2015-06-10T15:32:22-05:00 2014-10-31 561304727 BLACKMAN & SLOOP CPAS PA 1414 RALEIGH RD SUITE 300 CHAPEL HILL NC 27517 990 2013-11-01 231417504 AMERICAN BOARD OF PEDIATRICS INC AMER 9199290461 111 SILVER CEDAR COURT CHAPEL HILL NC 27514 ANN E HAZINSKI CPA MBA CFO 9199290461 2015-06-08 1 ROBIN MCDUFFIE P00098611 9199428700 2013 2016-03-07 17:11:31Z ANN HAZINSKI CPA MBA 111 SILVER CEDAR COURT CHAPEL HILL NC 27514 27914342 0 X HTTP://WWW.ABP.ORG X 1933 NC SEE SCHEDULE O. 17 15 103 250 0 0 0 0 25299432 24805212 2176880 3039820 62664 58627 27538976 27903659 0 889345 0 0 14129797 14151588 0 0 0 10995357 9310533 25125154 24351466 2413822 3552193 93201854 102658677 30422256 34485234 62779598 68173443 X SEE SCHEDULE O. 0 0 3952023 11046250 SEE FULL DESCRIPTION ON SCHEDULE O. 4489898 4927540 SEE FULL DESCRIPTION ON SCHEDULE O. 8037334 8907196 SEE FULL DESCRIPTION ON SCHEDULE O. 16479255 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 303 0 1 103 1 0 0 0 0 0 0 X 17 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X X ANN E HAZINSKI CPA MBA CFO 9199290461 111 SILVER CEDAR COURT CHAPEL HILL NC 27514 X DOUGLAS J BARRETT MD DIRECTOR 2.50 0.50 X 13586 0 0 LAURA M BROOKS MD CHAIR ELECT & CHAIR 11.00 0.50 X X 25990 0 0 ANN E BURKE MD DIRECTOR 2.50 0.50 X 9579 0 0 CHRISTOPHER A CUNHA MD DIRECTOR 2.50 0.50 X 20963 0 0 JOHN G FROHNA MD DIRECTOR 2.50 0.50 X 12625 0 0 DAVID A GREMSE MD DIRECTOR 2.50 0.50 X 8004 0 0 MARY FRAN HAZINSKI DIRECTOR (PUBLIC MEMBER) 2.50 0.50 X 13129 0 0 A CRAIG HILLEMEIER MD CHAIR & IMM. PAST CHR & DIRECTOR 3.00 0.50 X X 27215 0 0 DAVID M JAFFE MD DIRECTOR 2.50 0.50 X 13583 0 0 LAUREL K LESLIE MD SECRETARY - TREASURER & DIRECTOR 3.00 0.50 X 9960 0 0 A KIM RITCHEY MD DIRECTOR 2.50 0.50 X 19160 0 0 JOSEPH W ST GEME III MD SEC-TREASURER & CHR-ELECT & DIR 4.00 1.00 X X 12919 0 0 RUTLEDGE Q HUTSON DIRECTOR (PUBLIC MEMBER) 2.50 0.50 X 4250 0 0 TIMOTHY FELTES DIRECTOR 2.50 0.50 X 2277 0 0 ANNA R KUO MD DIRECTOR 2.50 0.50 X 2100 0 0 CAROLYN M KERCSMAR DIRECTOR 2.50 0.50 X 5435 0 0 GAIL A MCGUINNESS MD EXEC VP & DIRECTOR 49.00 1.00 X X 557274 0 58585 DAVID G NICHOLS MD PRESIDENT & DIRECTOR 49.00 1.00 X X 568407 0 67385 VIRGINIA A MOYER MD VP 50.00 0.00 X 301913 0 56115 LINDA A ALTHOUSE PHD VP 50.00 0.00 X 242404 0 64115 CAROL L CARRACCIO MD VP 50.00 0.00 X 346498 0 51545 HAZEN P HAMPHD VP 50.00 0.00 X 230247 0 69476 ANN E HAZINSKI MBA CPA VP & CFO 50.00 0.00 X 331635 0 74485 MICHELE J WALL VP & COO 50.00 0.00 X 257248 0 67885 DONGMING ZHANG VP OF IT (AS OF 3/17/14) 50.00 0.00 X 0 0 0 ALLEN GUBERT DIRECTOR, IT TECHNICAL SERVICES 50.00 0.00 X 129947 0 37032 L ERIK MEYER DIRECTOR, TEST DEVELOPMENT 50.00 0.00 X 122843 0 46648 KELLY S REDDICK DIRECTOR,IT APPLICATIONS DEVELOPMENT 50.00 0.00 X 120627 0 41928 ANN F SMITH SR. CONTROLLER 49.00 1.00 X 128072 0 38043 RACHAEL J B TAN DIRECTOR, PSYCHOMETRICS 50.00 0.00 X 109418 0 32844 PAUL V MILES MD SEE SCHEDULE O 0.00 0.00 X 391975 0 61814 JAMES A STOCKMANIII MD SEE SCHEDULE O 45.00 0.00 X 788559 0 73261 4827842 0 841161 15 1 1 0 PROMETRIC INC PO BOX 223608 PITTSBURG PA 15251 EXAM TESTING SERVICES 2059881 VSS PO BOX 3771 NEW YORK NY 100083771 COMPUTER MAINTENANCE & SUPPORT 533410 PRICE PARKINSON & KERR PLLC 5742 W HAROLD GATTY DRIVE SALT LAKE CITY UT 84116 LEGAL SERVICES 275138 SNELL & WILMER LLP ONE ARIZONA CENTER PHOENIX AZ 85004 LEGAL SERVICES 247268 D'VINCI INTERACTIVE 28 SO POTOMAC ST 4TH FLOOR HAGARSTOWN MD 21740 COMPUTER PROGRAMMING 187264 9 GENERAL WRITTEN EXAMS 900099 11046250 11046250 MAINTENANCE OF CERTIFICATE 900099 8907196 8907196 SUBSPECIALTY EXAMS 900099 4927540 4927540 ABMS INTERNATIONAL 900099 112500 112500 INTL ITE 900099 73880 73880 -262154 -262154 24805212 1837739 1837739 1191942 20822 0 10683 1191942 10139 1202081 1202081 MISCELLANEOUS INCOME 900099 58627 58627 58627 27903659 24863839 0 3039820 889345 3482659 6702162 1644763 1672588 649416 323848 36000 49065 1603186 305929 605884 528563 85502 1228320 912569 188430 TESTING EXPENSES 2019511 ABMS DUES & MEMBERSHIP 812833 MERCHANT FEES 522317 MISCELLANEOUS 88576 24351466 50 50 7259061 7696683 660437 119596 335347 272060 18207305 7699160 10470303 10508145 74069397 83290966 99994 283530 307265 487647 93201854 102658677 4171215 2984863 22832431 25094108 5469 0 3413141 6406263 30422256 34485234 X 62779598 68173443 62779598 68173443 93201854 102658677 X 3552193 4249736 -2408084 X X 0 1 X 1 0 2130492 2130492 10086629 3379109 6707520 4399109 3313719 1085390 1591075 1006332 584743 10508145 DEFERRED COMPENSATION 1131047 DEFERRED PENSION 5275216 6406263 X 32153395 4249736 4249736 27903659 0 27903659 24351466 0 24351466 0 24351466 PART X, LINE 2: UNDER THE STATUTE OF LIMITATIONS, THE FEDERAL INFORMATIONAL RETURNS OF THE ABP FOR THE YEARS ENDED OCTOBER 31, 2011 THROUGH 2014 ARE SUBJECT TO EXAMINATION BY THE U.S. INTERNAL REVENUE SERVICE. MANAGEMENT EVALUATED TAX POSITIONS FOR THE YEARS ENDED OCTOBER 31, 2011 THROUGH 2014 RETURNS, AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS, AND BELIEVES THERE IS NO INCOME TAX EFFECT ON THE FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 ABP OFFERS IN-TRAINING EXAMS TO PEDIATRIC PROGRAM CANDIDATES VIA THE INTERNET. EAST ASIA AND THE PACIFIC 0 0 ABP OFFERS IN-TRAINING EXAMS TO PEDIATRIC PROGRAM CANDIDATES VIA THE INTERNET. EUROPE 0 0 ABP OFFERS IN-TRAINING EXAMS TO PEDIATRIC PROGRAM CANDIDATES VIA THE INTERNET. MIDDLE EAST AND NORTH AFRICA 0 0 ABP OFFERS IN-TRAINING EXAMS TO PEDIATRIC PROGRAM CANDIDATES VIA THE INTERNET. SUB SAHARAN AFRICA 0 0 ABP OFFERS IN-TRAINING EXAMS TO PEDIATRIC PROGRAM CANDIDATES VIA THE INTERNET. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 AMERICAN BOARD OF PEDIATRICS FOUNDATION 111 SILVER CEDAR COURT CHAPEL HILL NC 27514 561520520 501(C)(3) 837517 TO FUND RESEARCH AND EDUCATIONAL INITIATIVES IN THE PEDIATRIC FIELD. FRANKIE LEMMON SCHOOL 1800 GLENWOOD AVENUE RALEIGH NC 27608 560931467 501(C)(3) 51578 MATCH OF STAFF DONATION TO STAFF SELECTED CHARITY - SCHOOL FOR SPECIAL NEEDS CHILDREDN. 2 X X 1 1 X X X X 0 1 0 GAIL A MCGUINNESS MD EXEC VP & DIRECTOR 484925 0 4849 0 67500 0 50625 0 11003 0 618902 0 0 0 DAVID G NICHOLS MD PRESIDENT & DIRECTOR 535000 0 0 0 33407 0 50625 0 18966 0 637998 0 0 0 VIRGINIA A MOYER MD VP 270477 0 0 0 31436 0 50625 0 6750 0 359288 0 0 0 LINDA A ALTHOUSE PHD VP 216674 0 0 0 25730 0 49445 0 16972 0 308821 0 0 0 CAROL L CARRACCIO MD VP 317231 0 9449 0 19818 0 50625 0 3779 0 400902 0 0 0 HAZEN P HAMPHD VP 205678 0 0 0 24569 0 47116 0 24493 0 301856 0 0 0 ANN E HAZINSKI MBA CPA VP & CFO 304012 0 0 0 27623 0 50625 0 26556 0 408816 0 0 0 MICHELE J WALL VP & COO 228076 0 2281 0 26891 0 50625 0 19526 0 327399 0 0 0 ALLEN GUBERT DIRECTOR, IT TECHNICAL SERVICES 118845 0 7397 0 3705 0 24992 0 13471 0 168410 0 0 0 L ERIK MEYER DIRECTOR, TEST DEVELOPMENT 115000 0 0 0 7843 0 23287 0 24744 0 170874 0 0 0 KELLY S REDDICK DIRECTOR,IT APPLICATIONS DEVELOPMENT 121818 0 2436 0 -3627 0 24668 0 18718 0 164013 0 0 0 ANN F SMITH SR. CONTROLLER 122085 0 1221 0 4766 0 25863 0 13641 0 167576 0 0 0 PAUL V MILES MD SEE SCHEDULE O 204761 0 0 0 187214 0 50625 0 11189 0 453789 0 81691 0 JAMES A STOCKMANIII MD SEE SCHEDULE O 636217 0 12724 0 139618 0 50625 0 22636 0 861820 0 0 0 PART I, LINE 1A THE ABP PROVIDES THE OPTION OF FIRST CLASS TRAVEL TO THE PRESIDENT AND THE CHAIRMAN OF THE BOARD OF DIRECTORS. THESE FIRST CLASS TICKETS ARE OFTEN PURCHASED USING UPGRADES. IN ADDITION, ANY ABP STAFF MEMBER WHO TRAVELS IN EXCESS OF 25,000 AIR MILES PER YEAR FOR THE ORGANIZATION HAS THE OPTION OF UPGRADING HIS/HER AIRLINE TICKET TO FIRST CLASS AND WILL BE REIMBURSED FOR THE UPGRADE. THE ABP COVERS THE COSTS OF SPOUSE AIRFARE FOR MEMBERS WHO ATTEND SELECTED ABP BUSINESS MEETINGS. IN ADDITION THE ABP COVERS THE COST OF SENIOR MANAGEMENT SPOUSE AIRFARE FOR TRAVEL TO SELECTED ABP BUSINESS MEETINGS. THIS IS REPORTED AS TAXABLE INCOME TO THE INDIVIDUAL AND INCLUDED ON PART VII & SCHEDULE J UNDER OTHER TAXABLE INCOME. PART I, LINE 4B THE ABP PROVIDES A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR SOME SENIOR MANAGEMENT MEMBERS. THE FOLLOWING SUCH BENEFITS WERE PROVIDED IN THE CURRENT TAX YEAR: GAIL A. MCGUINNESS - EXEC VICE PRESIDENT $9,300 VIRGINIA A MOYER-TUCKER - VICE PRESIDENT $5,231 FORM 990, PART I, LINE 1: THE AMERICAN BOARD OF PEDIATRICS (ABP) CERTIFIES GENERAL PEDIATRICIANS AND PEDIATRIC SUBSPECIALISTS BASED ON STANDARDS OF EXCELLENCE THAT LEAD TO HIGH QUALITY HEALTH CARE FOR INFANTS, CHILDREN, AND ADOLESCENTS. ABP CERTIFICATION PROVIDES ASSURANCE TO THE PUBLIC THAT A GENERAL PEDIATRICIAN OR PEDIATRIC SUBSPECIALIST HAS SUCCESSFULLY COMPLETED ACCREDITED TRAINING AND FULFILLS THE CONTINUOUS EVALUATION REQUIREMENTS THAT ENCOMPASS THE SIX CORE COMPETENCIES: PATIENT CARE, MEDICAL KNOWLEDGE, PRACTICE-BASED LEARNING AND IMPROVEMENT, INTERPERSONAL AND COMMUNICATION SKILLS, PROFESSIONALISM, AND SYSTEMS-BASED PRACTICE. THE ABP'S QUEST FOR EXCELLENCE IS EVIDENT IN ITS RIGOROUS EVALUATION PROCESS AND IN NEW INITIATIVES UNDERTAKEN THAT NOT ONLY CONTINUALLY IMPROVE THE STANDARDS OF ITS CERTIFICATION BUT ALSO ADVANCE THE SCIENCE, EDUCATION, STUDY, AND PRACTICE OF PEDIATRICS. PART III, LINE 1: THE AMERICAN BOARD OF PEDIATRICS EXISTS TO PROTECT AND IMPROVE THE HEALTH OF CHILDREN AS THEY GROW FROM INFANTS TO YOUNG ADULTS BY SETTING STANDARDS FOR PEDIATRIC PRACTICE AND SUPPORTING THE EFFORTS OF PHYSICIANS TO UNDERSTAND AND EMBRACE ADVANCES IN MEDICAL CARE. THE ABP DOES THIS BY ADMINISTERING AN INITIAL CERTIFICATION EXAMINATION TO LICENSED PHYSICIANS WHO HAVE COMPLETED A PEDIATRIC RESIDENCY AND/OR FELLOWSHIP, THEN PROVIDING ACTIVITIES AND EXAMINATIONS THAT ALLOW PEDIATRICIANS TO MAINTAIN THEIR CERTIFICATION. FORM 990, PART III, LINE 4A: INITIAL CERTIFICATION IN GENERAL PEDIATRICS: BOARD CERTIFICATION IS A VOLUNTARY PROCESS THAT GOES ABOVE AND BEYOND STATE LICENSING REQUIREMENTS FOR PRACTICING MEDICINE. IT IS AN ONGOING COMMITMENT BY A PHYSICIAN TO CONTINUALLY UPDATE THEIR KNOWLEDGE IN A MEDICAL SPECIALTY, LIKE PEDIATRICS. SINCE IT BEGAN CERTIFYING PEDIATRICIANS IN 1933 THROUGH DEC. 31, 2013, THE ABP HAS CERTIFIED 108,879 PEDIATRICIANS. OF THE 4,297 PHYSICIANS WHO TOOK THE GENERAL PEDIATRICS CERTIFYING EXAMINATION IN OCTOBER 2014, 78 PERCENT PASSED. TO BECOME CERTIFIED, A PHYSICIAN MUST COMPLETE AN ACCREDITED RESIDENCY TRAINING PROGRAM IN PEDIATRICS. THE DIRECTOR OF THAT TRAINING PROGRAM MUST VERIFY THAT THE PHYSICIAN IS COMPETENT IN ALL AREAS OF PRACTICE, AND THEN THE PHYSICIAN IS ALLOWED TO TAKE THE INITIAL CERTIFYING EXAM. ONCE THEY HAVE PASSED THE INITIAL EXAMINATION, THEY ARE CERTIFIED BY THE ABP. (SEE 4C BELOW FOR HOW CERTIFICATION IS MAINTAINED). FORM 990, PART III, LINE 4B: INITIAL CERTIFICATION IN PEDIATRIC SUBSPECIALITIES: AFTER RESIDENCY, SOME PEDIATRICIANS ALSO GO ON TO COMPLETE FURTHER ACCREDITED TRAINING IN PEDIATRIC SUBSPECIALTY FELLOWSHIP PROGRAMS. TO BECOME CERTIFIED BY THE ABP IN A SUBSPECIALTY, A PHYSICIAN MUST PASS A SECURE EXAMINATION THAT FOCUSES ON PRACTICE IN THE PARTICULAR SUBSPECIALTY. THE ABP OFFERS CERTIFICATION IN THESE SUBSPECIALTIES: ADOLESCENT MEDICINE; CARDIOLOGY; CHILD ABUSE PEDIATRICS; CRITICAL CARE MEDICINE; DEVELOPMENTAL-BEHAVIORAL; EMERGENCY MEDICINE; ENDOCRINOLOGY; GASTROENTEROLOGY; HEMATOLOGY-ONCOLOGY; INFECTIOUS DISEASES; NEONATAL-PERINATAL MEDICINE; NEPHROLOGY; PULMONOLOGY; RHEUMATOLOGY. CERTIFICATES ARE AWARDED IN CONJUNCTION WITH OTHER SPECIALTY BOARDS IN THE AREAS OF: HOSPICE AND PALLIATIVE MEDICINE, MEDICAL TOXICOLOGY, PEDIATRIC TRANSPLANT HEPATOLOGY, SLEEP MEDICINE, AND SPORTS MEDICINE. THE NUMBER OF PHYSICIANS TAKING THE EXAMS VARIES, DEPENDING ON THE SUBSPECIALTY. PASS RATES FOR THOSE TAKING THE EXAM FOR THE FIRST TIME RANGED FROM 78 TO 91 PERCENT IN 2014. 1,473 CANDIDATES APPLIED FOR SUBSPECIALTY EXAMINATIONS IN FY2014. OF THOSE 1,473 CANDIDATES, 1,116 PASSED THE EXAMINATION AND BECAME CERTIFIED IN A SUBSPECIALTY. FORM 990, PART III, LINE 4C: MAINTENANCE OF CERTIFICATION. AFTER THEIR INITIAL CERTIFICATION, PEDIATRICIANS ARE ENROLLED IN THE MAINTENANCE OF CERTIFICATION (MOC) PROGRAM THAT CONSISTS OF 4 PARTS: - PROFESSIONALISM AND PROFESSIONAL STANDING - LIFELONG LEARNING AND SELF-ASSESSMENT - ASSESSMENT OF KNOWLEDGE, JUDGMENT AND SKILLS - QUALITY IMPROVEMENT IN PRACTICE DIPLOMATES OF THE AMERICAN BOARD OF PEDIATRICS MUST HOLD AN UNRESTRICTED MEDICAL LICENSE IN ORDER TO MAINTAIN CERTIFICATION. IN FISCAL YEAR 2014, THE ABP ADDED 44 NEW SELF-ASSESSMENT ACTIVITIES. ONE OF THE MORE RECENTLY APPROVED AND POPULAR ACTIVITIES IS "QUESTION OF THE WEEK" (QOW). EACH QOW IS BASED ON RECENT INFORMATION FROM CURRENT LITERATURE, AND PEDIATRICIANS RESPOND TO QUESTIONS BASED ON THE RESEARCH AND A CASE STUDY. QOW PROVIDES AN OPPORTUNITY FOR DIPLOMATE DISCUSSION VIA AN INTERACTIVE PLATFORM. MOC REQUIRES THAT PEDIATRICIANS TAKE EXAMINATIONS EVERY 10 YEARS TO ASSESS THEIR KNOWLEDGE AND MEDICAL JUDGMENT. QUALITY IMPROVEMENT (QI) ACTIVITIES FOR MOC ARE DESIGNED TO ENCOURAGE PEDIATRICIANS TO ASSESS THE QUALITY OF THEIR CARE AND ADOPT MORE EFFICIENT AND EFFECTIVE WAYS TO CARE FOR CHILDREN. IN FISCAL YEAR 2014, THE ABP ADDED 13 NEW PERFORMANCE IMPROVEMENT MODULES (PIMS) AND 355 QI PROJECTS THAT ARE SPONSORED BY THE PEDIATRICIAN'S INSTITUTION OR OTHER AGENCY. FORM 990, PART VI, SECTION B, LINE 11 ABP CONTROLLER AND CFO REVIEW THE FORM 990 IN DETAIL AS WELL AS HAVE IT REVIEWED BY TAX EXEMPT ORGANIZATION LEGAL COUNSEL FOR COMPLIANCE. ONCE THE RETURN HAS BEEN FULLY REVIEWED BY INTERNAL STAFF AND LEGAL COUNSEL, THE 990 IS DISTRIBUTED TO EACH BOARD MEMBER PRIOR TO THE IRS FILING. ABP POLICY PROVIDES THAT A PDF OF THE FORM 990 AND ATTACHED SCHEDULES IS TO BE DISTRIBUTED TO EACH BOARD MEMBER PRIOR TO THE IRS FILING. THE BOARD OF DIRECTORS IS ASKED TO REVIEW THE 990 AND FORWARD ANY COMMENTS, QUESTIONS, OR CONCERNS TO THE CFO PRIOR TO THE RETURN BEING FILED. THE CFO WILL ADDRESS QUESTIONS AND CONCERNS THAT ARE RAISED PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ABP HAS A CONFLICT OF INTEREST POLICY. ONE SPECIFICALLY COVERS ITS APPOINTEES, OFFICERS, AND KEY PERSONNEL. ON AN ANNUAL BASIS EACH APPOINTEE, OFFICER, AND KEY PERSONNEL MUST REVIEW THE POLICY ANNUALLY AND DISCLOSE ANY POTENTIAL CONFLICT VIA A SIGNED FORM. THE ABP HAS ESTABLISHED A CONFLICT OF INTEREST COMMITTEE THAT REVIEWS AND MONITORS ALL CONFLICT OF INTEREST ISSUES. CONFLICTS OF APPOINTEES AND EMPLOYEES ATTENDING MEETINGS ARE DISCLOSED IN THE AGENDA MATERIALS AND THOSE WITH CONFLICTS DON'T PARTICIPATE IN THE VOTING ON ANY ISSUE THEY MAY HAVE A CONFLICT OF INTEREST. IN ADDITION, FOR ALL ABP EMPLOYEES, THE ABP HAS A CONFLICT OF INTEREST POLICY THAT IS REVIEWED ON AN ANNUAL BASIS AND ANY ACTUAL OR PERCEIVED CONFLICTS OF INTEREST OF EMPLOYEES ARE DISCLOSED ON A SIGNED STATEMENT. THE PRESIDENT AND VICE PRESIDENT OF HR REVIEW ALL STATEMENTS AND THE EMPLOYEE IS REMOVED FROM ANY DECISION MAKING ISSUE WHERE A CONFLICT MAY EXIST. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR SINCE 1988, THE ABP HAS ENGAGED AN INDEPENDENT COMPENSATION AND BENEFIT CONSULTING FIRM TO ASSIST THE ABP IN DETERMINING COMPENSATION FOR ALL ABP STAFF FOR THE UPCOMING YEAR, INCLUDING THE PRESIDENT AND SENIOR MANAGEMENT. THE COMPENSATION STRATEGY THAT THE CONSULTING FIRM HAS DESIGNED FOR ABP EMPHASIZES PAY FOR PERFORMANCE AND IS BASED UPON THE SYSTEMATIC SLOTTING OF EACH ABP STAFF POSITION ON A GRADED SCALE. PAY FOR EACH OF THESE GRADES IS THEN DETERMINED BY COMPARING EACH OF THE POSITIONS TO A COMPARABLE POSITION IN THE APPROPRIATE MARKETPLACE, I.E. LOCAL, REGIONAL, OR NATIONAL DEPENDING UPON THE JOB'S RESPONSIBILITIES AND ITS HIERARCHY WITHIN THE ORGANIZATION. A RANGE IS CREATED AROUND EACH GRADE AND PERFORMANCE DICTATES HOW QUICKLY STAFF ADVANCE THROUGH THE GRADE. A FORMAL PRESENTATION IS MADE BY THE CONSULTANT TO THE EXECUTIVE COMMITTEE EACH YEAR DURING WHICH THE COMPENSATION STRATEGY IS REVIEWED, BENCHMARKS ARE REVIEWED AND UPDATED, AND STAFF SALARY RECOMMENDATIONS ARE MADE. FOLLOWING THAT PRESENTATION, THE CONSULTANT MEETS IN CLOSED SESSION WITH THE EXECUTIVE COMMITTEE, WITHOUT THE PRESENCE OF ABP STAFF, TO PRESENT A REVIEW OF THE SALARY BENCHMARKS FOR THE ABP PRESIDENT AND THE PHYSICIAN VICE PRESIDENTS FOLLOWED BY HIS RECOMMENDATION FOR SALARY ADJUSTMENTS FOR THOSE POSITIONS. THESE RECOMMENDATIONS ARE CONSIDERED FOR APPROVAL BY THE COMMITTEE. THE CONSULTANT THEN PREPARES MINUTES OF THE CLOSED SESSION AND THE APPROVED SALARY ADJUSTMENTS. THE CONSULTANT THEN FORWARDS THOSE MINUTES TO THE CFO FOR IMPLEMENTATION AND SAFEKEEPING. FORM 990, PART VI, SECTION C, LINE 19 CURRENTLY THESE DOCUMENTS MAY BE MADE AVAILABLE UPON WRITTEN REQUEST AS DEEMED APPROPRIATE. WE ARE CONSIDERING OTHER MODES OF DELIVERY VIA THIRD PARTY SITES. PART VII, SECTION A, AND SCHEDULE J, PART II, DR. PAUL MILES: DR. PAUL MILES RETIRED JUNE 14, 2013 AND WAS PAID OUT ACCRUED VACATION AND DEFERRED COMPENSATION DURING CALENDAR YEAR 2013. PART VII, SECTION A, AND SCHEDULE J, PART II, DR. JAMES STOCKMAN: DR. STOCKMAN STEPPED DOWN AS PRESIDENT OF THE AMERICAN BOARD OF PEDIATRICS ON DECEMBER 31, 2012 AFTER 20 YEARS OF SERVICE TO THE ABP. HE REMAINED ON STAFF AS SPECIAL ADVISOR WITH THE SAME COMPENSATION PACKAGE. HE OFFICIALLY RETIRED FROM THE ABP ON DECEMBER 31, 2013. DR. STOCKMAN WORKED FULL TIME (50 HOURS PER WEEK) DURING NOVEMBER AND DECEMBER 2013. IN JANUARY THROUGH OCTOBER 2014, FOLLOWING DR. STOCKMAN'S RETIREMENT AS AN EMPLOYEE HE BECAME A CONSULTANT AS THE QUESTION OF THE WEEK EDITOR WORKING 20% TIME. FORM 990, PART XI, LINE 9: POST RETIREMENT BENEFIT ADJUSTMENT -2,408,084. PART XII, LINE 2C: OVERSIGHT OF AUDIT AUDIT COMMITTEE; NO CHANGE FROM PRIOR YEAR AMERICAN BOARD OF PEDIATRICS FOUNDATION 111 SILVER CEDAR COURT CHAPEL HILL NC 27514 561520520 SUPPORTING ORGANZIATION NC 501(C)(3) SUPPORTING ORG. 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 AMERICAN BOARD OF PEDIATRICS FOUNDATION INC B 838017 CASH TRANSFER AMERICAN BOARD OF PEDIATRICS FOUNDATION INC L 302883 ALLOCATED SALARIES/BENEFITS