Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | 8,619,761 | 9,571,257 | 10,076,181 | 10,884,531 | 11,068,260 | 50,219,990 |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | 8,619,761 | 9,571,257 | 10,076,181 | 10,884,531 | 11,068,260 | 50,219,990 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | 0 | |||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | 0 | |||||
| c | Add lines 7a and 7b.. | 0 | |||||
| 8 | Public support. (Subtract line 7c from line 6.) | 50,219,990 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 8,619,761 | 9,571,257 | 10,076,181 | 10,884,531 | 11,068,260 | 50,219,990 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 616,306 | 976,621 | 217,264 | 305,012 | 238,657 | 2,353,860 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 616,306 | 976,621 | 217,264 | 305,012 | 238,657 | 2,353,860 |
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | 25,000 | 24,883 | 50,360 | 27,700 | 24,850 | 152,793 |
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 9,261,067 | 10,572,761 | 10,343,805 | 11,217,243 | 11,331,767 | 52,726,643 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2022 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2022 |
(iii) Distributable Amount for 2022 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2022 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2022: | ||||
| a From 2017....... | ||||
| b From 2018....... | ||||
| c From 2019....... | ||||
| d From 2020....... | ||||
| e From 2021....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2022 distributable amount | ||||
|
i
Carryover from 2017 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2022 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2022 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2023. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2018..... | ||||
| b Excess from 2019..... | ||||
| c Excess from 2020..... | ||||
| d Excess from 2021..... | ||||
| e Excess from 2022..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | COMMITTEES OF THE BOARD SHALL BE STANDING OR SPECIAL. THE EXECUTIVE COMMITTEE, FINANCE COMMITTEE, AUDIT COMMITTEE, GOVERNANCE COMMITTEE, DATA RELEASE AND RESEARCH COMMITTEE, POLICY REVIEW COMMITTEE, AND COMPENSATION COMMITTEE SHALL BE STANDING COMMITTEES. EVERY COMMITTEE SHALL CONSIST OF AT LEAST THREE, BUT NOT MORE THAN TEN MEMBERS OF WHICH THERE MUST BE TWO DIRECTORS AND A MAJORITY OF ITS MEMBERSHIP SHALL BE DIRECTORS. EXCEPT FOR THE EXECUTIVE COMMITTEE AND THE AUDIT COMMITTEE, ALL STANDING COMMITTEES MUST HAVE AT LEAST ONE STUDENT AND AT LEAST ONE RESIDENT. ALL COMMITTEE CHAIRS AND COMMITTEE MEMBERS SHALL BE APPOINTED BY THE CHAIR WITH THE APPROVAL OF THE BOARD. BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL OF THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE CORPORATION, EXCEPT TO THE EXTENT, IF ANY, THAT SUCH AUTHORITY SHALL BE LIMITED BY RESOLUTION OF THE BOARD. THE DELEGATION OF AUTHORITY TO THE EXECUTIVE COMMITTEE SHALL NOT RELIEVE THE DIRECTORS OF ANY RESPONSIBILITY IMPOSED UPON THEM BY LAW. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION UPDATED IT BYLAWS DURING THE TAX YEAR. SIGNIFICANT CHANGES WERE AS FOLLOWS: 1. PREVIOUSLY, THE MEMBERS OF THE BOARD OF DIRECTORS WERE REFLECTED BY A BROAD AND REPRESENTATIVE SPECTRUM OF THE ACADEMIC MEDICAL COMMUNITY. IN ADDITION TO, THE BOARD ADDED THE BOARD MAY APPOINT DIRECTORS WITH OTHER SPECIAL SKILLS, EXPERTISE, OR EXPERIENCE ALONG WITH APPROVING INDIVIDUALS WITH SKILLS AND EXPERIENCE DEEMED NECESSARY WITHOUT A CALL FOR NOMINATIONS. 2. PREVIOUSLY, STUDENT AND RESIDENT PHYSICIAN DIRECTORS WERE ABLE TO SERVE FOR A TERM OF TWO YEARS AND ELIGIBLE FOR A SECOND, ONE-YEAR TERM. IN ADDITION TO, STUDENT AND RESIDENT PHYSICIAN DIRECTORS WILL NEED A RECOMMENDATION OF THE GOVERNANCE COMMITTEE AND APPROVAL BY THE BOARD OF DIRECTORS. 3. PREVIOUSLY, ALL OTHER DIRECTORS WERE ABLE TO SERVE TERMS OF FOUR YEARS WITH A LIMIT OF TWO FOUR-YEAR TERMS. THIS WAS UPDATED TO ALL OTHER DIRECTORS CAN SERVE FOR TERMS OF THREE YEARS, WITH A LIMIT OF TWO THREE-YEAR TERMS. 4. PREVIOUSLY, THERE WAS NO RESTRICTION FROM AN OFFICER SERVING MORE THAN ONE TERM. IN ADDITION TO, THE BOARD OF DIRECTORS WILL NEED TO APPROVE ADDITIONAL TERMS. 5. PREVIOUSLY, THE CHAIR DESIGNATE WAS NOT ACTING ON A COMMITTEE. CURRENTLY, THE CHAIR DESIGNATE SHALL ACT AS THE CHAIR OF THE GOVERNANCE COMMITTEE AND PERFORM ALL DUTIES INCIDENT TO THE OFFICE OF CHAIR DESIGNATE. 6. PREVIOUSLY, THE IMMEDIATE PAST CHAIR WAS ASSUMING THE DUTIES OF THE CHAIR OF THE NOMINATION COMMITTEE AND SERVING ON THE EXECUTIVE AND COMPENSATION COMMITTEES. CURRENTLY, THE IMMEDIATE PAST CHAIR SHALL BE A MEMBER OF THE GOVERNANCE COMMITTEE AND THE COMPENSATION COMMITTEE. 7. PREVIOUSLY, THE AUDIT COMMITTEE WAS THE ONLY COMMITTEE THAT DID NOT FOLLOW THE REQUIREMENTS TO HAVE AT LEAST ONE STUDENT AND ONE RESIDENT. CURRENTLY, ALL STANDING COMMITTEES EXCEPT THE EXECUTIVE COMMITTEE AND THE AUDIT COMMITTEE MUST FOLLOW THE REQUIREMENT TO HAVE AT LEAST ONE STUDENT AND ONE RESIDENT. 8. PREVIOUSLY, ALL COMMITTEE CHAIRS COULD BE APPOINTED BY A MAJORITY OF THE DIRECTORS OR BY THE CHAIR WITH APPROVAL OF THE BOARD. CURRENTLY, ALL COMMITTEE CHAIRS AND COMMITTEE MEMBERS SHALL BE APPOINTED BY THE CHAIR WITH THE APPROVAL OF THE BOARD. 9. THE ORGANIZATION NO LONGER HAS THE BYLAWS COMMITTEE AND NOMINATING COMMITTEE. 10. THE ORGANIZATION HAS ADDED THE GOVERNANCE COMMITTEE. THE GOVERNANCE COMMITTEE SHALL BE COMPOSED OF NO MORE THAN SEVEN DIRECTORS AND BE CHAIRED BY THE CHAIR DESIGNATE. THE GOVERNANCE COMMITTEE SHALL INCLUDE THE IMMEDIATE PAST CHAIR, ONE RESIDENT DIRECTOR, ONE STUDENT DIRECTOR, AND THREE OTHER BOARD MEMBERS ELECTED BY THE BOARD. THE GOVERNANCE COMMITTEE SHALL FUNCTION IN ACCORDANCE WITH THE CHARTER DOCUMENT APPROVED BY THE BOARD OF DIRECTORS WITH OVERARCHING RESPONSIBILITY FOR REVIEW OF THE BYLAWS AT LEAST EVERY TWO YEARS WITH PROPOSED AMENDMENTS IN PROPER FORM FOR SUBMISSION TO THE BOARD OF DIRECTORS; CONFLICT OF INTEREST/DUALITY OF INTEREST POLICY DEVELOPMENT AND OVERSIGHT; NOMINATIONS POLICY AND PROCESS PERTAINING TO THE SOLICITATION OF CANDIDATES TO SERVE AS DIRECTORS OF THE CORPORATION AND PREPARATION OF A SLATE OF CANDIDATES FOR ELECTION BY A MAJORITY THE BOARD OF DIRECTORS; ORIENTATION, RETENTION, AND RENEWAL OF DIRECTORS ON THE BOARD OF DIRECTORS; CYBER SECURITY OVERSIGHT; ENTERPRISE RISK MANAGEMENT OVERSIGHT; AND BOARD DEVELOPMENT AND BEST PRACTICES. 11. PREVIOUSLY, THE EXECUTIVE COMMITTEE WAS COMPRISED OF THE CHAIR OF EACH STANDING COMMITTEE AND SHALL INCLUDE THE CHAIR, THE CHAIR DESIGNATE, THE IMMEDIATE PAST CHAIR, ONE STUDENT DIRECTOR, AND ONE RESIDENT PHYSICIAN DIRECTOR. CURRENTLY, THE EXECUTIVE COMMITTEE SHALL COMPRISE OF OFFICERS OF THE BOARD OF DIRECTORS AND ONE RESIDENT DIRECTOR. THE RESIDENT DIRECTOR SHALL HOLD A TERM OF ONE YEAR. 12. THE ORGANIZATION MOVED THE RESPONSIBILITY OF ADJUDICATE ALLEGED VIOLATIONS OF MATCH PARTICIPATION AGREEMENTS FROM THE POLICY REVIEW COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY THE ORGANIZATIONS MANAGEMENT. A DRAFT OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD FOR REVIEW AND TO REQUEST CHANGES PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL DIRECTORS, OFFICERS, AND COMMITTEE MEMBERS WITH POWER DESIGNATED BY THE BOARD OF DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST, AS WELL AS IF ANY ARISE THROUGHOUT THE YEAR. IT IS THE RESPONSIBILITY OF THE BOARD, MINUS THE INTERESTED PERSON, TO DETERMINE IF A CONFLICT OF INTEREST WILL IMPACT DECISION MAKING. IF A CONFLICT IS FOUND, THE INTERESTED PARTY IS NOT ALLOWED TO PARTICIPATE IN DISCUSSION OR VOTING ON THE MATTER. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT'S SALARY, SALARY INCREASES, BENEFITS AND/OR BONUSES SHALL BE SET FORTH BY A COMPENSATION COMMITTEE COMPRISED OF THE CHAIR, CHAIR ELECT, AND PAST CHAIR OF THE BOARD OF THE NATIONAL RESIDENT MATCHING PROGRAM. A MARKET PRICING ANALYSIS WAS PERFORMED BY CULPEPPER AND ASSOCIATES TO DETERMINE RECOMMENDED SALARY RANGES. THEY ANALYZED JOB CONTENT DATA AND CONDUCTED A MARKET PAY ANALYSIS, BENCHMARKING OTHER NON-PROFITS ACROSS THE COUNTRY (EXCLUDING NY AND CA) TO DEVELOP COMPETITIVE MARKET PAY RATES. LAST REVIEWED IN 2022. CULPEPPER AND ASSOCIATES REVIEWS THE MOVEMENT OF SALARY RANGES FOR SIMILAR POSITIONS, AS WELL AS THE AVERAGE SALARY INCREASES FOR EMPLOYEES IN THE NONPROFIT SECTOR. THE SENIOR TEAM AND CEO POSITIONS WERE INCLUDED IN THIS REVIEW. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| Software ID: | |
| Software Version: |