﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2009v1.7">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-03-14T13:50:10-05:00</Timestamp>
    <TaxPeriodEndDate>2010-04-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>LARSONALLEN LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>220 SOUTH SIXTH STREET SUITE 300</AddressLine1>
        <City>MINNEAPOLIS</City>
        <State>MN</State>
        <ZIPCode>55402</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2009-05-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>751092490</EIN>
      <Name>
        <BusinessNameLine1>the FEDERATION OF STATE MEDICAL BOARDS</BusinessNameLine1>
        <BusinessNameLine2>of THE UNITED STATES INC</BusinessNameLine2>
      </Name>
      <NameControl>FEDE</NameControl>
      <Phone>8178684000</Phone>
      <USAddress>
        <AddressLine1>400 FULLER WISER ROAD No 300</AddressLine1>
        <City>EULESS</City>
        <State>TX</State>
        <ZIPCode>76039</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>HUMAYUN J CHAUDHRY</Name>
      <Title>PRESIDENT/CEO/SECRETARY</Title>
      <Phone>8178684000</Phone>
      <DateSigned>2011-03-11</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Phone>6123764500</Phone>
    </Preparer>
    <TaxYear>2009</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990 documentId="RetDoc1038000001" referenceDocumentId="RetDoc1044400001">
      <AddressChange>X</AddressChange>
      <NameOfPrincipalOfficerPerson>HUMAYUN J CHAUDHRY</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>400 FULLER WISER ROAD No 300</AddressLine1>
        <City>EULESS</City>
        <State>TX</State>
        <ZIPCode>76039</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>48787904</GrossReceipts>
      <GroupReturnForAffiliates>0</GroupReturnForAffiliates>
      <Organization501c typeOf501cOrganization="6">X</Organization501c>
      <WebSite>WWW.FSMB.ORG</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1966</YearFormation>
      <StateLegalDomicile>NE</StateLegalDomicile>
      <ActivityOrMissionDescription>LEADER IN MEDICAL REGULATION, SERVING AS AN INNOVATIVE CATALYST FOR EFFECTIVE POLICY AND STANDARDS</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>15</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>13</NbrIndependentVotingMembers>
      <TotalNbrEmployees>195</TotalNbrEmployees>
      <TotalNbrVolunteers>4</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>0</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>145175</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>202367</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>32738689</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>37119756</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>-655638</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>249311</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>-104491</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>221898</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>32123735</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>37793332</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>1500000</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>1000000</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>12294609</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>12637061</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>0</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>0</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>21504660</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>26570281</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>35299269</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>40207342</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>-3175534</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>-2414010</RevenuesLessExpensesCY>
      <TotalAssetsBOY>26392949</TotalAssetsBOY>
      <TotalAssetsEOY>28054874</TotalAssetsEOY>
      <TotalLiabilitiesBOY>12130758</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>13152533</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>14262191</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>14902341</NetAssetsOrFundBalancesEOY>
      <MissionDescription>FSMB leads by promoting excellence in medical practice, licensure, and regulation as the national resource and voice on behalf of state medical boards in their protection of the public.</MissionDescription>
      <SignificantNewProgramServices>0</SignificantNewProgramServices>
      <SignificantChange>0</SignificantChange>
      <Description>SPECIAL PURPOSE EXAMINATION (SPEX) AND UNITED STATES MEDICAL LICENSING EXAMINATION (USMLE):TO DEVISE, FORMULATE AND MAKE AVAILABLE TO MEMBER MEDICAL BOARDS, A UNIFORM, HIGH QUALITY EXAMINATION FOR MEDICAL LICENSURE ALONG WITH ADMINISTERING THE EXAMS. 292 EXAMINEES SAT FOR THE SPEX AND 29,104 EXAMINEES SAT FOR STEP THREE OF USMLE. APPROXIMATELY 293 EXAM COMPONENTS WERE RESCORED.</Description>
      <Activity2>
        <Description>FEDERAL JOURNAL:EDITING, PRINTING AND DISTRIBUTING QUARTERLY JOURNAL CONTAINING ARTICLES PERTINENT TO THE MEDICAL PROFESSION. APPROXIMATELY 3,200 JOURNALS ARE DISTRIBUTED QUARTERLY TO DOCTORS, NEWS SERVICES AND THE BOARD OF HEALTH.</Description>
      </Activity2>
      <Activity3>
        <Description>DISCIPLINARY SEARCH:SEARCHING THE DATA BANK FOR DISCIPLINARY ACTIONS TAKEN AGAINST PHYSICIANS. APPROXIMATELY 236,610 ELECTRONIC DOCTOR DATA SEARCHES AND/OR DISCIPLINARY SEARCHES WERE MADE DURING THE YEAR.</Description>
      </Activity3>
      <DescribedIn501C3>0</DescribedIn501C3>
      <ScheduleBRequired>0</ScheduleBRequired>
      <PoliticalActivities>0</PoliticalActivities>
      <SubjectToProxyTax>0</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="RetDoc1040000001">0</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="RetDoc1040000001">0</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="RetDoc1040000001">0</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="RetDoc1040000001">0</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="RetDoc1040000001">0</TermOrPermanentEndowments>
      <BalanceSheetAmountsReported referenceDocumentId="RetDoc1040000001">1</BalanceSheetAmountsReported>
      <IndependentAuditFinancialStmt referenceDocumentId="RetDoc1040000001">0</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc1040000001">1</ConsolidatedAuditFinancialStmt>
      <School>0</School>
      <ForeignOffice>0</ForeignOffice>
      <ForeignActivities>0</ForeignActivities>
      <MoreThan5000KToOrganizations>0</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>0</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>0</ProfessionalFundraising>
      <FundraisingActivities>0</FundraisingActivities>
      <Gaming>0</Gaming>
      <Hospital>0</Hospital>
      <GrantsToOrganizations referenceDocumentId="RetDoc1041900001">1</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="RetDoc1041900001">0</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="RetDoc1042400001">1</ScheduleJRequired>
      <TaxExemptBonds>0</TaxExemptBonds>
      <LoanToOfficerOrDQP>0</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>0</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>0</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>0</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>0</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>0</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>0</DeductibleContributionsOfArt>
      <Terminated>0</Terminated>
      <PartialLiquidation>0</PartialLiquidation>
      <DisregardedEntity referenceDocumentId="RetDoc1043400001">0</DisregardedEntity>
      <RelatedEntity referenceDocumentId="RetDoc1043400001">1</RelatedEntity>
      <RelatedOrgControlledEntity referenceDocumentId="RetDoc1043400001">1</RelatedOrgControlledEntity>
      <ActivitiesConductedPartnership referenceDocumentId="RetDoc1043400001">0</ActivitiesConductedPartnership>
      <ScheduleORequired>1</ScheduleORequired>
      <NumberFormsTransmittedWith1096>55</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>1</ComplianceWithBackupWitholding>
      <NumberOfEmployees>195</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>1</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>0</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>0</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>0</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>0</TaxablePartyNotification>
      <NonDeductibleContributions>0</NonDeductibleContributions>
      <NbrVotingGoverningBodyMembers>15</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>13</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>0</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>0</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>0</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>0</MaterialDiversionOrMisuse>
      <MembersOrStockholders>1</MembersOrStockholders>
      <ElectionOfBoardMembers>1</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>1</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>1</MinutesOfGoverningBody>
      <MinutesOfCommittees>1</MinutesOfCommittees>
      <OfficerMailingAddress>0</OfficerMailingAddress>
      <LocalChapters>0</LocalChapters>
      <Form990ProvidedToGoverningBody>1</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>1</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>1</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>1</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>1</WhistleblowerPolicy>
      <DocumentRetentionPolicy>1</DocumentRetentionPolicy>
      <CompensationProcessCEO>1</CompensationProcessCEO>
      <CompensationProcessOther>1</CompensationProcessOther>
      <InvestmentInJointVenture>0</InvestmentInJointVenture>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NameBusiness>
          <BusinessNameLine1>MR RANDY MCCULLOGH</BusinessNameLine1>
        </NameBusiness>
        <TelephoneNumber>8178684000</TelephoneNumber>
        <AddressUS>
          <AddressLine1>400 FULLER WISER ROAD No 300</AddressLine1>
          <City>EULESS</City>
          <State>TX</State>
          <ZIPCode>76039</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>MARTIN CRANE MD</NamePerson>
        <Title>CHAIR</Title>
        <AverageHoursPerWeek>20.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>54137</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>FREDA M BUSH</NamePerson>
        <Title>CHAIR-ELECT</Title>
        <AverageHoursPerWeek>20.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>23813</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JAMES M ANDRIOLE DO</NamePerson>
        <Title>TREASURER</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>REGINA BENJAMIN MD</NamePerson>
        <Title>IMMEDIATE PAST CHAIR</Title>
        <AverageHoursPerWeek>10.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>32500</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>HEDY L CHANG</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>863</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LESLIE A GALLANT</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>6927</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CURTIS HARRIS MD JD M</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>2516</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>GALICANO INGUITO MD</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>1422</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TIMOTHY J KOWALSKI DO</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>2947</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RAM KRISHNA MD</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>1613</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KIM EDWARD LEBLANC MD</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>3164</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BRUCE MCINTYRE</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>11972</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LARRY MCPHERSON JR ESQ</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>993</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TULLY C PATROWICZ MD</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>4762</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JANELLE A PHYNE MD FA</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LANCE S TALMAGE MD</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>3990</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JON THOMAS MD</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>2592</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CHERYL A VAUGHT JD</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BARBARA SCHNEIDMAN</NamePerson>
        <Title>INTERIM PRESIDENT/CEO/SECRETARY</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>443783</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>35792</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>HUMAYUN J CHAUDHRY DO</NamePerson>
        <Title>PRESIDENT/CEO/SECRETARY</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>126809</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>4156</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TODD PHILLIPS</NamePerson>
        <Title>CFO</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CAROL A CLOTHIER</NamePerson>
        <Title>SR. VICE PRESIDENT</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <KeyEmployee>X</KeyEmployee>
        <ReportableCompFromOrganization>200573</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>29207</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LISA A ROBIN</NamePerson>
        <Title>SR. VICE PRESIDENT</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <KeyEmployee>X</KeyEmployee>
        <ReportableCompFromOrganization>186678</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>34247</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RITA HOU-MOHSIN</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>172705</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>32140</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DAVID JOHNSON</NamePerson>
        <Title>VICE PRESIDENT</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>136025</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>26059</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CYNID STREUN</NamePerson>
        <Title>IT MANAGER</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>163989</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>30817</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TIM MILLER</NamePerson>
        <Title>SR. DIR. OF LEGISLATIVE SERVICES</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>126263</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>25098</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RANDY MCCULLOUGH</NamePerson>
        <Title>SR. DIR OF FINANCE</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>157386</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>29591</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JAMES THOMPSON</NamePerson>
        <Title>FORMER PRESIDENT/CEO/SCERETARY</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Former>X</Former>
        <ReportableCompFromOrganization>375000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>2243422</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>247107</TotalOtherCompensation>
      <NumberIndividualsGT100K>12</NumberIndividualsGT100K>
      <FormersListed>1</FormersListed>
      <TotalCompGT150K>1</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>SOGETI USA LLC</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 633470</AddressLine1>
            <City>CINCINNATI</City>
            <State>OH</State>
            <ZIPCode>45263</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>SOFTWARE DEVELOPMENT</DescriptionOfServices>
        <Compensation>1601613</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>PRIME POLICY GROUP</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 933169</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>31193</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>LOBBYING</DescriptionOfServices>
        <Compensation>221222</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>INFORMATICA</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 49085</AddressLine1>
            <City>SAN JOSE</City>
            <State>CA</State>
            <ZIPCode>95161</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>CONSULTING/ TRAINING</DescriptionOfServices>
        <Compensation>186560</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>TXU ELECTRIC</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 605638</AddressLine1>
            <City>DALLAS</City>
            <State>TX</State>
            <ZIPCode>75265</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>ELECTRICITY</DescriptionOfServices>
        <Compensation>164518</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>SANDRA WATERS</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>1016 COLFAX</AddressLine1>
            <City>EVANSTON</City>
            <State>IL</State>
            <ZIPCode>60201</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>CONSULTING</DescriptionOfServices>
        <Compensation>163400</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>7</NumberOfContractorsGT100K>
      <AllOtherContributions>202367</AllOtherContributions>
      <TotalContributions>202367</TotalContributions>
      <ProgramServiceRevenue>
        <Description>EXAMINATION REVENUE</Description>
        <BusinessCode>541900</BusinessCode>
        <TotalRevenueColumn>24634930</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>24634930</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>FCVS REVENUE</Description>
        <BusinessCode>541900</BusinessCode>
        <TotalRevenueColumn>6753037</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>6753037</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>EXAMINATION HISTORY RE</Description>
        <BusinessCode>541900</BusinessCode>
        <TotalRevenueColumn>3754336</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>3754336</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>BOARD ACTION REVIEW</Description>
        <BusinessCode>541900</BusinessCode>
        <TotalRevenueColumn>1576917</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1576917</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>REGISTRATION FEES</Description>
        <BusinessCode>541900</BusinessCode>
        <TotalRevenueColumn>198423</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>198423</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalOthProgramServiceRevenue>
        <TotalRevenueColumn>202113</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>202113</RelatedOrExemptFunctionIncome>
      </TotalOthProgramServiceRevenue>
      <TotalProgramServiceRevenue>37119756</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>628045</TotalRevenueColumn>
        <ExclusionAmount>628045</ExclusionAmount>
      </InvestmentIncome>
      <GrossRents>
        <Real>125108</Real>
      </GrossRents>
      <LessRentalExpenses>
        <Real>102455</Real>
      </LessRentalExpenses>
      <RentalIncomeOrLoss>
        <Real>22653</Real>
      </RentalIncomeOrLoss>
      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>22653</TotalRevenueColumn>
        <ExclusionAmount>22653</ExclusionAmount>
      </NetRentalIncomeOrLoss>
      <GrossAmountSalesAssets>
        <Securities>10513143</Securities>
        <Other>240</Other>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>10892117</Securities>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>-378974</Securities>
        <Other>240</Other>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>-378734</TotalRevenueColumn>
        <ExclusionAmount>-378734</ExclusionAmount>
      </NetGainOrLossInvestments>
      <OtherRevenueMisc>
        <Description>MISC. revenue</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>134186</TotalRevenueColumn>
        <ExclusionAmount>134186</ExclusionAmount>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>SHIPPING AND HANDLING</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>65059</TotalRevenueColumn>
        <ExclusionAmount>65059</ExclusionAmount>
      </OtherRevenueMisc>
      <TotalOtherRevenue>199245</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>37793332</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>37119756</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>471209</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>1000000</Total>
      </GrantsToDomesticOrgs>
      <CompCurrentOfficersDirectors>
        <Total>1179893</Total>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>8679730</Total>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>1055117</Total>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>1039285</Total>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>683036</Total>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>272271</Total>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>37165</Total>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>221222</Total>
      </FeesForServicesLobbying>
      <FeesForServicesOther>
        <Total>1406752</Total>
      </FeesForServicesOther>
      <OfficeExpenses>
        <Total>2750559</Total>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>676898</Total>
      </InformationTechnology>
      <Occupancy>
        <Total>451087</Total>
      </Occupancy>
      <Travel>
        <Total>2444941</Total>
      </Travel>
      <DepreciationDepletion>
        <Total>932988</Total>
      </DepreciationDepletion>
      <OtherExpenses>
        <Description>USMLE &amp; PLAS TRANSFER F</Description>
        <Total>17376398</Total>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>40207342</Total>
      </TotalFunctionalExpenses>
      <SavingsAndTempCashInvestments>
        <BOY>2248548</BOY>
        <EOY>2199412</EOY>
      </SavingsAndTempCashInvestments>
      <AccountsReceivable>
        <BOY>762049</BOY>
        <EOY>795622</EOY>
      </AccountsReceivable>
      <PrepaidExpensesDeferredCharges>
        <BOY>681425</BOY>
        <EOY>499753</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>27144686</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>20804775</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>4802222</BOY>
        <EOY>6339911</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>2735934</BOY>
        <EOY>7296006</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <BOY>7294145</BOY>
        <EOY>10869395</EOY>
      </InvestmentsOtherSecurities>
      <OtherAssetsTotal>
        <BOY>7868626</BOY>
        <EOY>54775</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>26392949</BOY>
        <EOY>28054874</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>1518005</BOY>
        <EOY>4163437</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>10123480</BOY>
        <EOY>8487524</EOY>
      </DeferredRevenue>
      <OtherLiabilities>
        <BOY>489273</BOY>
        <EOY>501572</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>12130758</BOY>
        <EOY>13152533</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>14262191</BOY>
        <EOY>14902341</EOY>
      </UnrestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>14262191</BOY>
        <EOY>14902341</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>26392949</BOY>
        <EOY>28054874</EOY>
      </TotalLiabNetAssetsFundBalances>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <Land>
        <OtherCostOrOtherBasis>690151</OtherCostOrOtherBasis>
        <BookValue>690151</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>3796719</OtherCostOrOtherBasis>
        <Depreciation>1316158</Depreciation>
        <BookValue>2480561</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>1880331</OtherCostOrOtherBasis>
        <Depreciation>1530627</Depreciation>
        <BookValue>349704</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>20777485</OtherCostOrOtherBasis>
        <Depreciation>17957990</Depreciation>
        <BookValue>2819495</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>6339911</TotalOfBookValueLandBuildings>
      <OtherSecurities>
        <Description>INVESTMENTS IN PARTNERSHIPS</Description>
        <BookValue>10869395</BookValue>
        <MethodOfValuation>C</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>10869395</TotalOfBookValueSecurities>
      <OtherLiabilities>
        <Description>DEFERRED COMPENSATION</Description>
        <Amount>501572</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>501572</TotalOfAmounts>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>1</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>FEDERATION OF STATE MEDICAL BOARDS RESEARCH AND EDUCATION FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 619850</AddressLine1>
          <City>DALLAS</City>
          <State>TX</State>
          <ZIPCode>75261</ZIPCode>
        </AddressUS>
        <EINOfRecipient>363071272</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>1000000</AmountOfCashGrant>
        <PurposeOfGrant>FUNDING FOR EDUCATIONAL AND SCIENTIFIC RESEARCH PORGRAMS IN THE FIELDS OF MEDICINE AND MEDICAL REGULATION.</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>1</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIV>
        <Identifier>Procedure for Monitoring Grants in the U.S.:</Identifier>
        <ReturnReference>Part I, Line 2:</ReturnReference>
        <Explanation>Schedule I, Part I, Line 2: THE TERMS OF THE GRANT BY THE FEDERATION OF STATE MEDICAL BOARDS OF THE UNITED STATES, INC (FSMB) STATE THAT FSMB MAY MONITOR AND CONDUCT REVIEWS OF THE OPERATIONS UNDER THIS GRANT. FSMB'S OVERSIGHT MAY INCLUDE VISITS BY FSMB PERSONNEL WITH THE STAFF OVERSEEING THE PROJECTS FUNDED BY THE GRANT, AND REVIEW OF FINANCIAL AND OTHER RECORDS CONNECTED WITH THE ACTIVITIES SUPPORTED BY THIS GRANT. THE FSMB MAY, AT ITS EXPENSE, CONDUCT AUDITS, INCLUDING ON-SITE AUDITS, AT ANY TIME DURING THE TERM OF THIS GRANT AND WITHIN THREE YEARS AFTER COMPLETION OF THE GRANT. THE FSMB RESEARCH AND EDUCATION IS OPERATED AS A DIVISION OF FSMB AND AS SUCH, SHARES OFFICES, EMPLOYEES, AND LEADERSHIP.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <FirstClassOrCharterTravel>X</FirstClassOrCharterTravel>
      <TravelForCompanions>X</TravelForCompanions>
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <WrittenPolicyReTAndEExpenses>1</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>1</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>1</SeverancePayment>
      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>BARBARA SCHNEIDMAN</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>348718</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>95065</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>32214</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>3578</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>479575</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>CAROL A CLOTHIER</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>131288</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>14095</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>55190</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>25964</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>3243</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>229780</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>LISA A ROBIN</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>167075</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>19281</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>322</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>27748</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>6499</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>220925</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>RITA HOU-MOHSIN</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>159900</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>11945</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>860</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>25861</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>6279</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>204845</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>DAVID JOHNSON</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>126215</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>7715</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>2095</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>19891</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>6168</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>162084</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>CYNID STREUN</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>159681</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>4114</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>194</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>24569</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>6248</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>194806</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>TIM MILLER</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>122909</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>3223</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>131</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>18920</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>6178</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>151361</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>RANDY MCCULLOUGH</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>118708</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>9277</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>29401</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>23525</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>6066</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>186977</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>JAMES THOMPSON</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>0</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>375000</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>375000</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <ReturnReference>Part I, Line 1a</ReturnReference>
        <Explanation>FIRST CLASS TRAVEL: JAMES ANDRIOLE, $4,192, NON-TAXABLE FREDA BUSH, $5,415, NON-TAXABLE HEDY CHANG, $5,346, NON-TAXABLE MARTIN CRANE, $3,945, NON-TAXABLE LESLIE GALLANT, $9,267, NON-TAXABLE CURTIS HARRIS, $1,044, NON-TAXABLE GALICANO INGUITO $5,011, NON-TAXABLE TIMOTHY J KOWALSKI, $4,192, NON-TAXABLE RAM KRISHNA, $3,308, NON-TAXABLE KIM EDWARD LEBLANC, $5,055, NON-TAXABLE BRUCE MCINTYRE, $1,698, NON-TAXABLE TULLY PATROWICZ, $5,459, NON-TAXABLE JANELLE RHYNE, $1,961, NON-TAXABLE LANCE TALMAGE, $6,102, NON-TAXABLE JON THOMAS, $2,598, NON-TAXABLE TRAVEL FOR COMPANIONS: LEE BUSH, $4,245, TAXABLE Kathleen Crane, $3,945, TAXABLE LEE BUSH, $4,245, TAXABLE Kathleen Harris, $1,044, TAXABLE MIRIAM Harris, $3,228, TAXABLE Taylor Haywood, $3,039, TAXABLE Meera Krishna, $1,613, TAXABLE Leanne LeBlanc, $2,314, TAXABLE Ann McIntyre, $934, TAXABLE Connie Patrowicz, $3,107 TAXABLE Diana Talmage, $3,990, TAXABLE housing allowance: Barbara Schneidman, $23,750, taxable Humayun Chaudhry, $9,000, taxable</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <ReturnReference>Part I, Line 4a</ReturnReference>
        <Explanation>JAMES THOMPSON - SEVERANCE payment - $375,000 CAROL CLOTHIER - SEVERANCE payment- $41,715</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section A, line 6</Identifier>
        <Explanation>FSMB OF THE UNITED STATES HAS SEVERAL CLASSES OF MEMBERSHIP WHICH INCLUDES: MEMBER, FELLOW, HONORARY FELLOW, ASSOCIATE MEMBER, COURTESY MEMBER, AND AFFILIATE MEMBER.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section A, line 7a</Identifier>
        <Explanation>THE RIGHT TO VOTE AT MEETINGS OF THE HOUSE OF DELEGATES IS VESTED IN, AND RESTRICTED TO, MEMBER MEDICAL BOARDS. OFFICERS SHALL BE ELECTED BY A MAJORITY OF THE MEMBERS OF THE HOUSE OF DELEGATES WHO ARE VOTING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section A, line 7b</Identifier>
        <Explanation>TWO DELEGATES FROM EACH MEMBER ASSOCIATION HAS FINAL APPROVAL AUTHORITY FOR THE ANNUAL BUDGET AND SOME OTHER ITEMS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 11</Identifier>
        <Explanation>THE FORM 990 IS REVIEWED BY THE CEO, CFO, AND THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS APPROVES THE FORM 990.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 12c</Identifier>
        <Explanation>AT THE BEGINNING OF EACH FISCAL YEAR, THE BOARD MEMBERS AND COMMITTEE MEMBERS ARE REQUIRED TO SIGN A FORM THAT STATES THEY DO NOT HAVE A CONFLICT OF INTEREST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 15</Identifier>
        <Explanation>COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE AND EXECUTIVE SALARY SURVEYS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section C, line 19</Identifier>
        <Explanation>THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VII</Identifier>
        <ReturnReference>DESCRIPTION OF HOURS WORKED</ReturnReference>
        <Explanation>THE FOLLOWING BOARD MEMBERS/OFFICERS WORKED FOR THE REPORTING ORGANIZATION AND RELATED ORGANIZATIONS AS FOLLOWS: - HUMAYUN J. CHAUDHRY, DO the FEDERATION OF STATE MEDICAL BOARDS of THE UNITED STATES, INC. - 40 HRS/WK THE FEDERATION OF STATE MEDICAL BOARDS RESEARCH AND EDUCATION FOUNDATION - 5 HRS/WK INTERNATIONAL ASSOCAITION OF MEDICAL REGULATORY AUTHORITIES INC - 2 HRS/WK - MARTIN CRANE, MD the FEDERATION OF STATE MEDICAL BOARDS of THE UNITED STATES, INC. - 20 HRS/WK THE FEDERATION OF STATE MEDICAL BOARDS RESEARCH AND EDUCATION FOUNDATION - 2 HRS/WK - CHERYL A. VAUGHT, JD the FEDERATION OF STATE MEDICAL BOARDS of THE UNITED STATES, INC. - 5 HRS/WK THE FEDERATION OF STATE MEDICAL BOARDS RESEARCH AND EDUCATION FOUNDATION - 5 HRS/WK - Barbara Schneidman the FEDERATION OF STATE MEDICAL BOARDS of THE UNITED STATES, INC. - 40 HRS/WK THE FEDERATION OF STATE MEDICAL BOARDS RESEARCH AND EDUCATION FOUNDATION - 2 HRS/WK INTERNATIONAL ASSOCAITION OF MEDICAL REGULATORY AUTHORITIES INC - 2 HRS/WK - Regina Benjamin the FEDERATION OF STATE MEDICAL BOARDS of THE UNITED STATES, INC. - 10 HRS/WK THE FEDERATION OF STATE MEDICAL BOARDS RESEARCH AND EDUCATION FOUNDATION - 2 HRS/WK</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>the FEDERATION OF STATE MEDICAL BOARDS RESEARCH AND EDUCATION FOUNDATION</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>400 Fuller Wiser Rd Suite 300</AddressLine1>
          <City>Euless</City>
          <State>IL</State>
          <ZIPCode>76039</ZIPCode>
        </AddressUS>
        <EIN>363071272</EIN>
        <PrimaryActivities>INFORM PUBLIC ON HEALTH CARE AND HEALTH CARE REGULATIONS</PrimaryActivities>
        <LegalDomicileState>IL</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>Line 11a, I</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>INTERNATIONAL ASSOCAITION OF MEDICAL REGULATORY AUTHORITIES INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>400 Fuller Wiser Rd Suite 300</AddressLine1>
          <City>Euless</City>
          <State>TX</State>
          <ZIPCode>76039</ZIPCode>
        </AddressUS>
        <EIN>202188876</EIN>
        <PrimaryActivities>TO SUPPORT MEDICAL REGULATORY AUTHORITIES WORLDWIDE</PrimaryActivities>
        <LegalDomicileState>TX</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>Line 9</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>1</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>0</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>1</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>1</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>1</SharingOfFacilities>
      <SharingOfPaidEmployees>1</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>1</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>FEDERATION OF STATE MEDICAL BOARDS RESEARCH AND EDUCATION FOUNDATION</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>B</TransactionType>
        <AmountInvolved>1000000</AmountInvolved>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>