Nonprofit · EIN 52-2220700
MEDICAL FACULTY ASSOCIATES INC
Tax-exempt · WASHINGTON, DC 20037
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $418,593,481 | $518,926,874 | -$100,333,393 | $274,408,056 | $718,616,270 | -$444,208,214 |
| June 30, 2024 | 990 | $389,496,459 | $499,044,738 | -$109,548,279 | $264,876,964 | $608,964,767 | -$344,087,803 |
| June 30, 2023 | 990 | $380,795,193 | $461,798,922 | -$81,003,729 | $229,405,339 | $466,136,965 | -$236,731,626 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $604,587
- Program service revenue
- $415,735,479
- Investment income
- $1,303,170
- Net rental income
- $950,245
- Net gain from sales of assets
- $172,299
- Other revenue
- $950,245
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $4,905,343
- Other salaries and wages
- $233,495,611
- Salaries, compensation and benefits (total)
- $269,597,200
- Professional fundraising fees
- $0
- Legal fees
- $4,959,458
- Accounting fees
- $552,772
- Occupancy
- $22,145,505
- Travel
- $312,702
- Depreciation
- $5,689,860
- Program services (functional)
- $425,965,243
- Management and general (functional)
- $92,961,631
Balance sheet and other
- Total assets, start of year
- $264,876,964
- Total assets, end of year
- $274,408,056
- Total liabilities, end of year
- $718,616,270
- Net assets, end of year
- -$444,208,214
- Land, buildings and equipment
- $64,859,348
- Publicly traded securities
- $37,455,268
- Net assets without donor restrictions
- -$444,208,214
- Gross receipts
- $419,017,944
- Employees
- 2,016
- Volunteers
- 8
- Year formed
- 2000
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BARBARA BASS MD | EX OFFICIO TRUSTEE Trustee or director | 1 | $0 | $1,346,972 | $154,868 |
| STEVEN BOYCE MD | PHYSICIAN Highest-paid employee | 40 | $1,430,956 | $0 | $25,321 |
| MICHAEL K ROSNER | PHYSICIAN Highest-paid employee | 40 | $1,210,062 | $0 | $18,424 |
| BRUNO FERNANDES | FORMER PRES.-APPT TRUSTEE & TREAS. Trustee or director, Officer | 1 | $0 | $981,778 | $86,352 |
| JULIE BAUMAN MD | CHAIR TRUSTEE Trustee or director | 1 | $0 | $885,389 | $141,829 |
| ROBERT STERLING | PHYSICIAN Highest-paid employee | 40 | $950,000 | $0 | $34,356 |
| ANTON SIDAWY MD | CHAIR TRUSTEE AND SECRETARY Trustee or director, Officer | 40 | $888,302 | $0 | $18,014 |
| SHARAD GOYAL | PHYSICIAN Highest-paid employee | 40 | $825,282 | $0 | $33,058 |
| MICHAEL J OLDING | PHYSICIAN Highest-paid employee | 40 | $833,206 | $0 | $21,000 |
| CHRIS SMEDLEY | FORMER CHIEF STATEGY OFFICER Key employee | 40 | $630,089 | $0 | $29,100 |
| RAYMOND LUCAS | CHAIR, DEPT. OF EMERGENCY MEDICINE Key employee | 40 | $507,046 | $0 | $16,999 |
| BILL ELLIOTT | CEO - EX OFFICIO Trustee or director, Officer | 15 | $501,921 | $0 | $10,606 |
| LAQUANDRA NESBITT MD | PRESIDENT-APPOINTED TRUSTEE Trustee or director | 1 | $0 | $463,709 | $45,761 |
| WILLIAM BORDEN | INT. CHAIR, DEPT OF MED Key employee | 40 | $490,337 | $0 | $17,351 |
| ROBIN NICHOLS | FORMER CFO Former | 40 | $359,996 | $0 | $13,025 |
13 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICO WADE | CHIEF HUMAN RESOURCE OFFICER Key employee | 40 | $309,020 | $19,957 |
| KAREN FAGAN MD | CHAIR TRUSTEE Trustee or director | 0.5 | $197,562 | $8,169 |
| ELLEN ZANE | CHAIR OF THE BOARD Trustee or director | 0.5 | $0 | $0 |
| RICHARD POPIEL MD | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| PAMELA LAWRENCE | VICE CHAIR OF THE BOARD Trustee or director | 0.5 | $0 | $0 |
| DEBORAH JOELSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JON KESSLER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| D WAYNE BRACKIN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MARK CHICHESTER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| KIM RUSSO | EX OFFICIO TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| STEVE WEYLANDT | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| BENJAMIN JONES | TREASURER Officer | 0.5 | $0 | $0 |
| LOUIS ROBICHAUX | ASSISTANT TREASURER Officer | 0.5 | $0 | $0 |
990 for the year ended June 30, 2024: 31 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BARBARA BASS MD | CEO - EX OFFICIO Trustee or director, Officer | 15 | $0 | $1,635,739 | $141,875 |
| MARK DIAZ | FORMER EXECUTIVE VP AND CFO Former | 1 | $0 | $1,366,440 | $0 |
| MICHAEL K ROSNER | PHYSICIAN Highest-paid employee | 40 | $1,305,822 | $0 | $18,013 |
| PAUL LIN | PHYSICIAN Highest-paid employee | 40 | $999,724 | $0 | $21,686 |
| MICHAEL J OLDING | PHYSICIAN Highest-paid employee | 40 | $981,722 | $0 | $19,353 |
| JULIE BAUMAN MD | CHAIR TRUSTEE Trustee or director | 1 | $0 | $872,037 | $104,272 |
| ANTON SIDAWY MD | CHAIR TRUSTEE AND SECRETARY Trustee or director, Officer | 40 | $951,227 | $0 | $17,622 |
| STEVEN BOYCE | PHYSICIAN Highest-paid employee | 40 | $927,783 | $0 | $20,202 |
| SHARAD GOYAL | PHYSICIAN Highest-paid employee | 40 | $822,342 | $0 | $17,074 |
| NANCY GABA MD | FORMER CHAIR TRUSTEE AND SECRETARY Former | 40 | $673,270 | $0 | $16,965 |
| JEFFREY BERGER | FORMER CHAIRMAN, DEPT OF ANESTH. Former | 40 | $658,155 | $0 | $17,074 |
| BRUNO FERNANDES | PRESIDENT-APPT TRUSTEE & TREASURER Trustee or director, Officer | 1 | $0 | $602,313 | $58,557 |
| ROBERT ZEMAN | FORMER CHAIR TRUSTEE Former | 40 | $634,124 | $0 | $16,951 |
| WILLIAM BORDEN | INT. CHAIR, DEPT OF MED Key employee | 40 | $598,484 | $0 | $16,886 |
| ROBERT SHESSER | CHAIRMAN, DEPT OF EMERGENCY MEDICINE Key employee | 40 | $586,644 | $0 | $16,828 |
| LAQUANDRA NESBITT MD | DEAN-DESIGNATED TRUSTEE Trustee or director | 1 | $0 | $456,918 | $39,973 |
| JEFFREY S AKMAN | FORMER VP-HEALTH AFF. & DEAN OF SMHS Former | 1 | $0 | $455,715 | $40,593 |
| CHRIS SMEDLEY | COO Key employee | 40 | $468,853 | $0 | $15,260 |
| ALAN G WASSERMAN | FORMER CHAIR, DEPT OF MED Former | 1 | $0 | $192,286 | $38,538 |
| MICHAEL KNIGHT | FORMER CHAIR TRUSTEE Former | 40 | $163,916 | $0 | $7,716 |
| RICO WADE | CHIEF HUMAN RESOURCE OFFICER Key employee | 40 | $149,109 | $0 | $5,085 |
| ROBIN NICHOLS | FORMER CFO Former | 40 | $106,252 | $0 | $711 |
| ELLEN ZANE | CHAIR OF THE BOARD Trustee or director | 0.5 | $0 | $0 | $0 |
| RICHARD POPIEL MD | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| PAMELA LAWRENCE | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DEBORAH JOELSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JON KESSLER | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| D WAYNE BRACKIN | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MARK CHICHESTER | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KIM RUSSO | EX OFFICIO TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| STEVE WEYLANDT | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 28 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARK DIAZ | FORMER EXECUTIVE VP AND CFO Former | 1 | $0 | $2,398,079 | $43,959 |
| BARBARA BASS MD | CEO - EX OFFICIO Trustee or director, Officer | 15 | $0 | $1,253,794 | $145,567 |
| MICHAEL K ROSNER | PHYSICIAN Highest-paid employee | 40 | $1,355,159 | $0 | $16,963 |
| ANTON SIDAWY MD | CHIEF PHYSICIAN EXEC - EX OFFICIO Trustee or director, Officer | 40 | $1,043,279 | $0 | $16,622 |
| MICHAEL J OLDING | PHYSICIAN Highest-paid employee | 40 | $926,049 | $0 | $17,532 |
| WAYNE J OLAN | PHYSICIAN Highest-paid employee | 40 | $909,504 | $0 | $27,014 |
| DIMITRIOS SIGOUNAS | PHYSICIAN Highest-paid employee | 40 | $826,463 | $0 | $23,093 |
| AMEET SINGH | PHYSICIAN Highest-paid employee | 40 | $785,592 | $0 | $3,190 |
| NANCY GABA MD | CHAIR TRUSTEE AND SECRETARY Trustee or director, Officer | 40 | $639,159 | $0 | $26,767 |
| ROBERT ZEMAN MD | CHAIR TRUSTEE Trustee or director | 40 | $636,330 | $0 | $28,099 |
| JEFFREY BERGER | FORMER CHAIRMAN, DEPT OF ANESTH. Former | 40 | $644,525 | $0 | $16,074 |
| WILLIAM BORDEN | INT. CHAIR, DEPT OF MED Key employee | 40 | $603,438 | $0 | $27,908 |
| ALAN G WASSERMAN | FORMER CHAIR, DEPT OF MED Former | 40 | $0 | $552,160 | $47,824 |
| ROBERT SHESSER | CHAIRMAN, DEPT OF EMERGENCY MEDICINE Key employee | 40 | $577,258 | $0 | $21,271 |
| JEFFREY S AKMAN | FORMER VP-HEALTH AFF. & DEAN OF SMHS Former | 1 | $0 | $453,561 | $40,482 |
| LANCE KAPLAN | CFO Key employee | 1 | $0 | $442,038 | $40,198 |
| BRUNO FERNANDES | PRESIDENT-APPT TRUSTEE & TREASURER Trustee or director, Officer | 1 | $0 | $455,279 | $2,827 |
| PAMELA MCCLAIN | FORMER COO Former | 40 | $432,408 | $0 | $13,507 |
| MICHAEL KNIGHT MD | CHAIR TRUSTEE Trustee or director | 40 | $330,324 | $400 | $14,310 |
| BEN RIESTRA | COO Key employee | 40 | $184,928 | $0 | $11,583 |
| ELLEN ZANE | CHAIR OF THE BOARD Trustee or director | 0.5 | $0 | $0 | $0 |
| RICHARD POPIEL MD | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| PAMELA LAWRENCE | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DEBORAH JOELSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| NELSON CARBONELL JR | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| D WAYNE BRACKIN | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MARC ALBERT | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MARK CHICHESTER | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2150 PENNSYLVANIA AVE NW, WASHINGTON, DC 20037-3201
- In care of
- % JUDY BUCHANAN
- Principal officer (990 for 2024)
- BILL ELLIOTT, 2150 PENNSYLVANIA AVENUE NW, WASHINGTON, DC 20037
- Signed the 990
- JOANNE GREEN, CFO
- Phone
- (202) 741-3502
- Website
- WWW.GWDOCS.COM
- Return prepared by
- YOUNT HYDE & BARBOUR PC
Mission
MEDICAL FACULTY ASSOCIATES HAS THREE MAIN MISSIONS; EDUCATION, TO TEACH THE MEDICAL STUDENTS AND TRAIN RESIDENTS OF THE GEORGE WASHINGTON UNIVERSITY; RESEARCH, TO CONDUCT MEDICAL RESEARCH ON BEHALF OF THE GEORGE WASHINGTON UNIVERSITY (GWU); AND FINALLY TO PROVIDE MEDICAL CARE TO THE RESIDENTS OF THE GREATER WASHINGTON DC METRO AREA.
Program accomplishments
- HEALTH CARE PROGRAMS, GENERAL/OTHER: MEDICAL FACULTY ASSOCIATES, INC. (THE "COMPANY") WAS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE GEORGE WASHINGTON UNIVERSITY (THE "UNIVERSITY"), A CONGRESSIONALLY CHARTERED EDUCATIONAL INSTITUTION OF HIGHER EDUCATION IN THE DISTRICT OF COLUMBIA, INCLUDING ITS SCHOOL OF MEDICINE AND HEALTH SCIENCES, AND IN FURTHERANCE HEREOF THE COMPANY SHALL: PROVIDE PROFESSIONAL PHYSICIAN SERVICES AND RELATED HEALTH CARE SERVICES, INCLUDING DIAGNOSTIC AND THERAPEUTIC PROCEDURES AND SERVICES, TO PATIENTS IN THE GREATER WASHINGTON, DC COMMUNITY AND OTHER AREAS, INCLUDING THOSE UNABLE TO PAY FOR SUCH CARE; EMPLOY PHYSICIANS DULY LICENSED TO PRACTICE MEDICINE WHO HOLD A FACULTY APPOINTMENT AT THE UNIVERSITY, AND OTHER QUALIFIED PERSONNEL AND MAKE THE SERVICE OF SUCH PERSONNEL AVAILABLE TO INDIGENT AND OTHER PERSONS REQUIRING SUCH CARE; AND PERFORM THE OTHER NECESSARY OR APPROPRIATE FUNCTIONS AND SERVICES IN CONNECTION WITH THE ABOVE PURPOSES. IN SATISFACTION OF OUR EXEMPT PURPOSE, MFA PROVIDED 456,613 EPISODES OF CARE, INCURRED CONTRACTUAL ADJUSTMENTS FOR MEDICAID AND MEDICAID REPLACEMENT TOTALING APPROXIMATELY $58 MILLION, AND CONDUCTED NUMEROUS COMMUNITY OUTREACH PROGRAMS TO INCLUDE HIV CLINICS, PROSTATE CANCER SCREENINGS, BREAST CARE CENTER, AND A MAMMOVAN.Expenses $402,928,259 · revenue $386,695,478
- MEDICAL RESEARCH, GENERAL/OTHER: PROVIDE CERTAIN CLINICAL RESEARCH AND ADMINISTRATIVE SERVICES TO THE UNIVERSITY; FURTHER THE ADVANCEMENT OF MEDICAL KNOWLEDGE THROUGH BASIC AND APPLIED RESEARCH IN MEDICINE, LECTURES, CONSULTING, PUBLISHING INFORMATION AND TEACHING, PARTICULARLY REGARDING MEDICAL AND HEALTH CARE ISSUES PREVALENT IN URBAN COMMUNITIES. MFA'S FACULTY DOES THE MAJORITY OF THE MEDICAL RESEARCH AT THE GEORGE WASHINGTON UNIVERSITY MEDICAL SCHOOL. DURING THE FISCAL YEAR ENDING JUNE 30, 2025, MFA PERFORMED 210 STUDIES.Expenses $5,936,104 · revenue $5,916,285
- PROFESSIONAL EDUCATION: PROVIDE CERTAIN CLINICAL, TEACHING AND ADMINISTRATIVE SERVICES TO THE UNIVERSITY; UNDERTAKE TEACHING THE DIAGNOSIS AND TREATMENT OF MEDICAL CONDITIONS TO MEDICAL STUDENTS, INTERNS, RESIDENTS, FELLOWS AND OTHER PROFESSIONALS IN CONNECTION WITH THE UNIVERSITY. MFA'S FACULTY DOES THE MAJORITY OF THE TEACHING AND RESEARCH AT THE GEORGE WASHINGTON UNIVERSITY MEDICAL SCHOOL. DURING THE FISCAL YEAR ENDING JUNE 30, 2025, MFA PROVIDED PROFESSIONAL EDUCATION TO 394 MEDICAL RESIDENTS AND 751 STUDENTS.Expenses $17,100,880 · revenue $23,123,716
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-2220700
- 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
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E300)
- Assets (IRS master file)
- $274,408,056
- Income (IRS master file)
- $419,017,944
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $418,593,481 | $518,926,874 | $274,408,056 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $389,496,459 | $499,044,738 | $264,876,964 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $380,795,193 | $461,798,922 | $229,405,339 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $386,951,054 | $466,885,767 | $258,421,863 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 52-2220700).
Questions about MEDICAL FACULTY ASSOCIATES INC
- What is the EIN of MEDICAL FACULTY ASSOCIATES INC?
- The employer identification number (EIN) of MEDICAL FACULTY ASSOCIATES INC is 52-2220700.
- Is MEDICAL FACULTY ASSOCIATES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to MEDICAL FACULTY ASSOCIATES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MEDICAL FACULTY ASSOCIATES INC 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 MEDICAL FACULTY ASSOCIATES INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEDICAL FACULTY ASSOCIATES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MEDICAL FACULTY ASSOCIATES INC?
- The 990 for the year ended June 30, 2025 names BILL ELLIOTT.
- Who are the officers and directors of MEDICAL FACULTY ASSOCIATES INC?
- The 990 for the year ended June 30, 2025 lists 28 people; 13 received compensation from the organization.
- How much revenue does MEDICAL FACULTY ASSOCIATES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $418,593,481, expenses of $518,926,874 and total assets of $274,408,056 at year end.
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