Federation Of State Boards Of Physical Therapy
- Assets
- $62.1m
- Revenue
- $23.4m
- Investments
- $9.7m
- Employees
- 55
- Location
- Alexandria, VA
- Founding
- 10/1987
- Data as of
- 12/2023
- 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 12/2023, Federation Of State Boards Of Physical Therapy employed 55 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 12/2023, Federation Of State Boards Of Physical Therapy generated $23.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $25.0m during the year ending 12/2023. While expenses have increased by 7.3% per year over the past 9 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 2020, Federation Of State Boards Of Physical Therapy has awarded 13 individual grants totaling $27,472,195. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PUBLIC PROTECTION THROUGH LAWS & REGULATORY STANDARDS IN PHYSICAL THERAPY (SEE SCH O) 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 2023, APPROXIMATELY 26,000 LICENSURE EXAMS AND 28,000 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 ARECONSIDERING 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 2023, APPROXIMATELY 46,000 JURISPRUDENCE EXAMS WERE PROVIDED TO CANDIDATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Relling President | OfficerTrustee | 10 | $16,000 |
Michele Thorman Vice President | OfficerTrustee | 5 | $8,000 |
Ruggiero Canizares Treasurer | OfficerTrustee | 5 | $8,000 |
Cindy Potter Secretary | OfficerTrustee | 5 | $8,000 |
Ellen Kroog Donald Director | Trustee | 5 | $8,000 |
Joni Kalis Director | Trustee | 5 | $6,667 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hyatt Travel Services | 12/30/23 | $528,332 |
Designdata Computing Consulting | 12/30/23 | $308,949 |
Ritz Carlton Travel Services | 12/30/23 | $218,044 |
Prometric Tests | 12/30/23 | $254,561 |
Travel Leaders Travel Services | 12/30/23 | $271,644 |
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 | $20,059,564 |
| Investment income | $2,597,435 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$360 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,356,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,745,497 |
| 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. | $3,001,706 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,396,959 |
| Pension plan accruals and contributions | $1,180,273 |
| Other employee benefits | $595,650 |
| Payroll taxes | $392,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $158,016 |
| Fees for services: Accounting | $94,758 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $806,487 |
| Advertising and promotion | $9,929 |
| Office expenses | $237,040 |
| Information technology | $937,137 |
| Royalties | $0 |
| Occupancy | $655,571 |
| Travel | $1,017,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $523,850 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $717,201 |
| Insurance | $87,567 |
| All other expenses | $29,163 |
| Total functional expenses | $25,047,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145 |
| Savings and temporary cash investments | $13,474,119 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,900 |
| 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 | $716,408 |
| Net Land, buildings, and equipment | $2,354,382 |
| Investments—publicly traded securities | $35,471,416 |
| Investments—other securities | $9,667,036 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $323,587 |
| Total assets | $62,073,993 |
| Accounts payable and accrued expenses | $11,311,035 |
| Grants payable | $0 |
| Deferred revenue | $2,483,562 |
| 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 | $1,846,321 |
| Total liabilities | $15,640,918 |
| Net assets without donor restrictions | $46,433,075 |
| 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 | $62,073,993 |
Grants Awarded
Over the last fiscal year, Federation Of State Boards Of Physical Therapy has awarded $10,743,392 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
KING-WEST PROPERTIES INC PURPOSE: LOAN FORGIVENESS | $678,695 |
PT COMPACT PURPOSE: GRANTS TO VARIOUS JURISDICTIONS | $47,227 |
HEALTHCARE REGULATORY RESEARCH INSTITUTE PURPOSE: CONTRIBUTION | $10,000,000 |
NEVADA PHYSICAL THERAPY BOARD PURPOSE: NEVADA STATE GRANT | $17,470 |