Virginia Private Colleges Benefits Consortium Inc

“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 23-276.1 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.”

“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 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.”

“A conflict of interest statement is collected from each board member annually.”

“No directors or officers are compensated directly by the virginia private colleges benefits consortium, inc. The executive director of virginia private colleges benefits consortium, inc. Is compensated by the unrelated but affiliated 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.”

“Copies are on file in its home offices. Copies are available upon request.”

“Copies are on file in its home offices. Copies are available upon request.”

“Paul davies - p.o. Box 5005, ashland, va 23005. Anne keeler - 402 east college street, bridgewater, va 22812. Kerry edmonds - p.o. Box 9658, roanoke, va 24020. Stephen bright - 1501 lakeside drive, lynchburg, va 24501. Judy pedneau - 3000 college drive, bluefield, va 24605. Rick gaumer - p.o. Box 947, emory, va 24327. Chris chandler - p.o. Box 1000, ferrum, va 24088. Hollace enoch - 1500 n. Lombardy street, richmond, va 23220. David mowen - new and frederick streets, staunton, va 24401. Cathy dickerson - 221 college avenue, salem, va 24153. Tim klocko - 134 chapel drive, sweet briar, va 24595. Robert huch - one university hill drive, buena vista, va 24416. Robert lambeth - 118 east main street, bedford, va 24523. Glenn culley - 1 college road, hampden-sydney, va 23943. Cary sawyer - 1584 wesleyan drive, norfolk, va 23502. Holli harman - 1060 dragon road, oakwood, va 24631. Aaron howell - 420 west main street, danville, va 24541.”

“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.”

“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.”