American Board Of Internal Medicine is located in Philadelphia, PA. The organization was established in 1946. As of 06/2021, American Board Of Internal Medicine employed 266 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Board Of Internal Medicine 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 06/2021, American Board Of Internal Medicine generated $65.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $55.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.THE AMERICAN BOARD OF INTERNAL MEDICINE (ABIM) SEEKS TO ENHANCE THE QUALITY OF HEALTH CARE BY CERTIFYING INTERNISTS AND SUBSPECIALISTS WHO DEMONSTRATE THE KNOWLEDGE, SKILLS AND ATTITUDES ESSENTIAL FOR EXCELLENT PATIENT CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ABIM BOARD CERTIFICATION DEMONSTRATES THAT PHYSICIANS HAVE COMPLETED INTERNAL MEDICINE AND SUBSPECIALTY TRAINING AND HAVE MET RIGOROUS STANDARDS THROUGH INTENSIVE STUDY, SELF-ASSESSMENT AND EVALUATION. ADDITIONALLY, CERTIFICATION ENCOMPASSES THE SIX GENERAL COMPETENCIES ESTABLISHED BY THE ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION (ACGME) AND SETS THE STAGE FOR CONTINUAL PROFESSIONAL DEVELOPMENT THROUGH VALUES CENTERED ON LIFELONG LEARNING.CONTINUED ON SCHEDULE O.IN ORDER TO BE CERTIFIED, A PHYSICIAN MUST:* COMPLETE THE REQUISITE PRE-DOCTORAL MEDICAL EDUCATION* MEET SPECIFIC TRAINING REQUIREMENTS* MEET LICENSURE REQUIREMENTS AND PROCEDURAL REQUIREMENTS* PASS A CERTIFICATION EXAMINATIONABIM ADMINISTERS ITS CERTIFICATION PROCESS BY: (1) ESTABLISHING REQUIREMENTS FOR TRAINING AND SELF-EVALUATION; (2) ASSESSING THE PROFESSIONAL CREDENTIALS OF CANDIDATES; (3) OBTAINING SUBSTANTIATION BY APPROPRIATE AUTHORITIES OF THE CLINICAL COMPETENCE AND PROFESSIONAL STANDING OF CANDIDATES; AND (4) DEVELOPING AND CONDUCTING EXAMINATIONS AND OTHER ASSESSMENTS.INITIAL CERTIFICATION BY ABIM SIGNIFIES A PHYSICIAN IS READY TO PRACTICE IN INTERNAL MEDICINE OR ONE OF ITS SUBSPECIALTIES.
ABIM'S MAINTENANCE OF CERTIFICATION (MOC) CREDENTIAL MEANS SOMETHING DIFFERENT FROM INITIAL CERTIFICATION. IT SPEAKS TO THE QUESTION OF WHETHER OR NOT AN INTERNIST IS STAYING CURRENT WITH KNOWLEDGE AND PRACTICE IN HIS/HER DISCIPLINE. ABIM ISSUES A BINARY CONSEQUENTIAL MOC CREDENTIAL THAT IS ANCHORED IN WHETHER A PHYSICIAN IS MEETING A PERFORMANCE STANDARD. ABIM ISSUES THAT CREDENTIAL BASED UPON OBJECTIVE, FAIR, DEFENSIBLE PSYCHOMETRICALLY RIGOROUS STANDARDS. PARTICIPATION IN MOC MEANS THAT A PHYSICIAN IS DEMONSTRATING THAT S/HE IS ENGAGED IN CERTAIN CONTINUOUS LEARNING AND EDUCATION ACTIVITIES. CONTINUED ON SCHEDULE O.PARTICIPATING ABIM BOARD CERTIFIED PHYSICIANS REGULARLY (AT LEAST EVERY TWO YEARS) COMPLETE APPROVED MOC ACTIVITIES THROUGH A STRUCTURED FRAMEWORK CREATED BY THEIR PEERS FOR KEEPING UP WITH THE LATEST SCIENTIFIC DEVELOPMENTS AND CHANGES IN PRACTICE AND IN SPECIALTY AREAS. THEY NEED TO EARN MOC POINTS EVERY FIVE YEARS, AND TAKE A SECURE EXAMINATION IN THEIR DISCIPLINE EVERY TEN YEARS. MOST DIPLOMATES CERTIFIED PRIOR TO 1990 ARE STRONGLY URGED TO PARTICIPATE IN MOC BUT ARE NOT REQUIRED TO DO SO TO REMAIN CERTIFIED. FOR ALL DIPLOMATES, IN ADDITION TO REPORTING BOARD CERTIFICATION, ABIM WILL REPORT IF THEY ARE PARTICIPATING IN THE MOC PROGRAM (I.E., ENGAGING IN MOC ACTIVITIES FREQUENTLY).PARTICIPATION IN MOC AND CONTINUED CERTIFICATION BY ABIM SIGNIFIES A PHYSICIAN IS STAYING CURRENT IN HIS OR HER DISCIPLINE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard J Baron President | OfficerTrustee | 32 | $846,972 |
Richard Battaglia Chief Medical Officer | Officer | 40 | $464,982 |
Furman Mcdonald Svp, Academic & Medical Affairs | Officer | 40 | $422,663 |
Rebecca Lipner Svp, Assessment & Research | Officer | 40 | $404,854 |
Judith Cassel Chief Of Staff | Officer | 40 | $365,975 |
Vincent Mandes Senior Vice President/cfo | Officer | 36 | $356,339 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ballard Spahr Llp Legal Services | 6/29/21 | $892,288 |
Evolta Llc It Recruiting | 6/29/21 | $523,311 |
East West Systems Inc Software Services | 6/29/21 | $508,705 |
Insight Global Employment Agency | 6/29/21 | $473,616 |
Zoomorphix Software Services | 6/29/21 | $415,438 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $64,320,194 |
Investment income | $61,570 |
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 | $65,250,623 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $4,492,375 |
Compensation of current officers, directors, key employees. | $1,088,503 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $18,810,027 |
Pension plan accruals and contributions | $2,241,947 |
Other employee benefits | $1,928,962 |
Payroll taxes | $1,647,948 |
Fees for services: Management | $0 |
Fees for services: Legal | $794,054 |
Fees for services: Accounting | $55,331 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,805,085 |
Advertising and promotion | $0 |
Office expenses | $1,152,876 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $3,370,196 |
Travel | $34,187 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $373,795 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,546,960 |
Insurance | $685,274 |
All other expenses | $477,632 |
Total functional expenses | $55,486,006 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $50,571,599 |
Savings and temporary cash investments | $22,906,755 |
Pledges and grants receivable | $70,114 |
Accounts receivable, net | $202,339 |
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 | $1,718,875 |
Net Land, buildings, and equipment | $2,970,577 |
Investments—publicly traded securities | $3,915,872 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $61,794 |
Total assets | $82,417,925 |
Accounts payable and accrued expenses | $6,124,685 |
Grants payable | $0 |
Deferred revenue | $84,003,046 |
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 | $12,377,430 |
Total liabilities | $102,505,161 |
Net assets without donor restrictions | -$20,157,350 |
Net assets with donor restrictions | $70,114 |
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 | $82,417,925 |
Over the last fiscal year, we have identified 2 grants that American Board Of Internal Medicine has recieved totaling $1,747,625.
Awarding Organization | Amount |
---|---|
The Abim Foundation Philadelphia, PA PURPOSE: PROGRAM/PRODUCT MODERNIZATION AND ENHANCEMENT | $1,742,625 |
Justgive Inc Weston, CT PURPOSE: General Support | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
The Center For Discovery Inc Harris, NY | $136,967,391 | $121,112,657 |
American College Of Radiology Reston, VA | $281,736,009 | $115,709,587 |
March Of Dimes Inc Arlington, VA | $88,338,195 | $103,313,398 |
American College Of Cardiology Foundation Washington, DC | $266,058,322 | $100,503,099 |
Upstate Cerebral Palsy Inc Utica, NY | $63,573,616 | $102,098,515 |
University Pediatric Associates Inc Indianapolis, IN | $25,897,136 | $100,827,780 |
Center For Disability Services Inc Albany, NY | $69,306,939 | $100,152,127 |
Joslin Diabetes Center Inc Boston, MA | $107,556,453 | $76,953,905 |
Ehs Inc Buffalo, NY | $50,318,220 | $101,388,769 |
West Michigan Cancer Center Kalamazoo, MI | $48,096,612 | $92,880,121 |
American Diabetes Association Inc Arlington, VA | $186,412,830 | $138,165,721 |
Qsac Inc New York, NY | $83,140,896 | $79,615,973 |