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Nonprofiteer
← NATIONAL MEDICAL FELLOWSHIPS INC

Form 990 for tax year 2022

Filed by NATIONAL MEDICAL FELLOWSHIPS INC.

Totals

Total revenue
$17,808,122
Total expenses
$7,780,634
Contributions and grants received
$18,021,778
Grants paid
$3,045,172
Program service revenue
$0
Investment income
$6,307
Other revenue
-$219,963
Total assets, end of year
$16,882,584
Total liabilities, end of year
$2,943,570
Net assets or fund balances, end of year
$13,939,014
Program services expenses (Part IX)
$5,853,886
Management and general expenses
$1,061,450
Fundraising expenses
$865,298
Program service expenses (Part III)
$5,853,886

Program services were 75.2% 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

    $1,175,453

  • 1f · All other contributions, gifts and grants

    $16,846,325

  • 1g · Noncash contributions included above

    $125,131

  • 3 · Investment income

    total $15,051 · excluded $15,051

  • 7a · Gross sales of assets other than inventory

    securities $116,887

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

    securities $125,631

  • 7c · Gain or loss

    securities -$8,744

  • 7d · Net gain or loss

    total -$8,744 · excluded -$8,744

  • 8a · Fundraising events: gross income

    $146,132

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

    $1,175,453

  • 8b · Fundraising events: direct expenses

    $366,095

  • 8c · Net income from fundraising events

    total -$219,963 · excluded -$219,963

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,045,172 · program services $3,045,172

  • 5 · Compensation of officers, directors and key employees

    total $536,613 · program services $301,298 · management and general $106,311 · fundraising $129,004

  • 7 · Other salaries and wages

    total $1,628,707 · program services $1,537,498 · fundraising $91,209

  • 8 · Pension plan contributions

    total $91,440 · program services $77,651 · management and general $4,489 · fundraising $9,300

  • 10 · Payroll taxes

    total $278,783 · program services $236,743 · management and general $13,687 · fundraising $28,353

  • 11b · Fees: legal

    total $222,798 · program services $54,892 · management and general $113,624 · fundraising $54,282

  • 11c · Fees: accounting

    total $42,510 · program services $10,473 · management and general $21,680 · fundraising $10,357

  • 11g · Fees: other

    total $1,159,369 · program services $285,637 · management and general $591,264 · fundraising $282,468

  • 12 · Advertising and promotion

    total $315 · program services $231 · management and general $27 · fundraising $57

  • 13 · Office expenses

    total $63,133 · program services $27,943 · management and general $24,284 · fundraising $10,906

  • 14 · Information technology

    total $33,915 · program services $27,073 · management and general $2,228 · fundraising $4,614

  • 16 · Occupancy

    total $86,209 · program services $63,040 · management and general $7,544 · fundraising $15,625

  • 17 · Travel

    total $320,842 · program services $46,090 · management and general $79,810 · fundraising $194,942

  • 20 · Interest

    total $82 · management and general $82

  • 22 · Depreciation, depletion and amortization

    total $10,183 · program services $7,446 · management and general $891 · fundraising $1,846

  • 23 · Insurance

    total $16,026 · program services $11,720 · management and general $1,401 · fundraising $2,905

  • 24a · Other expenses: SUBSRCIPTIONS & LICENSE

    total $152,888 · program services $112,572 · management and general $13,126 · fundraising $27,190

  • 24b · Other expenses: BAD DEDT EXPENSE

    total $61,807 · management and general $61,807

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $18,906 · program services $5,652 · management and general $11,853 · fundraising $1,401

  • 24d · Other expenses: TELECOMMUNICATIONS

    total $10,936 · program services $2,755 · management and general $7,342 · fundraising $839

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,985,830 · end of year $9,501,403

  • 2 · Savings and temporary cash investments

    beginning of year $1,247,984 · end of year $5,458,124

  • 3 · Pledges and grants receivable

    beginning of year $1,657,966 · end of year $662,895

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,871 · end of year $133,673

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

    $68,816

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

    $46,810

  • 10c · Land, buildings and equipment, net

    beginning of year $19,897 · end of year $22,006

  • 11 · Investments: publicly traded securities

    beginning of year $1,305,919 · end of year $733,769

  • 15 · Other assets

    beginning of year $307,217 · end of year $370,714

  • 17 · Accounts payable and accrued expenses

    beginning of year $646,413 · end of year $853,880

  • 19 · Deferred revenue

    beginning of year $2,006,815 · end of year $1,718,976

  • 25 · Other liabilities

    beginning of year $316,416 · end of year $370,714

  • 27 · Net assets without donor restrictions

    beginning of year $1,985,956 · end of year $11,089,617

  • 28 · Net assets with donor restrictions

    beginning of year $2,661,084 · end of year $2,849,397

Mission and programs · 2022

Mission

THE MISSION OF NATIONAL MEDICAL FELLOWSHIPS, INC. ("NMF") IS TO PROVIDE SCHOLARSHIPS AND SUPPORT FOR UNDERREPRESENTED MINORITY STUDENTS IN MEDICINE AND THE HEALTH PROFESSIONS. NMF ENVISIONS A DIVERSE HEALTHCARE WORKFORCE WHICH WILL HAVE THE LEADERSHIP, COMMITMENT, AND CULTURAL COMPETENCY TO ACHIEVE HEALTH EQUITY.

Activities or mission (Part I)

SCHOLARSHIPS/CLINICAL RESEARCH TRAINING TO UNDERREPRESENTED MEDICAL STUDENTS & PRACTITIONERS.

  • SERVICE LEARING PROGRAMS - THE NMF SERVICE-LEARNING PROGRAMS PROVIDE SPECIAL OPPORTUNITIES FOR STUDENTS TO WORK HANDS-ON TO ENHANCE HEALTHCARE DELIVERY IN UNDERREPRESENTED COMMUNITIES. THESE PROGRAMS MATCH STUDENTS WITH MENTORS, OFTEN EMINENT NMF ALUMNI, AND FOCUS ON AREAS OF CRITICAL CLINICAL/PUBLIC HEALTH NEEDS.

    Expenses $2,449,326 · Grants $1,397,809

  • POST-GRADUATE PROGRAMS - NMF'S POST GRADUATE PROGRAMS PURSUE THE GOAL TO BECOME A LEADER IN THE NATIONAL EFFORT TO INCREASE DIVERSITY IN CLINICAL TRIAL RESEARCH IN FURTHERANCE OF THE ELIMINATION OF HEALTH CARE DISPARITIES. ESTABLISHED IN 2021, THE NATIONAL MEDICAL FELLOWSHIPS DIVERSITY IN CLINICAL TRIALS RESEARCH PROGRAM SEEKS TO INCREASE THE NUMBER OF CLINICIANS UNDERREPRESENTED IN MEDICINE WHO SERVE AS PRINCIPAL INVESTIGATORS, AS PART OF THE STRATEGY TO INCREASE PATIENT DIVERSITY IN CLINICAL RESEARCH TRIALS.

    Expenses $1,571,479 · Grants $438,013

  • SCHOLARSHIPS AND AWARDS - NMF'S 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 $1,437,522 · Grants $1,209,350

  • PUBLIC INFORMATION AND ALUMNI RELATIONS - NMF PROVIDES SCHOLARSHIP INFORMATION TO STUDENTS AND ACADEMIC INSTITUTIONS AND COMMUNICATES THE CRITICAL NEED FOR INCREASING THE NUMBER OF MINORITY PROFESSIONALS IN HEALTHCARE. 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 WITH NMF TO STRENGTHEN AND EXPAND PROGRAMS, SUPPORT REGIONAL GALAS, AND PROVIDE FINANCIAL SUPPORT FOR THE ORGANIZATION.

    Expenses $395,559

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PAMELA T MILLER

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • ANNE ESTABROOK

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • AISHA GLOVER

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JON CORZINE

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • GARY BUTTS

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • LARRY J HARRISON

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • MIGUEL ALEXANDER POZO

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CARMEN SACHIKO VILLAR

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • RAKIA REYNOLDS

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CEDRIC M BRIGHT

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • EFRAIN TALAMANTES

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • BRYAN R BAUGH

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    5

  • SANDRA B NICHOLS

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    20

  • CALVIN WHEELER

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JENNIFER SCHLENER

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • KWEKU AWOTWI

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • MICHELLENE DAVIS

    PRESIDENT & CEO

    Total calculated
    $414,647
    From this org
    $386,894
    From related orgs
    $0
    Other
    $27,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,120
    Bonus
    $34,774
    Other
    $27,000
    Deferred
    $15,585
    Nontaxable benefits
    $12,168
    Filer's total
    $414,647

  • CARLOS COLON

    CONTROLLER AND FINANCE DIRECTOR

    Total calculated
    $149,808
    From this org
    $149,719
    From related orgs
    $0
    Other
    $89
    Hours/week
    40

  • FRANCA GAUDIO

    COO

    Total calculated
    $231,928
    From this org
    $217,678
    From related orgs
    $0
    Other
    $14,250
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,730
    Bonus
    $0
    Other
    $76,948
    Deferred
    $3,896
    Nontaxable benefits
    $10,354
    Filer's total
    $231,928

  • CHRISTY LAW BLANCHARD

    COMMUNICATIONS DIRECTOR

    Total calculated
    $148,266
    From this org
    $147,126
    From related orgs
    $0
    Other
    $1,140
    Hours/week
    40

  • PAULA MEJIA

    CDO

    Total calculated
    $182,716
    From this org
    $176,820
    From related orgs
    $0
    Other
    $5,896
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,950
    Bonus
    $0
    Other
    $62,870
    Deferred
    $0
    Nontaxable benefits
    $5,896
    Filer's total
    $182,716

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
2022
Filed
22 September 2023
IRS schema version
2022v5.0
Source object
202312729349301236

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