2025-10-12T11:56:25-05:00 2024-12-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2024-01-01 630946217 FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY FEDE 7032993100 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 DAVID SIGMAN CFO 7032993100 2025-09-23 1 0 MONIQUE BOOKER P00644231 4105840060 2024 2025-03-06 01:10:19Z DAVID SIGMAN 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 27531554 0 X WWW.FSBPT.ORG X 1987 DE PROVIDE PUBLIC PROTECTION THROUGH LAWS & REGULATORY STANDARDS IN PHYSICAL THERAPY (SEE SCH O) BY USE OF SYSTEMS THAT ASSESS ENTRY-LEVEL AND CONTINUING COMPETENCE. 8 8 56 311 0 0 0 0 20059564 19874557 2597075 1964193 699720 5692804 23356359 27531554 10745497 5319772 0 0 8566956 9490569 0 0 0 5735201 6450783 25047654 21261124 -1691295 6270430 62073993 104480010 15640918 12107977 46433075 92372033 X OUR MISSION: TO PROTECT THE PUBLIC BY PROVIDING SERVICE AND LEADERSHIP THAT PROMOTE SAFE AND COMPETENT PHYSICAL THERAPY PRACTICE.OUR VISION: TO ACHIEVE A HIGH LEVEL OF PUBLIC PROTECTION THROUGH A STRONG FOUNDATION OF LAWS AND REGULATORY STANDARDS IN (SEE SCH O) PHYSICAL THERAPY BY USE OF EFFECTIVE TOOLS AND SYSTEMS TO ASSESS ENTRY-LEVEL AND CONTINUING COMPETENCE, AND PUBLIC AND PROFESSIONAL AWARENESS OF RESOURCES FOR PUBLIC PROTECTION. 0 0 19749207 THE FEDERATION DEVELOPS AND ADMINISTERS EXAMS USED BY JURISDICTION LICENSING AUTHORITIES FOR PHYSICAL THERAPISTS AND PHYSICAL THERAPIST ASSISTANTS. IN 2024, APPROXIMATELY 26,000 LICENSURE EXAMS AND 29,000 PRACTICE EXAMS WERE PROVIDED TO CANDIDATES. THE FEDERATION MAINTAINS A DATABASE OF DISCIPLINARY ACTIONS TAKEN BY JURISDICTION LICENSING AUTHORITIES WITH RESPECT TO PHYSICAL THERAPISTS AND PHYSICAL THERAPIST ASSISTANTS. SUCH INFORMATION IS PROVIDED TO JURISDICTION LICENSING AUTHORITIES WHO CURRENTLY LICENSE OR ARECONSIDERING LICENSURE OF A CANDIDATE. THIS EXPENSE CATEGORY ALSO INCLUDES INFORMATION SERVICES SUPPORT FOR OTHER PROGRAM AREAS, SUCH AS EXAM ADMINISTRATION, JURISPRUDENCE, AND CONTINUING COMPETENCE. THE FEDERATION ADMINISTERS JURISPRUDENCE EXAMS ON BEHALF OF ITS MEMBERS. THESE EXAMS ARE REQUIRED BY THE JURISDICTION LICENSING AUTHORITIES. IN 2024, APPROXIMATELY 48,732 JURISPRUDENCE EXAMS WERE PROVIDED TO CANDIDATES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 139 0 1 56 1 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 7032993100 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 RUGGIERO CANIZARES TREASURER (THRU 10/31/24) 5.00 0.50 X X 6667 0 0 STEPHEN CURLEY SECRETARY (EFF 11/1/24) 5.00 0.50 X X 1333 0 0 ELLEN DONALD DIRECTOR (THRU 10/31/24) 5.00 0.50 X 6667 0 0 CRAIG MILLE DIRECTOR (EFF 11/1/24) 5.00 0.50 X 1333 0 0 CINDY POTTER SECRETARY (THRU 10/31/24) 5.00 0.50 X X 6667 0 0 CHARLES REITER PUBLIC MEMBER 5.00 0.50 X 8000 0 0 DAVID RELLING PRESIDENT 10.00 0.50 X X 16000 0 0 STEVEN SCHERGER DIRECTOR (THRU 10/31/24)/TREASURER (EFF 11/1/24) 5.00 0.50 X 8000 0 0 MICHELLE SIGMUND-GAINES DIRECTOR 5.00 0.50 X 8000 0 0 MICHELE THORMAN VICE PRESIDENT 5.00 0.50 X X 8000 0 0 KRISTA WOLFE DIRECTOR (EFF 11/1/24) 5.00 0.50 X 1333 0 0 WILLIAM HATHERILL CEO 40.00 5.50 X 966651 0 292920 DAVID SIGMAN CFO (EFF 9/16/24) 40.00 5.50 X 89000 0 11423 SUSAN NEWMAN COO 40.00 5.50 X 412178 0 122574 RICHARD WOOLF CHIEF PROFESSIONAL OFFICER 40.00 0.00 X 295514 0 136474 LORIN MUELLER MANAGING DIR-ASSESSMENT 40.00 0.00 X 282717 0 126776 CHRISTINE SOUSA MANAGING DIR-EXAM SVCS 40.00 0.00 X 222373 0 42590 FRANK SCHNEIDER MANAGING DIR-INFO SYSTEMS 40.00 0.00 X 247874 0 34377 BRANDON ROGERS ASST DIR-INFO SYSTEMS 40.00 0.00 X 208150 0 34273 YU ZHANG MANAGER - PSYCHOMETRICS 40.00 0.00 X 201734 0 40917 LINDA MICHELSEN CFO (THRU 8/16/2024) 40.00 5.50 X 255672 0 46997 3253863 0 889321 9 1 1 0 HYATT 150 NORTH RIVERSIDE PLAZA CHICAGO IL 60606 TRAVEL SERVICES 452175 DESIGNDATA 610 PROFESSIONAL DRIVE 102 GAITHERSBURG MD 20879 IT SERVICES 418425 TRAVEL LEADERS 3033 CAMPUS DR W320 PLYMOUTH MN 55441 TRAVEL SERVICES 304361 BAKER & MCKENZIE LLP 815 CONNECTICUT AVE NW WASHINGTON DC 20006 LEGAL SERVICES 269229 PROMETRIC PO BOX 223608 PITTSBURGH PA 15251 TESTING SERVICES 257988 12 EXAMINATION FEES 900099 12601115 12601115 PEAT 900099 2636681 2636681 JAM 900099 1941625 1941625 SCORE TRANSFER SERVICE 900099 1222016 1222016 PREFORMANCE FEEDBACK R 900099 433151 433151 1039969 1039969 19874557 1964193 1964193 EQUITY IN AFFILIATES 900099 5092885 5092885 RELATED ENTITY MANAGEM 900099 586903 586903 MISCELLANEOUS REVENUE 900099 13016 13016 5692804 27531554 24967442 0 2564112 5319772 3253865 3755952 1206413 618990 655349 307927 57266 40000 753873 9181 327049 1052222 672294 1049291 609997 559985 104812 STAFFING EXPENSES 306490 OTHER EXPENSES 285913 TESTING ACOMMODATIONS 245001 BOARD EXPENSES 44437 25045 21261124 145 145 13474119 6202595 66900 82789 716408 896645 22671780 20699846 2354382 1971934 35471416 44802043 9667036 50418069 323587 105790 62073993 104480010 11311035 7104828 2483562 2732504 1846321 2270645 15640918 12107977 X 46433075 92372033 46433075 92372033 62073993 104480010 X 6270430 4010380 35658148 0 X 0 1 X 1 0 1581769 616550 965219 2639947 2388307 251640 18450064 17694989 755075 1971934 INVESTMENTS IN AFFILIATES 50418069 C 50418069 DEFERRED COMPENSATION 2270645 2270645 X 31501934 4010380 4010380 27491554 40000 40000 27531554 21221124 0 21221124 40000 40000 21261124 PART X, LINE 2: THE PROVISIONS INCLUDED IN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FEDERATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2024, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2021 THROUGH 2024 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION. IT IS THE FEDERATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. 0 HEALTHCARE REGULATORY RESEARCH INSTITUTE 124 WEST STREET SOUTH 3RD FLO ALEXANDRIA VA 22314 611848085 503(C)3 5290484 0 CONTRIBUTION PT COMPACT 124 WEST STREET SOUTH 3RD FLO ALEXANDRIA VA 22314 611844599 501(C)6 26788 0 GRANTS TO VARIOUS JURISDICTIONS X X X X 0 1 0 WILLIAM HATHERILL CEO 631572 0 300954 0 34125 0 245752 0 47168 0 1259571 0 75000 0 SUSAN NEWMAN COO 348758 0 53405 0 10015 0 104523 0 18051 0 534752 0 0 0 RICHARD WOOLF CHIEF PROFESSIONAL OFFICER 261501 0 31691 0 2322 0 97874 0 38600 0 431988 0 0 0 LORIN MUELLER MANAGING DIR-ASSESSMENT 260721 0 20754 0 1242 0 79705 0 47071 0 409493 0 0 0 LINDA MICHELSEN CFO (THRU 8/16/2024) 211757 0 36641 0 7274 0 35470 0 11527 0 302669 0 0 0 FRANK SCHNEIDER MANAGING DIR-INFO SYSTEMS 228532 0 17020 0 2322 0 34377 0 0 0 282251 0 0 0 CHRISTINE SOUSA MANAGING DIR-EXAM SVCS 205497 0 15634 0 1242 0 31427 0 11163 0 264963 0 0 0 YU ZHANG MANAGER - PSYCHOMETRICS 199412 0 0 0 2322 0 28498 0 12419 0 242651 0 0 0 BRANDON ROGERS ASST DIR-INFO SYSTEMS 207340 0 0 0 810 0 29540 0 4733 0 242423 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED 457(F) PLAN OFFERED BY A RELATED ENTITY: WILLIAM HATHERILL - $60,632 ALL INDIVIDUALS ARE EMPLOYED BY THE RELATED ENTITY, FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED FOR STAGGERED THREE YEAR TERMS BY MEMBERS OF THE 53 LICENSING JURISDICTIONS AT ANNUAL MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT THIRD PARTY WITH THE ASSISTANCE OF THE ORGANIZATION'S CFO. ONCE COMPLETE, IT IS THOROUGHLY REVIEWED BY THE CFO AND COPIES ARE PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY AND THE ORGANIZATION'S CFO IS RESPONSIBLE FOR TRACKING TRANSACTIONS DURING THE YEAR TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION UTILIZES THE SERVICES OF AN INDEPENDENT THIRD PARTY TO REVIEW AND ADVISE ON THE SALARY ADMINISTRATION PROGRAM. THIS INVOLVES GENERATING A DETAILED SURVEY OF POSITIONS THAT ARE COMPARABLE TO THE ORGANIZATION'S BASED ON JOB DESCRIPTION, SIZE AND GEOGRAPHIC LOCATION. THE INFORMATION FROM THE SURVEY IS USED TO ESTABLISH PAY RANGES BY POSITION. THE STUDY RESULTS ARE APPROVED BY THE BOARD OF DIRECTORS. BY POLICY, THE SALARY RANGES MUST BE FOLLOWED. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR ESTABLISHING THE ANNUAL SALARY OF THE CEO BASED ON THE GUIDELINES PREVIOUSLY DESCRIBED. ANY BONUSES FOR THE CEO OR OTHER SENIOR STAFF ARE APPROVED BY THE BOARD OF DIRECTORS. THE CEO IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF OTHER OFFICERS AND SENIOR STAFF, SUBJECT TO THE GUIDELINES PREVIOUSLY DESCRIBED. FORM 990, PART VI, SECTION C, LINE 19 ONLY INFORMATION CONTAINED IN THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 8: AN OPENING BALANCE ADJUSTING ENTRY WAS BOOKED TO TRUE UP THE VALUE IN FSBPT'S INVESTMENT IN AFFILIATED ENTITIES (FCCPT, HRRI, AND KING-WEST) IN ORDER TO AGREE TO THE CONSOLIDATING SCHEDULE IN THE AUDITED FINANCIAL STATEMENTS. KING-WEST PROPERTIES INC 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 205211100 OFFICE BLDG RENTAL VA 501(C)(2) FSBPT 0 FOREIGN CREDENTIALING COMMISSION ON PHYSICAL THERAPY 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 541907410 REVIEWING FOREIGN CREDENTIALS FOR PHYSICAL THERAPY APPLICANTS DE 501(C)(6) FSBPT 0 HEALTHCARE REGULATORY RESEARCH INSTITUTE 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 611848085 RESEARCH AND ENHANCE HEALTHCARE REGULATION DE 501(C)(3) 12A FSBPT 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 KING WEST PROPERTIES K 676108 MARKET RENTAL RATES FOREIGN CREDENTIALING COMMISSION ON PHYSICAL THERAPY L 532685 10% OF REVENUE PLUS CALL CTR ADJ FOREIGN CREDENTIALING COMMISSION ON PHYSICAL THERAPY Q 1167452 REIMBURSEMENT OF PAYROLL EXPENSES KING WEST PROPERTIES P 18886 EXPENSE REIMBURSEMENT HRRI B 5290484 CASH AMOUNT HRRI P 48071 EXPENSE REIMBURSEMENT