2016-05-10T15:46:23-05:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2014-07-01 522220700 MEDICAL FACULTY ASSOCIATES INC MEDI 2027413351 2150 PENNSYLVANIA AVENUE NW WASHINGTON DC 20037 ROY SANTARELLA INTERIM CEO 2027413351 2016-05-09 1 JOHN NORMAN P01506766 7049985200 2016-05-09 2014 2016-08-17 19:52:53Z ROY SANTARELLA 2150 PENNSYLVANIA AVE NW SUITE 10-403 WASHINGTON DC 20037 366408622 0 X WWW.GWDOCS.COM X 2000 DC 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; AND FINALLY, TO PROVIDE MEDICAL CARE TO THE RESIDENTS OF THE GREATER WASHINGTON DC METRO AREA. 14 8 2362 0 456249 409738 504815 1227117 333020612 360365053 3840132 1888516 1750412 213744 339115971 363694430 0 0 0 0 211900250 246269332 714775 759500 759500 126227114 113993777 338842139 361022609 273832 2671821 204935294 219903596 136917548 149664919 68017746 70238677 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; AND FINALLY, TO PROVIDE MEDICAL CARE TO THE RESIDENTS OF THE GREATER WASHINGTON DC METRO AREA. 0 0 298274375 341184258 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 CONDUCTED MORE THAN 978,000 OUTPATIENT VISITS, WROTE OFF $60.0 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. 5312601 5637446 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 (164 NUMBER OF STUDIES). 13543349 13543349 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 (446 MEDICAL RESIDENTS AND 722 STUDENTS). 317130325 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 297 0 1 2362 1 1 1 0 0 0 0 1 1 0 0 0 0 X 14 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CINDY XU 7038424991 3811 N FAIRFAX DRIVE SUITE 1000 ARLINGTON VA 22203 AKMAN JEFFREY DEAN SCHOOL OF MEDICINE 40.00 X 0 0 0 BADGER STEPHEN L CEO TREASURER 40.00 X X 1078631 0 21534 JARRETT THOMAS CHAIRMAN, DEPARTMENT OF UROLOGY 40.00 X 535108 0 20367 SIDAWY ANTON N SECRETARY/CHAIRMAN, DEPARTMENT OF SURGERY 40.00 X X 786801 0 12882 WASSERMAN ALAN G PRESIDENT/CHAIRMAN, DEPARTMENT OF MEDICINE 40.00 X X 1093136 0 16947 ZEMAN ROBERT K CHAIRMAN, DEPARTMENT OF RADIOLOGY 40.00 X 525667 0 20311 GABA NANCY CHAIRMAN, OBGYN 0.50 X 522763 0 19855 PITT HARVEY DIRECTOR 0.50 X 30000 0 0 NORWALK LESLIE DIRECTOR 0.50 X 30000 0 0 SIGAL GERALD DIRECTOR 0.50 X 20000 0 0 WATTERS BLAIR DIRECTOR 0.50 X 20000 0 0 CONROY BRIAN DIRECTOR 0.50 X 20000 0 0 FIORINA CARLY DIRECTOR 0.50 X 30000 0 0 PHELPS EDWIN DIRECTOR 0.50 X 20000 0 0 REID MORRIS DIRECTOR 0.50 X 20000 0 0 MARTER KENNETH CHIEF FINANCIAL OFFICER 40.00 X 201746 0 12168 SHESSER ROBERT CHAIRMAN, DEPARTMENT OF EMERGENCY MEDICINE 40.00 X 584197 0 20112 MCCLAIN PAMELA B CHIEF OPERATIONS OFFICER 40.00 X 201889 0 8662 SINGH AMEET PHYSICIAN 40.00 X 736046 0 12160 CAPUTY ANTHONY J CHAIRMAN, DEPARTMENT OF NEUROSURGERY 40.00 X 747970 0 20788 OLDING MICHAEL J PHYSICIAN 40.00 X 713496 0 14055 O'BRIEN JOSEPH R PHYSICIAN 40.00 X 996144 0 19300 YU WARREN D PHYSICIAN 40.00 X 1722010 0 17054 BRODY FREDRICK J PHYSICIAN 40.00 X 293216 0 17902 MOORE BRAD PHYSICIAN 40.00 X 217088 0 16668 NEVIASER ROBERT J CHAIRMAN DEPARTMENT OF ORTHOPEDIC SURGERY 40.00 X 461466 0 10505 SIKKA NEAL PHYSICIAN 40.00 X 452778 0 13340 ABELL BRUCE M PHYSICIAN 40.00 X 513253 0 11757 ALY HANY Z PHYSICIAN 40.00 X 648391 0 16501 FRANKFURTER DAVID PHYSICIAN 40.00 X 378679 0 17772 13600475 0 340640 21 1 1 0 UROLOGIC SURGEONS OF WASHINGTON 1147 20TH ST NW WASHINGTON DC 20036 PHYSICIAN SERVICES 2681292 CAPITAL PULMONARY INTERNIST PC 2440 M ST NW 810 WASHINGTON DC 20037 PHYSICIAN SERVICES 1854267 EPSTEIN BECKER & GREEN PC 1227 25TH ST NW WASHINGTON DC 20037 LEGAL SERVICES 1302477 DEIDRE ANDERSON ENTERPRISES 2 WOODBINE ST WATERFORD CT 06385 CONSULTANT SERVICES 693099 RIVERSIDE PRIMARY CARE ASSOCIATES LLC 9316 BELLE TERRE WAY POTOMAC MD 20036 PHYSICIAN SERVICES 547933 33 1227117 1227117 PATIENT CARE 621110 341184258 341184258 MEDICAL EDUCATION 611310 13543349 13543349 MEDICAL RESEARCH 541700 5637446 5637446 360365053 1888516 1888516 2927936 2714192 213744 213744 -326261 456249 83756 363694430 361927308 456249 83756 6468163 3957248 2510915 210874402 191178517 19695885 6668702 5987333 681369 10410535 9346847 1063688 11847530 10637018 1210512 1642465 189656 1452809 557017 557017 759500 759500 3759 3759 24990467 22133555 2856912 1250629 918885 331744 4480389 3066631 1413758 4678792 687473 3991319 16728555 14818122 1910433 1881150 1402983 478167 361653 288290 73363 658006 298370 359636 4817346 4817346 7671073 5026507 2644566 2176773 1745109 431664 PATIENT CARE SUPPLIES 36741283 36741283 TRAINING AND DEVELOPMEN 1561232 393486 1167746 TEACHING SUPPLIES AND E 1362736 1362736 MEMBERSHIP 1186731 1016287 170444 1243721 1116643 127078 361022609 317130325 43132784 759500 -283319 -207449 448666 473492 40732566 43617145 898758 687357 3975570 5140357 128095576 45143187 81279350 82952389 73888076 80479501 2359885 3995627 4400919 204935294 219903596 25700126 33012705 0 463701 610475 36451250 39434442 74302471 76607297 136917548 149664919 X 66245244 68856159 1772502 1382518 68017746 70238677 204935294 219903596 X 2671821 -60906 -389984 X X 0 1 X 1 0 X 280660 471311 844747 504815 1227117 3328650 285644003 309901601 325525656 333020612 360365053 1614456925 285924663 310372912 326370403 333525427 361592170 1617785575 0 0 0 1617785575 2819089 2001151 2039687 3840132 1888516 12588575 2900552 4206362 4283142 4447105 2473813 18310974 5719641 6207513 6322829 8287237 4362329 30899549 527765 1004786 810379 943979 456249 3743158 292172069 317585211 333503611 342756643 366410748 1652428282 0.97900 0.98070 0.01870 0.01720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15640900 15640900 37108459 5987193 31121266 41203787 17384425 23819362 29228862 18723104 10505758 4913568 3048465 1865103 82952389 FEDERAL INCOME TAXES 139311 DEFERRED RENT 2746886 RESERVE FOR INSURANCE 45477420 LINE OF CREDIT 17527256 457(B) PLAN LIABILITIES 3289709 CAPITAL LEASE OBLIGATION 7426715 76607297 X 366408622 2714192 2714192 363694430 0 363694430 363736801 2714192 2714192 361022609 0 361022609 PART X, LINE 2: THE COMPANY HAS ADOPTED FASB INTERPRETATION ACCOUNTING FOR UNCERTAINTY IN INCOME TAX EFFECTIVE JULY 1, 2009. THIS INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE INTERPRETATION ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE COMPANY HAS NO UNCERTAIN TAX POSITION AT JUNE 30, 2015 AND 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE NETTED AGAINST REVENUE 2,714,192. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE NETTED AGAINST REVENUE 2,714,192. MIDDLE EAST AND NORTH AFRICA 0 71 PROGRAM SERVICES STAFFING AND MANAGERS 9680688 0 71 0 0 0 71 9680688 0 9680688 0 0 1 0 0 0 X X X X 1 THE GEORGE WASHINGTON UNIVERSITY SCHOOL OF MEDICINE AND HEALTH SCIENCE 2300 EYE STREET NW SUITE 713 WASHINGTON DC 20037 GRATEFUL PATIENT FUNDRAISING PROGRAM 0 917916 750000 167916 917916 750000 167916 X X X X 0 0 0 0 0 0 0 0 0 BADGER STEPHEN L CEO TREASURER 739375 0 325000 0 14256 0 10400 0 11134 0 1100165 0 0 0 JARRETT THOMAS CHAIRMAN, DEPARTMENT OF UROLOGY 502500 0 29704 0 2904 0 10400 0 9967 0 555475 0 0 0 SIDAWY ANTON N SECRETARY/CHAIRMAN, DEPARTMENT OF SU 775000 0 0 0 11801 0 10400 0 2482 0 799683 0 0 0 WASSERMAN ALAN G PRESIDENT/CHAIRMAN, DEPARTMENT OF ME 739375 0 326268 0 27493 0 10400 0 6547 0 1110083 0 0 0 ZEMAN ROBERT K CHAIRMAN, DEPARTMENT OF RADIOLOGY 502000 0 15525 0 8142 0 10382 0 9929 0 545978 0 0 0 GABA NANCY CHAIRMAN, OBGYN 491667 0 29640 0 1456 0 10400 0 9455 0 542618 0 0 0 MARTER KENNETH CHIEF FINANCIAL OFFICER 190805 0 10000 0 941 0 8032 0 4136 0 213914 0 0 0 SHESSER ROBERT CHAIRMAN, DEPARTMENT OF EMERGENCY ME 477468 0 99015 0 7714 0 10400 0 9712 0 604309 0 0 0 MCCLAIN PAMELA B CHIEF OPERATIONS OFFICER 190226 0 10000 0 1663 0 8009 0 653 0 210551 0 0 0 SINGH AMEET PHYSICIAN 275000 0 459814 0 1232 0 10400 0 1760 0 748206 0 0 0 CAPUTY ANTHONY J CHAIRMAN, DEPARTMENT OF NEUROSURGERY 737500 0 0 0 10470 0 10400 0 10388 0 768758 0 0 0 OLDING MICHAEL J PHYSICIAN 525000 0 188496 0 0 0 10400 0 3655 0 727551 0 0 0 O'BRIEN JOSEPH R PHYSICIAN 605000 0 389001 0 2143 0 10400 0 8900 0 1015444 0 0 0 YU WARREN D PHYSICIAN 1350000 0 368500 0 3510 0 10400 0 6654 0 1739064 0 0 0 BRODY FREDRICK J PHYSICIAN 287500 0 4704 0 1012 0 8700 0 9202 0 311118 0 0 0 MOORE BRAD PHYSICIAN 177000 0 39130 0 958 0 7801 0 8867 0 233756 0 0 0 NEVIASER ROBERT J CHAIRMAN DEPARTMENT OF ORTHOPEDIC SU 400000 0 51689 0 9777 0 9730 0 775 0 471971 0 0 0 SIKKA NEAL PHYSICIAN 329625 0 122341 0 812 0 12126 0 1214 0 466118 0 0 0 ABELL BRUCE M PHYSICIAN 375000 0 136178 0 2075 0 9801 0 1956 0 525010 0 0 0 ALY HANY Z PHYSICIAN 352000 0 293101 0 3290 0 10400 0 6101 0 664892 0 0 0 FRANKFURTER DAVID PHYSICIAN 375000 0 0 0 3679 0 7500 0 10272 0 396451 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE CEO AND CFO REVIEW THE FORM 990; THE FORM IS PRESENTED TO THE BOARD OF DIRECTORS AT THE REGULAR MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY. OFFICERS, DIRECTORS OR TRUSTEES, AND KEY 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. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS A COMPENSATION COMMITTEE WHO MEETS TO REVIEW THE SALARY OF THE CEO, PRESIDENT, CHAIRMEN AND ALL OTHER HIGHLY COMPENSATED EMPLOYEES IN THE COMPANY. THE REVIEW IS PERFORMED ANNUALLY PRIOR TO THE START OF THE NEW FISCAL YEAR AND IS BASED OFF OF INDUSTRY SPECIFIC SALARY DATA AND BENCHMARKS. 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: TEMPORARILY RESTRICTED DONATIONS RELEASED IN FY15. -389,984. PART XII, LINE 2C THERE HAS NOT BEEN A CHANGE IN THE PROCESS.