Skip to main content

Nonprofit · EIN 42-1576411

INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC

Also known as ICUBA

Tax-exempt · ORLANDO, FL 32839

Financials

$99.2M$97.8M2022$108.7M$111.2M2023$118.9M$127.6M2024
Revenue Expenses · by fiscal year end
Financials of INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$118,939,196$127,562,997-$8,623,801$49,661,987$30,914,758$18,747,229
March 31, 2024990$108,715,168$111,214,032-$2,498,864$56,481,322$32,021,452$24,459,870
March 31, 2023990$99,220,821$97,761,105$1,459,716$56,965,522$29,756,647$27,208,875
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$117,203,321
Investment income
$1,735,875
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$801,894
Other salaries and wages
$594,976
Salaries, compensation and benefits (total)
$1,396,870
Professional fundraising fees
$0
Legal fees
$160,449
Accounting fees
$72,974
Occupancy
$58,099
Travel
$92,782

Balance sheet and other

Total assets, start of year
$56,481,322
Total assets, end of year
$49,661,987
Total liabilities, end of year
$30,914,758
Net assets, end of year
$18,747,229
Gross receipts
$118,939,196
Employees
7
Year formed
2003
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended March 31, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
DONNA POPOVICHChairman
Trustee or director
0$0$312,643$30,500
MARK WEINSTEINPresident & CEO
Officer
40$326,549$0$11,521
JAMES DETUCCIODirector
Trustee or director
0$0$250,521$17,079
LINDA WAGNERDirector
Trustee or director
0$0$240,048$18,687
JEFF ROLEDirector
Trustee or director
0$0$229,825$23,000
PAULA HEDAYATCFO
Officer
40$242,639$0$9,682
JENNIFER BOYD-PUGHTreasurer
Trustee or director
0$0$219,529$10,970
JOHN LAPHAMDirector
Trustee or director
0$0$164,384$48,181
EMILY C STOVALLCOO
Officer
40$204,253$0$7,250
CARA WALDDirector
Trustee or director
0$0$196,662$9,942
JENNIFER ADDLEMANDirector
Trustee or director
0$0$98,203$24,609
JANET CRAIGMILESDirector
Trustee or director
0$0$105,721$0
ROCHELLE GREAVESDirector
Trustee or director
0$0$96,399$5,872
MELISSA HUGGINSDirector
Trustee or director
0$0$80,544$0
SUSAN MARTINDirector
Trustee or director
0$0$30,526$2,515
990 for the year ended March 31, 2024: 15 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARK WEINSTEINPresident & CEO
Officer
40$335,573$0$11,036
DONNA POPOVICHChairman
Trustee or director
0$0$254,790$44,495
JEFF ROLEDirector
Trustee or director
0$0$253,782$24,754
JAMES DETUCCIODirector
Trustee or director
0$0$254,627$15,531
PAULA HEDAYATCFO
Officer
40$241,170$0$9,330
JENNIFER BOYD-PUGHTreasurer
Trustee or director
0$0$214,760$9,914
TOM HARTNETTDirector
Trustee or director
0$0$194,830$0
CARA WALDDirector
Trustee or director
0$0$180,752$11,172
JOHN LAPHAMDirector
Trustee or director
0$0$158,791$23,423
EMILY C STOVALLCOO
Officer
40$174,897$0$2,676
JENNIFER ADDLEMANDirector
Trustee or director
0$0$94,414$19,064
ROCHELLE GREAVESDirector
Trustee or director
0$0$94,630$0
LINDA ALLISONDirector
Trustee or director
0$0$84,786$4,824
JANET CRAIGMILESDirector
Trustee or director
0$0$88,420$0
MELISSA HUGGINSDirector
Trustee or director
0$0$64,857$0
990 for the year ended March 31, 2023: 15 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARK WEINSTEINPresident & CEO
Officer
40$307,373$0$10,948
DONNA POPOVICHChairman
Trustee or director
0$0$257,520$41,506
JEFF ROLEDirector
Trustee or director
0$0$241,500$24,150
PAULA HEDAYATCFO
Officer
40$240,385$0$9,217
JENNIFER BOYD-PUGHTreasurer
Trustee or director
0$0$223,150$11,873
MARY J HATCHCOO
Officer
40$224,591$0$9,513
TOM HARTNETTDirector
Trustee or director
0$0$184,753$17,412
JOHN LAPHAMDirector
Trustee or director
0$0$149,976$0
EMILY C STOVALLCOO
Officer
40$59,642$64,583$0
MONA HICKSDirector
Trustee or director
0$0$119,433$0
JENNIFER ADDLEMANDirector
Trustee or director
0$0$85,096$21,238
JOHN NISBETDirector
Trustee or director
0$0$95,000$0
ROCHELLE GREAVESDirector
Trustee or director
0$0$82,616$0
JANET CRAIGMILESDirector
Trustee or director
0$0$80,797$0
MELISSA HUGGINSDirector
Trustee or director
0$0$52,703$0

Address and contacts

Address (IRS master file)
4850 MILENIA BLVD SUITE 329, ORLANDO, FL 32839-6012
In care of
% BENJAMIN DONATELLI
Principal officer (990 for 2024)
EMILY C STOVALL, 4850 MILLENIA BLVD SUITE 329, ORLANDO, FL 32839
Signed the 990
EMILY C STOVALL, COO
Phone
(407) 354-2114
Return prepared by
Oswald & Scott PA

Mission

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

990 for the year ended March 31, 2025

Program accomplishments

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

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
42-1576411
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
2005
Accounting year ends
March
Files
Form 990 or 990-EZ
Assets (IRS master file)
$49,661,987
Income (IRS master file)
$118,939,196

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2025$118,939,196$127,562,997$49,661,987XML
990March 2024$108,715,168$111,214,032$56,481,322XML
990March 2023$99,220,821$97,761,105$56,965,522XML
990March 2022$98,817,940$97,258,575$55,882,543IRS
990March 2021–––IRS
990March 2020–––IRS
990March 2019–––IRS
990March 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1576411).

Questions about INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC

What is the EIN of INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC?
The employer identification number (EIN) of INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC is 42-1576411.
Is INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2005.
Are donations to INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2025.
Who is the principal officer of INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC?
The 990 for the year ended March 31, 2025 names EMILY C STOVALL.
Who are the officers and directors of INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC?
The 990 for the year ended March 31, 2025 lists 15 people; 3 received compensation from the organization.
How much revenue does INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC have?
On its 990 for the year ended March 31, 2025 it reported revenue of $118,939,196, expenses of $127,562,997 and total assets of $49,661,987 at year end.

Other nonprofits in ORLANDO

All nonprofits in ORLANDO · Florida