National Medical Fellowships Inc
- Assets
- $14.6m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 37
- Location
- Alexandria, VA
- Founding
- 07/2010
- Data as of
- 12/2023
- EIN
- 01-0963657
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 12/2023, National Medical Fellowships Inc employed 37 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 12/2023, National Medical Fellowships Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $8.2m during the year ending 12/2023. While expenses have increased by 12.8% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SCHOLARSHIPS/CLINICAL RESEARCH TRAINING TO UNDERREPRESENTED MEDICAL STUDENTS & PRACTITIONERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE LEARNING PROGRAMS - THE NMF SERVICE-LEARNING PROGRAMS PROVIDE SPECIAL OPPORTUNITIES FOR STUDENTS TO WORK HANDS-ON TO ENHANCE HEALTHCARE DELIVERY IN UNDERREPRESENTED COMMUNITIES. THESE PROGRAMS MATCH STUDENTS WITH MENTORS, OFTEN EMINENT NMF ALUMNI, AND FOCUS ON AREAS OF CRITICAL CLINICAL/PUBLIC HEALTH NEEDS.
PUBLIC INFORMATION AND ALUMNI RELATIONS - NMF PROVIDES SCHOLARSHIP INFORMATION TO STUDENTS AND ACADEMIC INSTITUTIONS AND COMMUNICATES THE CRITICAL NEED FOR INCREASING THE NUMBER OF MINORITY PROFESSIONALS IN HEALTHCARE. NMF ALSO COORDINATES AND ORGANIZES VOLUNTEER AND COMMUNITY SERVICE OPPORTUNITIES TO PROMOTE PUBLIC AWARENESS ABOUT ITS PROGRAMS. IN ADDITION, WITH THE SUPPORT OF ALMUNI, FRIENDS, AND PARTNERS, NMF IS BUILDING A ROBUST ALMUNI NETWORK. THROUGH NMF ALMUNI-SPONSORED EVENTS AND OTHER ACTIVITIES, THIS NETWORK IS BEING BROUGHT INTO ACTIVE PARTNERSHIP WITH NMF TO STRENGTHEN AND EXPAND PROGRAMS, SUPPORT REGIONAL GALAS, AND PROVIDE FINANCIAL SUPPORT FOR THE ORGANIZATION.
POST-GRADUATE PROGRAMS - NMF'S POST GRADUATE PROGRAMS PURSUE THE GOAL TO BECOME A LEADER IN THE NATIONAL EFFORT TO INCREASE DIVERSITY IN CLINICAL TRIAL RESEARCH IN FURTHERANCE OF THE ELIMINATION OF HEALTH CARE DISPARITIES. ESTABLISHED IN 2021, THE NATIONAL MEDICAL FELLOWSHIPS DIVERSITY IN CLINICAL TRIALS RESEARCH PROGRAM SEEKS TO INCREASE THE NUMBER OF CLINICIANS UNDERREPRESENTED IN MEDICINE WHO SERVE AS PRINCIPAL INVESTIGATORS, AS PART OF THE STRATEGY TO INCREASE PATIENT DIVERSITY IN CLINICAL RESEARCH TRIALS.
SCHOLARSHIPS AND AWARDS - NMF'S SCHOLARSHIPS AND AWARDS HAVE BEEN AT THE CORE OF ITS PROGRAMMING. NMF SCHOLARSHIP PROGRAMS RECOGNIZE MERIT AS WELL AS FINANCIAL NEED. OVER THE YEARS, FUNDING FOR SCHOLARSHIPS HAS COME FROM INDIVIDUALS, FOUNDATIONS, AND CORPORATIONS. NMF ACTIVELY SEEKS AND WELCOMES PARTNERSHIPS TO BUILD AND EXPAND THE TYPES AND AMOUNT OF SUPPORT WE PROVIDE TO OUR SCHOLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra B Nichols Chairperson | OfficerTrustee | 20 | $0 |
Bryan R Baugh Chair-Elect | OfficerTrustee | 5 | $0 |
Efrain Talamantes Treasurer | OfficerTrustee | 3 | $0 |
Jennifer Schlener Secretary | OfficerTrustee | 3 | $0 |
Kweku Awotwi Member | Trustee | 3 | $0 |
Carmen Sachiko Villar Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kaufman Dolowich Llp Legal | 12/30/23 | $118,305 |
Your Part-time Controller Llc Accounting | 12/30/23 | $117,211 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,893,938 |
| Noncash contributions included in lines 1a–1f | $70,396 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,893,938 |
| Total Program Service Revenue | $0 |
| Investment income | $547,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,441,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,552,898 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $658,135 |
| Compensation of current officers, directors, key employees. | $212,051 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,280,789 |
| Pension plan accruals and contributions | $65,730 |
| Other employee benefits | $52,859 |
| Payroll taxes | $349,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $164,319 |
| Fees for services: Accounting | $150,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $985,509 |
| Advertising and promotion | $76,402 |
| Office expenses | $151,834 |
| Information technology | $51,455 |
| Royalties | $0 |
| Occupancy | $88,584 |
| Travel | $238,266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,989 |
| Insurance | $21,868 |
| All other expenses | $0 |
| Total functional expenses | $8,151,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,186,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,265,321 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $93,867 |
| Net Land, buildings, and equipment | $13,017 |
| Investments—publicly traded securities | $11,754,207 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $287,539 |
| Total assets | $14,600,690 |
| Accounts payable and accrued expenses | $506,050 |
| Grants payable | $0 |
| Deferred revenue | $2,549,224 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $305,917 |
| Total liabilities | $3,361,191 |
| Net assets without donor restrictions | $7,966,804 |
| Net assets with donor restrictions | $3,272,695 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,600,690 |