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Nonprofiteer
← MPB INC

Form 990 for tax year 2022

Filed by MPB INC.

Totals

Total revenue
$73,954,140
Total expenses
$69,171,718
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$72,949,803
Investment income
$425,919
Other revenue
$578,418
Total assets, end of year
$497,563,189
Total liabilities, end of year
$31,647,742
Net assets or fund balances, end of year
$465,915,447
Program services expenses (Part IX)
$56,975,360
Management and general expenses
$12,196,358
Fundraising expenses
$0
Program service expenses (Part III)
$56,975,360

Program services were 82.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PROGRAM SERVICE REV

    total $72,949,803 · related or exempt $72,949,803

  • 7a · Gross sales of assets other than inventory

    other assets $620,085

  • 7b · Less cost or other basis and sales expenses

    other assets $194,166

  • 7c · Gain or loss

    other assets $425,919

  • 7d · Net gain or loss

    total $425,919 · excluded $425,919

  • 11a · Other revenue: PARKING GARAGE REVENUE

    total $578,418 · related or exempt $199,670 · unrelated business $378,748

  • 11e · Other revenue, total

    $578,418

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $2,872,195 · program services $2,872,195

  • 11g · Fees: other

    total $1,977 · program services $1,977

  • 12 · Advertising and promotion

    total $19,175 · program services $19,175

  • 13 · Office expenses

    total $5,102,736 · program services $5,102,736

  • 14 · Information technology

    total $7,680 · program services $7,680

  • 16 · Occupancy

    total $10,754,152 · program services $10,754,152

  • 17 · Travel

    total $5,344 · program services $5,344

  • 22 · Depreciation, depletion and amortization

    total $21,088,192 · program services $21,088,192

  • 23 · Insurance

    total $1,160,825 · program services $1,160,825

  • 24a · Other expenses: SENTARA SERVICE EXPENSE

    total $12,196,358 · program services $0 · management and general $12,196,358

  • 24b · Other expenses: PURCHASED & CONTRACTED

    total $10,040,590 · program services $10,040,590

  • 24c · Other expenses: TAXES & LICENSES

    total $6,034,065 · program services $6,034,065

  • 24d · Other expenses: MEDICAL SUPPLIES

    total $6,577 · program services $6,577

  • 24e · All other expenses

    total -$118,148 · program services -$118,148

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $1,970,297

  • 4 · Accounts receivable

    beginning of year $521,817 · end of year $280,701

  • 9 · Prepaid expenses and deferred charges

    beginning of year $38,977 · end of year $31,297

  • 10a · Land, buildings and equipment: cost or other basis

    $715,792,942

  • 10b · Land, buildings and equipment: accumulated depreciation

    $247,403,536

  • 10c · Land, buildings and equipment, net

    beginning of year $375,337,216 · end of year $468,389,406

  • 14 · Intangible assets

    beginning of year $17,153,535 · end of year $26,439,452

  • 15 · Other assets

    beginning of year $3,927,293 · end of year $452,036

  • 17 · Accounts payable and accrued expenses

    beginning of year $730,063 · end of year $3,075,047

  • 19 · Deferred revenue

    beginning of year $931,278 · end of year $376,926

  • 25 · Other liabilities

    beginning of year $18,420,461 · end of year $28,195,769

  • 27 · Net assets without donor restrictions

    beginning of year $376,897,036 · end of year $465,915,447

Mission and programs · 2022

Mission

SEE SCHEDULE O.AS PART OF SENTARA HEALTH'S INTEGRATED HEALTH CARE SYSTEM, MPB, INC. WAS ORGANIZED PURSUANT TO IRC SECTION 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 SECTION 501(C)(3) TAX EXEMPT PARENT.

Activities or mission (Part I)

MPB IS ORGANIZED SOLELY TO HOLD TITLE TO PROPERTY AND TURNS NET INCOME OVER TO SENTARA ENTERPRISES.

  • MPB, INC. HOLDS TITLE TO PROPERTY, COLLECTS RENT, AND TURNS OVER THE ENTIRE AMOUNT, LESS EXPENSES, TO IT'S SECTION 501(C)(3) TAX EXEMPT PARENT, SENTARA ENTERPRISES.

    Expenses $56,975,360 · Revenue $73,149,473

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Howard P Kern

    DIRECTOR

    Total calculated
    $9,857,935
    From this org
    $0
    From related orgs
    $10,168,793
    Other
    -$310,858
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,184,653 related
    Bonus
    $0 + $2,627,694 related
    Other
    $0 + $5,356,446 related
    Deferred
    $0 + -$331,126 related
    Nontaxable benefits
    $0 + $20,268 related
    Filer's total
    $0 + $9,857,935 related

  • Michael V Gentry

    DIRECTOR

    Total calculated
    $3,439,169
    From this org
    $0
    From related orgs
    $3,479,384
    Other
    -$40,215
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,135,214 related
    Bonus
    $0 + $943,662 related
    Other
    $0 + $1,400,508 related
    Deferred
    $0 + -$71,826 related
    Nontaxable benefits
    $0 + $31,611 related
    Filer's total
    $0 + $3,439,169 related

  • Robert A Broermann

    DIRECTOR/TREASURER

    Total calculated
    $2,315,161
    From this org
    $0
    From related orgs
    $2,401,429
    Other
    -$86,268
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,136,501 related
    Bonus
    $0 + $969,392 related
    Other
    $0 + $295,536 related
    Deferred
    $0 + -$115,045 related
    Nontaxable benefits
    $0 + $28,777 related
    Filer's total
    $0 + $2,315,161 related

  • Aubrey L Layne

    PRESIDENT & CHAIRMAN

    Total calculated
    $1,475,820
    From this org
    $0
    From related orgs
    $1,335,772
    Other
    $140,048
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $983,672 related
    Bonus
    $0 + $304,056 related
    Other
    $0 + $48,044 related
    Deferred
    $0 + $129,540 related
    Nontaxable benefits
    $0 + $10,508 related
    Filer's total
    $0 + $1,475,820 related

  • Samuel J Hawley

    ASST SECRETARY (THROUGH 6/22)

    Total calculated
    $187,638
    From this org
    $0
    From related orgs
    $229,108
    Other
    -$41,470
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $100,573 related
    Bonus
    $0 + $37,816 related
    Other
    $0 + $90,719 related
    Deferred
    $0 + -$51,443 related
    Nontaxable benefits
    $0 + $9,973 related
    Filer's total
    $0 + $187,638 related

  • Earl J Barnes II

    SECRETARY (EFF 6/22)

    Total calculated
    $576,411
    From this org
    $0
    From related orgs
    $502,537
    Other
    $73,874
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,835 related
    Bonus
    $0 + $116,099 related
    Other
    $0 + $46,603 related
    Deferred
    $0 + $62,617 related
    Nontaxable benefits
    $0 + $11,257 related
    Filer's total
    $0 + $576,411 related

  • Megan R Perry

    FORMER OFFICER

    Total calculated
    $1,080,111
    From this org
    $0
    From related orgs
    $1,438,011
    Other
    -$357,900
    Hours/week
    0 + 41.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $687,067 related
    Bonus
    $0 + $542,372 related
    Other
    $0 + $208,572 related
    Deferred
    $0 + -$388,488 related
    Nontaxable benefits
    $0 + $30,588 related
    Filer's total
    $0 + $1,080,111 related

  • Louis Patalano IV

    FORMER OFFICER

    Total calculated
    $1,086,895
    From this org
    $0
    From related orgs
    $1,103,191
    Other
    -$16,296
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $1,103,191 related
    Deferred
    $0 + -$17,502 related
    Nontaxable benefits
    $0 + $1,206 related
    Filer's total
    $0 + $1,086,895 related

  • Kurt Hofelich

    FORMER OFFICER

    Total calculated
    $325,970
    From this org
    $0
    From related orgs
    $587,314
    Other
    -$261,344
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $422,863 related
    Bonus
    $0 + $146,579 related
    Other
    $0 + $17,872 related
    Deferred
    $0 + -$295,107 related
    Nontaxable benefits
    $0 + $33,763 related
    Filer's total
    $0 + $325,970 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
SENTARA HEALTH, THE 501(C)(3) TAX EXEMPT PARENT OF THE SENTARA HEALTH SYSTEM, ESTABLISHED THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL THROUGH THE USE OF A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION STUDY, AND APPROVAL BY SENTARA HEALTH'S COMPENSATION COMMITTEE. SENTARA HEALTH RECOGNIZES THAT PROVIDING THE BEST POSSIBLE CARE REQUIRES US TO ATTRACT AND RETAIN THE VERY BEST EMPLOYEES. OUR ORGANIZATION IS COMMITTED TO INVESTING IN OUR PEOPLE BY OFFERING COMPETITIVE COMPENSATION OPPORTUNITIES AND A STRONG WORKPLACE ENVIRONMENT. THE SENTARA HEALTH BOARD HAS DIRECTED A COMMITTEE OF INDEPENDENT, CONFLICT-FREE BOARD MEMBERS TO DEVOTE THEIR TIME AND ATTENTION TO THE OVERSIGHT OF SENTARA HEALTH'S EXECUTIVE COMPENSATION AND BENEFITS PROGRAMS. THE COMPENSATION COMMITTEE CONSISTS OF PROFESSIONAL, EXPERIENCED, AND DEDICATED BOARD MEMBERS WHO TAKE THIS RESPONSIBILITY VERY SERIOUSLY. THE COMPENSATION COMMITTEE FOLLOWS GOVERNANCE BEST PRACTICES IN THE REVIEW AND APPROVAL OF EXECUTIVE COMPENSATION. THE COMPENSATION COMMITTEE IS ASSISTED BY OUTSIDE ADVISORS WHO ARE ENGAGED BY THE COMMITTEE.
PART I, LINES 4A-B
LOUIS PATALANO, IV RECEIVED $1,103,191 IN COMPENSATION RELATED TO HIS SEPARATION FROM SERVICE. THIS AMOUNT HAS BEEN INCLUDED IN COLUMN (B)(III) OF SCHEDULE J, PART II. HOWARD KERN PARTICIPATED IN THE SENTARA SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AND HAS ATTAINED NORMAL RETIREMENT AGE UNDER THE PLAN. PARTICIPATION IN THE PLAN IS LIMITED TO SELECT INDIVIDUALS AS APPROVED BY THE SENTARA HEALTH'S BOARD OF DIRECTOR'S COMPENSATION COMMITTEE. THE PLAN IS CURRENTLY CLOSED TO ADDITIONAL MEMBERS. THE PLAN IS A DEFINED BENEFIT ARRANGEMENT UNDER WHICH MEMBERS ACCRUE AN ANNUAL FORMULA-BASED BENEFIT DURING EACH YEAR OF COVERED EMPLOYMENT, WHICH IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE FOR FEDERAL INCOME TAX PURPOSES UNTIL THE COMPLETION OF A TWO YEAR NON-COMPETE PERIOD FOLLOWING TERMINATION OR UPON DEATH. FICA AND FUTA TAXATION OF PORTIONS OF THE ACCRUED BENEFIT MAY OCCUR EARLIER THAN FEDERAL INCOME TAXATION IN ACCORDANCE WITH APPLICABLE LAW. DISTRIBUTION OF PLAN BENEFITS MAY OCCUR AT THE DATE OF APPLICABLE TAXATION (TO THE EXTENT REQUIRED TO COVER APPLICABLE TAXES) AND IN ACCORDANCE WITH THE PARTICIPANT'S ELECTED INSTALLMENT DISTRIBUTION SCHEDULE FOLLOWING TERMINATION OF EMPLOYMENT, SUBJECT TO ADHERENCE WITH THE NON-COMPETE RESTRICTIONS. IN THE CURRENT YEAR, MR. KERN WAS EMPLOYED AND ACTIVELY ACCRUING PLAN BENEFITS IN ACCORDANCE WITH THE PLAN'S TERMS. MR. KERN WAS SUBJECT TO FICA AND FUTA TAXATION ON HIS ACCRUED PLAN BENEFITS IN 2022 AND RECEIVED TAXABLE PLAN DISTRIBUTIONS OF $181,970 TO COVER APPLICABLE TAXES FOR 2022. HOWARD KERN, ROBERT BROERMANN, MICHAEL GENTRY, MEGAN PERRY, AUBREY LANE, AND EARL BARNES PARTICIPATED IN THE SENTARA CAPITAL ACCUMULATION ACCOUNT PLAN. THE CAPITAL ACCUMULATION PLAN IS A NONQUALIFIED DEFERRED COMPENSATION PROGRAM. SUCH PLANS ARE COMMONLY OFFERED TO NOT-FOR-PROFIT HEALTH CARE EXECUTIVES TO PROVIDE ADDITIONAL RETIREMENT BENEFITS TO SUPPLEMENT LIMITATIONS IN QUALIFIED PLANS. PARTICIPATION IS LIMITED TO A SELECT GROUP OF CORPORATE EXECUTIVES AS APPROVED BY SENTARA HEALTH'S BOARD OF DIRECTOR'S COMPENSATION COMMITTEE. TERMS OF THE PLAN CHANGED EFFECTIVE JANUARY 1, 2009, WHEREBY VESTING OF CONTRIBUTIONS MADE ON OR AFTER THAT DATE NOW OCCURS ON THE EARLIER OF FIVE YEARS FOR EACH YEARS' CONTRIBUTIONS OR AGE 55 WITH 10 YEARS OF SERVICE. UNDER THE OLD TERMS, VESTING OF CONTRIBUTIONS MADE PRIOR TO JANUARY 1, 2009 OCCURS ON THE EARLIEST OF ASSIGNED DISTRIBUTION DATE, DEATH, INVOLUNTARY TERMINATION WITHOUT CAUSE OR COMPLETION OF TWO-YEAR NON-COMPETE AFTER VOLUNTARY TERMINATION (REGARDLESS OF ORIGINAL ASSIGNED DISTRIBUTION DATE). DURING 2022, THE FOLLOWING CORPORATE EXECUTIVES RECEIVED VESTED DISTRIBUTIONS UNDER THE PLAN: ROBERT BROERMANN ($202,592); MICHAEL GENTRY ($172,528); HOWARD KERN ($812,849); AND MEGAN PERRY ($127,468). THESE AMOUNTS HAVE BEEN REPORTED IN COLUMN (B)(III) OF SCHEDULE J, PART II.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • OPACC I LLC

    RE RENTAL · VA · income $1,617,328 · assets $9,733,444

    Directly controlled by MPB INC

  • PORT WARWICK II LLC

    RE RENTAL · VA · income $1,513,358 · assets $9,948,908

    Directly controlled by MPB INC

  • PORT WARWICK III LLC

    RE RENTAL · VA · income $1,245,467 · assets $9,441,663

    Directly controlled by MPB INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MANAGEMENT SERVICES LLC

    HLTH MGT SV · VA

  • OBICI REAL ESTATE HOLDINGS LLC

    RE RENTAL · VA

  • PRINCESS ANNE AMB SURG MGT LLC

    HEALTH CARE · VA

  • VA BEACH AMBULATORY SURGERY CENTER

    HEALTH CARE · VA

  • CANCER CENTERS OF VA LLC

    HEALTH CARE · VA

  • HAMPTON ROADS LITHOTRIPSY LLC

    HEALTH CARE · VA

  • RADIOLOGY SERVICES OF HAMPTON ROADS LC

    HEALTH CARE · VA

  • SENTARA OBICI AMBULATORY SURGERY LLC

    HEALTH CARE · VA

  • POTOMAC INOVA HEALTHCARE ALLIANCE LLC

    HEALTH CARE · VA

  • CAREPLEX ORTHOPAEDIC ASC LLC

    HEALTH CARE · VA

  • PHYSICAL THERAPY ACACLLC

    HEALTH CARE · VA

  • MNS SUPPLY CHAIN NETWORK LLC

    GPO · DE

  • LAKE RIDGE AMBULATORY SURGERY CENTER LLC

    HEALTH CARE · VA

  • CAHABA PARTNERS CORE FIXED INCOME FUND

    POOLED INV FD · DE

  • CAHABA PARTNERS PUBLIC INFLATION HEDGES FD

    POOLED INV FD · DE

  • LEIGH ORTHOPEDIC SURGERY CENTER LLC

    HEALTH CARE · VA

  • SURGICAL SUITES OF COASTAL VIRGINIA LLC

    HEALTH CARE · VA

  • PORT WARWICK SURGERY CENTER LLC

    HEALTH CARE · VA

  • CAHABA PARTNERS EQUITY PLUS FUND

    POOLED INV FD · DE

  • CAHABA PARTNERS TACTICAL EQUITY FUND

    POOLED INV FD · DE

  • HA INTL EQUITY CEF FD CL-A

    POOLED INV FD · DE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SENTARA HOLDINGS INC

    C · HOLDING COMPANY · VA · controlled entity

  • SENTARA HEALTH ADMINISTRATION INC (FORMERLY SENTARA HEALTH PLANS INC)

    C · TPA · VA · controlled entity

  • OPTIMA HEALTH GROUP

    C · HMO · VA · controlled entity

  • SENTARA HEALTH INSURANCE COMPANY (FORMERLY OPTIMA HEALTH INSURANCE COMPANY)

    C · HEALTH INSURANCE · VA · controlled entity

  • SENTARA BEHAVIORAL HEALTH SERVICES (FKA OPTIMA BEHAVIORAL HEALTH SERVICES)

    C · MENTAL HEALTH SVCS · VA · controlled entity

  • SENTARA VENTURES INC

    C · HOLDING COMPANY · VA · controlled entity

  • SENTARA HEALTH INSURANCE CO OF NC

    C · HEALTH INSURANCE · NC · controlled entity

  • SENTARA HEALTH PLANS OF NC INC

    C · TPA · NC · controlled entity

  • MANAGED CARE SERVICES INC

    C · ALT HEALTH DELIVERY · VA · controlled entity

  • SENTARA SOUTHSIDE HEALTH SERVICES INC

    C · HEALTH SERVICES · VA · controlled entity

  • DOMINION HEALTH MEDICAL ASSOCIATES LTD

    C · PHYS PRACTICE · VA · controlled entity

  • SMG INNOVATIONS INC

    C · HEALTH CARE · VA · controlled entity

  • POTOMAC VENTURES CORP

    C · HOLDING COMPANY · VA · controlled entity

  • ROCKINGHAM HEALTH SERVICES INC

    C · CONTRACTING SVCS · VA · controlled entity

  • MARTHA JEFFERSON MEDICAL ENTERPRISES INC

    C · MEDICAL BILLING SVCS · VA · controlled entity

  • BAY PRIMEX INSURANCE COMPANY LTD

    C · OTHER INSURANCE FUNDS · CJ · controlled entity

  • ALBEMARLE PHYSICIAN SERVICES-SENTARA INC

    C · PHYS PRACTICE · NC · controlled entity

  • THE PORT WARWICK MEDICAL ARTS BUILDING ASSOCIATION

    C · BUILDING ASSOCIATION · VA · controlled entity

  • MEDSTREAMING EGYPT SOFTWARE

    C · CONSULTING · EG · controlled entity

  • CAHABA PARTNERS TOTAL RETURN FUND LTD

    C · POOLED INV FD · CJ

  • FIVOS INC

    C · HEALTHCARE IT · DE · controlled entity

  • MEDICAL METRX HOLDING INC

    C · HOLDING COMPANY · DE · controlled entity

  • M2S INC

    C · DATA COLLECTION/AGGREGATION · DE · controlled entity

  • AVMED ADMINISTRATORS INC

    C · TPA SERVICES · FL · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202333109349300938

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