2014-02-13T09:24:16-07:00 2013-06-30 990 2012-07-01 522220700 MEDICAL FACULTY ASSOCIATES INC MEDI 2027413351 2150 Pennsylvania Ave NW Washington DC 20037 Stephen Badger 2027413350 2014-02-14 2012 2015-11-30 17:44:51Z Stephen Badger 2150 Pennsylvania Ave NW Suite 10-403 Washington DC 20037 334391254 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 area. 14 8 1938 0 700810 629907 471311 844747 309901601 325525656 2001151 2039687 526086 1078251 312900149 329488341 0 0 0 0 179765851 194239615 0 750000 750000 121506660 134245089 301272511 329234704 11627638 253637 200240293 205983623 135171752 140511930 65068541 65471693 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 residents of the Greater Washington, DC area. 0 0 275812424 0 308645040 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 933,000 outpatient visits, wrote off $58.8 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. 4727111 4516830 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. MFAs faculty does the majority of the medical research at the George Washington University Medical School (158 research studies ). 12363788 12363786 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. MFAs faculty does the majority of the teaching and research at the George Washington University Medical School (431 medical residents and 715 students). 0 0 0 292903323 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 1 307 0 1 1938 1 1 1 1 CJ 0 0 0 0 X 14 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Kenneth Marter 2027413351 2021 K STREET NW Suite 600 Washington DC 20006 Alan G Wasserman 40 X X 975527 0 18895 Stephen L Badger 40 X X 933385 0 23611 Anton N Sidawy 40 X X 792534 0 14885 Robert K Zeman 40 X 554618 0 22590 Robert J Neviaser 40 X X 490367 0 13325 Thomas Jarrett 40 X 543101 0 22659 Neal Sikka 40 X 355960 0 13169 Fredrick J Brody 40 X 311087 0 21418 Brad Moore 40 X 195959 0 18560 Akman Jeffrey 40 X 791537 0 18295 Brian Conroy 0.5 0 X 0 0 0 Carly Fiorina 0.5 X 0 0 0 Pitt Harvey 0.5 X 0 0 0 Leslie Norwalk 0.5 X 0 0 0 Edwin Phelps 0.5 X 0 0 0 Morris Reid 0.5 X 0 0 0 Gerald Sigal 0.5 X 0 0 0 Blair Watters 0.5 X 0 0 0 Robert Watters 0.5 0 X 0 0 0 Kenneth Marter 40 X 181854 0 12993 Robert Shesser 40 X 552181 0 22605 Warren D Yu 40 X 1897419 0 15260 Joseph O'Brien 40 0 X 937337 0 20545 Bruce Abell 40 X 705020 0 14403 Michael Olding 40 X 657600 0 18141 Anthony Caputy 40 X 630676 0 65040 11506162 0 356394 483 1 1 0 Maryland Brain & Spine LLC 2002 MEDICAL PARKWAY SUITE 430 ANNAPOLIS MD 21401 PHYSICIAN SERVICE 3364158 UROLOGIC SURGEONS OF WASHINGTON 1147 20TH ST NW SUITE 400 WASHINGTON DC 20036 PHYSICIAN SERVICE 3308481 CAPITAL PULMONARY INTERNIST PC 2440 M STREET SUITE 810 WASHINGTON DC 20037 PHYSICIAN SERVICE 2461315 CLEARY GOTTLIEB STEEN & HAMILTON LLP 2000 PENNSYLVANIA AVE NW WASHINGTON DC 20006 LEGAL SERVICE 2423954 CAMERON MEDICAL GROUP LLP 8700 GEORGIA AVE SUITE 400 SILVER SPRING MD 20910 PHYSICIAN SERVICE 1214613 25 0 0 0 0 0 844747 0 844747 325525656 325525656 0 0 325525656 2039687 2039687 0 0 0 0 0 0 0 0 0 0 5981164 0 4902913 0 1078251 0 1078251 244847 700810 132594 0 0 0 0 329488341 327810190 700810 132594 X 6397422 4748368 1649054 0 0 0 166637475 149387970 17249505 5429497 4836497 593000 6027969 5369605 658364 9747252 8682675 1064577 1238784 402316 836468 622920 40322 582598 750000 750000 25000 0 25000 55801700 54308513 1493187 1551479 589506 961973 3752894 2485203 1267691 4133249 488052 3645197 0 0 0 11644602 10252869 1391733 1494728 1282568 212160 0 0 0 416227 331952 84275 375029 21826 353203 5110449 5110449 0 6960486 4291939 2668547 5730343 5321822 408521 Teaching materials 2592964 2592964 0 0 Memberships and Professional Lincense 1337867 1227467 110400 0 Patient Care Supplies 29344050 29344050 0 0 Banking and Credit Card Fee 660924 588739 72185 0 1451394 1197651 253743 329234704 292903323 35581381 750000 -129081 4501267 429860 434861 39552194 41411626 770355 849267 4216229 4616648 114680116 31000236 81622942 83679880 70392157 66785171 3385637 3704903 200240293 205983623 33683150 36798372 2108206 849530 39601239 38081291 59779157 64782737 135171752 140511930 X 65068541 65471693 0 0 0 0 65068541 65471693 200240293 205983623 253637 149515 0 0 0 0 X 0 1 X 1 0 X 532999 232628 280660 471311 844747 2362345 235443227 257560593 285644003 309901601 325525656 1414075080 235976226 257793221 285924663 310372912 326370403 1416437425 1416437425 1497561 2349875 2819089 2001151 2039687 10707363 2900552 4206362 4283142 11390056 1497561 2349875 5719641 6207513 6322829 22097419 527765 1004786 810379 2342930 237473787 260143096 292172069 317585211 333503611 1440877774 0.98304 0.98543 0.01534 0.01340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15640990 0 15640990 31961938 0 2064713 29897225 36212583 0 11185822 25026761 24018151 0 15532435 8485716 6846454 0 2217266 4629188 83679880 214168 Deferred Rent 3228323 Reserve for Insurance 42193205 Line of Credit 9654555 457(b) Plan Liabilities 2404147 Capital Lease Obligation 7088339 64782737 X 333503611 0 0 0 4015270 4015270 329488341 0 0 0 329488341 333249974 0 0 0 4015270 4015270 329234704 0 0 0 329234704 SchD_P10_S00_L02 Schedule D, 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, 2013 and 2012. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Rent Revenue is recorded as net revenue on 990 Part VIII Line 12 but is presented as gross revenue on the audited financial statement. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Rent expenses are recorded net against gross rent revenue on 990 Part IX Line 25 but are presented gross on the audited financial statements. Middle East and North Africa 0 54 Program Services Staffing and managing ambulatory centers on US military bases in Kuwait and Qatar. 11874153 0 54 11874153 0 0 1 0 0 0 X X X X 1 The George Washington University School of Medicine and Health Sciences 2300 Eye Street NW Suite 713 WASHINGTON DC 20037 Grateful Patient Fundraising Program. 1 844747 750000 94747 844747 750000 94747 X X X 0 0 0 0 0 0 0 0 0 Alan G Wasserman 625000 0 325000 0 25527 0 12450 0 6445 0 994422 0 0 0 Stephen L Badger 625000 0 300000 0 8385 0 12450 0 11161 0 956996 0 0 Anton N Sidawy 760000 0 25000 0 7534 0 12450 0 2435 0 807419 0 0 Robert K Zeman 482000 0 52034 0 7690 0 12450 0 10140 0 564314 0 0 Robert J Neviaser 400000 0 78996 0 11371 0 12450 0 875 0 503692 0 0 Thomas Jarrett 490000 0 50300 0 2801 0 12450 0 10209 0 565760 0 0 0 Robert Shesser 474418 0 69058 0 8704 0 12450 0 10155 0 574785 0 0 Kenneth Marter 144196 0 36902 0 756 0 8889 0 4104 0 194847 0 0 Warren D Yu 1305000 0 590379 0 2040 0 12450 0 2810 0 1912679 0 0 Joseph O'Brien 490000 0 446106 0 1231 0 12450 0 8095 0 957882 0 0 Bruce Abell 375000 0 327948 0 2072 0 12450 0 1953 0 719423 0 0 Michael Olding 525000 0 123160 0 9441 0 12450 0 5691 0 675742 0 0 Anthony Caputy 625000 0 0 0 5676 0 12450 0 52590 0 695716 0 0 0 Neal Sikka 314450 0 40767 0 742 0 11939 0 1229 0 369127 0 0 0 Fredrick J Brody 310000 0 0 0 1087 0 11850 0 9568 0 332505 0 0 0 Brad Moore 167181 0 28279 0 499 0 9502 0 9058 0 214519 0 0 Akman Jeffrey 682501 0 102375 0 6662 0 12450 0 5845 0 809833 0 0 Brian Conroy 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Carly Fiorina 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Pitt Harvey 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Leslie Norwalk 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Edwin Phelps 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Morris Reid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Gerald Sigal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Blair Watters 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Robert Watters 0 0 0 0 0 0 0 0 0 0 0 0 0 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Rob Watters, Director of the Board (served until Dec 2013) and Blair Watters, Director of the Board (served from Jan 2013 to current), are husband and wife. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The CEO and CFO review the form 990 and the form is presented to the Board of Directors at its regular meeting. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The Conflict of Interest policy is reviewed by the board 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. F990_P06_S0B_L15 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. F990_P06_S0C_L19 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. F990_P09_S00_L11g Form 990, Part IX, Line 11g Other fee for services mainly consists of fees paid to contracted physicians, total $46.6 millions and misc. patient care purchased services such as sign language, dictation, etc, total of $2.7 millions.