2013-11-14T11:07:14-06:00 2012-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2012-01-01 410847713 AMERICAN BOARD OF MEDICAL SPECIALTIES AMER 3124362600 222 NORTH LASALLE STREET NO 1500 CHICAGO IL 60601 LOIS MARGARET NORA MD JD MBA 3124362600 2013-10-28 1 LU ANN TRAPP P01506476 3122071040 2013-10-28 2012 2016-02-25 16:41:14Z LOIS MARGARET NORA MD J 222 NORTH LASALLE STREET NO 1500 CHICAGO IL 60601 16639401 0 X WWW.ABMS.ORG X 1935 IL THE MISSION OF ABMS IS TO MAINTAIN AND IMPROVE THE QUALITY OF MEDICAL CARE BY ASSISTING THE MEMBER BOARDS IN THEIR EFFORTS TO DEVELOP AND UTILIZE PROFESSIONAL AND EDUCATIONAL STANDARDS FOR THE CERTIFICATION OF PHYSICIAN SPECIALISTS IN THE UNITED STATES AND INTERNATIONALLY. 31 30 80 270 0 0 0 0 13065364 15324942 224326 173809 21197 20028 13310887 15518779 850000 1408000 0 0 4705888 7103926 0 0 0 6205365 6353813 11761253 14865739 1549634 653040 16138898 19033273 4233103 5841599 11905795 13191674 X THE AMERICAN BOARD OF MEDICAL SPECIALTIES (ABMS) IS AN ORGANIZATION OF MEDICAL SPECIALTY BOARDS WITH SHARED GOALS AND STANDARDS RELATED TO THE CERTIFICATION OF MEDICAL SPECIALISTS. CERTIFICATION INCLUDES INITIAL SPECIALTY AND SUBSPECIALTY CERTIFICATION AND MAINTENANCE OF 1 0 CERTIFICATION AND BOARD SERVICES/MOC:ABMS SERVES AS THE AUTHORITATIVE RESOURCE AND FORUM THAT ESTABLISHES STANDARDS FOR PHYSICIAN CERTIFICATION AS IT RELATES TO THE PROVISION OF QUALITY HEALTHCARE. ABMS COORDINATES ACTIVITIES OF THE 24 MEMBER BOARDS TO DEVELOP PROGRAMS AND RESOURCES THAT MAINTAIN HIGH STANDARDS FOR THE WAY PHYSICIANS LEARN AND PRACTICE THROUGHOUT THEIR CAREERS. ABMS AND ITS SUBSIDIARY, ABMS SINGAPORE LLC (ABMS-S) JOINTLY DEVELOPED A PHYSICIANS ASSESSMENT FOR MEDICAL SPECIALISTS PRACTICING IN SINGAPORE. PUBLIC COMMUNICATIONS:COMMUNICATES INFORMATION ABOUT THE STANDARDS FOR PHYSICIAN CERTIFICATION TO SUPPORT THE PUBLIC'S QUEST FOR SAFE, HIGH-QUALITY HEALTHCARE. PROVIDES MECHANISMS FOR PATIENTS, CONSUMERS AND OTHER STAKEHOLDERS TO PARTICIPATE IN THE DEVELOPMENT AND REFINEMENT OF CERTIFICATION AND MAINTENANCE OF CERTIFICATION PROGRAMS FOR PHYSICIANS. INFORMATION SERVICES:PROVIDES PRODUCTS AND SERVICES FOR VERIFYING THE BOARD CERTIFICATION AND MAINTENANCE OF CERTIFICATION (MOC) OF PHYSICIANS IN THE UNITED STATES. THE PUBLIC CAN SEARCH THE ABMS DATABASE FREE OF CHARGE AT THE ABMS WEBSITE. PUBLIC TRUST PROGRAMS:DEVELOP AND PARTICIPATE IN PROGRAMS TO SUPPORT QUALITY HEALTHCARE WITH A FOCUS ON PHYSICIANS SUCH AS PATIENT EXPERIENCE OF CARE SURVEYS, PHYSICIAN QUALITY OF REPORTING SYSTEMS, PATIENT SAFETY IMPROVEMENT PROGRAMS AND OTHER QUALITY INDICATORS. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 40 0 1 80 1 0 0 0 0 1 1 0 X 31 30 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X LISA WASSERMAN 3124362694 222 N LASALLLE ST STE 1500 CHICAGO IL 60601 X JOHN B MCCABE MD 4.00 0.50 X X 0 0 0 THOMAS E NORRIS MD 4.00 0.50 X X 18750 0 0 VALERIE M PARISI MD MPH MBA 4.00 0.50 X X 18750 0 0 JOHN G CLARKSON MD 4.00 0.50 X X 0 0 0 LOIS MARGARET NORA MD JD MBA 46.00 4.00 X X 309201 0 21551 KEVIN B WEISS MD 46.00 4.00 X X 586179 0 71396 JUDITH F BAUMHAUER MD MPH 1.00 0.10 X 0 0 0 GARY J BECKER MD 1.00 0.10 X 0 0 0 MIRIAM G BLITZER PHD 1.00 0.10 X 0 0 0 L EDWARD BRYANT JR JD 1.00 0.10 X 0 0 0 JO BUYSKE MD 1.00 0.10 X 0 0 0 DAVID H CHESTNUT MD 1.00 0.10 X 0 0 0 SUSAN DENTZER 1.00 0.10 X 0 0 0 KIRK A FREY MD PHD 1.00 0.10 X 0 0 0 BRUCE J GANTZ MD 1.00 0.10 X 0 0 0 LARRY C GILSTRAP III MD 1.00 0.10 X 0 0 0 LARRY A GREEN MD 1.00 0.10 X 0 0 0 ANNE-MARIE IRANI MD 1.00 0.10 X 0 0 0 REBECCA L JOHNSON MD 1.00 0.10 X 0 0 0 GERALD H JORDAN MD 1.00 0.10 X 0 0 0 DENESE O KESSLER MD 1.00 0.10 X 0 0 0 WENDY S LEVINSON MD 1.00 0.10 X 0 0 0 JAMES LIFTON MBA 1.00 0.10 X 0 0 0 DENNIS J MATTHEWS MD 1.00 0.10 X 0 0 0 JOHN E MAYER MD 1.00 0.10 X 0 0 0 GAIL A MCGUINNESS MD 1.00 0.10 X 0 0 0 STANLEY J MILLER MD 1.00 0.10 X 0 0 0 JOHN C MOORHEAD MD 1.00 0.10 X 0 0 0 THOMAS A MUSTOE MD 1.00 0.10 X 0 0 0 MARGARET E O'KANE MHS 1.00 0.10 X 0 0 0 TAE SUNG PARK MD 1.00 0.10 X 0 0 0 RANDALL K ROENIGK MD 1.00 0.10 X 0 0 0 BARBARA S SCHNEIDMAN MD MPH 1.00 0.10 X 0 0 0 DAVID J SCHOETZ JR MD 1.00 0.10 X 0 0 0 BARRY S SMITH MD 1.00 0.10 X 0 0 0 JAMES M VANDERPLOEG MD MPH 1.00 0.10 X 0 0 0 DAVID J WILSON MD 1.00 0.10 X 0 0 0 LLOYD MORGAN 46.00 4.00 X 355400 0 0 MARGARET JUNG 36.00 4.00 X 217054 0 45693 JENNIFER MICHAEL 36.00 4.00 X 174448 0 13999 LISA WASSERMAN 36.00 4.00 X 169708 0 32788 RICHARD E HAWKINS 28.00 12.00 X 423049 0 19385 TOM GRANATIR 38.00 2.00 X 226366 0 44808 JOHN MANDELBAUM 36.00 4.00 X 220389 0 42114 SHELDON D HOROWITZ 15.00 4.00 X 186697 0 38428 CAROL CLOTHIER 38.00 2.00 X 175121 0 24284 MELICIA POUWELS 14.00 26.00 X 162197 0 24035 STEPHEN H MILLER 0.00 0.00 X 157876 0 0 3401185 0 378481 19 1 1 0 SILLS CUMMIS & GROSS PC ONE RIVERFRONT PLAZA NEWARK NJ 071055400 LEGAL 239119 JOHNSON & BELL 33 W MONROE SUITE 2700 CHICAGO IL 60603 LEGAL 180117 PATRICIA H DILLON 1099 CHIPPEWA DRIVE NW ROCHESTER MN 55901 MANAGEMENT CONSULTING 113147 3 DUES 900099 7257999 7257999 INTERNATIONAL CERTIFICATION REVEN 900099 3098793 3098793 SUBSCRIPTIONS 900099 2784523 2784523 LICENSE FEES 900099 2176877 2176877 CONFERENCE 900099 6750 6750 15324942 191374 191374 1103057 1120622 -17565 -17565 -17565 MISCELLANEOUS 900099 20028 20028 20028 15518779 13148065 0 2370714 1408000 2481701 3643568 249122 298050 431485 466930 75093 90793 44484 795298 537653 128750 433206 561554 372369 1040807 1154554 53157 RECRUITMENT 312281 TAXES 286884 14865739 2316474 3092916 1113770 3233215 342904 387290 1726305 1213938 669565 512367 7556133 8341823 890000 0 3250052 3465662 16138898 19033273 1270137 1514239 1941654 3416234 1021312 911126 4233103 5841599 X 11905795 13191674 11905795 13191674 16138898 19033273 653040 632839 0 X 0 1 X 1 0 0 0 1 7257999 90793 4893 95686 89999 5687 378107 256342 121765 1348198 957596 390602 512367 DUE FROM ABMS RESEARCH AND EDUC. FOUND. 1833729 DEFERRED COMPENSATION PLAN ASSETS 781341 SECURITY DEPOSIT 53756 GOODWILL 796836 3465662 DEFERRED COMPENSATION PLAN 781341 DEFERRED RENT 129785 911126 X 17175237 632839 1068103 1700942 15474295 44484 44484 15518779 14481358 1068103 1068103 13413255 44484 1408000 1452484 14865739 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY ABMS AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ABMS IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2009. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTRA COMPANY PAYMENT FROM ABMS SOLUTIONS 1,068,103. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTRA COMPANY PAYMENT FROM ABMS SOLUTIONS 1,068,103. PART XII, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTION RECORDED AS TRANSFER OF NET ASSETS 1,408,000. EAST ASIA AND THE PACIFIC 1 2 PROGRAM SERVICES DEVELOPMENT OF SPECIALTY CERTIFICATION PROGRAM FOR PHYSICIANS 2216819 1 2 0 0 1 2 2216819 0 2216819 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD TO ACCOUNT FOR EXPENDITURES. 1 AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH AND EDUCATION FOUNDATION 222 NORTH LASALLE STREET 1500 CHICAGO IL 60601 237304902 501(C)(3) 1408000 RESEARCH AND EDUCATION 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION MAKES CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS WITH SIMILAR MISSIONS FOR THE GENERAL SUPPORT OF THESE ORGANIZATIONS. SINCE THE FUNDS ARE TO BE USED FOR THE GENERAL SUPPORT OF THEIR MISSION, WE DO NOT REQUIRE THESE ORGANIZATIONS TO SUBSTANTIATE THEIR EXPENDITURES RELATED TO THESE CONTRIBUTIONS. X 1 1 X X X X X 1 1 0 LOIS MARGARET NORA MD JD MBA 309201 0 0 0 0 0 0 0 21551 0 330752 0 0 0 KEVIN B WEISS MD 239430 0 29000 0 317749 0 7423 0 63973 0 657575 0 0 0 LLOYD MORGAN 355400 0 0 0 0 0 0 0 0 0 355400 0 0 0 MARGARET JUNG 201573 0 15481 0 0 0 30160 0 15533 0 262747 0 0 0 JENNIFER MICHAEL 164315 0 10133 0 0 0 13285 0 714 0 188447 0 0 0 LISA WASSERMAN 159575 0 10133 0 0 0 18405 0 14383 0 202496 0 0 0 RICHARD E HAWKINS 391203 0 31846 0 0 0 7500 0 11885 0 442434 0 0 0 TOM GRANATIR 207010 0 19356 0 0 0 31343 0 13465 0 271174 0 0 0 JOHN MANDELBAUM 197889 0 22500 0 0 0 30550 0 11564 0 262503 0 0 0 SHELDON D HOROWITZ 180949 0 5748 0 0 0 26207 0 12221 0 225125 0 0 0 CAROL CLOTHIER 169901 0 5220 0 0 0 13321 0 10963 0 199405 0 0 0 MELICIA POUWELS 152678 0 9519 0 0 0 12471 0 11564 0 186232 0 0 0 STEPHEN H MILLER 0 0 0 0 157876 0 0 0 0 0 157876 0 157876 0 PART I, LINE 1A LOIS MARGARET NORA, PRESIDENT AND CEO RECEIVED $16,853 IN HOUSING ALLOWANCES IN CONNECTION WITH HER MOVE TO CHICAGO TO ASSUME THE POSIITON AS CEO. PART I, LINES 4A-B KEVIN B. WEISS, FORMER PRESIDENT AND CEO, RECEIVED $317,749 IN SEVERANCE COMPENSATION. KEVIN B. WEISS, FORMER PRESIDENT AND CEO, ACCRUED BENEFITS OF $33,404 FROM A NON-QUALIFIED DEFERRED COMPENSATION PLAN. A DEFERRED COMPENSATION PLAN EXISTED FOR A FORMER PRESIDENT, STEPHEN H. MILLER. IN ACCORDANCE WITH THE TERMS OF THE AGREEMENT, ABMS DISTRIBUTED $157,876 IN 2012 TO THE FORMER PRESIDENT. NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 ABMS SOLUTIONS, LLC WAS FORMED FOR THE PURPOSE OF ENGAGING AND PROMOTING BUSINESS, COMMERCIAL RELATIONSHIPS, AND OTHER ACTIVITIES THAT SUPPORT THE MISSION OF ABMS. ABMS SOLUTIONS, LLC ACQUIRED CERTAIN ASSETS AND ASSUMED CERTAIN LIABILITIES OF TMP MEDICAL LISTINGS (TMP/ML). FORM 990, PART VI, SECTION A, LINE 4 ON APRIL 26, 2012, THE CORPORATION'S ASSEMBLY APPROVED CHANGES TO THE BYLAWS, WHICH ALTERED THE STRUCTURE OF THE GOVERNANCE OF THE CORPORATION. UNDER THE PRIOR BYLAWS, THE CORPORATION WAS MANAGED BY ITS BOARD OF DIRECTORS, BUT CERTAIN POWERS WERE RESERVED TO THE MEMBERS OF THE CORPORATION THROUGH AN ASSEMBLY, WHICH CONSISTED OF REPRESENTATIVES OF THE REGULAR MEMBERS OF THE CORPORATION, THE ASSOCIATE MEMBERS OF THE CORPORATION, THE PUBLIC MEMBERS OF THE CORPORATION AND THE OFFICERS OF THE CORPORATION. VOTING BY THE ASSEMBLY WAS DONE ON A PROPORTIONAL BASIS, WITH EACH REGULAR MEMBER HAVING A DIFFERENT NUMBER OF VOTES DEPENDING ON FACTORS SPECIFIED IN THE BYLAWS. UNDER THE NEW BYLAWS, THE ASSEMBLY HAS BEEN REPLACED BY A RESERVED POWERS BOARD. AS WITH THE PRIOR ASSEMBLY, VOTING IS DONE ON A PROPORTIONAL BASIS, BUT ASSOCIATE MEMBERS OF THE CORPORATION NO LONGER HAVE A VOTE IN THE RESERVED POWERS BOARD. THE MEMBERS OF THE RESERVED POWERS BOARD ARE THE MEMBERS OF THE BOARD OF DIRECTORS. THE VOTES FOR EACH REGULAR MEMBER ARE TO BE CAST BY THE MEMBER OF THE RESERVED POWERS BOARD WHO WAS NOMINATED TO THE BOARD OF DIRECTORS BY THAT REGULAR MEMBER. THE POWERS PREVIOUSLY RESERVED TO THE ASSEMBLY ARE NOW ASSIGNED TO THE RESERVED POWERS BOARD. FORM 990, PART VI, SECTION A, LINE 6 THERE WILL BE 3 CLASSES OF MEMBERS, REGULAR MEMBERS, ASSOCIATE MEMBERS AND PUBLIC MEMBERS. REGULAR MEMBERS SHALL BE ALL THE PRIMARY AND CONJOINT MEDICAL SPECIALTY MEMBER BOARDS (CURRENTLY 24) WHICH HAVE BEEN APPROVED BY THIS CORPORATION IN ACCORDANCE WITH THE CRITERIA STIPULATED IN THE ESSENTIALS FOR APPROVAL OF EXAMINING BOARDS IN MEDICAL SPECIALTIES' AS ESTABLISHED BY THIS CORPORATION FROM TIME TO TIME. THE TOTAL NUMBER OF VOTES FOR REGULAR MEMBERS SHALL BE ONE HUNDRED. EACH PRIMARY AND CONJOINT MEMBER SHALL HAVE A BASE VOTE OF TWO. THE REMAINING VOTES SHALL BE PRORATED ACCORDING TO THE PERCENTAGE OF NEW DIPLOMATES CERTIFIED BY EACH MEMBER BOARD DURING THE PREVIOUS FIVE CALENDAR YEARS. VOTES FOR EACH MEMBER BOARD SHALL BE RECALCULATED ANNUALLY ON A BASIS OF THE NUMBER OF DIPLOMATES CERTIFIED BY EACH BOARD DURING THE PREVIOUS FIVE CALENDAR YEARS. ASSOCIATE MEMBERS SHALL BE LIMITED TO SUCH ORGANIZATIONS INTERESTED IN GRADUATE MEDICAL EDUCATION OR THE STANDARDS OF MEDICAL PRACTICE AS, IN THE SOLE OPINION OF THIS CORPORATION, CAN ASSIST IT SIGNIFICANTLY IN THE ATTAINMENT OF ITS PURPOSE. PUBLIC MEMBERS SHALL BE PERSONS ELECTED BY THE BOARD OF DIRECTORS TO BRING VIEWPOINTS FROM THE GENERAL PUBLIC TO THE DELIBERATIONS OF THE CORPORATION. THEY SHALL NOT EXCEED 4 IN NUMBER, AND SHALL BE ELECTED FOR AN INITIAL TERM OF 3 YEARS. EACH PUBLIC MEMBER IS ENTITLED TO ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A SEE DESCRIPTION FOR PART VI, 7B BELOW FORM 990, PART VI, SECTION A, LINE 7B THE RESERVED POWERS BOARD, ACTING FOR THE MEMBERS, SHALL HAVE THE FOLLOWING SPECIFIED POWERS AND RESPONSIBILITIES: DETERMINING BY A TWO-THIRD AFFIRMATIVE VOTE THE RECOGNITION AND APPROVAL BY THE CORPORATION OF ALL PRIMARY AND CONJOINT MEDICAL SPECIALTY BOARDS (THEREBY ALSO ESTABLISHING A REGULAR MEMBER OF THE CORPORATION) AND OF ALL APPROVED MEDICAL SUBSPECIALTIES AND THE APPROPRIATE MEDICAL SPECIALTY (IES). ELECTING BY SIMPLE MAJORITY AT THE ANNUAL MEETING EACH YEAR, THOSE OFFICERS, COMMITTEE MEMBERS AND REPRESENTATIVES TO OTHER ORGANIZATIONS REQUIRING ELECTION FROM AMONG PERSONS NOMINATED BY THE GOVERNANCE COMMITTEE OR FROM THE FLOOR. APPROVING BY A TWO-THIRDS AFFIRMATIVE VOTE ALL PROPOSED INCREASES (BUT NOT DECREASES) ON MEMBERSHIP DUES OF ANY PROPOSED ASSESSMENTS OF THE MEMBER BOARDS. APPROVING BY A TWO-THIRDS AFFIRMATIVE VOTE ALL PROPOSED AMENDMENTS TO THE CORPORATION'S ARTICLES OF INCORPORATION OR TO THE ARTICLE III OF THESE BYLAWS. RESOLVING BY A SIMPLE MAJORITY AFFIRMATIVE VOTE (UNLESS A GREATER MAJORITY IS REQUIRED BY LAW OF BY THESE BYLAWS) ANY DISPUTED SUBSTANTIVE AND NONPROCEDURAL MATTER BEFORE THE BOARD OF DIRECTORS WHICH IS CERTIFIED IN WRITING BY AT LEAST FIVE OR MORE DIRECTORS FOR REFERRAL TO THE RESERVED POWERS BOARD, WHICH REFERRAL SHALL INCLUDE THE WRITTEN RECOMMENDATIONS OF THE BOARD OF DIRECTORS ON THE MATTER. APPROVING BY A SIMPLE MAJORITY AFFIRMATIVE VOTE THE ANNUAL BUDGET OF THE ABMS. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. THE INDEPENDENT CPA FIRM PRESENTS THE 990 TO MANAGEMENT AND THE FINANCE AND AUDIT COMMITTEE AND THE FINANCE AND AUDIT COMMITTEE REVIEWS AND APPROVES THE 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 AT THE BEGINNING OF ALL BOARD AND BOARD COMMITTEE MEETINGS MEMBERS ARE ASKED TO DISCLOSE CONFLICTS OF INTEREST AND DUALITIES. THE MINUTES OF THE BOARD AND OF ALL BOARD COMMITTEES SHALL CONTAIN THE NAMES OF THE PERSONS 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 OF INTEREST IN FACT EXISTED. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15: FOR CEO COMPENSATION 1 MEMBERS OF THE EXECUTIVE COMMITTEE, WHO ARE INDEPENDENT, SET THE COMPENSATION FOR THE CEO. 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 CEO SETS COMPENSATION IN CONSULTATION WITH AN OUTSIDE CONSULTING FIRM AND CONSIDERING COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 PUBLISH ANNUAL REPORT CONTAINING GOVERNING DOCUMENTS. AVAILABLE ON WEBSITE. GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH APPLICABLE GOVERNMENTAL AGENCIES; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART VII, SECTION A - COMPENSATION THE COMPENSATION REPORTED IN PART VII IS THE COMPENSATION PAID BY THE FILING ORGANIZATION ABMS FOR A FULL-TIME POSITION HOWEVER A PORTION OF THE INDIVIDUAL'S TIME IS DEVOTED TO A RELATED ORGANIZATION, AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH AND EDUCATION FOUNDATION AND IS REIMBURSED BY THE AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH AND EDUCATION FOUNDATION. ABMS INTERNATIONAL LLC 222 N LASALLE ST SUITE 1500 CHICAGO IL 60601 274201101 HOLDING COMPANY IL 3098793 2978431 ABMS ABMS SINGAPORE LLC 222 N LASALLE ST SUITE 1500 CHICAGO IL 60601 274201326 CERTIFICATION ACTIVITIES IL 0 0 ABMS INTERNATIONAL LLC ABMS SOLUTIONS LLC 222 N LASALLE ST SUITE 1500 CHICAGO IL 60601 453952583 PROVIDING CERTIFICATION SOLUTIONS FOR CREDENTIALERS IL 2784523 1976154 ABMS AMERICAN BOARD OF MEDICAL SPECIALTIES RESEARCH AND EDUCATION FOUNDATION 222 NORTH LASALLE ST 1500 CHICAGO IL 60601 237304902 RESEARCH AND EDUCATION IL 501(C)(3) LINE 11A, I ABMS 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 ABMS RESEARCH AND EDUCATION FOUNDATION Q 1833729 AUDITED EXPENSE REPORT ABMS RESEARCH AND EDUCATION FOUNDATION B 1408000 CASH