Skip to content
Nonprofiteer
← ABFM FOUNDATION INC

Form 990 for tax year 2024

Filed by ABFM FOUNDATION INC.

Totals

Total revenue
$24,990,397
Total expenses
$9,527,924
Contributions and grants received
$13,198,926
Grants paid
$3,605,213
Program services expenses (Part IX)
$9,004,362
Management and general expenses
$523,562
Fundraising expenses
$0
Program service expenses (Part III)
$9,004,362

Program services were 94.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • WARREN NEWTON MD

    DIRECTOR/PRESIDENT/SECRETA

    Total calculated
    $999,441
    From this org
    $0
    From related orgs
    $949,266
    Other
    $50,175
    Hours/week
    2 + 85 related

    Schedule J breakdown matched by us

    Base
    $0 + $949,266 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,775 related
    Nontaxable benefits
    $0 + $17,400 related
    Filer's total
    $0 + $999,441 related

  • DIANE BEEBE MD

    DIRECTOR AND CHAIR

    Total calculated
    $6,500
    From this org
    $6,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • CARLOS JAEN MD

    DIRECTOR AND VICE CHAIR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • LAURA BROOKS MD

    DIRECTOR AND TREASURER

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • SAM JONES MD

    DIRECTOR

    Total calculated
    $5,500
    From this org
    $5,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • COLLEN CONRY MD

    DIRECTOR

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • CARLOS GONZALES

    DIRECTOR

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JERRY KRUSE

    DIRECTOR

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ROGER BEAN CPA

    EXECUTIVE DIRECTOR

    Total calculated
    $211,734
    From this org
    $0
    From related orgs
    $195,426
    Other
    $16,308
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $195,426 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $16,308 related
    Filer's total
    $0 + $211,734 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
DIRECTORS ARE ALLOWED TO TRAVEL TO THREE BOARD MEETINGS PER YEAR VIA FIRST-CLASS TRAVEL

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202503179349300030

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.