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← AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH & EDUCATION F

Form 990 for tax year 2025

Filed by AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH & EDUCATION F.

Totals

Total revenue
$6,664,147
Total expenses
$1,878,040
Contributions and grants received
$6,657,820
Grants paid
$526,007
Program service revenue
$0
Investment income
$6,327
Other revenue
$0
Total assets, end of year
$527,780
Total liabilities, end of year
$311,280
Net assets or fund balances, end of year
$216,500
Program services expenses (Part IX)
$1,002,587
Management and general expenses
$875,453
Fundraising expenses
$0
Program service expenses (Part III)
$1,002,587

Program services were 53.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1d · Related organizations

    $6,462,820

  • 1f · All other contributions, gifts and grants

    $195,000

  • 3 · Investment income

    total $6,327 · excluded $6,327

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $526,007 · program services $526,007

  • 5 · Compensation of officers, directors and key employees

    total $267,530 · program services $14,322 · management and general $253,208

  • 7 · Other salaries and wages

    total $462,972 · program services $83,041 · management and general $379,931

  • 8 · Pension plan contributions

    total $27,109 · program services $5,746 · management and general $21,363

  • 9 · Other employee benefits

    total $40,450 · program services $9,198 · management and general $31,252

  • 10 · Payroll taxes

    total $43,466 · program services $7,906 · management and general $35,560

  • 11a · Fees: management

    total $217,439 · program services $217,439

  • 11b · Fees: legal

    total $32,248 · program services $32,248

  • 11c · Fees: accounting

    total $12,349 · program services $8,745 · management and general $3,604

  • 11f · Fees: investment management

    total $886 · management and general $886

  • 11g · Fees: other

    total $750 · program services $750

  • 12 · Advertising and promotion

    total $4,614 · program services $770 · management and general $3,844

  • 13 · Office expenses

    total $11,952 · program services $10,539 · management and general $1,413

  • 14 · Information technology

    total $46,235 · program services $8,366 · management and general $37,869

  • 16 · Occupancy

    total $74,915 · management and general $74,915

  • 17 · Travel

    total $8,293 · program services $8,293

  • 19 · Conferences, conventions and meetings

    total $69,217 · program services $69,217

  • 22 · Depreciation, depletion and amortization

    total $10,407 · management and general $10,407

  • 23 · Insurance

    total $21,201 · management and general $21,201

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $241,213 · end of year $121,253

  • 4 · Accounts receivable

    beginning of year $0 · end of year $219,186

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,515 · end of year $841

  • 11 · Investments: publicly traded securities

    beginning of year $180,845 · end of year $186,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $555,185 · end of year $311,280

  • 25 · Other liabilities

    beginning of year $4,455,164 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$4,827,621 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $240,845 · end of year $216,500

Mission and programs · 2025

Mission

THROUGH ITS ACTIVITIES, ABMS REF SUPPORTS THE SCIENTIFIC, SCHOLARLY AND PUBLIC EDUCATION PURPOSES OF ABMS BY ENCOURAGING AND CONDUCTING RESEARCH TO (1) IMPROVE MEASUREMENT, ASSESSMENT, AND EVALUATION OF THE EDUCATIONAL, SCIENTIFIC, CLINICAL, AND (CONTINUED ON SCH O) PROFESSIONAL QUALIFICATIONS AND PERFORMANCE OF PHYSICIANS AND MEDICAL SPECIALISTS; (2) CONDUCT EDUCATIONAL PROGRAMS AND DISSEMINATE INFORMATION TO THE PUBLIC TO ASSIST IN THE RECOGNITION, EVALUATION, AND UNDERSTANDING OF THE SIGNIFICANCE AND IMPORTANCE OF BOARD CERTIFICATION OF PHYSICIAN AND MEDICAL SPECIALISTS; AND (3) FOSTER NATIONAL AND INTERNATIONAL COOPERATION AND THE EXCHANGE OF INFORMATION RELATED TO INITIAL CERTIFICATION, CONTINUING CERTIFICATION AND ONGOING PROFESSIONAL DEVELOPMENT.

Activities or mission (Part I)

ABMS RESEARCH AND EDUCATION FOUNDATION (ABMS REF) SUPPORTS THE SCIENTIFIC, (CONTINUED ON SCH O) SCHOLARLY AND PUBLIC EDUCATION PURPOSES OF THE AMERICAN BOARD OF MEDICAL SPECIALTIES (ABMS).

  • THE ABMS REF GRANT PROGRAM FUNDS INDEPENDENT AND INNOVATIVE RESEARCH THAT EXPLORES THE IMPACT OF BOARD CERTIFICATION, WORKING TO ENHANCE HEALTH CARE QUALITY AND PROFESSIONAL STANDARDS, AND GATHERING INSIGHTS AND INFORM IMPROVEMENTS IN THE STRUCTURE, PROCESSES, AND OUTCOMES OF MEDICAL SPECIALTY CERTIFICATION. A KEY OBJECTIVE OF THE GRANT PROGRAM IS TO FACILITATE A COMMUNITY OF RESEARCH FOCUSED ON BOARD CERTIFICATION. THE PROGRAM FOSTERS GRANTEE INTERACTIONS WITH EACH OTHER, AND THE ABMS MEMBER BOARDS. THE REF ALSO OVERSEES THE ABMS SCHOLARS PROGRAM, FOSTERING EARLY-CAREER PHYSICIANS AND RESEARCH PROFESSIONALS AND FACILITATING LEADERSHIP DEVELOPMENT THROUGH ENGAGEMENT WITH ABMS AND THE BROADER CERTIFICATION COMMUNITY.

    Expenses $529,512 · Grants $300,000

  • THE ABMS REF OVERSEES THE IMPLEMENTATION AND COORDINATION OF THE ABMS SCHOLARS PROGRAM (SP). THE SP IS ESTABLISHED TO SUPPORT RESEARCH PROJECTS OF EARLY-CAREER PHYSICIANS, MEDICAL AND SURGICAL SPECIALISTS, AND RESEARCH PROFESSIONALS, JUNIOR FACULTY, FELLOWS, AND RESIDENTS, AS WELL AS INDIVIDUALS HOLDING MASTER OR DOCTORATE DEGREES IN PUBLIC HEALTH, HEALTH SERVICES RESEARCH, EDUCATIONAL EVALUATION AND STATISTICS, PUBLIC HEALTH POLICY AND ADMINISTRATION, OR OTHER RELEVANT DISCIPLINES.SP PARTICIPANTS ARE EXPOSED TO THE FIELDS OF PHYSICIAN AND MEDICAL SPECIALISTS PROFESSIONAL ASSESSMENT AND CONTINUING PROFESSIONAL DEVELOPMENT, QUALITY IMPROVEMENT, HEALTH CARE (CONTINUED ON SCH O) POLICY AND REGULATION, AND HEALTH SERVICES RESEARCH. SP PARTICIPANTS CONDUCT RESEARCH IN COLLABORATION WITH MENTORS FROM THEIR INSTITUTIONS, ABMS, AND ABMS MEMBER BOARDS. THROUGH THEIR RESEARCH AND PROGRAM ENGAGEMENT, SCHOLARS INFORM THE STUDY OF CONTINUING PROFESSIONAL DEVELOPMENT, PHYSICIAN ASSESSMENT, SELF-REGULATION, AND QUALITY IMPROVEMENT.

    Expenses $302,206 · Grants $226,007

  • THE ABMS REF SYNERGIZES, GUIDES, CONVENES, FACILITATES, CONDUCTS, AND COLLABORATES IN RELATION TO ALL ASPECTS OF RESEARCH REGARDING ABMS INITIAL AND CONTINUING CERTIFICATION ACROSS THE 24 ABMS MEMBER BOARDS. THE ABMS REF ALSO PARTNERS WITH OTHER RESEARCHERS TO DEVELOP RESEARCH PROJECTS IN THE AREAS OF QUALITY AND PERFORMANCE IMPROVEMENT, PATIENT SAFETY, PHYSICIAN AND MEDICAL SPECIALISTS' LEARNING AND EDUCATION, RESEARCH AND EDUCATION FOUNDATIONS/ORGANIZATIONS AND OTHER DISCIPLINES. THE ABMS REF CONDUCTS PROGRAM EVALUATION AND RESEARCH ON THE ABMS LONGITUDINAL ASSESSMENT PROGRAMS' ABILITY TO SUCCESSFULLY ANALYZE PHYSICIAN KNOWLEDGE, JUDGEMENT, AND SKILLS.

    Expenses $149,823

  • THE ABMS REF DEVELOPS, DEPLOYS, MAINTAINS, AND IMPROVES AN ONLINE REPOSITORY OF PUBLISHED LITERATURE AND OTHER PRESENTATIONS ON INITIAL PHYSICIAN SPECIALTY CERTIFICATION, CONTINUING PHYSICIAN SPECIALTY CERTIFICATION, AS WELL AS COMPONENTS OF CONTINUOUS CERTIFICATION SUCH AS KNOWLEDGE ASSESSMENT, PHYSICIANS AND MEDICAL SPECIALISTS' LEARNING AND EDUCATION, AND QUALITY IMPROVEMENT. THIS CURATED REPOSITORY INFORMS RESEARCHERS, KEY STAKEHOLDERS AND ABMS MEMBER BOARDS REGARDING FINDINGS THAT CAN BE USED TO IMPROVE THE CERTIFICATION PROCESS.

    Expenses $21,046

  • TOTAL PROGRAM SERVICE EXPENSES: $1,002,588

As filed on the 2025 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
    $953,044
    From this org
    $43,098
    From related orgs
    $818,864
    Other
    $91,082
    Hours/week
    2.5 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $38,702 + $735,342 related
    Bonus
    $2,746 + $52,166 related
    Other
    $1,650 + $31,356 related
    Deferred
    $2,308 + $43,843 related
    Nontaxable benefits
    $2,247 + $42,684 related
    Filer's total
    $47,653 + $905,391 related
  • Rebecca L Johnson MD

    IMMEDIATE PAST CHAIR (AS OF 07/25)

    Total calculated
    $25,000
    From this org
    $2,500
    From related orgs
    $22,500
    Other
    $0
    Hours/week
    1 + 10 related
  • Larry A Green MD

    IMMEDIATE PAST CHAIR (THRU 06/25)

    Total calculated
    $12,500
    From this org
    $1,250
    From related orgs
    $11,250
    Other
    $0
    Hours/week
    1 + 10 related
  • Susan Ramin MD

    CHAIR-ELECT (AS OF 07/25)

    Total calculated
    $25,000
    From this org
    $2,500
    From related orgs
    $22,500
    Other
    $0
    Hours/week
    1 + 10 related
  • J Brantley Thrasher MD Facs

    CHAIR (AS OF 07/25)

    Total calculated
    $25,000
    From this org
    $2,500
    From related orgs
    $22,500
    Other
    $0
    Hours/week
    1 + 10 related
  • Warren P Newton MD MPH

    SECRETARY-TREASURER (AS OF 07/25)

    Total calculated
    $12,500
    From this org
    $1,250
    From related orgs
    $11,250
    Other
    $0
    Hours/week
    1 + 10 related
  • Keith Brandt MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Michael R Nelson MD PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Brian Nussenbaum MD Mhcm

    DIRECTOR (AS OF 07/25)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Donald J Palmisano Jr JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Gregory Ogrinc MD

    SVP, CERT STANDARD & PRGM

    Total calculated
    $596,993
    From this org
    $100,667
    From related orgs
    $402,664
    Other
    $93,662
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $74,142 + $296,566 related
    Bonus
    $7,976 + $31,904 related
    Other
    $18,549 + $74,194 related
    Deferred
    $9,230 + $36,920 related
    Nontaxable benefits
    $9,502 + $38,010 related
    Filer's total
    $119,399 + $477,594 related
  • Jennifer Michael

    CHIEF OPERATING OFFICER

    Total calculated
    $473,001
    From this org
    $11,456
    From related orgs
    $370,404
    Other
    $91,141
    Hours/week
    1.5 + 48.5 related

    Schedule J breakdown matched by us

    Base
    $10,446 + $337,763 related
    Bonus
    $1,010 + $32,641 related
    Other
    $0
    Deferred
    $1,398 + $45,217 related
    Nontaxable benefits
    $1,336 + $43,190 related
    Filer's total
    $14,190 + $458,811 related
  • Carrie Radabaugh

    SVP, GOVERNANCE AND BOARD RELATIONS

    Total calculated
    $423,035
    From this org
    $16,183
    From related orgs
    $316,974
    Other
    $89,878
    Hours/week
    2.5 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $14,587 + $286,652 related
    Bonus
    $1,569 + $29,802 related
    Other
    $27 + $520 related
    Deferred
    $2,247 + $42,698 related
    Nontaxable benefits
    $2,247 + $42,686 related
    Filer's total
    $20,677 + $402,358 related
  • Stephanie Donovan JD

    CHIEF LEGAL OFFICER

    Total calculated
    $422,502
    From this org
    $16,709
    From related orgs
    $317,462
    Other
    $88,331
    Hours/week
    2.5 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $15,345 + $291,546 related
    Bonus
    $1,364 + $25,916 related
    Other
    $0
    Deferred
    $2,275 + $43,219 related
    Nontaxable benefits
    $2,142 + $40,695 related
    Filer's total
    $21,126 + $401,376 related
  • Julie Hubbard

    CHIEF FINANCIAL OFFICER

    Total calculated
    $344,880
    From this org
    $29,003
    From related orgs
    $261,023
    Other
    $54,854
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $26,458 + $238,118 related
    Bonus
    $2,545 + $22,905 related
    Other
    $0
    Deferred
    $3,828 + $34,455 related
    Nontaxable benefits
    $1,657 + $14,914 related
    Filer's total
    $34,488 + $310,392 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, 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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
FIRST-CLASS OR CHARTER TRAVEL PER THE TERMS OF HIS EMPLOYMENT CONTRACT, THE ABMS PRESIDENT AND CHIEF EXECUTIVE OFFICER ARE 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.
PART I, LINE 3
METHODS USED TO ESTABLISH COMPENSATION OF CHIEF EXECUTIVE OFFICER/EXECUTIVE DIRECTOR TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER/EXECUTIVE DIRECTOR, THE RELATED ORGANIZATION UTILIZES THE FOLLOWING: EXECUTIVE COMMITTEE, COMPARABILITY DATA, AND APPROVAL BY THE ABMS BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE.
PART I, LINE 7
NON-FIXED PAYMENTS FOR THOSE INDIVIDUALS LISTED IN FORM 990, PART VII, SECTION A, LINE 1A, WHO ARE ELIGIBLE, BONUSES ARE PAID PURSUANT TO THEIR OFFER LETTERS. SUCH OFFER LETTERS GENERALLY STIPULATE THAT ELIGIBILITY FOR A DISCRETIONARY ANNUAL BONUS IS BASED UPON ORGANIZATIONAL PERFORMANCE, MEETING BONUS ELIGIBILITY REQUIREMENTS AND THE DISCRETION OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER.

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
2025
Filed
8 September 2026
IRS schema version
2025v4.2
Source object
202622519349302022

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

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