American Board Of Phys Medicine & Rehabilitation
- Assets
- $17.8m
- Revenue
- $8.3m
- Investments
- $10.5m
- Employees
- 33
- Location
- Rochester, MN
- Founding
- 00/0000
- Data as of
- 07/2023
- EIN
- 41-6029315
Organization Overview
American Board Of Phys Medicine & Rehabilitation is located in Rochester, MN. The organization was established in 0000. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 07/2023, American Board Of Phys Medicine & Rehabilitation employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Board Of Phys Medicine & Rehabilitation 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 07/2023, American Board Of Phys Medicine & Rehabilitation generated $8.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $6.3m during the year ending 07/2023. While expenses have increased by 6.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVE THE PUBLIC BY IMPROVING CARE IN PM&R THROUGH PHYSICIAN CERTIFICATION AND CONTINUOUS CERTIFICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ABPMR SUPPORTS AND SERVES THE PHYSICIANS WHO HAVE GAINED OR ARE WORKING TO ACHIEVE BOARD CERTIFICATION IN PM&R. THIS STARTS BY ENSURING HIGH-QUALITY RESIDENCY TRAINING AND CULMINATES IN A RIGOROUS AND RELIABLE TWO-PART EXAMINATION TO ACHIEVE BOARD CERTIFICATION. ONCE CERTIFIED, A PHYSICIAN IS CALLED A DIPLOMATE OF THE ABPMR.THE ABPMR'S WORK CONTINUES THROUGHOUT A PHYSIATRIST'S CAREER WITH OUR MAINTENANCE OF CERTIFICATION (MOC) PROGRAM, WHICH PROVIDES A FRAMEWORK AND TOOLS FOR MAINTAINING MEDICAL KNOWLEDGE AND SKILLS, AS WELL AS TRACKING CONTINUOUS IMPROVEMENT OVER TIME. THE AMERICAN BOARD OF PHYSICAL MEDICINE AND REHABILITATION (ABPMR) OFFERS CERTIFICATION EXAMINATIONS. THE THREE LARGEST PROGRAM SERVICES OFFERED BY THE ABPMR ARE THE PART I, AND PART II EXAMINATIONS. THE NUMBER OF PERSONS TO BENEFIT FROM THE EXAMS FOR 2022 ARE AS FOLLOWS:PART I - 519PART II - 494
IN ADDITION TO OFFERING PRIMARY CERTIFICATION IN PM&R, THE ABPMR ALSO OFFERS SUBSPECIALTY CERTIFICATION IN: COMBINED SUBSPECIALTY EXAMS BENEFITED 669 PERSONS IN 2022.
THE CONTINUING CERTIFICATION PROGRAM, INCLUDING LONGITUDINAL ASSESSMENT, CME, QUALITY IMPROVEMENT, AND PROFESSIONALISM HAD 9,500 PARTICIPANTS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Kinney MD Executive Director | Officer | 40 | $542,956 |
Dan Agenten Director Of It | 40 | $151,126 | |
Paul Zobitz Director Of Operations | Officer | 40 | $155,440 |
Connie Brown Caldwell Systems Architect | 40 | $136,607 | |
Terry Rasmussen Software Engineer | 40 | $152,875 | |
Nathan Sanders Wed Developer | 40 | $115,036 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pearson Vue Testing Services | 7/30/23 | $175,520 |
Mj Belisle It Consulting Llc Consulting Services | 7/30/23 | $145,767 |
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 | $7,856,165 |
| Investment income | $407,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,003 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,325,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,000 |
| 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. | $790,300 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,044,981 |
| Pension plan accruals and contributions | $137,569 |
| Other employee benefits | $353,211 |
| Payroll taxes | $219,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,450 |
| Fees for services: Accounting | $46,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,042 |
| Fees for services: Other | $155,930 |
| Advertising and promotion | $0 |
| Office expenses | $61,131 |
| Information technology | $243,026 |
| Royalties | $0 |
| Occupancy | $139,641 |
| Travel | $75,449 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $604,439 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140,913 |
| Insurance | $44,656 |
| All other expenses | $0 |
| Total functional expenses | $6,312,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,175,623 |
| Savings and temporary cash investments | $3,075,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,018 |
| 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 | $2,029,869 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,544,410 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,825,920 |
| Accounts payable and accrued expenses | $121,007 |
| 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 | $0 |
| Total liabilities | $121,007 |
| Net assets without donor restrictions | $17,704,913 |
| 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 | $17,825,920 |