American Board Of Psychiatry And Neurology Inc
- Assets
- $191.7m
- Revenue
- $26.4m
- Investments
- $42.5m
- Employees
- 46
- Location
- Deerfield, IL
- Founding
- 05/1939
- Data as of
- 12/2023
- EIN
- 41-0654864
Organization Overview
American Board Of Psychiatry And Neurology Inc is located in Deerfield, IL. The organization was established in 1939. According to its NTEE Classification (G02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, American Board Of Psychiatry And Neurology Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Board Of Psychiatry And Neurology Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, American Board Of Psychiatry And Neurology Inc generated $26.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $18.3m during the year ending 12/2023. While expenses have increased by 4.5% 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 2020, American Board Of Psychiatry And Neurology Inc has awarded 36 individual grants totaling $18,700,000. 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
THE MISSION OF THE ABPN IS TO PROMOTE AND ASSESS THE COMPETENCE OF PSYCHIATRISTS AND NEUROLOGISTS TO PROVIDE HIGH QUALITY PATIENT CARE IN AN EQUITABLE AND INCLUSIVE MANNER TO DIVERSE POPULATIONS BY: -ESTABLISHING STANDARDS AND REQUIREMENTS FOR INITIAL AND CONTINUING CERTIFICATION; -IMPLEMENTING STATE-OF-THE-ART TESTING METHODS TO EVALUATE CANDIDATE AND DIPLOMATECOMPETENCIES; -ENCOURAGING AND ASSESSING DIPLOMATE INVOLVEMENT IN LIFELONG LEARNING; -APPLYING AVAILABLE TECHNOLOGIES AND INFORMATION TO COLLECT AND ANALYZE PERTINENT DATA; -COMMUNICATING AND COLLABORATING WITH TRAINING PROGRAMS, RESIDENTS, CANDIDATES,DIPLOMATES, PROFESSIONAL AND HEALTH CARE ORGANIZATIONS, AND THE PUBLIC; -SUPPORTING INNOVATIVE EDUCATIONAL AND RESEARCH PROGRAMS RELEVANT TO PSYCHIATRISTSAND NEUROLOGISTS; -OPERATING PROGRAMS AND SERVICES EFFECTIVELY AND EFFICIENTLY; AND -ADVANCING DIVERSITY, EQUITY, AND INCLUSION IN ALL PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXAMINATION FEES. EXAMINING CANDIDATES IN VARIOUS SPHERES OF PSYCHIATRY AND NEUROLOGY, GRANTING AND ISSUING CERTIFICATES TO THOSE DEEMED COMPETENT BY THE AMERICAN BOARD OF PSYCHIATRY & NEUROLOGY, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey M Lyness MD President/ceo | OfficerTrustee | 40 | $752,559 |
Larry Faulkner President/ceo-By 01/01/23 | OfficerTrustee | 40 | $777,547 |
Joan Anzia MD Chair | OfficerTrustee | 5 | $21,000 |
Jaffar Khan MD Treasurer | OfficerTrustee | 5 | $21,000 |
Allison Brashear MD Vice Chair | OfficerTrustee | 5 | $21,000 |
Josepha A Cheong MD Secretary | OfficerTrustee | 5 | $21,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mitchell Barlow & Mansfield Legal Services | 12/30/23 | $661,371 |
3cloud Llc Custom Software | 12/30/23 | $427,356 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $21,442,018 |
| Investment income | $3,519,975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,462,378 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,435,371 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000,000 |
| Grants and other assistance to domestic individuals. | $700,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,081,816 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,317,447 |
| Pension plan accruals and contributions | $218,492 |
| Other employee benefits | $1,101,064 |
| Payroll taxes | $322,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $654,755 |
| Fees for services: Accounting | $51,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $195,996 |
| Fees for services: Other | $181,090 |
| Advertising and promotion | $0 |
| Office expenses | $44,673 |
| Information technology | $136,557 |
| Royalties | $0 |
| Occupancy | $579,086 |
| Travel | $63,102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,163,652 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,087,090 |
| Insurance | $236,770 |
| All other expenses | $704,129 |
| Total functional expenses | $18,322,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,688,631 |
| Savings and temporary cash investments | $22,069,881 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,931,594 |
| 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 | $1,074,379 |
| Net Land, buildings, and equipment | $20,057,562 |
| Investments—publicly traded securities | $89,484,918 |
| Investments—other securities | $42,497,033 |
| Investments—program-related | $0 |
| Intangible assets | $2,885,442 |
| Other assets | $2,012,996 |
| Total assets | $191,702,436 |
| Accounts payable and accrued expenses | $835,480 |
| Grants payable | $0 |
| Deferred revenue | $2,059,880 |
| 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 | $52,502 |
| Total liabilities | $2,947,862 |
| Net assets without donor restrictions | $188,754,574 |
| Net assets with donor restrictions | $0 |
| 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 | $191,702,436 |
Grants Awarded
Over the last fiscal year, American Board Of Psychiatry And Neurology Inc has awarded $2,000,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF NEUROLOGY PURPOSE: TO SUPPORT THE AVAILABILITY OF EDUCATION CREDITS FOR ITS DIPLOMATES AND THE AANI'S | $1,000,000 |
AMERICAN PSYCHIATRIC ASSOCIATION (APA) PURPOSE: TO SUPPORT THE AVAILABILITY OF EDUCATION CREDITS FOR ITS DIPLOMATES AND THE APA'S | $1,000,000 |