National Board Of Medical Examiners is located in Philadelphia, PA. The organization was established in 1937. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2021, National Board Of Medical Examiners employed 561 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Board Of Medical Examiners 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 Board Of Medical Examiners generated $198.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $147.4m during the year ending 12/2021. While expenses have increased by 0.2% 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.
Since 2016, National Board Of Medical Examiners has awarded 47 individual grants totaling $2,583,344. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF NBME IS TO PROTECT THE HEALTH OF THE PUBLIC THROUGH STATE OF THE ART ASSESSMENT OF HEALTH PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNITED STATES MEDICAL LICENSING EXAMINATION (USMLE) IS A THREE-STEP EXAMINATION FOR MEDICAL LICENSURE IN THE UNITED STATES AND IS SPONSORED BY THE FEDERATION OF STATE MEDICAL BOARDS (FSMB) AND NBME. THE USMLE PROGRAM SUPPORTS MEDICAL LICENSING AUTHORITIES IN THE UNITED STATES THROUGH ITS LEADERSHIP IN THE DEVELOPMENT, DELIVERY, AND CONTINUAL IMPROVEMENT OF HIGH-QUALITY ASSESSMENTS ACROSS THE CONTINUUM OF PHYSICIANS' PREPARATION FOR PRACTICE. IT ASSESSES A PHYSICIAN'S ABILITY TO APPLY KNOWLEDGE, CONCEPTS, AND PRINCIPLES THAT ARE IMPORTANT IN HEALTH AND DISEASE AND THAT CONSTITUTE THE BASIS OF SAFE AND EFFECTIVE PATIENT CARE.FOR FURTHER INFORMATION VISIT WWW.USMLE.ORG.NOTE: THE EXPENSES REFLECTED ABOVE DO NOT INCLUDE MANAGEMENT AND GENERAL EXPENSES.
THE MEDICAL SCHOOL AND STUDENT SERVICES PROGRAM PROVIDES ASSESSMENT SERVICES TO DOMESTIC AND INTERNATIONAL MEDICAL SCHOOLS, STUDENTS, AND RESIDENTS. ASSESSMENTS INCLUDE THE SUBJECT EXAMINATION PROGRAM, SELF-ASSESSMENT SERVICES, AND WEB-BASED EXAMINATION PROGRAMS AND PILOT PROJECTS. SUBJECT EXAMS MEASURE ACHIEVEMENT IN THE TRADITIONAL BASIC AND CLINICAL SCIENCE DISCIPLINES AND ARE USED TO COMPARE STUDENT PERFORMANCE WITH A NATIONAL REFERENCE GROUP. A SERIES OF WEB-BASED SELF-ASSESSMENTS ARE AVAILABLE TO HELP STUDENTS ASSESS THEIR READINESS TO TAKE USMLE. FACULTY SERVICES INCLUDE ITEM-WRITING WORKSHOPS, AND MEDICAL SCHOOL LIAISON ACTIVITIES INCLUDE THE ADVISORY COMMITTEE FOR MEDICAL SCHOOL PROGRAMS.NOTE: THE EXPENSES REFLECTED ABOVE DO NOT INCLUDE MANAGEMENT AND GENERAL EXPENSES.
THE HEALTH PROFESSION SERVICES PROGRAM PROVIDES COMPREHENSIVE ASSESSMENT, EDUCATIONAL, CONSULTATIVE, AND RESEARCH SERVICES FOR HEALTHCARE ORGANIZATIONS. DURING 2021, NBME'S HEALTH PROFESSION SERVICES WORKED WITH A VARIETY OF ORGANIZATIONS TO ADMINISTER EXAMINATIONS FOR PURPOSES OF LICENSURE, CERTIFICATION, MAINTENANCE OF CERTIFICATION, EVALUATION OF SPECIAL COMPETENCE, IN-TRAINING, AND SELF-ASSESSMENT. THESE ORGANIZATIONS INCLUDED ALLIED HEALTH PROFESSIONAL ASSOCIATIONS, MEMBERS OF THE AMERICAN BOARD OF MEDICAL SPECIALTIES, AND MEDICAL SOCIETIES. EXAMINATIONS ARE ADMINISTERED WORLDWIDE, WHERE APPLICABLE.NOTE: THE EXPENSES REFLECTED ABOVE DO NOT INCLUDE MANAGEMENT AND GENERAL EXPENSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Peter J Katsufrakis President & CEO | OfficerTrustee | 45 | $878,041 |
Brian E Clauser Dist Research Sci | 45 | $517,566 | |
Thomas Rebbecchi 121-1021 Medical Advisor | 45 | $393,115 | |
Christopher A Feddock Executive Director, Csec | 45 | $391,787 | |
Michael A Barone Vp, Competency Based Assessment | 45 | $383,065 | |
Alex J Mechaber Vp, Usmle | 45 | $381,226 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Landmark Media Enterprises Llc Disaster Recovery Service | 12/30/21 | $375,509 |
Charlotte Foreshaw Consulting Services | 12/30/21 | $351,780 |
Perkins Coie Llp Legal Services | 12/30/21 | $325,255 |
Missionstaff Llp Employment Services | 12/30/21 | $325,093 |
Tyton Partners Consulting Llc Consulting Services | 12/30/21 | $315,380 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $149,355,711 |
Investment income | $8,150,819 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$187,741 |
Net Gain/Loss on Asset Sales | $41,000,325 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $198,319,114 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $450,927 |
Grants and other assistance to domestic individuals. | $10,000 |
Grants and other assistance to Foreign Orgs/Individuals | $131,889 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $5,198,569 |
Compensation of current officers, directors, key employees. | $3,133,842 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $53,254,913 |
Pension plan accruals and contributions | $14,855,858 |
Other employee benefits | $8,285,025 |
Payroll taxes | $3,847,919 |
Fees for services: Management | $0 |
Fees for services: Legal | $712,990 |
Fees for services: Accounting | $95,304 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $327,019 |
Fees for services: Other | $8,157,627 |
Advertising and promotion | $46,656 |
Office expenses | $844,589 |
Information technology | $9,769,087 |
Royalties | $0 |
Occupancy | $1,347,957 |
Travel | $308,829 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,244,034 |
Interest | $849,557 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,250,425 |
Insurance | $584,470 |
All other expenses | $478,704 |
Total functional expenses | $147,446,165 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $20,002,543 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,414,144 |
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 | $4,906,473 |
Net Land, buildings, and equipment | $55,033,067 |
Investments—publicly traded securities | $286,666,918 |
Investments—other securities | $60,419,999 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,675,522 |
Total assets | $441,118,666 |
Accounts payable and accrued expenses | $12,442,867 |
Grants payable | $0 |
Deferred revenue | $35,240,892 |
Tax-exempt bond liabilities | $28,589,953 |
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 | $118,139,318 |
Total liabilities | $194,413,030 |
Net assets without donor restrictions | $246,705,636 |
Net assets with donor restrictions | $0 |
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 | $441,118,666 |
Over the last fiscal year, National Board Of Medical Examiners has awarded $446,177 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
Urbana, IL PURPOSE: Grant - See Part IV | $181,294 |
Salt Lake City, UT PURPOSE: Grant - See Part IV | $74,124 |
Hempstead, NY PURPOSE: Grant - See Part IV | $70,940 |
Philadelphia, PA PURPOSE: Contribution-See Part IV | $60,319 |
Piscataway, NJ PURPOSE: Contribution-See Part IV | $40,000 |
Jenkintown, PA PURPOSE: Contribution - See Part IV | $12,500 |
Over the last fiscal year, we have identified 1 grants that National Board Of Medical Examiners has recieved totaling $21,442.
Awarding Organization | Amount |
---|---|
American Medical Association Chicago, IL PURPOSE: USMLE SCORING | $21,442 |
Beg. Balance | $40,468,581 |
Earnings | $13,863,932 |
Net Contributions | $59,531,419 |
Other Expense | $558,761 |
Grants | $458,248 |
Ending Balance | $112,846,923 |
Organization Name | Assets | Revenue |
---|---|---|
National Board Of Medical Examiners Philadelphia, PA | $441,118,666 | $198,319,114 |
Langhorne Physican Services Inc Langhorne, PA | $71,078,768 | $62,697,896 |
Association Of Public Health Laboratories Inc Silver Spring, MD | $22,041,513 | $89,928,640 |
American College Of Physicians Inc Philadelphia, PA | $166,251,470 | $66,810,188 |
American Society Of Health-System Pharmacists Bethesda, MD | $168,219,201 | $51,203,280 |
American Nurses Association Inc Silver Spring, MD | $72,047,526 | $33,274,226 |
Oncology Nursing Society Pittsburgh, PA | $48,820,451 | $29,142,020 |
Inteleos Inc Rockville, MD | $32,845,295 | $22,272,496 |
Chop Clinical Associates Inc Philadelphia, PA | $1,382,809 | $20,179,810 |
Hospital & Healthsystem Association Of Pennsylvania Inc Harrisburg, PA | $39,402,736 | $15,435,491 |
Plasma Protein Therapeutics Association Annapolis, MD | $7,828,244 | $13,003,501 |
American Podiatric Medical Assoc Bethesda, MD | $21,176,179 | $13,540,711 |