Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $450,000

• 3 · Investment income

  total $2,054,136 · unrelated business -$32,690 · excluded $2,086,826

• 7a · Gross sales of assets other than inventory

  securities $4,257,368

• 7b · Less cost or other basis and sales expenses

  securities $0

• 7c · Gain or loss

  securities $4,257,368

• 7d · Net gain or loss

  total $4,257,368 · excluded $4,257,368

• 11a · Other revenue: HONORARIA

  total $1,000 · excluded $1,000

• 11e · Other revenue, total

  $1,000

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,552,479 · program services $1,552,479

• 5 · Compensation of officers, directors and key employees

  total $1,002,658 · program services $1,002,658

• 7 · Other salaries and wages

  total $843,487 · program services $843,487

• 8 · Pension plan contributions

  total $15,216 · program services $15,216

• 9 · Other employee benefits

  total $121,004 · program services $121,004

• 10 · Payroll taxes

  total $100,505 · program services $100,505

• 11c · Fees: accounting

  total $17,224 · program services $17,224

• 11g · Fees: other

  total $163,827 · program services $163,827

• 12 · Advertising and promotion

  total $2,714 · program services $2,714

• 13 · Office expenses

  total $139,984 · program services $139,984

• 14 · Information technology

  total $6,259 · program services $6,259

• 16 · Occupancy

  total $111,932 · program services $111,932

• 17 · Travel

  total $65,731 · program services $65,731

• 19 · Conferences, conventions and meetings

  total $369,389 · program services $369,389

• 23 · Insurance

  total $32,123 · program services $32,123

• 24a · Other expenses: FEDERAL UBI TAX

  total $53,088 · program services $53,088

• 24b · Other expenses: MEMBERSHIP DUES

  total $5,500 · program services $5,500

• 24c · Other expenses: BAD DEBT EXPENSE

  total $4,525 · program services $4,525

• 24e · All other expenses

  total $9,700 · program services $9,700

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $530,444 · end of year $295,111

• 2 · Savings and temporary cash investments

  beginning of year $1,117,402 · end of year $1,056,407

• 3 · Pledges and grants receivable

  beginning of year $60,001 · end of year $125,001

• 4 · Accounts receivable

  beginning of year $14,225

• 9 · Prepaid expenses and deferred charges

  beginning of year $88,205 · end of year $130,000

• 10a · Land, buildings and equipment: cost or other basis

  $24,011

• 10b · Land, buildings and equipment: accumulated depreciation

  $24,011

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $40,321,974 · end of year $45,717,206

• 12 · Investments: other securities

  beginning of year $42,021,065 · end of year $44,591,181

• 17 · Accounts payable and accrued expenses

  beginning of year $531,522 · end of year $440,494

• 18 · Grants payable

  beginning of year $660,665 · end of year $1,654,075

• 25 · Other liabilities

  beginning of year $51,875 · end of year $57,944

• 27 · Net assets without donor restrictions

  beginning of year $82,449,254 · end of year $89,304,418

• 28 · Net assets with donor restrictions

  beginning of year $460,000 · end of year $457,975

The filer's explanations (Part III)

PART I, LINE 7:

ABIM HAS A BONUS POOL FOR TOP EXECUTIVES. THE BOARD EVALUATES THE PERFORMANCE OF EACH EXECUTIVE BASED ON PRE-ESTABLISHED OBJECTIVES FOR A GIVEN YEAR AND THEN DETERMINES WHETHER A BONUS IS APPROPRIATE.