American Board Of Phys Medicine & Rehabilitation
- Assets
- $14.2m
- Revenue
- $4.6m
- Investments
- $8.4m
- Employees
- 30
- Location
- Rochester, MN
- Founding
- 00/0000
- Data as of
- 07/2021
- 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 07/2021, American Board Of Phys Medicine & Rehabilitation employed 30 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 07/2021, American Board Of Phys Medicine & Rehabilitation generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $4.9m during the year ending 07/2021. 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
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 2020 ARE AS FOLLOWS:PART I - 444PART II - 442
IN ADDITION TO OFFERING PRIMARY CERTIFICATION IN PM&R, THE ABPMR ALSO OFFERS SUBSPECIALTY CERTIFICATION IN: COMBINED SUBSPECIALTY EXAMS BENEFITED 461 PERSONS IN 2020.
THE CONTINUING CERTIFICATION PROGRAM, INCLUDING LONGITUDINAL ASSESSMENT, CME, QUALITY IMPROVEMENT, AND PROFESSIONALISM HAD 11,000 PARTICIPANTS IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Kinney MD Executive Director | Officer | 40 | $508,255 |
Jill Hallman Administrator | Officer | 40 | $234,745 |
Terry Rasmussen Lead Software Engineer | 40 | $144,669 | |
Daniel Agenten Senior Software Engineer | 40 | $142,939 | |
Mikaela Raddatz Psychometrician | 40 | $132,599 | |
Paul Zobitz Director Of Operations | Officer | 40 | $45,479 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $329,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $185,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,571,001 |
| Statement of Expenses | |
|---|---|
| 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. | $847,486 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,721,148 |
| Pension plan accruals and contributions | $152,064 |
| Other employee benefits | $350,930 |
| Payroll taxes | $207,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,527 |
| Fees for services: Accounting | $35,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,671 |
| Fees for services: Other | $54,614 |
| Advertising and promotion | $0 |
| Office expenses | $43,481 |
| Information technology | $232,228 |
| Royalties | $0 |
| Occupancy | $128,682 |
| Travel | $3,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $156,884 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,383 |
| Insurance | $35,563 |
| All other expenses | $0 |
| Total functional expenses | $4,926,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,951,926 |
| Savings and temporary cash investments | $1,500,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $394 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,431,893 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,196,429 |
| Accounts payable and accrued expenses | $4,269 |
| 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 | $4,269 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $14,192,160 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Hospital Association Des Moines, IA | $17,798,272 | $8,917,472 |
Iowa Healthcare Collaborative Des Moines, IA | $12,881,277 | $5,601,701 |
American Board Of Phys Medicine & Rehabilitation Rochester, MN | $14,196,429 | $4,571,001 |
Iowa Primary Care Association Inc Des Moines, IA | $2,482,899 | $4,844,356 |
American Academy Of Cosmetic Dentistry Inc Madison, WI | $11,670,736 | $2,464,318 |
Wisconsin Medical Society Inc Madison, WI | $10,299,749 | $2,456,012 |
Care Providers Of Minnesota Bloomington, MN | $4,705,603 | $3,304,939 |
Academy Of Orthopaedic Physical Therapy Apta Inc La Crosse, WI | $9,691,579 | $2,576,032 |
Wisconsin Association Of Free And Charitable Clinics Inc Pewaukee, WI | $355,718 | $1,643,233 |
Arrowhead Emergency Medical Services Association Inc Duluth, MN | $962,494 | $1,440,515 |
American Clinical Neurophysiology Society Inc Milwaukee, WI | $2,929,901 | $1,274,831 |
Minnesota Academy Of Family Physicians Minneapolis, MN | $1,418,401 | $852,027 |