Nonprofit · EIN 54-0887849
COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA
Tax-exempt · RICHMOND, VA 23219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,183,722 | $1,029,465 | $154,257 | $1,178,472 | $171,602 | $1,006,870 |
| September 30, 2024 | 990 | $1,103,468 | $900,272 | $203,196 | $988,933 | $136,320 | $852,613 |
| September 30, 2023 | 990 | $1,502,861 | $1,679,637 | -$176,776 | $902,770 | $253,353 | $649,417 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $907,847
- Membership dues
- $815,347
- Program service revenue
- $267,986
- Investment income
- $6,962
- Other revenue
- $927
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $322,400
- Other salaries and wages
- $302,424
- Salaries, compensation and benefits (total)
- $763,922
- Professional fundraising fees
- $0
- Legal fees
- $508
- Occupancy
- $27,460
- Travel
- $6,189
- Depreciation
- $1,246
- Program services (functional)
- $791,693
- Management and general (functional)
- $236,404
- Fundraising (functional)
- $1,368
Balance sheet and other
- Total assets, start of year
- $988,933
- Total assets, end of year
- $1,178,472
- Total liabilities, end of year
- $171,602
- Net assets, end of year
- $1,006,870
- Land, buildings and equipment
- $4,942
- Net assets without donor restrictions
- $1,006,870
- Gross receipts
- $1,183,722
- Employees
- 9
- Volunteers
- 0
- Year formed
- 1971
- State of legal domicile
- VA
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER PEACE | PRESIDENT Officer | 40 | $310,616 | $31,580 |
| TIM KLOPFENSTEIN | HEALTH CONS. EX, DIR. Key employee | 40 | $178,333 | $20,012 |
| DR MARY DANA HINTON | BOARD CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| DR KEVIN HALLOCK | BOARD VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| DR FRANK SHUSHOK JR | BOARD SECRETARY/TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| DR ALISON MORRISON-SHETLAR | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR SUSAN SCHULTZ HUXMAN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR SCOTT MILLER | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| MICHAEL MCGLOTHLIN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DAVID WESTERN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR DAVID BUSHMAN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR DIXIE TOOKE-RAWLINS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR MIRTA MARTIN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR LARRY STIMPERT | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| LT GENERAL DARRELL WILLIAMS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR DONDI COSTIN | BOARD DIRECTOR Trustee or director | 3 | $0 |
| DR JEFFREY P STEIN | BOARD DIRECTOR Trustee or director | 3 | $0 |
| DR IRMA BECERRA | BOARD DIRECTOR Trustee or director | 3 | $0 |
| SUE OTT ROWLANDS | BOARD DIRECTOR Trustee or director | 3 | $0 |
| MR ROBERT R LINDGREN | BOARD DIRECTOR Trustee or director | 3 | $0 |
| DR TRACY FITZSIMMONS | BOARD DIRECTOR Trustee or director | 3 | $0 |
| BONNIE CORDON | BOARD DIRECTOR Trustee or director | 3 | $0 |
| MARY POPE HUTSON | BOARD DIRECTOR Trustee or director | 3 | $0 |
| DR HAKIM LUCAS | BOARD DIRECTOR Trustee or director | 3 | $0 |
| DR WILLIAM DUDLEY | BOARD DIRECTOR Trustee or director | 3 | $0 |
| DR ELLEN GRANBERG | BOARD DIRECTOR Trustee or director | 3 | $0 |
| DR THOMAS POWELL | BOARD DIRECTOR Trustee or director | 3 | $0 |
| DR STEVEN PETERSON | BOARD DIRECTOR Trustee or director | 3 | $0 |
| DR LOU FINCHER | BOARD DIRECTOR Trustee or director | 3 | $0 |
| GORDON ROBERTSON | BOARD DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended September 30, 2024: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER PEACE | PRESIDENT Officer | 40 | $248,487 | $32,798 |
| TIM KLOPFENSTEIN | HEALTH CONS. EX, DIR. Key employee | 40 | $173,814 | $34,971 |
| SABENA MORETZ-VAN NAME | DIR. OF GOV. RELATIONS Highest-paid employee | 40 | $105,971 | $17,980 |
| DR ALISON MORRISON-SHETLAR | BOARD CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| DR MARY DANA HINTON | BOARD VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| DR KEVIN HALLOCK | BOARD SECRETARY/TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| DR TIFFANY FRANKS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR SUSAN SCHULTZ HUXMAN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR SCOTT MILLER | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| MICHAEL MCGLOTHLIN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DAVID WESTERN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR DAVID W OLIVE | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR DAVID BUSHMAN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR DIXIE TOOKE-RAWLINS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR JOHN W WELLS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR MIRTA MARTIN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR LARRY STIMPERT | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| LT GENERAL DARRELL WILLIAMS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR DONDI COSTIN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR JEFFREY P STEIN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR IRMA BECERRA | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| SUE OTT ROWLANDS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| MR ROBERT R LINDGREN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR FRANK SHUSHOK JR | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR TRACY FITZSIMMONS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| BONNIE CORDON | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| MARY POPE HUTSON | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR HAKIM LUCAS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR WILLIAM DUDLEY | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR ELLEN GRANBERG | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
990 for the year ended September 30, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT S LAMBETH JR | FORMER PRESIDENT Officer | 40 | $323,930 | $3,473 |
| TIM KLOPFENSTEIN | HEALTH CONS. EX, DIR. Key employee | 40 | $172,510 | $2,876 |
| DR ALISON MORRISON-SHETLAR | BOARD VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| DR MARY DANA HINTON | BOARD SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| DR SCOTT MILLER | BOARD CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| B KEITH FAULKNER ESQ | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| JERRY PREVO | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR DAVID BUSHMAN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR DAVID W OLIVE | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR DIXIE TOOKE-RAWLINS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| MARK WRIGHTON | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| REED WILCOX | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR FRANK SHUSHOK JR | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR HAKIM LUCAS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR IRMA BECERRA | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| PAMELA FOX | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR JOHN W WELLS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR KEVIN HALLOCK | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR LARRY STIMPERT | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DAVID JOHNS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR SUSAN SCHULTZ HUXMAN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR TIFFANY FRANKS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR TRACY FITZSIMMONS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| DR WILLIAM DUDLEY | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| LT GENERAL DARRELL WILLIAMS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| MEREDITH WOO | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| MICHAEL MCGLOTHLIN ESQ | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| MR ROBERT R LINDGREN | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| SUE OTT ROWLANDS | BOARD DIRECTOR Trustee or director | 3 | $0 | $0 |
| CHRISTOPHER PEACE | PRESIDENT Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 108 N 8TH ST, RICHMOND, VA 23219-2306
- Principal officer (990 for 2024)
- CHRISTOPHER K PEACE ESQ, 108 N 8TH STREET, RICHMOND, VA 23219
- Signed the 990
- CHRISTOPHER K PEACE ESQ, PRESIDENT
- Phone
- (540) 586-0606
- Website
- WWW.CICV.ORG
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
FOSTER AND PROMOTE THE PROGRESS AND GENERAL WELFARE OF ITS MEMBER COLLEGES, WITH SPECIAL CONCERN FOR THE PLURALISTIC NATURE OF THE SYSTEM OF HIGHER EDUCATION IN VIRGINIA.
Program accomplishments
- TO PROMOTE THE MEMBER ORGANIZATIONS THROUGH WEBSITE DEVELOPMENT, COLLABORATIVE BUSINESS AND MARKETING PROGRAMS, STUDENT MARKETING AND PUBLICATIONS, AND PROFESSIONAL DEVELOPMENT MEETINGS.Expenses $791,693 · revenue $268,913
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 54-0887849
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1972
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,178,472
- Income (IRS master file)
- $1,183,722
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,183,722 | $1,029,465 | $1,178,472 | XML |
| 990 | September 2024 | $1,103,468 | $900,272 | $988,933 | XML |
| 990 | September 2023 | $1,502,861 | $1,679,637 | $902,770 | XML |
| 990 | September 2022 | $1,457,914 | $1,485,977 | $882,745 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 54-0887849).
Questions about COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA
- What is the EIN of COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA?
- The employer identification number (EIN) of COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA is 54-0887849.
- Is COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1972.
- Are donations to COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA 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 COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA?
- The 990 for the year ended September 30, 2025 names CHRISTOPHER K PEACE ESQ.
- Who are the officers and directors of COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA?
- The 990 for the year ended September 30, 2025 lists 30 people; 2 received compensation from the organization, the highest $310,616 (CHRISTOPHER PEACE, PRESIDENT).
- How much revenue does COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,183,722, expenses of $1,029,465 and total assets of $1,178,472 at year end.
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