2021-11-11T12:41:46-06:00 2020-12-31 366055558 GRANT THORNTON LLP 2001 MARKET STREET SUITE PHILADELPHIA PA 19103 990 2020-01-01 362367980 EDUCATIONAL COMMISSION FOR FOREIGN MEDICAL GRADUATES EDUC 2158232293 3624 MARKET STREET PHILADELPHIA PA 19104 JOSH KISVER VP FINANCE AND CFO 2158232293 2021-11-09 1 JOSH KISVER 999009999 ALYCIA SOLECKI P01272637 2155614200 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z WILLIAM W PINSKY MD 3624 MARKET STREET PHILADELPHIA PA 19104 83624210 0 X WWW.ECFMG.ORG X 1956 PA SEE SCHEDULE O 21 20 1015 0 108563 110062 0 0 80551985 54348306 9682947 242383 0 0 90234932 54590689 115896 254827 0 0 53601946 45807276 0 0 0 32232757 27478663 85950599 73540766 4284333 -18950077 215924093 222361897 47369940 62230026 168554153 160131871 X SEE SCHEDULE O THE EDUCATIONAL COMMISSION FOR FOREIGN MEDICAL GRADUATES (ECFMG) PROMOTES QUALITY HEALTH CARE FOR THE PUBLIC BY CERTIFYING INTERNATIONAL MEDICAL GRADUATES FOR ENTRY INTO U.S. GRADUATE MEDICAL EDUCATION, AND BY PARTICIPATING IN THE EVALUATION AND CERTIFICATION OF OTHER PHYSICIANS AND HEALTH CARE PROFESSIONALS NATIONALLY AND INTERNATIONALLY. IN CONJUNCTION WITH ITS FOUNDATION FOR ADVANCEMENT OF INTERNATIONAL MEDICAL EDUCATION AND RESEARCH (FAIMER), AND OTHER PARTNERS, IT ACTIVELY SEEKS OPPORTUNITIES TO PROMOTE MEDICAL EDUCATION THROUGH PROGRAMMATIC AND RESEARCH ACTIVITIES. 1 1 22884536 0 33019630 ECFMG CERTIFICATION PROGRAM- ECFMG'S PROGRAM OF CERTIFICATION ASSESS WHETHER IMGS ARE READY TO ENTER U.S. GRADUATE MEDICAL EDUCATION PROGRAMS THAT ARE ACCREDITED BY THE ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION. EXAMINATIONS (USMLE STEP 1, STEP 2CK, AND STEP 2CS): ECFMG IS THE ORGANIZATION THE REGISTERS IMGS FOR THE USMLE EXAMINATIONS. INCLUDED ARE THE REVENUES AND EXPENSES RELATED TO THE COLLABORATION WITH THE NATIONAL BOARD OF MEDICAL EXAMINERS TO ADMINISTER THE USMLE STEP 2CS EXAM. 9229420 0 6333810 ELECTRONIC RESIDENCY APPLICATION SERVICE (ERAS)-PROVIDES A MECHANISM FOR INTERNATIONAL MEDICAL STUDENTS/GRADUATES TO ELECTRONICALLY APPLY FOR RESIDENCY POSITIONS IN ACCREDITED U.S. PROGRAMS OF GRADUATE MEDICAL EDUCATION. 24756830 254827 10185859 CERTIFICATION VERIFICATION SERVICES - CERTIFICATION VERIFICATION SERVICES: ECFMG PROVIDES PRIMARY SOURCE VERIFICATION OF THE ECFMG CERTIFICATION TO ENTITIES IN THE U.S. THAT RELY ON THE ECFMG CERTIFICATION TO EVALUATE THE QUALIFICATIONS OF INTERNATIONAL MEDICAL GRADUATES. INTERNATIONAL CREDENTIAL SERVICES: A SERVICE TO INTERNATIONAL ORGANIZATIONS AND AUTHORITIES INVOLVED IN MEDICAL REGISTRATION, LICENSING, AND ASSESSMENT BY OBTAINING PRIMARY SOURCE VERIFICATION OF CREDENTIALS OF PHYSICIANS WHO COMPLETED THEIR MEDICAL EDUCATION OUTSIDE THE AUTHORITIES JURISDICTION. 6397775 0 4809007 EVSP - EXCHANGE VISITOR SPONSORSHIP PROGRAM -ECFMG IS AUTHORIZED BY THE U.S. DEPARTMENT OF STATE TO SPONSOR J-1 EXCHANGE VISITOR PHYSICIANS IN ACCREDITED PROGRAMS OF MEDICAL EDUCATION OR TRAINING OR ADVANCED RESEARCH PROGRAMS. 6397775 0 4809007 63268561 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 1 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 64 0 1 1015 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 PA X JOSHUA KISVER 2159663433 3624 MARKET STREET PHILADELPHIA PA 19104 WILLIAM W PINSKY MD BOARD CHAIR/ PRESIDENT/CEO 40.00 5.00 X X 1057736 0 79305 LISA COVER SENIOR VICE PRESIDENT 40.00 0.00 X 460023 0 50472 FRANCINE KATZ SENIOR VICE PRESIDENT 40.00 0.00 X 415979 0 70391 STEVEN KIRKPATRICK EXECUTIVE VICE PRESIDENT 40.00 0.00 X 408249 0 63880 ROBERT BARTELT SR. VICE PRESIDENT OF SHARED SER. 40.00 0.00 X 407353 0 51353 JOSHUA M KISVER VICE PRESIDENT OF FINANCE AND CFO 40.00 0.00 X 307226 0 71511 KARA CORRADO VICE PRESIDENT, OPERATIONS 40.00 0.00 X 256137 0 63963 MONCRIEFF WATSON AVP & CHIEF TECHNOLOGY OFFICER 40.00 0.00 X 250155 0 55573 MICHAEL SCHULZ DIRECTOR OF TECHNOLOGY SERVICES 40.00 0.00 X 245423 0 57508 ATUL DESHMUKH SOFTWARE DEVELOPMENT MANAGER 40.00 0.00 X 229326 0 61804 DENNIS CLARK DIRECTOR OF SOLUTION DELIVERY 40.00 0.00 X 246809 0 39541 KATHLEEN WILLIAMSON VICE PRESIDENT OF HR (BEG 1/6/20) 40.00 0.00 X 269834 0 6615 BETTY T LEHEW VICE PRESIDENT OF HR (THRU 10/2/19) 0.00 0.00 X 260417 0 1084 MAUREEN SABO ASSISTANT VICE PRESIDENT 40.00 2.00 X 159394 0 49907 CHERYLL ALBOLD PHD MS ED BOARD MEMBER 2.00 2.00 X 0 0 0 BARBARA BARZANSKY PHD MHPE BOARD MEMBER 2.00 2.00 X 0 0 0 RONALD R BLANCK DO BOARD MEMBER 2.00 2.00 X 0 0 0 PAMELA BLIZZARD MBA BOARD MEMBER 2.00 2.00 X 0 0 0 DONALD CRAIG BRATER MD BOARD MEMBER 2.00 2.00 X 0 0 0 PETER F BUCKLEY MD BOARD MEMBER 2.00 2.00 X 0 0 0 FRANCIS L COUNSELMAN MD C BOARD MEMBER 2.00 2.00 X 0 0 0 STEVEN R CRAIG MD MACP BOARD MEMBER 2.00 2.00 X 0 0 0 ANDREW T FILAK JR MD BOARD MEMBER 2.00 2.00 X 0 0 0 ASQUAL GETANEH MD MPH BOARD MEMBER 2.00 2.00 X 0 0 0 MARYELLEN E GUSIC MD BOARD MEMBER 2.00 2.00 X 0 0 0 ANNE MARIE IRANI MD BOARD MEMBER 2.00 2.00 X 0 0 0 PRERNA MONA KHANNA MD BOARD MEMBER 2.00 2.00 X 0 0 0 WILLIAM H KURTZ BA BOARD MEMBER 2.00 2.00 X 0 0 0 THOMAS E NORRIS MD BOARD MEMBER 2.00 2.00 X 0 0 0 JOHN OGUNKEYE MS BOARD MEMBER 2.00 2.00 X 0 0 0 JAMES F PELEGANO MD MS BOARD MEMBER 2.00 2.00 X 0 0 0 JASON Z QU MD BOARD MEMBER 2.00 2.00 X 0 0 0 NYAPATI R RAO MD MS BOARD MEMBER 2.00 2.00 X 0 0 0 BEATRIZ WILLS MD BOARD MEMBER 2.00 2.00 X 0 0 0 JEANETTE MLADENOVIC MD MBA BOARD MEMBER 2.00 40.00 X 0 0 0 4974061 0 722907 87 1 1 0 MORGAN LEWIS & BOCKIUS LLP 1701 MARKET STREET PHILADELPHIA PA 19103 LEGAL SERVICES 1170610 ARA TEKIAN 1015 N OAK PARK AVE OAK PARK IL 60302 PROGRAM ADMINISTRATION 347500 THE CAMPOMARZIO GROUP LLC 17 AMALFI COURT ROBBINSVILLE NJ 08691 CONSULTING SERVICES 336843 ARCLIGHT CONSULTING LLC 15 WAYSIDE ROAD SUITE 1 BURLINGTON MA 01803 CONSULTING SERVICES 148669 GRANT THONTON LLP 33960 TREASURY CENTER CHICAGO IL 60694 CONSULTING SERVICES 133840 7 EXAMS/CERT SERVICES 611710 33019630 33019630 CERT VERIFICATION SVCS 611710 11043905 11043905 ELECTRONIC RES APPL SV 611710 5475764 5475764 EXCH VISITOR SPNSR PRO 900099 4652265 4652265 EPIC 900099 156742 156742 54348306 2567475 108563 2458912 26708429 23261481 5772040 3446948 -5772040 -2325092 -2325092 54590689 54348306 108563 133820 1500 1500 253327 253327 3929228 1964614 1964614 29556179 27303102 2253077 3212947 3212947 7648165 6504365 1143800 1460757 1214942 245815 500998 500998 107953 107953 541166 541166 3831563 3260200 571363 11907 11907 1156210 768779 387431 6544835 6514307 30528 5489463 4634201 855262 116459 42822 73637 115287 10414 104873 178345 136319 42026 3393061 1868505 1524556 439062 92250 346812 REGISTRATION REFUND 3350130 3350130 PAYMENT PROCESS FEES 1320007 1294207 25800 RECRUITMENT & TRAINING 220772 220772 ALL OTHER INCOME 161445 161445 73540766 63268561 10272205 0 0 0 4506586 2974099 0 0 18058182 21753172 0 0 0 0 0 0 0 0 3155257 2811463 42125158 30778870 17600048 11346288 0 0 115075971 124570165 42588614 44406227 0 0 14939435 14500483 215924093 222361897 7248549 8581960 0 0 20163614 10241719 1400493 717159 0 0 0 0 0 0 0 0 18557284 42689188 47369940 62230026 X 168304153 159881871 250000 250000 168554153 160131871 215924093 222361897 X -18950077 8710181 1817614 X 0 1 X 1 0 X 71395690 72820646 76533730 80551985 54348306 355650357 71395690 72820646 76533730 80551985 54348306 355650357 0 0 0 355650357 2019766 2062791 2199332 2505864 2458912 11246665 2019766 2062791 2199332 2505864 2458912 11246665 276036 111062 387098 73415456 74883437 78733062 83333885 56918280 367284120 0.96830 0.97230 0.03060 0.02700 X 4200334 3076233 1124101 7743453 4661537 3081916 4196320 2850434 1345886 25985051 20190666 5794385 11346288 MASTER TRUST 124570165 F 124570165 INT IN NET ASSETS OF FAIMER 44406227 C 44406227 CAPITAL LEASE ASSETS 14500483 14500483 LINE OF CREDIT 23930107 CAPITAL LEASE LIABILITY 16473768 DUE TO NBME 1947786 457 (B) PLAN OBLIGATIONS 337527 42689188 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ASC TOPIC 740 DEFINES THE CONFIDENCE LEVEL THAT A TAX POSITION MUST MEET BEFORE IT CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS, AND IT REQUIRES THE EFFECTS OF A POSITION BE RECOGNIZED ONLY IF IT IS MORE LIKELY THAN NOT TO BE SUSTAINED BASED SOLELY ON ITS TECHNICAL MERITS AS OF THE REPORTING DATE. THE MORE LIKELY THAN NOT THRESHOLD REPRESENTS A POSITIVE ASSERTION BY MANAGEMENT THAT THE ORGANIZATION IS ENTITLED TO THE ECONOMIC BENEFITS OF A TAX POSITION. IF A TAX POSITION IS NOT CONSIDERED MORE LIKELY THAN NOT TO BE SUSTAINED BASED SOLELY ON ITS TECHNICAL MERITS, NO BENEFITS OF THE POSITION ARE TO BE RECOGNIZED. MOREOVER, THE MORE LIKELY THAN NOT THRESHOLD MUST CONTINUE TO BE MET IN EACH REPORTING PERIOD TO SUPPORT CONTINUED RECOGNITION OF A BENEFIT. FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019, THE ORGANIZATION DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN THAT WOULD REQUIRE ADJUSTMENT TO ITS CONSOLIDATED FINANCIAL STATEMENTS. IN ADDITION, THE ORGANIZATION BELIEVES IT HAS NOT ENGAGED IN ANY ACTIVITIES FOR WHICH ITS TAX-EXEMPT STATUS WOULD NOT BE SUSTAINED UNDER FEDERAL EXAMINATION. THE ORGANIZATION'S TAX RETURNS FOR THE YEARS 2015 FORWARD REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) GRANTMAKING 243327 NORTH AMERICA GRANTMAKING 3500 SOUTH ASIA GRANTMAKING 5500 EAST ASIA AND THE PACIFIC GRANTMAKING 1000 SUB-SAHARAN AFRICA PROGRAM SERVICES 71256 EAST ASIA AND THE PACIFIC PROGRAM SERVICES 33600 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 20480950 0 0 0 0 0 0 20839133 0 20839133 EUROPE (INCLUDING ICELAND & GREENLAND) WFME PROGRAM ADMINISTRATION 243327 WIRE TRANSFER 1 GEMX LAPG GRANT NORTH AMERICA 1 500 WIRE TRANSFER GEMX SAN GRANT SOUTH ASIA 1 1500 WIRE TRANSFER GEMX SEARME EAST ASIA AND THE PACIFIC 1 1000 WIRE TRANSFER GEMX SEARME SOUTH ASIA 1000 WIRE TRANSFER 1 0 1 1 0 0 PART I, LINE 2: THE ORGANIZATION REGULARLY COMMUNICATES WITH GRANTEES AND RECEIVES WRITTEN REPORTS ONCE A YEAR. PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 3 COLUMN (E): TYPE OF SERVICE - FACILITATE INTERNATIONAL MEDICAL EDUCATION EXCHANGES. X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 WILLIAM W PINSKY MD BOARD CHAIR/ PRESIDENT/CEO 824495 0 112978 0 120263 0 46250 0 33055 0 1137041 0 0 0 LISA COVER SENIOR VICE PRESIDENT 378827 0 39647 0 41549 0 39125 0 11347 0 510495 0 0 0 FRANCINE KATZ SENIOR VICE PRESIDENT 339738 0 35212 0 41029 0 32063 0 38328 0 486370 0 0 0 STEVEN KIRKPATRICK EXECUTIVE VICE PRESIDENT 403118 0 5000 0 131 0 39125 0 24755 0 472129 0 0 0 ROBERT BARTELT SR. VICE PRESIDENT OF SHARED SER. 350545 0 30909 0 25899 0 39692 0 11661 0 458706 0 0 0 JOSHUA M KISVER VICE PRESIDENT OF FINANCE AND CFO 262184 0 19726 0 25316 0 40987 0 30524 0 378737 0 0 0 KARA CORRADO VICE PRESIDENT, OPERATIONS 219140 0 18316 0 18681 0 34252 0 29711 0 320100 0 0 0 MONCRIEFF WATSON AVP & CHIEF TECHNOLOGY OFFICER 247024 0 3000 0 131 0 37208 0 18365 0 305728 0 0 0 MICHAEL SCHULZ DIRECTOR OF TECHNOLOGY SERVICES 243202 0 2000 0 221 0 38015 0 19493 0 302931 0 0 0 ATUL DESHMUKH SOFTWARE DEVELOPMENT MANAGER 225351 0 2000 0 1975 0 35230 0 26574 0 291130 0 0 0 DENNIS CLARK DIRECTOR OF SOLUTION DELIVERY 243519 0 2000 0 1290 0 37542 0 1999 0 286350 0 0 0 KATHLEEN WILLIAMSON VICE PRESIDENT OF HR (BEG 1/6/20) 250096 0 5000 0 14738 0 0 0 6615 0 276449 0 0 0 BETTY T LEHEW VICE PRESIDENT OF HR (THRU 10/2/19) 200417 0 0 0 60000 0 0 0 1084 0 261501 0 0 0 MAUREEN SABO ASSISTANT VICE PRESIDENT 154394 0 5000 0 0 0 23546 0 26361 0 209301 0 0 0 PART I, LINE 1A TRAVEL REIMBURSEMENT AND TAXABILITY FOR TRUSTEES - REIMBURSEMENT FOR AIR TRAVEL IS BASED ON FIRST CLASS ACCOMMODATIONS FOR FLIGHTS GREATER THAN 1,000 MILES IN DISTANCE. TRUSTEES HAVE THE OPTION TO APPLY THE COST OF A FIRST CLASS TICKET TOWARD TWO COACH FARE TICKETS TO COVER TRAVEL FOR SPOUSES WHEN ATTENDING MEETINGS OF THE ECFMG BOARD AND COMMITTEES OR CARRYING OUT OTHER OFFICIAL ECFMG DUTIES. HOWEVER, ONLY THE AMOUNT APPLICABLE TO TRAVEL FOR THE ECFMG BOARD MEMBER MAY BE CONSIDERED A BONA FIDE EXPENSE. TRAVEL EXPENSES FOR THE SPOUSE OF AN ECFMG BOARD MEMBER ARE REPORTED ON A SEPARATE TRAVEL AND EXPENSE REPORT AND REPORTED ON FORM 1099, ASSUMING THE AMOUNT IS GREATER THAN $600 DURING THE COURSE OF THE CALENDAR YEAR. FOR EMPLOYEES - REIMBURSEMENT OF BUSINESS CLASS (FIRST CLASS TRAVEL WHEN BUSINESS CLASS IS NOT AVAILABLE) FOR TRIPS WITHIN THE UNITED STATES ARE PAID WHEN COACH CLASS FLIGHTS WOULD RESULT IN A FLIGHT OF FIVE (5) HOURS OR MORE IN DURATION. DUE TO THE LENGTH OF INTERNATIONAL FLIGHTS, EMPLOYEES MAY TRAVEL ECONOMY PLUS (BUSINESS CLASS WHEN ECONOMY PLUS IS NOT AVAILABLE) ON FLIGHTS OF FIVE (5) HOURS OR GREATER IN DURATION. PART I, LINE 4A ECFMG MADE A SEVERANCE PAYMENT OF $50,104 TO BETTY LEHEW, FORMER VP OF HUMAN RESOURCE PART I, LINE 7 ECFMG OFFERS AND EXECUTIVE INCENTIVE PLAN TO REWARD PARTICIPANTS FOR ACHIEVING DEFINED OBJECTIVES WHICH INCLUDE FINANCIAL PERFORMANCE. A PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178184N5 2009-12-29 1300000 CURRENT REFUNDING OF ECFMG SERIES 0 0 0 B CURRENT REFUNDING OF ECFMG SERIES 232237287 7178184Q8 2009-12-29 1414000 CURRENT REFUNDING OF ECFMG SERIES 0 0 0 A 1300000 1276122 23878 1 0 1 1 B 1414000 1384101 25899 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 0 B 0 FORM 990, PART III, LINE 2 PATHWAY PROGRAM, A NEW VERIFICATION SERVICE AS A MEANS FOR INTERNATIONAL MEDICAL GRADUATES ("IMGS") TO CONTINUE TO RECEIVE THE ECFMG CERTIFICATE AND APPLY FOR RESIDENCY POSITIONS IN 2021. FORM 990, PART III, LINE 3 ON MARCH 13, 2020, ALL STEP 2CS TEST CENTER WAS CLOSED. USMLE ANNOUNCED THE SUSPENSION OF THE STEP 2 CS EXAM FOR 12-18 MONTH REVITALIZATION. ON JANUARY 26, USMLE ANNOUNCED DISCONTINUATION OF THE EFFORT TOWARD THE STEP 2CS MODIFIED EXAM. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLIANCE, AUDIT, AND QUALITY ASSURANCE COMMITTEE OF THE BOARD HAS BEEN CHARGED BY THE BOARD TO REVIEW THE FORM 990 AS COMPLETED BY THE OUTSIDE AUDITOR, GRANT THORNTON, LLP PRIOR TO IT BEING FILED WITH THE INTERNAL REVENUE SERVICE. ALL MEMBERS OF THE COMPLIANCE, AUDIT, AND QUALITY ASSURANCE COMMITTEE WILL RECEIVE FINAL DRAFT COPIES OF THE FORM 990 AND ARE THEN GIVEN THE OPPORTUNITY TO MAKE INQUIRIES ABOUT ANY INFORMATION CONTAINED THEREIN. DRAFTS ARE THEN PROVIDED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IT SHALL BE THE RESPONSIBILITY OF ALL TRUSTEES AND KEY EMPLOYEES TO IDENTIFY PROMPTLY TO THE CHAIR OF THE BOARD OF ECFMG OR FAIMER, AS APPROPRIATE, ALL "POSSIBLE CONFLICTS OF INTEREST" WHENEVER THEY ARISE; TO DECLARE THEIR LACK OF INDEPENDENCE; AND TO REFRAIN FROM ANY DISCUSSIONS OR DELIBERATIONS REGARDING THE IDENTIFIED "POSSIBLE CONFLICTS OF INTEREST OR VOTING ON OR TAKING ANY OTHER ACTION WITH RESPECT TO SUCH MATTER. FAILURE TO PROPERLY DISCLOSE A "CONFLICT OF INTEREST" MAY SUBJECT THE BOARD MEMBER OR KEY EMPLOYEE TO DISCIPLINARY ACTION UP TO AND INCLUDING DISMISSAL FROM THE BOARD OR TERMINATION OF EMPLOYMENT. ANNUAL CONFLICTS OF INTEREST DISCLOSURE FORMS FOR BOARD AND KEY EMPLOYEES: A CONFLICTS OF INTEREST DISCLOSURE FORM SHALL BE CIRCULATED ANNUALLY TO ALL CURRENT TRUSTEES AND KEY EMPLOYEES. THE EXECUTIVE VICE PRESIDENT OF ECFMG SHALL MAKE A DETERMINATION ANNUALLY AS TO WHICH CURRENT EMPLOYEES OF ECFMG AND FAIMER MEET THE DEFINITION OF KEY EMPLOYEE FOR THE PURPOSE OF THE QUESTIONAIRE. THE CONFLICTS OF INTEREST DISCLOSURE FORM SHALL BE DISTRIBUTED IN DECEMBER OF EACH YEAR COVERING THE CURRENT CALENDAR YEAR. COMPLETED FORMS SHALL BE RETURNED TO THE SECRETARY OF THE BOARD FOR ECFMG. THE BOARD SECRETARY SHALL HAVE THE RESPONSIBILITY TO MONITOR THE COMPLETION OF REQUESTED FORMS AND FOR MAKING APPROPRIATE FOLLOW-UP INQUIRIES TO NON-RESPONDERS. NON-RESPONDERS TO THE SECRETARY'S REQUESTS SHALL BE REPORTED TO THE CHAIR OF THE BOARDS OF ECFMG AND FAIMER AS APPROPRIATE. COMPLETED CONFLICTS DISCLOSURE FORMS SHALL BE REVIEWED BY THE EXECUTIVE VICE PRESIDENT, OR IN THE CASE OF THE DISCLOSURE FORM OF THE EXECUTIVE VICE PRESIDENT, BY THE PRESIDENT, AND A REPORT MADE ANNUALLY OF ALL INDENTIFIED "POSSIBLE CONFLICTS OF INTEREST". LEGAL COUNSEL SHALL RENDER AN OPINION DIRECTLY TO THE CHAIR AND PRESIDENT OF THE RESPECTIVE ORGANIZATION REGARDING SUCH MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD HAS THE RESPONSIBILITY FOR REVIEWING EXECUTIVE COMPENSATION OF HIGHLY COMPENSATED EMPLOYEES WHICH INCLUDES THE CEO, SENIOR VICE PRESIDENT FOR BUSINESS DEVELOPMENT AND OPERATIONS, EXECUTIVE VICE PRESIDENT FOR ADMINISTRATION AND EXECUTIVE DIRECTOR FOR CLINICAL SKILLS EXAMINATIONS (THE SENIOR STAFF). ANNUALLY THIS COMMITTEE COMMISSIONS AN INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT A COMPARATIVE SURVEY OF COMPENSATION AND BENEFITS OF COMPARABLE KEY POSITIONS FROM SIMILAR ORGANIZATIONS TO ECFMG'S SENIOR STAFF. ALSO, INCLUDED IN THE REVIEW IS THE VICE PRESIDENT OF HUMAN RESOURCES, THE VICE PRESIDENT OF INFORMATION TECHNOLOGY AND THE VICE PRESIDENT OF FINANCE. THE COMMITTEE COMPARES THE RESULTS OF THE COMPENSATION SURVEY TO THE COMPENSATION PAID TO EXECUTIVES OF ECFMG AND MAKES ADJUSTMENTS, IF APPROPRIATE. ANNUALLY, THE EXECUTIVE COMPENSATION COMMITTEE REVIEWS THE PERFORMANCE OF THE CEO AND RECOMMENDS A SALARY INCREASE PERCENTAGE AS APPROPRIATE GIVEN THE PERFORMANCE OF THE CEO AND THE FINANCIAL RESULTS OF ECFMG FOR THAT YEAR. THE COMMITTEE ALSO REVIEWS AND APPROVES SALARY INCREASE RECOMMENDATIONS MADE BY THE CEO, FOR THE SENIOR STAFF. CONTEMPORANEOUS MINUTES OF ALL EXECUTIVE COMPENSATION COMMITTEE MEETINGS ARE MADE REFLECTING THE ACTIONS TAKEN WITH RESPECT TO SENIOR STAFF COMPENSATION. THE RESULT OF THE COMMITTEE'S ACTIONS ARE SUMMARIZED AND REPORTED TO THE BOARD. SENIOR STAFF COMPENSATION REVIEWS COMMENCED IN 2001. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST OF FAIMER 1,817,614. FOUND FOR ADV OF INTL MED EDU & RES 3624 MARKET STREET PHILADELPHIA PA 19104 233057423 PROMOTE INTERNATIONAL MEDICAL EDUCATION PA 501(C)(3) LINE 12A, I ECFMG 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0