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      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>ABMS RESEARCH AND EDUCATION FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>222 NORTH LASALLE STREET 1500</AddressLine1>
          <City>CHICAGO</City>
          <State>IL</State>
          <ZIPCode>60601</ZIPCode>
        </AddressUS>
        <EINOfRecipient>237304902</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>850000</AmountOfCashGrant>
        <PurposeOfGrant>RESEARCH AND EDUCATION</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>1</TotalNbrOf501C3AndGovtGrants>
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        <Identifier>PROCEDURE FOR MONITORING GRANTS IN THE U.S.:</Identifier>
        <ReturnReference>PART I, LINE 2:</ReturnReference>
        <Explanation>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.</Explanation>
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    </IRS990ScheduleI>
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      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
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      <SupplementalNonqualRetirePlan>1</SupplementalNonqualRetirePlan>
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      <Form990ScheduleJPartII>
        <NamePerson>KEVIN B WEISS MD</NamePerson>
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        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
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        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
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      <Form990ScheduleJPartII>
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        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>TOM GRANATIR</NamePerson>
        <BaseCompensationFilingOrg>202210</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>27500</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>24888</DeferredCompFilingOrg>
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        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
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      <Form990ScheduleJPartII>
        <NamePerson>SHELDON D HOROWITZ</NamePerson>
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        <BonusFilingOrg>7488</BonusFilingOrg>
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        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>26207</DeferredCompFilingOrg>
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        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
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      <Form990ScheduleJPartII>
        <NamePerson>MELICIA POUWELS</NamePerson>
        <BaseCompensationFilingOrg>127680</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>12400</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>10891</DeferredCompFilingOrg>
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        <NontaxableBenefitsFilingOrg>12294</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>163265</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>STEPHEN H MILLER</NamePerson>
        <BaseCompensationFilingOrg>0</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>149791</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>149791</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>149791</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <ReturnReference>PART I, LINE 4B</ReturnReference>
        <Explanation>KEVIN B. WEISS, PRESIDENT AND CEO, ACCRUED BENEFITS OF $36,677 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 $149,791 IN 2011 TO THE FORMER PRESIDENT.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>ORGANIZATION MISSION STATEMENT</Identifier>
        <ReturnReference>FORM 990, PART III, LINE 1</ReturnReference>
        <Explanation>CERTIFICATION THROUGHOUT THE PHYSICIAN'S CAREER. THE MISSION OF THE 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. THE INTENT OF BOTH THE INITIAL CERTIFICATION OF PHYSICIANS AND THE MAINTENANCE OF CERTIFICATION IS TO PROVIDE ASSURANCE TO THE PUBLIC THAT A PHYSICIAN SPECIALIST CERTIFIED BY A MEMBER BOARD OF THE ABMS HAS SUCCESSFULLY COMPLETED AN APPROVED EDUCATIONAL PROGRAM AND EVALUATION PROCESS WHICH INCLUDES COMPONENTS DESIGNED TO ASSESS THE MEDICAL KNOWLEDGE, JUDGMENT, PROFESSIONALISM AND CLINICAL AND COMMUNICATION SKILLS REQUIRED TO PROVIDE QUALITY PATIENT CARE IN THAT SPECIALTY. THE ABMS SERVES TO COORDINATE THE ACTIVITIES OF ITS MEMBER BOARDS AND TO PROVIDE INFORMATION TO THE PUBLIC, THE GOVERNMENTS OF THE UNITED STATES AND OTHER COUNTRIES, THE PROFESSION AND ITS MEMBERS CONCERNING ISSUES INVOLVING CERTIFICATION OF PHYSICIANS IN THE UNITED STATES AND INTERNATIONALLY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>NEW PROGRAM SERVICES</Identifier>
        <ReturnReference>FORM 990, PART III, LINE 2</ReturnReference>
        <Explanation>ABMS AND ITS SUBSIDIARY, ABMS SINGAPORE LLC (ABMS-S) JOINTLY DEVELOPED A PHYSICIANS ASSESSMENT FOR MEDICAL SPECIALISTS PRACTICING IN SINGAPORE. THE ARRANGEMENT WILL ALLOW SINGAPORE TO IMPLEMENT A SYSTEM OF CERTIFICATION INCORPORATING ELEMENTS OF THE MODEL IN THE UNITED STATES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 6</ReturnReference>
        <Explanation>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. EACH ASSOCIATE MEMBER ORGANIZATION IS ENTITLED TO ONE VOTE. 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.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 7A</ReturnReference>
        <Explanation>SEE DESCRIPTION FOR PART VI, 7B BELOW</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 7B</ReturnReference>
        <Explanation>THE ASSEMBLY, 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 ASSEMBLY, 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.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY. THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>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 OF 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.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15A</ReturnReference>
        <Explanation>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.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>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.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VII, SECTION A - COMPENSATION</ReturnReference>
        <Explanation>THE COMPENSATION REPORTED IN PART VII FOR THE FOLLOWING INDIVIDUALS 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, ABMS RESEARCH AND EDUCATION FOUNDATION (ABMS-REF) AND IS REIMBURSED BY ABMS-REF. FOLLOWING IS THE ESTIMATED ALLOCATION OF THE HOURS SPENT FOR EACH ENTITY: KEVIN B. WEISS - ABMS 36 HOURS AND ABMS-REF 4 HOURS RICHARD HAWKINS - ABMS 28 HOURS AND ABMS-REF 12 HOURS JENNIFER MICHAEL - ABMS 36 HOURS AND ABMS-REF 4 HOURS MARGARET JUNG - ABMS 36 HOURS AND ABMS-REF 4 HOURS LISA WASSERMAN - ABMS 36 HOURS AND ABMS-REF 4 HOURS SHELDON HOROWITZ - ABMS 15 HOURS AND ABMS-REF 15 HOURS MELICIA POUWELS - ABMS 14 HOURS AND ABMS-REF 26 HOURS</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED LOSSES ON INVESTMENTS: -230,892.</Explanation>
      </GeneralExplanation>
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      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
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        <MethodOfAmtDetermination>AUDITED EXPENSE REPORT</MethodOfAmtDetermination>
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