AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH & EDUCATION F: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH & EDUCATION F (EIN 23-7304902)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-08
IRS object ID
201703129349303235
Schema version
2016v3.1
Source
Download XML · Original 990 at ProPublica

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

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Return2017-11-08T15:53:30-06:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

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Address Line1171 N CLARK ST SUITE 200AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd
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Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

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EIN237304902EIN

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Business Name Line1AMERICAN BOARD OF MEDICAL SPECIALTIESBusinessNameLine1Txt
Business Name Line2RESEARCH AND EDUCATION FOUNDATIONBusinessNameLine2Txt
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In Care Of% JENNIFER FRONEKInCareOfNm
Business Name ControlAMERBusinessNameControlTxt
Phone3124362600PhoneNum

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Tax2016TaxYr
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Form 990 IRS990

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Principal OfficerLOIS MARGARET NORA MDPrincipalOfficerNm

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Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
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Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionSUPPORT THE SCIENTIFIC, SCHOLARLY AND EDUCATION PURPOSES OF THE AMERICAN BOARD OF MEDICAL SPECIALTIES.ActivityOrMissionDesc
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Total Liabilities EOY$824,795TotalLiabilitiesEOYAmt
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Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHROUGH ITS ACTIVITIES, THE FOUNDATION SUPPORTS THE SCIENTIFIC, SCHOLARLY AND PUBLIC EDUCATION PURPOSES OF THE AMERICAN BOARD OF MEDICAL SPECIALTIES (1) BY ENCOURAGING AND CONDUCTING RESEARCH TO IMPROVE THE CAPACITY TO MEASURE, ASSESS, AND EVALUATE THE EDUCATIONAL, SCIENTIFIC, CLINICAL AND PROFESSIONAL QUALIFICATIONS AND PERFORMANCE OF PHYSICIANS ENGAGED IN THE PRACTICE OF MEDICAL SPECIALTIES: (2) BY CONDUCTING EDUCATIONAL PROGRAMS AND DISSEMINATING INFORMATION TO THE PUBLIC TO ASSIST ITS RECOGNITION, EVALUATION AND UNDERSTANDING OF THE SIGNIFICANCE AND IMPORTANCE OF INITIAL CERTIFICATION, OF SUB CERTIFICATION AND OF MAINTENANCE OF CERTIFICATION OF PHYSICIANS ENGAGED IN THE PRACTICE OF MEDICAL SPECIALTIES: (3) BY FOSTERING NATIONAL AND INTERNATIONAL COOPERATION AND THE EXCHANGE OF INFORMATION RELATED TO INITIAL CERTIFICATION AND MAINTENANCE OF CERTIFICATION AND PHYSICIAN CONTINUING PROFESSIONAL DEVELOPMENT.MissionDesc
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Grant$0GrantAmt
Revenue$0RevenueAmt
DescABMS REF is responsible for the ABMS Visiting Scholars program, a leadership development program for early career physicians. 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. Scholars conduct research in collaboration with mentors from their institution, ABMS, and ABMS Member Boards. Through the research and program engagement, scholars help inform the study of continuing professional development, physician self-regulation and quality improvement.Desc

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DescThe American Board of Medical Specialties Research and Education Foundation (ABMS REF) helps to synergize, guide, convene, facilitate, conduct and collaborate on research on and about ABMS initial and continuing certification across 24 certifying Member Boards. ABMS REF also partners with other researchers in quality and performance improvement, patient safety, adult learning and education, and other disciplines.Desc

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DescABMS REF conducts program evaluation and research on the ABMS CertLink longitudinal internet-based program to assess physician knowledge, judgment and skills.Desc
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Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
LIANA PUSCAS MD
CHAIR1.00.0Yes (X)Yes (X)$0$0$0
CARLA M PUGH MD PHD
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EVE KURTIN PHARMD
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JOHN R BOULET PHD
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PAMELA J BOYERS PHD
MEMBER1.01.0Yes (X)$0$0$0
LARRY A GREEN MD
MEMBER1.01.0Yes (X)$0$0$0
BENSON S MUNGER PHD
MEMBER1.00.0Yes (X)$0$0$0
MARY E POST MBA CAE
MEMBER1.00.0Yes (X)$0$0$0
FATEMA F ZANZI JD
MEMBER1.00.0Yes (X)$0$0$0
JOHN C MOORHEAD MD
EX-OFFICIO MEMBER1.04.0Yes (X)Yes (X)$5,000$20,000$0
VALERIE M PARISI MD
EX-OFFICIO MEMBER1.04.0Yes (X)Yes (X)$3,125$12,500$0
LOIS MARGARET NORA MD
PRESIDENT/EX-OFFICIO MEMBER2.048.0Yes (X)Yes (X)$29,831$715,942$55,934
DAVID W PRICE MD
SNR VP/EX-OFFICIO MEMBER23.027.0Yes (X)Yes (X)$147,695$173,382$36,374
STEVEN J DURNING MD
MEMBER(THRU 6/30/16)1.00.0Yes (X)$0$0$0
CATHERINE A MARCO MD
MEMBER (THRU 6/30/16)1.00.0Yes (X)$0$0$0
THOMAS E NORRIS MD
MEMBER (THRU 6/30/16)1.01.0Yes (X)$0$0$0
LAURA SKARNULIS
COO2.048.0Yes (X)$13,637$327,282$60,630
JENNIFER FRONEK
VP OF FINANCE2.048.0Yes (X)$7,431$178,347$23,638
JOHN MANDELBAUM
CHIEF LEGAL OFFICER2.048.0$10,192$244,610$58,321Yes (X)
KATHLEEN RUFF
CHIEF OF STAFF2.048.0$11,567$277,606$35,620Yes (X)
RICHARD WATERS
VP MARKETING & COMMUNICATIONS2.048.0$8,296$199,102$18,172Yes (X)
JENNIFER MICHAEL
CHIEF INFORMATION OFFICER2.048.0$8,337$200,100$50,773Yes (X)
KATHLEEN HOLTZMAN
VP STRATEGIC IMPLEMENTATION1.049.0$3,419$167,516$38,350Yes (X)
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Tot Reportable Comp Rltd Org$2,516,387TotReportableCompRltdOrgAmt
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FieldValueIRS element (for citing)
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Interest InterestGrp

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Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
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Insurance InsuranceGrp

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Total Functional Expenses TotalFunctionalExpensesGrp

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EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

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

Other Assets Total OtherAssetsTotalGrp

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

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$187,427BOYAmt
EOY$289,350EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

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

Grants Payable GrantsPayableGrp

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

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$103,776EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

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

Escrow Account Liability EscrowAccountLiabilityGrp

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

Loans From Officers Directors LoansFromOfficersDirectorsGrp

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

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

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

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

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

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,479,574BOYAmt
EOY$721,019EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,479,574BOYAmt
EOY$824,795EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$1,292,147BOYAmt
EOY-$535,445EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

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

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

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

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$1,292,147BOYAmt
EOY-$535,445EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$187,427BOYAmt
EOY$289,350EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$742,176ReconcilationRevenueExpnssAmt
Donated Services And Use Fclts$14,526DonatedServicesAndUseFcltsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

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

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
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 (true)GoverningDocumentListedInd
Support$0SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (true)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationfalseSuprtOrgNoIRSDeterminationInd
Supported Org Section C456Yes (true)SupportedOrgSectionC456Ind
Supported Org QualifiedYes (true)SupportedOrgQualifiedInd
Suprt Exclusively Sec170c2 BYes (true)SuprtExclusivelySec170c2BInd
Supported Org Not Organized USfalseSupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgfalseOrganizationChangeSuprtOrgInd
Support Non Supported OrgfalseSupportNonSupportedOrgInd
Payment Substantial ContribtrfalsePaymentSubstantialContribtrInd
Loan Disqualified PersonfalseLoanDisqualifiedPersonInd
Controlled Disqualified PrsnfalseControlledDisqualifiedPrsnInd
Disqualified Prsn Controll IntfalseDisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr IntfalseDisqualifiedPrsnOwnrIntInd
Excess Business Holdings RulesfalseExcessBusinessHoldingsRulesInd
Contribution ControllerfalseContributionControllerInd
Contribution FamilyfalseContributionFamilyInd
Contribution35 ControlledfalseContribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

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

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part IV, Section A, Line 3bTHE ABMS-REF CONFIRMED THAT THE SUPPORTED ORGANIZATION, AMERICAN BOARD OF MEDICAL SPECIALTIES, IS A 501(C)(6) TAX EXEMPT ORGANIZATION BY REVIEWING THEIR IRS DETERMINATION LETTER AND ALSO ANNUALLY COMPLETING A PRO FORMA SCHEDULE A, PART III TEST TO CONFIRM THAT ABMS SATISFIES THE PUBLIC SUPPORT TESTS UNDER SECTION 509(A)(2).
Part IV, Section A, Line 3cSUPPORT USED EXCLUSIVELY FOR CHARITABLE PURPOSES ABMS-REF REIMBURSES THE SUPPORTED ORGANIZATION ABMS FOR TRAVEL EXPENSES INCURRED IN CONJUNCTION WITH ABMS-REF ACTIVITIES. ABMS-REF PERFORMS AND CONTROLS ALL RESEARCH AND OTHER ACTIVITIES WHICH ARE CONDUCTED ON BEHALF OF ABMS.

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

FieldValueIRS element (for citing)
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp
CY Minus3 Yr Endwmt FundCYMinus3YrEndwmtFundGrp
CY Minus4 Yr Endwmt FundCYMinus4YrEndwmtFundGrp
LandLandGrp
BuildingsBuildingsGrp
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$7,374OtherCostOrOtherBasisAmt
Depreciation$7,374DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Other Land BuildingsOtherLandBuildingsGrp
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO ABMSDesc
Amt$721,019Amt
FieldValueIRS element (for citing)
Total Liability$721,019TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceFIN 48 FOOTNOTEFormAndLineReferenceDesc
ExplanationSCHEDULE D, PART X, LINE 2 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 from income taxes pertaining to unrelated business income. ABMS-REF is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.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 (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 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
LOIS MARGARET NORA MD
PRESIDENT/EX-OFFICIO MEMBER$27,831$667,942$2,000$48,000$0$0$1,508$36,181$730$17,515$32,069$769,638$0$0
DAVID W PRICE MD
SNR VP/EX-OFFICIO MEMBER$126,696$148,731$9,499$11,151$11,500$13,500$16,103$18,903$629$739$164,427$193,024$0$0
LAURA SKARNULIS
COO$12,363$296,706$1,274$30,576$0$0$1,400$33,600$1,026$24,604$16,063$385,486$0$0
JENNIFER FRONEK
VP OF FINANCE$7,171$172,107$260$6,240$0$0$565$13,552$381$9,140$8,377$201,039$0$0
KATHLEEN RUFF
CHIEF OF STAFF$9,585$230,038$982$23,568$1,000$24,000$1,380$33,112$45$1,083$12,992$311,801$0$0
JOHN MANDELBAUM
CHIEF LEGAL OFFICER$9,210$221,049$982$23,561$0$0$1,400$33,599$933$22,389$12,525$300,598$0$0
RICHARD WATERS
VP MARKETING & COMMUNICATIONS$7,984$191,614$312$7,488$0$0$623$14,946$104$2,499$9,023$216,547$0$0
JENNIFER MICHAEL
CHIEF INFORMATION OFFICER$7,847$188,340$490$11,760$0$0$665$15,962$1,366$32,780$10,368$248,842$0$0
KATHLEEN HOLTZMAN
VP STRATEGIC IMPLEMENTATION$3,293$161,342$126$6,174$0$0$265$12,987$502$24,596$4,186$205,099$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
First-class or charter travelSCHEDULE J, Part I, Line 1A PER THE TERMS OF THE PRESIDENT EMPLOYMENT CONTRACT, THE PRESIDENT IS ENTITLED TO FLY FIRST CLASS FOR ORGANIZATION-RELATED BUSINESS ON FLIGHTS THAT ARE THREE HOURS IN DURATION OR LONGER. THIS IS NOT TAXABLE AS COMPENSATION.
HEALTH OR SOCIAL CLUB DUESSCHEDULE J, PART I, LINE 1A ABMS-REF OFFERS ALL EMPLOYEES LOCATED IN THE CHICAGO OFFICE HEALTH CLUB SUBSIDIES WHICH ARE NOT REPORTED AS TAXABLE COMPENSATION TO THE RECIPIENT EMPLOYEES. DISCRETIONARY SPENDING SCHEDULE J, PART I, LINE 1A Per the terms of their offer letters, one officer and one highly compensated employee receive travel allowances. The travel allowances are taxable to them as compensation. Any excess after accounting for their expenses will be returned within a reasonable time.
Non-Fixed PaymentsSchedule J, Part I, Line 7 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 GENERALLY STIPULATE THAT ELIGIBILITY FOR THE ORGANIZATION DISCRETIONARY ANNUAL BONUS IS TO BE BASED UPON ORGANIZATION PERFORMANCE, MEETING BONUS ELIGIBILITY REQUIREMENTS AND THE DISCRETION OF THE PRESIDENT & CEO.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
OTHER PROGRAM SERVICESFORM 990, PART III, LINE 4D ABMS 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 assists researchers, informs key stakeholders of research results, and informs the ABMS Member Boards about findings that can be used to improve the certification process.
INDEPENDENT VOTING MEMBERSFORM 990, PART VI, SECTION A, LINE 1 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, THE ABMS, AN ILLINOIS, NOT-FOR-PROFIT CORPORATION, EXEMPT FROM FEDERAL TAXATION UNDER IRC SECTION 501(C)(6). THE SOLE MEMBER'S "RESERVED POWERS" ARE SET FORTH IN SECTION 2.01 TO 2.04 OF THE BYLAWS OF THE ABMS-REF DATED OCTOBER 23, 2015 AND ARE AS FOLLOWS: SECTION 2.01 MEMBERSHIP. THE FOUNDATION 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"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. INASMUCH 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 OBLIGATIONS OF THE FOUNDATION.
Members or stockholdersFORM 990, PART VI, SECTION A, LINE 6 THE SOLE VOTING MEMBER OF THE ABMS-REF IS THE ABMS WHICH ACTS THROUGH ITS BOARD OF DIRECTORS PER THE BYLAWS.
Member or Stockholders who may electFORM 990, PART VI, SECTION A, LINE 7A AND 7B ELECTION OF OFFICERS WILL BE HELD AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS. ABMS, AN ILLINOIS NON-FOR-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SEC. 501(C)(6), IS THE SOLE CORPORATE MEMBER OF THE ORGANIZATION AND, BY POSSESSION OF ITS RESERVED POWERS, MEETS THE DEFINITION OF MAJORITY PARENTAL CONTROL UNDER THE FORM 990 INSTRUCTIONS. THE ABMS, AMONG ITS OTHER POWERS, ELECTS THE ENTIRE BOARD OF DIRECTORS FOR THE ABMS-REF.
Form 990 review processFORM 990, PART VI, SECTION B, LINE 11 THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ABMS-REF FORM 990. THE INDEPENDENT CPA FIRM PRESENTS THE FORM 990 TO MANAGEMENT AND THE FINANCE AND AUDIT COMMITTEE AND THE FINANCE AND AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990. THE FINANCE AND AUDIT COMMITTEE THEN PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY. THE FORM 990 IS ALSO REVIEWED BY THE EXECUTIVE COMMITTEE OF THE ABMS BOARD OF DIRECTORS BEFORE IT IS FILED.
written conflict of interest policyFORM 990, PART VI, SECTION B, LINE 12C 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 MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AND DUALITIES. THE MINUTES OF THE BOARD AND OF ALL BOARD COMMITTEES SHALL CONTAIN: THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POTENTIAL CONFLICT OR DUALITY OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OR DUALITY OF INTEREST WAS PRESENT, AND THE BOARD'S OR COMMITTEE'S DETERMINATION AS TO WHETHER A CONFLICT OR DUALITY OR INTEREST IN FACT EXISTED.
Process for Determining CompensationForm 990, Part VI, Line 15A FOR THE ABMS PRESIDENT AND CHIEF EXECUTIVE OFFICER'S COMPENSATION 1 COMPARABILITY DATA FROM SIMILAR NOT FOR PROFIT HEALTHCARE ORGANIZATIONS AND INSTITUTIONS IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. 2 AN OUTSIDE COMPENSATION CONSULTING FIRM WILL PERIODICALLY ADVISE THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REGARDING APPROPRIATE COMPENSATION AND BENEFITS FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. 3 MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, WHO ARE INDEPENDENT, SET THE COMPENSATION FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. FOR KEY EMPLOYEES COMPENSATION FOR KEY EMPLOYEES OF ABMS IS SET BY THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. WHEN SETTING COMPENSATION, THE PRESIDENT AND CHIEF EXECUTIVE OFFICER TAKES INTO ACCOUNT COMPARABILITY DATA REGARDING COMPENSATION AS WELL AS THE PERIODIC ADVICE OF AN OUTSIDE COMPENSATION CONSULTING FIRM.
Governing Documents Made Available to PublicForm 990, Part VI, Section C, Line 19 Certain governing documents are available through applicable government agencies; the conflict of interest policy is available upon written request to the organization. Financial filings are available via government agencies.
Related Organization CompensationFORM 990, PART VII 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, THE AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH AND EDUCATION FOUNDATION (REF) AND THE MULTI-SPECIALTY PORTFOLIO APPROVAL PROGRAM ORGANIZATION (MSPAPO). ABMS IS REIMBURSED BY THE REF AND THE MSPAPO.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
AMERICAN BOARD OF MEDICAL SPECIALTIES
353 N CLARK ST SUITE 1400CHICAGOIL60654410847713CERTIFICATIONIL501(C)(6)N/Anafalse
MULTI-SPECIALTY PORTFOLIO APPROVAL PRGM
353 N CLARK ST SUITE 1400CHICAGOIL60654465431221QI PROGRAMSIL501(C)(3)10ABMSYes (true)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (true)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (true)LoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
AMERICAN BOARD OF MEDICAL SPECIALTIES
C$1,392,000FMV
AMERICAN BOARD OF MEDICAL SPECIALTIES
E$721,019FMV
AMERICAN BOARD OF MEDICAL SPECIALTIES
N$154,736FMV
AMERICAN BOARD OF MEDICAL SPECIALTIES
O$506,173FMV

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