The American Board Of Genetic Counseling Inc
- Assets
- $2.5m
- Revenue
- $980.6k
- Investments
- $1.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 52-1820420
Organization Overview
The American Board Of Genetic Counseling Inc is located in Chicago, IL. The organization was established in 1994. According to its NTEE Classification (G20) the organization is classified as: Birth Defects & Genetic Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Board Of Genetic Counseling 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 12/2022, American Board Of Genetic Counseling Inc generated $980.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $766.7k during the year ending 12/2022. While expenses have increased by 4.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROTECT THE PUBLIC BY SETTING CERTIFICATION STANDARDS AND PROVIDING LEADERSHIP TO PROMOTE THE VALUE OF CERTIFIED GENETIC COUNSELORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL CERTIFICATION IS THE VOLUNTARY PROCESS BY WHICH ABGC GRANTS TIME-LIMITED RECOGNITION AND USE OF CREDENTIAL TO INDIVIDUALS WHO HAVE MET PREDETERMINED AND STANARDIZED CRITERIA. CERTIFICATION BY THE ABGC INDICATES INDIVIDUAL PRACTITIONERS HAVE MET THE STANDARDS NECESSARY TO PROVIDE COMPETENT GENETIC COUNSELING SERVICES. ABGC SERVES AS THE OFFICIAL CREDENTIALING ORGANIZATION FOR THE GENETIC COUNSELING PROFESSION IN THE UNITED STATES AND CANADA.
ABGC HAD A COMPREHENSIVE COMMUNICATIONS PROGRAM CONTRACT WITH THE KELLEN COMPANY. THE SCOPE OF SERVICES INCLUDED PUBLIC/MEDIA RELATIONS, MARKETING AND ADVERTISING. THIS CONTRACT WAS DISCONTINUED ON JUNE 30,2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bronson D Riley Director | Trustee | 4 | $0 |
Priyanka Ahimaz Director | Trustee | 2 | $0 |
Greg Ruf Public Advisor | Trustee | 4 | $0 |
Catherine A Fine President | OfficerTrustee | 4 | $0 |
Sarah Noblin President Elect | OfficerTrustee | 4 | $0 |
Kate Wilson Secretary/treasurer | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kellen Company Management Services/communications | 12/30/22 | $312,919 |
Psi Services Llc Examination Development/certification Se | 12/30/22 | $184,569 |
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 | $972,864 |
| Investment income | $36,217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$40,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $980,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,600 |
| 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 | $258,720 |
| Fees for services: Legal | $3,381 |
| Fees for services: Accounting | $6,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $221,325 |
| Advertising and promotion | $0 |
| Office expenses | $5,439 |
| Information technology | $4,411 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,253 |
| 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 | $7,402 |
| All other expenses | $10,040 |
| Total functional expenses | $766,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502,754 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,695 |
| 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 | $0 |
| Investments—other securities | $1,947,950 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,491,399 |
| Accounts payable and accrued expenses | $8,683 |
| 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 | $8,683 |
| Net assets without donor restrictions | $2,482,716 |
| 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 | $2,491,399 |
Grants Awarded
Over the last fiscal year, The American Board Of Genetic Counseling Inc has awarded $68,600 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ACCREDITATION COUNCIL FOR GENETIC COUNSELING INC PURPOSE: ANNUAL FINANCIAL SUPPORT CONTRIBUTION | $50,000 |
GEORGE WASHINGTON UNIVERSITY PURPOSE: GRANT TO CONDUCT THE RESEARCH STUDY TITLED "EXPLORATION OF NEED FOR ADDITIONAL CREDENTIALING FOR LABORATORY-BASED GENETIC COUNSELORS" | $13,007 |
UNIVERSITY HEALTH NETWORK PURPOSE: GRANT TO CONDUCT THE RESEARCH STUDY TITLED "THE PATENT EXPERIENCE AND PSYCHOLOGICAL RESPONSE TO REFLEXIVE BRCA TUMOR GENETIC TESTING" | $5,593 |