2020-11-11T10:16:19-06:00 2019-12-31 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2019-01-01 362367980 EDUCATIONAL COMMISSION FOR FOREIGN MEDICAL GRADUATES % JOSHUA KISVER EDUC 2158232293 3624 MARKET STREET PHILADELPHIA PA 19104 JOSHUA KISVER VP Finance and CFO 2158232293 2020-11-10 true Alycia Solecki P01272637 2155614200 98.114.242.187 23695320203165000005 2020-11-11 P B319E3F4824F3879AD60B659BDDC8C354071D9B5 A1B6C927467E8CE3CB93D79C342FE4AFF6918B1A 2019 2021-01-29 14:40:06Z WILLIAM W PINSKY MD SAME AS C ABOVE PHILADELPHIA PA 19104 105766091 false X WWW.ECFMG.ORG X 1956 PA SEE SCHEDULE O 17 16 1172 0 276036 275036 0 0 76533730 80551985 13398265 9682947 6357 0 89938352 90234932 66597 115896 0 0 48493938 53601946 0 0 0 32121845 32232757 80682380 85950599 9255972 4284333 184377964 215924093 32559466 47369940 151818498 168554153 X SEE SCHEDULE O false false 39742001 0 60164678 EXAMINATIONS (USMLE STEP 1; STEP 2CK AND STEP 2CS) REGISTRATION / CERTIFICATION SERVICES. THE ONLY EXAMS CURRENTLY ADMINISTERED THAT MEET THE MEDICAL AND CLINICAL SKILLS REQUIREMENT FOR ECFMG CERTIFICAITON. INCLUDED ARE THE REVENUES AND EXPENSES RELATED TO THE COLLABORATION WITH THE NATIONAL BOARD OF MEDICAL EXAMINERS TO ADMINISTER THE USMLE STEP 2CS EXAMINATION. 22597611 0 10907638 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. 8220416 115896 5202449 CERTIFCATION VERIFICATION SERVICES EDFMG PROVIDES PRIMARY SOURCE VERIFICATION OF ECFMG CERTIFICATION STATUES TO ENTITES IN THE U.S. THAT RELY ON ECFMG CERTIFICATION TO EVALUATE THE QUALIFICATIONS OF INTERNATIONAL PHYSICIANS. THE ECFMG INTERNATIONAL CREDENIALS SERVICES PROVIDES A SERVICE TO INTERNATIONAL ORGANIZATIONS AND AUTHORITIES INVOLVED IN MEDICAL REGISTRATION, LICENSING AND ASSESSMENT BY OBTAINING PRIMARY SOURCE VERIFICATION OF THE CREDENTIALS OF PHYSICIANS WHO COMPLETED THEIR MEDICAL EDUCATION OUTSIDE THE AUTHORITIES JURISDICTION. 4772728 0 4277220 Exchange Visitor Sponsorship Program (EVSP) 4772728 0 4277220 75332756 true false false false false false false false false false true true true true true true false true false true false true true false false false false false false true true false false false false false false false false false false false false false false false true false false false true 114 0 true 1172 true true true false false false false false false false false false true false X 17 16 false false true false false false false true true false true true true true true true true true true true false PA X JOSHUA KISVER 2159663433 3624 MARKET STREET PHILADELPHIA PA 19104 X WILLIAM W PINSKY MD President & CEO 40.0 5.0 X X 966864 0 74246 DENNIS M DONOHUE EXECUTIVE Vice President 40.0 5.0 X 565155 0 78266 LISA COVER SVP BUSINESS DEV & OPERATIONS 40.0 0.0 X 419153 0 54682 FRANCINE KATZ SENIOR VP, GENERAL COUNSEL 40.0 0.0 X 410983 0 41562 JESSICA SALT ASST. VP, CSEC ASSESSMENT 40.0 0.0 X 319746 0 73346 ROBERT BARTELT VP IT, CIO 40.0 0.0 X 342825 0 47811 BETTY LEHEW VP HR, CHIEF PEOPLE OFFICER 40.0 0.0 X 325801 0 59344 JOSHUA M KISVER VP FINANCE, CFO, TREASURER 40.0 0.0 X 265547 0 68948 KARA CORRADO VP OPERATIONS 40.0 0.0 X 233440 0 60135 ATUL DESHMUKH SR. MGR. SOLUTION DELIVERY 40.0 0.0 X 215077 0 63811 Ellen Turne Asst. Dir of Patient Note Prog 40.0 0.0 X 214923 0 61347 DENNIS CLARK DIR. OF SOLUTION DELIVERY 40.0 0.0 X 236950 0 36235 Michael Schulz Director of Technology Serv. 40.0 0.0 X 210840 0 48782 MAUREEN SABO Director of Governance 40.0 2.0 X 132935 0 51545 Barbara Barzansky PhD BOARD MEMBER 2.0 2.0 X 0 0 0 Ronald R Blanck DO BOARD MEMBER 2.0 2.0 X 0 0 0 Pamela Blizzard MBA BOARD MEMBER 2.0 2.0 X 0 0 0 Peter F Buckley MD BOARD MEMBER 2.0 2.0 X 0 0 0 Francis L Counselman BOARD MEMBER 2.0 2.0 X 0 0 0 Steven R Craig MD BOARD MEMBER 2.0 2.0 X 0 0 0 Andrew T Filak Jr BOARD MEMBER 2.0 2.0 X 0 0 0 Asqual Getaneh MD BOARD MEMBER 2.0 2.0 X 0 0 0 Maryellen E Gusic M BOARD MEMBER 2.0 2.0 X 0 0 0 William H Kurtz BOARD MEMBER 2.0 2.0 X 0 0 0 Anne M Murphy JD BOARD MEMBER 2.0 2.0 X 0 0 0 Thomas E Norris MD BOARD MEMBER 2.0 2.0 X 0 0 0 James F Pelegano MD BOARD MEMBER 2.0 2.0 X 0 0 0 Jason Z Qu MD BOARD MEMBER 2.0 2.0 X 0 0 0 Nyapati R Rao MD BOARD MEMBER 2.0 2.0 X 0 0 0 Daniel V Schidlow M BOARD MEMBER 2.0 2.0 X 0 0 0 Steve Kirkpatrick Board Member (Term Sept 2019) 2.0 2.0 X 0 0 0 4860239 0 820060 70 false true false Presidio Networked Solution PO Box 822169 PHILADELPHIA PA 19182 CONSULTING SERVICES 1798480 Judge Technical Services PO Box 820120 PHILADELPHIA PA 19182 TECHNOLOGY SERVICES 1348736 Morgan Lewis Bockius L 1701 Market Street PHILADELPHIA PA 19103 NOTARY SERVICES 1134772 CDW Computer Centers PO Box 97193 CHICAGO IL 60678 TECHNOLOGY SERVICES 1099440 ProActive Staffing Strategies 230 Winterberry Lane COLLEGEVILLE PA 19426 TECHNOLOGY SERVICES 953894 68 0 EXAMS/CERTIFICATION SERVICES 611710 60164678 60164678 ELECTRONIC RESIDENCY APPLICATION SERVICE 611710 5202449 5202449 CERTIFICATION VERIFICATION SERVICES 611710 5247750 5247750 EXCHANGE VISITOR SPONSORSHIP PROGRAM 900099 4277220 4277220 EPIC 900099 5659888 5659888 80551985 2781900 276036 2505864 0 0 0 0 0 22432206 14810585 720574 7621621 -720574 6901047 6901047 0 0 0 0 0 0 0 0 0 0 90234932 80551985 276036 9406911 0 500 500 115396 115396 0 3598314 1799157 1799157 0 35463925 33849155 1614770 3441640 3441640 9314905 9312360 2545 1783162 1488376 294786 0 1643212 1643212 238553 199809 38744 0 0 519637 519637 2962779 2962779 0 0 1785487 1316364 469123 8476071 7950361 525710 0 4871076 4347540 523536 880309 715779 164530 0 625911 81652 544259 90476 90476 0 4366537 2509668 1856869 584536 255517 329019 PAYMENT PROCESS FEES 2183160 2167050 16110 APPLICANTS MEAL AND CONFERENCE 711307 711307 RECRUITMENT AND TRAINING 418147 418147 PAYROLL SERVICE FEES 331550 331550 1544009 1358649 185360 85950599 75332756 10617843 0 0 0 4324443 4506586 0 0 12429322 18058182 0 0 0 0 0 0 0 0 2568826 3155257 69661671 52061623 16494121 17600048 0 0 108323834 115075971 40237418 42588614 0 0 0 14939435 184377964 215924093 8125982 7248549 0 0 18244752 20163614 2050116 1400493 0 0 0 0 0 0 0 0 4138616 18557284 32559466 47369940 X 151568498 168304153 250000 250000 151818498 168554153 184377964 215924093 X 4284333 10100126 2351196 X X false true X true false X 250000 0 0 0 0 250000 70111142 71395690 72820646 76533730 80551985 371413193 0 0 0 70361142 71395690 72820646 76533730 80551985 371663193 0 0 0 371663193 1526041 2019766 2062791 2199332 2505864 10313794 0 1526041 2019766 2062791 2199332 2505864 10313794 276036 276036 0 71887183 73415456 74883437 78733062 83333885 382253023 0.97230 0.97440 0.02698 0.02550 X 0 4200334 3023149 1177185 0 14529145 8220667 6308478 0 15674354 12563231 3111123 0 35257838 28254576 7003262 17600048 MASTER TRUST 115075971 F 115075971 INT IN NET ASSETS OF FAIMER 42588614 C 42588614 OTHER ASSETS 14939435 14939435 0 457 (B) PLAN OBLIGATIONS 747858 DUE TO NBME 1015976 CAPITAL LEASE LIABILITY 16793450 18557284 X SCHEDULE D, PARTX, LINE2 THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ASC TOPIC 740, FORMERLY FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") INTEPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES 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 TO 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 BENEFTIS 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 END DECEMBER 31, 2019 AND 2018, THE ORGANIZATION DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN WHICH 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 2017 FORWARD REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS. true Sub-Saharan Africa Grantmaking 73060 East Asia and the Pacific Grantmaking 3750 Middle East and North Africa Grantmaking 0 Europe (Including Iceland and Greenland) Grantmaking 7000 North America Grantmaking 3500 South America Grantmaking 1500 East Asia and the Pacific 1 Program Services 83065 North America 1 Program Services 49132 Sub-Saharan Africa 1 Program Services 87365 3 3 308372 308372 Sub-Saharan Africa Student Exg 9000 Wire Transfe 0 Sub-Saharan Africa Student Exg 6000 Wire Transfe 0 Europe (Including Iceland and Greenland) Student Exg 6000 Wire Transfe 0 Sub-Saharan Africa Student Exg 6000 Wire Transfe 0 Sub-Saharan Africa Student Exg 9000 Wire Transfe 0 Sub-Saharan Africa Student Exg 6000 Wire Transfe 0 Sub-Saharan Africa Student Exg 9000 Wire Transfe 0 Sub-Saharan Africa Student Exg 18000 Wire Transfe 0 Student Exg 11586 wire transfe 8 LAPG Grant North America 500 Wire Transfe 0 GEMx SAN grant East Asia and the Pacific 1750 Wire Transfe 0 GEMx SAN Grant Europe (Including Iceland and Greenland) 1000 Wire Transfe 0 GEMx SAN Grant Sub-Saharan Africa 1060 Wire Transfe 0 SEARAME GRANT South Asia 1500 Wire Transfe 0 SEARAME GRANT East Asia and the Pacific 1500 Wire Transfe 0 SEARAME GRANT East Asia and the Pacific 500 Wire Transfe 0 true false true true false false SCHEDULE F, PART I, LINE 2 THE ORGANIZATION REGULARLY COMMUNICATES WITH GRANTEES AND RECEIVES WRITTEN REPORTS ONCE A YEAR. SCHEDULE F, PART I, LINE 3 COLUMN (E) TYPE OF SERVICE FACILITATE INTERNATIONAL MEDICAL EDUCATION EXCHANGES. X X true true X X X X true false false false false false false true false WILLIAM W PINSKY MD President & CEO 770769 0 69327 0 126768 0 42000 0 37500 0 1046364 0 0 0 DENNIS M DONOHUE EXECUTIVE Vice President 444316 0 32989 0 87850 0 42000 0 36266 0 643421 0 0 0 LISA COVER SVP BUSINESS DEV & OPERATIONS 354889 0 27860 0 36404 0 38500 0 16182 0 473835 0 0 0 FRANCINE KATZ SENIOR VP, GENERAL COUNSEL 360084 0 19108 0 31791 0 0 0 49105 0 460088 0 0 0 ROBERT BARTELT VP IT, CIO 306532 0 15207 0 21086 0 38692 0 16254 0 397771 0 0 0 JESSICA SALT ASST. VP, CSEC ASSESSMENT 301125 0 18621 0 0 0 42000 0 35452 0 397198 0 0 0 BETTY LEHEW VP HR, CHIEF PEOPLE OFFICER 214906 0 15010 0 95885 0 31458 0 34416 0 391675 0 0 0 JOSHUA M KISVER VP FINANCE, CFO, TREASURER 244903 0 14476 0 6168 0 36687 0 39817 0 342051 0 0 0 DENNIS CLARK DIR. OF SOLUTION DELIVERY 226200 0 10750 0 0 0 33750 0 6440 0 277140 0 0 0 KARA CORRADO VP OPERATIONS 203695 0 15196 0 14549 0 30507 0 35717 0 299664 0 0 0 ATUL DESHMUKH SR. MGR. SOLUTION DELIVERY 211497 0 3580 0 0 0 31598 0 35396 0 282071 0 0 0 Ellen Turne Asst. Dir of Patient Note Prog 212973 0 1950 0 0 0 31699 0 33047 0 279669 0 0 0 Michael Schulz Director of Technology Serv. 204300 0 6540 0 0 0 28375 0 22869 0 262084 0 0 0 MAUREEN SABO Director of Governance 131614 0 1321 0 0 0 19591 0 34338 0 186864 0 0 0 SCHEDULE J, PART I, LINE 1A 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 $XX 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. Schedule J, Part I, Line 4a ECFMG made a severance payment of $50,104 to Betty Lehew, Former VP of Human Resource. Schedule J, Part I, 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 false false false B CURRENT REFUNDING OF ECFMG SERIES 232237287 7178184Q8 2009-12-29 1414000 CURRENT REFUNDING OF ECFMG SERIES false false false A 0 0 1300000 0 0 1276122 23878 0 0 0 0 0 true false true true B 0 0 1414000 0 0 1384101 25899 0 0 0 0 0 true false true true A false false false false 0 false false false false B false false false false 0 false false false false A false true false false 0 false 0 false false B false true false false 0 false 0 false false A false B false 990, PART I ASSESSMENT OF FOREIGN MEDICAL SCHOOL GRADUATES FOR ENTRY INTO U.S. RESIDENCY AND FELLOWSHIP PROGRAMS AND SPONSORSHIP OF FOREIGN PHYSICIANS AS EXCHANGE VISITORS IN GRADUATE MEDICAL EDUCATION PROGRAMS. FORM 990, PART III, LINE I 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. FORM 990, PART III, LINE 4D 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. FORM 990, PART VI, 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 ARE THEN GIVEN THE OPPORTUNITY TO MAKE INQUIRIES ABOUT ANY INFORMATION CONTAINED THEREIN. FORM 990, PART VI, 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 INTERESTVOTING 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, LINES 15A AND 15B 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, 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 2,351,196 ---------- CHANGE IN NET ASSETS OR FUND BALANCES 2,351,196 FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. FOUND FOR ADV OF INTL MED EDU & RES 3624 MARKET STREET PHILADELPHIA PA 19104 233057423 SEE PART VII PA 501(C)(3) 12A NA false false false false false false false false false false false false false true true true false true false false SCHEDULE R, PART II, COLUMN B PROMOTE INTERNATIONAL MEDICAL EDUCATION