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← LEHIGH VALLEY ASSOCIATION OF INDEPENDENT COLLEGES

Form 990 for tax year 2022

Filed by LEHIGH VALLEY ASSOCIATION OF INDEPENDENT COLLEGES.

Totals

Total revenue
$892,749
Total expenses
$1,011,447
Contributions and grants received
$503,160
Grants paid
$0
Program service revenue
$389,519
Investment income
$70
Other revenue
$0
Total assets, end of year
$512,624
Total liabilities, end of year
$147,287
Net assets or fund balances, end of year
$365,337
Program services expenses (Part IX)
$842,316
Management and general expenses
$169,131
Fundraising expenses
$0
Program service expenses (Part III)
$842,316

Program services were 83.3% 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.

  • 1b · Membership dues

    $503,160

  • 2a · Program service revenue: GROUP PURCHASING

    total $326,379 · related or exempt $326,379

  • 2b · Program service revenue: HEALTH INSURANCE CONSO

    total $42,262 · related or exempt $42,262

  • 2c · Program service revenue: RESEARCH CONSORTIUM

    total $1,150 · related or exempt $1,150

  • 2f · All other program service revenue

    total $19,728 · related or exempt $19,728

  • 3 · Investment income

    total $70 · excluded $70

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $185,684 · program services $144,833 · management and general $40,851

  • 7 · Other salaries and wages

    total $237,898 · program services $185,041 · management and general $52,857

  • 8 · Pension plan contributions

    total $15,367 · program services $11,952 · management and general $3,415

  • 9 · Other employee benefits

    total $43,684 · program services $34,000 · management and general $9,684

  • 10 · Payroll taxes

    total $36,812 · program services $28,665 · management and general $8,147

  • 11b · Fees: legal

    total $35,319 · program services $35,319

  • 11c · Fees: accounting

    total $11,000 · management and general $11,000

  • 11g · Fees: other

    total $21,863 · program services $12,121 · management and general $9,742

  • 13 · Office expenses

    total $3,997 · program services $791 · management and general $3,206

  • 14 · Information technology

    total $19,678 · program services $12,900 · management and general $6,778

  • 16 · Occupancy

    total $9,600 · management and general $9,600

  • 17 · Travel

    total $7,044 · program services $4,980 · management and general $2,064

  • 19 · Conferences, conventions and meetings

    total $802 · management and general $802

  • 22 · Depreciation, depletion and amortization

    total $14,330 · program services $13,019 · management and general $1,311

  • 23 · Insurance

    total $7,959 · management and general $7,959

  • 24a · Other expenses: GENERAL PROGRAM EXPENSE

    total $174,961 · program services $174,961

  • 24b · Other expenses: MEMBER PURCHASING REBAT

    total $141,631 · program services $141,631

  • 24c · Other expenses: PROGRAM SUPPLIES

    total $30,924 · program services $30,924

  • 24d · Other expenses: HOSPITALITY

    total $6,211 · program services $6,211

  • 24e · All other expenses

    total $6,683 · program services $4,968 · management and general $1,715

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,730 · end of year $39,704

  • 2 · Savings and temporary cash investments

    beginning of year $375,829 · end of year $326,323

  • 4 · Accounts receivable

    beginning of year $84,591 · end of year $86,291

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,253 · end of year $31,746

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

    $78,863

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

    $50,303

  • 10c · Land, buildings and equipment, net

    beginning of year $18,981 · end of year $28,560

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,210 · end of year $23,727

  • 19 · Deferred revenue

    beginning of year $12,139 · end of year $123,560

  • 27 · Net assets without donor restrictions

    beginning of year $484,035 · end of year $365,337

Mission and programs · 2022

Mission

LVAIC IS A COMMUNITY OF INDEPENDENT COLLEGES AND UNIVERSITIES GROWING STRONGER THROUGH COLLABORATION.

  • GROUP PURCHASING - LVAIC SEEKS TO IDENTIFY STRATEGIC SOURCING AND PROCUREMENT OPPORTUNITIES THAT MEET THE COMMON NEEDS OF OUR MEMBERS. LVAIC DOES NOT PURCHASE ANY GOODS DIRECTLY ON BEHALF OF THE MEMBERS, BUT RATHER, WORKS IN CONJUNCTION WITH MEMBERS AND SUPPLIERS TO ESTABLISH MUTUALLY BENEFICIAL AGREEMENTS. WORKING TOGETHER, MEMBERS IN THE CONSORTIUM CAN PURCHASE GOODS AND SERVICES COLLECTIVELY AS A GROUP TO MAXIMIZE OUR FINANCIAL RESOURCES AND OPERATIONAL EFFICIENCIES THROUGH EFFECTIVE PROCUREMENT PRACTICES WHILE LEVERAGING OUR COLLECTIVE VOLUME AND EXPERTISE.LVAIC INSTITUTIONS WORK TOGETHER TO IDENTIFY OR SOURCE HIGH VALUE OPPORTUNITIES FOR JOINT PURCHASING THROUGH MEMBERSHIP IN GROUP PURCHASING ORGANIZATIONS (GPOS) OR THROUGH LVAIC PREFERRED SUPPLIERS OR CONTRACTED VENDORS. BY UTILIZING LVAIC PREFERRED SUPPLIERS OR CONTRACTED VENDORS, MEMBERS ARE ASSURED OF DOING BUSINESS WITH SUPPLIERS THAT OFFER COMPETITIVE PRICING, CONSISTENT AND PROVEN SERVICE, AND EXCELLENT PERFORMANCE.

    Expenses $394,413 · Revenue $326,379

  • HEALTH INSURANCE CONSORTIUM - LVAIC OPERATES AS MULTIPLE EMPLOYER WELFARE ARRANGEMENT AS DEFINED BY ERISA. LVAIC IS THE PLAN SPONSOR AND ADMINISTRATOR OF THE HEALTH PLAN AND THE LVAIC BOARD HAS A FIDUCIARY ROLE TO INSURE THE PROGRAM IS OPERATING FAIRLY AND IN COMPLIANCE WITH THE LAWS.

    Expenses $64,022 · Revenue $42,262

  • LEHIGH VALLEY RESEARCH CONSORTIUM (LVRC) - REVENUE FROM RESEARCH PROJECTS IS COLLECTED FROM THE APPROPRIATE COMMUNITY ORGANIZATION BY LVAIC AND THEN PAID BACK TO THE APPROPRIATE RESEARCHERS' CAMPUSES.

    Expenses $17,113 · Revenue $1,150

  • CONFERENCES, WORKSHOPS, AND LIBRARY PROGRAMS.

    Expenses $366,768 · Revenue $19,728

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

Listed in Part VII

  • Elizabeth Meade

    BOARD OF DIRECTORS, CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Fr James Greenfield

    BOARD OF DIRECTORS, VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Bryon Grigsby

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Harring

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Joseph Helble

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Nicole Hurd

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2

  • Diane Dimitroff

    EXECUTIVE DIRECTOR/SECRETARY

    Total calculated
    $178,303
    From this org
    $153,045
    From related orgs
    $0
    Other
    $25,258
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $153,045
    Bonus
    $0
    Other
    $0
    Deferred
    $10,655
    Nontaxable benefits
    $14,603
    Filer's total
    $178,303

  • Kent Dyer

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mark Reed

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    2

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
MARKET RANGE FOR POSITION IS DETERMINED BY SALARY TOOL PROVIDED BY XCEL HR. BOARD MEMBERS DISCUSS PERFORMANCE OF EXECUTIVE DIRECTOR AND COMPENSATION PACKAGE AT BOARD MEETING.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
2 October 2023
IRS schema version
2022v5.0
Source object
202333199349323733

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