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Nonprofiteer
← AMERICAN BOARD OF MEDICAL SPECIALTIES

Form 990 for tax year 2022

Filed by AMERICAN BOARD OF MEDICAL SPECIALTIES.

Totals

Total revenue
$21,397,111
Total expenses
$17,622,393
Contributions and grants received
$2,700
Grants paid
$0
Program service revenue
$20,690,018
Investment income
$529,747
Other revenue
$174,646
Total assets, end of year
$34,498,682
Total liabilities, end of year
$10,364,121
Net assets or fund balances, end of year
$24,134,561
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,700

  • 1g · Noncash contributions included above

    $2,700

  • 2a · Program service revenue: SUBSCRIPTIONS AND DATA SERVICES

    total $8,061,614 · related or exempt $8,061,614 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $7,457,200 · related or exempt $7,457,200 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: PROGRAM AND SPONSORSHIP FEES

    total $2,193,532 · related or exempt $2,193,532 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: INTERNATIONAL PROGRAMS

    total $1,770,251 · related or exempt $1,770,251 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: LICENSE FEES

    total $1,207,421 · related or exempt $1,207,421 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $529,747 · excluded $529,747

  • 11a · Other revenue: ANTITRUST CLAIMS REFUND

    total $151,241 · excluded $151,241

  • 11b · Other revenue: PAYROLL SERVICES

    total $23,405 · excluded $23,405

  • 11e · Other revenue, total

    $174,646

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,898,657

  • 7 · Other salaries and wages

    total $7,034,451

  • 8 · Pension plan contributions

    total $441,397

  • 9 · Other employee benefits

    total $894,897

  • 10 · Payroll taxes

    total $594,058

  • 11a · Fees: management

    total $131,192

  • 11b · Fees: legal

    total $69,597

  • 11c · Fees: accounting

    total $109,709

  • 11d · Fees: lobbying

    total $117,081

  • 11f · Fees: investment management

    total $103,391

  • 11g · Fees: other

    total $580,567

  • 12 · Advertising and promotion

    total $260,159

  • 13 · Office expenses

    total $145,661

  • 14 · Information technology

    total $1,081,461

  • 16 · Occupancy

    total $1,132,543

  • 17 · Travel

    total $380,897

  • 19 · Conferences, conventions and meetings

    total $1,227,235

  • 22 · Depreciation, depletion and amortization

    total $143,412

  • 23 · Insurance

    total $254,651

  • 24a · Other expenses: RECRUITMENT

    total $21,377

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,855,462 · end of year $7,265,337

  • 4 · Accounts receivable

    beginning of year $326,391 · end of year $406,580

  • 9 · Prepaid expenses and deferred charges

    beginning of year $639,427 · end of year $779,466

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

    $4,048,848

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

    $3,760,188

  • 10c · Land, buildings and equipment, net

    beginning of year $377,495 · end of year $288,660

  • 11 · Investments: publicly traded securities

    beginning of year $21,520,142 · end of year $20,422,187

  • 14 · Intangible assets

    beginning of year $796,836 · end of year $796,836

  • 15 · Other assets

    beginning of year $2,908,560 · end of year $4,539,616

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,730,733 · end of year $2,149,680

  • 19 · Deferred revenue

    beginning of year $5,973,974 · end of year $6,143,728

  • 25 · Other liabilities

    beginning of year $609,205 · end of year $2,070,713

  • 27 · Net assets without donor restrictions

    beginning of year $24,110,401 · end of year $24,134,561

Mission and programs · 2022

Mission

IN COLLABORATION WITH ITS MEMBER BOARDS, ABMS CREATES STANDARDS FOR BOARD CERTIFICATION FOR PHYSICIANS AND MEDICAL SPECIALISTS. SPECIFICALLY, FOR INITIAL CERTIFICATION, ABMS AND THE MEMBER BOARDS ESTABLISH RIGOROUS STANDARDS OF KNOWLEDGE, SKILLS (CONTINUED IN SCH O)

Activities or mission (Part I)

THE MISSION OF THE AMERICAN BOARD OF MEDICAL SPECIALTIES (ABMS) IS TO SERVE (CONTINUED IN SCH O) THE PUBLIC AND THE MEDICAL PROFESSION BY IMPROVING THE QUALITY OF HEALTH CARE THROUGH SETTING PROFESSIONAL STANDARDS FOR LIFELONG CERTIFICATION IN PARTNERSHIP WITH ITS MEMBER BOARDS.

  • IN PARTNERSHIP WITH ITS MEMBER BOARDS, ABMS IS A LEADER IN ESTABLISHING RIGOROUS STANDARDS FOR BOARD CERTIFICATION ACROSS 40 MEDICAL SPECIALTIES AND 89 MEDICAL SUBSPECIALTIES. WHILE MEMBER BOARDS TAILOR THESE STANDARDS TO THEIR SPECIFIC SPECIALTIES AND SUBSPECIALTIES, ABMS SUPPORTS THE MEMBER BOARDS IN THE OVERALL IMPLEMENTATION OF THE STANDARDS BY PROVIDING LEARNING OPPORTUNITIES AND RESOURCES REGARDING EVALUATION, ASSESSMENT AND POLICY DEVELOPMENT RELATIVE TO CERTIFICATION. THESE SUPPORTS ARE CRITICAL TO THE ABMS COMMUNITY. AT PRESENT, IN THE UNITED STATES, ABMS MEMBER BOARDS HAVE CERTIFIED MORE THAN 975,000 PHYSICIANS AND MEDICAL SPECIALISTS.

  • ABMS PROVIDES A RANGE OF PROGRAMS AND SERVICES DEDICATED TO SUPPORTING THE PROFESSIONAL DEVELOPMENT OF PHYSICIANS AND MEDICAL SPECIALISTS FROM INITIAL CERTIFICATION AND THROUGHOUT THEIR CAREERS, WITH AN ULTIMATE GOAL OF IMPROVING THE CARE AND TREATMENT OF THE PATIENTS AND COMMUNITIES COLLECTIVELY SERVED. THE ABMS PORTFOLIO PROGRAM SUPPORTS AND ENCOURAGES PHYSICIANS, MEDICAL SPECIALISTS AND PHYSICIAN ASSISTANTS IN MEETING QUALITY/PRACTICE IMPROVEMENT REQUIREMENTS BY AFFORDING THEM A MEANS OF OBTAINING CREDIT FOR CONTINIUING CERTIFICATION THROUGH THEIR PARTICIPATION IN APPROVED ACTIVITIES. IN ADDITION, ABMS PROGRAMS AND SERVICES SUPPORT CONTINUED LEARNING BY ASSISTING IN IDENTIFYING PRACTICE-RELEVANT CONTINUING MEDICAL EDUCATION PROGRAMMING, USING ITS CERTLINK PLATFORM TO OFFER LONGITUDINAL (CONTINUED IN SCHEDULE O) ASSESSMENTS THAT MEASURE SKILLS AND KNOWLEDGE AS WELL AS IDENTIFYING AREAS AND OPPORTUNTIES FOR CONTINUED LEARNING. ABMS PROGRAMS AND SERVICES ALSO SUPPORTS MEMBER BOARDS IN DEVELOPING THEIR CERTIFICATION AND CONTINUING CERTIFICATION CRITERIA AND PROGRAMMING. AS THE PREMIER CONFERENCE ON THE CERTIFICATION OF HEALTH CARE PROFESSIONALS, THE ABMS CONFERENCE CONVENES LEADERS AND STAKEHOLDERS FROM ACROSS THE ABMS AND GREATER HEALTH CARE COMMUNITIES, OFFERING PROGRAMMING AND OPPORTUNITIES TO EXCHANGE AND SHARE BEST PRACTICES AND EMERGING RESEARCH ON ASSESSMENT, IMPROVEMENT AND PROFESSIONALISM.

  • IN ADDITION TO ITS DOMESTIC CERTIFICATION PROGRAMMING, ABMS PROVIDES INTERNATIONAL SERVICES, CONTRACTING WITH THE SINGAPORE MINISTRY OF HEALTH TO DEVELOP AND MAINTAIN A PROGRAM OF PHYSICIAN ASSESSMENT AND CERTIFICATION FOR SINGAPORE'S PHYSICIANS AND MEDICAL SPECIALISTS. ABMS ALSO CONSULTS WITH OTHER COUNTRIES AND COMMUNITIES ACROSS THE WORLD TO EXPLORE AND/OR HELP ESTABLISH PHYSICIAN CERTIFICATION PROGRAMS.

  • IN TERMS OF ADVOCACY, ABMS COMMUNICATES INFORMATION ABOUT AND EMPHASIZES THE IMPORTANCE OF BOARD CERTIFICATION TO DIPLOMATES, MEDICAL PROFESSIONALS, HEALTH CARE ORGANIZATIONS, INSURERS, LEGISLATORS AND THE GENERAL PUBLIC. THESE COMMUNICATIONS PROVIDE THESE STAKEHOLDERS AND ADVOCATES WITH FACTUAL INFORMATION ABOUT THE IMPORTANCE OF BOARD CERTIFICATION AND THE MARKER OF TRUST SIGNIFIED BY THE CREDENTIAL. CERTIFICATIONMATTERS.ORG, WHICH IS A PUBLIC ACCESS ABMS WEBSITE, ALSO PROVIDES INFORMATION ABOUT BOARD CERTIFICATION. ANY INDIVIDUAL MAYACCESS THIS SITE TO DETERMINE IF A PHYSICIAN OR MEDICAL SPECIALIST IS BOARD CERTIFIED BY AN ABMS MEMBER BOARD.IN TERMS OF RESEARCH AND PROFESSIONAL DEVELOPMENT, ABMS AND ITS MEMBER BOARDS ACTIVELY STUDY AND SUPPORT RESEARCH INTO THE IMPACT THAT CERTIFICATION PROGRAMS HAVE ON BOTH THE PROFESSION OF MEDICINE AS WELL AS IMPROVING PATIENT SAFETY AND HEALTH CARE. ABMS IS ALSO COMMITTED TOPHYSICIAN PROFESSIONAL DEVELOPMENT AS PART OF ITS MEMBER BOARDS' CONTINUING CERTIFICATION PROGRAMS, INCLUDING CONTINUING MEDICAL EDUCATION AND QUALITY AND PRACTICE IMPROVEMENT ACTIVITIES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard E Hawkins MD

    PRESIDENT & CEO

    Total calculated
    $873,102
    From this org
    $779,111
    From related orgs
    $15,900
    Other
    $78,091
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $691,647 + $14,115 related
    Bonus
    $61,290 + $1,251 related
    Other
    $26,174 + $534 related
    Deferred
    $38,174 + $779 related
    Nontaxable benefits
    $38,355 + $783 related
    Filer's total
    $855,640 + $17,462 related

  • Gregory Ogrinc MD

    SVP, CERT STANDARD & PRGM

    Total calculated
    $565,513
    From this org
    $461,271
    From related orgs
    $9,414
    Other
    $94,828
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $338,142 + $6,901 related
    Bonus
    $36,260 + $740 related
    Other
    $86,869 + $1,773 related
    Deferred
    $37,732 + $770 related
    Nontaxable benefits
    $55,199 + $1,127 related
    Filer's total
    $554,202 + $11,311 related

  • Jennifer Michael

    CHIEF OPERATING OFFICER

    Total calculated
    $431,512
    From this org
    $345,602
    From related orgs
    $7,053
    Other
    $78,857
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $316,202 + $6,453 related
    Bonus
    $29,400 + $600 related
    Other
    $0
    Deferred
    $37,732 + $770 related
    Nontaxable benefits
    $39,548 + $807 related
    Filer's total
    $422,882 + $8,630 related

  • Thomas Granatir

    SVP POLICY & EXT. RELATIONS

    Total calculated
    $373,347
    From this org
    $287,822
    From related orgs
    $0
    Other
    $85,525
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $262,127
    Bonus
    $25,000
    Other
    $695
    Deferred
    $38,502
    Nontaxable benefits
    $47,023
    Filer's total
    $373,347

  • David Coursey

    DIRECTOR OF SALES

    Total calculated
    $331,173
    From this org
    $296,325
    From related orgs
    $0
    Other
    $34,848
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $290,574
    Bonus
    $4,390
    Other
    $1,361
    Deferred
    $21,314
    Nontaxable benefits
    $13,534
    Filer's total
    $331,173

  • Carrie Radabaugh

    SVP, GOVERNANCE AND BOARD RELATIONS

    Total calculated
    $326,126
    From this org
    $255,853
    From related orgs
    $0
    Other
    $70,273
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $232,368
    Bonus
    $23,100
    Other
    $385
    Deferred
    $31,135
    Nontaxable benefits
    $39,138
    Filer's total
    $326,126

  • Richard Waters

    CHIEF MARKETING OFFICER

    Total calculated
    $322,024
    From this org
    $268,841
    From related orgs
    $0
    Other
    $53,183
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $260,591
    Bonus
    $8,250
    Other
    $0
    Deferred
    $20,483
    Nontaxable benefits
    $32,700
    Filer's total
    $322,024

  • Stephanie Donovan

    GENERAL COUNSEL

    Total calculated
    $298,434
    From this org
    $232,968
    From related orgs
    $4,755
    Other
    $60,711
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $224,462 + $4,581 related
    Bonus
    $8,506 + $174 related
    Other
    $0
    Deferred
    $18,349 + $374 related
    Nontaxable benefits
    $41,148 + $840 related
    Filer's total
    $292,465 + $5,969 related

  • Julie Hubbard

    CFO

    Total calculated
    $281,176
    From this org
    $243,486
    From related orgs
    $4,969
    Other
    $32,721
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $234,989 + $4,796 related
    Bonus
    $8,497 + $173 related
    Other
    $0
    Deferred
    $18,215 + $372 related
    Nontaxable benefits
    $13,851 + $283 related
    Filer's total
    $275,552 + $5,624 related

  • Krista Allbee

    VP ASSESSMENT PROGRAMS

    Total calculated
    $275,697
    From this org
    $254,312
    From related orgs
    $0
    Other
    $21,385
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $243,068
    Bonus
    $8,770
    Other
    $2,474
    Deferred
    $19,197
    Nontaxable benefits
    $2,188
    Filer's total
    $275,697

  • Kathleen Holtzman

    AVP ASSESS PROGRAMS

    Total calculated
    $262,760
    From this org
    $206,229
    From related orgs
    $0
    Other
    $56,531
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $197,908
    Bonus
    $6,480
    Other
    $1,841
    Deferred
    $16,459
    Nontaxable benefits
    $40,072
    Filer's total
    $262,760

  • Michael L Carius MD

    CHAIR

    Total calculated
    $25,000
    From this org
    $22,727
    From related orgs
    $2,273
    Other
    $0
    Hours/week
    10 + 1 related

  • Rebecca L Johnson MD

    CHAIR-ELECT (AS OF 6/22)

    Total calculated
    $25,000
    From this org
    $22,727
    From related orgs
    $2,273
    Other
    $0
    Hours/week
    10 + 1 related

  • Larry A Green MD

    IMMEDIATE PAST CHAIR

    Total calculated
    $25,000
    From this org
    $22,727
    From related orgs
    $2,273
    Other
    $0
    Hours/week
    10 + 1 related

  • Susan Ramin MD

    SECRETARY-TREASURER (AS OF 6/22)

    Total calculated
    $25,000
    From this org
    $22,727
    From related orgs
    $2,273
    Other
    $0
    Hours/week
    10 + 1 related

  • Richard J Baron MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George B Bartley MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Priya J Bathija JD

    DIRECTOR (AS OF 6/22)

    Total calculated
    $0
    Hours/week
    1

  • Miriam G Blitzer PhD Facmg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith E Brandt MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Deborah Briceland-Betts JD

    DIRECTOR (THRU 6/22)

    Total calculated
    $0
    Hours/week
    1

  • Jo Buyske MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel J Cole MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larry R Faulkner MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas W Hess JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John L Kendall MD Facep

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carolyn L Kinney MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eve M Kurtin Pharmd

    DIRECTOR (THRU 6/22)

    Total calculated
    $0
    Hours/week
    1

  • David F Martin MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walter H Merrill MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tara Montgomery Ms

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael R Nelson MD PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Warren P Newton MD MPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Nussenbaum MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher J Ondrula JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katie O Orrico JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald J Palmisano Jr JD Cae

    DIRECTOR (AS OF 6/22)

    Total calculated
    $0
    Hours/week
    1

  • Gary W Procop MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas E Read MD

    DIRECTOR (AS OF 6/22)

    Total calculated
    $0
    Hours/week
    1

  • Randall K Roenigk MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judy Schaechter MD MBA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George M Segall Mad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Brantley Thrasher MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Barbara Wachsman MPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brent J Wagner MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George D Wendel Jr MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John A Wilson MD Faans Facs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce G Wolff MD

    DIRECTOR (THRU 6/22)

    Total calculated
    $0
    Hours/week
    1

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, and on a Form 990-PF Part VIII's — 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 · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
FIRST-CLASS OR CHARTER TRAVEL PER THE TERMS OF HIS EMPLOYMENT CONTRACT, THE PRESIDENT AND CHIEF EXECUTIVE OFFICER IS PERMITTED TO FLY FIRST CLASS FOR ORGANIZATION-RELATED BUSINESS ON FLIGHTS THAT ARE THREE HOURS IN DURATION OR LONGER. THIS BENEFIT IS NOT TAXABLE AS COMPENSATION. DISCRETIONARY SPENDING PER THE TERMS OF HIS OFFER LETTER, ONE KEY EMPLOYEE RECEIVES A TRAVEL ALLOWANCE. THE TRAVEL ALLOWANCE IS TAXABLE AS COMPENSATION.

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

No itemized grants to organizations on this return.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ABMS INTERNATIONAL LLC

    CERTIFICATION · IL · income $1,770,251 · assets $8,147,640

    Directly controlled by ABMS

  • ABMS SINGAPORE LLC

    CERTIFICATION · IL

    Directly controlled by ABMS INTL

  • ABMS SOLUTIONS LLC

    DATA SERVICES · IL · income $8,061,614 · assets $28,198,515

    Directly controlled by ABMS

Provenance

Return type
form_990
Tax year
2022
Filed
6 October 2023
IRS schema version
2022v5.0
Source object
202342829349300224

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