2021-05-17T15:24:38-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-07-01 522220700 MEDICAL FACULTY ASSOCIATES INC MEDI 2027413351 2150 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 LANCE KAPLAN CFO 2026776904 2021-05-14 1 ROBERT E SCHILE P00369682 6123764500 2021-05-13 2019 2022-09-23 18:48:47Z BARBARA BASS MD 2150 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 433823035 0 X WWW.GWDOCS.COM X 2000 DC PROVIDE PATIENT CARE, CLINICAL RESEARCH, AND TEACHING TO MEDICAL STUDENTS AND RESIDENTS OF GWU. 14 8 2722 8 0 0 16411042 9512845 455434427 418300290 473314 809778 -372246 -833788 471946537 427789125 0 0 0 0 295457138 298365428 755577 758240 758240 172185237 171904197 468397952 471027865 3548585 -43238740 149286092 180530229 154214615 226033200 -4928523 -45502971 X MEDICAL FACULTY ASSOCIATES HAS THREE MAIN MISSIONS: EDUCATION, TO TEACH THE MEDICAL STUDENTS AND TRAIN RESIDENTS OF THE GEORGE WASHINGTON UNIVERSITY; RESEARCH, TO CONDUCT MEDICAL RESEARCH ON BEHALF OF THE GEORGE WASHINGTON UNIVERSITY (GWU); AND FINALLY, TO PROVIDE MEDICAL CARE TO THE RESIDENTS OF THE GREATER WASHINGTON DC METRO AREA. 0 0 377737379 0 396512452 HEALTH CARE PROGRAMS, GENERAL/OTHER: MEDICAL FACULTY ASSOCIATES, INC. (THE "COMPANY") IS A 501(C) (3) CORPORATION THAT WAS CREATED ON FEBRUARY 17, 2000. BUSINESS OPERATIONS BEGAN JULY 1, 2000, WHEN THE TRANSFER AND CONTRIBUTION AGREEMENT (THE "AGREEMENT") BETWEEN THE GEORGE WASHINGTON UNIVERSITY (THE "UNIVERSITY") AND THE COMPANY BECAME EFFECTIVE. PREVIOUSLY, THE COMPANY WAS AN UNICORPORATED DIVISION OF THE UNIVERSITY (THE MFA CLINICAL SERVICES BUSINESS), AND THIS AGREEMENT ESTABLISHED THE COMPANY AS A SEPARATELY INCORPORATED BUSINESS ENTITY. THE COMPANY WAS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE UNIVERSITY, A CONGRESSIONALLY CHARTERED EDUCATIONAL INSTITUTION OF HIGHER EDUCATION IN THE DISTRICT OF COLUMBIA, INCLUDING ITS SCHOOL OF MEDICINE AND HEALTH SCIENCES, AN INCORPORATED DIVISION OF THE UNIVERSITY (THE "SCHOOL OF MEDICINE"), AND IN FURTHERANCE HEREOF THE COMPANY SHALL: PROVIDE PROFESSIONAL PHYSICIAN SERVICES AND RELATED HEALTH CARE SERVICES, INCLUDING DIAGNOSTIC AND THERAPEUTIC PROCEDURES AND SERVICES, TO PATIENTS IN THE GREATER WASHINGTON, DC COMMUNITY AND OTHER AREAS, INCLUDING THOSE UNABLE TO PAY FOR SUCH CARE; EMPLOY PHYSICIANS DULY LICENSED TO PRACTICE MEDICINE WHO HOLD A FACULTY APPOINTMENT AT THE UNIVERSITY, AND OTHER QUALIFIED PERSONNEL AND MAKE THE SERVICE OF SUCH PERSONNEL AVAILABLE TO INDIGENT AND OTHER PERSONS REQUIRING SUCH CARE; AND PERFORM THE OTHER NECESSARY OR APPROPRIATE FUNCTIONS AND SERVICES IN CONNECTION WITH THE ABOVE PURPOSES. IN SATISFACTION OF OUR EXEMPT PURPOSE, MFA PROVIDED 1,076,353 EPISODES OF CARE, WROTE OFF APPROXIMATELY $83 MILLION IN CHARGES FOR THE NEEDY, AND CONDUCTED NUMEROUS COMMUNITY OUTREACH PROGRAMS TO INCLUDE HIV CLINICS, PROSTATE CANCER SCREENINGS, BREAST CARE CENTER, AND A MAMMOVAN. 5102684 0 5534325 MEDICAL RESEARCH, GENERAL/OTHER: PROVIDE CERTAIN CLINICAL RESEARCH AND ADMINISTRATIVE SERVICES TO THE UNIVERSITY; FURTHER THE ADVANCEMENT OF MEDICAL KNOWLEDGE THROUGH BASIC AND APPLIED RESEARCH IN MEDICINE, LECTURES, CONSULTING, PUBLISHING INFORMATION AND TEACHING, PARTICULARLY REGARDING MEDICAL AND HEALTH CARE ISSUES PREVALENT IN URBAN COMMUNITIES. MFA'S FACULTY DOES THE MAJORITY OF THE MEDICAL RESEARCH AT THE GEORGE WASHINGTON UNIVERSITY MEDICAL SCHOOL DURING THE FISCAL YEAR ENDING JUNE 30, 2020, MFA PERFORMED 219 STUDIES. 15476997 0 16253573 PROFESSIONAL EDUCATION: PROVIDE CERTAIN CLINICAL, TEACHING AND ADMINISTRATIVE SERVICES TO THE UNIVERSITY; UNDERTAKE TEACHING THE DIAGNOSIS AND TREATMENT OF MEDICAL CONDITIONS TO MEDICAL STUDENTS, INTERNS, RESIDENTS, FELLOWS AND OTHER PROFESSIONALS IN CONNECTION WITH THE UNIVERSITY. MFA'S FACULTY DOES THE MAJORITY OF THE TEACHING AND RESEARCH AT THE GEORGE WASHINGTON UNIVERSITY MEDICAL SCHOOL DURING THE FISCAL YEAR ENDING JUNE 30, 2020, MFA PROVIDED PROFESSIONAL EDUCATION TO 371 MEDICAL RESIDENTS AND 713 STUDENTS. 398317060 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 371 0 2722 1 0 1 CJ 0 0 0 0 0 0 0 0 0 0 X 14 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X LANCE KAPLAN CFO 2026776904 2150 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 ROSNER MICHAEL K PHYSICIAN 40.00 X 1173033 0 5538 SIDAWY ANTON N CHIEF PHYSICIAN EXECUTIVE - EX OFFICIO TRUSTEE 40.00 X X 1031488 0 7809 MASSIMIANO PAUL S PHYSICIAN 40.00 X 1015207 0 28515 RONGIONE ANTHONY J PHYSICIAN 40.00 X 962884 0 31216 AKMAN JEFFREY DEAN OF GW SMHS EX OFFICIO (THROUGH JAN 2020) 1.00 50.00 X 0 955655 37100 RAO RAJKUMAR D PHYSICIAN 40.00 X 947447 0 14405 DIAZ MARK GW PRESIDENT APPOINTEE AND TREASURER 0.50 50.00 X X 0 893477 51356 WASSERMAN ALAN G CHAIRMAN DEPARTMENT OF MEDICINE 40.00 X 869417 0 6676 RHEE JONATHAN J PHYSICIAN 40.00 X 818305 0 26565 SOTOMAYOR EDUARDO M CHAIR TRUSTEE 40.00 X 797719 0 32548 KELLY ROBERT E CEO EX-OFFICIO (THROUGH JAN 2020) 40.00 X X 796911 0 26786 ZEMAN ROBERT K CHAIR TRUSTEE 40.00 X 652833 0 25693 BERGER JEFFREY S CHAIRMAN DEPT OF ANESTHESIOLOGY (DEC. 2019) 40.00 X 646271 0 13461 GABA NANCY D CHAIR TRUSTEE AND SECRETARY 40.00 X X 627827 0 22799 SHESSER ROBERT CHAIRMAIN DEPARTMENT OF EMERGENCY MEDICINCE 40.00 X 624352 0 23797 BENDER STEVEN B GENERAL COUNSEL 40.00 X 417159 0 31309 CHOPRA PRAVEEN K CHIEF INFORMATION OFFICER 40.00 X 411476 0 33114 MACDONALD STEPHEN CFO (THROUGH MAY 2019) 40.00 X 409562 0 11491 MCCLAIN PAMELA B CHIEF OPERATIONS OFFICER (THROUGH DEC. 2019) 40.00 X 367397 0 5648 WHITMORE RODNEY W CHIEF HUMAN RESCOURCES OFFICER 40.00 X 307995 0 27557 BERRIGAN MICHAEL J CHAIRMAN DEPT OF ANESTHESIOLOGY (THROUGH JUN 2019) 40.00 X 123337 0 8522 ALBERT MARC TRUSTEE 0.50 X 0 0 0 BRACKIN D WAYNE TRUSTEE 0.50 X 0 0 0 CARBONELL NELSON A JR TRUSTEE 0.50 X 0 0 0 JOELSON DEBORAH TRUSTEE 0.50 X 0 0 0 KADASI ROSALIND TRUSTEE 0.50 X 0 0 0 LAWRENCE PAMELA TRUSTEE 0.50 X 0 0 0 POPIEL RICHARD TRUSTEE 0.50 X 0 0 0 ZANE ELLEN CHAIR OF THE BOARD AND TRUSTEE 0.50 X 0 0 0 BASS BARBARA CEO DEAN OF GW SMHS - EX OFFICIO (JAN. 2020) 1.00 50.00 X X 0 0 0 13000620 1849132 471905 705 1 1 0 MCKESSON SPECIALTY 15212 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 CHEMOTHERAPY 33689156 ALLSCRIPTS LLC - CHICAGO 24630 NETWORK PLACE CHICAGO IL 60673 IT/TELECOMMUNICATION SERVICES 6674145 MCKESSON DRUG CO PO BOX 75698 CHARLOTTE NC 28275 PHARMACY SERVICES 6204304 SIBLEY MEDICAL ASSOCIATION 5255 LOUGHBORD ROAD NW WASHINGTON DC 20026 PHYSICIAN SERVICES 5164567 CVS PHARMACY CAREMARK 950 E SHEA BLVD MC 019 SCOTTSDALE AZ 85260 PHARMACY BENEFIT PROVIDER 5008473 132 8991349 521496 9512845 PATIENT CARE 621110 396512452 396512452 MEDICAL EDUCATION 611310 16253513 16253513 MEDICAL RESEARCH 541700 5534325 5534325 418300290 857591 857591 5152309 5986097 -833788 -833788 -833788 47813 -47813 -47813 -47813 427789125 418300290 0 -24010 6883152 3821145 3062007 258657191 230313532 28343659 9086634 7983352 1103282 7807838 6859825 948013 15930613 13996348 1934265 1352648 113152 1239496 169479 169479 758240 758240 29162 29162 22217134 14273753 7943381 904858 588697 316161 3447505 2976068 471437 12142316 801652 11340664 20789648 14787214 6002434 1511346 1366496 144850 374638 329708 44930 4392684 656627 3736057 4537808 4537808 5708138 3927521 1780617 13356397 11576015 1780382 PATIENT CARE SUPPLIES 49541188 49541188 BAD DEBT EXPENSE 25451893 25451893 OTHER 2310628 2030072 280556 TEACHING SUPPLIES AND E 1122731 1122731 2543996 1262263 1281733 471027865 398317060 71952565 758240 23715 1323715 56732478 31207367 1012908 816525 4472882 2583468 211998673 88914565 64724174 123084108 14329217 13266300 120000 120000 7870718 8128746 149286092 180530229 37591458 27868637 4271048 15653385 35351802 34415755 77000307 148095423 154214615 226033200 X -5747367 -46321815 818844 818844 -4928523 -45502971 149286092 180530229 X -43238740 -335709 3000001 X 0 1 X 1 0 X 970294 648552 972066 661042 9512845 12764799 407192210 426914990 449346537 455434427 418300290 2157188454 22795 22795 408185299 427563542 450318603 456095469 427813135 2169976048 0 0 0 2169976048 4782943 4856162 5799747 5609803 6009900 27058555 105517 278246 383763 4888460 5134408 5799747 5609803 6009900 27442318 413073759 432697950 456118350 461705272 433823035 2197418366 0.98750 0.98770 0.01250 0.01210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15640900 15640900 38122883 12362469 25760414 45539776 35278336 10261440 46796755 34023920 12772835 65898359 7249840 58648519 123084108 DEFERRED RENT 63180217 RESERVE FOR INSURANCE 12817897 LINE OF CREDIT 21233944 457(B) PLAN LIABILITIES 7248007 CAPITAL LEASE OBLIGATION 4472706 SUBORDINATED LOAN 17966638 PATIENT SERVICE LIABILITY 5086516 CHECKS IN EXCESS OF CASH 1087562 DUE TO RELATED PARTIES 15001936 148095423 X PART X, LINE 2: UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE APPLICABLE INCOME TAX REGULATIONS OF THE DISTRICT OF COLUMBIA, THE COMPANY IS EXEMPT FROM TAXES ON INCOME, OTHER THAN TAXES ON UNRELATED BUSINESS INCOME. THE COMPANY HAS NO UNCERTAIN TAX POSITION AT JUNE 30, 2020 AND 2019. MIDDLE EAST AND NORTH AFRICA 62 PROGRAM SERVICES TWO GOVERNMENT CONTRACTS (SUBCONTRACTOR) IN QATAR STAFFED & MANAGED THE US ARMY TROOP MEDICAL CLINIC. IN KUWAIT, MFA RAN THE EMS SYSTEM ON THE US MILITARY BASES THERE; ALSO PROVIDED TRAINING AS PART OF THE CONTRACT. THERE WERE ALSO A FEW EMED FACULTY MEMBERS WHO SUPPORTED PROGRAMS IN EGYPT THROUGH THE SCHOOL OF PUBLIC HEALTH AT GWU (GLOBAL HEALTH SERVICE PARTNERSHIP). 11402495 0 62 0 0 0 62 11402495 0 11402495 1 0 1 0 0 1 PART I, LINE 2: MFA DOES NOT PROVIDE ANY GRANTS TO FOREIGN ORGANIZATIONS OR INDIVIDUALS. PART III ACCOUNTING METHOD: X X X X 1 THE GEORGE WASHINGTON UNIVERSITY SCHOOL OF MEDICINE AND HEALTH SCIENCE 2300 I STREET NW WASHINGTON DC 20037 GRATEFUL PATIENT FUNDRAISING PROGRAM;DISCOVERY FUNDS 0 521496 758240 -236744 521496 758240 -236744 DC X X X X 1 0 0 0 0 0 0 1 0 ROSNER MICHAEL K PHYSICIAN 961949 0 206806 0 4278 0 4000 0 1538 0 1178571 0 0 0 SIDAWY ANTON N CHIEF PHYSICIAN EXECUTIVE - EX OFFICIO TRUSTEE 988142 0 0 0 43346 0 3367 0 4442 0 1039297 0 0 0 MASSIMIANO PAUL S PHYSICIAN 982685 0 2804 0 29718 0 11200 0 17315 0 1043722 0 0 0 RONGIONE ANTHONY J PHYSICIAN 938859 0 19272 0 4753 0 11200 0 20016 0 994100 0 0 0 AKMAN JEFFREY DEAN OF GW SMHS EX OFFICIO (THROUGH JAN 2020) 0 825091 0 51000 0 79564 0 28000 0 9100 0 992755 0 0 RAO RAJKUMAR D PHYSICIAN 829361 0 90624 0 27462 0 4483 0 9922 0 961852 0 0 0 DIAZ MARK GW PRESIDENT APPOINTEE AND TREASURER 0 736167 0 137500 0 19810 0 28000 0 23356 0 944833 0 0 WASSERMAN ALAN G CHAIRMAN DEPARTMENT OF MEDICINE 825570 0 4097 0 39750 0 2763 0 3913 0 876093 0 0 0 RHEE JONATHAN J PHYSICIAN 434635 0 383670 0 0 0 11200 0 15365 0 844870 0 0 0 SOTOMAYOR EDUARDO M CHAIR TRUSTEE 722185 0 50000 0 25534 0 2550 0 29998 0 830267 0 0 0 KELLY ROBERT E CEO EX-OFFICIO (THROUGH JAN 2020) 766635 0 0 0 30276 0 2667 0 24119 0 823697 0 0 0 ZEMAN ROBERT K CHAIR TRUSTEE 586455 0 48700 0 17678 0 2047 0 23646 0 678526 0 0 0 BERGER JEFFREY S CHAIRMAN DEPT OF ANESTHESIOLOGY (DEC. 2019) 639120 0 5651 0 1500 0 2281 0 11180 0 659732 0 0 0 GABA NANCY D CHAIR TRUSTEE AND SECRETARY 599598 0 25000 0 3229 0 2033 0 20766 0 650626 0 0 0 SHESSER ROBERT CHAIRMAIN DEPARTMENT OF EMERGENCY MEDICINCE 534915 0 73511 0 15926 0 1833 0 21964 0 648149 0 0 0 BENDER STEVEN B GENERAL COUNSEL 415027 0 0 0 2132 0 3686 0 27623 0 448468 0 0 0 CHOPRA PRAVEEN K CHIEF INFORMATION OFFICER 368317 0 0 0 43159 0 3677 0 29437 0 444590 0 0 0 MACDONALD STEPHEN CFO (THROUGH MAY 2019) 198814 0 0 0 210748 0 0 0 11491 0 421053 0 0 0 MCCLAIN PAMELA B CHIEF OPERATIONS OFFICER (THROUGH DEC. 2019) 361820 0 0 0 5577 0 4462 0 1186 0 373045 0 0 0 WHITMORE RODNEY W CHIEF HUMAN RESCOURCES OFFICER 305032 0 0 0 2963 0 5477 0 22080 0 335552 0 0 0 BERRIGAN MICHAEL J CHAIRMAN DEPT OF ANESTHESIOLOGY (THROUGH JUN 2019) 110940 0 1029 0 11368 0 0 0 8522 0 131859 0 0 0 PART I, LINE 4A STEPHEN MACDONALD, RECEIVED SEVERANCE PAY OF $210,000. PART I, LINE 7 MFA OFFERS AN ANNUAL INCENTIVE PLAN FOR CERTAIN EXECUTIVES. THE ANNUAL AWARD OPPORTUNITY IS CAPPED AT A PERCENTAGE OF THEIR SALARY. THE PLAN IS BASED ON ACHIEVEMENT OF PRE-ESTABLISHED MEASURES AND IS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 1 THERE MAY BE AN EXECUTIVE COMMITTEE CONSISTING ENTIRELY OF TRUSTEES THAT SHALL EXERCISE ALL THE POWERS OF THE BOARD OF TRUSTEES PERMITTED UNDER APPLICABLE LAW DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL REPORT ON ITS ACTIONS TO THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES SHALL HAVE THE POWER TO RESCIND ANY VOTE OR RESOLUTION OF THE EXECUTIVE COMMITTEE, BUT NO SUCH RECESSION SHALL HAVE RETROACTIVE EFFECT. FORM 990, PART VI, SECTION A, LINE 6 GEORGE WASHINGTON UNIVERSITY BECAME THE SOLE MEMBER OF MFA ON DECEMBER 14, 2018. FORM 990, PART VI, SECTION A, LINE 7A AS THE SOLE MEMBER OF MFA, GEORGE WASHINGTON UNIVERSITY HAS THE CONTROL TO REMOVE OR REPLACE A MAJORITY OF THE DIRECTORS OR TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B AS THE SOLE MEMBER, GEORGE WASHINGTON UNIVERSITY HAS THE RIGHT TO APPROVE THE APPOINTMENT AND REMOVAL OF THE CEO, APPROVAL OF THE ANNUAL BUDGET, APPROVAL OF SIGNIFICANT AFFILIATIONS AND BUSINESS RELATIONSHIPS AND APPROVAL TO THE ARTICLES AND BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN EXTERNAL, INDEPENDENT, PROFESSIONAL SERVICES FIRM WITH THE ASSISTANCE BY MFA'S FINANCE TEAM. ONCE THE FORM 990 WAS COMPLETED, IT WAS SHARED ELECTRONICALLY WITH THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD OF TRUSTEES ANNUALLY. EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS ANNUALLY. THE COMPLIANCE DEPARTMENT REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE THE POLICY BY: REQUIRING THE ANNUAL DISCLOSURE; REVIEWING ALL POTENTIAL CONFLICTS; AND PUTTING IN PLACE APPROPRIATE MEASURES TO MANAGE POTENTIAL CONFLICTS. MFA EMPLOYEES ARE REQUIRED TO REPORT TO THE COMPLIANCE OFFICER ANY ACTUAL OR POTENTIAL CONFLICTS OF INTERST THAT ARISE IN CONNECTION WITH THEIR EMPLOYMENT IMMEDIATELY UPON BEING AWARE OF SAME, INCLUDING, BUT NOT LIMITED TO, ANY OFFERS OR INCENTIVE PAYMENT OR FREE ITEMS OR SERVICES OFFERED BY SUPPLIERS OR VENDORS, AND OUTSIDE ENTITIES IN WHICH THE MFA EMPLOYEE OR HIS/HER IMMEDIATE FAMILY MEMBER HAS A FINANCIAL OR COMPENSATION INTEREST. THE INDIVIDUAL MUST DISCLOSE ALL MATERIAL FACTS REGARDING THE POTENTIAL CONFLICT AND RESPOND TO ANY INQUIRIES OF THE COMPLIANCE OFFICER. FOR ACTUAL OR POTENTIAL CONFLICTS OF FACULTY AND STAFF, THE COMPLIANCE OFFICER IN COLLABORATION WITH THE DEPARTMENT CHAIR WILL REVIEW THE DISCLOSURE RECORD AND DETERMINE WHETER A CONFLICT EXISTS. FOR CHAIRS AND SENIOR MANAGEMENT, THE COMPLIANCE OFFICER, IN COLLABORATION WITH THE MFA'S PRESIDENT, CEO AND GENERAL COUNSEL WILL REVIEW THE DISCLOSURE RECORD AND DETERMINE WHETHER A CONFLICT EXISTS. FOR THE COMPLIANCE OFFICER AND GENERAL COUNSEL, THE MFA'S PRESIDENT AND CEO WILL REVIEW THE DISLOSURE RECORD AND DETERMINE WHETHER A CONFLICT EXISTS. FOR THE MFA'S PRESIDENT AND CEO, OUTSIDE COUNSEL WILL BE CONSULTED, THE DISCLOSURE RECORD WILL BE REVIEWED AND DETERMINATION WILL BE MADE BY THE CHAIR OF MFA'S AUDIT COMMITTEE WHETHER A CONFLICT EXISTS. IF A CONFLICT IS FOUND TO EXIST IN AN OUTSIDE INTEREST OR THE OUTSIDE INTEREST IS FOUND TO GIVE THE APPEARANCE OF A CONFLICT FOR FACULTY AND STAFF, THE CHAIR MAY PROHIBIT THE CONFLICT AND OUTSIDE INTEREST OR RECOMMEND TO THE MFA'S PRESIDENT AND CEO CONDITIONS OR RESTRICTIONS TO MANAGE THE CONFLICT. THE MFA'S PRESIDENT AND CEO SHALL DECIDE IN THEIR SOLE DISCRETION WHETHER TO ACCEPT SUCH RESTRICTIONS OR CONDITIONS, IMPLEMENT OTHERS, OR PROHIBIT THE CONFLICT OR OUTSIDE INTEREST. INTENTIONAL VIOLATION OF THE POLICY MAY BE SUBJECT TO DISCIPLINARY ACTION, UP TO AND AND INCLUDING TERMINATION. FORM 990, PART VI, SECTION B, LINE 15 FOR CHIEF-LEVEL POSITIONS, THE CHIEF HUMAN RESOURCES OFFICER (CHRO) IDENTIFIES TOTAL CASH COMPENSATION RANGES FOR COMPARABLE ROLES WITHIN THE METRO DC AREA. THESE RANGES ARE PRESENTED TO CEO AND TO THE CHAIR OF THE BOARD OF TRUSTEES FOR APPROVAL BEFORE SALARY ADJUSTMENTS ARE MADE FOR INCUMBENTS AND BEFORE OFFERS ARE EXTENDED TO PROSPECTIVE EXECUTIVES. A COMPENSATION STUDY WAS DONE IN 2020 BY AN INDEPENDENT THIRD PARTY TO REVIEW THE EXECUTIVE TOTAL COMPENSATION. THE RESULTS OF THE STUDY DETERMINED THAT THE COMPENSATION PACKAGES WERE REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS CAN BE MADE IN WRITING VIA REGULAR MAIL OR EMAIL. FORM 990, PART XI, LINE 9: ROUNDING ADJUSTMENT 1. PIC DIVIDENDS PAID 3,000,000. 2300 M STREET LEASING LLC 2150 PENNSYLVANIA AVENUE NW SUITE 1 WASHINGTON DC 20037 273552342 RENTAL/LEASING ACTIVITIES DE 5556120 18386527 MEDICAL FACULTY ASSOCIATES INC ADVENTIST - MEDICAL FACULTY ASSOCIATES LLC 8807 COLESVILLE ROAD SUITE 300 SILVER SPRING MD 20910 TO PROVIDE PROFESSIONAL PHYSICIAN SERVICES TO PATIENTS IN THE MD/DC AREA MD 23105967 55981562 MEDICAL FACULTY ASSOCIATES INC MFA INTERNATIONAL LLC 2150 PENNSYLVANIA AVENUE NW SUITE 1 WASHINGTON DC 20037 HOLDING COMPANY DE 0 0 MEDICAL FACULTY ASSOCIATES INC THE GEORGE WASHINGTON UNIVERSITY C/O TAX DEPARTMENT 45155 RESEARCH P ASHBURN VA 20147 530196584 EDUCATION DC 501(C)(3) LINE 2 N/A 0 MFA PHYSICIANS INSURANCE COMPANY LTD PO BOX 1363 GRAND CAYMAN KY1- CJ TO PROVIDE CLAIMS-MADE INSURANCE COVERAGE TO MFA AND ITS PHYSICIANS CJ MEDICAL FACULTY ASSOCIATES INC C 8659680 48251903 1.00000 1 0 0 1 0 1 0 0 0 0 0 0 1 1 0 1 0 0 0 0 MFA PHYSICIANS INSURANCE COMPANY LTD M 13216682 ACTUARY ANALYSIS