National Medical Fellowships Inc
- Assets
- $7.6m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 22
- Location
- alexandria, VA
- Founding
- 07/2010
- Data as of
- 12/2021
- 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 12/2021, National Medical Fellowships Inc employed 22 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 12/2021, National Medical Fellowships Inc generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 0.5% 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
NATIONAL MEDICAL FELLOWSHIPS INC.S ("NMF") MISSION IS TO PROVIDE SCHOLARSHIPS AND SUPPORT FOR UNDERREPRESENTED MINORITY STUDENTS IN MEDICINE AND IN THE HEALTH PROFESSIONS. NMFS GOAL IS TO IDENTIFY AND NURTURE TOMORROWS DIVERSE HEALTHCARE LEADERS WHO WILL HAVE THE KNOWLEDGE, SKILLS, CULTURAL COMPETENCY AND COMMITMENT TO ACHIEVE HEALTH EQUITY. NMFS VISION IS TO EMPOWER AND SUPPORT ASPIRING PHYSICIANS AND HEALTH PROFESSIONALS UNDERREPRESENTED IN MEDICINE TO CONTRIBUTE TO THE HEALTH OF OUR NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE LEARING PROGRAMS - THE NMF SERVICE-LEARNING PROGRAMS PROVIDE SPECIAL OPPORTUNITIES FOR STUDENTS TO WORK HANDS-ON TO ENHANCE HEALTHCARE DELIVERY IN UNDERREPRESENTED COMMUNITIES IN LOCAL AND NATIONAL SETTINGS. THESE PROGRAMS MATCH STUDENTS WITH MENTORS, OFTEN EMINENT NMF ALUMNI, AND FOCUS ON AREAS OF CRITICAL CLINICAL/PUBLIC HEALTH NEED.
POST-GRADUATE PROGRAMS:THROUGH ITS SCHOLARSHIP AND SERVICE-LEARNING PROGRAMS, NMF HAS BEEN INSTRUMENTAL IN INCREASING THE NUMBER OF UNDERREPRESENTED MINORITY PHYSICIANS, PHYSICIAN SCIENTIST AND RESEARCHERS IN THE US. MOST RECENTLY, NMF HAS EXPANDED ITS PROGRAMMING TO PROVIDE TRAINING AND SUPPORT FOR MINORITY PHYSICIANS TO BECOME MORE ACTIVELY INVOLVED IN CLINICAL TRIALS. NMFS NEW DIVERSITY IN RESEARCH PROGRAMS PORTFOLIO IS COMPRISED OF TWO MAJOR INITIATIVES, WHICH SHARE THE ULTIMATE GOAL OF INCREASING UNDERREPRESENTED MINORITY PATIENT ENGAGEMENT AND PARTICIPATION IN CLINICAL RESEARCH TO ENSURE THAT TREATMENT AND PREVENTATIVE REGIMENS ARE THOROUGHLY INVESTIGATED ACROSS ALL INTENDED TARGET POPULATIONS.
SCHOLARSHIPS AND AWARDS - THE CORE PROGRAM OF NMF IS THE SCHOLARSHIPS AND AWARDS PROGRAM. OFFERED PRIMARILY TO UNDERREPRESENTED MINORITY MEDICAL AND HEALTH PROFESSIONS STUDENTS, THESE SCHOLARSHIPS ARE GRANTED ON MERIT AND FINANCIAL NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michellene Davis President & CEO | Officer | 40 | $234,035 |
Franca Gaudio COO | Officer | 40 | $217,251 |
Paula Mejia Cdo | 40 | $184,562 | |
Joy Lee Jones Program Director | 40 | $155,982 | |
Stephen N Keith Treas/secretary | OfficerTrustee | 5 | $0 |
Sandra B Nichols Chairperson | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $229,113 |
| Related organizations | $0 |
| Government grants | $173,863 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,620,283 |
| Noncash contributions included in lines 1a–1f | $324,972 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,023,259 |
| Total Program Service Revenue | $0 |
| Investment income | $27,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,870 |
| Net Income from Fundraising Events | $1,858,717 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,946,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,803,092 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $423,082 |
| Compensation of current officers, directors, key employees. | $47,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,061,036 |
| Pension plan accruals and contributions | $50,021 |
| Other employee benefits | $90,756 |
| Payroll taxes | $93,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,140 |
| Fees for services: Accounting | $60,132 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $361,806 |
| Advertising and promotion | $7,558 |
| Office expenses | $6,519 |
| Information technology | $5,376 |
| Royalties | $0 |
| Occupancy | $61,826 |
| Travel | $31,718 |
| 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 | $9,771 |
| Insurance | $13,980 |
| All other expenses | $21,314 |
| Total functional expenses | $4,384,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,985,830 |
| Savings and temporary cash investments | $1,247,984 |
| Pledges and grants receivable | $1,657,966 |
| 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 | $91,871 |
| Net Land, buildings, and equipment | $19,897 |
| Investments—publicly traded securities | $1,305,919 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $307,217 |
| Total assets | $7,616,684 |
| Accounts payable and accrued expenses | $646,413 |
| Grants payable | $0 |
| Deferred revenue | $2,006,815 |
| 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 | $316,416 |
| Total liabilities | $2,969,644 |
| Net assets without donor restrictions | $2,661,084 |
| Net assets with donor restrictions | $1,985,956 |
| 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 | $7,616,684 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that National Medical Fellowships Inc has recieved totaling $529,500.
| Awarding Organization | Amount |
|---|---|
Association Of American Medical Colleges Washington, DC PURPOSE: TUITION ASSISTANCE | $105,750 |
Rize Massachusetts Foundation Inc Boston, MA PURPOSE: PRIMARY CARE LEADERSHIP PROGRAM | $94,000 |
California Healthcare Foundation Oakland, CA PURPOSE: GENERAL SUPPORT. MEDICAL EDUCATION SCHOLARSHIPS FOR UNDERREPRESENTED MINORITIES. LOS ANGELES CHAMPIONS OF HEALTH AWARDS, 2021. PRIMARY CARE LEADERSHIP PROGRAM SCHOLARS AT NORTHEAST VALLEY HEALTH CORPORATION IN SAN FERNANDO VALLEY, CA. | $88,750 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: National Medical Fellowships, 2021 New York Champi | $50,000 |
Altamed Health Services Corp Los Angeles, CA PURPOSE: REDUCE HEALTH DISPARITY IN UNDERSERVED COMMUNITIES. | $25,750 |
Henry Ford Health System Detroit, MI PURPOSE: ORGANIZATIONAL SUPPORT | $25,750 |
Endowment Analysis
| Beg. Balance | $2,463,870 |
| Earnings | $34,591 |
| Net Contributions | $2,166,714 |
| Other Expense | $2,004,091 |
| Ending Balance | $2,661,084 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Laborers Health Fund Goodlettsville, TN | $21,527,387 | $8,809,889 |
District Of Columbia Primary Care Association Washington, DC | $3,588,811 | $8,549,433 |
National Organization Of Life And Health Insurance Guaranty Assocs Herndon, VA | $20,054,477 | $6,345,188 |
Leap Frog Group Washington, DC | $7,897,278 | $6,979,738 |
West Tennessee Healthcare Foundation Jackson, TN | $50,344,324 | $8,274,920 |
Pqa Inc Alexandria, VA | $9,185,809 | $6,455,435 |
National Medical Fellowships Inc alexandria, VA | $7,616,684 | $5,946,697 |
National Automobile Dealers Association Health Benefit Plan Tysons, VA | $274,352 | $3,896,581 |
Life And Health Insurance Foundation For Education Arlington, VA | $4,929,760 | $3,872,608 |
Carolina-Virginia Ufcw & Employers Health Benefit Fund Norfolk, VA | $753,587 | $3,174,906 |
Connectvirginia Hie Inc Richmond, VA | $1 | $1,030,812 |
School-Based Health Alliance Washington, DC | $2,900,501 | $3,363,491 |