American Board Of Sleep Medicine
- Assets
- $543.6k
- Revenue
- $83.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Darien, IL
- Founding
- 03/1992
- Data as of
- 12/2021
- EIN
- 41-1687236
Organization Overview
American Board Of Sleep Medicine is located in Darien, IL. The organization was established in 1992. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Board Of Sleep Medicine 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 12/2021, American Board Of Sleep Medicine generated $83.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $25.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.2%) per year over the past 6 years. 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
THE AMERICAN BOARD OF SLEEP MEDICINE WAS ESTABLISHED TO PROMOTE EXCELLENCE IN MEDICAL CARE FOR PATIENTS WITH SLEEP DISORDERS. CERTIFICATION REPRESENTS DEDICATION TO THE HIGHEST LEVEL OF PROFESSIONALISM IN PATIENT CARE. ABSM CERTIFICATION IS AN ADDED MEASURE OF EXPERTISE THAT PROVIDES A STANDARD OF EXCELLENCE BY WHICH THE PUBLIC AND MEMBERS OF GOVERNMENT AND REGULATORY BODIES CAN IDENTIFY SKILL, EXPERIENCE AND COMPETENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AMERICAN BOARD OF SLEEP MEDICINE, ABSM, PROVIDES THE SLEEP TECHNOLOGIST REGISTRATION EXAMINATION. THE SLEEP TECHNOLOGIST REGISTRY EXAMINATION IS INTENDED TO CERTIFY THAT SUCCESSFUL CANDIDATES HAVE THE MINIMUM COMPETENCIES REQUIRED TO EFFECTIVELY PERFORM THE JOB REQUIREMENTS FOR A SLEEP TECHNOLOGIST. THE RST CREDENTIAL IS A 5-YEAR CERTIFICATION AND RSTS MUST RECERTIFY EVERY FIVE YEARS OR RISK SUSPENSION OF THEIR RST CERTIFICATION. IN 2021, A TOTAL OF 70 CANDIDATES TOOK THE EXAM FOR INITIAL CERTIFICATION AND 572 CANDIDATES WERE GRANTED RECERTIFICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Rowley MD Secretary/treasurer (from 6/2021) | OfficerTrustee | 1 | $0 |
Vishesh Kapur MD President | OfficerTrustee | 1 | $0 |
Steven Van Hout Executive Director | Officer | 1 | $0 |
Andrew Summers Director Of Finance | Officer | 1 | $0 |
Jennifer L Martin PHD Director | Trustee | 1 | $0 |
Kannan Ramar MD Director | Trustee | 1 | $0 |
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 | $54,925 |
| Investment income | $11,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,504 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,893 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,702 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,093 |
| Information technology | $1,333 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,730 |
| All other expenses | $99 |
| Total functional expenses | $25,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,398 |
| Savings and temporary cash investments | $7,009 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $433,154 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $543,561 |
| Accounts payable and accrued expenses | $10,605 |
| Grants payable | $0 |
| Deferred revenue | $3,000 |
| 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 | $2,453 |
| Total liabilities | $16,058 |
| Net assets without donor restrictions | $527,503 |
| 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 | $543,561 |
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