Nonprofit · EIN 23-1352238
NATIONAL BOARD OF MEDICAL EXAMINERS
Tax-exempt · PHILADELPHIA, PA 19104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $189,758,430 | $178,563,223 | $11,195,207 | $457,188,976 | $88,503,471 | $368,685,505 |
| December 31, 2023 | 990 | $174,159,356 | $163,735,447 | $10,423,909 | $444,844,524 | $119,139,527 | $325,704,997 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $173,506,146
- Investment income
- $16,275,580
- Net rental income
- -$23,296
- Net gain from sales of assets
- $7,722,925
- Other revenue
- -$23,296
Expenses
- Grants and similar amounts paid
- $2,819,348
- Compensation of officers, directors and key employees
- $5,710,129
- Other salaries and wages
- $66,856,276
- Salaries, compensation and benefits (total)
- $96,121,740
- Professional fundraising fees
- $0
- Legal fees
- $1,604,760
- Accounting fees
- $102,827
- Occupancy
- $1,535,326
- Travel
- $1,135,192
- Depreciation
- $4,465,164
- Program services (functional)
- $143,380,773
- Management and general (functional)
- $35,182,450
Balance sheet and other
- Total assets, start of year
- $444,844,524
- Total assets, end of year
- $457,188,976
- Total liabilities, end of year
- $88,503,471
- Net assets, end of year
- $368,685,505
- Land, buildings and equipment
- $45,851,671
- Publicly traded securities
- $279,878,406
- Net assets without donor restrictions
- $368,685,505
- Gross receipts
- $291,011,590
- Employees
- 647
- Volunteers
- 679
- Year formed
- 1915
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Peter J Katsufrakis | President & CEO Trustee or director, Officer | 45 | $2,021,966 | $150,873 |
| John J Hinke Jr | SVP & CFO Officer | 45 | $362,024 | $214,660 |
| Michael G Jodoin | SVP, C&P Mgmt Officer | 45 | $401,336 | $157,008 |
| Linda M Gadsby | SVP, Gen Couns Officer | 45 | $400,540 | $121,745 |
| Andrew F Farella | SVP & CIO Officer | 45 | $379,272 | $136,073 |
| Ye Tong | SVP, Assessment Officer | 45 | $391,271 | $122,989 |
| Christopher A Feddock | AVP, CBA | 45 | $431,422 | $77,109 |
| Pamela L Treves | SVP, Growth Officer | 45 | $347,095 | $139,131 |
| Alex J Mechaber | VP, USMLE | 45 | $406,851 | $59,171 |
| Kenneth W Ridgley | VP, Test Dev Srvs | 45 | $342,216 | $79,562 |
| Janelle R Endres | VP, Human Resources | 45 | $261,377 | $108,594 |
| Steven Go | VP, Assessment Ope | 45 | $340,819 | $21,958 |
| Antionette Crockrell | VP, Business Dev | 45 | $289,243 | $62,298 |
| Rajat Arora | VP, Ed Tech Innov | 45 | $293,662 | $33,100 |
| Elisa K Moll | VP, Strategy Management | 45 | $246,636 | $74,124 |
12 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Susan A Deitch | Secretary Officer | 45 | $190,777 | $116,778 |
| Uchenna C Kwentoh | VP, Marketing & Strategic Comm | 45 | $239,566 | $39,248 |
| Marie Foley | Vice Chair Trustee or director, Officer | 4 | $8,263 | $0 |
| David A Milling | Treasurer Trustee or director, Officer | 4 | $7,811 | $0 |
| Maya Hammoud | Director Trustee or director | 3 | $7,718 | $0 |
| Patricia A King | Director Trustee or director | 3 | $7,527 | $0 |
| Joshua D Nosanchuk | Director Trustee or director | 3 | $6,647 | $0 |
| Zachary E Weismann | Director Trustee or director | 3 | $6,461 | $0 |
| Jon Thomas | Director Trustee or director | 3 | $6,457 | $0 |
| Alfred F Tallia | Past Chair Trustee or director, Officer | 4 | $5,183 | $0 |
| Danny M Takanishi Jr | Director Trustee or director | 3 | $3,150 | $0 |
| Reena Karani | Chair Trustee or director, Officer | 4 | $2,200 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Peter J Katsufrakis | President & CEO Trustee or director, Officer | 45 | $1,240,803 | $356,199 |
| John J Hinke Jr | SVP & CFO Officer | 45 | $345,237 | $204,556 |
| Michael G Jodoin | SVP, C&P Mgmt Officer | 45 | $381,908 | $154,451 |
| Michael A Barone | VP, CBA | 45 | $414,880 | $101,435 |
| Ye Tong | SVP, Assessment Officer | 45 | $385,616 | $122,171 |
| Linda M Gadsby | SVP, Gen Couns Officer | 45 | $385,923 | $113,806 |
| Brian E Clauser | Dist Research Sci | 45 | $322,091 | $162,119 |
| Pamela L Treves | SVP, Growth Officer | 45 | $334,143 | $133,699 |
| Andrew F Farella | SVP & CIO Officer | 45 | $329,701 | $130,489 |
| Christopher A Feddock | AVP, CBA | 45 | $394,321 | $56,594 |
| Alex J Mechaber | VP, USMLE | 45 | $389,958 | $55,198 |
| Kenneth W Ridgley | VP, Test Dev Srvs | 45 | $327,504 | $77,917 |
| Janelle R Endres | VP, Human Resources | 45 | $255,162 | $106,474 |
| Antionette Crockrell | VP, Business Dev | 45 | $276,661 | $68,844 |
| Elisa K Moll | VP, Strategy Management | 45 | $236,855 | $72,923 |
| Susan A Deitch | Secretary Officer | 45 | $184,371 | $113,268 |
| Lisa M Rawding | SVP, Growth & Innovation | 0 | $183,344 | $0 |
| Uchenna C Kwentoh | VP, Marketing & Strategic Comm | 45 | $149,700 | $24,395 |
| Reena Karani | Chair Trustee or director, Officer | 4 | $6,757 | $0 |
| Maya Hammoud | Director Trustee or director | 3 | $6,608 | $0 |
| Patricia A King | Director Trustee or director | 3 | $5,306 | $0 |
| David A Milling | Treasurer Trustee or director, Officer | 4 | $5,015 | $0 |
| Danny M Takanishi Jr | Director Trustee or director | 3 | $3,000 | $0 |
| Joshua D Nosanchuk | Director Trustee or director | 3 | $2,503 | $0 |
| Marie Foley | Vice Chair Trustee or director, Officer | 4 | $2,487 | $0 |
| Alfred F Tallia | Past Chair Trustee or director, Officer | 4 | $1,503 | $0 |
| Jon Thomas | Director Trustee or director | 3 | $1,400 | $0 |
| Suzanne T Anderson | Director Trustee or director | 3 | $1,300 | $0 |
| Zachary E Weismann | Director Trustee or director | 3 | $1,300 | $0 |
| Kamili A Wilson | Director Trustee or director | 3 | $1,000 | $0 |
Address and contacts
- Address (IRS master file)
- 3750 MARKET ST, PHILADELPHIA, PA 19104-3102
- Signed the 990
- Peter J Katsufrakis, President & CEO
- Phone
- (215) 590-9500
- Website
- www.nbme.org
Mission
NBME advances assessment of health care professionals to achieve optimal care for all. While centered on assessment of physicians, this mission encompasses the spectrum of health professionals along the continuum of education, training and practice and includes research in evaluation as well as development of assessment tools.For further information visit www.nbme.org.
Program accomplishments
- The United States Medical Licensing Examination (USMLE) is a three-step examination for medical licensure in the United States and is sponsored by the Federation of State Medical Boards (FSMB) and NBME. The USMLE program supports medical licensing authorities in the United States through its leadership in the development, delivery, and continual improvement of high-quality assessments across the continuum of physicians' preparation for practice. It assesses a physician's ability to apply knowledge, concepts, and principles that are important in health and disease and that constitute the basis of safe and effective patient care.For further information visit www.usmle.org.Note: The expenses reflected above do not include management and general expenses.Expenses $88,474,458 · revenue $117,336,370
- The Medical School and Student Services program provides assessment services to domestic and international medical schools, students, and residents. Assessments include the subject examination program, self-assessment services, and web-based examination programs and pilot projects. Subject exams measure achievement in the traditional basic and clinical science disciplines and are used to compare student performance with a national reference group. A series of web-based self-assessments are available to help students assess their readiness to take USMLE. Faculty services include item-writing workshops, and medical school liaison activities include the Advisory Committee for Medical School Programs.Note: The expenses reflected above do not include management and general expenses.Expenses $29,889,006 · revenue $46,560,397
- The Growth and Innovation unit includes the Office of Research which supports NBMEs research enterprise by coordinating NBMEs research efforts across the organization and ensuring that NBMEs research portfolio is consistent with institutional priorities. In addition to these defined programs of research and development, each program area and service unit is charged to carry on a program of research and development relevant to the work of the program or unit, for example, development of new item formats for USMLE, exploring relationships between prior measures and certifying exam performance for those we serve and developing new testing methods for those we serve. These research and development activities result in the publication of dozens of research reports in scientific journals and presentations at scientific meetings each year.The Office of Research is responsible for conducting research related to improving the quality and efficiency of NBME products, services, and procedures. It is also aimed at developing capabilities that allow NBME to expand its range of assessments both geographically and across the health professions. In addition to this work, the Office of Research provides non-routine technical support to other organizational divisions and subunits and conducts research to contribute to the field of measurement.This unit delivers information vital for planning strategy related to innovative assessments to meet stakeholder needs. They support conception and market testing of product ideas and the research to investigate and sustain products and services.On January 31, 2024, NBME completed the acquisition of the assets of MedVR Education (MedVR), a business segment of ELearning Design Center, LLC, based in South Lyon, Michigan. MedVR is an extended reality platform that offers both off-the-shelf and customized virtual reality simulation training solutions for patient care, critical care nursing skills, and health care management utilized by universities and healthcare institutions.The primary reasons for the acquisition included expanding NBME's capabilities in innovation and enhancing its portfolio of advanced educational technologies. Specifically, NBME acquired MedVR to leverage its leading technology in simulation-based learning to support NBMEs strategic objective of developing new tools and assessments that support learners throughout their medical education.Expenses $14,562,082 · grants $2,495,997 · revenue $393,542
- Custom Programs consist of a diverse portfolio of global customized assessment services and examination programs. The primary sources of revenue for Custom Programs are Health Profession Services, the Health and Wellness Coach Certifying Examination and the Post Licensure Assessment System. The Health Profession Services program provides comprehensive assessment, educational, consultative, and research services for healthcare organizations. During 2024, NBME's Health Profession Services worked with a variety of organizations to administer examinations for purposes of licensure and other evaluations of special competence for examination programs sponsored by health-related organizations. These organizations included allied health professional associations, members of the American Board of Medical Specialties, and medical societies. Examinations are administered worldwide, where applicable.NBME and the National Board for Health & Wellness Coaching collaborate to provide the Health and Wellness Coach Certifying Examination. The collaboration provides an opportunity to draw upon the unique capabilities of each organization to provide a high-quality assessment for health and wellness coaches. Exam content is developed by nationally recognized leaders in the field of health and wellness coaching and covers areas such as coaching structure and process, health and wellness, and ethics.The Post-Licensure Assessment System (PLAS) is a joint activity of NBME and the Federation of State Medical Boards (FSMB). PLAS comprises two programs: the Special Purpose Examination (SPEX) Program and the Assessment Center Program (ACP). SPEX is a one-day, multiple-choice examination of current knowledge requisite for the general, undifferentiated practice of medicine and is intended to be used for reasons of endorsement or reciprocity of licensure. The ACP provides comprehensive objective and personalized assessments of physicians for whom there is a question regarding clinical competence. Together, the PLAS programs have assessed physicians for reasons that range from endorsement of licensure to license reactivation after disciplinary action.Note: The expenses reflected for Custom Programs on Part III, line 4d do not include management and general expenses.Expenses $10,455,227 · revenue $9,215,837
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1352238
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1937
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E030)
- Assets (IRS master file)
- $457,188,976
- Income (IRS master file)
- $291,011,590
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $189,758,430 | $178,563,223 | $457,188,976 | XML |
| 990 | December 2023 | $174,159,356 | $163,735,447 | $444,844,524 | XML |
| 990 | December 2022 | $170,264,713 | $147,523,156 | $408,783,672 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1352238).
Questions about NATIONAL BOARD OF MEDICAL EXAMINERS
- What is the EIN of NATIONAL BOARD OF MEDICAL EXAMINERS?
- The employer identification number (EIN) of NATIONAL BOARD OF MEDICAL EXAMINERS is 23-1352238.
- Is NATIONAL BOARD OF MEDICAL EXAMINERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1937.
- Are donations to NATIONAL BOARD OF MEDICAL EXAMINERS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NATIONAL BOARD OF MEDICAL EXAMINERS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NATIONAL BOARD OF MEDICAL EXAMINERS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NATIONAL BOARD OF MEDICAL EXAMINERS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of NATIONAL BOARD OF MEDICAL EXAMINERS?
- The 990 for the year ended December 31, 2024 lists 27 people; 27 received compensation from the organization, the highest $2,021,966 (Peter J Katsufrakis, President & CEO).
- How much revenue does NATIONAL BOARD OF MEDICAL EXAMINERS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $189,758,430, expenses of $178,563,223 and total assets of $457,188,976 at year end.
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