2020-06-17T13:11:45-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2018-07-01 232585181 ABIM FOUNDATION ABIM 2154463500 510 WALNUT STREET NO 1700 PHILADELPHIA PA 191063699 VINCENT MANDES SENIOR VICE PRESIDENT/CFO 2154463500 2020-06-05 1 VICKI RAIVITCH CPA P02060731 2156433900 2020-06-05 67.137.57.251 2020-06-05 09:31:29 ED P 79785B13D078E4AA35DF2283D3B31463F826469C F4BDDEB180AEA715529C459848FD2644064467CF 2018 2021-01-29 14:40:06Z RICHARD J BARON 510 WALNUT STREET NO 1700 PHILADELPHIA PA 191063699 6189151 0 X WWW.ABIMFOUNDATION.ORG X 1989 PA SEE 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. 13 2 8 2 -38588 -38588 689237 15813 0 0 6344908 1451924 24885 35340 7059030 1503077 4527378 1958449 0 0 1751432 1988661 0 0 0 1048892 766764 7327702 4713874 -268672 -3210797 72597681 70973325 1244382 1004553 71353299 69968772 X SEE 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. 0 0 4713874 1958449 31477 OUR 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. 4713874 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 59 0 8 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 2 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X VINCENT MANDES 2154463500 510 WALNUT STREET SUITE 1700 PHILADELPHIA PA 191063699 CLARENCE H BRADDOCK III MD BOT 5.00 0.00 X 8500 0 0 FREDERICK CERISE MD MPH BOT 5.00 0.00 X 10000 0 0 DAVID L COLEMAN MD BOT 5.00 5.00 X 4250 13500 0 PATRICIA M CONOLLY MD BOT 5.00 7.00 X 8500 49500 0 MARIANNE M GREEN MD BOT 5.00 5.00 X 0 23000 0 SHARON A LEVINE MD BOT 5.00 0.00 X 11500 4000 0 GREGORY P POULSEN MBA BOT 5.00 0.00 X 0 0 0 ANITA SAMARTH BOT 5.00 0.00 X 10000 0 0 ANTONIA M VILLARRUEL PHD RN BOT 5.00 0.00 X 8500 0 0 ELIZABETH A MCGLYNN PHD IMMEDIATE PAST CHAIR 5.00 0.00 X X 0 0 0 CHRISTINE A SINSKY MD CHAIR 5.00 0.00 X X 16500 0 0 JACKIE JUDD VICE CHAIR 5.00 0.00 X X 8500 0 0 DAVID B REUBEN MD SECRETARY-TREASURER 5.00 0.00 X X 10000 0 0 RICHARD J BARON PRESIDENT 8.00 32.00 X 257981 1031924 135710 VINCENT MANDES SENIOR VICE PRESIDENT/CFO 4.00 36.00 X 39357 354215 44737 DANIEL WOLFSON EXECUTIVE VICE PRESIDENT/COO 40.00 0.00 X 442337 0 66341 TIMOTHY LYNCH SR. DIRECTOR, FOUNDATION PROGRAMS 40.00 0.00 X 160439 0 48577 WANDA ODOM DIRECTOR, FOUNDATION COMMUNICATIONS 40.00 0.00 X 115304 0 4050 1111668 1476139 299415 4 0 1 0 0 15813 15813 1935438 -38588 1974026 3863 3863 4202560 4686074 -483514 -483514 -483514 HONORARIA 900099 31477 31477 31477 1503077 31477 -38588 1494375 1958449 1958449 1062445 1062445 664074 664074 67954 67954 113445 113445 80743 80743 89273 89273 6559 6559 13999 13999 67369 67369 30687 30687 5238 5238 116286 116286 114022 114022 306012 306012 17319 17319 4713874 4713874 0 0 1504439 1753448 1028534 3001 507431 266498 21952 26953 181846 42087 24011 24011 0 0 35867236 35331991 33486243 33549347 72597681 70973325 1242165 936006 2217 68547 1244382 1004553 X 70845868 69702274 507431 266498 71353299 69968772 72597681 70973325 -3210797 1826270 0 X 0 1 X 1 0 X X X 1 THE AMERICAN BOARD OF INTERNAL MEDICINE 390866228 10 1 1742625 0 1 1742625 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 FORM 990, SCHEDULE A, PART IV, SECTION A, LINE 6: THE 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 SUPPORT RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24011 24011 0 0 TIFF KEYSTONE FUND, LLP 33549347 F 33549347 DUE TO AMERICAN BOARD OF INTERNAL MEDICINE 68547 68547 X 3329347 1826270 1826270 1503077 0 1503077 4713874 0 4713874 0 4713874 PART X, LINE 2: THE 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. 1 THE AMERICAN BOARD OF INTERNAL MEDICINE 510 WALNUT STREET SUITE 1700 PHILADELPHIA PA 19106 390866228 501(C)(3) 1742625 PROGRAM/PRODUCT MODERNIZATION AND ENHANCEMENT THE UNIVERSITY OF TEXAS AT AUSTIN 3925 WEST BREAKER LANE BLDG 159 SUITE 311072 AUSTIN TX 78759 746000203 501(C)(6) 35000 CHOOSING WISELY STARS/DELL MEDICAL SCHOOL ACADEMY HEALTH 1666 K STREET SW STE 1100 WASHINGTON DC 20006 521260918 501(C)(3) 60000 ACADEMY HEALTH - LOW VALUE CARE PROVIDENCE TRINITYCARE HOSPICE FOUNDATION 5315 TORRANCE BLVD SUITE B-1 TORRANCE CA 90503 330261016 501(C)(3) 10000 OPERATING SUPPORT 3 1 PART I, LINE 2: GRANTS 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. X X X X X X 0 0 0 0 0 0 0 1 0 RICHARD J BARON PRESIDENT 130034 520136 30732 122929 97215 388859 24920 99681 2221 8888 285122 1140493 60454 241816 VINCENT MANDES SENIOR VICE PRESIDENT/CFO 27729 249569 6205 55850 5423 48796 4409 39680 65 583 43831 394478 0 0 DANIEL WOLFSON EXECUTIVE VICE PRESIDENT/COO 316419 0 70245 0 55673 0 44089 0 22252 0 508678 0 0 0 TIMOTHY LYNCH SR. DIRECTOR, FOUNDATION PROGRAMS 144133 0 0 0 16306 0 23157 0 25420 0 209016 0 0 0 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. 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 4 THE 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 6 THE 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 7A THE 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 11B THE 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 12C MEMBERS 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 15 THE 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 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE AMERICAN BOARD OF INTERNAL MEDICINE 510 WALNUT STREET SUITE 1700 PHILADELPHIA PA 19106 390866228 TO ENHANCE THE QUALITY OF HEALTH CARE IN INTERNAL MEDICINE IA 501(C)(3) LINE 10 N/A 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0