American Board Of Medical Specialties Research & Education F
- Assets
- $508.5k
- Revenue
- $484.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1973
- Data as of
- 12/2023
- EIN
- 23-7304902
Organization Overview
American Board Of Medical Specialties Research & Education F is located in Chicago, IL. The organization was established in 1973. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Board Of Medical Specialties Research & Education F is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, American Board Of Medical Specialties Research & Education F generated $484.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 3.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, American Board Of Medical Specialties Research & Education F has awarded 33 individual grants totaling $495,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ABMS RESEARCH AND EDUCATION FOUNDATION (ABMS REF) SUPPORTS THE SCIENTIFIC, (CONTINUED IN SCH O) SCHOLARLY AND PUBLIC EDUCATION PURPOSES OF THE AMERICAN BOARD OF MEDICAL SPECIALTIES (ABMS).
Describe the Organization's Program Activity:
Part 3 - Line 4a
ABMS REF OVERSEES THE IMPLEMENTATION AND COORDINATION OF THE ABMS VISITING SCHOLARS PROGRAM (VSP). VSP IS FOR EARLY-CAREER PHYSICIANS, MEDICAL AND SURGICAL SPECIALISTS, AND RESEARCH PROFESSIONALS, JUNIOR FACULTY, FELLOWS, AND RESIDENTS, AS WELL AS INDIVIDUALS HOLDING MASTER OR DOCTORATE DEGREES IN PUBLIC HEALTH, HEALTH SERVICES RESEARCH, EDUCATIONAL EVALUATION AND STATISTICS, PUBLIC HEALTH POLICY AND ADMINISTRATION, OR OTHER RELEVANT DISCIPLINES.VSP SCHOLARS ARE EXPOSED TO THE FIELDS OF PHYSICIAN PROFESSIONAL ASSESSMENT AND CONTINUING PROFESSIONAL DEVELOPMENT, QUALITY IMPROVEMENT, HEALTH CARE POLICY AND REGULATION, AND HEALTH SERVICES RESEARCH. VSP SCHOLARS CONDUCT RESEARCH IN (CONTINUED IN SCH O) COLLABORATION WTH MENTORS FROM THEIR INSITITUTIONS, ABMS, AND ABMS MEMBER BOARDS. THROUGH THEIR RESEARCH AND PROGRAM ENGAGEMENT, VSP SCHOLARS INFORM THE STUDY OF CONTINUING PROFESSIONAL DEVELOPMENT, PHYSICIAN ASSESSMENT, SELF-REGULATION, AND QUALITY IMPROVEMENT.
ABMS REF SYNERGIZES, GUIDES, CONVENES, FACILITATES CONDUCTS, AND COLLABORATES IN RELATION TO ALL ASPECTS OF RESEARCH REGARDING ABMS INITIAL AND CONTINUING CERTIFICATION ACROSS 24 MEMBER BOARDS. ABMS REF ALSO PARTNERS WITH OTHER RESEARCHERS TO DEVELOP RESEARCH IN THE AREAS OF QUALITY AND PERFORMANCE IMPROVEMENT, PATIENT SAFETY, ADULT LEARNING AND EDUCATION, RESEARCH AND EDUCATION FOUNDATION AND OTHER DISCIPLINES. THE ABMS REF CONDUCTS PROGRAM EVALUATION AND RESEARCH ON THE ABMS LONGITUDINAL ASSESSMENT PROGRAMS TO ANALYZE PHYSICIAN KNOWLEDGE, JUDGEMENT, AND SKILLS.
ABMS REF DEVELOPS, DEPLOYS, MAINTAINS, AND IMPROVES AN ONLINE REPOSITORY OF PUBLISHED LITERATURE AND OTHER PRESENTATIONS ON INITIAL PHYSICIAN SPECIALTY CERTIFICATION, CONTINUING PHYSICIAN SPECIALTY CERTIFICATION, OR COMPONENTS OF CONTINUOUS CERTIFICATION SUCH AS KNOWLEDGE ASSESSMENT, ADULT LEARNING AND EDUCATION, AND QUALITY IMPROVEMENT. THIS CURATED REPOSITORY INFORMS RESEARCHERS, KEY STAKEHOLDERS AND ABMS MEMBER BOARDS REGARDING FINDINGS THAT CAN BE USED TO IMPROVE THE CERTIFICATION PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard E Hawkins MD President & CEO | OfficerTrustee | 2 | $33,403 |
Larry A Green MD Immediate Past Chair | OfficerTrustee | 1 | $2,500 |
Susan Ramin MD Secretary-Treasurer | OfficerTrustee | 1 | $2,500 |
Rebecca L Johnson MD Chair (as Of 6/23) | OfficerTrustee | 1 | $2,500 |
Keith Brandt MD Director | Trustee | 1 | $0 |
Michael L Carius MD Chair (thru 2/23) | OfficerTrustee | 1 | $1,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $480,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $480,000 |
| Total Program Service Revenue | $0 |
| Investment income | $4,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $484,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $195,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,072 |
| Compensation of current officers, directors, key employees. | $127,072 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $405,788 |
| Pension plan accruals and contributions | $24,178 |
| Other employee benefits | $42,410 |
| Payroll taxes | $31,507 |
| Fees for services: Management | $134,954 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $796 |
| Fees for services: Other | $4,165 |
| Advertising and promotion | $5,024 |
| Office expenses | $1,344 |
| Information technology | $29,777 |
| Royalties | $0 |
| Occupancy | $57,131 |
| Travel | $4,393 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,675 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,465 |
| Insurance | $15,711 |
| All other expenses | $0 |
| Total functional expenses | $1,096,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,975 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $167,482 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $508,457 |
| Accounts payable and accrued expenses | $57,571 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,207,540 |
| Total liabilities | $3,265,111 |
| Net assets without donor restrictions | -$3,264,137 |
| Net assets with donor restrictions | $507,483 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $508,457 |
Grants Awarded
Over the last fiscal year, American Board Of Medical Specialties Research & Education F has awarded $195,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF PITTSBURGH PURPOSE: VISITING SCHOLAR PROGRAM | $30,000 |
JOHN HOPKINS UNIVERSITY SCHOOL OF MEDICINE PURPOSE: VISITING SCHOLAR PROGRAM | $60,000 |
UNIVERSITY OF NORTH CAROLINA - CHAPEL HILL PURPOSE: VISITING SCHOLAR PROGRAM | $15,000 |
THE CLEVELAND VA MEDICAL RESEARCH & EDUCATION FOUNDATION PURPOSE: VISITING SCHOLAR PROGRAM | $15,000 |
SAINT LOUIS UNIVERSITY PURPOSE: VISITING SCHOLAR PROGRAM | $15,000 |
MAYO CLINIC PURPOSE: VISITING SCHOLAR PROGRAM | $15,000 |