Public Charity

MPB INC

MPB INC is a Public Charity headquartered in VIRGINIA BEACH, VA. Financial data from the 2024 filing: $90.6M revenue, $74.3M expenses, $608.3M total assets.

EIN: 541346393 VIRGINIA BEACH, VA Real Estate Associations NTEE: S47 Latest filing: 2024
Total Revenue$90.6M
Total Expenses$74.3M
Total Assets$608.3M
Grant Records0
Filing Years2019–2024

Mission

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

Where $100 goes at Mpb Inc

How Mpb Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$96 Programs the work itself
$4 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $96 for programs

$96
Mpb, inc
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PRESIDENT & CHAIR Aubrey L Layne
SECRETARY Earl J Barnes Ii
FORMER OFFICER Kurt T Hofelich
DIRECTOR (EFFECTIVE 5/23) Megan R Perry
DIRECTOR/TREASURER Robert A Broermann

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $90.6M $74.3M $608.3M
2023 $78.5M $66.2M $580.6M
2022 $74.0M $69.2M $497.6M
2020 $54.6M $43.4M $402.9M
2019 $43.5M $31.9M $310.2M

Between 2019 and 2024, reported annual revenue grew from $43.5M to $90.6M (+108%), with total assets most recently reported at $608.3M.

Interactive year-over-year charts and full filing details available with membership.

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