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The Physicians Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200914085 ✦ Austin, TX ✦ Designated as a 501(c)(3)

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Overview

What is The Physicians Foundation Inc?

The Physicians Foundation Inc, based in Austin, Texas, is a non-profit organization dedicated to supporting and benefiting practicing physicians. Their goal is to enhance the quality of healthcare for all Americans, particularly amidst the growing administrative and regulatory burdens faced by physicians. The Foundation's purpose is to equip physicians with essential management and leadership skills, with a mission to assist physicians and the public in improving the quality of care received by patients in the evolving healthcare environment. This mission is carried out in a manner that constitutes charitable, scientific, or educational purposes, falling under the Internal Revenue Code's Section 501(c)(3). The Foundation, with a workforce of just two individuals, aims to support and improve the work of practicing physicians and contribute to the betterment of healthcare in the United States.


Official website here: www.physiciansfoundation.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)

The Physicians Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization has defined its financial practices well, evidenced by its excellent performance in various metrics such as having a high percentage of independent board members and robust oversight committee. With a program expense ratio of over 82%, it demonstrates a significant focus on its mission-driven activities.

The foundation's governance structures are well-established, featuring a comprehensive conflict of interest and whistleblower policies. Additionally, it maintains transparency through the listing of essential documents on its website and ensuring proper documentation of board meeting minutes. These factors contribute to the organization's credibility and trustworthiness among donors and stakeholders.

One notable strength is the absence of any material diversion of assets, indicating a high level of financial integrity. While the data does not highlight any specific limitations or concerns, ongoing transparency and adherence to best practices will be essential for maintaining this strong rating in the future. Overall, The Physicians Foundation Inc appears to be a responsible and effective nonprofit organization.


This AI summary has been generated from information found on Charity Navigator.

Is The Physicians Foundation Inc legitimate?

The Physicians Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Physicians Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $726,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.physiciansfoundation.org

What is the mission statement of The Physicians Foundation Inc?

The Physicians Foundation Inc is dedicated to furthering the work of practicing physicians and enhancing the quality of healthcare for all Americans. Their mission is geared towards supporting, benefiting, or carrying out the charitable purposes of publicly supported organizations that focus on promoting high-quality medical care. Specifically, they aim to assist physicians and the public in improving the quality of care received by patients in the evolving healthcare environment, in a manner that falls under charitable, scientific, or educational purposes as defined by Section 501(C)(3) of the Internal Revenue Code.


Official website here: www.physiciansfoundation.org

Who is the CEO of The Physicians Foundation Inc?

John Dorman is the Chairman of The Physicians Foundation Inc. The CEO's salary of The Physicians Foundation Inc is $312,500 and their total compensation is $312,500.


Official website here: www.physiciansfoundation.org

What is the revenue of The Physicians Foundation Inc?

The Physicians Foundation Inc's revenue in 2022 was $2,696,008.


Official website here: www.physiciansfoundation.org

Who are the executives of The Physicians Foundation Inc and what are their salaries?

The average compensation at The Physicians Foundation Inc during 2022 was $363,250. There are 2 employees at The Physicians Foundation Inc.


Here are 23 key members and their salaries (The Physicians Foundation Inc's CEO's salary is $312,500 and their total compensation is $312,500):


Gary Price Md (Chairman)
  • Compensation: $100,000
  • Related: $0
  • Other: $0
Subhi Ali Md (Treasurer)
  • Compensation: $14,000
  • Related: $0
  • Other: $0
Sandra Johnson (Member)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Russell Libby Md (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rip Hollister Md (Member)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Ralph Nobo Md (Member)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Phil Schuh (Member)
  • Compensation: $9,000
  • Related: $0
  • Other: $0
Paul Harrington (Member)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Palmer Jones (Member)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Joseph Valenti Md (Member)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Jennifer Hanscom (Member)
  • Compensation: $12,000
  • Related: $347,587
  • Other: $21,601
Dustin Corcoran (Member)
  • Compensation: $12,000
  • Related: $1,062,000
  • Other: $109,630
Don Alexander (Member)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Alex Malter Md (Member)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Larry Downs (Secretary)
  • Compensation: $14,000
  • Related: $249,804
  • Other: $0
Lawrence Braud Md (Vice President)
  • Compensation: $14,000
  • Related: $0
  • Other: $0
March Seabrook (Member)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Hurshell Baggett (Member)
  • Compensation: $9,000
  • Related: $300,841
  • Other: $50,567
Jerry Van Meter (Member)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Joy Maxey (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Darrouzet (Member)
  • Compensation: $0
  • Related: $629,216
  • Other: $42,547
John Dorman (Coo)
  • Compensation: $110,000
  • Related: $471,874
  • Other: $73,067
Robert Seligson (Ceo)
  • Compensation: $312,500
  • Related: $0
  • Other: $0


Official website here: www.physiciansfoundation.org

Where can I find the form 990 for The Physicians Foundation Inc?

The Physicians Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.physiciansfoundation.org

Learn more at the official website: www.physiciansfoundation.org

Mission Statement of The Physicians Foundation Inc

The Physicians Foundation Inc, a charitable organization, is dedicated to enhancing the work of practicing physicians and improving the quality of healthcare for all Americans. Through its mission, the Foundation aims to support, benefit, or carry out the charitable purposes of publicly-backed organizations whose objectives include promoting high-quality medical care. The Foundation's primary focus is on assisting physicians and the public to improve the quality of care received by patients in the evolving healthcare environment, in a manner that aligns with charitable, scientific, or educational purposes as defined by Section 501(C)(3) of the Internal Revenue Code. By doing so, the Foundation seeks to advance healthcare quality across the nation.

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Impact




June, 2024

The Physicians Foundation Inc advances the work of practicing physicians and improves the quality of healthcare for all Americans through physician leadership grants and programs. By equipping physicians with essential management and leadership skills, the foundation helps them navigate administrative and regulatory burdens effectively. Their focus on promoting high-quality medical care benefits physicians and the public, enhancing the overall quality of care received by patients in today's evolving healthcare environment.




This information is meant to be a general summary of The Physicians Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,696,008 (2022)
Expenses
$5,991,214 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,693,883
  • Gross Receipts: $11,575,063

Assets and Liabilities:

  • Total Assets: $110,470,672
  • Total Liabilities: $2,436,355
  • Net Assets: $108,034,317

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Organization Details

Founding Year

2003

Principal Officer

John Dorman

Main Address

401 W 15TH STREET 100, AUSTIN, TX, 78701

NTEE Category

Code: F129 - Mental health

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