Physicians for Fair Coverage Ltd

Washington, DCUnknown exempt organization EIN 81-2941933Revenue $1.6M in FY2020Latest return filed Jul 20, 2021

On file with the IRSthepfc.orgWashington, DC

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Advocacy organization to improve patient protections and End The Surprise Insurance Gap- See Part III

85¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$241K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$1.7M
To programs
85%
Net assets
$0

From the FY2020 Form 990 (year ending September 2020) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.4M Management & general 15% · $250K

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

8 people listed on the 990; $241K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO / Secretary
$240,699Pt VII · Sec A
Chair-Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Physicians for Fair Coverage Ltd executive salaries →

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 15aNo

Programs and updates

Advocates for better patient protections and ending surprise medical bills.

Questions for Physicians for Fair Coverage Ltd

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2 programs · $1.4M · in their own filed words · FY2020
01

In 2020, PFC supports state legislative efforts to end surprise billing with strong patient protections by taking the patient out of the middle of disputes between insurers and physicians, applying patient out-of-pocket expenses at the in-network rate for unexpected out-of-network services, ensuring access to care through fair…

$1.4Mprogram expense
02

Membership

PFC is comprised of tens of thousands of physicians from a variety of specialties who annually serve millions of patients in thousands of facilities nationwide. Members are strong patient advocates, agree any billing disputes should remain between themselves and insurers and can fairly be resolved through a proven appeals process, and do…

$49Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.2M
Gifts and grantsLn 1h$422K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.4M
Managementcol C$250K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$422K
Fees for servicesLn 2g$1.2M
Gains on assetsLn 7−$8K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$217K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$18K$0
Total assetsLn 16$692K$0
LiabilitiesLn 26$610K$0
Net assetsLn 32$82K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$252K$180K$71K
Other salaries and wagesLn 7$221K$158K$63K
Other employee benefitsLn 9$24K$17K$7K
Payroll taxesLn 10$29K$20K$8K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$41K$41K
Lobbying feesLn 11d$450K$450K
Other fees for servicesLn 11g$890$638$252
Advertising and promotionLn 12$507K$507K
Office expensesLn 13$15K$10K$5K
Information technologyLn 14$75K$37K$38K
OccupancyLn 16$13K$9K$4K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$6K$6K
Depreciation, depletion and amortizationLn 22$520$520
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$9K$584$9K
Total functional expensesLn 25$1.7M$1.4M$250K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest ViewingFiled with the IRS Jul 20, 2021 $1.6M$1.7M−$82K$0 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,580,139 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,770,290$422,000
I-9 Program service revenuePrior year $1,670,668$1,166,001
I-10 Investment incomePrior year $0−$7,862
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $8,440,958$1,580,139
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $302,668$525,255
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,139,326$1,137,299
I-18 Total expensesPrior year $8,441,994$1,662,554
I-19 Revenue less expensesPrior year −$1,036−$82,415
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,580,139 across 5 lines filed
VIII-1f All other contributions, gifts and grants$422,000
VIII-1h Total contributions, gifts and grants$422,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,166,001$1,166,001
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$7,862−$7,862
VIII-12 Total revenueRelated to mission $1,166,001 · Unrelated business $0 · Excluded from tax −$7,862$1,580,139
Part IX · Statement of functional expenses $1,662,554 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $180,236 · Management $71,455$251,691
IX-7 Other salaries and wagesPrograms $158,154 · Management $62,701$220,855
IX-9 Other employee benefitsPrograms $17,301 · Management $6,859$24,160
IX-10 Payroll taxesPrograms $20,444 · Management $8,105$28,549
IX-11b Legal feesPrograms $14,079$14,079
IX-11c Accounting feesManagement $41,130$41,130
IX-11d Lobbying feesPrograms $450,217$450,217
IX-11g Other fees for servicesPrograms $638 · Management $252$890
IX-12 Advertising and promotionPrograms $507,413$507,413
IX-13 Office expensesPrograms $10,000 · Management $4,826$14,826
IX-14 Information technologyPrograms $36,579 · Management $38,425$75,004
IX-16 OccupancyPrograms $9,103 · Management $3,609$12,712
IX-17 TravelPrograms $2,166$2,166
IX-19 Conferences, conventions and meetingsPrograms $6,058$6,058
IX-22 Depreciation, depletion and amortizationManagement $520$520
IX-23 InsuranceManagement $2,817$2,817
IX-24 Other expenses (24a–d)Programs $584 · Management $8,883$9,467
IX-25 Total functional expensesPrograms $1,412,972 · Management $249,582 · Fundraising $0$1,662,554
Part X · Balance sheet $0 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $216,945$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $352,080$0
X-4 Accounts receivableStart of year $52,334$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $45,405$0
X-10c Land, buildings and equipment, netStart of year $18,057$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $7,250$0
X-16 Total assetsStart of year $692,071$0
X-17 Accounts payable and accrued expensesStart of year $397,156$0
X-19 Deferred revenueStart of year $212,500$0
X-26 Total liabilitiesStart of year $609,656$0
X-27 Net assets without donor restrictionsStart of year $82,415$0
X-32 Total net assets or fund balancesStart of year $82,415$0
X-33 Total liabilities and net assetsStart of year $692,071$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$1,580,139
XI-2 Total expenses$1,662,554
XI-3 Revenue less expenses−$82,415
XI-4 Net assets at start of year$82,415
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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