Physicians for Peace EIN 54-1532165 Form 990 (PDF) Claim this org

Physicians for Peace FY2025 filing

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Trains healthcare professionals in developing regions to improve patient care. For fiscal year 2025 it reported $500K in revenue, $505K in expenses, and $198K in net assets.Pt I

Founded
1989
Type
Public charity (501(c)(3)) · International
Location
Norfolk, VA
Website
www.physiciansforpeace.org
Filings
5 on file (2020–2025)
Revenue
$500KFY2025
Expenses
$505K
Net assets
$198K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  54-1532165 Public charity (501(c)(3)) Norfolk, VA Founded 1989
Form 990 (PDF)
You’re viewing the FY2025 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Trains healthcare professionals in developing regions to improve patient care.
Leadership
James Morgan · CEO (thru 9/24) · $146K
Money in and out
$500K revenue, $505K expenses
Bottom line
63% program efficiency
Where the money goes · FY2025
Total revenue
$500K
Pt VIII · Ln 12
Total expenses
$505K
Pt IX · Ln 25
Net assets
$198K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.13 Fundraising $0.25
Program efficiency
63%
of spending reaches programs
Operating runway
2.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$500K
FY2025▼ -16%
Expenses
$505K
FY2025▼ -35%
Total assets
$217K
FY2025▼ -12%
Total liabilities
$20K
FY2025▼ -54%
Total revenue
$500K
Pt VIII · Ln 12
Total expenses
$505K
Pt IX · Ln 25
Net assets
$198K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$217K
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPhysicians for Peace
EINHdr · item D54-1532165
Principal addressHdr · item CNorfolk, VA
WebsiteHdr · item Jwww.physiciansforpeace.org
Year of formationHdr · item L1989
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q300)
Ruling yearIRS BMFMay 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
CEO (thru 9/24)
$146,490Pt VII · Sec A
Accounting Manager
$39,694Pt VII · Sec A
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mary Jeanie Daniel’s $40K as Accounting Manager is at the 36th percentile of top reported officer pay among 1637 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2025FY2024FY2023FY2022FY2020
James E Morgan CPA$201,250$193,750
James E Morgan CPA$191,707
James E Morgan$184,948
James Morgan$146,490
Mary Jeanie Daniel$77,825$73,000$73,000
Mary (jeanie) Daniel$68,908
Mary Jeanie Daniel$39,657$39,694

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $309K of program spending, described in the organization's own filed words · FY2024.
01

Physicians for Peace is committed to improving access to safe, timely surgical care by educating and training Malawian surgeons, clinical officers, surgical registrars and allied health providers to increase the country's surgical capacity, quality and resilience.

$248Kprogram expense
02

In keeping with a decade of support for surgical education and training at Queen Elizabeth Central Hospital (QECH) in Blantyre, Malawi, Physicians for Peace offers a scholarship opportunity to trainees in either general surgery or anaesthesia who will contribute to expansion of the country's surgical capacity and medical leadership.

$45Kprogram expense
03

The burn surgery program implemented by Physicians for Peace exists to provide essential skills and training that contributes to greater access to quality healthcare in under-resourced areas of the world.

$16Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$500K
Investment income$8
— government grantsLn 1e$137K
Total revenueLn 12$500K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.13 Fundraising $0.25
Program services63%$317K
Management & general13%$64K
Fundraising25%$124K
Total functional expensesLn 25$505K

Balance Sheet

Part X · end of year
CashLn 1$104K
Total assetsLn 16$217K
Total liabilitiesLn 26$20K
Total net assetsLn 32$198K
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $104K · Operating expenses/yr $505K
2.5 months
Where the money goes
Program services
Program services $317K · Total expenses $505K
63%
Management & General
Management & general $64K · Total expenses $505K
13%
Fundraising
Fundraising $124K · Total expenses $505K
25%
Cost to raise $1
Fundraising expense (3-yr avg) $200K · Solicited contributions (3-yr avg) $541K
$0.37 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $500K · Total revenue $500K
100%
Government reliance
Government grants $137K · Total revenue $500K
27%
Earned-income share
Program service revenue $0 · Total revenue $500K
0%
Investment reliance
Investment income $8 · Total revenue $500K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $505K
0%
Growth & trend
Revenue growth (YoY)
This year $500K · Prior year $593K
-16%
Revenue CAGR
FY2020 $716K · FY2024 $500K
-9%
Net-asset trend (YoY)
End of year $198K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $500K · Expenses $505K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $217K
Net-asset ratio
Net assets $198K · Total assets $217K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $217K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual James Morgan · Reported title CEO (thru 9/24) · Highest reported compensation $146K · Total expenses $505K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $310K · Total expenses $505K
61%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 13%
Fundraising cost ratio 25%
Revenue growth -16%
Legal fee ratio 0.9%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 1 grant · $53K · 2025–2025
Resurge InternationalCA · FY2025$53,313

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025$500K revenue · viewing · ⤓ 990 PDF
FY2024$593K revenue · ⤓ 990 PDF
FY2023$679K revenue · ⤓ 990 PDF
FY2022$696K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$716K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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