Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: FAMILY MEDICINE CERTIFICATION FEE

  total $30,070,365 · related or exempt $30,070,365

• 2b · Program service revenue: GOVERNMENT GRANTS,NET

  total $220,188 · related or exempt $220,188

• 3 · Investment income

  total $5,655,517 · excluded $5,655,517

• 7a · Gross sales of assets other than inventory

  securities $23,674,942

• 7b · Less cost or other basis and sales expenses

  securities $24,314,679

• 7c · Gain or loss

  securities -$639,737

• 7d · Net gain or loss

  total -$639,737 · excluded -$639,737

• 11a · Other revenue: OTHER, NET

  total $157,219 · related or exempt $157,219

• 11b · Other revenue: LATE FEES

  total $115,650 · related or exempt $115,650

• 11e · Other revenue, total

  $272,869

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,018,084

• 7 · Other salaries and wages

  total $9,015,205

• 9 · Other employee benefits

  total $1,534,320

• 10 · Payroll taxes

  total $687,047

• 11b · Fees: legal

  total $126,431

• 11c · Fees: accounting

  total $33,500

• 11f · Fees: investment management

  total $484,079

• 11g · Fees: other

  total $325,755

• 13 · Office expenses

  total $817,424

• 14 · Information technology

  total $924,398

• 16 · Occupancy

  total $857,975

• 17 · Travel

  total $59,997

• 19 · Conferences, conventions and meetings

  total $1,207,376

• 22 · Depreciation, depletion and amortization

  total $144,525

• 23 · Insurance

  total $143,605

• 24a · Other expenses: CONTRIBUTION/SUPPORT TO

  total $6,290,000

• 24b · Other expenses: CERTIFICATION DIRECT CO

  total $6,098,999

• 24c · Other expenses: CENTER CONTRACT EXPENSE

  total $1,688,027

• 24d · Other expenses: JOURNAL PUBLICATION

  total $950,000

• 24e · All other expenses

  total $1,302,849

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $545,890 · end of year $5,360,841

• 2 · Savings and temporary cash investments

  beginning of year $9,331,443

• 4 · Accounts receivable

  beginning of year $2,190,337 · end of year $2,315,383

• 9 · Prepaid expenses and deferred charges

  beginning of year $258,133 · end of year $195,857

• 10a · Land, buildings and equipment: cost or other basis

  $3,404,452

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,666,000

• 10c · Land, buildings and equipment, net

  beginning of year $987,323 · end of year $1,738,452

• 11 · Investments: publicly traded securities

  beginning of year $119,805,617 · end of year $98,134,586

• 12 · Investments: other securities

  beginning of year $3,155,978 · end of year $2,769,135

• 13 · Investments: program-related

  beginning of year $45,780,320 · end of year $39,342,009

• 15 · Other assets

  beginning of year $3,249,227 · end of year $6,140,032

• 17 · Accounts payable and accrued expenses

  beginning of year $8,961,752 · end of year $8,422,681

• 19 · Deferred revenue

  beginning of year $1,998,167 · end of year $1,920,864

• 25 · Other liabilities

  beginning of year $40,667,145 · end of year $37,681,614

• 27 · Net assets without donor restrictions

  beginning of year $133,677,204 · end of year $107,971,136

The filer's explanations (Part III)

PART I, LINE 1A

DIRECTORS ARE ALLOWED TO TRAVEL TO THREE BOARD MEETINGS PER YEAR VIA FIRST CLASS TRAVEL. COMPANIONS ARE ALLOWED TO TRAVEL TO TWO BOARD MEETINGS PER YEAR.