NATIONAL BOARD OF MEDICAL EXAMINERS: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL BOARD OF MEDICAL EXAMINERS (EIN 23-1352238)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202403209349311880
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T10:04:27-08:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231352238 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | National Board of Medical Examiners | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NATI | BusinessNameControlTxt |
| Phone | 2155909500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3750 Market Street | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Peter J Katsufrakis | PersonNm |
| Person Title | President & CEO | PersonTitleTxt |
| Signature | 2024-11-15 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3750 Market Street | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 191043102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $231,503,889 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.nbme.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1915 | FormationYr |
| Legal Domicile State | DC | LegalDomicileStateCd |
| Activity Or Mission | NBME advances assessment of healthcare professionals to achieve optimal care for all. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 657 | TotalEmployeeCnt |
| Total Volunteers | 559 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $154,830,109 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $163,555,906 | CYProgramServiceRevenueAmt |
| PY Investment Income | $15,479,983 | PYInvestmentIncomeAmt |
| CY Investment Income | $10,615,609 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$45,379 | PYOtherRevenueAmt |
| CY Other Revenue | -$12,159 | CYOtherRevenueAmt |
| PY Total Revenue | $170,264,713 | PYTotalRevenueAmt |
| CY Total Revenue | $174,159,356 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $712,223 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,373,496 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $81,114,749 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $88,849,846 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $65,696,184 | PYOtherExpensesAmt |
| CY Other Expenses | $73,512,105 | CYOtherExpensesAmt |
| PY Total Expenses | $147,523,156 | PYTotalExpensesAmt |
| CY Total Expenses | $163,735,447 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $22,741,557 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $10,423,909 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $408,783,672 | TotalAssetsBOYAmt |
| Total Assets EOY | $444,844,524 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $125,132,815 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $119,139,527 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $283,650,857 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $325,704,997 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NBME advances assessment of health care professionals to achieve optimal care for all. While centered on assessment of physicians, this mission encompasses the spectrum of health professionals along the continuum of education, training and practice and includes research in evaluation as well as development of assessment tools.For further information visit www.nbme.org. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $84,276,104 | ExpenseAmt |
| Revenue | $112,206,604 | RevenueAmt |
| Desc | The United States Medical Licensing Examination (USMLE) is a three-step examination for medical licensure in the United States and is sponsored by the Federation of State Medical Boards (FSMB) and NBME. The USMLE program supports medical licensing authorities in the United States through its leadership in the development, delivery, and continual improvement of high-quality assessments across the continuum of physicians' preparation for practice. It assesses a physician's ability to apply knowledge, concepts, and principles that are important in health and disease and that constitute the basis of safe and effective patient care.For further information visit www.usmle.org.Note: The expenses reflected above do not include management and general expenses. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $26,046,299 | ExpenseAmt |
| Revenue | $43,126,536 | RevenueAmt |
| Desc | The Medical School and Student Services program provides assessment services to domestic and international medical schools, students, and residents. Assessments include the subject examination program, self-assessment services, and web-based examination programs and pilot projects. Subject exams measure achievement in the traditional basic and clinical science disciplines and are used to compare student performance with a national reference group. A series of web-based self-assessments are available to help students assess their readiness to take USMLE. Faculty services include item-writing workshops, and medical school liaison activities include the Advisory Committee for Medical School Programs.Note: The expenses reflected above do not include management and general expenses. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $11,319,909 | ExpenseAmt |
| Revenue | $8,222,766 | RevenueAmt |
| Desc | Custom Programs consist of a diverse portfolio of global customized assessment services and examination programs. The primary sources of revenue for Custom Programs are Health Profession Services, the Health and Wellness Coach Certifying Examination and the Post Licensure Assessment System. The Health Profession Services program provides comprehensive assessment, educational, consultative, and research services for healthcare organizations. During 2023, NBME's Health Profession Services worked with a variety of organizations to administer examinations for purposes of licensure and other evaluations of special competence for examination programs sponsored by health-related organizations. These organizations included allied health professional associations, members of the American Board of Medical Specialties, and medical societies. Examinations are administered worldwide, where applicable.NBME and the National Board for Health & Wellness Coaching collaborate to provide the Health and Wellness Coach Certifying Examination. The collaboration provides an opportunity to draw upon the unique capabilities of each organization to provide a high-quality assessment for health and wellness coaches. Exam content is developed by nationally recognized leaders in the field of health and wellness coaching and covers areas such as coaching structure and process, health and wellness, and ethics.The Post-Licensure Assessment System (PLAS) is a joint activity of NBME and the Federation of State Medical Boards (FSMB). PLAS comprises two programs: the Special Purpose Examination (SPEX) Program and the Assessment Center Program (ACP). SPEX is a one-day, multiple-choice examination of current knowledge requisite for the general, undifferentiated practice of medicine and is intended to be used for reasons of endorsement or reciprocity of licensure. The ACP provides comprehensive objective and personalized assessments of physicians for whom there is a question regarding clinical competence. Together, the PLAS programs have assessed physicians for reasons that range from endorsement of licensure to license reactivation after disciplinary action.Note: The expenses reflected for Custom Programs on Part III, line 4c do not include management and general expenses. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $10,483,051 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $1,066,904 | TotalOtherProgSrvcGrantAmt |
| Total Program Service Expenses | $132,125,363 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (true) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (true) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 538 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 657 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 0 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (true) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | John J Hinke Jr | PersonNm |
| Phone | 2155909500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3750 Market Street | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 191043102 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| Peter J Katsufrakis | |||||||
| President & CEO | 45.00 | 0.00 | Yes (X) | Yes (X) | $1,240,803 | $0 | $356,199 |
| John J Hinke Jr | |||||||
| SVP & CFO | 45.00 | 0.00 | Yes (X) | $345,237 | $0 | $204,556 | |
| Michael G Jodoin | |||||||
| SVP, C&P Mgmt | 45.00 | 0.00 | Yes (X) | $381,908 | $0 | $154,451 | |
| Michael A Barone | |||||||
| VP, CBA | 45.00 | 0.00 | $414,880 | $0 | $101,435 | ||
| Ye Tong | |||||||
| SVP, Assessment | 45.00 | 0.00 | Yes (X) | $385,616 | $0 | $122,171 | |
| Linda M Gadsby | |||||||
| SVP, Gen Couns | 45.00 | 0.00 | Yes (X) | $385,923 | $0 | $113,806 | |
| Brian E Clauser | |||||||
| Dist Research Sci | 45.00 | 0.00 | $322,091 | $0 | $162,119 | ||
| Pamela L Treves | |||||||
| SVP, Growth | 45.00 | 0.00 | Yes (X) | $334,143 | $0 | $133,699 | |
| Andrew F Farella | |||||||
| SVP & CIO | 45.00 | 0.00 | Yes (X) | $329,701 | $0 | $130,489 | |
| Christopher A Feddock | |||||||
| AVP, CBA | 45.00 | 0.00 | $394,321 | $0 | $56,594 | ||
| Alex J Mechaber | |||||||
| VP, USMLE | 45.00 | 0.00 | $389,958 | $0 | $55,198 | ||
| Kenneth W Ridgley | |||||||
| VP, Test Dev Srvs | 45.00 | 0.00 | $327,504 | $0 | $77,917 | ||
| Janelle R Endres | |||||||
| VP, Human Resources | 45.00 | 0.00 | $255,162 | $0 | $106,474 | ||
| Antionette Crockrell | |||||||
| VP, Business Dev | 45.00 | 2.00 | $276,661 | $0 | $68,844 | ||
| Elisa K Moll | |||||||
| VP, Strategy Management | 45.00 | 2.00 | $236,855 | $0 | $72,923 | ||
| Susan A Deitch | |||||||
| Secretary | 45.00 | 0.00 | Yes (X) | $184,371 | $0 | $113,268 | |
| Lisa M Rawding | |||||||
| SVP, Growth & Innovation | 0.00 | 0.00 | $183,344 | $0 | $0 | ||
| Uchenna C Kwentoh | |||||||
| VP, Marketing & Strategic Comm | 45.00 | 0.00 | $149,700 | $0 | $24,395 | ||
| Reena Karani | |||||||
| Chair | 4.00 | 0.00 | Yes (X) | Yes (X) | $6,757 | $0 | $0 |
| Maya Hammoud | |||||||
| Director | 3.00 | 0.00 | Yes (X) | $6,608 | $0 | $0 | |
| Patricia A King | |||||||
| Director | 3.00 | 0.00 | Yes (X) | $5,306 | $0 | $0 | |
| David A Milling | |||||||
| Treasurer | 4.00 | 0.00 | Yes (X) | Yes (X) | $5,015 | $0 | $0 |
| Danny M Takanishi Jr | |||||||
| Director | 3.00 | 0.00 | Yes (X) | $3,000 | $0 | $0 | |
| Joshua D Nosanchuk | |||||||
| Director | 3.00 | 0.00 | Yes (X) | $2,503 | $0 | $0 | |
| Marie Foley | |||||||
| Vice Chair | 4.00 | 0.00 | Yes (X) | Yes (X) | $2,487 | $0 | $0 |
| Alfred F Tallia | |||||||
| Past Chair | 4.00 | 0.00 | Yes (X) | Yes (X) | $1,503 | $0 | $0 |
| Jon Thomas | |||||||
| Director | 3.00 | 0.00 | Yes (X) | $1,400 | $0 | $0 | |
| Suzanne T Anderson | |||||||
| Director | 3.00 | 0.00 | Yes (X) | $1,300 | $0 | $0 | |
| Zachary E Weismann | |||||||
| Director | 3.00 | 0.00 | Yes (X) | $1,300 | $0 | $0 | |
| Kamili A Wilson | |||||||
| Director | 3.00 | 0.00 | Yes (X) | $1,000 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,576,357 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $2,054,538 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 295 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Perkins Coie LLP | |||||
| Client Accounting PO Box 24643 | Seattle | WA | 98124 | Legal Services | $1,124,270 |
| Beacon Hill Staffing Group LLC | |||||
| 152 Bowdoin Street | Boston | MA | 02108 | Employment Services | $614,277 |
| 44 New England Management Company | |||||
| 210 West Rittenhouse Square | Philadelphia | PA | 19103 | Hotel Services | $547,509 |
| NGI Capital Inc | |||||
| 7200 80th Street Suite 030 | Cottage Grove | MN | 55016 | IT Consulting Services | $448,220 |
| UMT 360 LLC | |||||
| 10800 NE 8th Street Suite 210 | Bellevue | WA | 98004 | Software as a Service | $391,149 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 23 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| Custom Programs | $8,222,766 | $8,222,766 |
| Medical School Services | $43,126,536 | $43,126,536 |
| USMLE | $112,206,604 | $112,206,604 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $163,555,906 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,155,316 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,155,316 | RelatedOrExemptFuncIncomeAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $771,908 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $784,067 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$12,159 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$12,159 | TotalRevenueColumnAmt |
| Exclusion | -$12,159 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $54,301,382 | SecuritiesAmt |
| Other | $4,719,377 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $53,480,748 | SecuritiesAmt |
| Other | $3,079,718 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $820,634 | SecuritiesAmt |
| Other | $1,639,659 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,460,293 | TotalRevenueColumnAmt |
| Exclusion | $2,460,293 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $174,159,356 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $171,711,222 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $2,448,134 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,357,996 | TotalAmt |
| Program Services | $1,357,996 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,000 | TotalAmt |
| Program Services | $10,000 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,500 | TotalAmt |
| Program Services | $5,500 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,984,793 | TotalAmt |
| Program Services | $722,083 | ProgramServicesAmt |
| Management And General | $4,262,710 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,225,070 | TotalAmt |
| Program Services | $48,933,550 | ProgramServicesAmt |
| Management And General | $12,291,520 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,489,402 | TotalAmt |
| Program Services | $7,321,018 | ProgramServicesAmt |
| Management And General | $2,168,384 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,700,635 | TotalAmt |
| Program Services | $6,260,762 | ProgramServicesAmt |
| Management And General | $2,439,873 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,449,946 | TotalAmt |
| Program Services | $3,335,058 | ProgramServicesAmt |
| Management And General | $1,114,888 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,434,294 | TotalAmt |
| Management And General | $1,434,294 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $87,800 | TotalAmt |
| Management And General | $87,800 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $331,565 | TotalAmt |
| Management And General | $331,565 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,479,186 | TotalAmt |
| Program Services | $6,936,731 | ProgramServicesAmt |
| Management And General | $1,542,455 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,008 | TotalAmt |
| Management And General | $53,008 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $880,203 | TotalAmt |
| Program Services | $591,183 | ProgramServicesAmt |
| Management And General | $289,020 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,937,547 | TotalAmt |
| Program Services | $9,056,281 | ProgramServicesAmt |
| Management And General | $1,881,266 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,264,234 | TotalAmt |
| Program Services | $980,855 | ProgramServicesAmt |
| Management And General | $283,379 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $885,034 | TotalAmt |
| Program Services | $549,942 | ProgramServicesAmt |
| Management And General | $335,092 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,549,166 | TotalAmt |
| Program Services | $2,572,689 | ProgramServicesAmt |
| Management And General | $976,477 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $744,905 | TotalAmt |
| Program Services | $572,948 | ProgramServicesAmt |
| Management And General | $171,957 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $428,707 | TotalAmt |
| Program Services | $428,707 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,319,120 | TotalAmt |
| Program Services | $2,552,917 | ProgramServicesAmt |
| Management And General | $766,203 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $818,593 | TotalAmt |
| Program Services | $644,967 | ProgramServicesAmt |
| Management And General | $173,626 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Vendor Computer Delivery Fees | $33,904,134 | $33,904,134 | |
| Other Project/Admin | $2,388,218 | $1,627,316 | $760,902 |
| Credit Card Fees | $1,617,676 | $1,617,676 | |
| Clinical Skills Collaboration | $1,408,173 | $1,408,173 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $980,542 | TotalAmt |
| Program Services | $734,877 | ProgramServicesAmt |
| Management And General | $245,665 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,735,447 | TotalAmt |
| Program Services | $132,125,363 | ProgramServicesAmt |
| Management And General | $31,610,084 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,371,024 | BOYAmt |
| EOY | $22,293,240 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,194,690 | BOYAmt |
| EOY | $8,856,235 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,227,794 | BOYAmt |
| EOY | $11,176,381 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $121,419,106 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $76,072,554 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,603,861 | BOYAmt |
| EOY | $45,346,552 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $244,843,519 | BOYAmt |
| EOY | $272,555,746 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,715,561 | BOYAmt |
| EOY | $74,512,911 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,827,223 | BOYAmt |
| EOY | $10,103,459 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $408,783,672 | BOYAmt |
| EOY | $444,844,524 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,661,692 | BOYAmt |
| EOY | $16,254,006 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,747,593 | BOYAmt |
| EOY | $37,883,803 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,883,975 | BOYAmt |
| EOY | $25,175,208 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,839,555 | BOYAmt |
| EOY | $39,826,510 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,132,815 | BOYAmt |
| EOY | $119,139,527 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $283,650,857 | BOYAmt |
| EOY | $325,704,997 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $283,650,857 | BOYAmt |
| EOY | $325,704,997 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $408,783,672 | BOYAmt |
| EOY | $444,844,524 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $10,423,909 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $24,577,075 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $7,053,156 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $169,167,744 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $129,643,354 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $149,355,711 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $154,830,109 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $163,555,906 | CurrentTaxYearAmt |
| Total | $766,552,824 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $169,167,744 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $129,643,354 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $149,355,711 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $154,830,109 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $163,555,906 | CurrentTaxYearAmt |
| Total | $766,552,824 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $766,552,824 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,620,573 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,909,460 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,150,822 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,290,814 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,155,316 | CurrentTaxYearAmt |
| Total | $35,126,985 | TotalAmt |
Post1975 UBTI Post1975UBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,620,573 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,909,460 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,150,822 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,290,814 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,155,316 | CurrentTaxYearAmt |
| Total | $35,126,985 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $175,788,317 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $134,552,814 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $157,506,533 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $162,120,923 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $171,711,222 | CurrentTaxYearAmt |
| Total | $801,679,809 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.95620 | PublicSupportCY509Pct |
| Public Support PY509 | 0.95600 | PublicSupportPY509Pct |
| Investment Income CY | 0.04380 | InvestmentIncomeCYPct |
| Investment Income PY | 0.04400 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $100,054,949 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $10,950,596 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,066,904 | GrantsOrScholarshipsAmt |
| Other Expenditures | $755,187 | OtherExpendituresAmt |
| End Year Balance | $109,183,454 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $112,846,923 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$11,174,793 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $426,416 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,190,765 | OtherExpendituresAmt |
| End Year Balance | $100,054,949 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $40,468,581 | BeginningYearBalanceAmt |
| Contributions | $59,531,419 | ContributionsAmt |
| Investment Earnings Or Losses | $13,863,932 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $458,248 | GrantsOrScholarshipsAmt |
| Other Expenditures | $558,761 | OtherExpendituresAmt |
| End Year Balance | $112,846,923 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $36,396,935 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $4,585,319 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $417,143 | GrantsOrScholarshipsAmt |
| Other Expenditures | $96,530 | OtherExpendituresAmt |
| End Year Balance | $40,468,581 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,617,040 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $6,914,072 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $456,385 | GrantsOrScholarshipsAmt |
| Other Expenditures | $677,792 | OtherExpendituresAmt |
| End Year Balance | $36,396,935 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 1.00000 | BoardDesignatedBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | false | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $1,992,585 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $1,228,893 | OtherCostOrOtherBasisAmt |
| Book Value | $3,221,478 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $9,620,694 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $71,266,750 | OtherCostOrOtherBasisAmt |
| Depreciation | $42,281,028 | DepreciationAmt |
| Book Value | $38,606,416 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,852,728 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,944,021 | DepreciationAmt |
| Book Value | $908,707 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $29,703 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $27,427,753 | OtherCostOrOtherBasisAmt |
| Depreciation | $24,847,505 | DepreciationAmt |
| Book Value | $2,609,951 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $45,346,552 | TotalBookValueLandBuildingsAmt |
| Total Book Value Securities | $74,512,911 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| Accrued Pension Cost | $33,093,587 |
| Collaborations Payable | $175,537 |
| Deferred Compensation Plans | $6,389,258 |
| Finance Lease Obligation | $131,299 |
| Post-retirement Health Benefits Payable | $36,829 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $39,826,510 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: Intended uses of the endowment fund. | In 2021, NBME established a Philanthropy Fund in the amount of $100,000,000. This endowment fund and related philanthropic activities are intended to focus on protecting the health of the public by advancing assessment and medical education research to fortify licensing of health care professionals, driving equity, diversity and inclusion in medical and health professions by supporting learners who face socio-economic and other disadvantages and enabling initiatives that promote equity and inclusion in the profession and supporting the health of local communities. The Philanthropy Fund supports giving in the areas of medical education and research, learner supports, pathway programs and health equity. The Philanthropy Fund is included in NBMEs net assets without donor restrictions and is invested and professionally managed with the goal of providing investment returns over time to support annual grants or expenditures that meet the objectives of the fund. NBME has adopted a formal spending policy for the Philanthropy Fund. For years 2021-2023, disbursements from the fund will not exceed $5,000,000 annually. Beginning in 2024, the maximum funds to be disbursed from the Philanthropy Fund in any year will be equal to up to 5% of the trailing three-year average of the fund balance. |
| Part X : FIN48 Footnote | The Internal Revenue Service has classified NBME as exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC).U.S. GAAP requires management to evaluate tax positions taken and recognize a tax liability, if NBME has taken uncertain tax positions that more likely than not would not be sustained upon examination by a government authority. Management has analyzed the tax positions taken by NBME, and has concluded that as of December 31, 2023 and 2022, there were no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements. NBME recognizes accrued interest and penalties associated with uncertain tax positions, if any. There were no tax related interest or penalties recorded for either of the years ended December 31, 2023 or 2022. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Europe | 0 | 0 | Program Services | See Part V | $30,265 |
| North America | 0 | 0 | Program Services | See Part V | $20,069 |
| Cent Amer/Caribbean | 0 | 0 | Program Services | See Part V | $4,015 |
| South Asia | 0 | 0 | Program Services | See Part V | $91,843 |
| East Asia and the Pacific | 0 | 0 | Program Services | See Part V | $25,208 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Spent | $171,400 | SubtotalSpentAmt |
| Total Spent | $171,400 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Europe | RegionTxt |
| Purpose Of Grant | See Part V | PurposeOfGrantTxt |
| Cash Grant | $5,500 | CashGrantAmt |
| Manner Of Cash Disbursement | Wire | MannerOfCashDisbursementTxt |
| Valuation Method Used | Cash | ValuationMethodUsedDesc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Org | 1 | TotalOtherOrgCnt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | Yes (true) | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (29 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| Achieve Now | ||||||||
| 1735 Market St Suite A500 | Philadelphia | PA | 19103 | 383920150 | 501(c)(3) | $20,875 | $0 | Contribution - See Part IV |
| Albert Einstein College Med | ||||||||
| 1300 Morris Park Ave | Bronx | NY | 10461 | 830621846 | 501(c)(3) | $24,883 | $0 | Innovation Grant - See Part IV |
| Albright College | ||||||||
| PO Box 15234 | Reading | PA | 19612 | 231352615 | 501(c)(3) | $204,000 | $0 | Philanthropy Grant - See Part IV |
| Better Learning Experiences | ||||||||
| 392 Hilltop Road | Paoli | PA | 19301 | 861734570 | 501(c)(3) | $25,000 | $0 | Philanthropy Grant - See Part IV |
| Childrens Hospital of Phila | ||||||||
| 3104 Civic Center Blvd | Philadelphia | PA | 19104 | 231352166 | 501(c)(3) | $75,000 | $0 | Philanthropy Grant - See Part IV |
| Drexel Univ College of Med | ||||||||
| 3141 Chestnut Street | Philadelphia | PA | 19104 | 231352630 | 501(c)(3) | $75,000 | $0 | Contribution - See Part IV |
| Drexel University | ||||||||
| 3201 Arch Street Suite 420 | Philadelphia | PA | 19104 | 231352630 | 501(c)(3) | $100,000 | $0 | Philanthropy Grant - See Part IV |
| Duke Univ School of Med | ||||||||
| Grants and Contracts | Durham | NC | 27710 | 560532129 | 501(c)(3) | $25,000 | $0 | Philanthropy Grant - See Part IV |
| Foundation Morristown Med Cen | ||||||||
| 475 South Street | Morristown | NJ | 07960 | 223392808 | 501(c)(3) | $10,000 | $0 | Contribution - See Part IV |
| Health Career Collaborative | ||||||||
| 117 Crescent Avenue | Burlingame | CA | 94010 | 834263912 | 501(c)(3) | $5,181 | $0 | Contribution - See Part IV |
| Icahn School of Medicine | ||||||||
| 1 Gustave L Levy Place | New York | NY | 10029 | 136171197 | 501(c)(3) | $50,000 | $0 | Contribution - See Part IV |
| Maternity Care Coalition | ||||||||
| 3401 I Street Suite 407 | Philadelphia | PA | 19134 | 232200410 | 501(c)(3) | $20,000 | $0 | Philanthropy Grant - See Part IV |
| Maui Food Bank | ||||||||
| 760 Kolu Street | Wailuku | HI | 96793 | 990315110 | 501(c)(3) | $10,266 | $0 | Contribution - See Part IV |
| Medstar Health Research Inst | ||||||||
| 6525 Belcrest Road Suite 700 | Hyattsville | MD | 20782 | 526056274 | 501(c)(3) | $20,835 | $0 | Innovation Grant - See Part IV |
| Nat Center Improv Med Educ | ||||||||
| 31 Mount Vernon Street | Dover | NH | 03820 | 020501917 | 501(c)(3) | $6,000 | $0 | Contribution - See Part IV |
| National Academy of Sciences | ||||||||
| 500 5th Street NW Room 843 | Washington | DC | 20001 | 530196932 | 501(c)(3) | $20,000 | $0 | Contribution - See Part IV |
| National Center Civic Innov | ||||||||
| 121 Avenue of the Americas | New York | NY | 10013 | 020590588 | 501(c)(3) | $34,500 | $0 | Contribution - See Part IV |
| National Medical Fellowships | ||||||||
| 1199 North Fairfax Street | Alexandria | VA | 22314 | 010963657 | 501(c)(3) | $118,134 | $0 | Philanthropy Grant - See Part IV |
| Network Towards Unity | ||||||||
| 970 Sproul Road | Bryn Mawr | PA | 19010 | 815317497 | 501(c)(3) | $30,000 | $0 | Philanthropy Grant - See Part IV |
| Northeast Ohio Med Univ | ||||||||
| 4209 State Road 44 | Rootstown | OH | 44272 | 341131512 | 501(c)(3) | $25,000 | $0 | Innovation Grant - See Part IV |
| NYU Grossman SOM | ||||||||
| 726 Broadway | New York | NY | 10003 | 135562308 | 501(c)(3) | $75,000 | $0 | Stemmler Grant - See Part IV |
| Seattle Childrens Hospital | ||||||||
| PO Box 5371 | Seattle | WA | 98145 | 910564748 | 501(c)(3) | $75,133 | $0 | Stemmler Grant - See Part IV |
| Together for West Phila | ||||||||
| 302 Powell Road | Wynnewood | PA | 19096 | 831320384 | 501(c)(3) | $25,000 | $0 | Philanthropy Grant - See Part IV |
| UB Foundation Activities | ||||||||
| 955 Main Street | Buffalo | NY | 14023 | 161372561 | 501(c)(3) | $7,000 | $0 | Contribution - See Part IV |
| Univ City District | ||||||||
| 3940-42 Chestnut Street | Philadelphia | PA | 19104 | 232913784 | 501(c)(3) | $63,810 | $0 | Contribution-See Part IV |
| University of Illinois | ||||||||
| 28395 Network Place | Chicago | IL | 60673 | 376000511 | 501(c)(3) | $75,000 | $0 | Stemmler Grant - See Part IV |
| University of Michigan | ||||||||
| 420 Administration Building | Ann Arbor | MI | 48104 | 386006309 | 501(c)(3) | $76,000 | $0 | Stemmler Grant - See Part IV |
| Virginia Polytechnic Inst | ||||||||
| 300 Turner Street | Blacksburg | VA | 24061 | 546001805 | 501(c)(3) | $42,419 | $0 | Stemmler Grant - See Part IV |
| Women in Measurement Inc | ||||||||
| 211 Lakeshore Drive | Wayland | MA | 01778 | 853940541 | 501(c)(3) | $6,000 | $0 | Contribution - See Part IV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 29 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Hubbard Award | GrantTypeTxt |
| Recipient | 1 | RecipientCnt |
| Cash Grant | $10,000 | CashGrantAmt |
| Valuation Method Used | Cash | ValuationMethodUsedDesc |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Additional Supplemental Information | Form 990, Schedule I, Part II, Line 1a - GrantsThe purpose of the Stemmler grants is to provide support for research or development of innovative evaluation methodology or techniques, with the potential to advance assessment in medical education or practice at eligible medical schools. In 2023, six Stemmler grants totaling $369,552 were awarded to schools within the U.S.The purpose of the Innovation grants is to support research and development of new approaches and capabilities which advance assessment in medical education and medical practice. In 2023, three Innovation grants totaling $70,718 were awarded to schools within the U.S.The purpose of the Philanthropy grants is to drive equity, diversity and inclusion in medical and health professions by supporting learners who face socio-economic and other disadvantages and supporting the health of local communities. In 2023, nine Philanthropy grants totaling $626,634 were awarded to various organizations in the U.S.Contributions:NBME periodically makes contributions to organizations and/or community programs in order to assist in furthering the exempt purpose of those organizations. NBME also gives the Board of Directors Chair, Vice Chair and Treasurer the option of contributing their honoraria to their respective places of employment. The total amount of contributions made in 2023 was $291,092.Form 990, Schedule I, Part III, Line 1a - Hubbard AwardEstablished in 1984, The Hubbard Award recognizes individuals for their outstanding contributions to the pursuit of excellence in assessment in medical education. |
| Grantmaker's Description of How Grants are Used | NBME monitors the use of grant funds by requiring reports on grantees progress during the specified grant period. Grantees are required to sign a binding grant agreement which includes a narrative outlining the purpose of the funding award and outcomes, and requires the submission of either a final report or an interim and final report, depending on the grant program. Grantees submit a budget detailing proposed expenses which is included in the grant agreement. The final report includes a final project narrative and final project fiscal report, which are reviewed by the NBME project owner, Philanthropy Director and associated committees. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (18 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount |
|---|---|---|---|---|---|---|---|
| Alex J Mechaber | |||||||
| VP, USMLE | $386,650 | $3,308 | $52,671 | $2,527 | $445,156 | ||
| Andrew F Farella | |||||||
| SVP & CIO | $324,880 | $4,821 | $105,869 | $24,620 | $460,190 | $4,521 | |
| Antionette Crockrell | |||||||
| VP, Business Dev | $274,948 | $1,713 | $57,296 | $11,548 | $345,505 | ||
| Brian E Clauser | |||||||
| Dist Research Sci | $311,371 | $2,936 | $137,233 | $24,886 | $484,210 | $7,784 | |
| Christopher A Feddock | |||||||
| AVP, CBA | $391,533 | $2,788 | $46,494 | $10,100 | $450,915 | ||
| Elisa K Moll | |||||||
| VP, Strategy Management | $242,820 | -$5,965 | $42,778 | $30,145 | $309,778 | ||
| Janelle R Endres | |||||||
| VP, Human Resources | $258,630 | -$3,468 | $76,266 | $30,208 | $361,636 | ||
| John J Hinke Jr | |||||||
| SVP & CFO | $349,497 | -$4,260 | $173,021 | $31,535 | $549,793 | ||
| Kenneth W Ridgley | |||||||
| VP, Test Dev Srvs | $332,718 | -$5,214 | $46,566 | $31,351 | $405,421 | ||
| Linda M Gadsby | |||||||
| SVP, Gen Couns | $383,563 | $2,360 | $102,591 | $11,215 | $499,729 | ||
| Lisa M Rawding | |||||||
| SVP, Growth & Innovation | $183,344 | $183,344 | |||||
| Michael A Barone | |||||||
| VP, CBA | $417,427 | -$2,547 | $70,060 | $31,375 | $516,315 | ||
| Michael G Jodoin | |||||||
| SVP, C&P Mgmt | $386,650 | -$4,742 | $124,122 | $30,329 | $536,359 | ||
| Pamela L Treves | |||||||
| SVP, Growth | $340,600 | -$6,457 | $102,604 | $31,095 | $467,842 | ||
| Peter J Katsufrakis | |||||||
| President & CEO | $840,105 | $263,314 | $344,359 | $11,840 | $1,597,002 | $153,750 | $137,384 |
| Susan A Deitch | |||||||
| Secretary | $165,235 | $19,136 | $88,534 | $24,734 | $297,639 | $16,751 | |
| Uchenna C Kwentoh | |||||||
| VP, Marketing & Strategic Comm | $153,654 | -$3,954 | $3,525 | $20,870 | $174,095 | ||
| Ye Tong | |||||||
| SVP, Assessment | $383,724 | -$8,108 | $90,797 | $31,374 | $507,787 | $10,000 | |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a: Relevant information in regards to selections on 1a. | Travel PolicyNBME's Business Travel policy states that the most cost effective options available based on the traveler's requested itinerary should be made. First-class travel and travel for companions are not specifically authorized in the policy. In limited circumstances, certain NBME Officers and Key Employees may be permitted first-class travel if authorized by the President. First-class travel and companion travel for the President are included in the compensation package. The cost incurred for travel for companions is included in the employee's taxable earnings. |
| Part III, Additional Information | The amounts reflected on Schedule J, Column C Retirement and other deferred compensation include an estimate of the annual increase in the actuarial present value of each employees benefit to be received at retirement under NBMEs defined benefit plan. In addition, column C includes the amount contributed by NBME to an eligible employee's defined contribution plan, as well as earnings accrued under the Executive Deferred Compensation Plan where applicable. The amount in column C does not represent an actual cash payment to the employee during the year, but an estimate of the accrued benefit during the year to be received at a later date or at the time of retirement. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Phila Auth for Ind Dev | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 232237287 | BondIssuerEIN |
| CUSIP | 71781XBU6 | CUSIPNum |
| Bond Issued | 2016-08-17 | BondIssuedDt |
| Issue Price | $38,013,614 | IssuePriceAmt |
| Purpose | Refunding of 08/2008 Bonds | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $8,965,000 | RetiredAmt |
| Total Proceeds | $38,399,627 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $523,810 | IssuanceCostsFromProceedsAmt |
| Other Spent Proceeds | $37,875,817 | OtherSpentProceedsAmt |
| Refunding Tax Exempt Bonds | false | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | Yes (true) | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (true) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | Yes (true) | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | false | MgmtContractBondFincdPropInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.13500 | PrivateBusUseByOthersPct |
| Total Private Business Use | 0.13500 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | Yes (true) | ChangeInUseBondFinancedPropInd |
| Change In Use Bond Financed Prop | 0.13500 | ChangeInUseBondFinancedPropPct |
| Remedial Action Taken | false | RemedialActionTakenInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | false | RebateNotDueYetInd |
| Exception To Rebate | false | ExceptionToRebateInd |
| No Rebate Due | Yes (true) | NoRebateDueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
| Regulatory Safe Harbor Stsfd | false | RegulatorySafeHarborStsfdInd |
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | false | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (true) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part VI | FormAndLineReferenceDesc |
| Explanation | Part II, Line 3 - Total Proceeds of IssueThe total proceeds of issue listed in Part II, line 3 does not match the issue price in Part I, column (e) as a result of investment earnings associated with proceeds deposited in a refunding escrow account in conjunction with the advance refunding of the 2008A Series Bonds.Part III, Line 8 - In July 2023, NBME sold a parking garage that was purchased with a portion of the bond issuance. NBME is initiating remedial actions in accordance with IRS regulations. The proceeds from the sale of the bond-financed property are intended to be used for an alternate qualifying purpose, and Form 8038 will be filed to document this action.Part IV, Line 2, Column A - ArbitrageRebate computation was performed on 8/17/2021 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 4d | OTHER PROGRAM SERVICES 4: The Growth and Innovation unit includes the Office of Research which supports NBMEs research enterprise by coordinating NBMEs research efforts across the organization and ensuring that NBMEs research portfolio is consistent with institutional priorities. In addition to these defined programs of research and development, each program area and service unit is charged to carry on a program of research and development relevant to the work of the program or unit, for example, development of new item formats for USMLE, exploring relationships between prior measures and certifying exam performance for those we serve and developing new testing methods for those we serve. These research and development activities result in the publication of dozens of research reports in scientific journals and presentations at scientific meetings each year.The Office of Research is responsible for conducting research related to improving the quality and efficiency of NBME products, services, and procedures. It is also aimed at developing capabilities that allow NBME to expand its range of assessments both geographically and across the health professions. In addition to this work, the Office of Research provides non-routine technical support to other organizational divisions and subunits and conducts research to contribute to the field of measurement.This unit delivers information vital for planning strategy related to innovative assessments to meet stakeholder needs. They support conception and market testing of product ideas and the research to investigate and sustain products and services. |
| Form 990, Part VI, Section B, Line 11b | The Form 990 is reviewed by the NBME President, Chief Financial Officer, and General Counsel prior to filing the return with the Internal Revenue Service (IRS). The review is completed to ensure appropriate and complete disclosure. A copy of the Form 990 was provided to the NBME Board of Directors and Audit Committee members prior to filing the return with the IRS. |
| Form 990, Part VI, Section B, Line 12c | NBME has a written Fiduciary Duty and Conflict of Interest Statement for its Officers, Key Employees and Board of Directors Members. These individuals are required to review and sign the applicable policy annually. Submission of completed statements by Officers, Key Employees, and Board of Directors Members is enforced and annual disclosures of interests that could give rise to conflicts are monitored by the Secretary of the Board. Potential or real conflicts of interest are required to be reported to the Secretary of the Board or its President. If deemed appropriate, the party will be recused from the relevant proceedings. |
| Form 990, Part VI, Section B, Line 15b | To ensure NBME staff has the knowledge and skills necessary for the complex and changing environment of medical professional assessment, NBME uses a compensation evaluation process that is updated annually, reflects sound external practices, and governed by Board of Directors evaluation and approval. A Compensation Survey of Peer Organizations is conducted by an outside independent compensation consulting firm periodically, and recommendations are provided to NBME Human Resources and the Compensation Subcommittee of the NBME Board of Directors. The most recent survey was conducted in 2021. The recommendations, along with the results of a detailed annual CEO Evaluation of Performance report by the CEO Evaluation Subcommittee of the Board of Directors, are used by the Compensation Subcommittee to determine and approve CEO compensation. Compensation of officer employees and key employees is reviewed and approved annually by the Compensation Subcommittee. Compensation of non-employee officers is reviewed and approved annually by the Board of Directors with interested officers recused. |
| Form 990, Part VI, Section C, Line 19 | NBME governing documents, Conflict of Interest Policy, and financial statements are available upon request to the NBME Secretary of the Board. |
| Form 990, Part XI, Line 9 | Excise Tax = -$57295 |
| Form 990, Part XI, Line 9 | Loss on Asset Retirement = -$6245 |
| Form 990, Part XI, Line 9 | NBHWC Equity Pickup = $5222 |
| Form 990, Part XI, Line 9 | Pension-related Changes other than Net Periodic Pension Cost = $7102298 |
| Form 990, Part XI, Line 9 | Post-retirement Plan Health Benefits Payable Adjustment = $26335 |
| Form 990, Part XI, Line 9 | Settlement = -$17159 |
| Statement Note 1 | Note 1 - Form 990 Part I, line 6 - VolunteersNBME utilizes an extensive network of volunteers, many of whom are medical school faculty members and practicing physicians, to accomplish its mission. These volunteers contribute the highest levels of expertise in their profession to a range of activities including test development and governance. They receive a small honorarium in recognition of their service.Note 2 - Form 990 Part VI, line 1b - The President of NBME is an ex officio member of the NBME Board of Directors. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NBHWC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 16307 | AddressLine1Txt |
| City | San Diego | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92176 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 815064011 | EIN |
| Primary Activities | Health & Wellness Coaching | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(6) | ExemptCodeSectionTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Computer-Based Testing & Learning Corp | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3750 Market Street | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232447706 | EIN |
| Primary Activities | Comp-based Testing | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NBME | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C Corp | EntityTypeTxt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NBHWC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | r | TransactionTypeTxt |
| Involved | $490,085 | InvolvedAmt |