THE ABIM FOUNDATION: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
THE ABIM FOUNDATION (EIN 23-2585181)
Tax period
2018-07-01 to 2019-06-30
Filed
2020-06-17
IRS object ID
202021699349300232
Schema version
2018v3.1
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)
Return2020-06-17T13:11:45-05:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1610 W GERMANTOWN PIKE SUITE 400AddressLine1Txt
CityPLYMOUTH MEETINGCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19462ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN232585181EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ABIM FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlABIMBusinessNameControlTxt
Phone2154463500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1510 WALNUT STREET NO 1700AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191063699ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVINCENT MANDESPersonNm
Person TitleSENIOR VICE PRESIDENT/CFOPersonTitleTxt
Phone2154463500PhoneNum
Signature2020-06-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonVICKI RAIVITCH CPAPreparerPersonNm
PTINP02060731PTIN
Phone2156433900PhoneNum
Preparation2020-06-05PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address67.137.57.251IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-06-05IPDt
IP Tm09:31:29IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id79785B13D078E4AA35DF2283D3B31463F826469CAtSubmissionCreationDeviceId
At Submission Filing Device IdF4BDDEB180AEA715529C459848FD2644064467CFAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRICHARD J BARONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1510 WALNUT STREET NO 1700AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191063699ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,189,151GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ABIMFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1989FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionSEE SCHEDULE O.AS AN OPERATING CHARITY, THE ABIM FOUNDATION DEVELOPS AND IMPLEMENTS PROJECTS IN SUPPORT OF OUR MISSION TO ADVANCE THE CORE VALUES OF MEDICAL PROFESSIONALISM AS A FORCE TO IMPROVE THE QUALITY OF HEALTH CARE.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent2VotingMembersIndependentCnt
Total Employee8TotalEmployeeCnt
Total Volunteers2TotalVolunteersCnt
Total Gross UBI-$38,588TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$38,588NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$689,237PYContributionsGrantsAmt
CY Contributions Grants$15,813CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$6,344,908PYInvestmentIncomeAmt
CY Investment Income$1,451,924CYInvestmentIncomeAmt
PY Other Revenue$24,885PYOtherRevenueAmt
CY Other Revenue$35,340CYOtherRevenueAmt
PY Total Revenue$7,059,030PYTotalRevenueAmt
CY Total Revenue$1,503,077CYTotalRevenueAmt
PY Grants And Similar Paid$4,527,378PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,958,449CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,751,432PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,988,661CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,048,892PYOtherExpensesAmt
CY Other Expenses$766,764CYOtherExpensesAmt
PY Total Expenses$7,327,702PYTotalExpensesAmt
CY Total Expenses$4,713,874CYTotalExpensesAmt
PY Revenues Less Expenses-$268,672PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$3,210,797CYRevenuesLessExpensesAmt
Total Assets BOY$72,597,681TotalAssetsBOYAmt
Total Assets EOY$70,973,325TotalAssetsEOYAmt
Total Liabilities BOY$1,244,382TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,004,553TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$71,353,299NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$69,968,772NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE O.AS AN OPERATING CHARITY, THE ABIM FOUNDATION DEVELOPS AND IMPLEMENTS PROJECTS IN SUPPORT OF OUR MISSION TO ADVANCE THE CORE VALUES OF MEDICAL PROFESSIONALISM AS A FORCE TO IMPROVE THE QUALITY OF HEALTH CARE. ONE OF OUR MOST SIGNIFICANT CONTRIBUTIONS HAS BEEN THE PUBLICATION OF MEDICAL PROFESSIONALISM IN THE NEW MILLENNIUM: A PHYSICIAN CHARTER IN 2002. OUR PAST AND PRESENT INITIATIVES FOCUS ON PROMOTING THE PRINCIPLES AND COMMITMENTS OUTLINED IN THIS SEMINAL DOCUMENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,713,874ExpenseAmt
Grant$1,958,449GrantAmt
Revenue$31,477RevenueAmt
DescOUR WORK IS DEDICATED TO EXPLORING HOW PHYSICIAN LEADERS, HEALTH CARE ORGANIZATIONS AND PUBLIC POLICY MAKERS CAN ADVANCE MEDICAL PROFESSIONALISM THROUGHOUT THE HEALTH CARE SYSTEM IN ORDER TO IMPROVE CARE FOR EVERYONE. THE IDEALS OF PROFESSIONALISM, SUCH AS COMPETENCE AND THE PRIMACY OF PATIENT WELFARE, HAVE BEEN PREVIOUSLY DEFINED IN OUR WIDELY-ADOPTED PHYSICIAN CHARTER. INDIVIDUALS, ORGANIZATIONS, AND THE PROFESSION ALL EXPERIENCE OBSTACLES TO ACHIEVING THESE IDEALS.THROUGH OUR INITIATIVES, WE SEEK TO BETTER UNDERSTAND THESE OBSTACLES AND EXPLORE WAYS TO OVERCOME THEM. MUCH OF OUR WORK FOCUSES ON ADVANCING MEDICAL PROFESSIONALISM IN THE AREA OF THE WISE USE, OR STEWARDSHIP, OF RESOURCES. (CONTINUED ON SCHEDULE O.) THIS INCLUDES THE SUCCESSFUL CHOOSING WISELY CAMPAIGN WHICH HAS RESHAPED HOW PHYSICIANS AND PATIENTS DISCUSS WHETHER OR NOT PARTICULAR SERVICES ARE IN THE BEST INTEREST OF THE PATIENT.Desc
Total Program Service Expenses$4,713,874TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
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 Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document59IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee8EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
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 Members13GoverningBodyVotingMembersCnt
Independent Voting Member2IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
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 CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VINCENT MANDESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2154463500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1510 WALNUT STREET SUITE 1700AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191063699ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
CLARENCE H BRADDOCK III MD
BOT5.000.00Yes (X)$8,500$0$0
FREDERICK CERISE MD MPH
BOT5.000.00Yes (X)$10,000$0$0
DAVID L COLEMAN MD
BOT5.005.00Yes (X)$4,250$13,500$0
PATRICIA M CONOLLY MD
BOT5.007.00Yes (X)$8,500$49,500$0
MARIANNE M GREEN MD
BOT5.005.00Yes (X)$0$23,000$0
SHARON A LEVINE MD
BOT5.000.00Yes (X)$11,500$4,000$0
GREGORY P POULSEN MBA
BOT5.000.00Yes (X)$0$0$0
ANITA SAMARTH
BOT5.000.00Yes (X)$10,000$0$0
ANTONIA M VILLARRUEL PHD RN
BOT5.000.00Yes (X)$8,500$0$0
ELIZABETH A MCGLYNN PHD
IMMEDIATE PAST CHAIR5.000.00Yes (X)$0$0$0Yes (X)
CHRISTINE A SINSKY MD
CHAIR5.000.00Yes (X)$16,500$0$0Yes (X)
JACKIE JUDD
VICE CHAIR5.000.00Yes (X)$8,500$0$0Yes (X)
DAVID B REUBEN MD
SECRETARY-TREASURER5.000.00Yes (X)$10,000$0$0Yes (X)
RICHARD J BARON
PRESIDENT8.0032.00$257,981$1,031,924$135,710Yes (X)
VINCENT MANDES
SENIOR VICE PRESIDENT/CFO4.0036.00$39,357$354,215$44,737Yes (X)
DANIEL WOLFSON
EXECUTIVE VICE PRESIDENT/COO40.000.00$442,337$0$66,341Yes (X)
TIMOTHY LYNCH
SR. DIRECTOR, FOUNDATION PROGRAMS40.000.00$160,439$0$48,577Yes (X)
WANDA ODOM
DIRECTOR, FOUNDATION COMMUNICATIONS40.000.00$115,304$0$4,050Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,111,668TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$1,476,139TotReportableCompRltdOrgAmt
Total Other Compensation$299,415TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K4IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$15,813AllOtherContributionsAmt
Total Contributions$15,813TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,935,438TotalRevenueColumnAmt
Unrelated Business Revenue-$38,588UnrelatedBusinessRevenueAmt
Exclusion$1,974,026ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,863TotalRevenueColumnAmt
Exclusion$3,863ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$4,202,560SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$4,686,074SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$483,514SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$483,514TotalRevenueColumnAmt
Exclusion-$483,514ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescHONORARIADesc
Business900099BusinessCd
Total Revenue Column$31,477TotalRevenueColumnAmt
Related Or Exempt Func Income$31,477RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$31,477OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,503,077TotalRevenueColumnAmt
Related Or Exempt Func Income$31,477RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$38,588UnrelatedBusinessRevenueAmt
Exclusion$1,494,375ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,958,449TotalAmt
Program Services$1,958,449ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,062,445TotalAmt
Program Services$1,062,445ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$664,074TotalAmt
Program Services$664,074ProgramServicesAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$67,954TotalAmt
Program Services$67,954ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$113,445TotalAmt
Program Services$113,445ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$80,743TotalAmt
Program Services$80,743ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$89,273TotalAmt
Program Services$89,273ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$6,559TotalAmt
Program Services$6,559ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$13,999TotalAmt
Program Services$13,999ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$67,369TotalAmt
Program Services$67,369ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$30,687TotalAmt
Program Services$30,687ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,238TotalAmt
Program Services$5,238ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$116,286TotalAmt
Program Services$116,286ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$114,022TotalAmt
Program Services$114,022ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$306,012TotalAmt
Program Services$306,012ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$17,319TotalAmt
Program Services$17,319ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,713,874TotalAmt
Program Services$4,713,874ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,504,439BOYAmt
EOY$1,753,448EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,028,534BOYAmt
EOY$3,001EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$507,431BOYAmt
EOY$266,498EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$21,952BOYAmt
EOY$26,953EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$181,846BOYAmt
EOY$42,087EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$24,011LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$24,011LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

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

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$35,867,236BOYAmt
EOY$35,331,991EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$33,486,243BOYAmt
EOY$33,549,347EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$72,597,681BOYAmt
EOY$70,973,325EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,242,165BOYAmt
EOY$936,006EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,217BOYAmt
EOY$68,547EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,244,382BOYAmt
EOY$1,004,553EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$70,845,868BOYAmt
EOY$69,702,274EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$507,431BOYAmt
EOY$266,498EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$71,353,299BOYAmt
EOY$69,968,772EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$72,597,681BOYAmt
EOY$70,973,325EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$3,210,797ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,826,270NetUnrlzdGainsLossesInvstAmt
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 Line1THE AMERICAN BOARD OF INTERNAL MEDICINEBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN390866228EIN
Organization Type10OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$1,742,625SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$1,742,625SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported OrgYes (1)SupportNonSupportedOrgInd
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

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990, SCHEDULE A, PART IV, SECTION A, LINE 6:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION AWARDED GRANTS TO THESE ORGANIZATIONS TO SUPPORT THE MISSION OF ABIM BY PROMOTING PROFESSIONALISM AS A FORCE TO IMPROVE THE QUALITY OF HEALTH CARE AND SEEKING TO REINFORCE THE CERTIFICATION PROCESS AS A MANIFESTATION OF PROFESSIONALISM; SUPPORTING ABIM'S EFFORTS TO ACQUIRE NEW KNOWLEDGE ABOUT HOW BEST TO ASSESS PHYSICIANS' KNOWLEDGE, SKILLS AND ATTITUDES AND EVALUATE THEIR PERFORMANCE THROUGH RESEARCH, PILOTS AND PRODUCT DEVELOPMENT; AND CONVENING THE MEDICAL COMMUNITY AND DIVERSE STAKEHOLDERS TO EXPLORE RELEVANT TOPICS THAT AFFECT PHYSICIAN PERFORMANCE: * ACADEMY HEALTH (501(C)(3) PUBLIC CHARITY) - LOW VALUE CARE PROGRAM * THE UNIVERSITY OF TEXAS AT AUSTIN (501(C)(6) ORGANIZATION) - CHOOSING WISELY STARS PROGRAM THE FOUNDATION ALSO MADE A CHARITABLE DONATION TO AN UNRELATED PUBLIC CHARITY. THIS IS NOT A RECURRING ACTIVITY PURSUED BY THE FOUNDATION. * PROVIDENCE TRINITYCARE HOSPICE FOUNDATION (501(C)(3) PUBLIC CHARITY) - OPERATING SUPPORTExplanationTxt

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

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$24,011OtherCostOrOtherBasisAmt
Depreciation$24,011DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescTIFF KEYSTONE FUND, LLPDesc
Book Value$33,549,347BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$33,549,347TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO AMERICAN BOARD OF INTERNAL MEDICINEDesc
Amt$68,547Amt
FieldValueIRS element (for citing)
Total Liability$68,547TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,329,347TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$1,826,270NetUnrealizedGainsInvstAmt
Revenue Not Reported$1,826,270RevenueNotReportedAmt
Revenue Subtotal$1,503,077RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,503,077TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,713,874TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$4,713,874ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,713,874TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE INTERNAL REVENUE SERVICE HAS GRANTED THE ORGANIZATION, WHICH IS NOT A PRIVATE FOUNDATION, EXEMPTION FROM INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN ANY UNCERTAIN TAX POSITIONS THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A TAX AUTHORITY. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. ACCORDINGLY, NO PROVISION FOR THE INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS.ExplanationTxt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
THE AMERICAN BOARD OF INTERNAL MEDICINE
510 WALNUT STREET SUITE 1700PHILADELPHIAPA19106390866228501(C)(3)$1,742,625PROGRAM/PRODUCT MODERNIZATION AND ENHANCEMENT
THE UNIVERSITY OF TEXAS AT AUSTIN
3925 WEST BREAKER LANE BLDG 159AUSTINTX78759746000203501(C)(6)$35,000CHOOSING WISELY STARS/DELL MEDICAL SCHOOLSUITE 311072
ACADEMY HEALTH
1666 K STREET SW STE 1100WASHINGTONDC20006521260918501(C)(3)$60,000ACADEMY HEALTH - LOW VALUE CARE
PROVIDENCE TRINITYCARE HOSPICE FOUNDATION
5315 TORRANCE BLVD SUITE B-1TORRANCECA90503330261016501(C)(3)$10,000OPERATING SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org3Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationGRANTS ARE MADE TO A RELATED SUPPORTED ORGANIZATION, AMERICAN BOARD OF INTERNAL MEDICINE (ABIM), WHICH HAS SIMILAR BOARD MEMBERS. MONITORING OF THE GRANT FUNDS IS PERFORMED BY THE BOARD MEMBERS. GRANTEES OTHER THAN ABIM PROVIDE FORMAL QUARTERLY AND ANNUAL REPORTS. AT LEAST ONE SITE VISIT IS CONDUCTED WITH EACH GRANTEE DURING THE COURSE OF THE GRANT.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
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 (4 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 J BARON
PRESIDENT$130,034$520,136$30,732$122,929$97,215$388,859$24,920$99,681$2,221$8,888$285,122$1,140,493$60,454$241,816
VINCENT MANDES
SENIOR VICE PRESIDENT/CFO$27,729$249,569$6,205$55,850$5,423$48,796$4,409$39,680$65$583$43,831$394,478$0$0
DANIEL WOLFSON
EXECUTIVE VICE PRESIDENT/COO$316,419$0$70,245$0$55,673$0$44,089$0$22,252$0$508,678$0$0$0
TIMOTHY LYNCH
SR. DIRECTOR, FOUNDATION PROGRAMS$144,133$0$0$0$16,306$0$23,157$0$25,420$0$209,016$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 7:ABIM HAS A BONUS POOL FOR TOP EXECUTIVES. THE BOARD EVALUATES THE PERFORMANCE OF EACH EXECUTIVE BASED ON PRE-ESTABLISHED OBJECTIVES FOR A GIVEN YEAR AND THEN DETERMINES WHETHER A BONUS IS APPROPRIATE.
PART II:COMPENSATION IN COLUMN (B) REPORTED AS DEFERRED ON PRIOR FORM 990 - COLUMN (F) - RICHARD BARON, ABIM CEO: BECAUSE UNPLANNED CEO TRANSITIONS ARE DISRUPTIVE AND EXPENSIVE FOR ORGANIZATIONS, IT IS A COMMON FEATURE OF CEO CONTRACTS TO CREATE RETENTION INCENTIVES TO ENCOURAGE THE CEO TO COMPLETE THE CONTRACT. THE 5-YEAR EMPLOYMENT CONTRACT FOR ABIM CEO, RICHARD BARON, PROVIDES FOR ANNUAL CONTRIBUTIONS TO A DEFERRED COMPENSATION PLAN, WITH THE BALANCE TO BE PAID TO DR. BARON UPON THE SUCCESSFUL COMPLETION OF HIS CONTRACT ON JUNE 30, 2018. THESE CONTRIBUTIONS HAVE BEEN REPORTED-BUT NOT PAID-EVERY YEAR ON THE 990. FOR YEARS ENDED 2014 THROUGH 2018, ON THE APPLICABLE ANNUAL FORM 990'S, ABIM REPORTED BUT DID NOT PAY DEFERRED COMPENSATION, DUE TO RICHARD BARON, ON SCHEDULE J COLUMN (C) "RETIREMENT AND DEFERRED COMPENSATION" IN THE FOLLOWING AMOUNTS: 2014 $54,457 2015 $55,722 2016 $60,120 2017 $61,134 2018 $70,837 TOTAL 2014 TO 2018 $302,270 UPON SUCCESSFUL COMPLETION OF HIS EMPLOYMENT CONTRACT, IN JULY 2018, ABIM PAID RICHARD BARON, ABIM CEO, THE DEFERRED COMPENSATION REPORTED BUT NOT PAID IN PRIOR YEAR'S ($302,270) AS WELL AS $55,537 INVESTMENT EARNINGS ON THE DEFERRED COMPENSATION BALANCE. ON THE CURRENT FORM 990, THE ENTIRE AMOUNT, $357,807, (INCLUDING AMOUNTS PREVIOUSLY REPORTED), IS INCLUDED IN COLUMN (B)(III), OTHER REPORTABLE COMPENSATION. AS PER INSTRUCTIONS FOR SCHEDULE J, COLUMN (F), FORM 990 INCLUDES $302,270 "COMPENSATION IN COLUMN B REPORTED AS DEFERRED ON PRIOR FORM 990'S.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART V, LINE 2:ABIM FOUNDATION DOES NOT HAVE ANY EMPLOYEES OF ITS OWN. EMPLOYEES WORKING ON BEHALF OF ABIM FOUNDATION ARE EMPLOYEES OF ABIM. THESE EMPLOYEES ARE PAID VIA A COMMON PAYMASTER AGREEMENT BETWEEN ABIM AND ABIM FOUNDATION. ABIM FOUNDATION PROVIDES A 100% REIMBURSEMENT OF WAGES, PAYROLL TAXES AND BENEFIT COSTS TO ABIM FOR EMPLOYEE TIME SPENT WORKING ON FOUNDATION ACTIVITIES. ABIM FILES ALL PAYROLL TAX RETURNS AND PAYS APPLICABLE TAXES WHEN DUE UNDER THEIR EIN 39-0866228.
FORM 990, PART VI, SECTION A, LINE 4THE FOUNDATION ADOPTED NEW BYLAWS. UNDER THE OLD BYLAWS, THE BOARD HAD TWELVE TRUSTEES CONSISTING OF: 1) THE PRESIDENT/CEO OF THE FOUNDATION, WITHOUT VOTE; 2) THE CHAIR OF THE AMERICAN BOARD OF INTERNAL MEDICINE (ABIM); 3) THE IMMEDIATE PAST CHAIR OF THE ABIM BOARD; 4) FOUR INDIVIDUALS NOMINATED BY ABIM AND ELECTED BY THE FOUNDATION BOARD WHO MUST BE AN ACTIVE OR RECENT (WITHIN SIX YEARS) EMERITUS DIRECTOR OF ABIM; AND 5) FIVE INDIVIDUALS ELECTED BY THE FOUNDATION BOARD. UNDER THE NEW BYLAWS, THE BOARD HAS TWELVE, FOURTEEN, OR SIXTEEN TRUSTEES CONSISTING OF: 1) THE PRESIDENT/CEO OF THE FOUNDATION, WHO IS ALSO THE PRESIDENT/CEO OF ABIM; 2) THE CHAIR OF ABIM; 3) THE IMMEDIATE PAST CHAIR OF ABIM; 4) FOUR / FIVE / SIX INDIVIDUALS APPOINTED BY ABIM, WHO MUST BE AN ACTIVE OR RECENT (WITHIN SIX YEARS) EMERITUS DIRECTOR OF ABIM ("ABIM DIRECTOR CANDIDATES"), OR AN ACTIVE OR RECENT (WITHIN SIX YEARS) MEMBER OF THE ABIM COUNCIL OR ONE OF THE ABIM SPECIALTY BOARDS, THREE / THREE / FOUR OF WHOM MUST BE ABIM DIRECTOR CANDIDATES; AND 5) FIVE / SIX / SEVEN INDIVIDUALS ELECTED BY THE FOUNDATION BOARD. IN ADDITION, THE NEW BYLAWS INCLUDE A PROVISION THAT REQUIRES THE FOUNDATION'S IMMEDIATE PAST CHAIR TO SERVE AS A VOTING EX OFFICIO, BUT THIS PERSON CAN ALSO SATISFY ONE OF THE POSITIONS IN NUMBER 4) OR 5) ABOVE; THE IMMEDIATE PAST CHAIR IS LIMITED TO A MAXIMUM OF TWO ONE-YEAR TERMS AND NOTES THAT THEIR TERM ENDS WHEN THE NEXT IMMEDIATE PAST CHAIR STARTS THEIR TERM.
FORM 990, PART VI, SECTION A, LINE 6THE AMERICAN BOARD OF INTERNAL MEDICINE (ABIM), A RELATED 501(C)(3) PUBLIC CHARITY, IS CONSIDERED A MEMBER OF THE FOUNDATION PER THE INTERNAL REVENUE SERVICE DEFINITION OF MEMBER.
FORM 990, PART VI, SECTION A, LINE 7ATHE PRESIDENT/CEO, CHAIR, AND IMMEDIATE PAST CHAIR OF ABIM ARE REQUIRED TO BE TRUSTEES OF THE FOUNDATION. (THE PRESIDENT/CEO OF ABIM IS ALSO THE PRESIDENT/CEO OF THE FOUNDATION.) EITHER, FOUR, FIVE, OR SIX OF THE FOUNDATION'S TRUSTEES ARE SELECTED BY ABIM, DEPENDING ON THE TOTAL NUMBER OF FOUNDATION TRUSTEES (TWELVE, FOURTEEN, OR SIXTEEN). THESE INDIVIDUALS MUST BE ACTIVE OR RECENT EMERITUS DIRECTORS OF ABIM, OR ACTIVE OR RECENT MEMBERS OF THE ABIM COUNCIL OR ONE OF THE ABIM SPECIALTY BOARDS. (FORMER DIRECTORS, COUNCIL MEMBERS AND MEMBERS OF SPECIALTY BOARDS MUST HAVE SERVED WITHIN SIX YEARS OF BEING APPOINTED AS A TRUSTEE OF THE FOUNDATION). ANY BOARD MEMBER ELECTED BY ABIM MAY BE REMOVED BY ABIM.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE FINANCE DEPARTMENT PROVIDES ALL INFORMATION AND REVIEWS THE FORM 990 PRIOR TO BOARD REVIEW. THE FORM 990 IS THEN MADE AVAILABLE TO THE ENTIRE GOVERNING BODY, VIA EMAIL, FOR COMMENTS AND QUESTIONS. ONCE ALL COMMENTS AND QUESTIONS HAVE BEEN ADDRESSED, THE FORM 990 IS APPROVED. THE CFO SIGNS THE FORM 990 AND COMMUNICATES TO THE BOARD OF DIRECTORS THAT THE FORM 990 HAS BEEN FILED.
FORM 990, PART VI, SECTION B, LINE 12CMEMBERS OF THE BOARD OF TRUSTEES AND COMMITTEES ARE EXPECTED TO HAVE THE MISSION OF THE FOUNDATION AS THEIR PRIMARY INTEREST WHEN CONTRIBUTING TO THE FOUNDATION'S WORK. A CONFLICT OF INTEREST MAY ARISE WHEN, DUE TO A COMPETING OUTSIDE INTEREST, A BOARD TRUSTEE OR COMMITTEE MEMBER HAS THE OPPORTUNITY TO INFLUENCE FOUNDATION ACTIVITY IN WAYS THAT COULD LEAD TO, OR APPEAR TO LEAD TO, PERSONAL OR INSTITUTIONAL GAIN OR ADVANTAGE. THE ABIM FOUNDATION CONFLICT OF INTEREST POLICY IS INTENDED TO MANAGE CONFLICTS THAT ARISE FROM COMPETING INTERESTS. INTERESTS THAT HAVE THE POTENTIAL TO BE IN CONFLICT WITH THE INTERESTS OF THE FOUNDATION INCLUDE EMPLOYMENT, CONSULTANCIES, AND ADVISORY POSITIONS TO PHARMACEUTICAL, MEDICAL SUPPLY, AND OTHER MEDICAL OR BIOTECHNOLOGY COMPANIES; PERSONAL INVESTMENTS IN SUCH COMPANIES; AND OTHER AFFILIATIONS (E.G., SERVICE AS A TRUSTEE, OFFICER, OR DIRECTOR) WITH MEDICAL ORGANIZATIONS. FOUNDATION ACTIVITIES WHICH COULD BE INAPPROPRIATELY INFLUENCED INCLUDE DECISIONS ON GRANT AWARDS, PROGRAMS AND POLICY DEVELOPMENT. IN ADDITION TO COMPLETING THE ANNUAL DISCLOSURE REQUIREMENTS, TRUSTEES, COMMITTEE MEMBERS, AND EXECUTIVE STAFF MEMBERS MUST DISCLOSE TO THE GOVERNANCE AND NOMINATING COMMITTEE ON AN ONGOING BASIS ALL MATERIAL FACTS CONCERNING ANY SITUATION THAT MIGHT BE VIEWED AS A CONFLICT. IN ORDER TO ENSURE IMPARTIAL DECISION MAKING, NO TRUSTEE, COMMITTEE MEMBER, OR EXECUTIVE STAFF MEMBER SHALL PARTICIPATE (OTHER THAN BY PROVIDING INFORMATION) IN ANY DELIBERATION OR DECISION IN WHICH HE OR SHE HAS A CONFLICT OF INTEREST. THE FINAL ARBITER OF WHETHER OR NOT A CONFLICT EXISTS IS THE GOVERNANCE AND NOMINATING COMMITTEE. ANY TRUSTEE, COMMITTEE MEMBER, OR EXECUTIVE STAFF MEMBER MAY REQUEST A REVIEW AND OPINION OF THAT COMMITTEE AT ANY TIME. THE FULL CONFLICT OF INTEREST POLICY CAN BE FOUND ON THE FOUNDATION WEBSITE HTTP://ABIMFOUNDATION.ORG/WHO-WE-ARE/TRUSTEES/CONFLICT-OF-INTEREST-POLICY.
FORM 990, PART VI, SECTION B, LINE 15THE ABIM FOUNDATION ENGAGES AN EXTERNAL COMPENSATION VENDOR TO CONDUCT AN ORGANIZATION-WIDE COMPENSATION REVIEW ROUGHLY EVERY THREE YEARS TO ASSURE COMPETITIVE BASE AND TOTAL COMPENSATION FOR ALL EMPLOYEES UP THROUGH AND INCLUDING VICE PRESIDENTS. EACH CYCLE, THE VENDOR: * REVIEWS ALL EXISTING JOB DESCRIPTIONS/DOCUMENTATION; * SPEAKS WITH KEY MANAGERS IN EACH FUNCTIONAL AREA; * RESEARCHES AND EXTRACTS PAY SURVEY DATA FOR SELECTED BENCHMARK JOB TYPES; AND, * ANALYZES SEVERAL PAY PRACTICE DATA SOURCES INCLUDING: VIEW OF COMMERCIAL SURVEY REPORTS (ECONOMIC RESEARCH INSTITUTE, SALARY.COM, PRM CONSULTING); * REVIEW OF 990S FOR NON-PROFIT ORGANIZATIONS WITH SIMILAR SIZES IN HEALTH CARE; AND * ASSESSMENT OF THE PAY PRACTICES OF OTHER NON-PROFIT AND FOR-PROFIT CLIENTS IN THE PHILADELPHIA LABOR MARKET. THE ABIM FOUNDATION MAINTAINS SALARIES IN LINE WITH DESIGNATED RANGES AND COMPETITIVE PAY PRACTICES. IN ADDITION, COMPENSATION OF OUR CEO IS REVIEWED EACH YEAR BY THE EXECUTIVE COMPENSATION COMMITTEE (ECC), AND THE ECC'S RECOMMENDATION ON CEO COMPENSATION NEEDS TO BE APPROVED BY THE BOARD OF TRUSTEES. OTHER EXECUTIVE-LEVEL STAFF IS SET AFTER RECOMMENDATION BY THE CEO AND THEN REVIEW AND APPROVAL BY THE EXECUTIVE COMPENSATION COMMITTEE. THE ECC DIRECTLY ENGAGES AN INDEPENDENT CONSULTANT TO PROVIDE DATA ON SALARIES FOR COMPARABLE EXECUTIVE POSITIONS IN COMPARABLE ORGANIZATIONS, UPDATED EVERY 2 YEARS, AND THIS COMPARATIVE DATA IS USED TO SET, REVIEW AND APPROVE ALL EXECUTIVE SALARIES. THE EXECUTIVE COMPENSATION COMMITTEE REPORTS EXECUTIVE COMPENSATION ANNUALLY TO THE FULL BOARD OF TRUSTEES. THE REVIEW AND APPROVAL OF CEO AND EXECUTIVE-LEVEL STAFF COMPENSATION IS DOCUMENTED IN THE MINUTES OF THE ECC.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1THE AMERICAN BOARD OF INTERNAL MEDICINEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1510 WALNUT STREET SUITE 1700AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19106ZIPCd
FieldValueIRS element (for citing)
EIN390866228EIN
Primary ActivitiesTO ENHANCE THE QUALITY OF HEALTH CARE IN INTERNAL MEDICINEPrimaryActivitiesTxt
Legal Domicile StateIALegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 10PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
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 OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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