2026-05-15T08:14:06-05:00 2025-06-30 540737372 PBMARES LLP 4114 LEGATO ROAD 5TH FLOOR FAIRFAX VA 22033 990 2025-01-01 010963657 NATIONAL MEDICAL FELLOWSHIPS INC NATI 2124838880 1199 NORTH FAIRFAX STREET 600 ALEXANDRIA VA 223141483 MICHELLENE DAVIS PRESIDENT & CEO 2124838880 2026-05-14 1 0 EDWARD T YODER CPA P00239134 7035915200 2026-05-14 X 2024 2025-03-06 01:10:19Z MICHELLENE DAVIS 1199 NORTH FAIRFAX STREET 600 ALEXANDRIA VA 223141483 4475068 0 X NMFONLINE.ORG X 1946 NY TO BROADEN THE PATHWAYS TO MEDICAL EDUCATION, PROVIDE TRANSFORMATIVE LEADERSHIP OPPORTUNITIES, AND ENSURE CLINICAL RESEARCH INCLUDES EVERYONE. 18 17 0 122 0 0 5411896 4030896 0 0 511600 122268 -221186 198894 5702310 4352058 3179517 1405957 0 0 4573454 2699946 0 0 431262 2503083 1112061 10256054 5217964 -4553744 -865906 9806648 8010236 3167711 2191563 6638937 5818673 X THE MISSION OF NATIONAL MEDICAL FELLOWSHIPS, INC. ("NMF") IS TO BROADEN THE PATHWAYS TO MEDICAL EDUCATION, PROVIDE TRANSFORMATIVE LEADERSHIP OPPORTUNITIES, AND ENSURE CLINICAL RESEARCH INCLUDES EVERYONE. WE DELIVER PROGRAMS AND SUPPORT TO ENSURE THE FUTURE SUCCESS OF MEDICAL STUDENTS AND CURRENT PRACTITIONERS. 0 0 1397848 790940 SCHOLARSHIPS AND AWARDS - NATIONAL MEDICAL FELLOWSHIPS' SCHOLARSHIPS AND AWARDS HAVE BEEN AT THE CORE OF ITS PROGRAMMING. NMF SCHOLARSHIP PROGRAMS RECOGNIZE MERIT AS WELL AS FINANCIAL NEED. OVER THE YEARS, FUNDING FOR SCHOLARSHIPS HAS COME FROM HUNDREDS OF FOUNDATIONS AND FROM INDIVIDUALS. NMF ACTIVELY SEEKS AND WELCOMES PARTNERSHIPS TO BUILD AND EXPAND THE TYPES AND AMOUNT OF SUPPORT WE PROVIDE TO OUR SCHOLARS. 1011465 477204 MISSION-BASED EDUCATION - NATIONAL MEDICAL FELLOWSHIPSOFFERS MISSION-BASED, EXPERIENTIAL LEARNING PROGRAMS THAT ENHANCE SCHOLARS' KNOWLEDGE AND SKILLS REGARDING BEST PRACTICES IN COMMUNITY HEALTH. THESE PROGRAMS PRESENT OPPORTUNITIES FOR SCHOLARS TO CULTIVATE AND STRENGTHEN THEIR COLLABORATIVE LEADERSHIP ABILITIES SO THAT THEY CAN ADDRESS THE HEALTH NEEDS OF ALL COMMUNITIES. 738730 134958 PROFESSIONAL AND CAREER DEVELOPMENT - NMF PROVIDES SCHOLARSHIP INFORMATION TO STUDENTS AND ACADEMIC INSTITUTIONS AND COMMUNICATES THE CRITICAL NEED TO EXPAND THE HEALTHCARE WORKFORCE TO ADDRESS CURRENT AND GROWING SHORTAGES. NMF ALSO COORDINATES AND ORGANIZES VOLUNTEER AND COMMUNITY SERVICE OPPORTUNITIES TO PROMOTE PUBLIC AWARENESS ABOUT ITS PROGRAMS. IN ADDITION, WITH THE SUPPORT OF ALMUNI, FRIENDS, AND PARTNERS, NMF IS BUILDING A ROBUST ALMUNI NETWORK. THROUGH NMF ALMUNI-SPONSORED EVENTS AND OTHER ACTIVITIES, THIS NETWORK IS BEING BROUGHT INTO ACTIVE PARTNERSHIP TO STRENGTHEN AND EXPAND PROGRAMS, AND PROVIDE FINANCIAL SUPPORT FOR THE ORGANIZATION. 558490 2855 PUBLIC INFORMATION AND ALUMNI RELATIONS - NMF PROVIDES SCHOLARSHIP INFORMATION TO STUDENTS AND ACADEMIC INSTITUTIONS AND COMMUNICATES THE CRITICAL NEED TO EXPAND THE HEALTHCARE WORKFORCE TO ADDRESS CURRENT AND GROWING SHORTAGES. NMF ALSO COORDINATES AND ORGANIZES VOLUNTEER AND COMMUNITY SERVICE OPPORTUNITIES TO PROMOTE PUBLIC AWARENESS ABOUT ITS PROGRAMS. IN ADDITION, WITH THE SUPPORT OF ALMUNI, FRIENDS, AND PARTNERS, NMF IS BUILDING A ROBUST ALMUNI NETWORK. THROUGH NMF ALMUNI-SPONSORED EVENTS AND OTHER ACTIVITIES, THIS NETWORK IS BEING BROUGHT INTO ACTIVE PARTNERSHIP TO STRENGTHEN AND EXPAND PROGRAMS, AND PROVIDE FINANCIAL SUPPORT FOR THE ORGANIZATION. 558490 2855 3706533 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR AZ CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NY NC ND OH OK OR PA RI SC TN UT VA WV WI MO X X THE ORGANIZATION 2124838880 1199 NORTH FAIRFAX STREET 600 ALEXANDRIA VA 223141483 JON CORZINE CHAIRPERSON 40.00 X X 0 0 0 BRYAN R BAUGH VICE CHAIR 40.00 X X 0 0 0 EFRAIN TALAMANTES TREASURER 20.00 X X 0 0 0 JENNIFER SCHLENER SECRETARY 20.00 X X 0 0 0 KWEKU AWOTWI MEMBER 5.00 X 0 0 0 CARMEN SACHIKO VILLAR MEMBER 20.00 X 0 0 0 CALVIN WHEELER MEMBER 10.00 X 0 0 0 IMELDA DACONES MEMBER 5.00 X 0 0 0 JOHN JOHNSON MEMBER 5.00 X 0 0 0 GARY BUTTS MEMBER 5.00 X 0 0 0 FELIX MANUEL CHINEA MEMBER 20.00 X 0 0 0 KIMBERLY HENDERSON MEMBER 3.00 X 0 0 0 RAKIA REYNOLDS MEMBER 5.00 X 0 0 0 DALLAS LEA MEMBER 10.00 X 0 0 0 MIGUEL ALEXANDER POZO MEMBER 10.00 X 0 0 0 JOHN GORMAN MEMBER 10.00 X 0 0 0 LLOYD DEAN MEMBER 10.00 X 0 0 0 MICHELLENE DAVIS PRESIDENT & CEO 40.00 X 179183 0 20003 179183 0 20003 1 0 1 0 34TH STREET EVENTS 448 WEST 19TH ST UNIT 708 HOUSTON TX 77008 EVENT MANAGEMENT 111757 1 4030896 4030896 118472 118472 3796 0 3796 3796 3796 321904 123010 198894 198894 4352058 0 0 321162 X 1405957 1405957 179183 108728 51336 19119 2058505 1410831 632209 15465 61834 43149 18685 208249 136109 62221 9919 192175 128905 58285 4985 21753 21753 58709 58709 6631 4935 1696 564348 303299 261049 66 31 35 17257 532 7177 9548 101295 64570 34998 1727 52603 1972 305 50326 244016 89538 104606 49872 1516 1516 16992 1465 15527 SUBSCRIPTIONS & LICENSE 14821 5634 1597 7590 TELECOMMUNICATIONS 7398 7398 BAD DEBT EXPENSE 3089 3089 REGISTRATION FEES 805 505 300 762 373 278 111 5217964 3706533 1080169 431262 2107200 347003 908039 1097235 5000 162757 310208 68816 66751 4819 2065 6406892 6068172 216941 180553 9806648 8010236 438848 461956 2493587 1531958 235276 197649 3167711 2191563 X 3479537 1138771 3159400 4679902 6638937 5818673 9806648 8010236 -865906 45642 0 X X 0 0 0 X 5805640 5998027 4964334 5411379 4030896 26210276 5805640 5998027 4964334 5411379 4030896 26210276 9396506 16813770 27604 15051 547264 263746 118472 972137 517 517 27182930 0.61850 0.65880 X PART II, SHORT YEAR EXPLANATION: SHORT YEAR RETURN FOR CHANGE IN ACCOUNTING PERIOD UNDER REV PROC 85-58. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1103410 82388 245339 940459 795939 300000 7471 1103410 673835 60339 61765 795939 769182 125000 -95597 124750 673835 2463870 2166714 34591 3895993 769182 0.90000 0.10000 0 0 68816 66751 2065 2065 RIGHT OF USE LIABILITY 197649 197649 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS AS REQUIRED BY INCOME TAXES (TOPIC 740) OF THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC); HOWEVER, MANAGEMENT DOES NOT BELIEVE IT IS EXPOSED TO ANY SUCH POSITIONS AS DEFINED IN THIS GUIDANCE, NOR DO THEY EXPECT THIS TO CHANGE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. THE ORGANIZATION FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ANNUALLY WITH THE UNITED STATES DEPARTMENT OF THE TREASURY. SUCH RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME DURING THE EIGHTEEN MONTHS ENDED JUNE 30, 2025. EVENTS 321904 321904 123010 321904 321904 123010 123010 198894 0 GRANTS, STIPENDS, AND SCHOLARSHIPS 1306 1405957 X X X X 0 0 0 0 0 0 0 0 0 MICHELLENE DAVIS PRESIDENT & CEO 179183 0 0 0 0 0 20003 0 0 0 199186 0 0 0 RAKIA REYNOLDS BOARD MEMBER 25000 THE BOARD MEMBER IS THE SOLE OWNER OF SKAIBLUE MEDIA WHICH PROVIDES PUBLIC RELATIONS AND MARKETING SERVICES TO THE ORGANIZATION. SKAI BLUE MEDIA WAS SELECTED THROUGH A COMPETITIVE PROCESS A YEAR PRIOR TO RAKIA REYNOLDS JOINING THE BOARD. 0 MARC MCCORKLE INDEPENDENT CONTRACTOR 3120 MARC MCCORKLE, THE HUSBAND OF DAWN PHELPS, PROVIDED TEMPORARY ASSISTANCE WITH ACCOUNTS PAYABLE PROCESSING IN BILL.COM FOR A PERIOD OF THREE MONTHS WHILE NMF WAS RECRUITING A STAFF ACCOUNTANT. TO ENSURE FAIRNESS AND AVOID ANY APPEARANCE OF FAVORITISM, NMF CONSULTED A STAFFING AGENCY TO UNDERSTAND THE TYPICAL MARKET RATE FOR COMPARABLE SERVICES. HIS COMPENSATION WAS THEN SET DELIBERATELY WELL BELOW THAT BENCHMARK. 0 FORM 990, PART VI, SECTION A, LINE 3 NATIONAL MEDICAL FELLOWSHIP HAS A CONTRACT WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) WHO WORKS ON BEHALF OF NMF TO MANAGE HUMAN RESOURCE MANAGEMENT, EMPLOYEE BENEFITS, COMPLIANCE, PARYOLL AND RETIREMENT PLANS, AS WELL AS CRITICAL HUMAN RESOURCES FUNCTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS INITIALLY REVIEWED BY THE DIRECTOR OF FINANCE AND THE CHIEF FINANCIAL OFFICER, THEN FORWARDED TO THE PRESIDENT & CEO. ONCE APPROVED BY MANAGEMENT, THE CFO WILL PRESENT THE FORM 990 TO THE AUDIT COMMITTEE, WITH AN EXTENDED INVITATION TO EXECUTIVE COMMITTEE MEMBERS. UPON APPROVAL OF THE 990 BY THE AUDIT COMMITTEE AND EXECUTIVE COMMITTEE MEMBERS, THE FORM 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL. A COPY OF THEA PPROVED DRAFT WILL BE PROVIDED TO EACH DIRECTOR PRIOR TO THE SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY FORMS ARE SIGNED ANNUALLY BY THE MEMBERS OF THE BOARD AND REVIEWED BY MANAGEMENT FOR ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS MAKES RECOMMENDATIONS TO THE INDEPENDENT DIRECTORS WITH RESPECT TO THE REASONABLE COMPENSATION OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER ("CEO"). THE COMPENSATION COMMITTEE ALSO REVIEWS AND APPROVES THE REASONABLE COMPENSATION OF OTHER MANAGERS, EMPLOYEES AND ANY OTHER PERSON(S) WHO ARE IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 NMF DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE FINANCIAL STATEMENTS AND FORM 990 ARE MADE AVAILABLE ON NMF'S WEBSITE. FORM 990, PART IX, LINE 11G CONSULTANTS AND OTHER FEES: PROGRAM SERVICE EXPENSES 303,299. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 261,049. TOTAL EXPENSES 564,348. FORM 990, PART XII, LINE 2C: THE REVIEW PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.