Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: General Pediatrics Exam

  total $10,958,567 · related or exempt $10,958,567 · unrelated business $0 · excluded $0

• 2b · Program service revenue: Subspeciality Certification

  total $9,070,322 · related or exempt $9,070,322 · unrelated business $0 · excluded $0

• 2c · Program service revenue: Continuing Certification

  total $22,979,051 · related or exempt $22,979,051 · unrelated business $0 · excluded $0

• 2f · All other program service revenue

  total $50,250 · related or exempt $50,250 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $6,298,448 · related or exempt $6,298,448 · unrelated business $0 · excluded $0

• 4 · Income from investment of tax-exempt bond proceeds

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 5 · Royalties

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11d · All other revenue

  total $35,733 · related or exempt $35,733 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $35,733

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $184,414 · program services $184,414

• 5 · Compensation of officers, directors and key employees

  total $5,071,397 · program services $2,994,516 · management and general $2,076,881

• 7 · Other salaries and wages

  total $11,144,078 · program services $7,438,503 · management and general $3,705,575 · fundraising $0

• 8 · Pension plan contributions

  total $1,198,833 · program services $760,189 · management and general $438,644 · fundraising $0

• 9 · Other employee benefits

  total $2,554,011 · program services $1,621,702 · management and general $932,309 · fundraising $0

• 10 · Payroll taxes

  total $1,049,420 · program services $665,446 · management and general $383,974 · fundraising $0

• 11b · Fees: legal

  total $219,785 · program services $99,772 · management and general $120,013 · fundraising $0

• 11c · Fees: accounting

  total $55,884 · program services $0 · management and general $55,884 · fundraising $0

• 11f · Fees: investment management

  total $192,644 · program services $0 · management and general $192,644 · fundraising $0

• 11g · Fees: other

  total $3,539,523 · program services $2,077,302 · management and general $1,462,221 · fundraising $0

• 13 · Office expenses

  total $186,470 · program services $98,613 · management and general $87,857 · fundraising $0

• 14 · Information technology

  total $1,860,943 · program services $419,747 · management and general $1,441,196 · fundraising $0

• 16 · Occupancy

  total $529,123 · program services $39,123 · management and general $490,000 · fundraising $0

• 17 · Travel

  total $1,081,705 · program services $863,996 · management and general $217,709 · fundraising $0

• 19 · Conferences, conventions and meetings

  total $165,728 · program services $121,303 · management and general $44,425 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $3,076,223 · program services $2,610,801 · management and general $465,422 · fundraising $0

• 23 · Insurance

  total $198,328 · program services $0 · management and general $198,328 · fundraising $0

• 24a · Other expenses: ABMS Dues

  total $877,426 · program services $854,405 · management and general $23,021 · fundraising $0

• 24b · Other expenses: Exam and ADA Fees

  total $1,575,126 · program services $1,575,126 · management and general $0 · fundraising $0

• 24c · Other expenses: Credit Card fees

  total $1,063,486 · program services $1,063,486 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $1,635 · program services $0 · management and general $1,635 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $300 · end of year $300

• 2 · Savings and temporary cash investments

  beginning of year $32,224,552 · end of year $41,407,568

• 4 · Accounts receivable

  beginning of year $221,851 · end of year $275,114

• 9 · Prepaid expenses and deferred charges

  beginning of year $936,307 · end of year $591,836

• 10a · Land, buildings and equipment: cost or other basis

  $16,931,737

• 10b · Land, buildings and equipment: accumulated depreciation

  $9,818,699

• 10c · Land, buildings and equipment, net

  beginning of year $7,427,905 · end of year $7,113,038

• 11 · Investments: publicly traded securities

  beginning of year $172,541,692 · end of year $198,886,690

• 15 · Other assets

  beginning of year $19,437,287 · end of year $24,350,811

• 17 · Accounts payable and accrued expenses

  beginning of year $4,310,418 · end of year $4,397,826

• 19 · Deferred revenue

  beginning of year $44,021,186 · end of year $42,488,369

• 25 · Other liabilities

  beginning of year $2,130,022 · end of year $2,367,471

• 27 · Net assets without donor restrictions

  beginning of year $182,328,268 · end of year $223,371,691

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 4

Certain members of senior management receive as part of their compensation, a taxable supplemental non-qualified retirement plan. Benefits provided in the current tax year were as follows: Laurel K. Leslie MD, VP of Research $13,272; Suzanne K Woods MD, Exec VP Credentialing and Initial Certification $28,484; Keith J Mann, VP of Continuing Certification $2,251. During the tax year, the Organization paid severance compensation of $29,077 to Judy Schaechter former CEO in connection with the individual's separation from employment. No additional severance obligations remained outstanding as of year-end.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• American Board of Pediatrics Collaborations LLC

  Advance healthcare for children · NC · income $20,250 · assets $642,338

  Directly controlled by American Board of Pediatrics Inc