Civic Intelligence

Florida Medical Association Foundation Inc

990 • Fiscal year 2013 • EIN 59-1276743

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 05, 2014

1430 E Piedmont DriveSuite32308

(850) 224-6496

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.86x

Higher debt load relative to assets than 93% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

82nd percentile

0.11x

Higher debt load relative to revenue than 82% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

6th percentile

-74%

Higher net margin than 6% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

100th percentile

$348,590

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 168.4% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

1st percentile

-99%

Faster asset growth than 1% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

26th percentile

-16%

Faster revenue growth than 26% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2010 to 2013

Assets

Down

$27,000

Down $2,925,925 (-99%) from 2012

Net Assets

Down

$3,721

Down $153,246 (-98%) from 2012

Liabilities

Down

$23,279

Down $2,772,679 (-99%) from 2012

Revenue

$206,963

No earlier filing loaded for comparison.

Expenses

Down

$360,209

Down $2,791,556 (-89%) from 2012

Net Income

-$153,246

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $622,916Liabilities 2010: $8,773Net Assets 2010: $614,1432010Assets 2011: $496,718Liabilities 2011: $23,250Net Assets 2011: $473,4682011Assets 2012: $2,952,925Liabilities 2012: $2,795,958Net Assets 2012: $156,9672012Assets 2013: $27,000Liabilities 2013: $23,279Net Assets 2013: $3,7212013Assets 2014: $2,219Liabilities 2014: $02014

Highlighted filing

2013

Assets$27,000
Liabilities$23,279
Net Assets$3,721

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $343,829Expenses 2010: $286,590Net Income 2010: $57,2392010Expenses 2011: $442,3552011Expenses 2012: $3,151,7652012Revenue 2013: $206,963Expenses 2013: $360,209Net Income 2013: -$153,2462013Revenue 2014: $52,525Expenses 2014: $54,027Net Income 2014: -$1,5022014

Highlighted filing

2013

Revenue$206,963
Expenses$360,209
Net Income-$153,246
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 5, 2014
Return Version
2013v3.1
Gross Receipts
$206,963
Mission and Program Overview

Mission

To promote the florida medical association's mission - helping physicians practice medicine - by supporting public health, medical education and professional development.

To promote the florida medical association's mission - helping physicians practice medicine - by supporting public health, medical education & professional development

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$2,825,934$25,000▼ $2,800,934
Savings and Temporary Cash Investments$116,362$2,000▼ $114,362
Cash and Non-Interest-Bearing Accounts$555$0▼ $555
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,952,925$27,000▼ $2,925,925
Other Assets Total$10,074$0▼ $10,074
Liabilities
Accounts Payable and Accrued Expenses$2,795,958$23,279▼ $2,772,679
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,795,958$23,279▼ $2,772,679
Net Assets / Fund Balance
Temporarily Rstr Net Assets$160,997$0▼ $160,997
Unrestricted Net Assets$-4,030$3,721▲ $7,751
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$156,967$3,721▼ $153,246
Total Liabilities and Net Assets / Fund Balance$2,952,925$27,000▼ $2,925,925
Compensation and Service Providers

Employees

NameTitleOtherTotal
Karl M Altenburger MdPresident$84,000$84,000

Board Members and Trustees

NameTitle
Kathy Johns Rnvice president
Gerold L Schiebler MdDirector
Joni RoutmanDirector
M Kamel Elzawahry MdDirector
Richard J Bagby MdDirector
Robert E Cline MdDirector
Tim StapletonExecutive Director
Ron GifflerSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$130,923
Program Service Revenue
$64,688
Investment Income
$20
Other Revenue
$11,332
All Other Contributions
$130,923
Change in Net Assets
$-153,246

Audited Revenue Reconciliation

Revenue per Audited Statements
$206,963
Revenue Not Reported on Form 990
$36,181
Total Revenue per Audited Statements
$243,144
Total Revenue per Form 990
$206,963
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$243,591
Grants and Similar Amounts Paid$116,618
Total Fundraising Expense$4,895
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$154,300--$154,300
Grants to Domestic Orgs$116,618--$116,618
Fees for Services Accounting-$12,809-$12,809
Travel$2,448$2,180$4,895$9,523
Conferences and Meetings$7,836$1,223-$9,059
Insurance-$4,500-$4,500
Other Expenses$999--$999
Office Expenses$20$443-$463
Total Functional Expenses$334,159$21,155$4,895$360,209

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$396,390
Expenses per Audited Statements$360,209
Total Expenses per Form 990$360,209
Expenses Not Reported on Form 990$36,181
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
46-2259497-501(c)(3)Transfer$114,591
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
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI - Governance, Management, and Disclosure

Section A, Line 6 FLORIDA MEDICAL ASSOCIATION FOUNDATION, INC. IS A MEMBERSHIP ORGANIZATION. THE FLORIDA MEDICAL ASSOCIATION FOUNDATION'S BOARD OF DIRECTORS ESTABLISHES AND DEFINES THE MEMBERSHIP CATEGORIES FOR PARTICIPATION IN THE FLORIDA MEDICAL ASSOCIATION FOUNDATION, THE RIGHTS ASSOCIATED WITH EACH MEMBERSHIP CATEGORY, AND THE APPLICABLE DUES.

Section C, Line 19

THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Part IX Line 11g Physician Health Project - Programs: $87,500 Physician Health Project - Admin Fee: $7,500 Leadership Grant - Faculty/Consultant Fees: $59,300

Filing and Contact Details

Filer

EIN
59-1276743
In Care Of
% KRISTY JONES
Phone
8502246496

Signing Officer

Name
Tim Stapleton
Title
Executive Director
Phone
8502246496
Signed
2014-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Stapleton
Formed
1956
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Preparer
Stacey T Kolka
Phone
8502246496
Supplemental Narrative

Additional Explanations

Part V: Statements Regarding Other IRS Filings and Tax Compliance

Line 2A PER IRC SECTION 3121, IF TWO OR MORE RELATED CORPORATIONS CONCURRENTLY EMPLOY THE SAME INDIVIDUAL AND COMPENSATE SUCH INDIVIDUAL THROUGH A COMMON PAYMASTER EACH CORPORATION SHALL BE CONSIDERED TO HAVE PAID AS REMUNERATION TO SUCH INDIVIDUAL ONLY THE AMOUNTS ACTUALLY DISBURSED.

Section B, Line 11

The form 990 is reviewed by the organization's staff for accuracy. The form 990 is then distributed to the executive committee of the board of directors for review and comment. If necessary, corrections are made resulting from the committee's review.

Line 12C

All members of the board of directors must annually disclose any transactions that present potential conflicts of interest. The evp/ceo shall determine on a case-by-case basis whether the employee's transaction creates a conflict of interest and he/she may take any action deemed necessary to address a violation of the conflict of interest policy.

Part XI - Reconciliation of Net Assets

Line 9 IN-KIND REVENUE: $36,181 IN-KIND EXPENSES: -$36,181

Financial Statement Notes

Part XI

Line 2d in-kind revenue: $36,181

Part XII

Line 2d in-kind expenses: $36,181

Part X

LINE 2 With few exceptions, the Foundation is no longer subject to examinations by major tax jurisdictions for years ended December 31, 2009 and prior.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1vice president
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IRS990/ProgSrvcAccomActy2Grp/Desc0LEADERSHIP ACADEMY - THE PURPOSE OF THIS IN-DEPTH PROGRAM IS TO ENABLE PHYSICIANS TO ENHANCE THEIR LEADERSHIP SKILLS AND PROVIDE TRAINING IN CORE APTITUDES TO EXCEL WITHIN THE BUSINESS WORLD, ORGANIZED MEDICINE, MEDICAL STAFFS, GROUP PRACTICES, AND THE PUBLIC POLICY ARENA.
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IRS990/ProgSrvcAccomActy3Grp/Desc0HAITI RELIEF - PROVIDES MEDICAL SUPPORT AND SUPPLIES TO PUBLIC HOSPITALS IN HAITI IN ORDER TO HELP REBUILD THEIR HEALTH CARE SYSTEM.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LINE 2D IN-KIND REVENUE: $36,181
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LINE 2D IN-KIND EXPENSES: $36,181
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LINE 2 With few exceptions, the Foundation is no longer subject to examinations by major tax jurisdictions for years ended December 31, 2009 and prior.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part X
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10Foundation for Healthy Floridians
IRS990ScheduleI/RecipientTable/RecipientEIN0462259497
IRS990ScheduleI/RecipientTable/USAddress/AddressLine101430 Piedmont Drive East
IRS990ScheduleI/RecipientTable/USAddress/City0Tallahassee
IRS990ScheduleI/RecipientTable/USAddress/State0FL
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