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Virginia · Nonprofit

NATIONAL MEDICAL FELLOWSHIPS INC

NATIONAL MEDICAL FELLOWSHIPS INC (Virginia) receives grants from 79 organizations whose IRS filings report $28,403,351 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($12,000,000). 40 of them have funded it in more than one year.

Revenue FY2025
$4.4M
Funders on record
79
Grants received
$28M
Net assets
$5.8M
40/79 repeat funderspeak grant-dependency 94%
01What it does

What National Medical Fellowships Inc does

Mission

The mission of national medical fellowships, inc. ("nmf") is to broaden the pathways to medical education, provide transformative leadership opportunities, and ensure clinical research includes everyone. We deliver programs and support to ensure the future success of medical students and current practitioners.

As stated on its FY2025 Form 990.

Programs

  1. Scholarships and awards - national medical fellowships' scholarships and awards have been at the core of its programming. Nmf scholarship programs recognize merit as well as financial need. Over the years, funding for scholarships has come from hundreds of foundations and from individuals. Nmf actively seeks and welcomes partnerships to build and expand the types and amount of support we provide to our scholars.

    $1,397,848 spentof which $790,940 as grants
    38% of program spending
  2. Mission-based education - national medical fellowshipsoffers mission-based, experiential learning programs that enhance scholars' knowledge and skills regarding best practices in community health. These programs present opportunities for scholars to cultivate and strengthen their collaborative leadership abilities so that they can address the health needs of all communities.

    $1,011,465 spentof which $477,204 as grants
    27% of program spending
  3. Professional and career development - nmf provides scholarship information to students and academic institutions and communicates the critical need to expand the healthcare workforce to address current and growing shortages. Nmf also coordinates and organizes volunteer and community service opportunities to promote public awareness about its programs. In addition, with the support of almuni, friends, and partners, nmf is building a robust almuni network. Through nmf almuni-sponsored events and other activities, this network is being brought into active partnership to strengthen and expand programs, and provide financial support for the organization.

    $738,730 spentof which $134,958 as grants
    20% of program spending
  4. Public information and alumni relations - nmf provides scholarship information to students and academic institutions and communicates the critical need to expand the healthcare workforce to address current and growing shortages. Nmf also coordinates and organizes volunteer and community service opportunities to promote public awareness about its programs. In addition, with the support of almuni, friends, and partners, nmf is building a robust almuni network. Through nmf almuni-sponsored events and other activities, this network is being brought into active partnership to strengthen and expand programs, and provide financial support for the organization.

    $558,490 spentof which $2,855 as grants
    15% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $3,706,533.

02The organization over time

The organization over time

Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20182018 Revenue 100 ($3.6M) Expenses 100 ($4.0M) Net assets 100 ($1.4M)2019 Revenue 153 ($5.6M) Expenses 97 ($3.8M) Net assets 224 ($3.2M)2020 Revenue 99 ($3.6M) Expenses 92 ($3.7M) Net assets 219 ($3.1M)2021 Revenue 164 ($5.9M) Expenses 111 ($4.4M) Net assets 327 ($4.6M)2022 Revenue 491 ($18M) Expenses 197 ($7.8M) Net assets 981 ($14M)2023 Revenue 150 ($5.4M) Expenses 206 ($8.2M) Net assets 791 ($11M)2024 Revenue 157 ($5.7M) Expenses 259 ($10M) Net assets 467 ($6.6M)2025 Revenue 120 ($4.4M) Expenses 132 ($5.2M) Net assets 410 ($5.8M)
'18'19'20'21'22'23'24'25
Revenue (120)Expenses (132)Net assets (410)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $7.6M to $17M (+122%).

$2.3M
$4.0M
$5.0M
$7.6M
$17M
$15M
$9.8M
$8.0M
'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 3%. Grants only. Government contracts and fees sit inside program revenue.

93% of NATIONAL MEDICAL FELLOWSHIPS INC’s revenue is contributions — more donation-reliant than the typical peer (51% for the typical peer).

This organization
Typical peer · 8,632 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.

−$329k
’18
$1.7M
’19
−$76k
’20
$1.6M
’21
$10M
’22
−$2.7M
’23
−$4.6M
’24
−$866k
’25
0.8
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Michellene Davis

President & CEO

Board chair

Jon Corzine

Chairperson

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2018 and FY2019, and between the FY2019 and FY2020, and between the FY2020 and FY2021 filings.

'18'19'20'21'22'23'24'25
Listed2322242121222618
Joined·+3+3+1+9+3+9+2
No longer listed·41492510
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 17 funders to 19 funders, grant income rose $921k → $1.8M.

13 of 79 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 49% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of NATIONAL MEDICAL FELLOWSHIPS INC’s funders (the co-funder graph). Top 30 of 79 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

NATIONAL MEDICAL FELLOWSHIPS INC leans on a few funders — its largest provides 42% of grant income and the top three 65%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

81% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NATIONAL MEDICAL FELLOWSHIPS INC.

42%
largest funder
65%
top three
~5
effective funders

Largest funder’s share by year: 2017 39% · 2018 26% · 2019 28% · 2020 31% · 2021 32% · 2022 72% · 2023 37% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

44% of NATIONAL MEDICAL FELLOWSHIPS INC's funders are still giving 3 years after their first grant; 51% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

NATIONAL MEDICAL FELLOWSHIPS INC draws 99% of its grant income from funders outside Virginia, across 23 states in all.

WA
MN
IL
MI
NY
MA
OR
NV
IN
PA
NJ
CT
CA
MO
VA
MD
DE
AZ
TN
NC
DC
GA
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Virginia out of state home

Funder states come from each funder’s own filing. $14M arriving through sponsors registered in 11 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

NATIONAL MEDICAL FELLOWSHIPS INC's funding base is broadening — from 17 funders to 19 as grant income climbed.

Operating margin−20% · bottom quartile
Months of reserve0.8mo · bottom quartile
Revenue growth (annualized)3% · below the median

this organization peer median middle 50% of peers· 5,002 health nonprofits $1M–$10M, FY2025

Organizations like NATIONAL MEDICAL FELLOWSHIPS INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Virginia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

71% of spending goes to programs.

Program 71%Management 21%Fundraising 8%

Governance

18
board members
94%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

62%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 36 states

AK
ME
NH
ND
MN
IL
WI
MI
NY
MA
OR
OH
PA
CT
RI
CA
UT
CO
MO
KY
WV
VA
MD
AZ
KS
AR
TN
NC
SC
DC
HI
OK
MS
AL
GA
FL

Screen this organization

A dated, signed PDF of the compliance screen for NATIONAL MEDICAL FELLOWSHIPS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds NATIONAL MEDICAL FELLOWSHIPS INC?
NATIONAL MEDICAL FELLOWSHIPS INC (Virginia) receives grants from 79 organizations whose IRS filings report $28,403,351 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($12,000,000). 40 of them have funded it in more than one year.
How many funders does NATIONAL MEDICAL FELLOWSHIPS INC have?
IRS filings report 79 organizations giving $28,403,351 in grants to NATIONAL MEDICAL FELLOWSHIPS INC, 40 of which have funded it in more than one year.
Who is the largest funder of NATIONAL MEDICAL FELLOWSHIPS INC?
NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $12,000,000 in grants. The full list of funders is on this page.
How can an organization like NATIONAL MEDICAL FELLOWSHIPS INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds National Medical Fellowships →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 79 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing