Civic Intelligence

Medical Students for Choice

990 • Fiscal year 2023 • EIN 20-5263777

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 19, 2024

PO Box 20132Philadelphia, PA 19145

(215) 625-0800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.02x

Higher debt load relative to assets than 27% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

31st percentile

0.07x

Higher debt load relative to revenue than 31% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

81st percentile

28%

Higher net margin than 81% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$191,170

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

77th percentile

21%

Faster asset growth than 77% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

185%

Faster revenue growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$6,332,947

Up $1,102,031 (+21%) from 2022

Net Assets

Up

$6,178,222

Up $1,095,319 (+22%) from 2022

Liabilities

Up

$154,725

Up $6,712 (+4.5%) from 2022

Revenue

Up

$2,165,364

Up $1,406,890 (+185%) from 2022

Expenses

Up

$1,552,947

Up $261,596 (+20%) from 2022

Net Income

Up

$612,417

Up $1,145,294 (+215%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,662,555Liabilities 2010: $50,468Net Assets 2010: $3,612,0872010Assets 2011: $3,174,531Liabilities 2011: $53,178Net Assets 2011: $3,121,3532011Assets 2012: $2,752,557Liabilities 2012: $35,907Net Assets 2012: $2,716,6502012Assets 2013: $3,496,710Liabilities 2013: $41,596Net Assets 2013: $3,455,1142013Assets 2014: $3,270,365Liabilities 2014: $42,965Net Assets 2014: $3,227,4002014Assets 2015: $3,246,305Liabilities 2015: $45,469Net Assets 2015: $3,200,8362015Assets 2016: $3,628,944Liabilities 2016: $41,858Net Assets 2016: $3,587,0862016Assets 2017: $3,990,663Liabilities 2017: $182,994Net Assets 2017: $3,807,6692017Assets 2018: $4,284,673Liabilities 2018: $153,768Net Assets 2018: $4,130,9052018Assets 2019: $4,763,639Liabilities 2019: $187,221Net Assets 2019: $4,576,4182019Assets 2020: $5,636,865Liabilities 2020: $71,093Net Assets 2020: $5,565,7722020Assets 2021: $6,432,844Liabilities 2021: $219,051Net Assets 2021: $6,213,7932021Assets 2022: $5,230,916Liabilities 2022: $148,013Net Assets 2022: $5,082,9032022Assets 2023: $6,332,947Liabilities 2023: $154,725Net Assets 2023: $6,178,2222023Assets 2024: $7,125,553Liabilities 2024: $166,702Net Assets 2024: $6,958,8512024

Highlighted filing

2023

Assets$6,332,947
Liabilities$154,725
Net Assets$6,178,222

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $987,7432010Expenses 2011: $1,070,2922011Expenses 2012: $1,045,0802012Revenue 2013: $1,763,584Expenses 2013: $1,131,798Net Income 2013: $631,7862013Revenue 2014: $899,011Expenses 2014: $1,170,907Net Income 2014: -$271,8962014Revenue 2015: $1,322,961Expenses 2015: $1,320,614Net Income 2015: $2,3472015Revenue 2016: $1,629,906Expenses 2016: $1,331,756Net Income 2016: $298,1502016Revenue 2017: $1,383,150Expenses 2017: $1,323,530Net Income 2017: $59,6202017Revenue 2018: $1,785,014Expenses 2018: $1,379,303Net Income 2018: $405,7112018Revenue 2019: $1,739,857Expenses 2019: $1,638,027Net Income 2019: $101,8302019Revenue 2020: $2,023,411Expenses 2020: $1,373,163Net Income 2020: $650,2482020Revenue 2021: $1,528,313Expenses 2021: $1,251,286Net Income 2021: $277,0272021Revenue 2022: $758,474Expenses 2022: $1,291,351Net Income 2022: -$532,8772022Revenue 2023: $2,165,364Expenses 2023: $1,552,947Net Income 2023: $612,4172023Revenue 2024: $2,087,760Expenses 2024: $1,693,507Net Income 2024: $394,2532024

Highlighted filing

2023

Revenue$2,165,364
Expenses$1,552,947
Net Income$612,417
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 19, 2024
Return Version
2023v5.0
Gross Receipts
$2,165,364
Mission and Program Overview

Mission

MSFC recognizes that one of the greatest obstacles to safe and legal abortion is the absence of trained providers. As medical students and residents, we are working to make reproductive health care, including abortion, a standard part of medical education and residency training.

To support future abortion care providers and advocate for reproductive justice globally.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,908,426$3,407,823▲ $499,397
Savings and Temporary Cash Investments$2,055,272$2,297,934▲ $242,662
Pledges and Grants Receivable-$250,000-
Cash and Non-Interest-Bearing Accounts$111,486$185,007▲ $73,521
Accounts Receivable$47,426$69,379▲ $21,953
Prepaid Expenses and Deferred Charges$31,094$41,711▲ $10,617
Land, Buildings, and Equipment, Net$6,122$3,363▼ $2,759
Total Assets$5,230,916$6,332,947▲ $1,102,031
Other Assets Total$71,090$77,730▲ $6,640
Liabilities
Accounts Payable and Accrued Expenses$75,145$86,205▲ $11,060
Other Liabilities$72,868$68,520▼ $4,348
Total Liabilities$148,013$154,725▲ $6,712
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,721,208$5,459,372▲ $738,164
Net Assets With Donor Restrictions$361,695$718,850▲ $357,155
Total Net Assets Fund Balance$5,082,903$6,178,222▲ $1,095,319
Total Liabilities and Net Assets / Fund Balance$5,230,916$6,332,947▲ $1,102,031

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,363$22,997$26,360
Other Land Buildings-$3,500$3,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pamela MerritExecutive DiFT$164,847$26,323$191,170
Pamela MerritExecutive Director-$164,847$26,323$191,170
Tiffany StoutFinance ManaFT$111,846$18,952$130,798

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,029,985
Program Service Revenue
$12,600
Investment Income
$120,725
Other Revenue
$2,054
All Other Contributions
$2,029,985
Change in Net Assets
$612,417

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$566,337
Total Noncash Contributions1$566,337

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,165,364
Revenue Not Reported on Form 990
$482,902
Total Revenue per Audited Statements
$2,648,266
Total Revenue per Form 990
$2,165,364
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,094,278
Other Expenses$451,059
Total Fundraising Expense$153,563
Grants and Similar Amounts Paid$7,610
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$417,277$118,036$61,799$597,112
Current Officers, Directors, Trustees, and Key Employees$227,272$59,814$34,882$321,968
Other Employee Benefits$76,232$11,499$14,038$101,769
Occupancy$67,876$11,460$8,815$88,151
Payroll Taxes$56,534$9,568$7,327$73,429
Office Expenses$36,031$5,204$21,086$62,321
Conferences and Meetings$36,782--$36,782
Fees for Services Other$16,567$15,387$1,084$33,038
Travel$23,657$464$57$24,178
Fees for Services Legal$8,158$7,576$534$16,268
Insurance$6,099$8,673$793$15,565
Fees for Services Accounting$6,670$6,194$436$13,300
Other Expenses$9,691$176$328$10,195
Foreign Grants$7,610--$7,610
All Other Expenses$5,443$928$970$7,341
Depreciation Depletion$2,124$359$276$2,759
Total Functional Expenses$1,141,306$258,078$153,563$1,552,947

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,552,947
Total Expenses per Audited Statements$1,552,947
Total Expenses per Form 990$1,552,947
International Activity

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$68,520
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 draft is provided to the treasurer and saved to the board of director's shared cloud storage drive for all members to access.

Form 990, Page 6, Part VI, Line 12C

At the new board member orientation, members sign a statement of their commitment to their responsibilities. The disclosure wording follows. Members must safeguard the credibility and integrity of the organization by making a good faith effort to place the welfare of the organization before personal benefit. Board members who suspect they may have a potential conflict of interest between board responsibilities and an individual obligation must disclose this to the board and abstain from discussion and voting regarding that issue. Open, honest and professional discussion of potential conflicts of interest is expected of all board members. The board values the range of perspectives brought to board discussions by individuals with diverse organizational experience and professional relationships; potential conflicts may be expected. These guidelines will ensure that the interests of msfc will be paramount in the decision-making role of the board. Potential conflicts of interest include, but are not limited to: a) an organization with which the board member has a relationship is being considered for a contractual relationship with msfc. B) the board member, or an organization with which the board member has a relationship, may benefit from research utilizing msfcs evaluation data. C) the board member's knowledge of msfc's donors may assist another organization. D) the board member's personal relationship with a school coordinator may influence the decision-making process of assigning organizing funds, scholarships, externship or awards. Note: all board members must sign and comply with the following independent voting board member statement. Independent voting board member statement a member of the governing body of medical students for choice is considered 'independent' only if all three of the following circumstances applied at all times during the organization's tax year: 1. The member was not compensated as an officer or employee of medical students for choice. 2. The member did not receive payments exceeding 10,000 from medical medical students for choice 20-5263777 students for choice as an independent contractor, other than reimbursement of expenses or reasonable compensation for services provided in the capacity as a member of the governing body. 3. Neither the member, nor any family member of the member, was involved in a transaction with medical students for choice that included, but was not limited to, a loan or grant. The family of an individual includes only his or her spouse, ancestors, brothers and sisters (whether whole or half blood), children (whether natural or adopted), grandchildren, and spouses of brothers, sisters, children, and grandchildren.

Form 990, Page 6, Part VI, Line 15A

In developing the model, the executive committee considered factors including fairness of compensation without excessive salary growth while rewarding excellent performance, justifiability of the expense as a proportion of the organization's resources, as well as input from consultants and executive directors of similar sized organizations. The current process is intended to provide a steady model for salary growth, requiring appropriate but not excessive annual time investment of the executive committee and board. When determining a raise, the executive committee and board must find a number that is not only appropriate for the caliber of work, but one that is responsible to external stakeholders. The specific raise can include cola plus a merit-based percentage. An overall score is used to determine the appropriate range for a merit-based salary increase. The overall score is determined by finding the mean of all scores given on the executive director annual evaluation by the board of medical students for choice 20-5263777 directors (both directors and staff complete evaluations of the executive director and the executive director completes a self-evaluation). The total raise (including both cola and merit adjustment) generally should not exceed 7% in any given year and should not cause the executive directors salary to exceed 12% of the organizations operating budget.

Form 990, Page 6, Part VI, Line 15B

The same process as part vi, section b, line 15a

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Medical Students for Choice
EIN
20-5263777
Phone
2156250800
Address
PO BOX 20132, PHILADELPHIA, PA 19145

Signing Officer

Name
Pamela Merrit
Title
Executive Director
Phone
2156250800
Signed
2024-08-19

Organization Details

Principal Officer
Pamela Merrit
Formed
2007
Legal Domicile
Pa
Voting Board Members
22
Independent Board Members
22
Employees
12
Volunteers
10,000

Preparer

Firm
J Miller & Associates LLC
Address
PO BOX 27308, PHILADELPHIA, PA 19118
Preparer
Joyce Miller
Phone
2156001701
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Msfc recognizes that one of the greatest obstacles to safe and legal abortion is the absence of trained providers. As medical students and residents, we are working to make reproductive health care, including abortion, a standard part of medical education and residency training.

Form 990, Page 2, Part III, Line 4D

Outreach and communication expenses 207,989 including grants of 0. Revenue 758.

Form 990, Page 12, Part XII, Line 1

The process has not changed from the prior year.

Financial Statement Notes

Schedule D, Page 3, Part X

Msfc is exempt from income tax as a nonprofit organization under 501(c)(3) of the internal revenue code and accordingly, no provision for income taxes is included in these financial statements. Msfc regularly reviews and evaluates its tax positions taken in previously filed information returns and as reflected in its financial statements, with regard to issues affecting its tax status, unrelated business income and related matters. Management believes that in the event of an examination by taxing authorities, its tax positions would prevail based on the technical merits of such positions. Therefore, msfc has concluded that no tax benefits or liabilities are required to be recognized or disclosed.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0MSFC RECOGNIZES THAT ONE OF THE GREATEST OBSTACLES TO SAFE AND LEGAL ABORTION IS THE ABSENCE OF TRAINED PROVIDERS. AS MEDICAL STUDENTS AND RESIDENTS, WE ARE WORKING TO MAKE REPRODUCTIVE HEALTH CARE, INCLUDING ABORTION, A STANDARD PART OF MEDICAL EDUCATION AND RESIDENCY TRAINING.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE REPRODUCTIVE HEALTH EXTERNSHIP PROGRAM (RHE) PROVIDES FINANCIAL SUPPORT TO MEDICAL STUDENTS AND RESIDENTS WHO SEEK OPPORTUNITIES NOT AVAILABLE IN THEIR MEDICAL SCHOOLS AND RESIDENCY PROGRAMS FOR FIRST-HAND ABORTION TRAINING. CONTINUING ANALYSIS OF THE PROGRAM SHOWS A STATISTICALLY SIGNIFICANT INCREASE IN THE PARTICIPANTS' KNOWLEDGE OF FAMILY PLANNING AND INTENTION TO PROVIDE ABORTION AS A RESULT OF THEIR EXTERNSHIP EXPERIENCE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0MSFC'S CONFERENCE ON FAMILY PLANNING IS HELD VIRTUALLY OR IN PERSON AND IS ATTENDED BY MEDICAL STUDENTS AND RESIDENTS. MSFC HOSTS ABORTION TRAINING INSTITUTES (ATI) BOTH VIRTUALLY AND IN PERSON. ATI ATTENDEES ARE EXPOSED TO EDUCATION ON ABORTION PROVISION INCLUDING CLINICAL PRESENTATIONS ON ALL SURGICAL AND MEDICAL ABORTION TECHNIQUES AND OTHER SKILLS RELATED TO PROVIDING ABORTION.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0OUTREACH AND COMMUNICATION EXPENSES 207,989 INCLUDING GRANTS OF 0. REVENUE 758.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.13$0.17$6.96$2.09$1.69$0.39
2023Detailed filing. Detailed filing data is available for this year.$6.33$0.15$6.18$2.17$1.55$0.61
2022Detailed filing. Detailed filing data is available for this year.$5.23$0.15$5.08$0.76$1.29$0.53
2021Detailed filing. Detailed filing data is available for this year.$6.43$0.22$6.21$1.53$1.25$0.28
2020Detailed filing. Detailed filing data is available for this year.$5.64$0.07$5.57$2.02$1.37$0.65
2019Detailed filing. Detailed filing data is available for this year.$4.76$0.19$4.58$1.74$1.64$0.10
2018Detailed filing. Detailed filing data is available for this year.$4.28$0.15$4.13$1.79$1.38$0.41
2017Detailed filing. Detailed filing data is available for this year.$3.99$0.18$3.81$1.38$1.32$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.63$0.04$3.59$1.63$1.33$0.30
2015Detailed filing. Detailed filing data is available for this year.$3.25$0.05$3.20$1.32$1.32$0.00
2014Detailed filing. Detailed filing data is available for this year.$3.27$0.04$3.23$0.90$1.17$0.27
2013Detailed filing. Detailed filing data is available for this year.$3.50$0.04$3.46$1.76$1.13$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$0.04$2.72$1.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.17$0.05$3.12$1.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$0.05$3.61$0.99