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
| Revenues | FYE 06/2024 | FYE 06/2023 | % Change |
|---|
| Total grants, contributions, etc. | $638,160 | $503,160 | 26.8% |
| Program services | $431,699 | $389,519 | 10.8% |
| Investment income and dividends | $115 | $70 | 64.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $1,069,974 | $892,749 | 19.9% |
Organizations like Lehigh Valley Association of Independent Colleges
| Organization | Type | Location | Revenue |
|---|
| Commission on Independent Colleges and Universities (CICU) | 501(c)(3) | Albany, NY | $2,624,953 |
| Maryland Association of Community Colleges | 501(c)(3) | Annapolis, MD | $1,009,045 |
| GBTA Foundation | 501(c)(3) | Alexandria, VA | $1,358,448 |
| United States Eventing Association | 501(c)(3) | Leesburg, VA | $3,787,714 |
| National Investment Company Service Association (NICSA) | 501(c)(3) | Boston, MA | $2,205,079 |
| Jackson Area Manufacturers Association | 501(c)(3) | Jackson, MI | $845,566 |
| Airport Corridor Transportation Association (ACTA) | 501(c)(3) | Pittsburgh, PA | $1,063,189 |
| Beverly Chamber of Commerce | 501(c)(3) | Beverly, MA | $355,197 |
| Mississippi Alliance of Nonprofits and Philanthropy | 501(c)(3) | Jackson, MS | $932,941 |
| Dewitt Chamber and Development | 501(c)(3) | De Witt, IA | $316,544 |
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/Â
- 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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