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Nonprofiteer
← NATIONAL MEDICAL FELLOWSHIPS INC

Form 990 for tax year 2024

Filed by NATIONAL MEDICAL FELLOWSHIPS INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 14 May 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$5,702,310 changed to $4,352,058
Total expenses
$10,256,054 changed to $5,217,964
Contributions and grants received
$5,411,896 changed to $4,030,896
Grants paid
$3,179,517 changed to $1,405,957
Investment income
$511,600 changed to $122,268
Other revenue
-$221,186 changed to $198,894
Total assets, end of year
$9,806,648 changed to $8,010,236
Total liabilities, end of year
$3,167,711 changed to $2,191,563
Net assets or fund balances, end of year
$6,638,937 changed to $5,818,673
Program services expenses
$6,705,855 changed to $3,706,533
Management and general expenses
$2,401,900 changed to $1,080,169
Fundraising expenses
$1,148,299 changed to $431,262
Program service expenses (Part III)
$6,705,855 changed to $3,706,533

Listed only on the earlier return

  • Brian M Rahmer
  • Cedric M Bright
  • Christy Law Blanchard
  • Derrick Smith
  • John White
  • Karen Proctor
  • Laveina A Dash
  • Omondi Nyong'O
  • Pamela T Miller
  • Tracey J Newman

Listed only on the later return

  • John Gorman
  • Lloyd Dean

Listed under a different title

  • Bryan R Baugh: CHAIRPERSON then VICE CHAIR
  • Jon Corzine: MEMBER then CHAIRPERSON

Totals

Total revenue
$5,702,310
Total expenses
$10,256,054
Contributions and grants received
$5,411,896
Grants paid
$3,179,517
Program service revenue
$0
Investment income
$511,600
Other revenue
-$221,186
Total assets, end of year
$9,806,648
Total liabilities, end of year
$3,167,711
Net assets or fund balances, end of year
$6,638,937
Program services expenses (Part IX)
$6,705,855
Management and general expenses
$2,401,900
Fundraising expenses
$1,148,299
Program service expenses (Part III)
$6,705,855

Program services were 65.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $504,224

  • 1f · All other contributions, gifts and grants

    $4,907,672

  • 1g · Noncash contributions included above

    $50,000

  • 3 · Investment income

    total $263,746 · excluded $263,746

  • 7a · Gross sales of assets other than inventory

    securities $247,854

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

    securities $0

  • 7c · Gain or loss

    securities $247,854

  • 7d · Net gain or loss

    total $247,854 · excluded $247,854

  • 8a · Fundraising events: gross income

    $476,600

  • 8a · Fundraising events: contributions included on line 1c

    $504,224

  • 8b · Fundraising events: direct expenses

    $697,786

  • 8c · Net income from fundraising events

    total -$221,186 · excluded -$221,186

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,179,517 · program services $3,179,517

  • 5 · Compensation of officers, directors and key employees

    total $554,704 · program services $313,633 · management and general $152,919 · fundraising $88,152

  • 7 · Other salaries and wages

    total $3,350,766 · program services $1,894,594 · management and general $923,637 · fundraising $532,535

  • 8 · Pension plan contributions

    total $135,891 · program services $76,834 · management and general $37,459 · fundraising $21,598

  • 9 · Other employee benefits

    total $235,252 · program services $133,016 · management and general $64,848 · fundraising $37,388

  • 10 · Payroll taxes

    total $296,841 · program services $167,839 · management and general $81,825 · fundraising $47,177

  • 11b · Fees: legal

    total $217,878 · management and general $217,878

  • 11c · Fees: accounting

    total $483,597 · management and general $483,597

  • 11f · Fees: investment management

    total $12,074 · program services $9,656 · management and general $2,418

  • 11g · Fees: other

    total $697,016 · program services $356,332 · management and general $291,019 · fundraising $49,665

  • 12 · Advertising and promotion

    total $5,462 · program services $3,930 · management and general $908 · fundraising $624

  • 13 · Office expenses

    total $80,199 · program services $20,217 · management and general $20,625 · fundraising $39,357

  • 14 · Information technology

    total $195,068 · program services $45,875 · management and general $96,281 · fundraising $52,912

  • 16 · Occupancy

    total $164,366 · program services $78,185 · management and general $32,397 · fundraising $53,784

  • 17 · Travel

    total $386,485 · program services $115,948 · management and general $73,070 · fundraising $197,467

  • 22 · Depreciation, depletion and amortization

    total $8,153 · program services $3,746 · management and general $2,247 · fundraising $2,160

  • 23 · Insurance

    total $34,122 · management and general $34,122

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $96,564 · management and general $96,564

  • 24b · Other expenses: SUBSCRIPTIONS & LICENSE

    total $38,113 · program services $5,041 · management and general $19,337 · fundraising $13,735

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $27,190 · management and general $27,190

  • 24d · Other expenses: REGISTRATION FEES

    total $21,751 · program services $10,220 · management and general $861 · fundraising $10,670

  • 24e · All other expenses

    total $35,045 · program services $291,272 · management and general -$257,302 · fundraising $1,075

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,186,739 · end of year $2,107,200

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $1,265,321 · end of year $908,039

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,867 · end of year $162,757

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

    $68,816

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

    $63,997

  • 10c · Land, buildings and equipment, net

    beginning of year $13,017 · end of year $4,819

  • 11 · Investments: publicly traded securities

    beginning of year $11,754,207 · end of year $6,406,892

  • 15 · Other assets

    beginning of year $287,539 · end of year $216,941

  • 17 · Accounts payable and accrued expenses

    beginning of year $506,050 · end of year $438,848

  • 19 · Deferred revenue

    beginning of year $2,549,224 · end of year $2,493,587

  • 25 · Other liabilities

    beginning of year $305,917 · end of year $235,276

  • 27 · Net assets without donor restrictions

    beginning of year $7,966,804 · end of year $3,479,537

  • 28 · Net assets with donor restrictions

    beginning of year $3,272,695 · end of year $3,159,400

Mission and programs · 2024

Mission

THE MISSION OF NATIONAL MEDICAL FELLOWSHIPS, INC. ("NMF") IS TO BROADEN THE PATHWAYS TO MEDICAL EDUCATION, PROVIDE TRANSFORMATIVE LEADERSHIP OPPORTUNITIES, AND ENSURE CLINICAL RESEARCH INCLUDES EVERYONE. WE DELIVER PROGRAMS AND SUPPORT TO ENSURE THE FUTURE SUCCESS OF MEDICAL STUDENTS AND CURRENT PRACTITIONERS.

Activities or mission (Part I)

TO BROADEN THE PATHWAYS TO MEDICAL EDUCATION, PROVIDE TRANSFORMATIVE LEADERSHIP OPPORTUNITIES, AND ENSURE CLINICAL RESEARCH INCLUDES EVERYONE.

  • SCHOLARSHIPS AND AWARDS - NATIONAL MEDICAL FELLOWSHIPS' SCHOLARSHIPS AND AWARDS HAVE BEEN AT THE CORE OF ITS PROGRAMMING. NMF SCHOLARSHIP PROGRAMS RECOGNIZE MERIT AS WELL AS FINANCIAL NEED. OVER THE YEARS, FUNDING FOR SCHOLARSHIPS HAS COME FROM HUNDREDS OF FOUNDATIONS AND FROM INDIVIDUALS. NMF ACTIVELY SEEKS AND WELCOMES PARTNERSHIPS TO BUILD AND EXPAND THE TYPES AND AMOUNT OF SUPPORT WE PROVIDE TO OUR SCHOLARS.

    Expenses $2,472,457 · Grants $1,458,356

  • MISSION-BASED EDUCATION - NATIONAL MEDICAL FELLOWSHIPSOFFERS MISSION-BASED, EXPERIENTIAL LEARNING PROGRAMS THAT ENHANCE SCHOLARS' KNOWLEDGE AND SKILLS REGARDING BEST PRACTICES IN COMMUNITY HEALTH. THESE PROGRAMS PRESENT OPPORTUNITIES FOR SCHOLARS TO CULTIVATE AND STRENGTHEN THEIR COLLABORATIVE LEADERSHIP ABILITIES SO THAT THEY CAN ADDRESS THE HEALTH NEEDS OF ALL COMMUNITIES.

    Expenses $2,112,464 · Grants $1,361,898

  • PROFESSIONAL AND CAREER DEVELOPMENT - NMF PROVIDES SCHOLARSHIP INFORMATION TO STUDENTS AND ACADEMIC INSTITUTIONS AND COMMUNICATES THE CRITICAL NEED TO EXPAND THE HEALTHCARE WORKFORCE TO ADDRESS CURRENT AND GROWING SHORTAGES. NMF ALSO COORDINATES AND ORGANIZES VOLUNTEER AND COMMUNITY SERVICE OPPORTUNITIES TO PROMOTE PUBLIC AWARENESS ABOUT ITS PROGRAMS. IN ADDITION, WITH THE SUPPORT OF ALMUNI, FRIENDS, AND PARTNERS, NMF IS BUILDING A ROBUST ALMUNI NETWORK. THROUGH NMF ALMUNI-SPONSORED EVENTS AND OTHER ACTIVITIES, THIS NETWORK IS BEING BROUGHT INTO ACTIVE PARTNERSHIP TO STRENGTHEN AND EXPAND PROGRAMS, AND PROVIDE FINANCIAL SUPPORT FOR THE ORGANIZATION.

    Expenses $1,192,425 · Grants $359,264

  • PUBLIC INFORMATION AND ALUMNI RELATIONS - NMF PROVIDES SCHOLARSHIP INFORMATION TO STUDENTS AND ACADEMIC INSTITUTIONS AND COMMUNICATES THE CRITICAL NEED TO EXPAND THE HEALTHCARE WORKFORCE TO ADDRESS CURRENT AND GROWING SHORTAGES. NMF ALSO COORDINATES AND ORGANIZES VOLUNTEER AND COMMUNITY SERVICE OPPORTUNITIES TO PROMOTE PUBLIC AWARENESS ABOUT ITS PROGRAMS. IN ADDITION, WITH THE SUPPORT OF ALMUNI, FRIENDS, AND PARTNERS, NMF IS BUILDING A ROBUST ALMUNI NETWORK. THROUGH NMF ALMUNI-SPONSORED EVENTS AND OTHER ACTIVITIES, THIS NETWORK IS BEING BROUGHT INTO ACTIVE PARTNERSHIP TO STRENGTHEN AND EXPAND PROGRAMS, AND PROVIDE FINANCIAL SUPPORT FOR THE ORGANIZATION.

    Expenses $928,509

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bryan R Baugh

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    40

  • Cedric M Bright

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    40

  • Efrain Talamantes

    TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Jennifer Schlener

    SECRETARY

    Total calculated
    $0
    Hours/week
    20

  • Kweku Awotwi

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Carmen Sachiko Villar

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Calvin Wheeler

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Imelda Dacones

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • John Johnson

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Pamela T Miller

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Gary Butts

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Jon Corzine

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Felix Manuel Chinea

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Kimberly Henderson

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Rakia Reynolds

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Dallas Lea

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Omondi Nyong'O

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Miguel Alexander Pozo

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Michellene Davis

    PRESIDENT & CEO

    Total calculated
    $460,295
    From this org
    $416,829
    From related orgs
    $0
    Other
    $43,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $416,829
    Bonus
    $0
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $12,966
    Filer's total
    $460,295

  • Tracey J Newman

    ASSISTANT VP, GLOBAL PROGR

    Total calculated
    $234,175
    From this org
    $234,175
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,175
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $234,175

  • John White

    VP OF ADVANCEMENT

    Total calculated
    $232,783
    From this org
    $232,783
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,783
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $232,783

  • Karen Proctor

    SENIOR VP OF PRACTICE & CAO

    Total calculated
    $229,747
    From this org
    $206,320
    From related orgs
    $0
    Other
    $23,427
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,320
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,427
    Filer's total
    $229,747

  • Derrick Smith

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $224,920
    From this org
    $194,104
    From related orgs
    $0
    Other
    $30,816
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,104
    Bonus
    $0
    Other
    $0
    Deferred
    $17,850
    Nontaxable benefits
    $12,966
    Filer's total
    $224,920

  • Brian M Rahmer

    SENIOR IMPACT POLICY ADVIS

    Total calculated
    $193,099
    From this org
    $179,594
    From related orgs
    $0
    Other
    $13,505
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,594
    Bonus
    $0
    Other
    $0
    Deferred
    $13,505
    Nontaxable benefits
    $0
    Filer's total
    $193,099

  • Laveina A Dash

    DIRECTOR, DIVERSITY IN CLI

    Total calculated
    $184,245
    From this org
    $163,974
    From related orgs
    $0
    Other
    $20,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,974
    Bonus
    $0
    Other
    $0
    Deferred
    $8,415
    Nontaxable benefits
    $11,856
    Filer's total
    $184,245

  • Christy Law Blanchard

    ASSISTANT VP, STRATEGIC CO

    Total calculated
    $176,172
    From this org
    $145,672
    From related orgs
    $0
    Other
    $30,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,672
    Bonus
    $0
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $0
    Filer's total
    $176,172

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
7 August 2025
IRS schema version
2024v5.2
Source object
202533049349302613

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