2020-07-15T16:46:11-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2018-07-01 522220700 MEDICAL FACULTY ASSOCIATES INC MEDI 2027413351 2150 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 LANCE KAPLAN CFO 2026776904 2020-07-15 1 ROBERT E SCHILE P00369682 6123764500 2020-07-15 67.137.57.251 2020-07-15 15:42:28 CD P E168BB59A4AC1B98DF6FDFCBC72C1446FCA85D8B 882631625C917AF9EBBC1D429A06E96E58975401 2018 2021-01-29 14:40:06Z BARBARA BASS MD 2150 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 477554848 0 X WWW.GWDOCS.COM X 2000 DC PROVIDE PATIENT CARE, CLINICAL RESEARCH, AND TEACHING TO MEDICAL STUDENTS AND RESIDENTS OF GWU. 16 9 2695 9 0 0 972066 16411042 449567455 455434427 100226 473314 -273396 -372246 450366351 471946537 0 0 0 0 304366771 295457138 762500 755577 755577 173649327 172185237 478778598 468397952 -28412247 3548585 160012219 149286092 178029704 154214615 -18017485 -4928523 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 387780879 0 434134776 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 1,704,496 EPISODES OF CARE, WROTE OFF $83 MILLION IN CHARGES FOR THE NEEDY, AND CONDUCTS NUMEROUS COMMUNITY OUTREACH PROGRAMS TO INCLUDE HIV CLINICS, PROSTATE CANCER SCREENINGS, BREAST CARE CENTER, AND A MAMMOVAN. 4654634 0 5847977 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, 2019, MFA PERFORMED 183 STUDIES. 13694899 0 15451674 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, 2019, MFA PROVIDED PROFESSIONAL EDUCATION TO 365 MEDICAL RESIDENTS AND 702 STUDENTS. 406130412 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 383 0 2695 1 0 1 CJ 0 0 0 0 0 0 0 0 0 0 X 16 9 0 0 1 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 SIDAWY ANTON N PRESIDENT (THRU DEC 2018)/ CHAIR DEPT OF SURGERY 40.00 0.00 X X 1151648 0 13989 ZANE ELLEN BOARD PRESIDENT 1.00 5.00 X X 0 0 0 DIAZ MARK GW PRESIDENT/TREASURER 0.50 50.00 X 0 613017 37772 GABA NANCY SECRETARY/CHAIRMAN, OBGYN 40.00 0.00 X X 577779 0 24120 KELLY ROBERT CEO - EX OFFICIO 40.00 0.00 X X 1353614 0 20729 AKMAN JEFFREY EX OFFICIO/DEAN SCHOOL OF MEDICINE 2.00 50.00 X 0 1012746 36229 ALBERT MARC TRUSTEE 0.50 0.00 X 0 0 0 HUGHES MARK TRUSTEE 0.50 0.00 X 0 0 0 JOELSON DEBORAH TRUSTEE 0.50 0.00 X 0 0 0 KADASI ROSALIND TRUSTEE 0.50 0.00 X 0 0 0 LAWRENCE PAMELA TRUSTEE 0.50 0.00 X 0 0 0 POPIEL RICHARD TRUSTEE 0.50 0.00 X 303127 0 7210 REID MORRIS TRUSTEE 0.50 0.00 X 0 0 0 SIGAL GERALD TRUSTEE 0.50 0.00 X 0 0 0 SOTOMAYOR EDUARDO M TRUSTEE/PHYSICIAN 40.00 0.00 X 717390 0 22784 ZEMAN ROBERT K TRUSTEE/CHAIRMAN, DEPT OF RADIOLOGY 40.00 0.00 X 602081 0 20126 MCDONALD STEPHEN CFO 40.00 0.00 X 429170 0 22934 BENDER STEVEN B GENERAL COUNSEL 40.00 0.00 X 468058 0 19135 BERRIGAN MICHAEL J CHAIRMAN, DEPARTMENT OF ANESTHESIOLOGY 40.00 0.00 X 420974 0 23622 CHOPRA PRAVEEN K CHIEF INFORMATION OFFICER 40.00 0.00 X 473008 0 23732 MCCLAIN PAMELA B CHIEF OPERATIONS OFFICER 40.00 0.00 X 426414 0 9886 SHESSER ROBERT CHAIRMAN, DEPT OF EMERGENCY MEDICINE 40.00 0.00 X 696991 0 22199 WASSERMAN ALAN G CHAIRMAN, DEPT OF MEDICINE 40.00 0.00 X 845764 0 12428 WHITMORE RODNEY W CHIEF HUMAN RESOURCES OFFICER 40.00 0.00 X 351024 0 18549 YU WARREN D PHYSICIAN 40.00 0.00 X 2368369 0 18215 ROSNER MICHAEL K PHYSICIAN 40.00 0.00 X 1082812 0 11000 RONGIONE ANTHONY J PHYSICIAN 40.00 0.00 X 901951 0 23229 MASSIMIANO PAUL S PHYSICIAN 40.00 0.00 X 983719 0 23512 RAO RAJKUMAR D PHYSICIAN 40.00 0.00 X 871105 0 24919 BADGER STEPHEN L FORMER CEO/TREASURER 40.00 0.00 X 225000 0 0 15249998 1625763 436319 763 1 1 0 ALLSCRIPTS LLC 24630 NETWORK PLACE CHICAGO IL 60673 IT/TELECOMMUNICATION SERVICES 6201844 SIBLEY MEDICAL ASSOCIATION 5255 LOUGHBORD ROAD NW WASHINGTON DC 20026 PHYSICIAN SERVICES 4429396 CLEARPATH SOLUTIONS GROUP 2465 CENTERVILLE ROAD HERNDON VA 20171 IT/TELECOMMUNICATION SERVICES 2703421 KAUFMAN LISA C & GREENLEE ALLEN MDPC 1850 M STREET SUITE 230 WASHINGTON DC 20026 PHYSICIAN SERVICES 1885335 UROLOGIC SURGEONS OF WASHINGTON 1147 20TH STREET NW SUITE 400 WASHINGTON DC 20036 PHYSICIAN SERVICES 1634091 138 15750000 661042 16411042 PATIENT CARE 621110 434134776 434134776 MEDICAL EDUCATION 611310 15451674 15451674 MEDICAL RESEARCH 541700 5847977 5847977 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93189682 77000307 178029704 154214615 X -18839183 -5747367 821698 818844 -18017485 -4928523 160012219 149286092 X 3548585 526303 9014074 X 0 1 X 1 0 X 1227117 970294 648552 972066 661042 4479071 360365053 407192210 426914990 449346537 455434427 2099253217 22795 22795 361592170 408185299 427563542 450318603 456095469 2103755083 0 0 0 2103755083 1888516 4782943 4856162 5799747 5609803 22937171 2473813 105517 278246 2857576 4362329 4888460 5134408 5799747 5609803 25794747 456249 456249 366410748 413073759 432697950 456118350 461705272 2130006079 0.98770 0.98510 0.01210 0.01420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15640900 15640900 40775971 11076802 29699169 45576586 32035536 13541050 37592883 31749828 5843055 64724174 DEFERRED FINANCING COSTS 1100397 457(B) PLAN ASSETS 6770321 7870718 DEFERRED RENT 4393427 RESERVE FOR INSURANCE 13319474 LINE OF CREDIT 22143154 457(B) PLAN LIABILITIES 6761869 CAPITAL LEASE OBLIGATION 2679034 SUBORDINATED LOAN 19250000 PATIENT SERVICE LIABILITY 6747679 CHECKS IN EXCESS OF CASH 1698414 DUE TO RELATED PARTIES 7256 77000307 X 431863799 -25480122 -25480122 457343921 14602616 14602616 471946537 439594744 -1998808 -1998808 441593552 26804400 26804400 468397952 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, 2019 AND 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE -26,804,400. TEMPORARILY RESTRICTED NET ASSETS RELEASED 2,849. PIC REVENUE 1,321,429. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON ASSET DISPOSITION 60,124. RENT EXPENSE NETTED AGAINST REVENUE -1,207,508. SUBORDINATED LOAN FORGIVENESS 15,750,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE NETTED AGAINST REVENUE 1,207,508. GAIN/LOSS ON ASSET DISPOSITION -60,124. PIC EXPENSES -3,146,192. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 26,804,400. MIDDLE EAST AND NORTH AFRICA 0 59 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). 10529274 0 59 0 0 0 59 10529274 0 10529274 1 0 1 0 0 0 PART I, LINE 2: MFA DOES NOT PROVIDE ANY GRANTS TO FOREIGN ORGANIZATIONS OR INDIVIDUALS. 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 663891 755500 -91609 663891 755500 -91609 DC X X X X 1 0 0 0 0 0 0 0 0 SIDAWY ANTON N PRESIDENT (THRU DEC 2018)/ CHAIR DEP 963987 0 160000 0 27661 0 11000 0 2989 0 1165637 0 0 0 DIAZ MARK GW PRESIDENT/TREASURER 0 453029 0 150000 0 9988 0 27500 0 10272 0 650789 0 0 GABA NANCY SECRETARY/CHAIRMAN, OBGYN 574762 0 0 0 3017 0 11000 0 13120 0 601899 0 0 0 KELLY ROBERT CEO - EX OFFICIO 741021 0 600000 0 12593 0 11000 0 9729 0 1374343 0 0 0 AKMAN JEFFREY EX OFFICIO/DEAN SCHOOL OF MEDICINE 0 814747 0 119544 0 78455 0 27500 0 8729 0 1048975 0 0 POPIEL RICHARD TRUSTEE 180257 0 122870 0 0 0 7052 0 158 0 310337 0 0 0 SOTOMAYOR EDUARDO M TRUSTEE/PHYSICIAN 691051 0 18682 0 7657 0 11000 0 11784 0 740174 0 0 0 ZEMAN ROBERT K TRUSTEE/CHAIRMAN, DEPT OF RADIOLOGY 566851 0 16881 0 18349 0 11000 0 9126 0 622207 0 0 0 MCDONALD STEPHEN CFO 311962 0 115000 0 2208 0 8873 0 14061 0 452104 0 0 0 BENDER STEVEN B GENERAL COUNSEL 353058 0 115000 0 0 0 9581 0 9554 0 487193 0 0 0 BERRIGAN MICHAEL J CHAIRMAN, DEPARTMENT OF ANESTHESIOLO 405996 0 1018 0 13960 0 10580 0 13042 0 444596 0 0 0 CHOPRA PRAVEEN K CHIEF INFORMATION OFFICER 326653 0 145000 0 1355 0 9781 0 13951 0 496740 0 0 0 MCCLAIN PAMELA B CHIEF OPERATIONS OFFICER 332034 0 90000 0 4380 0 8873 0 1013 0 436300 0 0 0 SHESSER ROBERT CHAIRMAN, DEPT OF EMERGENCY MEDICINE 491929 0 188161 0 16901 0 11000 0 11199 0 719190 0 0 0 WASSERMAN ALAN G CHAIRMAN, DEPT OF MEDICINE 825630 0 0 0 20134 0 11000 0 1428 0 858192 0 0 0 WHITMORE RODNEY W CHIEF HUMAN RESOURCES OFFICER 258062 0 90000 0 2962 0 7352 0 11197 0 369573 0 0 0 YU WARREN D PHYSICIAN 1306876 0 1056111 0 5382 0 11000 0 7215 0 2386584 0 0 0 ROSNER MICHAEL K PHYSICIAN 797037 0 285775 0 0 0 11000 0 0 0 1093812 0 0 0 RONGIONE ANTHONY J PHYSICIAN 897069 0 0 0 4882 0 11000 0 12229 0 925180 0 0 0 MASSIMIANO PAUL S PHYSICIAN 954001 0 0 0 29718 0 11000 0 12512 0 1007231 0 0 0 RAO RAJKUMAR D PHYSICIAN 811732 0 51092 0 8281 0 11000 0 13919 0 896024 0 0 0 BADGER STEPHEN L FORMER CEO/TREASURER 225000 0 0 0 0 0 0 0 0 0 225000 0 0 0 PART I, LINE 4A STEPHEN BADGER, FORMER CEO, RECEIVED SEVERANCE PAY OF $225,000. X LOAN FORGIVENESS 1 15750000 FMV 0 0 0 0 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 4 ON DECEMBER 14, 2018, THE COMPANY CONVERTED FROM A NON-MEMBER NONPROFIT TO A NONPROFIT MEMBERSHIP CORPORATION, WHICH WAS EFFECTUATED BY THE FILING OF RESTATED ARTICLES OF INCORPORATION AND THE AMENDMENT AND RESTATEMENT OF ITS BYLAWS. AS PART OF THE TRANSACTION THE GEORGE WASHINGTON UNIVERSITY WAS NAMED THE MFA'S SOLE CORPORATE MEMBER AND WAS GRANTED CERTAIN ENUMERATED RESERVED POWERS. THESE RESERVED POWERS INCLUDE THE RIGHT TO APPROVE CERTAIN OF THE FOLLOWING ACTIONS: (I) AMENDMENTS TO MFA'S ARTICLES OF INCORPORATION; (II) APPOINT AND REMOVE MEMBERS OF THE BOARD; (III), APPROVE OR REMOVE THE CHIEF EXECUTIVE OFFICER AND CHIEF PHYSICIAN EXECUTIVE; (IV) APPROVAL OF THE MFA'S BORROWINGS ABOVE CERTAIN THRESHOLDS; (V) APPROVAL OF MFA'S ANNUAL OPERATING AND CAPITAL BUDGETS; AND (VI) APPROVAL OF CERTAIN CORPORATE TRANSACTIONS. 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 MAY OF 2017 BY AN INDEPENDENT THIRD PARTY TO REVIEW THE TOTAL COMPENSATION PACKAGE FOR THE CEO, COO, CFO, GENERAL COUNSEL, CHRO, AND CIO. 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 -6. PIC DIVIDENDS PAID 9,014,080. 2300 M STREET LEASING LLC 2150 PENNSYLVANIA AVENUE NW SUITE 1 WASHINGTON DC 20037 273552342 RENTAL/LEASING ACTIVITIES DE 5491629 24729432 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 44177311 54218540 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 8663914 41650508 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 12131835 ACTUARY ANALYSIS