AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH & EDUCATION F: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH & EDUCATION F (EIN 23-7304902)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-09
- IRS object ID
- 201613149349300836
- Schema version
- 2015v2.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-11-09T14:55:44-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381357951 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 S Riverside Plaza 9th Floor | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237304902 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERICAN BOARD OF MEDICAL SPECIALTIES | BusinessNameLine1Txt |
| Business Name Line2 | RESEARCH AND EDUCATION FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | AMER | BusinessNameControlTxt |
| Phone | 3124362600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 353 NORTH CLARK STREET No 1400 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60654 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOIS MARGARET NORA MD JD MBA | PersonNm |
| Person Title | PRESIDENT AND CEO | PersonTitleTxt |
| Phone | 3124362600 | PhoneNum |
| Signature | 2016-10-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Lu Ann Trapp | PreparerPersonNm |
| PTIN | P01506476 | PTIN |
| Phone | 3122071040 | PhoneNum |
| Preparation | 2016-10-31 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | LOIS MARGARET NORA MD J | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 353 NORTH CLARK STREET No 1400 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60654 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $65,871 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1973 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O EXPLANATIONThe ABMS-REF INITIATES OR PARTNERS WITH ACADEMIC, HEALTHCARE, FOUNDATION AND GOVERNMENT Entities to explore the current quality of healthcare and to develop ways to improve it through excellence in clinical medicine, continuing education and research.EducationConducting and facilitating education initiatives regarding the impact of physician certification and maintenance of certification (MOC) for the public, the profession and other stakeholders. Outreach through conferences, publications, guest speakers, and webinars. Content for articles, research and publications. Education and development of young physicians in health policy, research, quality improvement, and other areas related to physidcian leadership, certification, and self-governance of the profession. ResearchIdentify reliable, valid and cost effective tools for assessing knowledge and practice of physician specialists, including research programs or services under grants. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,338,000 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $384,742 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $60,871 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,722,742 | PYTotalRevenueAmt |
| CY Total Revenue | $65,871 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $411,747 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $667,777 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $645,834 | PYOtherExpensesAmt |
| CY Other Expenses | $116,597 | CYOtherExpensesAmt |
| PY Total Expenses | $1,057,581 | PYTotalExpensesAmt |
| CY Total Expenses | $784,374 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $665,161 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$718,503 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $203,925 | TotalAssetsBOYAmt |
| Total Assets EOY | $187,427 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $777,569 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,479,574 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$573,644 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$1,292,147 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | The mission of the foundation shall be to support 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 |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $545,609 | ExpenseAmt |
| Revenue | $5,500 | RevenueAmt |
| Desc | The American Board of Medical Specialties Research and Education Foundation worked on development of resources and programs to benefit the health care community. This included further developing a research database providing resources on Maintenance of certification, Board Certification, quality improvement, and continuing medical education; and continuing development and implementation of a Visiting Scholars Program to provide grants (as well as ongoing mentorship and support) to those working on research projects in the early stages of their medical careers. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,721 | ExpenseAmt |
| Desc | NETWORK FOR REGIONAL HEALTHCARE IMPROVEMENT: THE AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH AND EDUCATION FOUNDATION ENTERED INTO AN AGREEMENT WITH THE NETWORK FOR REGIONAL HEALTHCARE IMPROVEMENT, A NATIONAL ORGANIZATION REPRESENTING HEALTHCARE COLLABORATIVES AIMING TO IMPROVE AND TRANSFORM HEALTHCARE, TO PROVIDE LEADERSHIP FOR QI ACTIVITIES IN THEIR NETWORKS, SUPPORTED BY THE CENTERS FOR MEDICARE AND MEDICAID SERVICES. THE PURPOSE OF THIS INITIATIVE IS TO ESTABLISH A HIGH-VALUE CARE LEARNING PROGRAM TO ENGAGE CLINICIANS, IMPROVE QUALITY, AND SPEND RESOURCES WISELY. IN 2015, THE FOCUS WAS ON PARTICIPATING IN WORKGROUPS, DISCUSSIONS, PLANNING, AND DEVELOPING QUALITY IMPROVEMENT ACTIVITIES RELATED TO MOC CREDIT FOR PHYSICIANS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $42,126 | ExpenseAmt |
| Revenue | $55,371 | RevenueAmt |
| Desc | 1) CMS Episode Grouper through Brandeis University; The American Board of Medical Specialties Research and Education Foundation participated in contracts to: assist in a build-out of the full episode grouper system for use in implementing value based purchasing for the Medicare population. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $591,456 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (1) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jennifer Fronek | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3124362694 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 353 NORTH CLARK STREET STE 1400 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60654 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| Liana Puscas MD | |||||||||
| Chair | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Carla M Pugh MD PhD | |||||||||
| Chair Elect | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Eve Kurtin PharmD MBA | |||||||||
| Secretary-Treasurer | 1.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| John R Boulet PhD | |||||||||
| Member | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Steven J Durning MD PhD | |||||||||
| Member | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Larry A Green MD | |||||||||
| Member | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Catherine A Marco MD | |||||||||
| Member | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Benson S Munger PhD | |||||||||
| Member | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Thomas E Norris MD | |||||||||
| Member | 1.00 | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| Mary E Post MBA CAE | |||||||||
| Member | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Fatema F Zanzi JD | |||||||||
| Member | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Valerie M Parisi MD MPH MBA | |||||||||
| Ex-Officio Member | 1.00 | 4.00 | Yes (X) | $0 | $12,500 | $0 | |||
| Lois Margaret Nora MD JD MBA | |||||||||
| President and Ex-Officio Member | 2.00 | 48.00 | Yes (X) | Yes (X) | $0 | $727,960 | $46,094 | ||
| David W Price MD | |||||||||
| Snr VP(9 months)/Ex-officio member | 23.00 | 27.00 | Yes (X) | Yes (X) | $0 | $230,988 | $30,991 | ||
| Laura Skarnulis | |||||||||
| COO | 2.00 | 48.00 | Yes (X) | $0 | $314,771 | $50,435 | |||
| Yolanda Daniel | |||||||||
| Prior CFO (6 months) | 2.00 | 48.00 | Yes (X) | $0 | $160,160 | $7,446 | |||
| Jennifer Fronek | |||||||||
| VP of Finance (3 months) | 2.00 | 48.00 | Yes (X) | $0 | $40,488 | $6,798 | |||
| Mira Irons | |||||||||
| SVP Academic Affairs | 2.00 | 48.00 | $0 | $335,183 | $42,623 | Yes (X) | |||
| Kathleen Ruff | |||||||||
| Chief of Staff | 2.00 | 48.00 | $0 | $281,510 | $35,769 | Yes (X) | |||
| John Mandelbaum | |||||||||
| Chief Legal Officer | 2.00 | 48.00 | $0 | $247,630 | $46,090 | Yes (X) | |||
| Thomas Granatir | |||||||||
| SVP Policy & Ext. Relations | 2.00 | 48.00 | $0 | $234,846 | $45,028 | Yes (X) | |||
| David Swanson | |||||||||
| VP Academic Programs And Services | 2.00 | 48.00 | $0 | $292,683 | $29,678 | Yes (X) | |||
| Richard Waters | |||||||||
| VP Marketing & Communications | 2.00 | 48.00 | $0 | $197,000 | $15,451 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $3,075,719 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $356,403 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $5,000 | AllOtherContributionsAmt |
| Total Contributions | $5,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | research & Education c | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $60,871 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $60,871 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $60,871 | TotalProgramServiceRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $65,871 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $60,871 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $548,387 | TotalAmt |
| Program Services | $434,919 | ProgramServicesAmt |
| Management And General | $113,468 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,281 | TotalAmt |
| Program Services | $13,281 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,883 | TotalAmt |
| Program Services | $36,214 | ProgramServicesAmt |
| Management And General | $27,669 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,226 | TotalAmt |
| Program Services | $33,827 | ProgramServicesAmt |
| Management And General | $8,399 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,070 | TotalAmt |
| Program Services | $70 | ProgramServicesAmt |
| Management And General | $3,000 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,556 | TotalAmt |
| Program Services | $1,440 | ProgramServicesAmt |
| Management And General | $2,116 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$49,864 | TotalAmt |
| Program Services | -$47,192 | ProgramServicesAmt |
| Management And General | -$2,672 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,827 | TotalAmt |
| Management And General | $5,827 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,194 | TotalAmt |
| Program Services | $7,429 | ProgramServicesAmt |
| Management And General | $4,765 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,053 | TotalAmt |
| Program Services | $13,172 | ProgramServicesAmt |
| Management And General | $3,881 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,023 | TotalAmt |
| Program Services | $49,773 | ProgramServicesAmt |
| Management And General | $14,250 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,588 | TotalAmt |
| Program Services | $3,170 | ProgramServicesAmt |
| Management And General | $1,418 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,367 | TotalAmt |
| Program Services | $20,642 | ProgramServicesAmt |
| Management And General | $3,725 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,669 | TotalAmt |
| Program Services | $14,515 | ProgramServicesAmt |
| Management And General | $4,154 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,114 | TotalAmt |
| Program Services | $10,196 | ProgramServicesAmt |
| Management And General | $2,918 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $784,374 | TotalAmt |
| Program Services | $591,456 | ProgramServicesAmt |
| Management And General | $192,918 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $119,893 | BOYAmt |
| EOY | $131,309 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,032 | BOYAmt |
| EOY | $56,118 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,374 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,374 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $203,925 | BOYAmt |
| EOY | $187,427 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $777,569 | BOYAmt |
| EOY | $1,479,574 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $777,569 | BOYAmt |
| EOY | $1,479,574 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$573,644 | BOYAmt |
| EOY | -$1,292,147 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$573,644 | BOYAmt |
| EOY | -$1,292,147 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $203,925 | BOYAmt |
| EOY | $187,427 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$718,503 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | abms | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410847713 | EIN |
| Organization Type | 9 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $0 | SupportAmt |
| Other Support | $784,374 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $784,374 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | Yes (1) | SupportedOrgSectionC456Ind |
| Supported Org Qualified | Yes (1) | SupportedOrgQualifiedInd |
| Suprt Exclusively Sec170c2 B | Yes (1) | SuprtExclusivelySec170c2BInd |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (1) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | 0 | OperateBenefitNonSuprtOrgInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV, Section A, Line 3b: | ABMS-REF confirmed that the supported organization, ABMS, 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 3c: | No funds are paid directly to the supported organization ABMS. ABMS-REF performs and controls all research and other activities which are conducted on behalf of the supported organization, ABMS. |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,374 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,374 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Due to ABMS | Desc |
| Amt | $1,479,574 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,479,574 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | Accounting guidance requires tax effects from uncertain tax positions to be recognized in the consolidated financial statements only if the position is more likely than not to be sustained if the position was to be challenged by a taxing authority. Management has determined that there are no material uncertain tax positions that require recognition in the consolidated financial statements. 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lois Margaret Nora MD JD MBA | ||||||||||||||
| President and Ex-Officio Member | $0 | $677,960 | $0 | $50,000 | $0 | $0 | $0 | $35,001 | $0 | $11,093 | $0 | $774,054 | $0 | $0 |
| David W Price MD | ||||||||||||||
| Snr VP(9 months)/Ex-officio member | $0 | $192,600 | $0 | $20,680 | $0 | $17,708 | $0 | $30,561 | $0 | $430 | $0 | $261,979 | $0 | $0 |
| Laura Skarnulis | ||||||||||||||
| COO | $0 | $285,411 | $0 | $29,360 | $0 | $0 | $0 | $35,001 | $0 | $15,434 | $0 | $365,206 | $0 | $0 |
| Yolanda Daniel | ||||||||||||||
| Prior CFO (6 months) | $0 | $95,872 | $0 | $0 | $0 | $64,288 | $0 | $2,991 | $0 | $4,455 | $0 | $167,606 | $0 | $0 |
| Mira Irons | ||||||||||||||
| SVP Academic Affairs | $0 | $317,123 | $0 | $18,060 | $0 | $0 | $0 | $35,000 | $0 | $7,623 | $0 | $377,806 | $0 | $0 |
| Kathleen Ruff | ||||||||||||||
| Chief of Staff | $0 | $232,300 | $0 | $24,210 | $0 | $25,000 | $0 | $35,001 | $0 | $768 | $0 | $317,279 | $0 | $0 |
| John Mandelbaum | ||||||||||||||
| Chief Legal Officer | $0 | $226,380 | $0 | $21,250 | $0 | $0 | $0 | $34,003 | $0 | $12,087 | $0 | $293,720 | $0 | $0 |
| Thomas Granatir | ||||||||||||||
| SVP Policy & Ext. Relations | $0 | $214,396 | $0 | $20,450 | $0 | $0 | $0 | $32,341 | $0 | $12,687 | $0 | $279,874 | $0 | $0 |
| David Swanson | ||||||||||||||
| VP Academic Programs And Services | $0 | $260,183 | $0 | $7,500 | $0 | $25,000 | $0 | $19,613 | $0 | $10,065 | $0 | $322,361 | $0 | $0 |
| Richard Waters | ||||||||||||||
| VP Marketing & Communications | $0 | $190,000 | $0 | $7,000 | $0 | $0 | $0 | $14,683 | $0 | $768 | $0 | $212,451 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 3 | COMPENSATION IS determined by a related organization for the President and Chief Executive Officer and other key employees. For the 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 advises 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 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 advice of an outside compensation consulting firm. |
| Part I, Line 4a | YOLANDA DANIEL, PRIOR CFO, RECEIVED $60,855 IN COMPENSATION PER THE TERMS OF HER SEPARATION AGREEMENT. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 8 | Related organization, ABMS, with review and approval by the Finance and Audit Committee of the Board of Directors, periodically provides funding support in the form of a grant to the ABMS Research and Education Foundation. Funding support was provided in 2014 and most recently in 2016 for $1.3M. No funding was provided in 2015. |
| Form 990, Part VI, Section A, line 1 | INDEPENDENT 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, THE AMERICAN BOARD OF MEDICAL SPECIALTIES (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 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 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. 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 LIABIUTIES 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 4 | At its meeting on October 23, 2015, the board of directors of ABMS-REF amended its bylaws by changing the number of ex-officio voting members from 2 to 3, adding the ABMS Senior Vice-President of the Research and Education Foundation or the individual acting from time to time as the Corporation's Program Executive Director as the third ex-officio director. |
| Form 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. |
| Form 990, Part VI, Section A, line 7a | Election of officers will be held at the annual meeting of the board of directors. American board of medical specialties (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. ABMS, among its other powers, elects the entire board of directors for the ABMS-REF. PLEASE REFER TO PART VI, SECTION A, LINE 1 DESCRIPTION. |
| Form 990, Part VI, Section A, line 7b | PLEASE REFER TO PART VI, SECTION A, LINE 1 DESCRIPTION. |
| Form 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 board of directors before it is filed. |
| Form 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. |
| Form 990, Part VI, Section B, line 15 | COMPENSATION IS determined by a related organization for the President and other key employees. For the ABMS-REF's President's COMPENSATION: 1 Members of the executive committee of ABMS, who are independent, set the COMPENSATION for the President. 2 an outside COMPENSATION CONSULTING firm also participates in the compensation process 3 comparability data from member boards and similar not for profit medical organizations is reviewed. For Key Employees The ABMS-REF President sets COMPENSATION in consultation with an outside consulting firm and considering comparability data. COMPENSATION IS allocated to the American board of medical specialties research and education foundation (foundation) based on the time spent on the foundation's activities. |
| Form 990, Part VI, Section C, line 19 | The bylaws including the conflict of interest policy along with the financial statements are published in the annual report. Governing documents and financial statements are also available through applicable governmental agencies and through Guidestar.org |
| FORM 990, PART VII, SECTION A - COMPENSATION | THE COMPENSATION FROM A RELATED ORGANIZATION, AMERICAN BOARD OF MEDICAL SPECIALTIES (ABMS) REPORTED IN PART VII IS THE COMPENSATION PAID BY ABMS FOR A FULL-TIME POSITION. HOWEVER A PORTION OF THE INDIVIDUAL'S TIME IS DEVOTED TO THE FILING ORGANIZATION, ABMS-REF, AND IS REIMBURSED BY THE ABMS-REF. |
| Form 990 Part IV, Line 33 | The organization neither owns nor controls any disregarded entity as defined in form 990 instructions. American board of medical specialties (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. ABMS, among its other powers, elects the entire board of directors for the ABMS-REF. In addition, ABMS has 24 not-for-profit and tax exempt voting member organizations constituting the 24 certifying boards of the ABMS-Recognized medical specialties: 1. The American board of allergy and immunology, inc.; 2. The American board of anesthesiology, inc.; 3. The American board of colon and rectal surgery, inc.; 4. The American board of dermatology, inc.; 5. The American board of emergency medicine, inc.; 6. The American board of family medicine, inc.; 7. The American board of internal medicine, inc.; 8. The American Board of Genetics and Genomics, Inc.; 9. The American board of neurological surgery, inc.; 10. The American board of nuclear medicine, inc.; 11. The American board of obstetrics and gynecology, inc.; 12. The American board of ophthalmology, inc.; 13. The American board of orthopaedics surgery, inc.; 14. The American board of otolaryngology, inc.; 15. The American board of pathology, inc.; 16. The American board of pediatrics, inc.; 17. The American board of physical medicine and rehabilitation, inc.; 18. The American board of plastic surgery, inc.; 19. The American board of preventative medicine, inc.; 20. The American board of psychiatry and neurology, inc.; 21. The American board of radiology, inc.; 22. The American board of surgery, inc.; 23. The American board of thoracic surgery, inc.; 24. The American board of urology, inc. Both volunteer directors and salaried executives from such boards, as well as independent public members, serve on the abms board of directors and, ex officio, on the ABMS-REF's board of directors. However, no such specialty certifying board ever nominates, sponsors or controls more than two (2) voting members of the ABMS-REF board of directors and, accordingly, none of them meets the majority control requirements of the definition of "related party" for schedule r. THE ABMS-REF's BYLAWS, AS WELL AS ITS POLICIES AND PROCEDURES, INCLUDE PROVISIONS (A) REQUIRING FULL DISCLOSURE OF CONFLICTS OF INTEREST AND DUALITIES OF INTEREST, AND (B) PROHIBITING A DIRECTOR, OFFICER OR EMPLOYEE OF THE ORGANIZATION FROM PARTICIPATING IN ANY DECISION REGARDING A MATTER IN WHICH SUCH PERSON IS CONFLICTED. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| ABMS INTERNATIONAL LLC | |||||||||
| 353 NORTH CLARK STREET SUITE 1400 | Chicago | IL | 60654 | 274201101 | CERTIFICATION ACTIVITIES OUTSIDE THE U.S. | IL | $4,452,522 | $3,411,701 | ABMS |
| ABMS SINGAPORE LLC | |||||||||
| 353 NORTH CLARK STREET SUITE 1400 | Chicago | IL | 60654 | 274201326 | CERTIFICATION ACTIVITIES IN SINGAPORE | IL | $0 | $0 | ABMS INTERNATIONAL LLC |
| ABMS Solutions LLC | |||||||||
| 353 NORTH CLARK STREET SUITE 1400 | chicago | IL | 60654 | 453952583 | PROVIDING CERTIFICATION SOLUTIONS FOR CREDENTIALERS | IL | $3,825,436 | $2,894,832 | ABMS |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| American Board of Medical Specialties | ||||||||||
| 353 NORTH CLARK STREET SUITE 1400 | chicago | IL | 60654 | 410847713 | establish standards for physician specialty certification | IL | 501(c)(6) | None | 0 | |
| Multi-Specialty Portfolio Approval Program Organization | ||||||||||
| 353 NORTH CLARK STREET SUITE 1400 | CHICAGO | IL | 60654 | 465431221 | PROMOTING PARTICIPATION IN COMPETENCY AND QI PROGRAMS BY PHYSICIANS | IL | 501(c)(3) | ABMS | 0 | Line 9 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERICAN BOARD OF MEDICAL SPECIALTIES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | P | TransactionTypeTxt |
| Involved | $702,005 | InvolvedAmt |
| Method Of Amount Determination | audited expense report | MethodOfAmountDeterminationTxt |
Comments