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Nonprofiteer
← AABB FOUNDATION INC

Form 990 for tax year 2024

Filed by AABB FOUNDATION INC.

Totals

Total revenue
$1,447,507
Total expenses
$1,473,644
Contributions and grants received
$454,618
Grants paid
$620,500
Program service revenue
$32,000
Investment income
$960,889
Other revenue
$0
Total assets, end of year
$19,932,151
Total liabilities, end of year
$95,785
Net assets or fund balances, end of year
$19,836,366
Program services expenses (Part IX)
$826,748
Management and general expenses
$487,026
Fundraising expenses
$159,870
Program service expenses (Part III)
$826,748

Program services were 56.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Richard Schafer

    President

    Total calculated
    $0
    Hours/week
    2 + 4 related
  • John Hagins

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Delisa English

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Jose A Cancelas

    President (To 10/24)/Director

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Aaron A R Tobian

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Meghan Delaney

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Brian Gannon

    Director (To 10/24)

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Nancy Dunbar

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Sally A Campbell-Lee

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Debra BenAvram

    Chief Executive Officer

    Total calculated
    $881,674
    From this org
    $0
    From related orgs
    $748,835
    Other
    $132,839
    Hours/week
    2 + 35.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $623,971 related
    Bonus
    $0 + $90,090 related
    Other
    $0 + $34,774 related
    Deferred
    $0 + $91,089 related
    Nontaxable benefits
    $0 + $41,750 related
    Filer's total
    $0 + $881,674 related
  • Julia Zimmerman

    ED.,Foundation and Chief Comm./Engmt. Officer

    Total calculated
    $425,941
    From this org
    $104,111
    From related orgs
    $272,924
    Other
    $48,906
    Hours/week
    11.25 + 26.25 related

    Schedule J breakdown matched by us

    Base
    $103,913 + $242,462 related
    Bonus
    $0 + $30,000 related
    Other
    $198 + $462 related
    Deferred
    $3,105 + $7,245 related
    Nontaxable benefits
    $11,567 + $26,989 related
    Filer's total
    $118,783 + $307,158 related
  • Michael Grogan

    Chief Operating Officer (To 07/24)

    Total calculated
    $444,433
    From this org
    $0
    From related orgs
    $414,815
    Other
    $29,618
    Hours/week
    2 + 35.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,628 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $155,187 related
    Deferred
    $0 + $7,569 related
    Nontaxable benefits
    $0 + $22,049 related
    Filer's total
    $0 + $444,433 related
  • Kunal Chavan

    CFO/CIO

    Total calculated
    $13,774
    From this org
    $0
    From related orgs
    $10,928
    Other
    $2,846
    Hours/week
    2 + 35.5 related
  • Jason Sapia

    Foundation Director

    Total calculated
    $153,747
    From this org
    $149,828
    From related orgs
    $0
    Other
    $3,919
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $149,389
    Bonus
    $0
    Other
    $439
    Deferred
    $1,059
    Nontaxable benefits
    $2,860
    Filer's total
    $153,747

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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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)

Schedule J, Part I, Line 4a
Michael Grogan received a severance payment of $133,620 from American Association of Blood Banks, a related organization, during FY 2024 which was properly reported on his 2024 W2, 1099, and F990. The terms and conditions of the arrangement is confidential and is available to the IRS upon request.
Schedule J, Part I, Line 4b
Debra BenAvram participated in a section 457(f) plan with American Association of Blood Banks, a related organization, in 2024. During the tax year, the organization made a contribution of $59,581 to the plan. This amount is included in deferred compensation in part VII, column F and schedule J, column C.

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

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
13 November 2025
IRS schema version
2024v5.2
Source object
202533189349309558

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