Skip to content
Nonprofiteer
← FACULTY PRACTICE FOUNDATION INC

Form 990 for tax year 2024

Filed by FACULTY PRACTICE FOUNDATION INC.

What the amendment changed

Compared with the return it replaced , filed 13 August 2025. 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
$4,442,400 changed to $23,083,096
Total expenses
$6,952,489 changed to $33,979,155
Program services expenses
$5,323,766 changed to $24,622,774
Management and general expenses
$1,628,723 changed to $9,356,381
Program service expenses (Part III)
$5,323,766 changed to $24,622,774

Listed only on the earlier return

  • ANITA CARSON
  • RENA CONTI PHD

Listed only on the later return

  • AVIVA LEE-PARRITZ MD
  • HEE-YOUNG PARK PHD
  • JENNIFER TSENG MD
  • RENA CONTI
  • STEPHEN CHRISTIANSEN MD
  • VICKI JACKSON MD MPH

Listed under a different title

  • GREGORY GRILLONE MD: TREASURER, TRUSTEE then TREASURER/TRUSTEE
  • KAREN ANTMAN MD: TRUSTEE then TRUSTEE (UNTIL 7/1/25)
  • SUSHRUT WAIKAR MD MPH: TRUSTEE then TRUSTEE (UNTIL 9/2/25)

Totals

Total revenue
$23,083,096
Total expenses
$33,979,155
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$24,622,774
Management and general expenses
$9,356,381
Fundraising expenses
$0
Program service expenses (Part III)
$24,622,774

Program services were 72.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • WILLIAM CREEVY MD

    TRUSTEE/PRESIDENT

    Total calculated
    $1,298,522
    From this org
    $0
    From related orgs
    $1,226,917
    Other
    $71,605
    Hours/week
    32 + 22 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,014,030 related
    Bonus
    $0 + $189,140 related
    Other
    $0 + $23,747 related
    Deferred
    $0 + $40,022 related
    Nontaxable benefits
    $0 + $31,583 related
    Filer's total
    $0 + $1,298,522 related

  • KAREN ANTMAN MD

    TRUSTEE (UNTIL 7/1/25)

    Total calculated
    $1,152,100
    From this org
    $0
    From related orgs
    $1,097,104
    Other
    $54,996
    Hours/week
    1 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,090,223 related
    Bonus
    $0
    Other
    $0 + $6,881 related
    Deferred
    $0 + $40,022 related
    Nontaxable benefits
    $0 + $14,974 related
    Filer's total
    $0 + $1,152,100 related

  • GREGORY GRILLONE MD

    TREASURER/TRUSTEE

    Total calculated
    $991,292
    From this org
    $0
    From related orgs
    $925,330
    Other
    $65,962
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $916,285 related
    Bonus
    $0
    Other
    $0 + $9,045 related
    Deferred
    $0 + $40,022 related
    Nontaxable benefits
    $0 + $25,940 related
    Filer's total
    $0 + $991,292 related

  • ALIK FARBER MD

    TRUSTEE

    Total calculated
    $873,887
    From this org
    $0
    From related orgs
    $795,688
    Other
    $78,199
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $791,440 related
    Bonus
    $0
    Other
    $0 + $4,248 related
    Deferred
    $0 + $40,022 related
    Nontaxable benefits
    $0 + $38,177 related
    Filer's total
    $0 + $873,887 related

  • SUSHRUT WAIKAR MD MPH

    TRUSTEE (UNTIL 9/2/25)

    Total calculated
    $628,496
    From this org
    $0
    From related orgs
    $495,359
    Other
    $133,137
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $494,100 related
    Bonus
    $0
    Other
    $0 + $1,259 related
    Deferred
    $0 + $40,022 related
    Nontaxable benefits
    $0 + $93,115 related
    Filer's total
    $0 + $628,496 related

  • JACOB PIETER NOORDZIJ MD

    TRUSTEE

    Total calculated
    $606,002
    From this org
    $0
    From related orgs
    $536,265
    Other
    $69,737
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $422,290 related
    Bonus
    $0 + $112,016 related
    Other
    $0 + $1,959 related
    Deferred
    $0 + $40,022 related
    Nontaxable benefits
    $0 + $29,715 related
    Filer's total
    $0 + $606,002 related

  • CHRISTIAN ARBELAEZ MD MPH

    TRUSTEE

    Total calculated
    $605,602
    From this org
    $0
    From related orgs
    $543,266
    Other
    $62,336
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $539,263 related
    Bonus
    $0
    Other
    $0 + $4,003 related
    Deferred
    $0 + $40,022 related
    Nontaxable benefits
    $0 + $22,314 related
    Filer's total
    $0 + $605,602 related

  • MANJU SUBRAMANIAN MD

    TRUSTEE

    Total calculated
    $402,637
    From this org
    $0
    From related orgs
    $359,014
    Other
    $43,623
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $358,153 related
    Bonus
    $0
    Other
    $0 + $861 related
    Deferred
    $0 + $40,022 related
    Nontaxable benefits
    $0 + $3,601 related
    Filer's total
    $0 + $402,637 related

  • ANTHONY HOLLENBERG MD

    TRUSTEE

    Total calculated
    $1,223,979
    From this org
    $0
    From related orgs
    $1,207,284
    Other
    $16,695
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $865,633 related
    Bonus
    $0 + $277,200 related
    Other
    $0 + $64,451 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $16,695 related
    Filer's total
    $0 + $1,223,979 related

  • RENA CONTI

    TRUSTEE

    Total calculated
    $348,512
    From this org
    $0
    From related orgs
    $301,062
    Other
    $47,450
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $300,513 related
    Bonus
    $0
    Other
    $0 + $549 related
    Deferred
    $0 + $34,917 related
    Nontaxable benefits
    $0 + $12,533 related
    Filer's total
    $0 + $348,512 related

  • MANISHI DESAI MD

    TRUSTEE

    Total calculated
    $329,139
    From this org
    $0
    From related orgs
    $284,472
    Other
    $44,667
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,040 related
    Bonus
    $0
    Other
    $0 + $432 related
    Deferred
    $0 + $30,478 related
    Nontaxable benefits
    $0 + $14,189 related
    Filer's total
    $0 + $329,139 related

  • HEE-YOUNG PARK PHD

    TRUSTEE (AS OF 7/1/25)

    Total calculated
    $319,740
    From this org
    $0
    From related orgs
    $275,964
    Other
    $43,776
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,967 related
    Bonus
    $0
    Other
    $0 + $1,997 related
    Deferred
    $0 + $31,955 related
    Nontaxable benefits
    $0 + $11,821 related
    Filer's total
    $0 + $319,740 related

  • THAMARAH CREVECOEUR CNM

    TRUSTEE

    Total calculated
    $69,919
    From this org
    $0
    From related orgs
    $67,423
    Other
    $2,496
    Hours/week
    1

  • MONICA NOETHER PHD

    TRUSTEE/CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MEGHAN DIERKS MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VICKI JACKSON MD MPH

    TRUSTEE (AS OF 9/2/25)

    Total calculated
    $0
    Hours/week
    1 + 51 related

  • RICHARD SUGARMAN

    CLERK

    Total calculated
    $520,949
    From this org
    $0
    From related orgs
    $441,743
    Other
    $79,206
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $354,506 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $12,237 related
    Deferred
    $0 + $24,150 related
    Nontaxable benefits
    $0 + $55,056 related
    Filer's total
    $0 + $520,949 related

  • STEPHEN CHRISTIANSEN MD

    FORMER TRUSTEE/TREASURER

    Total calculated
    $860,879
    From this org
    $0
    From related orgs
    $796,322
    Other
    $64,557
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $789,181 related
    Bonus
    $0
    Other
    $0 + $7,141 related
    Deferred
    $0 + $40,022 related
    Nontaxable benefits
    $0 + $24,535 related
    Filer's total
    $0 + $860,879 related

  • JENNIFER TSENG MD

    FORMER TRUSTEE/TREASURER

    Total calculated
    $680,570
    From this org
    $0
    From related orgs
    $680,570
    Other
    $0
    Hours/week
    0 + 1 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $680,570 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $680,570 related

  • AVIVA LEE-PARRITZ MD

    FORMER TRUSTEE/CLERK

    Total calculated
    $125,815
    From this org
    $0
    From related orgs
    $111,574
    Other
    $14,241
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $110,360 related
    Bonus
    $0
    Other
    $0 + $1,214 related
    Deferred
    $0 + $11,922 related
    Nontaxable benefits
    $0 + $2,319 related
    Filer's total
    $0 + $125,815 related

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 — 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 3
FACULTY PRACTICE FOUNDATION'S RELATED ORGANIZATIONS USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4A
THE FORMER TRUSTEE/TREASURER OF FPF RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $680,570 DURING THE YEAR.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202612249349302766

The source document this was parsed from is served over the API, which is where bulk and document access live.