2011-10-04T15:52:57-05:00 2010-12-31 BDO USA LLP 7101 WISCONSIN AVE SUITE 800 BETHESDA MD 208144827 990 2010-01-01 362367980 EDUCATIONAL COMMISSION FOR FOREIGN MEDICAL GRADUATES EDUC 2158232293 3624 MARKET STREET PHILADELPHIA PA 19104 DENNIS M DONOHUE CPA 2158232293 2011-10-04 1 MICHAEL SORRELLS CPA 3016544900 2010 2016-03-07 17:11:31Z EMMANUEL G CASSIMATIS MD 3624 MARKET STREET PHILADELPHIA PA 19104 55538948 0 X WWW.ECFMG.ORG X 1956 IL ASSESSMENT OF FOREIGN MEDICAL SCHOOL GRADUATES FOR ENTRY INTO U.S. RESIDENCY AND FELLOWSHIP PROGRAMS AND SPONSORSHIP OF FOREIGN PHYSICIANS AS EXCHANGE VISITORS IN GRADUATE MEDICAL EDUCATION PROGRAMS. 21 20 1078 0 0 0 0 0 49490800 51652804 838605 1389913 0 0 50329405 53042717 0 3140026 0 0 33339513 34906791 0 0 0 13695630 13791884 47035143 51838701 3294262 1204016 111327512 122160330 28971743 29577205 82355769 92583125 X THE EDUCATIONAL COMMISSION FOR FOREIGN MEDICAL GRADUATES (ECFMG) IS A NON-PROFIT ORGANIZATION WHICH, THROUGH A PROGRAM OF CERTIFICATION, ASSESSES THE READINESS OF GRADUATES OF FOREIGN MEDICAL SCHOOLS TO ENTER RESIDENCY OR FELLOWSHIP PROGRAMS IN THE UNITED STATES THAT ARE ACCREDITED BY THE ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION. ECMFG IS ALSO AUTHORIZED BY THE U.S. INFORMATION AGENCY TO SPONSOR FOREIGN PHYSICIANS AS EXCHANGE VISITORS IN GRADUATE MEDICAL EDUCATION PROGRAMS AFFILIATED WITH ACCREDITED MEDICAL SCHOOLS IN THE U.S. 0 0 31766499 43650072 EXAMINATIONS (USMLE STEP1; STEP 2CK AND STEP 2CS); REGISTRATION /CERTIFICATION SERVICES. THE ONLY EXAMS CURRENTLY ADMINISTERED THAT MEET THE MEDICAL AND CLINICAL SKILLS REQUIREMENT FOR ECFMG CERTIFICATION. INCLUDED ARE THE REVENUES AND EXPENSES RELATED TO THE COLLABORATION WITH THE NATIONAL BOARD OF MEDICAL EXAMINERS TO ADMINISTER THE USMLE STEP 2CS EXAMINATION. 2015300 3201550 ELECTRONIC RESIDENCY APPLICATION SERVICE (ERAS) - PROVIDES A MECHANISM FOR INTERNATIONAL MEDICAL STUDENTS/GRADUATES TO ELECTRONICALLY APPLY FOR RESIDENCY POSITIONS IN ACCREDITED U.S. PROGRAMS OF GRADUATE MEDICAL EDUCATION. 1500390 2788951 CERTIFICATION VERIFICATION SERVICES - ECFMG PROVIDES PRIMARY SOURCE VERIFICATION OF ECFMG CERTIFICATION STATUS TO ENTITIES IN THE U.S. THAT RELY ON ECFMG CERTIFICATION TO EVALUATE THE QUALIFICATIONS OF INTERNATIONAL PHYSICIANS. THE ECFMG INTERNATIONAL CREDENTIALS SERVICES PROVIDES A SERVICE TO INTERNATIONAL ORGANIZATIONS AND AUTHORITIES INVOLVED IN MEDICAL REGISTRATION, LICENSING AND ASSESSMENT BY OBTAINING PRIMARY SOURCE VERIFICATION OF THE CREDENTIALS OF PHYSICIANS WHO COMPLETED THEIR MEDICAL EDUCATION OUTSIDE THE AUTHORITIES JURISDICTION. 991647 2012230 EXCHANGE VISITOR SPONSORSHIP PROGRAM - ECFMG IS DESIGNATED BY THE U.S. DEPARTMENT OF STATE AS THE SPONSOR OF J-1 EXCHANGE VISITOR PHYSICIANS ENROLLED IN U.S. PROGRAMS OF GRADUATE MEDICAL EDUCATION OR TRAINING. ECFMG IS THE SOLE SPONSOR OF J-1 PHYSICIANS IN CLINICAL TRAINING PROGRAMS. THE PROGRAM FACILITATES EDUCATIONAL AND CULTURAL EXCHANGE IN ORDER TO PROMOTE MUTUAL UNDERSTANDING AND STIMULATE AN EXCHANGE OF IDEAS AND COLLABORATION AMONG PEOPLE OF THE U.S. AND OTHER NATIONS. THE J-1 VISA, A TEMPORARY NONIMMIGRANT VISA RESERVED FOR PARTICIPANTS IN THE EXCHANGE VISITOR PROGRAM IS A COMMON VISA OPTION FOR FOREIGN NATIONAL PHYSICIANS WHO WISH TO PARTICIPATE IN U.S. PROGRAMS OF GRADUATE MEDICAL EDUCATION. 3140026 3140026 SUPPORT TO RELATED 501(C)(3) ORGANIZATION, FOUNDATION FOR ADVANCEMENT OF INTERNATIONAL MEDICAL EDUCATION AND RESEARCH. 4131673 3140026 2012230 39413862 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 38 0 1078 1 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 IL X DENNIS M DONOHUE CPA 2158232293 3624 MARKET STREET PHILADELPHIA PA 19104 MOHAMMAD N AKHTER MD MPH 1.00 X 0 0 0 KAREN H ANTMAN MD 1.00 X 0 0 0 CAROL A ASCHENBRENER MD 1.00 X 0 0 0 PATRICK COURTIN PHD 1.00 X 0 0 0 ROBERT K CRONE MD 1.00 X 0 0 0 ALBERT G DEANA CPA 1.00 X X 0 0 0 LYNN D FLEISHER PHD JD 1.00 X 0 0 0 ARTHUR W FLEMING MD 1.00 X 0 0 0 PHILIP L GILDENBERG MD PHD FACS 1.00 X 0 0 0 CYNTHIA HAINES MBA 1.00 X 0 0 0 THOMAS KIRKSEY MD FACS 1.00 X 0 0 0 SADE KOSOKO-LASAKI MD MSPH MBA 1.00 X 0 0 0 IAN D KRANTZ MD 1.00 X X 0 0 0 RAM R KRISHNA MD 1.00 X 0 0 0 STEVEN E MINNICK MD MBA 1.00 X X 0 0 0 KIMBALL MOHN MD 1.00 X 0 0 0 RAJAM RAMAMURTHY MD 1.00 X 0 0 0 PAUL H ROCKEY MD MPH 1.00 X 0 0 0 BARRY S SMITH MD 1.00 X 0 0 0 KEVIN B WEISS MD 1.00 X 0 0 0 EMMANUEL G CASSIMATIS MD 40.00 X X 546603 0 44584 ANN C JOBE MD 40.00 X 397306 0 77866 DENNIS M DONOHUE 40.00 X 290353 0 75870 STEVEN S SEELING 40.00 X 318151 0 88381 JOSEPH E O'CONNOR 40.00 X 221672 0 42416 THOMAS REBBECCHI MD 40.00 X 209619 0 40608 RAYMOND ROSENBERG 40.00 X 186786 0 35211 PETER J CAHILL 40.00 X 175371 0 33511 WILLIAM KELLY 40.00 X 165410 0 28287 2511271 0 466734 30 0 1 0 C ERICKSON & SONS INC 2200 ARCH ST STE200 PHILADELPHIA PA 19103 BUILDING CONSTRUCTION 840351 AUDIO VIDEO SYSTEMS GROUP 1001 SUSSEX BLVD BROOMALL PA 19008 AUDIOVISUAL SYSTEMS 432333 MORGAN LEWIS & BOCKIUS LLP 1701 MARKET STREET PHILADELPHIA PA 19103 LEGAL SERVICES 397794 DATAVOICE 600 WILLOWBROOK OFFICE PARK FAIRPORT NY 14450 HARDWARE/SOFTWARE 320127 URBAN CONSULTANTS 1630 PINE STREET PHILADELPHIA PA 19103 ARCHITECTURAL SERVICES 305970 13 EXAMS/SPONSORSHIPS 611710 43650072 43650072 ELECT RESIDENCY APP SE 611710 3201550 3201550 CERT VERIFICATION SERV 611710 2788952 2788952 EXCHANGES VISITOR SPON 900099 2012230 2012230 51652804 1224288 1224288 2661856 2496231 165625 165625 165625 53042717 51652804 0 1389913 3140026 3140026 2862466 858740 2003726 22455971 17964777 4491194 1918297 1342808 575489 5415474 3790832 1624642 2254583 1578208 676375 322124 322124 86187 86187 67073 67073 79411 23823 55588 1067449 832610 234839 1290739 1161665 129074 3677779 3273223 404556 333634 266907 66727 243873 2439 241434 256965 256965 3418291 2563718 854573 434823 304376 130447 PAYMENT PROCESSING FEES 1273364 1273364 CSEC TEST ADMIN COSTS 616987 616987 RECRUITMENT & TRAINING 84350 42175 42175 538835 377184 161651 51838701 39413862 12424839 0 3340179 2955473 1025721 1329297 1041488 567385 49003920 35608766 14191425 13395154 49449029 59138549 34363367 38593285 7916303 6181187 111327512 122160330 4432230 3964490 15676412 17340707 6820328 6538278 2042773 1733730 28971743 29577205 X 82355769 92583125 82355769 92583125 111327512 122160330 X 1204016 9023340 X X 0 1 1 X 0 X 45325539 50466273 50262069 49490800 51652804 247197485 45325539 50466273 50262069 49490800 51652804 247197485 0 0 0 247197485 2085282 2461293 755559 1293959 1224288 7820381 2085282 2461293 755559 1293959 1224288 7820381 47410821 52927566 51017628 50784759 52877092 255017866 0.96930 0.96690 0.03070 0.03310 X 4251949 2375171 1876778 16179015 10768050 5410965 14439784 11560445 2879339 14133172 10905100 3228072 13395154 MASTER TRUST 59138549 F 59138549 BENE INT IN THE NET ASSETS OF FAIMER 38593285 C 38593285 DEFERRED FINANCING COSTS 139119 DUE FROM FAIMER 4550203 DUE FROM NBME 1491865 6181187 EXEC SUPP RETIREMENT FUND 1733730 1733730 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ACCOUNTING STANDARDS CODIFICATION (ASC) 740 FORMERLY FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES DEFINES THE CONFIDENCE LEVEL THAT A TAX POSITION MUST MEET BEFORE IT CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS AND IT REQUIRES THE EFFECTS OF A POSITION BE RECOGNIZED ONLY IF IT IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED BASED SOLELY ON ITS TECHNICAL MERITS AS OF THE REPORTING DATE. THE MORE-LIKELY-THAN-NOT THRESHOLD REPRESENTS A POSITIVE ASSERTION BY MANAGEMENT THAT THE ORGANIZATION IS ENTITLED TO THE ECONOMIC BENEFITS OF A TAX POSITION. IF A TAX POSITION IS NOT CONSIDERED MORE-LIKELY-THAN-NOT TO BE SUSTAINED BASED SOLELY ON ITS TECHNICAL MERITS, NO BENEFITS OF THE POSITION ARE TO BE RECOGNIZED. MOREOVER, THE MORE-LIKELY-THAN-NOT THRESHOLD MUST CONTINUE TO BE MET IN EACH REPORTING PERIOD TO SUPPORT CONTINUED RECOGNITION OF A BENEFIT. AS OF DECEMBER 31, 2010 AND 2009, THERE ARE NO UNCERTAIN TAX POSITIONS FOR WHICH A LIABILITY SHOULD BE RECORDED. 1 FOUNDATION FOR ADVANCEMENT OF INTERNATIONAL MEDICAL EDUCATION AND RESEARCH 3624 MARKET STREET PHILADELPHIA PA 19104 233057423 501(C)(3) 3140026 SUPPORT TO FOUNDATION FOR ADVANCEMENT OF INTERNATIONAL MEDICAL EDUCATION AND RESEARCH. 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL GRANTS ARE MADE TO THE FOUNDATION FOR ADVANCEMENT OF INTERNATIONAL MEDICAL EDUCATION AND RESEARCH, A RELATED SUPPORT ORGANIZATION, WHICH IS CONTROLLED AND OPERATED BY ECFMG. SUCH GRANTS ARE IN SUPPORT OF THE ORGANIZATION'S EXEMPT PURPOSE. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 EMMANUEL G CASSIMATIS MD 436731 0 2000 0 107872 0 0 0 44584 0 591187 0 0 0 ANN C JOBE MD 335011 0 2000 0 60295 0 0 0 77866 0 475172 0 0 0 DENNIS M DONOHUE 282874 0 2000 0 5479 0 0 0 75870 0 366223 0 0 0 STEVEN S SEELING 304531 0 2000 0 11620 0 0 0 88381 0 406532 0 0 0 JOSEPH E O'CONNOR 219672 0 2000 0 0 0 0 0 42416 0 264088 0 0 0 THOMAS REBBECCHI MD 207619 0 2000 0 0 0 0 0 40608 0 250227 0 0 0 RAYMOND ROSENBERG 184950 0 1836 0 0 0 0 0 35211 0 221997 0 0 0 PETER J CAHILL 173648 0 1723 0 0 0 0 0 33511 0 208882 0 0 0 WILLIAM KELLY 163785 0 1625 0 0 0 0 0 28287 0 193697 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL POLICY - BOARD OF TRUSTEES/EMPLOYEES FOR TRUSTEES - REIMBURSEMENT FOR AIR OR RAIL TRAVEL IS BASED ON FIRST CLASS ACCOMMODATIONS. TRUSTEES HAVE THE OPTION TO APPLY THE COST OF A FIRST CLASS TICKET TOWARD TWO COACH FARE TICKETS TO COVER TRAVEL FOR SPOUSES WHEN ATTENDING MEETINGS OF THE ECFMG BOARD AND COMMITTEES OR CARRYING OUT OTHER OFFICIAL ECFMG DUTIES. HOWEVER, ONLY THE AMOUNT APPLICABLE TO TRAVEL FOR THE ECFMG BOARD MEMBER MAY BE CONSIDERED A BONA FIDE EXPENSE. TRAVEL EXPENSES FOR THE SPOUSE OF AN ECFMG BOARD MEMBER ARE REPORTED ON A SEPARATE TRAVEL AND EXPENSE REPORT AND REPORTED ON FORM 1099, ASSUMING THE AMOUNT IS GREATER THAN $600 DURING THE COURSE OF THE CALENDAR YEAR. FOR EMPLOYEES - REIMBURSEMENT OF BUSINESS CLASS (FIRST CLASS TRAVEL WHEN BUSINESS CLASS IS NOT AVAILABLE) FOR TRIPS WITHIN THE UNITED STATES ARE PAID WHEN COACH CLASS FLIGHTS WOULD RESULT IN A FLIGHT OF FIVE (5) HOURS OR MORE IN DURATION. DUE TO THE LENGTH OF INTERNATIONAL FLIGHTS, EMPLOYEES MAY TRAVEL BUSINESS CLASS (FIRST CLASS WHEN BUSINESS CLASS IS NOT AVAILABLE) ON FLIGHTS OF FIVE (5) HOURS OR GREATER IN DURATION. PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178184D7 2009-12-29 290000 CURRENT REFUNDING OF ECFMG SERIES OF 1998 BONDS 0 0 0 PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178184E5 2009-12-29 505000 CURRENT REFUNDING OF ECFMG SERIES OF 1998 BONDS 0 0 0 PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178184F2 2009-12-29 520000 CURRENT REFUNDING OF ECFMG SERIES OF 1998 BONDS 0 0 0 PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178184G0 2009-12-29 535000 CURRENT REFUNDING OF ECFMG SERIES OF 1998 BONDS 0 0 0 290000 284673 5327 2009 1 0 1 1 505000 495724 9276 2009 1 0 1 1 520000 510449 9551 2009 1 0 1 1 535000 525173 9827 2009 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178184H8 2009-12-29 550000 CURRENT REFUNDING OF ECFMG SERIES OF 1998 BONDS 0 0 0 PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178184J4 2009-12-29 565000 CURRENT REFUNDING OF ECFMG SERIES OF 1998 BONDS 0 0 0 PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178184K1 2009-12-29 590000 CURRENT REFUNDING OF ECFMG SERIES OF 1998 BONDS 0 0 0 PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178184L9 2009-12-29 610000 CURRENT REFUNDING OF ECFMG SERIES OF 1998 BONDS 0 0 0 550000 539898 10102 2009 1 0 1 1 565000 554622 10378 2009 1 0 1 1 590000 579163 10837 2009 1 0 1 1 610000 598796 11204 2009 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178184N5 2009-12-29 1300000 CURRENT REFUNDING OF ECFMG SERIES OF 1998 BONDS 0 0 0 PHILA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178184L9 2009-12-29 1410000 CURRENT REFUNDING OF ECFMG SERIES OF 1998 BONDS 0 0 0 1300000 1276122 23878 2009 1 0 1 1 1410000 1384101 25899 2009 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE AND AUDIT COMMITTEE OF THE BOARD HAS BEEN CHARGED BY THE BOARD TO REVIEW THE FORM 990 AS COMPLETED BY THE OUTSIDE AUDITOR, BDO USA, LLP PRIOR TO ITS BEING FILED WITH THE INTERNAL REVENUE SERVICE. ALL MEMBERS OF THE FINANCE AND AUDIT COMMITTEE WILL RECEIVE FINAL DRAFT COPIES OF THE FORM 990 AND WILL BE THEN GIVEN THE OPPORTUNITY TO MAKE INQUIRIES ABOUT ANY INFORMATION CONTAINED THEREIN. FORM 990, PART VI, SECTION B, LINE 12C OBLIGATION TO REPORT TIMELY ALL "POSSIBLE CONFLICTS OF INTEREST": IT SHALL BE THE RESPONSIBILITY OF ALL TRUSTEES AND KEY EMPLOYEES TO IDENTIFY PROMPTLY TO THE CHAIR OF THE BOARD OF ECFMG OR FAIMER, AS APPROPRIATE, ALL "POSSIBLE CONFLICTS OF INTEREST" WHENEVER THEY ARISE; TO DECLARE THEIR LACK OF INDEPENDENCE; AND TO REFRAIN FROM ANY DISCUSSIONS OR DELIBERATIONS REGARDING THE IDENTIFIED "POSSIBLE CONFLICTS OF INTEREST" OR VOTING ON OR TAKING ANY OTHER ACTION WITH RESPECT TO SUCH MATTER. FAILURE TO PROPERLY DISCLOSE A "CONFLICT OF INTEREST" MAY SUBJECT THE BOARD MEMBER OR KEY EMPLOYEE TO DISCIPLINARY ACTION UP TO AND INCLUDING DISMISSAL FROM THE BOARD OR TERMINATION OF EMPLOYMENT. ANNUAL CONFLICTS OF INTEREST DISCLOSURE FORMS FOR BOARD AND KEY EMPLOYEES: A CONFLICTS OF INTEREST DISCLOSURE FORM SHALL BE CIRCULATED ANNUALLY TO ALL CURRENT TRUSTEES AND KEY EMPLOYEES. THE SENIOR VICE PRESIDENT OF ECFMG SHALL MAKE A DETERMINATION ANNUALLY AS TO WHICH CURRENT EMPLOYEES OF ECFMG AND FAIMER MEET THE DEFINITION OF KEY EMPLOYEE FOR THE PURPOSE OF THE QUESTIONNAIRE. THE CONFLICTS OF INTEREST DISCLOSURE FORM SHALL BE DISTRIBUTED IN DECEMBER OF EACH YEAR COVERING THE CURRENT CALENDAR YEAR. COMPLETED FORMS SHALL BE RETURNED TO THE SECRETARY OF THE BOARD FOR ECFMG. THE BOARD SECRETARY SHALL HAVE THE RESPONSIBILITY TO MONITOR THE COMPLETION OF REQUESTED FORMS AND FOR MAKING APPROPRIATE FOLLOW-UP INQUIRIES TO NON-RESPONDERS. NON-RESPONDERS TO THE SECRETARY'S REQUESTS SHALL BE REPORTED TO THE CHAIR OF THE BOARDS OF ECFMG AND FAIMER, AS APPROPRIATE. COMPLETED CONFLICTS OF INTEREST DISCLOSURE FORMS SHALL BE REVIEWED BY THE SENIOR VICE PRESIDENT, OR IN THE CASE OF THE DISCLOSURE FORM OF THE SENIOR VICE PRESIDENT, BY THE PRESIDENT, AND A REPORT MADE ANNUALLY OF ALL IDENTIFIED "POSSIBLE CONFLICTS OF INTEREST" TO THE RESPECTIVE ECFMG AND FAIMER BOARDS. THE SENIOR VICE PRESIDENT SHALL REFER ANY RESPONSES TO ECFMG'S EXTERNAL LEGAL COUNSEL WHERE THERE IS UNCERTAINTY AS TO WHETHER THE RESPONSE REFLECTS A "POSSIBLE CONFLICT OF INTEREST". LEGAL COUNSEL SHALL RENDER AN OPINION DIRECTLY TO THE CHAIR AND PRESIDENT OF THE RESPECTIVE ORGANIZATION REGARDING SUCH MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD HAS RESPONSIBILITY FOR REVIEWING EXECUTIVE COMPENSATION OF HIGHLY COMPENSATED EMPLOYEES WHICH INCLUDES THE CEO, VICE PRESIDENT OF OPERATIONS, SR. VICE PRESIDENT FOR FINANCE AND SUPPORT SERVICES AND EXECUTIVE DIRECTOR FOR CLINICAL SKILLS EXAMINATIONS (THE SENIOR STAFF). EVERY THREE YEARS THIS COMMITTEE COMMISSIONS AN INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT A COMPARATIVE SURVEY OF COMPENSATION AND BENEFITS OF COMPARABLE KEY POSITIONS FROM SIMILAR ORGANIZATIONS TO ECFMG'S SENIOR STAFF. ALSO, INCLUDED IN THE REVIEW IS THE DIRECTOR OF HUMAN RESOURCES AND THE SENIOR DIRECTOR OF INFORMATION TECHNOLOGY. THE COMMITTEE COMPARES THE RESULTS OF THE COMPENSATION SURVEY TO THE COMPENSATION PAID TO EXECUTIVES OF ECFMG AND MAKES ADJUSTMENTS, IF APPROPRIATE. ANNUALLY, THE EXECUTIVE COMPENSATION COMMITTEE REVIEWS THE PERFORMANCE OF THE CEO AND RECOMMENDS A SALARY INCREASE PERCENTAGE AS APPROPRIATE GIVEN THE PERFORMANCE OF THE CEO AND THE FINANCIAL RESULTS OF ECFMG FOR THAT YEAR. THE COMMITTEE ALSO REVIEWS AND APPROVES SALARY INCREASE RECOMMENDATIONS MADE BY THE CEO, FOR THE SENIOR STAFF. CONTEMPORANEOUS MINUTES OF ALL EXECUTIVE COMPENSATION COMMITTEE MEETINGS ARE MADE REFLECTING THE ACTIONS TAKEN WITH RESPECT TO SENIOR STAFF COMPENSATION. THE RESULTS OF THE COMMITTEE'S ACTIONS ARE SUMMARIZED AND REPORTED TO THE BOARD. SENIOR STAFF COMPENSATION REVIEWS COMMENCED IN 2001. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 4,793,422. INCREASE IN BENE INT IN NET ASSETS OF FAIMER 4,229,918. TOTAL TO FORM 990, PART XI, LINE 5: 9,023,340. OVERSIGHT OF AUDIT FORM 990, PART XI, LINE 2C THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. CHANGE IN 990 PRESENTATION PART I, LINE 12 AND PART IX, LINE 1, GRANTS IN THE PRIOR YEAR AND CURRENT YEAR, ECFMG TRANSFERRED FUNDS TO ITS SUPPORTING ORGANIZATION, FAIMER, TO SUPPORT ITS EXEMPT PURPOSE. ON THE PRIOR YEAR FORM 990, THIS WAS REPORTED AS A CHANGE IN NET ASSETS AND NOT AS AN EXPENSE. THE ORGANIZATION BELIEVES THAT IT IS MORE ACCURATE TO REPORT THESE TRANSACTIONS AS GRANTS OR ALLOCATION EXPENSE. THUS, THE 2010 FORM 990 SHOWS GRANT EXPENSE ON PART I, LINE 12 AND PART IX, LINE 1. THE FORM 990 OF THE RELATED ORGANIZATION MIRRORS THIS REPORTING. FOUNDATION FOR ADVANCEMENT OF INTERNATIONAL MEDICAL EDUCATION AND RESEARCH 3624 MARKET STREET PHILADELPHIA PA 19104 233057423 PROMOTE INTERNATIONAL MEDICAL EDUCATION PA 501(C)(3) LINE 11A, I N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0