Public Charity

FEDERATION OF STATE MEDICAL BOARDS OF THE UNITED STATES INC

FEDERATION OF STATE MEDICAL BOARDS OF THE UNITED STATES INC is a nonprofit organization categorized as Public Charity based in EULESS, TX. Its most recent IRS filing (2025) reports revenue of $67.0M, expenses of $65.3M, total assets of $115.9M.

EIN: 751092490 EULESS, TX Research Institutes & Public Policy Analysis NTEE: G05 Latest filing: 2025
Total Revenue$67.0M
Total Expenses$65.3M
Total Assets$115.9M
Grant Records0
Filing Years2021–2025

Mission

THE FSMB SERVES AS THE VOICE FOR STATE MEDICAL BOARDS, SUPPORTING THEM THROUGH EDUCATION, ASSESSMENT, RESEARCH AND ADVOCACY WHILE PROVIDING SERVICES AND INITIATIVES THAT PROMOTE PATIENT SAFETY, QUALITY HEALTH CARE AND REGULATORY BEST PRACTICES.

Where $100 goes at Federation of State Medical Boards of the United States Inc

How Federation of State Medical Boards of the United States Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$23 Programs the work itself
$77 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $23 for programs

$6
Credentials verification service:the credentials verification service establishes a permanent, lifetime repository of primary-source verified core credentials for physicians and physician assistants eliminating the need to go through the…
25% of program spending
$6
Member services:fsmb supports state medical boards as they protect the public and promote quality health care, partnering and innovating with them to shape the future of medical regulation
25% of program spending
$6
Special purpose examination (spex) and united states medical licensing examination (usmle):the federation makes available to member medical boards, a uniform, high quality examination for medical licensure along with…
25% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

VP, RESEARCH & DATA SERVICES Aaron Young
DIRECTOR Alexios Carayannopoulos
DIRECTOR Andrea Anderson
CHIEF OF STAFF Andrea Ciccone
DIRECTOR, PRODUCT MANAGER TRANSFORMATION & AUTOMAT Christine Wells
DIRECTOR Christy Valentine Theard

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $67.0M $65.3M $115.9M
2024 $70.5M $60.1M $110.8M
2023 $62.9M $52.2M $95.7M
2022 $61.3M $51.9M $83.0M
2021 $54.4M $48.6M $78.1M

Between 2021 and 2025, reported annual revenue grew from $54.4M to $67.0M (+23%), with total assets most recently reported at $115.9M.

Interactive year-over-year charts and full filing details available with membership.

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