Florida Medical Practice Plan INC FY2021 filing

Tax-deductible

Tallahassee, FL501(c)(3)Since 2006EducationEIN 57-1234883Revenue $9.4M in FY2021

On file with the IRSmed.fsu.edu/fmpp1115 W Call St, 32304-3556 · Tallahassee, FLTax-exempt since Aug 2008Supporting organization — 509(a)(3)

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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.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $406K a year · 4% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
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
$3.1M
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 13 voting members
Concern: none of 13 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.4M
+24% vs prior year
Spent
$9.3M
To programs
99%
Net assets
$3.3M
By yearFY2020–FY2025
Revenue
$9.4M
FY2021▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.6M
FY2021$9.4M
FY2022$8.7M
FY2023$10.9M
FY2024$11.8M
FY2025$11.6M
Expenses
$9.3M
FY2021▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.0M
FY2021$9.3M
FY2022$9.8M
FY2023$12.2M
FY2024$11.1M
FY2025$12.1M
Net assets
$3.3M
FY2021▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$3.3M
FY2022$1.9M
FY2023$698K
FY2024$1.7M
FY2025$1.5M

From the FY2021 Form 990 (year ending June 2021) · 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: FY2025. IRS ruling in Aug 2008.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $9.2M Management & general 1% · $100K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt 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 2Yes
  • 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.

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Provided by the organization

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1 program · $9.2M · in their own filed words · FY2020
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.

$9.2Mprogram expense

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 FY2021 990, line by line.

1The main four
Money inPt VIII
$9.4M
Ln 12
Fees for servicesLn 2g$8.7M
Investment incomeLn 3$768K
Money outPt IX
$9.3M
Ln 25
Programscol B$9.2M
Managementcol C$100K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$376K
Total assetsLn 16$6.4M
LiabilitiesLn 26$3.1M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$8.7M
Investment incomeLn 3$768K
Total revenueLn 12$9.4M
Assets in detailPt X, end of year
CashLn 1$21K
SavingsLn 2$355K
Cash and savings togetherLn 1–2$376K
InvestmentsLn 11–13$5.1M
Land, buildings, equipmentLn 10c$95K
Total assetsLn 16$6.4M
LiabilitiesLn 26$3.1M
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 5149
VolunteersI 60
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$1.5M$376K
InvestmentsLn 11–13$4.3M$5.1M
Land, buildings, equipmentLn 10c$110K$95K
Total assetsLn 16$6.4M$6.4M
LiabilitiesLn 26$3.3M$3.1M
Net assetsLn 32$3.1M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$218K$218K
Other salaries and wagesLn 7$5.8M$5.8M
Pension plan contributionsLn 8$439K$439K
Other employee benefitsLn 9$825K$825K
Payroll taxesLn 10$310K$310K
Accounting feesLn 11c$22K$22K
Other fees for servicesLn 11g$314K$314K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$75K$75K
Information technologyLn 14$61K$61K
OccupancyLn 16$89K$89K
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$639K$639K
Other expenses (24a–d)Ln 24$530K$530K
Total functional expensesLn 25$9.3M$9.2M$100K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11.6M$12.1M−$448K$1.5M 990 PDF
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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $9,443,720 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $7,486,569$8,675,873
I-10 Investment incomePrior year $139,113$767,847
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,625,682$9,443,720
I-13 Grants and similar amounts paidPrior year $239,473$218,268
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,124,366$7,348,769
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,609,488$1,746,882
I-18 Total expensesPrior year $7,973,327$9,313,919
I-19 Revenue less expensesPrior year −$347,645$129,801
Part VI · Governance 0 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,443,720 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,675,873$8,675,873
VIII-3 Investment incomeExcluded from tax $767,847$767,847
VIII-12 Total revenueRelated to mission $8,675,873 · Unrelated business $0 · Excluded from tax $767,847$9,443,720
Part IX · Statement of functional expenses $9,313,919 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $218,268$218,268
IX-7 Other salaries and wagesPrograms $5,775,801$5,775,801
IX-8 Pension plan contributionsPrograms $438,536$438,536
IX-9 Other employee benefitsPrograms $824,674$824,674
IX-10 Payroll taxesPrograms $309,758$309,758
IX-11c Accounting feesManagement $22,200$22,200
IX-11g Other fees for servicesPrograms $313,639$313,639
IX-12 Advertising and promotionManagement $2,359$2,359
IX-13 Office expensesManagement $75,425$75,425
IX-14 Information technologyPrograms $60,953$60,953
IX-16 OccupancyPrograms $88,510$88,510
IX-22 Depreciation, depletion and amortizationPrograms $14,770$14,770
IX-23 InsurancePrograms $639,414$639,414
IX-24 Other expenses (24a–d)Programs $529,612$529,612
IX-25 Total functional expensesPrograms $9,213,935 · Management $99,984 · Fundraising $0$9,313,919
Part X · Balance sheet $6,356,277 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $14,578$20,957
X-2 Savings and temporary cash investmentsStart of year $1,454,837$354,970
X-4 Accounts receivableStart of year $464,715$743,674
X-9 Prepaid expenses and deferred chargesStart of year $47,510$40,934
X-10c Land, buildings and equipment, netStart of year $110,229$95,459
X-11 Publicly traded securitiesStart of year $1,746,905$2,246,788
X-12 Other securitiesStart of year $2,600,267$2,853,495
X-16 Total assetsStart of year $6,439,041$6,356,277
X-17 Accounts payable and accrued expensesStart of year $171,725$79,894
X-19 Deferred revenueStart of year $125,864$115,004
X-25 Other liabilitiesStart of year $3,008,711$2,898,837
X-26 Total liabilitiesStart of year $3,306,300$3,093,735
X-32 Total net assets or fund balancesStart of year $3,132,741$3,262,542
X-33 Total liabilities and net assetsStart of year $6,439,041$6,356,277
Part XI · Reconciliation of net assets $3,262,542 net assets at year end
XI-1 Total revenue$9,443,720
XI-2 Total expenses$9,313,919
XI-3 Revenue less expenses$129,801
XI-4 Net assets at start of year$3,132,741
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,262,542

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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