American Board Of Wound Management
- Assets
- $1.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 65-0584679
Organization Overview
American Board Of Wound Management is located in Washington, DC. The organization was established in 1997. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Board Of Wound Management 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 12/2023, American Board Of Wound Management generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 9 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
ABWM'S MISSION IS TO CREDENTIAL INTER-DISCIPLINARY PRACTITIONERS IN THE FIELD OF WOUND MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TESTING - INDIVIDUALS SIT FOR THE BOARD CERTIFICATION IN WOUND MANAGEMENT EXAMINATION AND ARE AWARDED CERTIFICATIONS UPON SUCCESSFULLY COMPLETING THE EXAM.
MEETING - MEMBERS OF THE BOARD OF DIRECTORS AND COMMITTEES TRAVEL AND MEET ON A REGULAR BASIS TO DISCUSS SIGNIFICANT MATTERS TO ABWM.
MARKETING & EXHIBITS - ABWM EXHIBITS AT NATIONAL AND REGIONAL MEETINGS TO EDUCATE THE INDUSTRY ABOUT ABWM CERTIFICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Wientjes Imm. Past Pres. | OfficerTrustee | 0.5 | $0 |
Alistair Bairos President | OfficerTrustee | 0.5 | $0 |
Kirk Grantham Treasurer | OfficerTrustee | 0.5 | $0 |
Robert Klein President-Elect | OfficerTrustee | 0.5 | $0 |
Renae Chesnut Public Member | Trustee | 0.5 | $0 |
Kathy Kaufman Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Association Management Strategies Management Services | 12/30/23 | $476,400 |
Ncs Pearson Inc Mobile Testing | 12/30/23 | $287,486 |
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 | $1,107,445 |
| Investment income | $38,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,103 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,134,320 |
| 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 | $514,637 |
| Fees for services: Legal | $5,725 |
| Fees for services: Accounting | $14,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,399 |
| Fees for services: Other | $0 |
| Advertising and promotion | $96,313 |
| Office expenses | $43,001 |
| Information technology | $47,643 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,619 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $161,017 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,007 |
| Insurance | $2,328 |
| All other expenses | $11,286 |
| Total functional expenses | $1,283,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,233 |
| Savings and temporary cash investments | $31,874 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,187 |
| 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 | $108,207 |
| Net Land, buildings, and equipment | $6,010 |
| Investments—publicly traded securities | $1,083,095 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,407,606 |
| Accounts payable and accrued expenses | $172,508 |
| Grants payable | $0 |
| Deferred revenue | $365,714 |
| 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 | $538,222 |
| Net assets without donor restrictions | $869,384 |
| 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 | $1,407,606 |