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← AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH & EDUCATION F

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 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 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 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 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 MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Michael 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 Ms

    DIRECTOR

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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • J Brantley Thrasher MD Facs

    CHAIR-ELECT (AS OF 10/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Julie 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 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 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 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

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
2023
Filed
13 September 2024
IRS schema version
2023v5.1
Source object
202412619349301561

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