Skip to content
Nonprofiteer
← INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC

Form 990 for tax year 2024

Filed by INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC.

Totals

Total revenue
$118,939,196
Total expenses
$127,562,997
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$117,203,321
Investment income
$1,735,875
Other revenue
$0
Total assets, end of year
$49,661,987
Total liabilities, end of year
$30,914,758
Net assets or fund balances, end of year
$18,747,229
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: PREMIUMS EARNED

    total $117,203,321 · related or exempt $117,203,321

  • 3 · Investment income

    total $1,735,875 · excluded $1,735,875

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $801,894

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $594,976

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $160,449

  • 11c · Fees: accounting

    total $72,974

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $19,544

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $58,099

  • 17 · Travel

    total $92,782

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $106,980

  • 24a · Other expenses: MEDICAL CLAIMS PAID

    total $120,271,046

  • 24b · Other expenses: CLAIM ADJUSTMENT EXPENSE

    total $2,848,901

  • 24c · Other expenses: ADMINISTRATIVE FEES

    total $2,222,391

  • 24d · Other expenses: PRINTING/OFFICE/COMPUTER

    total $93,413

  • 24e · All other expenses

    total $219,548

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $51,950,170 · end of year $44,365,476

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $88,433

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

    $88,433

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $4,531,152 · end of year $5,296,511

  • 17 · Accounts payable and accrued expenses

    end of year $926,601

  • 21 · Escrow or custodial account liability

    beginning of year $23,837,218 · end of year $21,545,560

  • 25 · Other liabilities

    beginning of year $8,184,234 · end of year $8,442,597

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $3,287,613 · end of year $3,287,613

  • 31 · Retained earnings, endowment or other funds

    beginning of year $21,172,257 · end of year $15,459,616

Mission and programs · 2024

Mission

TO PROVIDE LIFE, HEALTH, ACCIDENT, OR OTHER BENEFITS CONSISTENT WITH TAXPAYER'S EXEMPT STATUS.

  • PROVIDED LIFE, HEALTH, ACCIDENT, OR OTHER BENEFITS CONSISTENT WITH TAXPAYER'S EXEMPT STATUS.

As filed on the 2024 return.

Listed in Part VII

  • Donna Popovich

    Chairman

    Total calculated
    $343,143
    From this org
    $0
    From related orgs
    $312,643
    Other
    $30,500
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $302,643 related
    Bonus
    not reported + $10,000 related
    Other
    not reported
    Deferred
    not reported + $30,500 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $343,143 related

  • Mark Weinstein

    President & CEO

    Total calculated
    $338,070
    From this org
    $326,549
    From related orgs
    $0
    Other
    $11,521
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,386
    Bonus
    $42,163
    Other
    not reported
    Deferred
    $11,521
    Nontaxable benefits
    not reported
    Filer's total
    $338,070

  • James Detuccio

    Director

    Total calculated
    $267,600
    From this org
    $0
    From related orgs
    $250,521
    Other
    $17,079
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $250,521 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $17,079 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $267,600 related

  • Linda Wagner

    Director

    Total calculated
    $258,735
    From this org
    $0
    From related orgs
    $240,048
    Other
    $18,687
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $240,048 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $18,687 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $258,735 related

  • Jeff Role

    Director

    Total calculated
    $252,825
    From this org
    $0
    From related orgs
    $229,825
    Other
    $23,000
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $229,572 related
    Bonus
    not reported
    Other
    not reported + $253 related
    Deferred
    not reported + $23,000 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $252,825 related

  • Paula Hedayat

    CFO

    Total calculated
    $252,321
    From this org
    $242,639
    From related orgs
    $0
    Other
    $9,682
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,139
    Bonus
    $500
    Other
    not reported
    Deferred
    $9,682
    Nontaxable benefits
    not reported
    Filer's total
    $252,321

  • Jennifer Boyd-Pugh

    Treasurer

    Total calculated
    $230,499
    From this org
    $0
    From related orgs
    $219,529
    Other
    $10,970
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $219,529 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $10,970 related
    Filer's total
    not reported + $230,499 related

  • John Lapham

    Director

    Total calculated
    $212,565
    From this org
    $0
    From related orgs
    $164,384
    Other
    $48,181
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $164,384 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $37,808 related
    Nontaxable benefits
    not reported + $10,373 related
    Filer's total
    not reported + $212,565 related

  • Emily C Stovall

    COO

    Total calculated
    $211,503
    From this org
    $204,253
    From related orgs
    $0
    Other
    $7,250
    Hours/week
    40 + 40 related

    Schedule J breakdown matched by us

    Base
    $169,901
    Bonus
    $34,352
    Other
    not reported
    Deferred
    $7,250
    Nontaxable benefits
    not reported
    Filer's total
    $211,503

  • Cara Wald

    Director

    Total calculated
    $206,604
    From this org
    $0
    From related orgs
    $196,662
    Other
    $9,942
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $196,662 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $9,942 related
    Filer's total
    not reported + $206,604 related

  • Jennifer Addleman

    Director

    Total calculated
    $122,812
    From this org
    $0
    From related orgs
    $98,203
    Other
    $24,609
    Hours/week
    0 + 40 related

  • Janet Craigmiles

    Director

    Total calculated
    $105,721
    From this org
    $0
    From related orgs
    $105,721
    Other
    $0
    Hours/week
    0 + 40 related

  • Rochelle Greaves

    Director

    Total calculated
    $102,271
    From this org
    $0
    From related orgs
    $96,399
    Other
    $5,872
    Hours/week
    0 + 40 related

  • Melissa Huggins

    Director

    Total calculated
    $80,544
    From this org
    $0
    From related orgs
    $80,544
    Other
    $0
    Hours/week
    0 + 40 related

  • Susan Martin

    Director

    Total calculated
    $33,041
    From this org
    $0
    From related orgs
    $30,526
    Other
    $2,515
    Hours/week
    0 + 40 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

  • 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

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
2024
Filed
8 January 2026
IRS schema version
2024v5.2
Source object
202630159349301028

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.