2024-08-22T19:46:48-05:00 2023-12-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2023-01-01 630946217 FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY FEDE 7032993100 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 LINDA MICHELSEN CFO 7032993100 2024-08-22 1 0 MONIQUE BOOKER P00644231 4105840060 2023 2024-08-08 14:25:15Z LINDA MICHELSEN 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 23356719 0 X WWW.FSBPT.ORG X 1987 DE PROVIDE PUBLIC PROTECTION THROUGH LAWS & REGULATORY STANDARDS IN PHYSICAL THERAPY (SEE SCH O) BY USE OF SYSTEMS THAT ASSESS ENTRY-LEVEL AND CONTINUING COMPETENCE. 8 8 55 322 0 0 0 0 19075360 20059564 615842 2597075 354488 699720 20045690 23356359 564253 10745497 0 0 8041229 8566956 0 0 0 5938334 5735201 14543816 25047654 5501874 -1691295 45620880 62073993 5479330 15640918 40141550 46433075 X OUR MISSION: TO PROTECT THE PUBLIC BY PROVIDING SERVICE AND LEADERSHIP THAT PROMOTE SAFE AND COMPETENT PHYSICAL THERAPY PRACTICE.OUR VISION: TO ACHIEVE A HIGH LEVEL OF PUBLIC PROTECTION THROUGH A STRONG FOUNDATION OF LAWS AND REGULATORY STANDARDS IN (SEE SCH O) PHYSICAL THERAPY BY USE OF EFFECTIVE TOOLS AND SYSTEMS TO ASSESS ENTRY-LEVEL AND CONTINUING COMPETENCE, AND PUBLIC AND PROFESSIONAL AWARENESS OF RESOURCES FOR PUBLIC PROTECTION. 0 0 20059564 THE FEDERATION DEVELOPS AND ADMINISTERS EXAMS USED BY JURISDICTION LICENSING AUTHORITIES FOR PHYSICAL THERAPISTS AND PHYSICAL THERAPIST ASSISTANTS. IN 2023, APPROXIMATELY 26,000 LICENSURE EXAMS AND 28,000 PRACTICE EXAMS WERE PROVIDED TO CANDIDATES. THE FEDERATION MAINTAINS A DATABASE OF DISCIPLINARY ACTIONS TAKEN BY JURISDICTION LICENSING AUTHORITIES WITH RESPECT TO PHYSICAL THERAPISTS AND PHYSICAL THERAPIST ASSISTANTS. SUCH INFORMATION IS PROVIDED TO JURISDICTION LICENSING AUTHORITIES WHO CURRENTLY LICENSE OR ARECONSIDERING LICENSURE OF A CANDIDATE. THIS EXPENSE CATEGORY ALSO INCLUDES INFORMATION SERVICES SUPPORT FOR OTHER PROGRAM AREAS, SUCH AS EXAM ADMINISTRATION, JURISPRUDENCE, AND CONTINUING COMPETENCE. THE FEDERATION ADMINISTERS JURISPRUDENCE EXAMS ON BEHALF OF ITS MEMBERS. THESE EXAMS ARE REQUIRED BY THE JURISDICTION LICENSING AUTHORITIES. IN 2023, APPROXIMATELY 46,000 JURISPRUDENCE EXAMS WERE PROVIDED TO CANDIDATES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 140 0 1 55 1 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 7032993100 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 DAVID RELLING PRESIDENT 10.00 0.50 X X 16000 0 0 MICHELE THORMAN VICE PRESIDENT 5.00 0.50 X X 8000 0 0 RUGGIERO CANIZARES TREASURER 5.00 0.50 X X 8000 0 0 CINDY POTTER SECRETARY 5.00 0.50 X X 8000 0 0 ELLEN KROOG DONALD DIRECTOR 5.00 0.50 X 8000 0 0 JONI KALIS DIRECTOR 5.00 0.50 X 6667 0 0 ADRIENNE PRICE DIRECTOR 5.00 0.50 X 6667 0 0 CHARLES REITER PUBLIC MEMBER 5.00 0.50 X 8000 0 0 MICHELLE SIGMUND-GAINES DIRECTOR 5.00 0.50 X 1333 0 0 STEVEN J SCHERGER DIRECTOR 5.00 0.50 X 1333 0 0 WILLIAM HATHERHILL CEO 40.00 6.25 X 1073626 0 249211 LINDA MICHELSEN CFO 40.00 6.25 X 316880 0 114648 SUSAN NEWMAN COO/CIO 40.00 5.00 X 530416 0 109143 RICHARD WOOLF CHIEF PROFESSIONAL OFFICER 40.00 0.00 X 254579 0 122354 LORIN MEULLER MANAGING DIR-ASSESSMENT 40.00 X 264705 0 120912 CHRISTINE SOUSA MANAGING DIR-EXAM SVCS 40.00 X 228518 0 42833 BRANDON ROGERS ASST DIR-INFO SYSTEMS 40.00 X 196948 0 39410 RUDOLPH FRANK SCHNEIDER MANAGING DIR-INFO SYSTEMS 40.00 X 226874 0 31437 JEFFREY ROSA MANAGING DIRECTOR 40.00 X 178382 0 40211 3342928 0 870159 9 0 1 0 HYATT 150 NORTH RIVERSIDE PLAZA CHICAGO IL 60606 TRAVEL SERVICES 528332 DESIGNDATA 610 PROFESSIONAL DRIVE 102 GAITHERSBURG MD 20879 COMPUTING CONSULTING 308949 TRAVEL LEADERS 3033 CAMPUS DR W320 PLYMOUTH MN 55441 TRAVEL SERVICES 271644 PROMETRIC PO BOX 223608 PITTSBURGH PA 15251 TESTS 254561 RITZ CARLTON 10400 FERNWOOD RD BETHESDA MD 20817 TRAVEL SERVICES 218044 5 EXAMINATION FEES 900099 12815232 12815232 PEAT 900099 2555737 2555737 JAM 900099 1702340 1702340 SCORE TRANSFER SERVICE 900099 1323001 1323001 LAW 900099 553085 553085 1110169 1110169 20059564 2597435 2597435 360 -360 -360 -360 RELATED ENTITY MANAGEM 900099 696885 696885 MISCELLANEOUS REVENUE 900099 2835 2835 699720 23356359 20059564 0 3296795 10745497 3001706 3396959 1180273 595650 392368 158016 94758 806487 9929 237040 937137 655571 1017794 523850 717201 87567 TESTING ACCOMADATIONS 224136 STAFFING EXPENSES 119202 OTHER EXPENSES 63642 BOARD EXPENSES 53708 29163 25047654 100 145 3952730 13474119 39669 66900 574002 716408 22509010 20154628 3000241 2354382 31213368 35471416 5502149 9667036 1338621 323587 45620880 62073993 1173996 11311035 2482777 2483562 1822557 1846321 5479330 15640918 X 40141550 46433075 40141550 46433075 45620880 62073993 X -1691295 3817930 4164890 X 0 1 X 1 0 1581769 571423 1010346 2477177 2251372 225805 18450064 17331833 1118231 2354382 INVESTMENTS IN AFFILIATES 9667036 C 9667036 DEFERRED COMPENSATION 1846321 1846321 X 27158289 3817930 3817930 23340359 16000 16000 23356359 25031654 0 25031654 16000 16000 25047654 PART X, LINE 2: THE PROVISIONS INCLUDED IN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FSBPT PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2023, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2020 THROUGH 2023 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION. IT IS THE FSBPT'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. 0 HEALTHCARE REGULATORY RESEARCH INSTITUTE 124 WEST STREET SOUTH 3RD FLO ALEXANDRIA VA 22314 611848085 10000000 0 CONTRIBUTION KING-WEST PROPERTIES INC 124 WEST STREET SOUTH 3RD FLO ALEXANDRIA VA 22314 205211100 678695 0 LOAN FORGIVENESS PT COMPACT 124 WEST STREET SOUTH 3RD FLO ALEXANDRIA VA 22314 611844599 47227 0 GRANTS TO VARIOUS JURISDICTIONS NEVADA PHYSICAL THERAPY BOARD 3291 N BUFFALO ROAD SUITE 100 LAS VEGAS NV 89129 17470 0 NEVADA STATE GRANT X X X X 0 1 0 WILLIAM HATHERHILL CEO 938192 0 101809 0 33625 0 204562 0 44649 0 1322837 0 0 0 SUSAN NEWMAN COO/CIO 472455 0 49421 0 8540 0 98493 0 10650 0 639559 0 0 0 LINDA MICHELSEN CFO 270926 0 34829 0 11125 0 98876 0 15772 0 431528 0 0 0 LORIN MEULLER MANAGING DIR-ASSESSMENT 244246 0 19217 0 1242 0 77240 0 43672 0 385617 0 0 0 RICHARD WOOLF CHIEF PROFESSIONAL OFFICER 222777 0 29480 0 2322 0 84300 0 38054 0 376933 0 0 0 CHRISTINE SOUSA MANAGING DIR-EXAM SVCS 211642 0 15634 0 1242 0 32263 0 10570 0 271351 0 0 0 RUDOLPH FRANK SCHNEIDER MANAGING DIR-INFO SYSTEMS 209342 0 15210 0 2322 0 31437 0 0 0 258311 0 0 0 BRANDON ROGERS ASST DIR-INFO SYSTEMS 196138 0 0 0 810 0 28251 0 11159 0 236358 0 0 0 JEFFREY ROSA MANAGING DIRECTOR 163988 0 13152 0 1242 0 27061 0 13150 0 218593 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED 457(F) PLAN OFFERED BY A RELATED ENTITY: WILLIAM HATHERHILL - $31,072 ALL INDIVIDUALS ARE EMPLOYED BY THE RELATED ENTITY, FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED FOR STAGGERED THREE YEAR TERMS BY MEMBERS OF THE 53 LICENSING JURISDICTIONS AT ANNUAL MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT THIRD PARTY WITH THE ASSISTANCE OF THE ORGANIZATION'S CFO. ONCE COMPLETE, IT IS THOROUGHLY REVIEWED BY THE CFO AND COPIES ARE PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY AND THE ORGANIZATION'S CFO IS RESPONSIBLE FOR TRACKING TRANSACTIONS DURING THE YEAR TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION UTILIZES THE SERVICES OF AN INDEPENDENT THIRD PARTY TO REVIEW AND ADVISE ON THE SALARY ADMINISTRATION PROGRAM. THIS INVOLVES GENERATING A DETAILED SURVEY OF POSITIONS THAT ARE COMPARABLE TO THE ORGANIZATION'S BASED ON JOB DESCRIPTION, SIZE AND GEOGRAPHIC LOCATION. THE INFORMATION FROM THE SURVEY IS USED TO ESTABLISH PAY RANGES BY POSITION. THE STUDY RESULTS ARE APPROVED BY THE BOARD OF DIRECTORS. BY POLICY, THE SALARY RANGES MUST BE FOLLOWED. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR ESTABLISHING THE ANNUAL SALARY OF THE CEO BASED ON THE GUIDELINES PREVIOUSLY DESCRIBED. ANY BONUSES FOR THE CEO OR OTHER SENIOR STAFF ARE APPROVED BY THE BOARD OF DIRECTORS. THE CEO IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF OTHER OFFICERS AND SENIOR STAFF, SUBJECT TO THE GUIDELINES PREVIOUSLY DESCRIBED. FORM 990, PART VI, SECTION C, LINE 19 ONLY INFORMATION CONTAINED IN THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN EQUITY IN AFFILIATES 4,164,890. KING-WEST PROPERTIES INC 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 205211100 OFFICE BLDG RENTAL VA 501(C)(2) FSBPT 0 FOREIGN CREDENTIALING COMMISSION ON PHYSICAL THERAPY 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 541907410 REVIEWING FOREIGN CREDENTIALS FOR PHYSICAL THERAPY APPLICANTS DE 501(C)(6) FSBPT 0 HEALTHCARE REGULATORY RESEARCH INSTITUTE 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 611848085 RESEARCH AND ENHANCE HEALTHCARE REGULATION DE 501(C)(3) 12A FSBPT 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 KING WEST PROPERTIES K 629655 MARKET RENTAL RATES FOREIGN CREDENTIALING COMMISSION ON PHYSICAL THERAPY L 659246 10% OF REVENUE PLUS CALL CTR ADJ FOREIGN CREDENTIALING COMMISSION ON PHYSICAL THERAPY Q 1129283 REIMBURSEMENT OF PAYROLL EXPENSES KING WEST PROPERTIES B 678695 LOAN FORGIVENESS HRRI B 10000000 CASH AMOUNT