Mpb Inc
100% goes to programs Strong reserves Growing revenue
Mpb Inc is a 501(c)(2) organization based in Virginia Bch, Virginia, registered in 1999, with $90,608,196 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
1300 Sentara Park, Virginia Bch, VA, 23464 EIN 54-1346393 Since 1999
Revenue (FY2024)
$90.6M
▲ 15.5% vs prior year
Community median: $184K
Expenses (FY2024)
$74.3M
Net assets
$566.5M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mpb Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating91 mo reserves · +18% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mpb Inc: 91 mo reserves · +18% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mpb Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mpb Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Mpb is organized solely to hold title to property and turns net income over to sentara enterprises.
Contact & location
- Address
- 1300 Sentara Park, Virginia Bch, VA, 23464
- City
- Virginia Bch
- State
- Virginia
- Subcategory
- Business & Industry Associations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $18.4M (FY2013) to $90.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $41.8MNet assets $566.5M
Operating margin
18.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$608.3M
Total liabilities
$41.8M
Net assets
$566.5M
Salaries & benefits
$0
0% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $90,608,196▲15.5% | $74,315,170▲12.3% | $566,474,684▲4.5% | $608,266,260▲4.8% | 990 |
| 2023 | $78,455,817▲6.1% | $66,184,526▼4.3% | $541,919,400▲16.3% | $580,605,529▲16.7% | 990 |
| 2022 | $73,954,140▲25.6% | $69,171,718▲49.9% | $465,915,447▲23.6% | $497,563,189▲25.3% | 990 |
| 2021 | $58,868,450▲7.8% | $46,152,471▲6.3% | $376,897,036▼2.4% | $396,978,838▼1.5% | 990 |
| 2020 | $54,605,592▲25.5% | $43,424,207▲36.1% | $386,183,648▲31.6% | $402,926,291▲29.9% | 990 |
| 2019 | $43,500,626▲11.7% | $31,902,928▲7.8% | $293,541,147▲7.6% | $310,181,919▲11.7% | 990 |
| 2018 | $38,953,552▲23.2% | $29,580,883▲24.8% | $272,870,411▲26.6% | $277,800,851▲27.7% | 990 |
| 2017 | $31,608,429▲16.2% | $23,696,546▲15.2% | $215,574,310▲18.2% | $217,493,921▲17.6% | 990 |
| 2016 | $27,198,243▲5.3% | $20,570,456▲3.8% | $182,389,764▲1.1% | $184,988,870▲1.2% | 990 |
| 2015 | $25,819,820▲14.2% | $19,809,770▲4.5% | $180,427,523▲6.2% | $182,771,582▲6.3% | 990 |
| 2014 | $22,599,565▲23.0% | $18,964,420▲12.9% | $169,850,697▲6.8% | $172,004,880▲2.8% | 990 |
| 2013 | $18,375,356 | $16,796,979▲15.9% | $158,997,021▲9.8% | $167,344,185▲14.1% | 990 |
| 2012 | — | $14,497,367▲13.5% | $144,762,740▲28.8% | $146,615,100▲27.3% | 990 |
| 2011 | — | $12,776,332▲19.2% | $112,386,923▲18.4% | $115,206,554▲14.9% | 990 |
| 2010 | — | $10,716,877 | $94,954,189 | $100,280,724 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Aubrey L Layne | President & Chair | 1 | — |
| Earl J Barnes II | Secretary | 1 | — |
| Kurt T Hofelich | Former Officer | 0 | — |
| Megan R Perry | Director (effective 5/23) | 1 | — |
| Robert A Broermann | Director/treasurer | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Sussex Development Corp | Construction | $6,493,262 |
| Colonialwebb Contractors Co | Construction | $4,939,838 |
| R G Electric Co Inc | Construction | $3,116,385 |
| Compo Construction Company | Construction | $2,535,890 |
| Allied Universal Security Services | Security & Facility Services | $812,621 |
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Compare Mpb Inc
Frequently asked questions
- Is Mpb Inc a legitimate nonprofit?
- Yes. Mpb Inc is a 501(c)(2) organization registered with the U.S. Internal Revenue Service under EIN 54-1346393, based in Virginia Bch, Virginia.
- What is Mpb Inc's EIN?
- Mpb Inc's Employer Identification Number (EIN) is 54-1346393.
- How much revenue does Mpb Inc report?
- Mpb Inc reported $90,608,196 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mpb Inc's spending goes to programs?
- Mpb Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mpb Inc have?
- CharityIndex grades Mpb Inc A, based on program efficiency and fundraising cost.
- How much does Mpb Inc's highest-paid employee make?
- The highest reported compensation on Mpb Inc's latest Form 990 is $0, paid to Aubrey L Layne (President & Chair).
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Data for Mpb Inc (EIN 54-1346393) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.