Abfm Foundation Inc
- Assets
- $94.6m
- Revenue
- $8.2m
- Investments
- $2.2m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 10/2000
- Data as of
- 12/2022
- EIN
- 61-1368512
Organization Overview
Abfm Foundation Inc is located in Lexington, KY. The organization was established in 2000. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abfm Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Abfm Foundation Inc generated $8.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $8.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Abfm Foundation Inc has awarded 56 individual grants totaling $6,003,349. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOSTERING OF EDUCATION AND SCHOLARLY ANALYSIS OR RESEARCH IN FAMILY MEDICINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH DIRECTED TOWARDS IMPROVING THE EDUCATION, TRAINING AND CERTIFICATION PROCESSES FOR FAMILY PHYSICIANS.
PROVIDE FUNDING TO SUPPORT ORGANIZATIONS ENGAGED IN PROVIDING EDUCATIONAL OPPORTUNITIES, SCHOLARLY EFFORTS OR RESEARCH IN FAMILY MEDICINE AND ADMINISTRATION OF THE SAME. CONSIDER REQUESTS SUBMITTED TO THE ABFM OR FROM OTHER ORGANIZATIONS INVOLVED IN THE FOSTERING OF EDUCATION, SCHOLARLY ANALYSIS OR RESEARCH IN FAMILY MEDICINE; CREATION OF AN ELECTRONIC ARCHITECTURE THAT ENABLES REAL TIME INTERACTIONS AMOUNG HEALTH CARE RELATED ENTITIES OR RESEARCHERS FOR THE PURPOSE OF SHARING DATA THAT DRIVES IMPROVEMENTS IN THE HEALTH CARE FIELD.
THE FOUNDATION MANAGES THE PUBLICATION OF THE JOURNAL OF THE AMERICAN BOARD OF FAMILY MEDICINE (JABFM) AND OF THE ANNALS OF FAMILY MEDICINE. BOTH JOURNALS PUBLISH PEER REVIEWED ARTICLES FROM RESEARCHERS WHO ARE ADDRESSING HEALTH CARE ISSUES FACING THE PATIENTS IN THE CARE OF FAMILY PHYSICIANS.
THE FOUNDATION MANAGES THE CENTER FOR PROFESSIONALISM & VALUE IN HEALTH CARE. THE CENTER, LOCATED IN WASHINGTON DC, AIMS TO STUDY RELATIONSHIPS BETWEEN PROFESSIONALISM AND VALUE, PROMOTE THEIR ALIGNMENT, REDUCE HEALTH PROFFESSIONALS' BURDEN AND BETTER SUPPORT OUTCOME AND QUALITY IMPROVEMENT. THE CENTER ALSO MANAGES THE PRIME REGISTRY, AN OUTPATIENT CLINICAL DATA REGISTRY AND IS A QUALIFIED CLINICAL DATA REGISTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Newton MD Director/president/secreta | OfficerTrustee | 2 | $0 |
Carlos Jaen MD Director | Trustee | 1 | $2,500 |
Craig Czarsty MD Director And Chair | OfficerTrustee | 2 | $7,000 |
Diane Beebe MD Director And Vice Chair | OfficerTrustee | 1.5 | $4,000 |
Laura Brooks MD Director And Treasurer | OfficerTrustee | 1.5 | $5,500 |
Sam Jones MD Director | Trustee | 1 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,875,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $659,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,534,152 |
| Total Program Service Revenue | $2,644,850 |
| Investment income | $1,655,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $618,615 |
| Net Gain/Loss on Asset Sales | -$3,510,861 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,163,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,402,042 |
| Grants and other assistance to domestic individuals. | $29,219 |
| 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 | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $300,994 |
| Fees for services: Other | $25,833 |
| Advertising and promotion | $0 |
| Office expenses | $1,557 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $87,100 |
| Total functional expenses | $8,454,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,191,214 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,383,978 |
| 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 | $39,993 |
| Net Land, buildings, and equipment | $3,718,497 |
| Investments—publicly traded securities | $74,590,998 |
| Investments—other securities | $2,160,153 |
| Investments—program-related | $0 |
| Intangible assets | $388,711 |
| Other assets | $6,096,408 |
| Total assets | $94,569,952 |
| Accounts payable and accrued expenses | $1,252,296 |
| 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 | $3,823,979 |
| Total liabilities | $5,076,275 |
| Net assets without donor restrictions | $89,493,677 |
| 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 | $94,569,952 |
Grants Awarded
Over the last fiscal year, Abfm Foundation Inc has awarded $3,397,041 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF FAMILY PHYSICIAN'S FOUNDATION PURPOSE: TO FUND THE CENTER FOR HISTORY OF FAMILY MEDICINE | $20,000 |
NORTH AMERICA PRIMARY CARE RESEARCH GROUP PURPOSE: TO FUND THE GRANT GENERATING PROJECT | $8,000 |
OREGON HEALTH AND SCIENCES UNIVERSITY PURPOSE: TO FUND THE LENGTH OF TRAINING PILOT | $115,945 |
NATIONAL ACADEMIES OF SCIENCES INSTITUTE OF MEDICINE PURPOSE: TO FUND NAM FELLOWSHIP | $1,164,000 |
VIRGINIA COMMONWEALTH UNIVERSITY PURPOSE: TO FUND THE CENTER FOR PRIMARY CARE | $81,000 |
NATIONAL ACADEMIES OF SCIENCES INSTITUTE OF MEDICINE PURPOSE: TO FUND PRIMARY CARE RESEARCH | $100,000 |