EIN 23-7077479

Lehigh Valley Association of Independent Colleges

IRS 501(c) type
501(c)(3)
Num. employees
8
Year formed
1969
Most recent tax filings
2024-06-01
NTEE code, primary
Description
Lehigh Valley Association of Independent Colleges collaborates with independent colleges and universities to achieve its mission. It identifies strategic sourcing and procurement opportunities that meet the common needs of its members. Instead of purchasing goods directly, it works alongside members. Lvaic operates as multiple employer welfare arrangement, where it is the plan sponsor and administrator of health plans. The lvaic board has a fiduciary role in ensuring that the program runs fairly. It is located in Bethlehem, PA.
Related structure
Lehigh Valley Association of Independent Colleges is a subordinate organization under Lehigh University.
Total revenues
$1,069,974
2024
Total expenses
$1,077,337
2024
Total assets
$596,815
2024
Num. employees
8
2024

Program areas at Lehigh Valley Association of Independent Colleges

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 to maximize 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.
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.
Health insurance consortium - lvaic operates as multiple employer welfare arrangement as defined by erisa. Member institutions participate in a self-funded health insurance trust maximizing the cost-savings and plan customization. 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.
Other programs consist of conferences, workshops, and library services that allow member institutions access to collective resources and shared services. Lvaic hosts a diverse array of events, conferences, and symposia that enrich the academic and cultural landscape of the community. These events offer a platform for collaboration, innovation, and knowledge-sharing among scholars, students, and experts from various fields.

Financials for Lehigh Valley Association of Independent Colleges

RevenuesFYE 06/2024
Total grants, contributions, etc.$638,160
Program services$431,699
Investment income and dividends$115
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,069,974
Data update history
February 11, 2025
Posted financials
Added Form 990 for fiscal year 2024
October 25, 2024
Updated personnel
Identified 3 new personnel
December 28, 2023
Posted financials
Added Form 990 for fiscal year 2023
December 28, 2023
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Trade associationsBusiness and community development organizationsChapter / child organizationsCharities
Issues
EducationBusiness and industry
Characteristics
MembershipsState / local levelTax deductible donationsAccepts online donations
General information
Address
116 Research Dr
Bethlehem, PA 18015
Metro area
Allentown-Bethlehem-Easton, PA-NJ
County
Northampton County, PA
Website URL
lvaic.org/ 
Phone
(610) 625-7888
IRS details
EIN
23-7077479
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1969
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Subordinate organization
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