2021-09-17T10:55:26-05:00 2020-12-31 366055558 GRANT THORNTON LLP 171 N CLARK ST SUITE 200 CHICAGO IL 60601 990 2020-01-01 410847713 AMERICAN BOARD OF MEDICAL SPECIALTIES AMER 3124362600 353 NORTH CLARK STREET NO 1400 CHICAGO IL 60654 RICHARD E HAWKINS MD PRESIDENT & CEO 3124362600 2021-09-16 1 RICHARD HAWKINS MD XXX-XX-XXXX BRIDGET T ROCHE P00666837 3128560200 2021-09-16 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z RICHARD E HAWKINS MD 353 NORTH CLARK STREET NO 1400 CHICAGO IL 60654 20241975 0 X WWW.ABMS.ORG X 1935 IL ABMS SERVES THE PUBLIC AND THE MEDICAL PROFESSION BY IMPROVING THE QUALITY OF (CONTINUED IN SCH O) HEALTH CARE, BY ESTABLISHING THE PROFESSIONAL STANDARDS FOR ITS 24 MEMBER BOARDS' INITIAL AND CONTINUING CERTIFICATION PROGRAMS. 35 31 76 167 3732 0 0 4680 20193400 19701241 1851760 397755 252554 133529 22297714 20237205 0 0 0 0 11280542 11924858 0 0 0 8111861 5714496 19392403 17639354 2905311 2597851 23246326 27765999 8569637 9370888 14676689 18395111 X ABMS COLLABORATES WITH ITS 24 MEMBER BOARDS TO IMPROVE THE QUALITY OF HEALTH CARE TO PATIENTS, FAMILIES AND COMMUNITIES THROUGH A SYSTEM OF HIGH-QUALITY SPECIALTY BOARD CERTIFICATION. ABMS AND ITS MEMBER BOARDS ESTABLISH THE STANDARDS FOR BOTH INITIAL (CONTINUED IN SCH O) CERTIFICATION AND CONTINUING CERTIFICATION THAT ASSIST PHYSICIANS AND OTHER CERTIFICATE HOLDERS IN PROVIDING HIGH QUALITY PATIENT CARE, OFFERING A RIGOROUS AND RELEVANT SYSTEM OF CONTINUOUS PROFESSIONAL DEVELOPMENT IN EACH RESPECTIVE AREA OF SPECIALTY MEDICINE. 0 0 ABMS IS A LEADER IN SETTING PHYSICIAN SPECIALTY STANDARDS FOR INITIAL BOARD CERTIFICATION AND CONTINUING CERTIFICATION ACROSS 40 SPECIALTIES AND 87 SUBSPECIALTIES. ABMS ASSISTS ITS 24 MEMBER BOARDS IN THEIR EFFORTS TO DEVELOP AND IMPLEMENT EDUCATIONAL AND PROFESSIONAL STANDARDS FOR THE EVALUATION, ASSESSMENT AND CERTIFICATION OF PHYSICIAN SPECIALISTS. IN THE UNITED STATES, ABMS MEMBER BOARDS CERTIFY MORE THAN 920,000 PHYSICIANS AND SCIENTISTS. INTERNATIONALLY, ABMS ASSISTS IN DEVELOPING AND MAINTAINING A PROGRAM OF PHYSICIAN CERTIFICATION AND ASSESSMENT FOR SINGAPORE'S MEDICAL SPECIALISTS, AS WELL AS CONSULTS WITH OTHER COUNTRIES AND COMMUNITIES ACROSS THE WORLD SEEKING TO EXPLORE OR ESTABLISH PHYSICIAN CERTIFICATION AND ASSESSMENT PROGRAMS. ABMS CONVENES LEADERS AND STAKEHOLDERS FROM ACROSS THE ABMS AND GREATER HEALTH CARE COMMUNITIES TO DISCUSS CURRENT AND EMERGING ISSUES IN TODAY'S HEALTH CARE SYSTEM, SEEKING TO UNDERSTAND WAYS IN WHICH ABMS AND ITS MEMBER BOARDS CAN ADDRESS THOSE ISSUES TO IMPROVE THE QUALITY OF PATIENT CARE. IN TERMS OF ADVOCACY, ABMS COMMUNICATES INFORMATION ABOUT AND EMPHASIZES THE IMPORTANCE OF BOARD CERTIFICATION, CONTINUING CERTIFICATION AND THEIR RELATED STANDARDS TO MEMBER BOARDS, DIPLOMATES, MEDICAL PROFESSIONALS, ORGANIZATIONS AND THE GENERAL PUBLIC. THESE COMMUNICATIONS PROVIDE PATIENTS, HEALTH CARE PROVIDERS AND INSTITUTIONS IMPORTANT INFORMATION ABOUT THE KNOWLEDGE, SKILLS AND JUDGMENT OF PHYSICIANS AND SCIENTISTS WHO ARE BOARD CERTIFIED. CERTIFICATIONMATTERS.ORG, WHICH IS A PUBLIC ACCESS ABMS WEBSITE, ALSO PROVIDES INFORMATION ABOUT BOARD CERTIFICATION. ANY INDIVIDUAL MAY ACCESS THIS SITE TO DETERMINE IF A PHYSICIAN IS BOARD-CERTIFIED BY AN ABMS MEMBER BOARD.IN TERMS OF RESEARCH AND PROFESSIONAL DEVELOPMENT, ABMS AND ITS MEMBER BOARDS ACTIVELY STUDY AND SUPPORT RESEARCH INTO THE IMPACT THAT CERTIFICATION PROGRAMS HAVE ON BOTH THE PROFESSION OF MEDICINE AS WELL AS IMPROVING PATIENT SAFETY AND HEALTH CARE. ABMS IS ALSO COMMITTED TO PHYSICIAN PROFESSIONAL DEVELOPMENT AS PART OF ITS MEMBER BOARDS' CONTINUING CERTIFICATION PROGRAMS, INCLUDING CONTINUING MEDICAL EDUCATION AND QUALITY AND PRACTICE IMPROVEMENT ACTIVITIES. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 43 0 1 76 1 1 1 0 0 0 0 0 0 0 X 35 31 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X JULIE HUBBARD 3124362694 353 NORTH CLARK STREET STE 1400 CHICAGO IL 60654 X RICHARD E HAWKINS MD PRESIDENT & CEO 49.00 1.00 X X 663496 13540 68306 GREGORY OGRINC MD SVP, CERT STANDARD & PRGM (BEG 1/20) 50.00 0.00 X 451875 0 64324 LAURA SKARNULIS COO 49.00 1.00 X 386052 7879 68479 DAVID SWANSON PHD VP ACADEMIC PROGRAMS & SVCS 47.50 2.50 X 310755 16355 44669 JOHN MANDELBAUM CHIEF LEGAL OFFICER 47.50 2.50 X 286573 15083 64232 THOMAS GRANATIR SVP POLICY & EXT. RELATIONS 50.00 0.00 X 278912 0 63332 JENNIFER MICHAEL CHIEF INFORMATION OFFICER 50.00 0.00 X 258551 0 58247 RICHARD WATERS CHIEF MARKETING OFFICER 50.00 0.00 X 257921 0 19129 DORIA LESS SALES ASSOCIATE 50.00 0.00 X 235957 0 28270 KRISTA ALLBEE VP INTERNATIONAL PROGRAMS 50.00 0.00 X 240267 0 19408 JULIE HUBBARD CFO 49.00 1.00 X 229673 4687 17428 KATHLEEN HOLTZMAN DIR OF ASSESSMENT AND INTL OPS 50.00 0.00 X 194070 0 41816 DAVID COURSEY DIRECTOR OF SALES 50.00 0.00 X 196459 0 36794 LARRY A GREEN MD CHAIR (BEG 07/20) 10.00 1.00 X X 11364 1136 0 MICHAEL L CARIUS MD CHAIR-ELECT (BEG 07/20) 10.00 1.00 X X 11364 1136 0 BARRY S SMITH MD IMMEDIATE PAST CHAIR (BEG 07/20) 10.00 1.00 X X 11364 1136 0 ANNE-MARIE IRANI MD SECRETARY-TREAS. (THRU 06/20) 3.00 1.00 X X 9375 3125 0 REBECCA L JOHNSON MD SECRETARY-TREASURER (BEG 07/20) 3.00 1.00 X X 0 0 0 MIRIAM G BLITZER PHD DIRECTOR 1.00 0.00 X 0 0 0 PAMELA J BOYERS PHD DIRECTOR (THRU 06/20) 1.00 0.00 X 0 0 0 KEITH E BRANDT MD DIRECTOR 1.00 0.00 X 0 0 0 JO BUYSKE MD DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY CHIODO MD DIRECTOR (THRU 06/20) 1.00 0.00 X 0 0 0 RICHARD J BARON MD DIRECTOR 1.00 0.00 X 0 0 0 DANIEL J COLE MD DIRECTOR 1.00 1.00 X 0 0 0 LARRY R FAULKNER MD DIRECTOR 1.00 0.00 X 0 0 0 THOMAS W HESS JD DIRECTOR 1.00 0.00 X 0 0 0 VALERIE P JACKSON MD DIRECTOR (THRU 06/20) 1.00 0.00 X 0 0 0 J BRANTLEY THRASHER MD DIRECTOR 1.00 0.00 X 0 0 0 JAMES G LIFTON MBA DIRECTOR (THRU 06/20) 1.00 0.00 X 0 0 0 WALTER H MERRILL MD DIRECTOR 1.00 0.00 X 0 0 0 EVE M KURTIN PHARMD MBA DIRECTOR 1.00 1.00 X 0 0 0 RANDALL K ROENIGK MD DIRECTOR 1.00 1.00 X 0 0 0 BARBARA WACHSMAN MPH DIRECTOR 1.00 0.00 X 0 0 0 GEORGE B BARTLEY MD DIRECTOR 1.00 0.00 X 0 0 0 THEODORE M FREEMAN MD DIRECTOR (THRU 06/20) 1.00 0.00 X 0 0 0 GEORGE D WENDEL JR MD DIRECTOR 1.00 1.00 X 0 0 0 DAVID F MARTIN MD DIRECTOR 1.00 0.00 X 0 0 0 DAVID G NICHOLS MD DIRECTOR 1.00 0.00 X 0 0 0 BRIAN NUSSENBAUM MD DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER J ONDRULA JD DIRECTOR 1.00 0.00 X 0 0 0 GARY W PROCOP MD DIRECTOR 1.00 0.00 X 0 0 0 EARL J REISDORFF MD DIRECTOR 1.00 0.00 X 0 0 0 GEORGE M SEGALL MD DIRECTOR 1.00 0.00 X 0 0 0 BRUCE G WOLFF MD DIRECTOR 1.00 0.00 X 0 0 0 JOHN C MOORHEAD MD DIRECTOR (THRU 06/20) 4.00 1.00 X 0 0 0 TARA MONGOMERY DIRECTOR 1.00 0.00 X 0 0 0 WARREN P NEWTON MD DIRECTOR 1.00 0.00 X 0 0 0 JOHN A WILSON MD DIRECTOR 1.00 0.00 X 0 0 0 BRENT J WAGNER MD DIRECTOR (BEG 07/20) 1.00 0.00 X 0 0 0 CAROLYN L KINNEY MD DIRECTOR (BEG 07/20) 1.00 0.00 X 0 0 0 DEBORAH BRICELAND-BETTS JD DIRECTOR (BEG 07/20) 1.00 0.00 X 0 0 0 KATIE O ORRICO JD DIRECTOR (BEG 07/20) 1.00 0.00 X 0 0 0 MICHAEL R NELSON MD PHD DIRECTOR (BEG 07/20) 1.00 0.00 X 0 0 0 4034028 64077 594434 32 0 1 0 NCS PEARSON INC 13036 COLLECTION CENTER DRIVE CHICAGO IL 60693 EXAM SERVICES 536608 FIGMD INC 6952 ROTE ROAD ROCKFORD IL 61107 EXAM SERVICES 197143 GRANT THORNTON LLP 33562 TREASURY CENTER CHICAGO CHICAGO IL 60694 AUDIT AND TAX SERVICES 189757 INTERNET TESTING SYSTEMS LLC 300 CHESTNUT AVE BALTIMORE MD 21211 EXAM SERVICES 189690 ARBET CONSULTING 1074 CLIFFS VISTA PARKWAY SIX MILE SC 29682 EXAM SERVICES 127500 7 4680 4680 4680 MEMBERSHIP DUES 862100 7475201 7475201 SUBSCRIPTIONS AND DATA SERVICES 730000 6388206 6388206 INTERNATIONAL PROGRAMS 900099 3713151 3713151 LICENSE FEES 860000 1188823 1188823 PROGRAM AND SPONSORSHIP FEES 860000 909428 909428 26432 26432 19701241 397755 397755 118199 4770 113429 113429 3732 109697 UBIT TAX REFUND 900099 20100 20100 20100 20237205 19701241 3732 527552 3260659 7124627 433012 533552 573008 554729 26179 188927 41000 53714 1313617 262310 59250 1150710 968404 144139 358811 390871 189088 FOREIGN EXCHANGE 6715 INTERNATIONAL TAX 6032 17639354 4532859 6040299 1119924 699738 419000 673416 3859746 3410121 735587 449625 13808366 16737997 796836 796836 1833754 2368088 23246326 27765999 3059333 3198907 4684355 5471889 825949 700092 8569637 9370888 X 14676689 18395111 14676689 18395111 23246326 27765999 2597851 1120571 0 X 0 1 X 1 0 0 0 1 7475201 50534 147 50681 50534 147 527711 283769 243942 3332035 3126352 205683 449625 DUE FROM RELATED AFFILIATE 1732712 DEFERRED COMPENSATION PLAN 632091 SECURITY DEPOSIT 3285 2368088 DEFERRED RENT 700092 700092 X PART X, LINE 2: FIN 48 FOOTNOTE ABMS HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE, STATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(A) OF THE INTERNAL REVENUE CODE OF 1986 (IRC) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(6), EXCEPT FOR INCOME TAXES PERTAINING TO UNRELATED BUSINESS INCOME. ABMS INTERNATIONAL, LLC AND ABMS SOLUTIONS, LLC ARE LIMITED LIABILITY COMPANIES UNDER THE IRC. ABMS SINGAPORE, LLC IS SUBJECT TO SINGAPORE CORPORATE INCOME TAX FOR THE ENTIRE YEAR AND WAS SUBJECT TO GOODS AND SERVICES TAX (GST) THROUGH NOVEMBER 30, 2019 BASED ON THE CONTRACT INCOME EARNED IN SINGAPORE. THE TAXES ARE ACCOUNTED FOR UNDER THE ASSET AND LIABILITY METHOD, WHICH REQUIRES THE RECOGNITION OF TAX ASSETS AND LIABILITIES FOR THE EXPECTED FUTURE TAX CONSEQUENCES OF EVENTS THAT HAVE BEEN INCLUDED IN THE FINANCIAL STATEMENTS FOR ABMS SINGAPORE, LLC. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) HAS ISSUED GUIDANCE THAT REQUIRES THE TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. OTHER THAN WHAT IS DISCLOSED IN NOTE M, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. A PROVISION FOR UNRELATED BUSINESS INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. 1 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SPCLTY CERTIFICATION 2630438 0 0 0 0 0 0 2630438 0 2630438 0 0 0 0 0 0 PART I, LINE 2: PROCEDURES FOR MONITORING ASSISTANCE OUTSIDE THE U.S. THE ORGANIZATION TRACKS AND MONITORS EXPENDITURES TO ORGANIZATIONS OUTSIDE THE U.S. USING THE SAME METHODS IT USES TO TRACK AND MONITOR EXPENDITURES WITHIN THE U.S. PART III ACCOUNTING METHOD: PART I, LINE 3: ACTIVITIES PER REGION THE ORGANIZATION USES THE ACCRUAL METHOD TO ACCOUNT FOR EXPENDITURES. X X X 1 1 X X X X 0 0 0 RICHARD E HAWKINS MD PRESIDENT & CEO 642058 13103 0 0 21438 437 36750 750 30293 618 730539 14908 0 0 GREGORY OGRINC MD SVP, CERT STANDARD & PRGM (BEG 1/20) 336929 0 36700 0 78246 0 37500 0 26912 0 516287 0 0 0 LAURA SKARNULIS COO 348540 7113 36064 736 1448 30 36753 750 31714 647 454519 9276 0 0 DAVID SWANSON PHD VP ACADEMIC PROGRAMS & SVCS 283996 14947 6175 325 20584 1083 20010 1053 22525 1186 353290 18594 0 0 JOHN MANDELBAUM CHIEF LEGAL OFFICER 239912 12627 26980 1420 19681 1036 35625 1875 26179 1378 348377 18336 0 0 THOMAS GRANATIR SVP POLICY & EXT. RELATIONS 251744 0 26263 0 905 0 37500 0 26087 0 342499 0 0 0 JENNIFER MICHAEL CHIEF INFORMATION OFFICER 245051 0 13500 0 0 0 20085 0 39210 0 317846 0 0 0 RICHARD WATERS CHIEF MARKETING OFFICER 245661 0 12260 0 0 0 19129 0 955 0 278005 0 0 0 DORIA LESS SALES ASSOCIATE 234098 0 1610 0 249 0 10833 0 17437 0 264227 0 0 0 KRISTA ALLBEE VP INTERNATIONAL PROGRAMS 227628 0 10800 0 1839 0 17927 0 1586 0 259780 0 0 0 JULIE HUBBARD CFO 218839 4466 10834 221 0 0 17079 349 593 12 247345 5048 0 0 KATHLEEN HOLTZMAN DIR OF ASSESSMENT AND INTL OPS 185111 0 8500 0 459 0 9759 0 32162 0 235991 0 0 0 DAVID COURSEY DIRECTOR OF SALES 189500 0 5810 0 1149 0 15058 0 21841 0 233358 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL PER THE TERMS OF HIS EMPLOYMENT CONTRACT, THE 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. HEALTH OR SOCIAL CLUB DUES ABMS OFFERS ONE KEY EMPLOYEE AND ONE HIGHLY COMPENSATED EMPLOYEE LOCATED IN THE CHICAGO OFFICE HEALTH CLUB SUBSIDIES WHICH ARE TAXABLE TO THEM AS COMPENSATION. ALL EMPLOYEES IN THE CHICAGO OFFICE ARE ELIGIBLE TO RECEIVE THIS BENEFIT. HEALTH CLUB SUBSIDIES WERE DISCONTINUED IN MARCH 2020 DUE TO COVID-19 RELATED SHUT-DOWNS. DISCRETIONARY SPENDING PER THE TERMS OF THEIR OFFER LETTERS, ONE KEY EMPLOYEE AND ONE HIGHLY COMPENSATED EMPLOYEE RECEIVE TRAVEL ALLOWANCES. THE TRAVEL ALLOWANCES ARE TAXABLE TO THEM AS COMPENSATION. FORM 990, PART VI, SECTION A, LINE 1 DELEGATION OF AUTHORITY WITH RESPECT TO "MATERIAL DIFFERENCES IN VOTING RIGHTS AMONG MEMBERS OF THE GOVERNING BODY", ABMS' BOARD OF DIRECTORS IS COMPRISED OF 35 VOTING MEMBERS. THE CHAIR, CHAIR-ELECT, IMMEDIATE PAST CHAIR, SECRETARY-TREASURER AND PRESIDENT AND CHIEF EXECUTIVE OFFICER EACH HAS ONE VOTE. THE SIX PUBLIC MEMBERS EACH HAVE ONE VOTE. THE 24 MEMBER BOARD EMPOWERED REPRESENTATIVES (MBERS) EACH HAVE EITHER ONE VOTE OR AN ALLOCATED PORTION OF 100 VOTES (I.E., PROPORTIONAL VOTING) DEPENDING ON THE SUBJECT MATTER OF THE RESOLUTION. IN THE CASE OF PROPORTIONAL VOTING, EACH MBER HAS A BASE OF TWO VOTES, AND THE REMAINDER OF THE 100 VOTES IS DIVIDED AMONG THE MBERS IN ACCORDANCE WITH A FORMULA BASED ON THE NUMBER OF DIPLOMATES CERTIFIED BY THE MEMBER BOARD REPRESENTED BY THAT MBER DURING THE PREVIOUS FIVE-YEAR PERIOD. WITH RESPECT TO THE GOVERNING BOARD DELEGATING "BROAD AUTHORITY" TO AN EXECUTIVE COMMITTEE, ABMS' EXECUTIVE COMMITTEE IS A STANDING COMMITTEE OF ABMS' BOARD OF DIRECTORS WITH RESPONSIBILITY FOR OVERSEEING THE CORPORATION AND WITH FULL AUTHORITY TO ACT ON BEHALF OF THE CORPORATION IN THE INTERIM BETWEEN MEETINGS OF ABMS' BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE IS REQUIRED TO COMMUNICATE TO THE ABMS' BOARD OF DIRECTORS IN A TIMELY FASHION ALL OF ITS ACTIONS TAKEN ON BEHALF OF THE CORPORATION. THE EXECUTIVE COMMITTEE IS COMPRISED OF ABMS' CHAIR, CHAIR-ELECT, IMMEDIATE PAST CHAIR, SECRETARY-TREASURER, PRESIDENT AND CHIEF EXECUTIVE OFFICER, 3 MBERS, AND 1 PUBLIC MEMBER. FORM 990, PART VI, SECTION A, LINE 2 RICHARD E. HAWKINS, MD, LAURA SKARNULIS, JULIE HUBBARD, ANNE-MARIE IRANI, MD, LARRY A. GREEN, MD, MICHAEL L. CARIUS, MD, BARRY S. SMITH, MD, REBECCA L. JOHNSON, MD, BARBARA WACHSMAN, MPH, DANIEL J. COLE, MD, GEORGE D. WENDEL, JR, MD, RANDALL K. ROENIGK, MD, EVE KURTIN, PHARMD, JOHN C. MOORHEAD, MD, MS, JOHN MANDELBAUM HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER AT A RELATED ORGANIZATION, AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH AND EDUCATION FOUNDATION. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS THERE ARE 3 CLASSES OF MEMBERS, NAMELY: REGULAR MEMBERS, ASSOCIATE MEMBERS AND PUBLIC MEMBERS. EACH CLASS HAS ONLY THE RIGHTS AND POWERS SET FORTH BELOW. REGULAR MEMBERS ARE ALL 24 PRIMARY AND CONJOINT MEDICAL SPECIALTY BOARDS WHICH HAVE BEEN APPROVED BY ABMS IN ACCORDANCE WITH THE CRITERIA STIPULATED IN THE "ESSENTIALS FOR APPROVAL OF EXAMINING BOARDS IN MEDICAL SPECIALTIES" AS ESTABLISHED BY ABMS FROM TIME TO TIME. ASSOCIATE MEMBERS ARE LIMITED TO SUCH ORGANIZATIONS INTERESTED IN MEDICAL EDUCATION OR THE STANDARDS OF MEDICAL PRACTICE AS, IN THE SOLE OPINION OF ABMS, MAY ASSIST IT SIGNIFICANTLY IN THE ATTAINMENT OF ITS PURPOSES. PUBLIC MEMBERS ARE PERSONS ELECTED BY ABMS' BOARD OF DIRECTORS TO BRING VIEWPOINTS FROM THE PUBLIC TO THE DELIBERATIONS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OR STOCKHOLDERS WHO MAY ELECT PER THE ABMS BYLAWS, CANDIDATES FOR OPEN MBER POSITIONS ARE RECOMMENDED BY THE RESPECTIVE MEMBER BOARD TO THE ABMS BOARD OF DIRECTORS GOVERNANCE COMMITTEE. CANDIDATES FOR PUBLIC MEMBER POSITIONS MAY BE RECOMMENDED TO THE GOVERNANCE COMMITTEE BY ANY MEMBER OF ABMS' BOARD OF DIRECTORS, ANY MBER OR ASSOCIATE MEMBERS. THE GOVERNANCE COMMITTEE REVIEWS THE CRITERIA AND QUALIFICATIONS OF PROSPECTIVE CANDIDATES BEFORE NOMINATING THEM TO ABMS' BOARD OF DIRECTORS. NEW MEMBERS OF ABMS' BOARD OF DIRECTORS ARE ELECTED BY A REPRESENTATIONAL SUPERMAJORITY VOTE OF THE EXISTING MEMBERS ABMS' BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS ABMS RETAINED THE SERVICES OF AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM TO REVIEW THE FORM 990 AND ACCOMPANYING SCHEDULES. THE INDEPENDENT CPA FIRM PRESENTS THE FORM 990 TO THE ABMS BOARD OF DIRECTORS AUDIT COMMITTEE THAT THEN APPROVES IT FOR PRESENTATION TO AND APPROVAL BY ABMS' BOARD OF DIRECTORS EXECUTIVE COMMITTEE. AFTERWARDS, A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ABMS' BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C WRITTEN CONFLICT OF INTEREST POLICY THE ABMS CONFLICT OF INTEREST AND DUALITIES OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, COUNCIL, COMMITTEE AND BOARD MEMBERS, IDENTIFIED KEY AGENTS AND EMPLOYEES. ON AN ANNUAL BASIS, BOARD AND COMMITTEE MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS AND DUALITIES OF INTEREST IN WRITING. AT THE BEGINNING OF ALL BOARD AND BOARD COMMITTEE MEETINGS, PARTICIPANTS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AND DUALITIES OF INTEREST. THE MINUTES OF ALL BOARD AND ALL BOARD COMMITTEE MEETINGS CONTAIN THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POTENTIAL CONFLICT OR DUALITY OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OR DUALITY OF INTEREST WAS PRESENT AND THE BOARD'S OR COMMITTEE'S DETERMINATION AS TO WHETHER A CONFLICT OR DUALITY OR INTEREST IN FACT EXISTED. FORM 990, PART VI, SECTION B, LINE 15 PROCESS OF DETERMINING COMPENSATION FOR THE ABMS PRESIDENT AND CHIEF EXECUTIVE OFFICER'S COMPENSATION 1. COMPARABILITY DATA FROM SIMILAR NOT FOR PROFIT HEALTH CARE ORGANIZATIONS AND INSTITUTIONS IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. 2. AN OUTSIDE COMPENSATION CONSULTING FIRM WILL PERIODICALLY ADVISE THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REGARDING APPROPRIATE COMPENSATION AND BENEFITS FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. 3. MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, WHO ARE INDEPENDENT, SET THE COMPENSATION FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. FOR KEY EMPLOYEES COMPENSATION FOR KEY EMPLOYEES (AS DEFINED IN PART VII) OF ABMS IS SET BY THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. WHEN SETTING COMPENSATION, THE PRESIDENT AND CHIEF EXECUTIVE OFFICER TAKES INTO ACCOUNT COMPARABILITY DATA REGARDING COMPENSATION AS WELL AS THE PERIODIC ADVICE OF AN OUTSIDE COMPENSATION CONSULTING FIRM. THE COMPENSATION OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER AND KEY EMPLOYEES WAS LAST REVIEWED IN 2020. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS MADE AVAILABLE TO THE PUBLIC THE ARTICLES OF INCORPORATION ARE AVAILABLE THROUGH THE ILLINOIS SECRETARY OF STATE; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART VII: RELATED ORGANIZATION COMPENSATION THE COMPENSATION REPORTED IN PART VII IS THE COMPENSATION PAID BY ABMS FOR A FULL-TIME POSITION. HOWEVER, A PORTION OF THE VARIOUS INDIVIDUALS' TIME IS DEVOTED TO ABMS REF. ABMS IS REIMBURSED BY ABMS REF FOR THESE COSTS. COVID-19 THE OUTBREAK OF COVID-19 HAS AFFECTED TRAVEL, COMMERCE, AND FINANCIAL MARKETS GLOBALLY. THE ORGNANIZATION HAS BEEN MONITORING AND CONTINUES TO CLOSELY MONITOR THE COVID-19 PANDEMIC AND ITS IMPACT ON ITS OPERATIONS. THOUGH THE FULL IMPACT OF COVID-19 AND THE SCOPE OF ANY IMPACT ON THE ORGANIZATION'S OPERATIONS AND FINANCIAL CONDITION CANNOT YET BE DETERMINED, THE ORGANIZATION DOES NOT ANTICIPATE ANY POTENTIAL ADVERSE CONSEQUENCES THAT WOULD BE MATERIAL TO THE FINANCIAL STATEMENTS. 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