National Medical Fellowships Inc

Organization Overview

National Medical Fellowships Inc is located in alexandria, VA. The organization was established in 2010. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2021, National Medical Fellowships Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Medical Fellowships Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, National Medical Fellowships Inc generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

NATIONAL MEDICAL FELLOWSHIPS INC.S ("NMF") MISSION IS TO PROVIDE SCHOLARSHIPS AND SUPPORT FOR UNDERREPRESENTED MINORITY STUDENTS IN MEDICINE AND IN THE HEALTH PROFESSIONS. NMFS GOAL IS TO IDENTIFY AND NURTURE TOMORROWS DIVERSE HEALTHCARE LEADERS WHO WILL HAVE THE KNOWLEDGE, SKILLS, CULTURAL COMPETENCY AND COMMITMENT TO ACHIEVE HEALTH EQUITY. NMFS VISION IS TO EMPOWER AND SUPPORT ASPIRING PHYSICIANS AND HEALTH PROFESSIONALS UNDERREPRESENTED IN MEDICINE TO CONTRIBUTE TO THE HEALTH OF OUR NATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SERVICE LEARING PROGRAMS - THE NMF SERVICE-LEARNING PROGRAMS PROVIDE SPECIAL OPPORTUNITIES FOR STUDENTS TO WORK HANDS-ON TO ENHANCE HEALTHCARE DELIVERY IN UNDERREPRESENTED COMMUNITIES IN LOCAL AND NATIONAL SETTINGS. THESE PROGRAMS MATCH STUDENTS WITH MENTORS, OFTEN EMINENT NMF ALUMNI, AND FOCUS ON AREAS OF CRITICAL CLINICAL/PUBLIC HEALTH NEED.


POST-GRADUATE PROGRAMS:THROUGH ITS SCHOLARSHIP AND SERVICE-LEARNING PROGRAMS, NMF HAS BEEN INSTRUMENTAL IN INCREASING THE NUMBER OF UNDERREPRESENTED MINORITY PHYSICIANS, PHYSICIAN SCIENTIST AND RESEARCHERS IN THE US. MOST RECENTLY, NMF HAS EXPANDED ITS PROGRAMMING TO PROVIDE TRAINING AND SUPPORT FOR MINORITY PHYSICIANS TO BECOME MORE ACTIVELY INVOLVED IN CLINICAL TRIALS. NMFS NEW DIVERSITY IN RESEARCH PROGRAMS PORTFOLIO IS COMPRISED OF TWO MAJOR INITIATIVES, WHICH SHARE THE ULTIMATE GOAL OF INCREASING UNDERREPRESENTED MINORITY PATIENT ENGAGEMENT AND PARTICIPATION IN CLINICAL RESEARCH TO ENSURE THAT TREATMENT AND PREVENTATIVE REGIMENS ARE THOROUGHLY INVESTIGATED ACROSS ALL INTENDED TARGET POPULATIONS.


SCHOLARSHIPS AND AWARDS - THE CORE PROGRAM OF NMF IS THE SCHOLARSHIPS AND AWARDS PROGRAM. OFFERED PRIMARILY TO UNDERREPRESENTED MINORITY MEDICAL AND HEALTH PROFESSIONS STUDENTS, THESE SCHOLARSHIPS ARE GRANTED ON MERIT AND FINANCIAL NEED.


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Board, Officers & Key Employees

Name (title)Compensation
Michellene Davis
President & CEO
$234,035
Franca Gaudio
COO
$217,251
Paula Mejia
Cdo
$184,562
Joy Lee Jones
Program Director
$155,982
Stephen N Keith
Treas/secretary
$0
Sandra B Nichols
Chairperson
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$229,113
Related organizations$0
Government grants $173,863
All other contributions, gifts, grants, and similar amounts not included above$3,620,283
Noncash contributions included in lines 1a–1f $324,972
Total Revenue from Contributions, Gifts, Grants & Similar$4,023,259
Total Program Service Revenue$0
Investment income $27,851
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $36,870
Net Income from Fundraising Events $1,858,717
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,946,697

Grants Recieved

Over the last fiscal year, we have identified 17 grants that National Medical Fellowships Inc has recieved totaling $529,500.

Awarding OrganizationAmount
Association Of American Medical Colleges

Washington, DC

PURPOSE: TUITION ASSISTANCE

$105,750
Rize Massachusetts Foundation Inc

Boston, MA

PURPOSE: PRIMARY CARE LEADERSHIP PROGRAM

$94,000
California Healthcare Foundation

Oakland, CA

PURPOSE: GENERAL SUPPORT. MEDICAL EDUCATION SCHOLARSHIPS FOR UNDERREPRESENTED MINORITIES. LOS ANGELES CHAMPIONS OF HEALTH AWARDS, 2021. PRIMARY CARE LEADERSHIP PROGRAM SCHOLARS AT NORTHEAST VALLEY HEALTH CORPORATION IN SAN FERNANDO VALLEY, CA.

$88,750
Princeton Area Community Foundation Inc

Lawrenceville, NJ

PURPOSE: National Medical Fellowships, 2021 New York Champi

$50,000
Altamed Health Services Corp

Los Angeles, CA

PURPOSE: REDUCE HEALTH DISPARITY IN UNDERSERVED COMMUNITIES.

$25,750
Henry Ford Health System

Detroit, MI

PURPOSE: ORGANIZATIONAL SUPPORT

$25,750
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,463,870
Earnings$34,591
Net Contributions$2,166,714
Other Expense$2,004,091
Ending Balance$2,661,084

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