AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH & EDUCATION F: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH & EDUCATION F (EIN 23-7304902)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-09-17
IRS object ID
202142609349300224
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-09-17T11:17:38-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN366055558PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1171 N CLARK ST SUITE 200AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237304902EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AMERICAN BOARD OF MEDICAL SPECIALTIESBusinessNameLine1Txt
Business Name Line2RESEARCH AND EDUCATION FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlAMERBusinessNameControlTxt
Phone3124362600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1353 NORTH CLARK STREET NO 1400AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60654ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD E HAWKINS MDPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone3124362600PhoneNum
Signature2021-09-16SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRICHARDPersonFirstNm
Person LastHAWKINS MDPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRIDGET T ROCHEPreparerPersonNm
PTINP00666837PTIN
Phone3128560200PhoneNum
Preparation2021-09-16PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRICHARD E HAWKINS MDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1353 NORTH CLARK STREET NO 1400AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60654ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$29,845GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1973FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionABMS RESEARCH AND EDUCATION FOUNDATION (ABMS REF) SUPPORTS THE SCIENTIFIC, (CONTINUED IN SCH O)ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers8TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$63,500PYContributionsGrantsAmt
CY Contributions Grants$27,000CYContributionsGrantsAmt
PY Program Service Revenue$15,426PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$19,724PYInvestmentIncomeAmt
CY Investment Income$2,845CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$98,650PYTotalRevenueAmt
CY Total Revenue$29,845CYTotalRevenueAmt
PY Grants And Similar Paid$37,500PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$100,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$458,390PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$259,196CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$133,274PYOtherExpensesAmt
CY Other Expenses$110,759CYOtherExpensesAmt
PY Total Expenses$629,164PYTotalExpensesAmt
CY Total Expenses$469,955CYTotalExpensesAmt
PY Revenues Less Expenses-$530,514PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$440,110CYRevenuesLessExpensesAmt
Total Assets BOY$277,398TotalAssetsBOYAmt
Total Assets EOY$292,889TotalAssetsEOYAmt
Total Liabilities BOY$1,302,019TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,744,910TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$1,024,621NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$1,452,021NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHROUGH ITS ACTIVITIES, ABMS REF SUPPORTS THE SCIENTIFIC, SCHOLARLY AND PUBLIC EDUCATION PURPOSES OF ABMS BY ENCOURAGING AND CONDUCTING RESEARCH TO (CONTINUED IN SCH O)MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$105,909ExpenseAmt
Grant$100,000GrantAmt
Revenue$0RevenueAmt
DescABMS REF IS RESPONSIBLE FOR THE ABMS VISITING SCHOLARS PROGRAM (VSP). VSP IS FOR EARLY CAREER PHYSICIANS AND OTHERS WITH RELEVANT HEALTH CARE RESEARCH-RELATED DEGREES. VSP SCHOLARS ARE INTRODUCED 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 COLLABORATION WITH MENTORS FROM THEIR INSTITUTIONS, 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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$38,411ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescABMS 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.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$11,819ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescABMS 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, AND OTHER DISCIPLINES. ABMS REF CONDUCTS PROGRAM EVALUATION AND RESEARCH ON THE ABMS LONGITUDINAL ASSESSMENT PROGRAMS TO ANALYZE PHYSICIAN KNOWLEDGE, JUDGEMENT AND SKILLS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$2,955ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescABMS REF CONDUCTS PROGRAM EVALUATION AND RESEARCH ON THE ABMS LONGITUDINAL PROGRAMS TO ASSESS PHYSICIAN KNOWLEDGE, JUDGEMENT AND SKILLS.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$2,955TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$0TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$0TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$159,094TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee1EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JULIE HUBBARDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3124362694PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1353 N CLARK ST SUITE 1400AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60654ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
RICHARD E HAWKINS MD
PRESIDENT & CEO1.0049.00Yes (X)Yes (X)$13,540$663,496$68,306
LAURA SKARNULIS
COO1.0049.00$7,879$386,052$68,479Yes (X)
DAVID SWANSON PHD
VP ACADEMIC PROGRAMS & SVCS2.5047.50$16,355$310,755$44,669Yes (X)
JOHN MANDELBAUM
CHIEF LEGAL OFFICER2.5047.50$15,083$286,573$64,232Yes (X)
JULIE HUBBARD
CFO1.0049.00Yes (X)$4,687$229,673$17,428
ANNE-MARIE IRANI MD
SCERETARY-TREAS. (THRU 06/20)1.003.00Yes (X)Yes (X)$3,125$9,375$0
LARRY A GREEN MD
CHAIR (BEG 07/20)1.0010.00Yes (X)Yes (X)$1,136$11,364$0
MICHAEL L CARIUS MD
CHAIR-ELECT (BEG 07/20)1.0010.00Yes (X)Yes (X)$1,136$11,364$0
BARRY S SMITH MD
IMMEDIATE PAST CHAIR (BEG 07/20)1.0010.00Yes (X)Yes (X)$1,136$11,364$0
REBECCA L JOHNSON MD
SECRETARY-TREASURER (BEG 07/20)1.003.00Yes (X)Yes (X)$0$0$0
BARBARA WACHSMAN MPH
DIRECTOR (BEG 07/20)1.001.00Yes (X)$0$0$0
DANIEL J COLE MD
DIRECTOR1.001.00Yes (X)$0$0$0
GEORGE D WENDEL JR MD
DIRECTOR1.001.00Yes (X)$0$0$0
RANDALL K ROENIGK MD
DIRECTOR1.001.00Yes (X)$0$0$0
EVE KURTIN PHARMD
DIRECTOR (THRU 06/20)1.001.00Yes (X)$0$0$0
JOHN C MOORHEAD MD MS
DIRECTOR (THRU 06/20)1.001.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$64,077TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$1,920,016TotReportableCompRltdOrgAmt
Total Other Compensation$263,114TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$27,000AllOtherContributionsAmt
Total Contributions$27,000TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,845TotalRevenueColumnAmt
Exclusion$2,845ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$29,845TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,845ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$100,000TotalAmt
Program Services$100,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$54,101TotalAmt
Management And General$54,101ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$171,281TotalAmt
Program Services$31,740ProgramServicesAmt
Management And General$139,541ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$10,919TotalAmt
Program Services$2,177ProgramServicesAmt
Management And General$8,742ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$10,020TotalAmt
Program Services$2,471ProgramServicesAmt
Management And General$7,549ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$12,875TotalAmt
Program Services$2,281ProgramServicesAmt
Management And General$10,594ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,335TotalAmt
Management And General$1,335ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$31,366TotalAmt
Management And General$31,366ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,689TotalAmt
Program Services$1,753ProgramServicesAmt
Management And General$936ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$11,606TotalAmt
Management And General$11,606ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,157TotalAmt
Program Services$894ProgramServicesAmt
Management And General$5,263ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$10,520TotalAmt
Program Services$4,181ProgramServicesAmt
Management And General$6,339ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$30,553TotalAmt
Program Services$7,917ProgramServicesAmt
Management And General$22,636ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,574TotalAmt
Program Services$2,178ProgramServicesAmt
Management And General$1,396ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$32TotalAmt
Management And General$32ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$6,275TotalAmt
Program Services$1,757ProgramServicesAmt
Management And General$4,518ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,652TotalAmt
Program Services$1,745ProgramServicesAmt
Management And General$4,907ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$469,955TotalAmt
Program Services$159,094ProgramServicesAmt
Management And General$310,861ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$132,322BOYAmt
EOY$132,068EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,164BOYAmt
EOY$2,354EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$0LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$0LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$142,912BOYAmt
EOY$158,467EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$277,398BOYAmt
EOY$292,889EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$179BOYAmt
EOY$14,198EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,301,840BOYAmt
EOY$1,730,712EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,302,019BOYAmt
EOY$1,744,910EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$1,168,533BOYAmt
EOY-$1,613,488EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$143,912BOYAmt
EOY$161,467EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$1,024,621BOYAmt
EOY-$1,452,021EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$277,398BOYAmt
EOY$292,889EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$440,110ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$12,710NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
IRS Written DeterminationYes (X)IRSWrittenDeterminationInd
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1ABMSBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN410847713EIN
Organization Type10OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$100,000SupportAmt
Other Support$369,955OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$100,000SupportSumAmt
Other Support Sum$369,955OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationYes (1)SuprtOrgNoIRSDeterminationInd
Supported Org Section C456Yes (1)SupportedOrgSectionC456Ind
Supported Org QualifiedYes (1)SupportedOrgQualifiedInd
Suprt Exclusively Sec170c2 BYes (1)SuprtExclusivelySec170c2BInd
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, SECTION A, LINE 2:ABMS REF CONFIRMED THAT THE SUPPORTED ORGANIZATION, ABMS, IS A SECTION 501(C)(6) TAX EXEMPT ORGANIZATION BY REVIEWING ITS INTERNAL REVENUE SERVICE DETERMINATION LETTER AND BY ANNUALLY COMPLETING A PRO FORMA SCHEDULE A, PART III TEST TO CONFIRM THAT ABMS SATISFIES THE PUBLIC SUPPORT TESTS UNDER SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE.
PART IV, SECTION A, LINE 3B:SAME AS LINE 2 ABOVE.
PART IV, SECTION A, LINE 3C:ABMS REF OPERATES EXCLUSIVELY FOR THE BENEFIT OF ABMS BECAUSE THE ACTIVITIES OF THE FOUNDATION ARE FOCUSED SOLELY ON ACTIVITIES WHICH SUPPORT ABMS AND OTHER NONPROFIT SCIENTIFIC RESEARCH AND DEVELOPMENT ORGANIZATIONS. ABMS REF DOES NOT ENGAGE IN ANY ACTIVITIES OUTSIDE THE SCOPE OF ABMS'S ORGANIZATIONAL PURPOSE.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$143,912BeginningYearBalanceAmt
Contributions$2,000ContributionsAmt
Investment Earnings Or Losses$15,555InvestmentEarningsOrLossesAmt
End Year Balance$161,467EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$123,188BeginningYearBalanceAmt
Contributions$1,000ContributionsAmt
Investment Earnings Or Losses$19,724InvestmentEarningsOrLossesAmt
End Year Balance$143,912EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$76,779BeginningYearBalanceAmt
Contributions$45,700ContributionsAmt
Investment Earnings Or Losses$709InvestmentEarningsOrLossesAmt
End Year Balance$123,188EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Contributions$76,779ContributionsAmt
End Year Balance$76,779EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO ABMSDesc
Amt$1,730,712Amt
FieldValueIRS element (for citing)
Total Liability$1,730,712TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:ENDOWMENT FUNDS THE ENDOWMENT IS FOR THE FUNDING OF A SPEAKER'S SERIES AT THE ABMS ANNUAL CONFERENCE.
PART X, LINE 2:FIN 48 FOOTNOTE ABMS REF 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)(3), EXCEPT FOR INCOME TAXES PERTAINING TO UNRELATED BUSINESS INCOME.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
GEORGE WASHINGTON UNIVERSITY
45155 RESEARCH PLACE SUITE 260ASHBURNVA21147530196584$12,500RESEARCH
VIRGINIA COMMONWEALTH UNIVERSITY
1201 E MARSHALL ST SUITE 4-100RICHMONDVA23298546001758$12,500RESEARCH
JOHN HOPKINS UNIVERSITY SCHOOL OF MEDICINE
3910 KESWICK ROAD N4327-BBALTIMOREMA21211520595110$12,500RESEARCH
RHODE ISLAND HOSPITAL
ONE HOPPIN STREET BOX 42 SUITE 1300PROVIDENCERI02903050258954$12,500RESEARCH1300
REGENTS OF THE UNIVERSITY OF MICHIGAN
5082 WOLVERINE TOWER 3003 SOUTHANN ARBORMI48109386006309$12,500RESEARCHSTATE STREET
UNIVERSITY OF WASHINGTON SCHOOL OF MEDICINE
4300 ROOSEVELT WAY NE BOX 354965SEATTLEWA98105916001537$12,500RESEARCH
BRIGHAM AND WOMEN'S HOSPITAL
75 FRANCIS STREETBOSTONMA02115042312909$12,500RESEARCH
BRIGHAM AND WOMEN'S HOSPITAL
76 FRANCIS STREETBOSTONMA02116042312910$12,500RESEARCH
FieldValueIRS element (for citing)
Total501c3 Org7Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationGRANTS ABMS REF MANAGEMENT ANALYZES REQUESTS FOR RESEARCH DISBURSEMENTS ON AN ONGOING BASIS. GRANTS ARE AWARDED TO ORGANIZATIONS THAT SUPPORT RESEARCH SCHOLARS. ABMS REF MONITORS AND CONFIRMS THAT GRANTS ARE BEING USED FOR THEIR INTENDED PURPOSES.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Discretionary Spending AcctYes (X)DiscretionarySpendingAcctInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation Required0SubstantiationRequiredInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
RICHARD E HAWKINS MD
PRESIDENT & CEO$13,103$642,058$0$0$437$21,438$750$36,750$618$30,293$14,908$730,539$0$0
LAURA SKARNULIS
COO$7,113$348,540$736$36,064$30$1,448$750$36,753$647$31,714$9,276$454,519$0$0
DAVID SWANSON PHD
VP ACADEMIC PROGRAMS & SVCS$14,947$283,996$325$6,175$1,083$20,584$1,053$20,010$1,186$22,525$18,594$353,290$0$0
JOHN MANDELBAUM
CHIEF LEGAL OFFICER$12,627$239,912$1,420$26,980$1,036$19,681$1,875$35,625$1,378$26,179$18,336$348,377$0$0
JULIE HUBBARD
CFO$4,466$218,839$221$10,834$0$0$349$17,079$12$593$5,048$247,345$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1AFIRST-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 REF 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 HIS OFFER LETTER, ONE HIGHEST COMPENSATED EMPLOYEE RECEIVES A TRAVEL ALLOWANCE. THE TRAVEL ALLOWANCE WAS TAXABLE TO HIM AS COMPENSATION.
PART I, LINE 3METHODS 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, AN OUTSIDE COMPENSATION CONSULTING FIRM, AND APPROVAL BY THE BOARD OR EXECUTIVE COMMITTEE.
PART I, LINE 7NON-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.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (12 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, LINE 1SCHOLARLY AND PUBLIC EDUCATION PURPOSES OF THE AMERICAN BOARD OF MEDICAL SPECIALTIES (ABMS).
FORM 990, PART III, LINE 1, ORGANIZATION'S MISSION:(1) IMPROVE MEASUREMENT, ASSESSMENT AND EVALUATION OF THE EDUCATIONAL, SCIENTIFIC, CLINICAL AND 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.
FORM 990, PART VI, SECTION A, LINE 1INDEPENDENT VOTING MEMBERS ABMS REF'S BOARD OF DIRECTORS ACTS AS ITS GOVERNING BODY. HOWEVER, CERTAIN ASPECTS OF GOVERNANCE OF ABMS REF ARE RESERVED TO THE ORGANIZATION'S SOLE MEMBER, ABMS, AN ILLINOIS, NOT-FOR-PROFIT CORPORATION, EXEMPT FROM FEDERAL TAXATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(6). THE SOLE MEMBER'S "RESERVED POWERS" ARE SET FORTH IN SECTION 2.01 TO 2.04 OF ABMS REF'S BYLAWS DATED JUNE 12, 2019 AND ARE AS FOLLOWS: SECTION 2.01 MEMBERSHIP. THE FOUNDATION (I.E., ABMS REF) SHALL HAVE ONE MEMBER, NAMELY, THE AMERICAN BOARD OF MEDICAL SPECIALTIES, AN ILLINOIS NOT-FOR-PROFIT CORPORATION. IN THESE BYLAWS, THE MEMBER SHALL BE REFERRED TO AS THE "SOLE MEMBER OR "ABMS". SECTION 2.02 MEMBERS RESERVED POWERS. THE SOLE MEMBER SHALL HAVE THE FOLLOWING RESERVED POWERS IN LIEU OF THOSE GRANTED BY STATUTE TO MEMBERS. IN AS MUCH AS THE SOLE MEMBER IS ANOTHER NOT-FOR-PROFIT CORPORATION, ALL OF THE ACTION REQUIRED TO BE TAKEN OR APPROVED BY THE SOLE MEMBER SHALL BE EXERCISED BY THE SOLE MEMBER'S BOARD OF DIRECTORS ("ABMS BOD") OR AS OTHERWISE SPECIFIED BY ITS BYLAWS: (A) APPOINTING THE PRESIDENT AND CEO OF THE FOUNDATION AND REMOVING HIM OR HER, WITH OR WITHOUT CAUSE, SUBJECT TO CONTRACT RIGHTS. (B) AMENDING THE ARTICLES OF INCORPORATION AND CORPORATE BYLAWS OF THE FOUNDATION. (C) APPROVING THE FOUNDATION'S ANNUAL OPERATING AND/OR CAPITAL BUDGETS AND AMENDMENTS THERETO IN EXCESS OF SUCH AMOUNT AS SHALL BE SPECIFIED FROM TIME TO TIME IN WRITING FROM THE SOLE MEMBER TO THE FOUNDATION. (D) APPROVING ALL CREATIONS OR ACQUISITIONS OF SUBSIDIARIES OR CONTROLLED AFFILIATES, MERGERS, CONSOLIDATIONS, PERMANENT OR LONG-TERM AFFILIATIONS AND ALL JOINT VENTURES OF THE FOUNDATION INVOLVING CAPITAL INVESTMENTS IN EXCESS OF SUCH AMOUNT AS SHALL BE SPECIFIED FROM TIME TO TIME IN WRITING FROM THE SOLE MEMBER TO THE FOUNDATION. (E) APPROVING THE SALE OR ENCUMBRANCE OF ALL OR SUBSTANTIALLY ALL THE ASSETS OF THE FOUNDATION AND ALL LONG-TERM DEBT IN EXCESS OF SUCH AMOUNT SHALL BE SPECIFIED FROM TIME TO TIME IN WRITING FROM THE SOLE MEMBER TO THE FOUNDATION. (F) APPROVING THE DISSOLUTION OF AND ALL LIQUIDATIONS FROM THE FOUNDATION. SECTION 2.03 MANNER OF ACTING BY SOLE MEMBER. THE SOLE MEMBER SHALL EXERCISE ITS RESERVED POWERS IN THE MANNER PRESCRIBED BY THE SOLE MEMBER'S BYLAWS. SECTION 2.04 RIGHTS AND LIABILITIES OF SOLE MEMBER. EXCEPT AS OTHERWISE PROVIDED IN THESE BYLAWS, THE SOLE MEMBER SHALL NOT BE LIABLE FOR THE DEBTS OR OBLIGATIONS OF THE FOUNDATION.
FORM 990, PART VI, SECTION A, LINE 2RICHARD 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.
FORM 990, PART VI, SECTION A, LINE 6MEMBERS OR STOCKHOLDERS THE SOLE MEMBER OF ABMS REF IS ABMS.
FORM 990, PART VI, SECTION A, LINE 7AMEMBER OR STOCKHOLDERS WHO MAY ELECT ABMS REF'S BOARD OF DIRECTORS ACTS AS ITS GOVERNING BODY. HOWEVER, CERTAIN ASPECTS OF GOVERNANCE OF ABMS REF ARE RESERVED TO THE ORGANIZATION'S SOLE MEMBER, ABMS, AN ILLINOIS, NOT-FOR-PROFIT CORPORATION, EXEMPT FROM FEDERAL TAXATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(6).
FORM 990, PART VI, SECTION A, LINE 7BSAME AS LINE 7A ABOVE.
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 REVIEW PROCESS THE BOARD RETAINED THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ABMS REF FORM 990. THE INDEPENDENT CPA FIRM PRESENTED THE FORM 990 TO THE AUDIT COMMITTEE WHICH APPROVED IT IN AUGUST 2020. THE AUDIT COMMITTEE THEN FORWARDED THE FORM 990 TO THE EXECUTIVE COMMITTEE OF THE ABMS REF BOARD OF DIRECTORS FOR ITS CONSIDERATION AND APPROVAL LATER THAT MONTH. AFTERWARDS, A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO THE FULL BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 12CWRITTEN CONFLICT OF INTEREST POLICY THE ABMS CONFLICT OF INTEREST AND DUALITIES OF INTEREST POLICY-WHICH APPLIES TO ALL OF ITS AFFILIATES AND SUBSIDIARIES-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 OF INTEREST IN FACT EXISTED.
FORM 990, PART VI, SECTION B, LINE 15PROCESS OF DETERMINING COMPENSATION THE PROCESS FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR AND OTHER MANAGEMENT OFFICIALS OR KEY EMPLOYEES INCLUDED A REVIEW OF COMPARABILITY DATA, CONSULTATION WITH AN INDEPENDENT CONSULTING FIRM AND REVIEW AND APPROVAL BY A RELATED TAX-EXEMPT ORGANIZATION ABMS.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS MADE AVAILABLE TO 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 RELATED ORGANIZATIONS, WHICH IS ABMS. ABMS REF WAS REQUIRED TO REIMBURSE ABMS 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.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1AMERICAN BOARD OF MEDICAL SPECIALTIESBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1353 N CLARK ST SUITE 1400AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60654ZIPCd
FieldValueIRS element (for citing)
EIN410847713EIN
Primary ActivitiesCERTIFICATIONPrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd
Exempt Code Section501(C)(6)ExemptCodeSectionTxt
Public Charity StatusN/APublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
AMERICAN BOARD OF MEDICAL SPECIALTIES
E$1,732,712FMV
AMERICAN BOARD OF MEDICAL SPECIALTIES
N$60,157FMV
AMERICAN BOARD OF MEDICAL SPECIALTIES
O$259,196FMV

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