1346393).
Questions about MPB INC
- What is the EIN of MPB INC?
- The employer identification number (EIN) of MPB INC is 54-1346393.
- Is MPB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1999.
- Are donations to MPB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MPB INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MPB INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MPB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MPB INC?
- The 990 for the year ended December 31, 2024 names AUBREY L LAYNE.
- Who are the officers and directors of MPB INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does MPB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $90,608,196, expenses of $74,315,170 and total assets of $608,266,260 at year end.
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All nonprofits in VIRGINIA BCH · Virginia · Community improvement and capacity building