2024-08-22T19:44:10-05:00 2023-12-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2023-01-01 541907410 FOREIGN CREDENTIALING COMMISSION ON PHYSICAL THERAPY INC FORE 7032993100 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 LINDA MICHELSEN CFO 7032993100 2024-07-23 1 0 MONIQUE BOOKER P00644231 4105840060 2023 2024-08-08 14:25:15Z LINDA MICHELSEN 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 3560002 0 X WWW.FCCPT.ORG X 1998 DE THE FOREIGN CREDENTIALING COMMISSION ON PHYSICAL THERAPY (FCCPT) IS A NON-PROFIT (SEE SCH O) ORGANIZATION THAT EVALUATES THE CREDENTIALS OF FOREIGN-EDUCATED PHYSICAL THERAPISTS AND PHYSICAL THERAPIST ASSISTANTS (FEPTS), AND ISSUES HEALTH CARE WORKER CERTIFICATES TO THOSE WHO WISH TO IMMIGRATE AND/OR WORK IN THE UNITED STATES. 6 6 12 4 0 0 0 0 2638825 2908655 120355 651347 220 0 2759400 3560002 0 2500000 0 0 1097853 1089259 0 0 0 871964 1274487 1969817 4863746 789583 -1303744 7629761 6484364 1467460 1121438 6162301 5362926 FCCPT'S MISSION IS TO SUPPORT PROTECTION OF THE PUBLIC THROUGH THE EVALUATION AND AUTHENTICATION OF CREDENTIALS AND PROVISION OF RELATED SERVICES IN AN ETHICAL MANNER. 0 0 2908655 DURING 2023, THE COMMISSION REVIEWED THE APPLICATIONS OF APPROXIMATELY 3,686 FOREIGN-EDUCATED PHYSICAL THERAPISTS SEEKING TO WORK IN THE UNITED STATES, ISSUED CERTIFICATIONS TO THE QUALIFIED APPLICANTS, AND PROVIDED RESOURCES TO APPLICANTS IN ORDER TO FIND COURSEWORK IDENTIFIED AS DEFICIENCIES IN THEIR FCCPT EVALUATIONS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 7 0 1 12 1 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE ORGANIZATION 7032993100 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 BETSY BECKER CHAIRPERSON 10.00 X X 8000 0 0 JOHN GREANY DIRECTOR 10.00 X 4000 0 0 ALAN MEADE SECRETARY/TREASURER 2.00 X X 4000 0 0 JULIA FUNAKI PUBLIC MEMBER 0.25 X 4000 0 0 NIRAV SHAH DIRECTOR 0.25 X 4000 0 0 MYLA QUIBEN DIRECTOR 0.25 X 4000 0 0 WILLIAM HATHERHILL CEO 5.00 41.25 X 0 1073626 249211 LINDA MICHELSEN CFO 5.00 41.25 X 0 316880 114648 JAIME NOLAN MANAGING DIRECTOR 40.00 X 147188 0 23941 175188 1390506 387800 1 0 1 0 FUSION SPAN LLC 9450 SW GEMINI DR PMB 45851 BEAVERTON OR 97008 TECHNOLOGY 130650 1 CREDENTIALING FEES 900099 2908655 2908655 2908655 651347 651347 3560002 2908655 0 651347 2500000 28000 807749 109257 84974 59279 659246 81179 122304 62280 10870 121904 26108 MISCELLANEOUS EXPENSES 167961 BOARD COSTS 17981 DUES AND SUBSCRIPTIONS 3399 STAFFING EXPENSES 1255 4863746 718665 1184632 6130 18915 2514978 2347481 429189 167497 6472685 5113320 3092 0 7629761 6484364 40901 14186 732981 800926 693578 306326 1467460 1121438 X 6162301 5362926 6162301 5362926 7629761 6484364 -1303744 504369 0 X 0 1 X 1 0 110680 107537 3143 284965 253781 31184 2119333 1986163 133170 167497 DUE TO AFFILIATE 306326 306326 X 4064371 504369 504369 3560002 0 3560002 4863746 0 4863746 0 4863746 PART X, LINE 2: THE PROVISIONS INCLUDED IN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FCCPT PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2023, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2020 THROUGH 2023 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION. IT IS THE FCCPT'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. 0 HEALTHCARE REGULATORY RESEARCH INSTITUTE 124 WEST STREET SOUTH 3RD FLOOR ALEXANDRIA VA 22314 611848085 2500000 0 CONTRIBUTION 0 1 0 WILLIAM HATHERHILL CEO 0 938192 0 101809 0 33625 0 204562 0 44649 0 1322837 0 0 LINDA MICHELSEN CFO 0 270926 0 34829 0 11125 0 98876 0 15772 0 431528 0 0 JAIME NOLAN MANAGING DIRECTOR 138671 0 7500 0 1017 0 20891 0 3050 0 171129 0 0 0 PART I, LINE 3 A RELATED ENTITY, FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO: COMPENSATION COMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY, AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED 457(F) PLAN OFFERED BY A RELATED ENTITY: WILLIAM HATHERHILL - $31,072 ALL INDIVIDUALS ARE EMPLOYED BY THE RELATED ENTITY, FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE MEMBER, WHICH IS THE FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY. FORM 990, PART VI, SECTION A, LINE 7A FCCPT BOARD MEMBERS ARE SELF-APPOINTING. IF THERE IS AN OPENING ON THE BOARD, THE BOARD WILL NOMINATE A PERSON AND THEN ELECT THE CANDIDATE TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT THIRD PARTY WITH THE ASSISTANCE OF THE ORGANIZATION'S CFO. ONCE COMPLETE, IT IS THOROUGHLY REVIEWED BY THE CFO AND COPIES ARE PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY AND THE ORGANIZATION'S CFO IS RESPONSIBLE FOR TRACKING TRANSACTIONS DURING THE YEAR TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A FSBPT, A RELATED ORGANIZATION, UTILIZES THE SERVICES OF AN INDEPENDENT THIRD PARTY TO REVIEW AND ADVISE ON THE SALARY ADMINISTRATION PROGRAM. THIS INVOLVES GENERATING A DETAILED SURVEY OF POSITIONS THAT ARE COMPARABLE TO THE ORGANIZATION'S BASED ON JOB DESCRIPTION, SIZE AND GEOGRAPHIC LOCATION. THE INFORMATION FROM THE SURVEY IS USED TO ESTABLISH PAY RANGES BY POSITION. THE STUDY RESULTS ARE APPROVED BY THE BOARD OF DIRECTORS. BY POLICY, THE SALARY RANGES MUST BE FOLLOWED. THE FSPBT (PARENT ORGANIZATION) BOARD OF DIRECTORS IS RESPONSIBLE FOR ESTABLISHING THE ANNUAL SALARY OF THE CEO BASED ON THE GUIDELINES PREVIOUSLY DESCRIBED. ANY BONUSES FOR THE CEO OR OTHER SENIOR STAFF ARE APPROVED BY THE BOARD OF DIRECTORS. THE CEO IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF OTHER OFFICERS AND SENIOR STAFF, SUBJECT TO THE GUIDELINES PREVIOUSLY DESCRIBED. FORM 990, PART VI, SECTION C, LINE 19 ONLY INFORMATION CONTAINED IN THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY 124 WEST STREET SOUTH 3RD FLO ALEXANDRIA VA 22314 630946217 ADMINISTERING STATE TESTS TO PHYSICAL THERAPY APPLICANTS DE 501(C)(6) N/A 0 KING-WEST PROPERTIES INC 124 WEST STREET SOUTH 3RD FLO ALEXANDRIA VA 22314 205211100 OFFICE BLDG RENTAL DE 501(C)(2) FSBPT 0 HEALTHCARE REGULATORY RESEARCH INSTITUTE 124 WEST STREET SOUTH 3RD FLO ALEXANDRIA VA 22314 611848085 RESEARCH AND ENHANCE HEALTHCARE REGULATION DE 501(C)(3) 12A FSBPT 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 KING WEST PROPERTIES K 62280 MARKET RENTAL RATES FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY M 659246 10% OF REVENUE PLUS CALL CTR ADJ FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY P 1129283 REIMBURSEMENT OF PAYROLL EXPENSE HEALTHCARE REGULATORY RESEARCH INSTITUTE B 2500000 FAIR VALUE