2011-08-15T12:25:32-05:00 2010-12-31 BLACKMAN KALLICK LLP 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2010-01-01 410847713 AMERICAN BOARD OF MEDICAL SPECIALTIES AMER 3124362600 222 NORTH LASALLE STREET NO 1500 CHICAGO IL 60601 KEVIN B WEISS 3124362600 2011-08-10 1 DAVID LOWENTHAL 3122071040 2011-08-10 2010 2016-02-24 21:20:13Z KEVIN B WEISS MD 222 NORTH LASALLE STREET NO 1500 CHICAGO IL 60601 12099944 0 X WWW.ABMS.ORG X 1935 IL SEE SCHEDULE O EXPLANATIONOUR MISSIONTHE AMERICAN BOARD OF MEDICAL SPECIALTIES (ABMS) IS THE ORGANIZATION THAT ASSISTS ITS MEMBER BOARDS IN DEVELOPING AND UTILIZING STANDARDS FOR PHYSICIAN SPECIALTY CERTIFICATION AND MAINTENANCE OF CERTIFICATION (ABMS MOC), INCLUDING PERFORMANCE ASSESSMENTS. ABMS COMMUNICATES INFORMATION ABOUT THESE STANDARDS TO SUPPORT THE PUBLIC'S QUEST FOR SAFE, HIGH QUALITY HEALTHCARE. OUR VISIONTO BE A LEADER IN IMPROVING THE SAFETY AND QUALITY OF MEDICAL CARE THROUGH ABMS POLICIES AND THE PHYSICIANS CERTIFICATION PROCESSES OF MEMBER BOARDS.OUR PURPOSETO ESTABLISH AND MAINTAIN HIGH STANDARDS FOR THE DELIVERY OF SAFE, QUALITY MEDICAL CARE BY CERTIFIED PHYSICIAN SPECIALISTS. 31 30 43 203 0 0 0 0 6865728 9386840 619078 213031 12013 32421 7496819 9632292 0 1055000 0 0 3359211 3707342 0 0 0 2647022 5031517 6006233 9793859 1490586 -161567 12494983 13558402 2343969 2971349 10151014 10587053 X THE AMERICAN BOARD OF MEDICAL SPECIALTIES (ABMS) IS AN ORGANIZATION OF MEDICAL SPECIALTY BOARDS WITH GOALS AND STANDARDS RELATED TO CERTIFICATION OF MEDICAL SPECIALISTS. THIS INCLUDES INITIAL SPECIALTY AND SUBSPECIALTY CERTIFICATION AND MAINTENANCE OF CERTIFICATION THROUGHOUT THE PHYSICIAN'S CAREER. THE MISSION OF THE ABMS IS TO IMPROVE THE QUALITY OF MEDICAL CARE BY ASSISTING MEMBER BOARDS TO DEVELOP AND UTILIZE PROFESSIONAL AND EDUCATIONAL STANDARDS FOR THE CERTIFICATION OF PHYSICIAN SPECIALISTS. THE INTENT OF SUCH CERTIFICATION IS TO PROVIDE ASSURANCE TO THE PUBLIC THAT A PHYSICIAN CERTIFIED BY A MEMBER BOARD OF THE ABMS HAS SUCCESSFULLY COMPLETED AN APPROVED EDUCATIONAL PROGRAM AND BEEN EVALUATED IN 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 GOVERNMENT, THE PROFESSION AND ITS MEMBERS CONCERNING ISSUES INVOLVING CERTIFICATION OF PHYSICIANS. 0 0 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. 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 CERTIFICATION 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 THE CONSUMER ASSESSMENT OF HEALTHCARE PROVIDERS AND SYSTEMS (CHAPS) AND PATIENT SAFETY IMPROVEMENTS PROGRAMS (PSIP). 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 0 0 1 17 0 43 1 0 0 0 0 0 0 X 31 30 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X SUSAN O'CONNELL 3124362616 222 N LASALLLE ST STE 1500 CHICAGO IL 60601 JOHN B MCCABE MD 2.00 X X 0 0 0 JOHN E MAYER MD 1.00 X 0 0 0 THOMAS E NORRIS MD 2.00 X X 0 0 0 VALERIE M PARISIMDMPHMBA 2.00 X X 0 0 0 JUDITH F BAUMHAUER MDMPH 1.00 X 0 0 0 GARY J BECKER MD 1.00 X 0 0 0 JO BUYSKE MD 1.00 X 0 0 0 L EDWARD BRYANT JRJD 1.00 X 0 0 0 DAVID H CHESTNUT MD 1.00 X 0 0 0 JOHN G CLARKSON MD 1.00 X 0 0 0 BRUCE J GANTZ MD 1.00 X 0 0 0 LARRY A GREEN MD 1.00 X 0 0 0 ANNE-MARIE IRANI MD 1.00 X 0 0 0 REBECCA L JOHNSON MD 1.00 X 0 0 0 GERALD H JORDAN MD 1.00 X 0 0 0 WENDY S LEVINSON MD 1.00 X 0 0 0 KARLA MATTESON PHD 1.00 X 0 0 0 DENNIS J MATTHEWS MD 1.00 X 0 0 0 JOHN C MOORHEAD MD 1.00 X 0 0 0 LLOYD B MORGAN 1.00 X 0 0 0 THOMAS A MUSTOE MD 1.00 X 0 0 0 MARGARET E O'KANE MHS 1.00 X 0 0 0 TAE SUNG PARK MD 1.00 X 0 0 0 RANDALL K ROENIGK MD 1.00 X 0 0 0 BARBARA S SCHNEIDMANMD MPH 1.00 X 0 0 0 DAVID J SCHOETZ JRMD 1.00 X 0 0 0 GEORGE M SEGALL MD 1.00 X 0 0 0 JAMES A STOCKMAN IIIMD 1.00 X 0 0 0 JAMES M VANDERPOEG MD MPH 1.00 X 0 0 0 GERSON WEISS MD 1.00 X 0 0 0 KEVIN B WEISS MD 40.00 X X 499422 0 78699 MARGARET JUNG 40.00 X 211509 0 23248 RICHARD HAWKINS MD 40.00 X 352921 0 45615 SHELDON HOROWITZ MD 33.50 X 194784 0 39954 BARB ROSENTHAL 40.00 X 134021 0 17583 LORI BOUKAS 40.00 X 121273 0 16542 ROBIN WAGNER 40.00 X 112144 0 21376 MELICIA POUWELS 40.00 X 106575 0 18873 MIKE COYNE 40.00 X 106237 0 17539 STEPHEN H MILLER 1.00 X 156944 0 0 1995830 0 279429 10 1 1 0 HURON CONSULTING GROUP 4795 PAYSPHERE CIRCLE CHICAGO IL 60674 MANAGEMENT CONSULTING 480287 PCI INC 1 EAST WACKER DRIVE SUITE 2450 CHICAGO IL 60601 PUBLIC RELATIONS CONSULTING 352390 JOHNSON & BELL 33 W MONROE SUITE 2700 CHICAGO IL 60603 LEGAL 272950 EMMER CONSULTING 7713 OLDCHESTER ROAD BETHESDA MD 20817 ADVOCACY 121094 BIRIS LTD 3650 S LAKE SHORE DRIVE LAKE GENEVA WI 53147 MANAGEMENT CONSULTING 112230 7 DUES 900099 5018002 5018002 LICENSE FEE 900099 3436010 3436010 INTERNATIONAL REVENUE 900099 922019 922019 CONFERENCE 900099 10809 10809 9386840 184828 184828 2495855 2467652 28203 28203 28203 MISCELLANEOUS 900099 32421 32421 32421 9632292 5950830 0 3681462 1055000 1446152 1750599 75130 232044 203417 1170478 639780 58446 114034 37086 679538 265290 121374 367996 224038 917174 46546 146242 39266 RECRUITMENT 120698 CALL CENTER 60000 EDUCATION 23531 9793859 1175657 400344 1155282 2307767 77843 173161 1222959 667626 456629 555333 6815866 7507932 2813706 2613865 12494983 13558402 978804 1608388 70284 167765 1294881 1195196 2343969 2971349 X 10151014 10587053 10151014 10587053 12494983 13558402 X -161567 597606 X X 0 1 1 X 0 0 0 0 5018002 121094 90354 211448 211448 351011 111153 239858 871948 556473 315475 555333 DUE FROM ABMS RESEARCH AND EDUC. FOUND. 1423282 DEFERRED COMPENSATION PLAN ASSETS 940583 SECURITY DEPOSIT 250000 2613865 DEFERRED COMPENSATION PLAN 940583 DEFERRED RENT 254613 1195196 9632292 9793859 -161567 597606 597606 436039 10192812 597606 597606 9595206 37086 37086 9632292 8701773 0 8701773 37086 1055000 1092086 9793859 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ASSOCIATION AND FOUNDATION'S ADOPTION OF THE INCOME TAX TOPIC REGARDING UNCERTAIN TAX POSITIONS OF GAAPUSA ON JANUARY 1, 2009 HAD NO EFFECT ON ITS FINANCIAL POSITION AS MANAGEMENT BELIEVES THE ASSOCIATION AND FOUNDATION HAVE NO MATERIAL UNRECOGNIZED INCOME TAX BENEFITS, INCLUDING ANY POTENTIAL RISK OF LOSS OF ITS NOT-FOR-PROFIT TAX STATUS. THE ASSOCIATION AND FOUNDATION WOULD ACCOUNT FOR ANY POTENTIAL INTEREST OR PENALTIES RELATED TO POSSIBLE FUTURE LIABILITIES FOR UNRECOGNIZED INCOME TAX BENEFITS AS OTHER EXPENSE. THE ASSOCIATION AND FOUNDATION ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR PERIODS BEFORE 2006. PRIOR TO ADOPTION OF THE INCOME TAX TOPIC, THE ASSOCIATION AND FOUNDATION ACCOUNTED FOR TAX POSITIONS UNDER A CONTINGENT LOSS MODEL, REQUIRING RECOGNITION OF A TAX LIABILITY WHEN IT WAS BOTH (1) PROBABLE THAT IT HAD BEEN INCURRED AS OF YEAR-END AND (2) THE AMOUNT COULD BE REASONABLY ESTIMATED. PART XIII, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTION RECORDED AS TRANSFER OF NET ASSETS EAST ASIA AND THE PACIFIC 0 PROGRAM SERVICES DEVELOPMENT OF SPECIALTY PROGRAM PLATFORM 1387476 0 0 0 1387476 0 1387476 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: USING THE ACCRUAL METHOD. 0 ABMS RESEARCH AND EDUCATION FOUNDATION 222 NORTH LASALLE STREET 1500 CHICAGO IL 60601 237304902 501(C)(3) 1055000 RESEARCH AND EDUCATION 1 0 X X X X X 0 1 0 KEVIN B WEISS MD 426386 0 73036 0 0 0 30536 0 48163 0 578121 0 0 0 MARGARET JUNG 193896 0 17613 0 0 0 0 0 23248 0 234757 0 0 0 RICHARD HAWKINS MD 299137 0 53784 0 0 0 0 0 45615 0 398536 0 0 0 SHELDON HOROWITZ MD 187479 0 7305 0 0 0 0 0 39954 0 234738 0 0 0 BARB ROSENTHAL 134021 0 0 0 0 0 0 0 17583 0 151604 0 0 0 STEPHEN H MILLER 156944 0 0 0 0 0 0 0 0 0 156944 0 0 0 PART I, LINE 4B KEVIN B. WEISS, PRESIDENT AND CEO, ACCRUED BENEFITS OF $30,536 FROM A NON-QUALIFIED DEFERRED COMPENSATION PLAN. 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. 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 3 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 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. 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. 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. 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. 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. FORM 990, PART VI, SECTION B, LINE 15A 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 597,606. FORM 990 PART XI, LINE 2C REVIEW OF AUDITED FINANCIAL STATEMENTS THERE HAS BEEN NO CHANGE IN THE BOARD PROCESS TO REVIEW THE AUDIT OF FINANCIAL STATEMENTS ABMS - INTERNATIONAL LLC 222 N LASALLE ST SUITE 1500 CHICAGO IL 60601 274201101 HOLDING COMPANY DE 0 0 N/A ABMS - SINGAPORE LLC 222 N LASALLE ST SUITE 1500 CHICAGO IL 60601 274201326 HOLDING COMPANY DE 0 0 ABMS - INTERNATIONAL LLC ABMS RESEARCH AND EDUCATION FOUNDATION 222 NORTH LASALLE ST 1500 CHICAGO IL 60601 237304902 RESEARCH AND EDUCATION IL 501(C)(3) 509(A)(3) 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 ABMS RESEARCH AND EDUCATION FOUNDATION M 254168 AUDITED EXPENSE REPORT ABMS RESEARCH AND EDUCATION FOUNDATION N 648166 AUDITED EXPENSE REPORT ABMS RESEARCH AND EDUCATION FOUNDATION O 902334 AUDITED EXPENSE REPORT