2012-03-22T13:49:11-07:00 2011-06-30 990 2010-07-01 522220700 MEDICAL FACULTY ASSOCIATES INC MEDI 2027413351 2150 Pennsylvania Ave NW Washington DC 20037 Stephen Badger 2027413350 2012-02-29 2010 2016-02-24 21:20:13Z Stephen L Badger 2150 Pennsylvania Ave NW Suite 10-403 Washington DC 20037 292172069 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. 12 3 1410 0 321202 321202 232628 280660 257560593 285644003 2349875 2819089 0 379645 260143096 289123397 0 0 0 0 128037234 150564190 0 0 0 122668901 124753445 250706135 275317635 9436961 13805762 120070546 185055850 80216930 131568057 39853616 53487793 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. 0 0 230438511 266074436 Health care programs, General/Other: Medical Faculty Associates, Inc. (the "Company") is a 501(c) (3) corporation that was created 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 unincorporated 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 1.28 million outpatient visits, wrote off $53.1 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. 4334871 4606805 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. (149 Number of Studies) 14457418 14962762 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. (1130 Students and Residents) 0 0 0 249230800 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 258 0 1 1410 1 1 1 1 CJ 0 0 0 0 0 0 0 0 0 0 X 12 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X Kenneth Marter 2027413351 2150 Pennsylvania Ave NW Suite 10-403 Washington DC 20037 Badger Stephen L 40 X X X 745727 0 55658 Brody Fredrick J 40 X X 345182 0 49355 Dangerfield Paul E 40 X X 354100 0 48106 Gutierrez Guillermo 40 X X 260491 0 53710 Neviaser Robert J 40 X X 516183 0 53390 Pitt Harvey 0 X 0 0 0 Wasserman Alan G 40 X X X 792186 0 36890 Watters Robb 0 X 0 0 0 Weingold Allan 0 X 0 0 0 Zeman Robert K 40 X X 542901 0 30390 Akman Jeffrey 40 X 308754 0 32889 Sidawy Anton 40 X X X 62904 0 2053 Gindoff Paul R 40 X 664032 0 124587 Yu Warren D 40 X 1569541 0 38790 O'Brien Josephe R 40 X 628939 0 29962 6790940 0 555780 359 0 1 0 FREDERIC SCHWARTZ 5530 WISCONSIN AVE SUITE 1147 CHEVY CHASE MD 20815 PHYSICIAN SERVICE 412142 RNT & MR LLC 203 YOAKUM PARKWAY 408 ALEXANDRIA VA 22304 BROKER 1300891 KENYON KEITH KRAMER 9631 HAWICK LANE KENSINGTON MD 20895 PHYSICIAN SERVICE 167885 MERVIN ZIMMERMAN 6001 NEILWOOD DRIVE ROCKVILLE MD 20852 PHYSICIAN SERVICE 163286 MULTISCRIBE 2200 WILSON BLVD SUITE 102-126 ARLINGTON VA 22201 MEDICAL TRANSACTION SERVICES 232759 5 280660 280660 285644003 285644003 0 0 285644003 2819089 2819089 0 0 0 0 0 0 0 0 0 0 3428317 0 3048672 0 379645 0 379645 0 321202 58443 0 0 0 289123397 288463092 321202 58443 0 0 0 0 0 0 0 0 4545054 3370054 1175000 0 126328597 114424331 11904266 5101103 4591308 509795 7365753 6629634 736119 7223683 6501762 721921 1623324 74623 1548701 234601 72114 162487 0 0 31487 0 31487 45478515 44017583 1460932 1028984 595486 433498 2894199 1994059 900140 2536573 147513 2389060 0 0 0 8734984 6596311 2138673 1123867 1041653 82214 0 0 0 294148 262727 31421 122430 207 122223 4723001 4723001 3377790 2080460 1297330 -1696333 -1727295 30962 Teaching Materials 2001332 1877063 124269 0 Bad Debt 27055444 27055444 0 0 Patient Care Supplies 24497382 24497382 0 0 Memberships 294987 239592 55395 0 Recuritment and Relocation 189248 128185 61063 0 207482 37603 169879 275317635 249230800 26086835 0 919180 65608 683189 430540 35100168 36777701 588543 717785 1835695 3048626 87459014 16041545 17564726 71417469 62343065 69570127 1035980 3027994 120070546 185055850 27409702 29927264 1903130 3071668 41169940 308260 50595838 57399185 80216930 131568057 X 39552040 53479351 301576 8442 0 0 39853616 53487793 120070546 185055850 X 13805762 -171585 X 0 1 1 X 0 X 737904 293069 532999 232628 280660 2077260 164526612 184953536 235443227 257560593 285644003 1128127971 0 0 0 0 165264516 185246605 235976226 257793221 285924663 1130205231 1130205231 1316388 1907625 1497561 2349875 2819089 9890538 2900552 2900552 1316388 1907625 1497561 2349875 5719641 12791090 527765 527765 0 0 166580904 187154230 237473787 260143096 292172069 1143524086 0.98835 0.99191 0.01119 0.00809 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15640900 0 15640900 31644168 0 428888 31215280 14021119 0 3581129 10439990 19387627 0 11267317 8120310 6765200 0 764211 6000989 71417469 119082 Deferred Rent 1282852 Reserve for Malpractive Insurance 44627545 Line of Credit 9871774 457(b) Plan Liabilities 1497932 57399185 289123397 275317635 13805762 247042 0 0 0 0 247042 14052804 292419111 247042 0 0 3174169 3421211 288997900 0 125497 125497 289123397 278491801 0 0 0 3174166 3174166 275317635 0 0 0 275317635 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, 2011 and 2010. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Rental revenue and expense are recorded as net revenue on the 990 but presented gross on the audited financial statement. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Amortization of 2300M building financing cost book and tax difference in FY11. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d 2300 M Street building expenses - which have been reported as net under unrelated business income. Middle East and North Africa 0 97 Program Services Provide medical are at US military bases in Doha Qatar and Kuwait. 9575146 0 97 9575146 0 0 1 0 0 0 X X X 0 0 0 0 0 0 0 0 0 Akman Jeffrey 305982 0 11772 0 0 0 11954 0 11934 0 341642 0 Badger Stephen L 562227 0 200000 0 0 0 12250 0 26908 0 801385 0 0 Brody Fredrick J 303476 0 58206 0 0 0 13586 0 19268 0 394536 0 0 Dangerfield Paul E 336725 0 32175 0 0 0 11884 0 21422 0 402206 0 0 Gindoff Paul R 702532 0 0 0 0 0 12250 0 73837 0 788619 0 0 Gutierrez Guillermo 284991 0 14000 0 0 0 12570 0 2640 0 314201 0 0 Neviaser Robert J 435860 0 118823 0 0 0 12250 0 2640 0 569573 0 0 O'Brien Josephe R 340167 0 289973 0 0 0 13098 0 15664 0 658902 0 0 0 Sidawy Anton 64737 0 0 0 0 0 0 0 220 0 64957 0 0 0 Wasserman Alan G 589186 0 225000 0 0 0 12250 0 2640 0 829076 0 0 0 Yu Warren D 803032 0 783009 0 0 0 12250 0 10040 0 1608331 0 0 0 Zeman Robert K 434683 0 76108 0 42610 0 12250 0 7640 0 573291 0 0 Pitt Harvey 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Watters Robb 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Weingold Allan 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Douglas Hastings Form Board Member 144646 The organization paid the law firm where Mr. Hastings is a partner for legal services 0 F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a The CEO reviews 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 annually and individuals are asked to report any conflicts to the inside legal counsel. 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. This is performed annually prior to the start of the new fiscal year. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 All documents are available upon request. Requests can be made in writing via regular mail or email or over the phone. F990_P11_S00_L05 Form 990, Part XI, Line 5 1. Other changes in net assets or fund balances includes an increase in unrealized gain on investments of $247,042 and a decrease of temporarily restricted net assets of $293,130, net of the two equals $(46,088). 2. In addition, there is a book and tax adjustment of other revenue of $125,497.