FURP.ORG / PUBLIC DATA EXPLORER

THE PHYSICIANS FOUNDATION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THE PHYSICIANS FOUNDATION INC (EIN 20-0914085)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-12
IRS object ID
202521329349307137
Schema version
2024v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-12T20:05:56-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN463330935PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AVENSON HAMANN CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17421 BURNET ROAD 522AddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78757ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN200914085EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PHYSICIANS FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPHYSBusinessNameControlTxt
Phone6173990417PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1401 W 15TH STREET 100AddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78701ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN DORMANPersonNm
Person TitleCOOPersonTitleTxt
Phone6173990417PhoneNum
Signature2025-05-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCATHERINE AVENSONPreparerPersonNm
PTINP01259734PTIN
Phone5126939131PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJOHN DORMANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1401 W 15TH STREET 100AddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78701ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$30,474,201GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.PHYSICIANSFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2003FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTHE FOUNDATION'S PURPOSE IS TO ADVANCE THE WORK OF PRACTICING PHYSICIANS AND IMPROVE PATIENT ACCESS TO HIGH-QUALITY, COST-EFFICIENT CARE.ActivityOrMissionDesc
Voting Members Governing Body21VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$5,619,920PYInvestmentIncomeAmt
CY Investment Income$5,268,157CYInvestmentIncomeAmt
PY Other Revenue$1,650PYOtherRevenueAmt
CY Other Revenue$1,630CYOtherRevenueAmt
PY Total Revenue$5,621,570PYTotalRevenueAmt
CY Total Revenue$5,269,787CYTotalRevenueAmt
PY Grants And Similar Paid$1,540,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,645,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$760,095PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$830,713CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,920,493PYOtherExpensesAmt
CY Other Expenses$3,892,681CYOtherExpensesAmt
PY Total Expenses$5,220,588PYTotalExpensesAmt
CY Total Expenses$6,368,394CYTotalExpensesAmt
PY Revenues Less Expenses$400,982PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,098,607CYRevenuesLessExpensesAmt
Total Assets BOY$120,303,766TotalAssetsBOYAmt
Total Assets EOY$128,001,743TotalAssetsEOYAmt
Total Liabilities BOY$1,398,523TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,095,166TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$118,905,243NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$125,906,577NetAssetsOrFundBalancesEOYAmt
MissionTHE MISSION OF THE PHYSICIANS FOUNDATION IS TO SUPPORT AND EMPOWER ALL PHYSICIANS TO PROVIDE HIGH QUALITY CARE, TO MAINTAIN THE SANCTITY OF THE PATIENT-PHYSICIAN RELATIONSHIP AND TO TAKE AN ACTIVE LEADERSHIP ROLE IN SHAPING THE FUTURE OF HEALTHCARE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,049,131ExpenseAmt
Grant$525,000GrantAmt
DescPHYSICIAN LEADERSHIP - GRANTS AND PROGRAMS TO EQUIP PHYSICIANS WITH THE CORE MANAGEMENT AND LEADERSHIP SKILLS NEEDED AS THEY INCREASINGLY FACE ADMINISTRATIVE AND REGULATORY BURDENS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$2,892,810ExpenseAmt
Grant$720,000GrantAmt
DescGENERAL HEALTH INITIATIVES - INCLUDE SOCIAL DETERMINANTS, DIRECT PRIMARY CARE EDUCATION, AND THE DEVELOPMENT OF TOOLS AND RESOURCES TO HELP PHYSICIAN PRACTICES IMPLEMENT TELEMEDICINE AND TECHNOLOGY.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$1,231,591ExpenseAmt
Grant$400,000GrantAmt
DescWELLNESS - GRANTS AND PROGRAMS TO SUPPORT SYSTEMIC CHANGE AND INNOVATIVE RESEARCH THAT REDUCES PHYSICIAN BURNOUT WHICH CAN HAVE DEVASTATING EFFECTS ON PHYSICIANS' QUALITY OF LIFE, AS WELL AS ON COST OF, ACCESS TO, AND QUALITY OF CARE.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$5,173,532TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document29IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee2EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members21GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJOHN DORMANPersonNm
Phone6173990417PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1401 W 15TH STREET SUITE 100AddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78701ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
GARY PRICE MD
CHAIRMAN20.00Yes (X)Yes (X)$100,000$0$0
SUBHI ALI MD
TREASURER5.00Yes (X)Yes (X)$7,000$0$0
RUSSELL LIBBY MD
MEMBER5.00Yes (X)$0$0$0
RIP HOLLISTER MD
MEMBER5.00Yes (X)$13,500$0$0
RALPH NOBO MD
MEMBER5.00Yes (X)$13,500$0$0
SUSAN BANKSTON
MEMBER5.00Yes (X)$7,500$0$0
PAUL HARRINGTON
MEMBER5.00Yes (X)$13,500$0$0
PALMER JONES
MEMBER5.00Yes (X)$13,500$0$0
JOSEPH VALENTI MD
VICE PRESIDENT5.00Yes (X)Yes (X)$14,500$0$0
JENNIFER HANSCOM
VICE PRESIDENT5.00Yes (X)Yes (X)$14,500$356,128$23,23740.00
DUSTIN CORCORAN
MEMBER5.00Yes (X)$10,500$1,484,137$125,71640.00
DON ALEXANDER
MEMBER5.00Yes (X)$13,500$0$0
ALEX MALTER MD
MEMBER5.00Yes (X)$13,500$0$0
LARRY DOWNS
SECRETARY5.00Yes (X)Yes (X)$15,500$219,042$040.00
LAWRENCE BRAUD MD
VICE PRESIDENT5.00Yes (X)Yes (X)$13,500$0$0
MARCH SEABROOK
VICE PRESIDENT5.00Yes (X)Yes (X)$14,500$0$05.00
HURSHELL BAGGETT
MEMBER5.00Yes (X)$10,500$346,171$50,65540.00
JERRY VAN METER
MEMBER5.00Yes (X)$13,500$0$0
JOY MAXEY
MEMBER5.00Yes (X)$0$0$0
MICHAEL DARROUZET
MEMBER5.00Yes (X)$3,750$670,760$47,54440.00
AMY REYNOLDSON
MEMBER5.00Yes (X)$13,500$197,810$23,59040.00
ARTHUR FOUGNER MD
MEMBER5.00Yes (X)$10,500$0$0
JOHN DORMAN
COO10.00Yes (X)$123,320$471,276$80,91240.00
ROBERT SELIGSON
CEO40.00Yes (X)$350,330$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$803,900TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$3,745,324TotReportableCompRltdOrgAmt
Total Other Compensation$351,654TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
GMA FOUNDATIONS
2 LIBERTY SQUARE SUITE 500BOSTONMA02109GRANT MANAGEMENT$497,124
JPA HEALTH COMMUNICATIONS
111 CONNECTICUT AVE SUITE 600WASHINGTONDC20036COMMUNICATIONS$451,932
WEIL MEDICAL COLLEGE OF CORNELL UNIVERSI
575 LEXINGTON AVE 9TH FLOORNEW YORKNY10022ACADEMIC RESEARCH$400,000
BRANDEIS UNIVERSITY
415 SOUTH STREET MS035WALTHAMMA02453LEADERSHIP PROGRAM$255,000
PROJECT HOPE - HEALTH AFFAIRS
7500 OLD GEORGETOWN RD STE 600BETHESDAMD20814PRACTICE OF MEDICINE SERIES$253,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K9CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,388,994TotalRevenueColumnAmt
Exclusion$3,388,994ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$27,083,577SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$25,204,414SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,879,163SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,879,163TotalRevenueColumnAmt
Exclusion$1,879,163ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$1,630TotalRevenueColumnAmt
Exclusion$1,630ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,630OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,269,787TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$5,269,787ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,645,000TotalAmt
Program Services$1,645,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$805,025TotalAmt
Program Services$529,893ProgramServicesAmt
Management And General$275,132ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$25,688TotalAmt
Program Services$16,697ProgramServicesAmt
Management And General$8,991ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$60,000TotalAmt
Management And General$60,000ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$129,383TotalAmt
Management And General$129,383ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$234,633TotalAmt
Management And General$234,633ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$884,210TotalAmt
Program Services$680,152ProgramServicesAmt
Management And General$204,058ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$15,287TotalAmt
Management And General$15,287ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$168,612TotalAmt
Program Services$111,284ProgramServicesAmt
Management And General$57,328ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$302,122TotalAmt
Program Services$202,422ProgramServicesAmt
Management And General$99,700ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$203,351TotalAmt
Program Services$136,245ProgramServicesAmt
Management And General$67,106ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$31,116TotalAmt
Management And General$31,116ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PROFESSIONAL CONSULTING$1,773,297$1,773,297
SPONSORSHIPS$81,546$81,546
AWARDS$20,000$20,000
MISCELLANEOUS-$10,876-$23,004$12,128

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,368,394TotalAmt
Program Services$5,173,532ProgramServicesAmt
Management And General$1,194,862ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$394,872BOYAmt
EOY$322,353EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$3,151,787BOYAmt
EOY$1,410,090EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$205,108BOYAmt
EOY$139,232EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$414,618BOYAmt
EOY$582,915EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$36,010,723BOYAmt
EOY$37,565,050EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$80,126,658BOYAmt
EOY$87,982,103EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$120,303,766BOYAmt
EOY$128,001,743EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$137,508BOYAmt
EOY$221,571EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$1,261,015BOYAmt
EOY$1,873,595EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,398,523BOYAmt
EOY$2,095,166EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$118,905,243BOYAmt
EOY$125,906,577EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$118,905,243BOYAmt
EOY$125,906,577EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$120,303,766BOYAmt
EOY$128,001,743EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,098,607ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$8,099,941NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
IRS Written DeterminationYes (X)IRSWrittenDeterminationInd
Supported Organizations61SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (61 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
ACCMA COMMUNITY HEALTH FOUNDATION
46170350870$75,000$0
ALASKA STATE MEDICAL ASSOCIATION
92600217610Yes (1)$0$0
AMERICAN ACADEMY OF PEDIATRICS
362275597100$0$0
ARIZONA MEDICAL ASSOCIATION FOUNDATION
237036794100$0$0
CALIFORNIA MEDICAL ASSOCIATION
94035934010Yes (1)$0$0
CENTER FOR A HEALTHY MARYLAND
52111064270$0$0
CONNECTICUT STATE MEDICAL SOCIETY
06066516410Yes (1)$0$0
DANIEL HANLEY CENTER FOR HEALTH LEADERSHIP
20427148870$0$0
DENTON COUNTY MEDICAL SOCIETY
75167601410Yes (1)$0$0
DR LORNA BREEN HEROES' FOUNDATION
85150908170$0$0
DUVAL COUNTY MEDICAL SOCIETY FOUNDATION
59088003970$0$0
EL PASO COUNTY MEDICAL SOCIETY
74123800710Yes (1)$0$0
FLORIDA MEDICAL ASSOCIATION
59055967210Yes (1)$0$0
FOUNDATION FOR HEALTHY FLORIDIANS
46225949770$0$0
FOUNDATION OF THE AMERICAN ASSOCIATION OF MEDICAL SOCIETY EXECUTIVES
362915937100$0$0
FOUNDATION OF THE PENNSYLVANIA MEDICAL SOCIIETY
371732501100$0$0
FUTURE ALASKA MEDICAL LEADERS
83187437570$0$0
HAWAII MEDICAL ASSOCIATION
99006730610Yes (1)$0$0
HEALTHY RURAL CA
843230424100$0$0
INDIANA MEDICAL FOUNDATION
23700167270$75,000$0
LOUISIANA STATE MEDICAL SOCIETY
72038663710Yes (1)$0$0
MAINE MEDICAL EDUCATION TRUST
01044392670$0$0
MEDICAL ASSOCIATION OF GEORGIA
58060526710Yes (1)$75,000$0
MEDICAL ASSOCIATION OF GEORGIA FOUNDATION
58606643170$0$0
MEDICAL EDUCATION AND SCIENTIFIC FOUNDATION OF NY
11278036070$0$0
MEDICAL SOCIETY OF NEW JERSEY
21060168410Yes (1)$0$0
MEDICAL SOCIETY OF NEW YORK
13103076010Yes (1)$0$0
MEDICAL SOCIETY OF NORTHERN VIRGINA
54073927910Yes (1)$0$0
MEDICAL SOCIETY OF NORTHERN VIRGINA FOUNDATION
54115838670$0$0
MEDICAL SOCIETY OF VIRGINIA FOUNDATION
52139476870$0$0
MISSISSIPPI STATE MEDICAL ASSOCIATION FOUNDATION
570906060100$223,000$0
MONTANA MEDICAL ASSOCIATION FOUNDATION
463696068100$0$0
NEBRASKA MEDICAL ASSOCIATION
47037210810Yes (1)$0$0
NEBRASKA MEDICAL FOUNDATION
47603682770$75,000$0
NEW HAMPSHIRE MEDICAL SOCIETY
02022317610Yes (1)$0$0
NORTH CAROLINA MEDICAL ASSOCIATION
56032013010Yes (1)$0$0
OHIO MEDICAL EDUCATION FOUNDATION
310907287100$0$0
PALM BEACH COUNTY MEDICAL SOCIETY SERVICES
65104829970$0$0
PHYSICIANS BENEVOLENT FUND
74605066070$0$0
PHYSICIANS FOR A HEALTHY CALIFORNIA
94606282270$0$0
SOUTH CAROLINA MEDICAL ASSOCIATION
57024875010Yes (1)$0$0
TENNESSEE FOUNDATION FOR QUALITY PATIENT HEALTHCARE
204232591100$0$0
TENNESSEE MEDICAL ASSOCIATION
62038201010Yes (1)$0$0
TEXAS MEDICAL ASSOCIATION
74107851010Yes (1)$0$0
THE REGENTS OF THE UNIVERSITY OF COLORADO
846000555100$0$0
TRAVIS COUNTY MEDICAL SOCIETY FOUNDATION
74172008670$0$0
ADVOCATES FOR BETTER HEALTH
510178010100$75,000$0
UNIVERSITY OF HAWAII FOUNDATION
99008526050$0$0
VERMONT MEDICAL SOCIETY
03016491110Yes (1)$0$0
VERMONT MEDICAL SOCIETY EDU & RESEARCH FOUNDATION
20018344570$0$0
WASHINGTON STATE MEDICAL ASSOCIATION
91046217010Yes (1)$0$0
WSMA FOUNDATION FOR HEALTH CARE IMPROVEMENT
91607446370$0$0
WYOMING MEDICAL SOCIETY SCHOLARSHIP FUND
83600484670$75,000$0
BOARD OF TRUSTEES UNIVERSITY OF ILLINOIS
37600051160$100,000$0
INLAND EMPIRE HEALTH INFORMATION ORGANIZATION
81508953870$141,000$0
KNOXVILLE ACADEMY OF MEDICINE FOUNDATION
62145819970$150,000$0
MEDICAL SOCIETY OF SEDGWICK COUNTY PHYSICIAN LEADERSHIP ALLIANCE
473912727100$150,000$0
NORTHWESTERN MEMORIAL FOUNDATION
36315531570$100,000$0
PROVIDENCE ST JOSEPH NATIONAL FOUNDATION
94307854370$100,000$0
UC SAN DIEGO HEALTH
95706455660$100,000$0
RUSH UNIVERSITY MEDICAL CENTER
36217482360$131,000$0
FieldValueIRS element (for citing)
Supported Organizations Total61SupportedOrganizationsTotalCnt
Support Sum$1,645,000SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing Doc0ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationYes (1)SuprtOrgNoIRSDeterminationInd
Supported Org Section C456Yes (1)SupportedOrgSectionC456Ind
Supported Org QualifiedYes (1)SupportedOrgQualifiedInd
Suprt Exclusively Sec170c2 BYes (1)SuprtExclusivelySec170c2BInd
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgYes (1)OrganizationChangeSuprtOrgInd
Supported Org Class DesignatedYes (1)SupportedOrgClassDesignatedInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt OrgYes (1)OperateBenefitNonSuprtOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, SECTION A, LINE 1:SUPPORTED ORGANIZATIONS ARE DESIGNATED IN THE GOVERNING DOCUMENTS BY CLASS OR PURPOSE: "TO SUPPORT, BENEFIT OR CARRY OUT THE CHARITABLE PURPOSES OF PUBLICLY SUPPORTED ORGANIZATIONS WHOSE PURPOSES INCLUDE PROMOTING HIGH QUALITY MEDICAL CARE, INCLUDING, WITHOUT LIMITATION, ASSISTING PHYSICIANS AND THE PUBLIC TO IMPROVE THE QUALITY OF CARE RECEIVED BY PATIENTS IN THE EVOLVING HEALTHCARE ENVIRONMENT, IN A MANNER THAT CONSTITUTES CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE."
PART IV, SECTION A, LINE 2:THE FOUNDATION CONFIRMS ANNUALLY THAT EACH OF ITS SUPPORTED ORGANIZATIONS QUALIFY AS PUBLICLY SUPPORTED ORGANIZATIONS. ALL 501(C)(6) SUPPORTED ORGANIZATIONS ARE DEEMED TO BE DESCRIBED IN SECTION 509(A)(2) BECAUSE MEMBERSHIP DUES CONSTITUTED MORE THAN ONE THIRD OF THEIR SUPPORT, AND NO MORE THAN ONE THIRD OF THEIR SUPPORT CAME FROM GROSS INVESTMENT INCOME AND NET UNRELATED BUSINESS TAXABLE INCOME.
PART IV, SECTION A, LINE 3B:THE FOUNDATION MAINTAINS A COPY OF THE DETERMINATION LETTER FOR EACH SUPPORTED ORGANIZATION THAT QUALIFIES UNDER SECTION 501(C)(6) ALONG WITH AN ANNUALLY-UPDATED SCHEDULE DEMONSTRATING THE ORGANIZATION'S COMPLIANCE WITH THE SECTION 509(A)(2) PUBLIC SUPPORT TEST.
PART IV, SECTION A, LINE 3C:TO ENSURE THAT ITS ASSETS ARE USED FOR CHARITABLE PURPOSES, THE FOUNDATION MAKES GRANTS ONLY TO 501(C)(3) ORGANIZATIONS OR 501(C)(6) ORGANIZATIONS THAT ARE DEEMED TO BE DESCRIBED IN SECTION 509(A)(2). FUNDED PROJECTS ARE APPROVED AFTER A RIGOROUS APPLICATION PROCESS. GRANTS ARE MADE SUBJECT TO A WRITTEN AGREEMENT REQUIRING PERIODIC AND FINAL FINANCIAL AND NARRATIVE REPORTS AND PROVIDING THAT THE FOUNDATION MAY WITHHOLD FUTURE PAYMENTS AND DEMAND CORRECTION OF MISUSE OF FUNDS SHOULD THE FOUNDATION DETERMINE FUNDS HAVE NOT BEEN USED FOR APPROVED PURPOSES.
PART IV, SECTION A, LINE 5A:AS DESCRIBED IN PART IV, NUMBER 3C, THE FOUNDATION MAKES GRANTS TO 501(C)(3) ORGANIZATIONS AND 501(C)(6) ORGANIZATIONS THAT ARE DEEMED TO BE DESCRIBED IN SECTION 509(A)(2) THAT ARE INCLUDED IN THE CLASS OF ORGANIZATIONS DESIGNATED IN THE GOVERNING DOCUMENTS BY CLASS OR PURPOSE. IN 2024 THE FOUNDATION MADE NEW GRANTS TO 8 ORGANIZATIONS THAT WERE NOT LISTED ON THE 2023 FORM 990: BOARD OF TRUSTEES UNIVERSITY OF ILLINOIS, INLAND EMPIRE HEALTH INFORMATION ORGANIZATION, KNOXVILLE ACADEMY OF MEDICINE FOUNDATION, MEDICAL SOCIETY OF SEDGWICK COUNTY PHYSICIAN LEADERSHIP ALLIANCE, NORTHWESTERN MEMORIAL FOUNDATION, PROVIDENCE ST JOSEPH NATIONAL FOUNDATION, UC SAN DIEGO HEALTH, AND RUSH UNIVERSITY MEDICAL CENTER. SOME OF THE SUPPORTED ORGANIZATIONS DID NOT RECEIVE SUPPORT DURING 2024, BUT THEY ARE ALL LISTED ON SCHEDULE A, PART VI OF THE 2024 FORM 990. EIGHT ORGANIZATIONS THAT WERE LISTED AS SUPPORTED ORGANIZATIONS ON THE 2023 FORM 990, SCHEDULE A ARE NO LONGER SUPPORTED ORGANIZATIONS AND WERE REMOVED FROM THE 2024 LIST.
PART IV, SECTION B, LINE 2:IN ADDITION TO MAKING GRANTS TO 501(C)(3) ORGANIZATIONS OPERATED, SUPERVISED OR CONTROLLED BY SUPPORTED ORGANIZATIONS NAMED IN THE ORGANIZING DOCUMENTS, THE FOUNDATION ALSO GIVES GRANTS TO 501(C)(6) ORGANIZATIONS TO CARRY OUT THE FOUNDATION'S CHARITABLE PURPOSES. SEE REV. RUL. 76-401, 1976-C.B. 175, WHICH PROVIDES THAT THE GENERAL REQUIREMENTS OF SECTIONS 1.509(A)-4(C), (D) AND (E) OF THE REGULATIONS ARE INAPPLICABLE TO SUPPORTED SECTION 501(C)(6) ORGANIZATIONS FOR PURPOSES OF SATISFYING BOTH THE ORGANIZATIONAL AND OPERATIONAL TESTS OF SECTION 509(A)(3)(A) OF THE INTERNAL REVENUE CODE. THE FOUNDATION MAKES GRANTS TO PUBLICLY SUPPORTED ORGANIZATIONS THAT DO NOT CONTROL THE FOUNDATION, BUT BY BENEFITTING THEM, THE FOUNDATION CARRIES OUT THE PURPOSE OF THE CONTROLLING SIGNATORY ENTITIES, AS PERMITTED UNDER SECTION 1.509(A)-4(G)(1)(II) OF THE REGULATIONS.
PART I, LINE 12G, COLUMN IV:SUPPORTED ORGANIZATIONS ARE DESIGNATED IN THE GOVERNING DOCUMENTS BY CLASS OR PURPOSE.

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (8 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
ISHARES CORE S&P SMALL CAP E$10,184,296F
ISHARES CORE S&P 500 ETF$20,960,540F
ISHARES S&P MIDCAP 400 INDEX$9,352,295F
ISHARES TR RUS 1000 GRW ETF$7,764,549F
ISHARES TRUST ISHARES ESG AW$6,833,260F
PIMCO INCOME INST$13,582,474F
VANGUARD TOTAL BD MKT IDX INST$8,895,328F
TCW METWEST INTM BD I$10,409,361F
FieldValueIRS element (for citing)
Total Book Value Securities$87,982,103TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$13,135,095TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$8,099,941NetUnrealizedGainsInvstAmt
Revenue Not Reported$8,099,941RevenueNotReportedAmt
Revenue Subtotal$5,035,154RevenueSubtotalAmt
Investment Expenses Not Incld$234,633InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$234,633RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,269,787TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,133,761TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$6,133,761ExpensesSubtotalAmt
Investment Expenses Not Incld2$234,633InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$234,633ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$6,368,394TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION ACCOUNTS FOR UNCERTAINTY OF INCOME TAXES BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD FOR THE RECOGNITION AND DE-RECOGNITION OF TAX POSITIONS, WHICH INCLUDES THE ACCOUNTING FOR INTEREST AND PENALTIES. AT DECEMBER 31, 2024 AND 2023, THE FOUNDATION DOES NOT HAVE ANY UNRECOGNIZED TAX BENEFITS RESULTING FROM ITS TAX POSITIONS.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (15 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
ACCMA COMMUNITY HEALTH FOUNDATION
6230 CLAREMONT AVE 3RD FLOOROAKLANDCA94618461703508501(C)(3)$75,000$0TO DEVELOP AND DELIVER A LEADERSHIP PROGRAM
INDIANA MEDICAL FOUNDATION
23 CANAL WALKINDIANAPOLISIN46202237001672501(C)(3)$75,000$0ISMA ADVANCED ADVOCACY LEADERSHIP PROGRAM
MEDICAL ASSOCIATION OF GEORGIA FOUNDATION
1849 THE EXCHANGE SE 200ATLANTAGA30339586066431501(C)(3)$75,000$0TO SUPPORT A PHYSICIAN LEADERSHIP PROGRAM
MISSISSIPPI STATE MEDICAL ASSOCIATION FOUNDATION
408 WEST PARKWAY PLACERIDGELANDMS39157570906060501(C)(3)$223,000$0TO SUPPORT A PHYSICIAN LEADERSHIP PROGRAM AND ENHANCE PATIENT RESOURCE CONNECTIONS
NEBRASKA MEDICAL FOUNDATION
233 S 13TH STREET SUITE 1200LINCOLNNE68508476036827501(C)(3)$75,000$0TO SUPPORT A PHYSICIAN LEADERSHIP PROGRAM
ADVOCATES FOR BETTER HEALTH
1300 GODWARD STREET STE 2000MINNEAPOLISMN55413510178010501(C)(3)$75,000$0SUPPORT EXPANSION OF THE PUBLIC HEALTH LEADERSHIP PROGRAM
WYOMING MEDICAL SOCIETY SCHOLARSHIP FUND
122 E 17TH STREETCHEYENNEWY82001836004846501(C)(3)$75,000$0TO SUPPORT A PHYSICIAN LEADERSHIP PROGRAM
BOARD OF TRUSTEES UNIVERSITY OF ILLINOIS
506 S WRIGHT ST 209 HAB NO MC339URBANAIL61801376000511501(C)(3)$100,000$0UNDERSTAND IMPACT OF AI ON PHYSICIAN WELLNESS
INLAND EMPIRE HEALTH INFORMATION ORGANIZATION
PO BOX 2425RIVERSIDECA92516815089538501(C)(3)$141,000$0DRIVERS OF HEALTH ASSESSMENT INTEGRATION
KNOXVILLE ACADEMY OF MEDICINE FOUNDATION
9032 CROSS PARK DRKNOXVILLETN37923621458199501(C)(3)$150,000$0DRIVERS OF HEALTH ASSESSMENT INTEGRATION
MEDICAL SOCIETY OF SEDGWICK COUNTY PHYSICIAN LEADERSHIP ALLIANCE
1102 S HILLSIDE STWICHITAKS67211473912727501(C)(3)$150,000$0IMPROVING PATIENT OUTCOMES THROUGH ENHANCED DRIVERS OF HEALTH
NORTHWESTERN MEMORIAL FOUNDATION
541 N FAIRBANKS CT STE 800CHICAGOIL60611363155315501(C)(3)$100,000$0IMPROVING LABOR AND DELIVERY THROUGH ARTIFICIAL INTELLIGENCE
PROVIDENCE ST JOSEPH NATIONAL FOUNDATION
4400 NE HALSEY ST SUITE 599PORTLANDOR97213943078543501(C)(3)$100,000$0AI-POWERED CLINICAL DECISION SUPPORT
UC SAN DIEGO HEALTH
200 W ARBOR DRIVESAN DIEGOCA92103957064556501(C)(3)$100,000$0SUPPORT WELLNESS PROGRAMS
RUSH UNIVERSITY MEDICAL CENTER
1620 W HARRISON STCHICAGOIL60612362174823501(C)(3)$131,000$0IMPROVE CARDIOMETABOLIC HEALTH PROFILES OF AT-RISK CHICAGO COMMUNITIES
FieldValueIRS element (for citing)
Total501c3 Org15Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTO ENSURE THAT ITS ASSETS ARE USED FOR CHARITABLE PURPOSES, THE FOUNDATION MAKES GRANTS ONLY TO 501(C)(3) ORGANIZATIONS AND 501(C)(6) ORGANIZATIONS THAT ARE DEEMED TO BE DESCRIBED IN SECTION 509(A)(2). FUNDED PROJECTS ARE APPROVED ONLY AFTER A RIGOROUS APPLICATION PROCESS. THE GRANT COMMITTEE MEETS QUARTERLY TO DISCUSS RECOMMENDED PHYSICIAN LEADERSHIP PROPOSALS AND APPROVAL OF GRANTS THAT RELATE TO THE FOUNDATION'S MISSION. FINAL RECOMMENDATIONS ARE APPROVED BY THE FULL BOARD. GRANTS ARE MADE SUBJECT TO A WRITTEN AGREEMENT REQUIRING PERIODIC AND FINAL FINANCIAL AND NARRATIVE REPORTS AND PROVIDING THAT THE FOUNDATION MAY WITHHOLD FUTURE PAYMENTS AND DEMAND CORRECTION OF MISUSE OF FUNDS SHOULD THE FOUNDATION DETERMINE THAT FUNDS HAVE NOT BEEN USED FOR APPROVED PURPOSES.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DUSTIN CORCORAN
MEMBER$10,500$897,159$0$558,800$0$28,178$0$61,866$0$63,850$10,500$1,609,853$0$0
MICHAEL DARROUZET
MEMBER$3,750$601,333$0$50,661$0$18,766$0$34,500$0$13,044$3,750$718,304$0$0
JOHN DORMAN
COO$123,320$431,600$0$0$0$39,676$0$67,868$0$13,044$123,320$552,188$0$0
HURSHELL BAGGETT
MEMBER$10,500$315,000$0$31,000$0$171$0$13,846$0$36,809$10,500$396,826$0$0
JENNIFER HANSCOM
VICE PRESIDENT$14,500$336,166$0$12,962$0$7,000$0$9,900$0$13,337$14,500$379,365$0$0
ROBERT SELIGSON
CEO$350,330$0$0$0$0$0$0$0$0$0$350,330$0$0$0
AMY REYNOLDSON
MEMBER$13,500$154,560$0$12,000$0$31,250$0$16,296$0$7,294$13,500$221,400$0$0
LARRY DOWNS
SECRETARY$15,500$210,196$0$0$0$8,846$0$0$0$0$15,500$219,042$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2JOHN DORMAN, COO, AND BOARD MEMBER MICHAEL DARROUZET ARE BOTH ORGANIZATIONAL OFFICERS AT TEXAS MEDICAL ASSOCIATION.
FORM 990, PART VI, SECTION A, LINE 4THE BYLAWS WERE AMENDED TO PROVIDE FOR DETERMINING SENIORITY OF VICE-PRESIDENTS, INCORPORATE AIP STANDARD CODE OF PARLIAMENTARY PROCEDURE, 2ND EDITION, STRENGTHEN CONFLICT OF INTEREST PROVISIONS TO INCLUDE A BOARD MEMBER SELECTED BY A STATE OR COUNTY MEDICAL SOCIETY WHEN AN ISSUE BEFORE THE BOARD AFFECTS THAT STATE OR COUNTY MEDICAL SOCIETY, AND AMEND HE/SHE PRONOUNS TO GENDER NEUTRAL TERMS.
FORM 990, PART VI, SECTION A, LINE 7ATHE MEDICAL ASSOCIATIONS AND SOCIETIES NAMED IN THE FOUNDATION'S BYLAWS HAVE THE POWER TO APPOINT MEMBERS OF THE BOARD OF DIRECTORS AND MAY REMOVE THEIR RESPECTIVE APPOINTEES.
FORM 990, PART VI, SECTION B, LINE 11BA DRAFT OF THE FORM 990 IS REVIEWED BY THE COO AND DISTRIBUTED TO EACH BOARD MEMBER PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST NO LESS FREQUENTLY THAN ANNUALLY. THE BOARD OF DIRECTORS REVIEWS THE DISCLOSURES AND ENSURES ALL TRANSACTIONS ARE FAIR TO THE FOUNDATION. IF THE POLICY IS VIOLATED, THE BOARD OF DIRECTORS MAY VOID THE CONTRACT OR TRANSACTION AND RECOVER DAMAGES OR MODIFY THE PRICE AND TERMS TO MATCH WHAT THE FOUNDATION WOULD RECEIVE IN AN ARM'S-LENGTH NEGOTIATION.
FORM 990, PART VI, SECTION B, LINE 15AIN 2015, THE BOARD OF DIRECTORS CONTRACTED WITH AN INDEPENDENT COMPENSATION CONSULTANT TO ENSURE THAT AMOUNTS PAID TO DIRECTORS, CEO, AND COO ARE NOT EXCESSIVE.
FORM 990, PART VI, SECTION C, LINE 19ALL REQUIRED DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
FORM 990, PART IX, LINE 11GGRANT MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 273,203. MANAGEMENT AND GENERAL EXPENSES 140,741. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 413,944. COMMUNICATIONS: PROGRAM SERVICE EXPENSES 388,949. MANAGEMENT AND GENERAL EXPENSES 63,317. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 452,266. FELLOWS PROGRAM: PROGRAM SERVICE EXPENSES 18,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,000.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (20 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtControlled OrganizationControlledOrganizationInd
ALASKA STATE MEDICAL ASSOCIATION
4107 LAUREL STANCHORAGEAK99508926002176PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSAK501(C)(6)0
CALIFORNIA MEDICAL ASSOCIATION
1201 J STREET SUITE 200SACREMENTOCA95814940359340PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSCA501(C)(6)0
CONNECTICUT STATE MEDICAL SOCIETY
127 WASHINGTON AVE EAST 3RD FLOORNORTH HAVENCT06473060665164PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSCT501(C)(6)0
DENTON COUNTY MEDICAL SOCIETY
3537 S INTERSTATE 35 ESTE 302DENTONTX76210751676014PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSTX501(C)(6)0
EL PASO COUNTY MEDICAL SOCIETY
730 CITADEL DR EAST SUITE 206COLORADO SPRINGSCO80909741238007PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSCO501(C)(6)0
FLORIDA MEDICAL ASSOCIATION
1430 PIEDMONT DR ETALLAHASSEEFL32308590559672PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSFL501(C)(6)0
HAWAII MEDICAL ASSOCIATION
1360 S BERETANIA ST 200HONOLULUHI96814990067306PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSHI501(C)(6)0
LOUISIANA STATE MEDICAL SOCIETY
6767 PERKINS ROAD SUITE 100BATON ROUGELA70808720386637PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSLA501(C)(6)0
MEDICAL ASSOCIATION OF GEORGIA
1849 THE EXCHANGE SUITE 200ATLANTAGA30339580605267PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSGA501(C)(6)0
MEDICAL SOCIETY OF NEW JERSEY
TWO PRINCESS ROADLAWRENCEVILLENJ08648210601684PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSNJ501(C)(6)0
MEDICAL SOCIETY OF NEW YORK
865 MERRICK AVE SUITE 200WESTBURYNY11590131030760PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSNY501(C)(6)0
MEDICAL SOCIETY OF NORTHERN VIRGINA
4604 JONES BRANCH DR SUITE 3150MCLEANVA22102540739279PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSVA501(C)(6)0
NEBRASKA MEDICAL ASSOCIATION
233 S 13TH STREET SUITE 1200LINCOLNNE68508470372108PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSNE501(C)(6)0
NEW HAMPSHIRE MEDICAL SOCIETY
7 NORTH STATE DTREETCONCORDNH03301020223176PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSNH501(C)(6)0
NORTH CAROLINA MEDICAL ASSOCIATION
PO BOX 27167RALEIGHNC27611560320130PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSNC501(C)(6)0
SOUTH CAROLINA MEDICAL ASSOCIATION
132 WESTPARK BLVDCOLUMBIASC29210570248750PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSSC501(C)(6)0
TENNESSEE MEDICAL ASSOCIATION
701 BRADFORD AVENUENASHVILLETN37204620382010PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSTN501(C)(6)0
TEXAS MEDICAL ASSOCIATION
401 WEST 15TH STREET SUITE 100AUSTINTX78701741078510PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSTX501(C)(6)0
VERMONT MEDICAL SOCIETY
PO BOX 1457MONTPELIERVT05601030164911PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSVT501(C)(6)0
WASHINGTON STATE MEDICAL ASSOCIATION
2001 SIXTH AVE SUITE 2700SEATTLEWA98121910462170PROFESSIONAL SOCIETY REPRESENTING PHYSICIANSWA501(C)(6)0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (7 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
MEDICAL SOCIETY OF NEW JERSEY
P$10,060FMV
TEXAS MEDICAL ASSOCIATION
P$34,919FMV
TEXAS MEDICAL ASSOCIATION
M$115,000CONTRACTED AMOUNT
WASHINGTON STATE MEDICAL ASSOCIATION
P$10,828FMV
MEDICAL SOCIETY OF NORTHERN VIRGINIA
R$13,500FMV
TEXAS MEDICAL ASSOCIATION
R$9,750FMV
CALIFORNIA MEDICAL ASSOCIATION
P$1,866FMV