2025-10-12T11:56:25-05:00 2024-12-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2024-01-01 205211100 KING-WEST PROPERTIES INC KING 7032993100 124 WEST STREET SOUTH 3RD FL ALEXANDRIA VA 22314 DAVID SIGMAN CFO 7032993100 2025-08-29 1 0 MONIQUE BOOKER P00644231 4105840060 2024 2025-03-06 01:10:19Z DAVID SIGMAN 124 WEST STREET SOUTH 3RD FL ALEXANDRIA VA 22314 1287812 0 X N/A X 2006 VA TO HOLD TITLE TO PROPERTY, COLLECT RENTS & REMIT THE NET INCOME TO THE PARENT ORGANIZATION. 8 8 0 0 220339 0 0 0 1022656 1085610 126760 177785 575745 24417 1725161 1287812 0 0 0 0 0 0 0 0 0 1011822 898581 1011822 898581 713339 389231 13024629 13432603 5542715 5123944 7481914 8308659 THE SOLE PURPOSE OF THE COMPANY IS TO HOLD TITLE TO PROPERTY, COLLECT INCOME FROM SUCH PROPERTY AND TO TURN OVER SUCH INCOME, LESS EXPENSES, TO THE FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY, AN EXEMPT 501(C)(6) ORGANIZATION IN ACCORDANCE WITH IRC SECTION 501(C)(2). 0 0 898581 1085610 THE OFFICE BUILDING WAS PUT INTO SERVICE IN JULY 2007. TWO FLOORS OF THE BUILDING ARE OCCUPIED BY THE ORGANIZATION'S PARENT COMPANY, THE FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY, AS ITS ADMINISTRATIVE OFFICES. SPACE ON THE TWO FLOORS IS ALSO RENTED TO THE FOREIGN CREDENTIALING COMMISSION OF PHYSICAL THERAPY, A RELATED 501(C)(6) ORGANIZATION. 898581 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 13 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID SIGMAN 7032993100 124 WEST STREET SOUTH 3RD FL ALEXANDRIA VA 22314 CANIZARES RUGGIERO TREASURER (THRU 11/1/24) 0.25 5.25 X X 0 6667 0 CHARLES REITER PUBLIC MEMBER 0.25 5.25 X 0 8000 0 CINDY POTTER SECRETARY (THRU 11/1/24) 0.25 5.25 X X 0 6667 0 CRAIG MILLER DIRECTOR (EFF 11/1/24) 0.25 5.25 X 0 1333 0 DAVID RELLING PRESIDENT 0.25 10.25 X X 0 16000 0 ELLEN DONALD DIRECTOR (THRU 10/31/24) 0.25 5.25 X 0 6667 0 KRISTA WOLFE DIRECTOR (EFF 11/1/24) 0.25 5.25 X 0 1333 0 MICHELE THORMAN VICE PRESIDENT 0.25 5.25 X X 0 8000 0 MICHELLE SIGMUND-GAINES DIRECTOR 0.25 5.25 X 0 8000 0 STEVEN SCHERGER DIRECTOR (THRU 10/31/24)/TREASURER (EFF 11/1/24) 0.25 5.25 X 0 8000 0 CURLEY STEPHEN SECRETARY (EFF 11/1/24) 0.25 5.25 X 0 1333 0 WILLIAM HATHERILL CEO 0.25 45.25 X 0 966651 292920 DAVID SIGMAN CFO (EFF 9/16/24) 0.25 45.25 X 0 89000 11423 LINDA MICHELSEN CFO (THRU 8/16/24) 0.25 45.25 X 0 255672 46997 0 1383323 351340 0 1 1 0 0 BUILDING RENTAL 531120 904663 705877 198786 CAM 531120 101747 94912 6835 PARKING 531120 79200 64482 14718 1085610 177785 177785 GAIN ON INTEREST RATE 900099 24417 24417 24417 1287812 865271 220339 202202 17035 17035 2100 2100 8278 8278 164971 164971 326215 326215 18283 18283 BUILDING MAINTENANCE 164809 164809 PROPERTY TAXES 112259 112259 UTILITIES 76706 76706 PARKING 7925 7925 898581 898581 0 0 55253 148387 6721 0 750 475 12561809 4524521 8344848 8037288 3972315 4586213 644742 660240 13024629 13432603 39439 53425 5503276 5069970 0 549 5542715 5123944 X 7481914 8308659 7481914 8308659 13024629 13432603 389231 437514 0 X 0 1 X 1 0 1800000 1800000 10554200 4423651 6130549 207609 100870 106739 8037288 DUE TO AFFILIATE 549 549 X 1725326 437514 437514 1287812 0 1287812 898581 0 898581 0 898581 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. KING WEST PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2024, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2021 THROUGH 2024 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION. IT IS KING WEST'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. 0 1 0 WILLIAM HATHERILL CEO 0 631572 0 300954 0 34125 0 245752 0 47168 0 1259571 0 75000 LINDA MICHELSEN CFO (THRU 8/16/24) 0 211757 0 36641 0 7274 0 35470 0 11527 0 302669 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 COMMITTEE, 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: - WILLIAM HATHERILL: $60,632 ALL INDIVIDUALS ARE EMPLOYED BY A 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 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 ANNUALY AND THE ORGANIATION'S CFO IS RESPONSIBLE FOR TRACKING TRANSACTIONS DURING THE YEAR TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 FSBPT, A RELATED ORGANIZATION, UTILIZIES 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 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) 0 FOREIGN CREDENTIALING COMMISSION ON PHYSICAL THERAPY 124 WEST STREET SOUTH 3RD FLO ALEXANDRIA VA 22314 541907410 REVIEWING FOREIGN CREDENTIALS FOR PHYSICAL THERAPY APPLICANTS DE 501(C)(6) 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) LINE 12A, I FSBPT 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY J 676108 MARKET RENTAL RATES FOREIGN CREDENTIALING COMMISSION ON PHYSICAL THERAPY J 64145 MARKET RENTAL RATES