Form 990 for tax year 2023
Filed by AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH & EDUCATION F.
Totals
- Total revenue
- $484,417
- Total expenses
- $1,096,260
- Contributions and grants received
- $480,000
- Grants paid
- $195,000
- Program service revenue
- $0
- Investment income
- $4,417
- Other revenue
- $0
- Total assets, end of year
- $508,457
- Total liabilities, end of year
- $3,265,111
- Net assets or fund balances, end of year
- -$2,756,654
- Program services expenses (Part IX)
- $478,171
- Management and general expenses
- $618,089
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $478,171
Program services were 43.6% 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.
-
1f · All other contributions, gifts and grants
$480,000
-
3 · Investment income
total $4,417 · excluded $4,417
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $195,000 · program services $195,000
-
5 · Compensation of officers, directors and key employees
total $127,072 · management and general $127,072
-
7 · Other salaries and wages
total $405,788 · program services $88,077 · management and general $317,711
-
8 · Pension plan contributions
total $24,178 · program services $5,705 · management and general $18,473
-
9 · Other employee benefits
total $42,410 · program services $26,583 · management and general $15,827
-
10 · Payroll taxes
total $31,507 · program services $6,952 · management and general $24,555
-
11a · Fees: management
total $134,954 · program services $134,954
-
11c · Fees: accounting
total $4,870 · management and general $4,870
-
11f · Fees: investment management
total $796 · management and general $796
-
11g · Fees: other
total $4,165 · program services $1,183 · management and general $2,982
-
12 · Advertising and promotion
total $5,024 · program services $5,024
-
13 · Office expenses
total $1,344 · management and general $1,344
-
14 · Information technology
total $29,777 · program services $6,625 · management and general $23,152
-
16 · Occupancy
total $57,131 · management and general $57,131
-
17 · Travel
total $4,393 · program services $4,393
-
19 · Conferences, conventions and meetings
total $3,675 · program services $3,675
-
22 · Depreciation, depletion and amortization
total $8,465 · management and general $8,465
-
23 · Insurance
total $15,711 · management and general $15,711
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $60,033 · end of year $324,975
-
4 · Accounts receivable
beginning of year $0 · end of year $15,000
-
9 · Prepaid expenses and deferred charges
beginning of year $30,000 · end of year $1,000
-
11 · Investments: publicly traded securities
beginning of year $148,562 · end of year $167,482
-
17 · Accounts payable and accrued expenses
beginning of year $26,556 · end of year $57,571
-
25 · Other liabilities
beginning of year $2,371,356 · end of year $3,207,540
-
27 · Net assets without donor restrictions
beginning of year -$2,332,879 · end of year -$3,264,137
-
28 · Net assets with donor restrictions
beginning of year $173,562 · end of year $507,483
Mission and programs · 2023
Mission
THROUGH ITS ACTIVITIES, ABMS REF SUPPORTS THE SCIENTIFIC, SCHOLARLY AND PUBLIC EDUCATION PURPOSES OF ABMS BY ENCOURAGING AND CONDUCTING RESEARCH TO (I) IMPROVE MEASUREMENT, ASSESSMENT, AND EVALUATION OF THE EDUCATIONAL, SCIENTIFIC, CLINICAL, AND (CONTINUED IN SCH O) PROFESSIONAL QUALIFICATIONS AND PERFORMANCE OF PHYSICIANS WHO PRACTICE IN MEDICAL SPECIALTIES; (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 SPECIALISTS; AND (3) FOSTER NATIONAL AND INTERNATIONAL COOPERATION AND THE EXCHANGE OF INFORMATION RELATED TO INITIAL CERTIFICATION AND CONTINUING CERTIFICATION AND ONGOING PROFESSIONAL DEVELOPMENT.
Activities or mission (Part I)
ABMS RESEARCH AND EDUCATION FOUNDATION (ABMS REF) SUPPORTS THE SCIENTIFIC, (CONTINUED IN SCH O) SCHOLARLY AND PUBLIC EDUCATION PURPOSES OF THE AMERICAN BOARD OF MEDICAL SPECIALTIES (ABMS).
-
ABMS REF OVERSEES THE IMPLEMENTATION AND COORDINATION OF THE ABMS VISITING SCHOLARS PROGRAM (VSP). VSP IS FOR 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.VSP SCHOLARS ARE EXPOSED TO THE FIELDS OF PHYSICIAN PROFESSIONAL ASSESSMENT AND CONTINUING PROFESSIONAL DEVELOPMENT, QUALITY IMPROVEMENT, HEALTH CARE POLICY AND REGULATION, AND HEALTH SERVICES RESEARCH. VSP SCHOLARS CONDUCT RESEARCH IN (CONTINUED IN SCH O) COLLABORATION WTH MENTORS FROM THEIR INSITITUTIONS, ABMS, AND ABMS MEMBER BOARDS. THROUGH THEIR RESEARCH AND PROGRAM ENGAGEMENT, VSP SCHOLARS INFORM THE STUDY OF CONTINUING PROFESSIONAL DEVELOPMENT, PHYSICIAN ASSESSMENT, SELF-REGULATION, AND QUALITY IMPROVEMENT.
Expenses $230,102 · Grants $195,000
-
ABMS REF SYNERGIZES, GUIDES, CONVENES, FACILITATES CONDUCTS, AND COLLABORATES IN RELATION TO ALL ASPECTS OF RESEARCH REGARDING ABMS INITIAL AND CONTINUING CERTIFICATION ACROSS 24 MEMBER BOARDS. ABMS REF ALSO PARTNERS WITH OTHER RESEARCHERS TO DEVELOP RESEARCH IN THE AREAS OF QUALITY AND PERFORMANCE IMPROVEMENT, PATIENT SAFETY, ADULT LEARNING AND EDUCATION, RESEARCH AND EDUCATION FOUNDATION AND OTHER DISCIPLINES. THE ABMS REF CONDUCTS PROGRAM EVALUATION AND RESEARCH ON THE ABMS LONGITUDINAL ASSESSMENT PROGRAMS TO ANALYZE PHYSICIAN KNOWLEDGE, JUDGEMENT, AND SKILLS.
Expenses $227,360
-
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, OR COMPONENTS OF CONTINUOUS CERTIFICATION SUCH AS KNOWLEDGE ASSESSMENT, ADULT 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 $20,709
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Richard E Hawkins MDRICHARD E HAWKINS MD
PRESIDENT & CEO
- Total calculated
- $916,268
- From this org
- $33,403
- From related orgs
- $801,672
- Other
- $81,193
- Hours/week
- 2 + 48 related
Schedule J breakdown matched by us
- Base
- $29,088 + $698,120 related
- Bonus
- $2,226 + $53,421 related
- Other
- $2,089 + $50,131 related
- Deferred
- $1,650 + $39,600 related
- Nontaxable benefits
- $1,598 + $38,345 related
- Filer's total
- $36,651 + $879,617 related
-
Larry A Green MDLARRY A GREEN MD
IMMEDIATE PAST CHAIR
- Total calculated
- $25,000
- From this org
- $2,500
- From related orgs
- $22,500
- Other
- $0
- Hours/week
- 1 + 10 related
-
Susan Ramin MDSUSAN RAMIN MD
SECRETARY-TREASURER
- Total calculated
- $25,000
- From this org
- $2,500
- From related orgs
- $22,500
- Other
- $0
- Hours/week
- 1 + 3 related
-
Rebecca L Johnson MDREBECCA L JOHNSON MD
CHAIR (AS OF 6/23)
- Total calculated
- $25,000
- From this org
- $2,500
- From related orgs
- $22,500
- Other
- $0
- Hours/week
- 1 + 10 related
-
Keith Brandt MDKEITH BRANDT MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael L Carius MDMICHAEL L CARIUS MD
CHAIR (THRU 2/23)
- Total calculated
- $12,500
- From this org
- $1,250
- From related orgs
- $11,250
- Other
- $0
- Hours/week
- 1 + 10 related
-
Tara Montgomery MsTARA MONTGOMERY MS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael R Nelson MD PhDMICHAEL R NELSON MD PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
J Brantley Thrasher MD FacsJ BRANTLEY THRASHER MD FACS
CHAIR-ELECT (AS OF 10/23)
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Julie HubbardJULIE HUBBARD
CFO
- Total calculated
- $281,721
- From this org
- $4,969
- From related orgs
- $243,486
- Other
- $33,266
- Hours/week
- 1 + 49 related
Schedule J breakdown matched by us
- Base
- $4,796 + $234,989 related
- Bonus
- $173 + $8,497 related
- Other
- $0
- Deferred
- $372 + $18,205 related
- Nontaxable benefits
- $294 + $14,395 related
- Filer's total
- $5,635 + $276,086 related
-
Gregory Ogrinc MDGREGORY OGRINC MD
SVP, CERT STANDARD & PRGM
- Total calculated
- $568,288
- From this org
- $47,068
- From related orgs
- $423,617
- Other
- $97,603
- Hours/week
- 5 + 45 related
Schedule J breakdown matched by us
- Base
- $34,504 + $310,539 related
- Bonus
- $3,700 + $33,300 related
- Other
- $8,864 + $79,778 related
- Deferred
- $4,005 + $36,047 related
- Nontaxable benefits
- $5,755 + $51,796 related
- Filer's total
- $56,828 + $511,460 related
-
Carrie RadabaughCARRIE RADABAUGH
SVP, GOVERNANCE AND BOARD RELATIONS
- Total calculated
- $329,982
- From this org
- $10,234
- From related orgs
- $245,619
- Other
- $74,129
- Hours/week
- 2 + 48 related
Schedule J breakdown matched by us
- Base
- $9,295 + $223,073 related
- Bonus
- $924 + $22,176 related
- Other
- $15 + $370 related
- Deferred
- $1,380 + $33,109 related
- Nontaxable benefits
- $1,586 + $38,054 related
- Filer's total
- $13,200 + $316,782 related
-
Stephanie DonovanSTEPHANIE DONOVAN
CHIEF LEGAL OFFICER (AS OF 3/23)
- Total calculated
- $300,427
- From this org
- $4,755
- From related orgs
- $232,968
- Other
- $62,704
- Hours/week
- 1 + 49 related
Schedule J breakdown matched by us
- Base
- $4,581 + $224,462 related
- Bonus
- $174 + $8,506 related
- Other
- $0
- Deferred
- $415 + $20,327 related
- Nontaxable benefits
- $839 + $41,123 related
- Filer's total
- $6,009 + $294,418 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 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.
- PART I, LINE 3
- METHODS USED TO ESTABLISH COMPENSATION OF CEO/EXECUTIVE DIRECTOR TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR, THE RELATED ORGANIZATION UTILIZES THE FOLLOWING: EXECUTIVE COMMITTEE, COMPARABILITY DATA, AND APPROVAL BY THE ABMS BOARD 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 GENERALY 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
-
VISITING SCHOLAR PROGRAM
-
$30,000
VISITING SCHOLAR PROGRAM
-
VISITING SCHOLAR PROGRAM
-
VISITING SCHOLAR PROGRAM
-
$15,000
VISITING SCHOLAR PROGRAM
-
$15,000
VISITING SCHOLAR PROGRAM
-
$15,000
VISITING SCHOLAR PROGRAM
-
VISITING SCHOLAR PROGRAM
-
VISITING SCHOLAR PROGRAM
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.
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AMERICAN BOARD OF MEDICAL SPECIALTIES
501(C)(6) · CERTIFICATION · IL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412619349301561
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