Federation Of State Boards Of Physical Therapy
- Assets
- $48.4m
- Revenue
- $19.8m
- Investments
- $0.0
- Employees
- 61
- Location
- Alexandria, VA
- Founding
- 10/1987
- Data as of
- 12/2021
- EIN
- 63-0946217
Organization Overview
Federation Of State Boards Of Physical Therapy is located in Alexandria, VA. The organization was established in 1987. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. As of 12/2021, Federation Of State Boards Of Physical Therapy employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federation Of State Boards Of Physical Therapy is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Federation Of State Boards Of Physical Therapy generated $19.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $22.8m during the year ending 12/2021. While expenses have increased by 8.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PUBLIC PROTECTION THROUGH LAWS & REGULATORY STANDARDS IN PHYSICAL THERAPY BY USE OF SYSTEMS THAT ASSESS ENTRY-LEVEL AND CONTINUING COMPETENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FEDERATION DEVELOPS AND ADMINISTERS EXAMS USED BY JURISDICTION LICENSING AUTHORITIES FOR PHYSICAL THERAPISTS AND PHYSICAL THERAPIST ASSISTANTS. IN 2021, APPROXIMATELY 24,000 LICENSURE EXAMS AND 24,000 PRACTICE EXAMS WERE PROVIDED TO CANDIDATES.
THE FEDERATION MAINTAINS A DATABASE OF DISCIPLINARY ACTIONS TAKEN BY JURISDICTION LICENSING AUTHORITIES WITH RESPECT TO PHYSICAL THERAPISTS AND PHYSICAL THERAPIST ASSISTANTS. SUCH INFORMATION IS PROVIDED TO JURISDICTION LICENSING AUTHORITIES WHO CURRENTLY LICENSE OR ARE CONSIDERING LICENSURE OF A CANDIDATE. THIS EXPENSE CATEGORY ALSO INCLUDES INFORMATION SERVICES SUPPORT FOR OTHER PROGRAM AREAS, SUCH AS EXAM ADMINISTRATION, JURISPRUDENCE, AND CONTINUING COMPETENCE.
THE FEDERATION ADMINISTERS JURISPRUDENCE EXAMS ON BEHALF OF ITS MEMBERS. THESE EXAMS ARE REQUIRED BY THE JURISDICTION LICENSING AUTHORITIES. IN 2021, APPROXIMATELY 41,000 JURISPRUDENCE EXAMS WERE PROVIDED TO CANDIDATES.ADDITIONALLY, THE FEDERATION ADMINISTERS A CONTINUING COMPETENCE PROGRAM, WHICH ASSISTS JURISDICTION LICENSING AUTHORITIES IN THEIR EFFORTS TO EVALUATE AND MONITOR THE CONTINUED COMPETENCE OF THEIR LICENSEES. THE PROGRAM OFFERS SEVERAL SERVICES AND A SYSTEM THAT CAPTURES INFORMATION THAT JURISDICTION LICENSING AUTHORITIES CAN ACCESS. INCLUDED IN THE SERVICES ARE: LICENSEE SERVICES LICENSEES MAY PURCHASE A SUBSCRIPTION THAT ALLOWS THEM TO ENTER INFORMATION FOR A SINGLE LICENSE OR MULTIPLE LICENSES. LICENSEES CAN THEN CUSTOMIZE NOTIFICATIONS SO THAT THEY CAN RECEIVE REMINDERS OF WHEN THEIR LICENSES MUST BE RENEWED AND WHAT THEIR CONTINUING COMPETENCE REQUIREMENTS ARE FOR EACH JURISDICTION LICENSING AUTHORITY IN WHICH THEY ARE LICENSED. LICENSEES ARE ABLE TO TRACK THEIR PROGRESS TOWARD MEETING THE JURISDICTION LICENSING AUTHORITIES' REQUIREMENTS AS WELL AS SEARCH FOR ACTIVITIES THAT MEET THEIR DEVELOPMENT NEEDS AND ARE APPROVED BY THE JURISDICTION LICENSING AUTHORITIES.
THE FEDERATION SERVES AS A RESOURCE TO ITS MEMBER LICENSURE JURISDICTIONS WHEN THEY HAVE A QUESTION INVOLVING PROFESSIONAL STANDARDS, LEGISLATION, LICENSURE PRACTICES, ETC. IN ADDITION, THE FEDERATION PROVIDES EDUCATIONAL OPPORTUNITIES FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Hatherill CEO | Officer | 40 | $761,476 |
Susan Newman COO | Officer | 40 | $696,859 |
Linda Michelsen CFO | Officer | 40 | $341,782 |
Lorin Mueller Managing Dir-Assessment | 40 | $278,963 | |
Richard Woolf Chief Professional Officer | Officer | 40 | $263,921 |
Christine Sousa Managing Dir-Exam Svcs | 40 | $238,753 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
We & Goliath Meeting Software | 12/30/21 | $190,700 |
Designdata Computer Consulting | 12/30/21 | $182,426 |
Prometric Testing Services | 12/30/21 | $135,218 |
Computer Enterprises Computer Software | 12/30/21 | $157,235 |
Anchor Technologies Inc Cyber Security Risk Management | 12/30/21 | $115,479 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $18,384,511 |
| Investment income | $553,461 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $397,705 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,831,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,764,550 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,646,016 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,660,508 |
| Pension plan accruals and contributions | $615,629 |
| Other employee benefits | $597,662 |
| Payroll taxes | $384,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,731 |
| Fees for services: Accounting | $69,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,000 |
| Fees for services: Other | $314,766 |
| Advertising and promotion | $150 |
| Office expenses | $208,021 |
| Information technology | $779,426 |
| Royalties | $0 |
| Occupancy | $875,621 |
| Travel | $12,942 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $238,484 |
| Interest | $10,977 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,191,531 |
| Insurance | $96,281 |
| All other expenses | $14,976 |
| Total functional expenses | $22,776,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329 |
| Savings and temporary cash investments | -$897,361 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $565,228 |
| 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 | $176,125 |
| Net Land, buildings, and equipment | $4,054,803 |
| Investments—publicly traded securities | $36,214,820 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,286,979 |
| Total assets | $48,400,923 |
| Accounts payable and accrued expenses | $860,528 |
| Grants payable | $0 |
| Deferred revenue | $2,292,138 |
| 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 | $1,634,052 |
| Total liabilities | $4,786,718 |
| Net assets without donor restrictions | $43,614,205 |
| 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 | $48,400,923 |
Grants Awarded
Over the last fiscal year, Federation Of State Boards Of Physical Therapy has awarded $8,764,550 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, VA PURPOSE: GENERAL SUPPORT | $6,000,000 |
Alexandria, VA PURPOSE: LOAN FORGIVENESS | $2,764,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chesapeake Regional Information System For Our Patients Inc Columbia, MD | $18,949,461 | $51,004,961 |
Quality Insights Inc Charleston, WV | $38,996,129 | $24,316,606 |
Federation Of State Boards Of Physical Therapy Alexandria, VA | $48,400,923 | $19,831,466 |
Access East Inc Greenville, NC | $17,706,181 | $13,737,362 |
Vna Inc Calverton, MD | $12,459,420 | $18,987,537 |
National League For Nursing Inc Washington, DC | $10,616,054 | $12,535,414 |
Medical Review Of North Carolina Inc Raleigh, NC | $38,116,214 | $10,941,934 |
Eastern Area Health Education Center Inc Greenville, NC | $13,343,135 | $5,943,394 |
Kentucky Hospital Association Louisville, KY | $31,664,606 | $12,702,880 |
Community Care Of The Lower Cape Fear Inc Wilmington, NC | $8,195,443 | $2,929,043 |
Rad-Aid International Inc Chevy Chase, MD | $14,341,961 | $1,480,049 |
Healthcare Education Foundation Of West Virginia Charleston, WV | $997,259 | $3,879,438 |