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Nonprofiteer
← AABB FOUNDATION INC

Form 990 for tax year 2022

Filed by AABB FOUNDATION INC.

What the amendment changed

Compared with the return it replaced , filed 15 November 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$16,266,402 changed to $15,737,223
Total expenses
$0 changed to $45,716
Contributions and grants received
$16,266,402 changed to $15,636,508
Grants paid
$0 changed to $19,160
Investment income
$0 changed to $100,715
Total assets, end of year
$17,211,452 changed to $16,572,479
Total liabilities, end of year
$500 changed to $14,428
Net assets or fund balances, end of year
$17,210,952 changed to $16,558,051
Program services expenses
$0 changed to $19,160
Management and general expenses
$0 changed to $26,556
Program service expenses (Part III)
not reported changed to $19,160

Listed only on the earlier return

  • Aaron Tobian
  • Bradley Kendrex
  • Col G Michael Fitzpatrick
  • Jose A Cancelas Perez
  • Karina Yazdanbakhsh
  • Keenyn McFarlane
  • Mary Veazie
  • Michelle Weathersby

Listed only on the later return

  • Dana Devine
  • James D Gorham

Listed under a different title

  • Chris Hrouda: CHAIR then DIRECTOR
  • Debra Benavram: CEO then CEO, AABB

Totals

Total revenue
$15,737,223
Total expenses
$45,716
Contributions and grants received
$15,636,508
Grants paid
$19,160
Program service revenue
$0
Investment income
$100,715
Other revenue
$0
Total assets, end of year
$16,572,479
Total liabilities, end of year
$14,428
Net assets or fund balances, end of year
$16,558,051
Program services expenses (Part IX)
$19,160
Management and general expenses
$26,556
Fundraising expenses
$0
Program service expenses (Part III)
$19,160

Program services were 41.9% 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

    $15,626,088

  • 1f · All other contributions, gifts and grants

    $10,420

  • 3 · Investment income

    total $100,715 · excluded $100,715

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $19,160 · program services $19,160

  • 11b · Fees: legal

    total $3,848 · management and general $3,848

  • 11f · Fees: investment management

    total $22,708 · management and general $22,708

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $176,132

  • 3 · Pledges and grants receivable

    end of year $50

  • 11 · Investments: publicly traded securities

    end of year $14,743,587

  • 12 · Investments: other securities

    end of year $1,340,996

  • 15 · Other assets

    beginning of year $0 · end of year $311,714

  • 17 · Accounts payable and accrued expenses

    end of year $14,428

  • 27 · Net assets without donor restrictions

    end of year $15,037,271

  • 28 · Net assets with donor restrictions

    end of year $1,520,780

Mission and programs · 2022

Mission

TO FUND RESEARCH, EDUCATION, AND RELATED INITIATIVES IN THE FIELD OF BLOOD AND BIOTHERAPIES

Activities or mission (Part I)

AABB FOUNDATION INC'S PURPOSE IS TO SUPPORT THE MISSION AND VISION OF THE AMERICAN ASSOCIATION OF BLOOD BANKS. THIS INCLUDES FUNDING RESEARCH, EDUCATION, AND RELATED INITIATIVES IN THE FIELD OF BLOOD AND BIOTHERAPIES.

  • THE AABB FOUNDATION INC ACTIVELY SUPPORTS RESEARCH, EDUCATION, AND TRAINING AND MANAGES THE INVESTMENTS AND THE ENDOWMENTS THAT PROVIDE AWARDS TO INDIVIDUALS THAT HAVE MADE MAJOR CONTRIBUTIONS TO THE FIELDS OF BLOOD TRANSFUSION MEDICINE AND RELATED THERAPIES.

    Expenses $19,160 · Grants $19,160

As filed on the 2022 return.

Listed in Part VII

  • Debra Benavram

    CEO, AABB

    Total calculated
    $778,900
    From this org
    $0
    From related orgs
    $670,130
    Other
    $108,770
    Hours/week
    2 + 35.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $566,130 related
    Bonus
    $0 + $104,000 related
    Other
    $0
    Deferred
    $0 + $92,883 related
    Nontaxable benefits
    $0 + $39,365 related
    Filer's total
    $0 + $802,378 related

  • Dana Devine

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • James D Gorham

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Chris Hrouda

    DIRECTOR

    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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

PART I, LINE 3
THE CEO'S COMPENSATION IS PAID BY AMERICAN ASSOCIATION OF BLOOD BANKS (AABB), A RELATED ORGANIZATION. AABB USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE CEO: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
DEBRA BENAVRAM PARTICIPATED IN A SECTION 457(F) SPONSORED BY AMERICAN ASSOCIATION OF BLOOD BANKS (AABB), A RELATED ORGANIZATION, IN 2022. DURING THE TAX YEAR, AABB MADE A CONTRIBUTION OF $72,383 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2025
IRS schema version
2022v5.0
Source object
202513219349308831

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