Florida Medical Practice Plan INC

Tax-deductible

Tallahassee, FL501(c)(3)Since 2006EducationEIN 57-1234883

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The purposes of Florida Medical Practice Plan are to: 1) further the education, service, and research missions of the Florida state university college of medicine, a component of the Florida state university board of trustees; and 2) enable faculty to maintain clinical competence, fulfill certification requirements, share expertise with other health care providers, and serve as clinical teachers for students and resident physicians.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$187K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $398K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$187K
to officers and key staff · 2% of spending
Top officer’s pay lower than 99% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $900K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.7M
71% of total assets
Worth a look: liabilities are 71% of assets; over 65%.
Pt X · Ln 26
Independent board members
0
of 11 voting members
Concern: none of 11 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.6M
-0.9% vs prior year
Spent
$12.1M
To programs
98%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$11.6M
FY2024▼ -0.9%
Revenue by fiscal year
FY2020$7.6M
FY2021$9.4M
FY2022$8.7M
FY2023$10.9M
FY2024$11.8M
FY2024$11.6M
Expenses
$12.1M
FY2024▲ +8%
Expenses by fiscal year
FY2020$8.0M
FY2021$9.3M
FY2022$9.8M
FY2023$12.2M
FY2024$11.1M
FY2024$12.1M
Net assets
$1.5M
FY2024▼ -13%
Net assets by fiscal year
FY2020$3.1M
FY2021$3.3M
FY2022$1.9M
FY2023$698K
FY2024$1.7M
FY2024$1.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $11.9M Management & general 2% · $210K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $187K paid to officers and key staff.

Part VII, Section A · reportable compensation
$66,728Pt VII · Sec A
$36,460Pt VII · Sec A
Former Director
$34,516Pt VII · Sec A
$24,418Pt VII · Sec A
$15,488Pt VII · Sec A
$4,984Pt VII · Sec A
$4,340Pt VII · Sec A
$0Pt VII · Sec A

Laquanta Jaunice Gowder Rosier’s $67K as CFO is at the 1st percentile of top reported officer pay among 3683 $10–100M education 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 · 8 named individuals · Part VII

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports medical education, research, and faculty clinical practice at Florida State University College of Medicine.

Provided by the organization

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1 program service account for $11.9M of program spending, described in the organization's own filed words · FY2024.
01

Performed Professional Services in Support of

1) an affiliation agreement with a hospital for graduate medical education programs, and 2) agreements with health departments, clinics, and other for patient care.

$11.9Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$900K
Grants paid · 7 grants · $1.7M · 2019–2024
Florida State UniversityFL · FY2024$97,600
Florida State UniversityFL · FY2023$373,704
Florida State UniversityFL · FY2022$386,463
Florida State UniversityFL · FY2021$361,106
Florida State UniversityFL · FY2020$218,268
Florida State UniversityFL · FY2019$239,473

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$11.6M
Ln 12
Fees for servicesLn 2g$11.6M
Investment incomeLn 3$60K
Money outPt IX
$12.1M
Ln 25
Programscol B$11.9M
Managementcol C$210K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$5.2M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
15
listed · VII A
PaidVII A7
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$11.6M
Investment incomeLn 3$60K
Gains on assetsLn 7$58K
Total revenueLn 12$11.6M
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$2.5M
Land, buildings, equipmentLn 10c$44K
Other assetsLn 15$35K
Total assetsLn 16$5.2M
LiabilitiesLn 26$3.7M
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 5149
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.7M$1.0M
InvestmentsLn 11–13$2.7M$2.5M
Land, buildings, equipmentLn 10c$59K$44K
Total assetsLn 16$6.5M$5.2M
LiabilitiesLn 26$4.8M$3.7M
Net assetsLn 32$1.7M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$98K$98K
Pay of current officers, directors and key staffLn 5$92K$91K$681
Other salaries and wagesLn 7$6.6M$6.6M
Other employee benefitsLn 9$2.5M$2.5M
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$403K$403K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$160K$160K
Information technologyLn 14$47K$47K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$75K$75K
InsuranceLn 23$647K$647K
Other expenses (24a–d)Ln 24$1.5M$1.5M$21K
Total functional expensesLn 25$12.1M$11.9M$210K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $11.8M$11.1M$607K$1.7M 990 PDF
FY2023 $10.9M$12.2M−$1.2M$698K 990 PDF
FY2022 $8.7M$9.8M−$1.1M$1.9M 990 PDF
FY2021 $9.4M$9.3M$130K$3.3M 990 PDF
FY2020 $7.6M$8.0M−$348K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $11,647,599 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,587,464$11,587,464
VIII-3 Investment incomeExcluded from tax $2,560$2,560
VIII-7 Net gain or loss on sales of assetsExcluded from tax $57,575$57,575
VIII-12 Total revenueRelated to mission $11,587,464 · Unrelated business $0 · Excluded from tax $60,135$11,647,599
Part IX · Statement of functional expenses $12,095,392 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $97,600$97,600
IX-5 Pay of current officers, directors and key staffPrograms $90,849 · Management $681$91,530
IX-7 Other salaries and wagesPrograms $6,585,399$6,585,399
IX-9 Other employee benefitsPrograms $2,463,818$2,463,818
IX-11c Accounting feesManagement $23,400$23,400
IX-11g Other fees for servicesPrograms $402,584$402,584
IX-12 Advertising and promotionManagement $5,178$5,178
IX-13 Office expensesManagement $159,623$159,623
IX-14 Information technologyPrograms $46,734$46,734
IX-20 InterestPrograms $2,705$2,705
IX-22 Depreciation, depletion and amortizationPrograms $74,785$74,785
IX-23 InsurancePrograms $646,763$646,763
IX-24 Other expenses (24a–d)Programs $1,474,359 · Management $20,914$1,495,273
IX-25 Total functional expensesPrograms $11,885,596 · Management $209,796 · Fundraising $0$12,095,392
Part X · Balance sheet $5,166,907 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $6,778$11,613
X-2 Savings and temporary cash investmentsStart of year $1,658,836$1,001,965
X-4 Accounts receivableStart of year $1,862,868$1,364,815
X-9 Prepaid expenses and deferred chargesStart of year $135,590$212,227
X-10c Land, buildings and equipment, netStart of year $59,009$43,868
X-11 Publicly traded securitiesStart of year $2,657,654$2,496,099
X-12 Other securitiesStart of year $825$1,528
X-15 Other assetsStart of year $94,436$34,792
X-16 Total assetsStart of year $6,475,996$5,166,907
X-17 Accounts payable and accrued expensesStart of year $381,566$620,641
X-19 Deferred revenueStart of year $152,104$223,978
X-25 Other liabilitiesStart of year $4,251,803$2,843,497
X-26 Total liabilitiesStart of year $4,785,473$3,688,116
X-32 Total net assets or fund balancesStart of year $1,690,523$1,478,791
X-33 Total liabilities and net assetsStart of year $6,475,996$5,166,907
Part XI · Reconciliation of net assets $1,478,791 net assets at year end
XI-1 Total revenue$11,647,599
XI-2 Total expenses$12,095,392
XI-3 Revenue less expenses−$447,793
XI-4 Net assets at start of year$1,690,523
XI-5 Net unrealized gains (losses) on investments$236,061
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,478,791

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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