Form 990 for tax year 2023
Filed by VALLEY CONSORTIUM FOR MEDICAL EDUCATION.
Totals
- Total revenue
- $10,903,420
- Total expenses
- $10,903,420
- Contributions and grants received
- $10,539,181
- Grants paid
- $0
- Program service revenue
- $363,440
- Investment income
- $799
- Other revenue
- $0
- Total assets, end of year
- $6,304,995
- Total liabilities, end of year
- $6,274,596
- Net assets or fund balances, end of year
- $30,399
- Program services expenses (Part IX)
- $9,168,530
- Management and general expenses
- $1,734,890
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,168,530
Program services were 84.1% 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.
-
1e · Government grants (contributions)
$2,930,000
-
1f · All other contributions, gifts and grants
$7,609,181
-
2a · Program service revenue: Teaching
total $363,440 · related or exempt $363,440
-
3 · Investment income
total $799 · excluded $799
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $747,029 · program services $597,623 · management and general $149,406
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,939,310 · program services $3,151,448 · management and general $787,862
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $953,438 · program services $762,751 · management and general $190,687
-
10 · Payroll taxes
total $339,450 · program services $271,560 · management and general $67,890
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $26,248 · program services $20,998 · management and general $5,250
-
11c · Fees: accounting
total $97,397 · program services $72,537 · management and general $24,860
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $84,040 · program services $72,613 · management and general $11,427
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $150,818 · program services $120,654 · management and general $30,164
-
17 · Travel
total $91,343 · program services $73,074 · management and general $18,269
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,421 · program services $1,137 · management and general $284
-
23 · Insurance
total $334,457 · program services $267,566 · management and general $66,891
-
24a · Other expenses: Precepting
total $1,985,415 · program services $1,985,415
-
24b · Other expenses: Teaching Expense
total $1,269,844 · program services $1,015,875 · management and general $253,969
-
24c · Other expenses: SFMG Overhead Expense
total $392,983 · program services $392,983
-
24d · Other expenses: meals and entertainment
total $169,515 · program services $135,612 · management and general $33,903
-
24e · All other expenses
total $320,712 · program services $226,684 · management and general $94,028
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,311,999 · end of year $1,588,542
-
2 · Savings and temporary cash investments
beginning of year $770,204 · end of year $563,240
-
3 · Pledges and grants receivable
end of year $2,383,750
-
4 · Accounts receivable
beginning of year $5,064,976 · end of year $1,736,241
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $51,376 · end of year $31,382
-
10a · Land, buildings and equipment: cost or other basis
$39,587
-
10b · Land, buildings and equipment: accumulated depreciation
$37,747
-
10c · Land, buildings and equipment, net
beginning of year $1,565 · end of year $1,840
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $356,339 · end of year $831,272
-
19 · Deferred revenue
beginning of year $6,811,691 · end of year $5,295,037
-
23 · Secured mortgages and notes payable
end of year $141,442
-
25 · Other liabilities
beginning of year $1,691 · end of year $6,845
-
27 · Net assets without donor restrictions
beginning of year $30,399 · end of year $30,399
Mission and programs · 2023
Mission
The Valley Consortium for Medical Education is dedicated to enhancing primary and specialty medical services in Stanislaus County and Californias Central Valley by sponsoring and coordinating allopathic and osteopathic physician pre-doctoral and post-doctoral training programs and developing resources to meet the current and future needs for physicians and other health professionals.Valley Family Medicine Residency of ModestoThe Valley Family Medicine Residency of Modesto strives to train physicians through service to those in need. We believe that residents reach their fullest potential when they are responsible for broad based, high quality health care in an environment of educational innovation and compassionate teamwork.Valley Orthopedic Surgery Residency of ModestoThe Valley Orthopedic Surgery Residency of Modesto is dedicated to providing resident physicians with the highest quality education in Orthopedic Surgery. Our goal is to develop orthopedic physicians with exceptional com
Activities or mission (Part I)
Valley Consortium for Medical Education ("VCME") was founded to create and foster graduate and undergraduate medical education. Specifically, VCME operates a family medicine residency program as well as an Orthopedic Surgery residency program.
-
Valley Consortium for Medical Education ("VCME"), located in Modesto, California, was founded to create and foster graduate and undergraduate medical education in the Stanislaus County (the "County") area of central California. Specifically, VCME's principal activities are operating a family medicine residency program, the VCME Family Medicine Residency Program, and a orthopedic surgery residency program, the VCME orthopedic residency program.
Expenses $9,168,530 · Revenue $363,440
As filed on the 2023 return.
Listed in Part VII
-
Saira M Dar
Program Director
- Total calculated
- $370,843
- From this org
- $357,609
- From related orgs
- $0
- Other
- $13,234
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $357,609
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $13,234
- Filer's total
- $370,843
-
Adrian Hutber
CEO
- Total calculated
- $229,127
- From this org
- $229,127
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $229,127
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $229,127
-
Dr Adrian E Ramos
DIO/CEO
- Total calculated
- $163,399
- From this org
- $163,399
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $147,059
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $147,059
-
Mary Ann Lilly
board member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Daniel Diep
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
Dr Bruce Laverty
board member
- Total calculated
- $0
- Hours/week
- 1
-
Eugene Patrizio
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Greg Berry
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ruben Imperial
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jay Krishnaswamy
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Vijay Chand
CFO
- Total calculated
- $0
- Hours/week
- 1
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 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
The filer's explanations (Part III)
- Part III, Additional Information
- vcme conducts compensation reviews through survey and study which are then reviewed and approved by the HR committee and board of directors.
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.
-
Stanislaus County Health Services Agency
501(c)(3) · Health Care · CA
-
Sutter Health- Memorial Medical Center
501(c)(3) · Health Care · CA
-
501(c)(3) · health care · CA
Directly controlled by NA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Doctors Medical Center
C Corp · Health Care · CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531359349306778
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