Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | 511,613 | 29,294,869 | 31,611,170 | 30,656,036 | 92,073,688 | |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | 9 | 9 | ||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | 0 | 511,613 | 29,294,878 | 31,611,170 | 30,656,036 | 92,073,697 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | 92,073,697 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 0 | 511,613 | 29,294,878 | 31,611,170 | 30,656,036 | 92,073,697 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 471,830 | 1,978,140 | 2,495,190 | 2,849,321 | 7,794,481 | |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 0 | 471,830 | 1,978,140 | 2,495,190 | 2,849,321 | 7,794,481 |
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 0 | 983,443 | 31,273,018 | 34,106,360 | 33,505,357 | 99,868,178 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2019 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2019 |
(iii) Distributable Amount for 2019 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2019 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2019: | ||||
| a From 2014....... | ||||
| b From 2015....... | ||||
| c From 2016....... | ||||
| d From 2017....... | ||||
| e From 2018....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2019 distributable amount | ||||
|
i
Carryover from 2014 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2019 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2019 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2020. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2015..... | ||||
| b Excess from 2016..... | ||||
| c Excess from 2017..... | ||||
| d Excess from 2018..... | ||||
| e Excess from 2019..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | 17005980 |
| Software Version: | v1.00 |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part I, Line 1 | The American Board of Pediatrics (ABP) exists to advocate for and improve the health of children as they grow from infants to young adults by setting standards for pediatric practice and supporting the efforts of physicians to understand and embrace advances in medical care. The ABP does this by ongoing design and execution of an initial certification examination to licensed pediatricians who have completed a pediatric residency and/or fellowship, and design of further activities and examinations to allow pediatricians to maintain their certification |
| Form 990, Part III, Line 1 | The American Board of Pediatrics (ABP) certifies general pediatricians and pediatric subspecialists based on standards of excellence that lead to high quality health care for infants, children, and adolescents. ABP certification provides assurance to the public that a general pediatrician or pediatric subspecialist has successfully completed accredited training and fulfills the continuous evaluation requirements that encompass the six core competencies: patient care, medical knowledge, practice-based learning and improvement, interpersonal and communication skills, professionalism, and systems-based practice. The ABP's quest for excellence is evident in it rigorous evaluation process and in new initiatives undertaken that not only continually improve the standards of its certification but also advance the science, education, study and practice of pediatrics. |
| Form 990, Part III, Line 4a | Initial certification in general pediatrics; board certification is a voluntary process that goes above and beyond state licensing requirements for practicing medicine. It is an ongoing commitment by a physician to continually update their knowledge in a medical specialty, like pediatrics. Since it began certifying pediatricians in 1933 through December 31, 2017, the ABP has certified 121,787 pediatricians. Of the 4,425 physicians who took the general pediatrics certification exam in October 2018, 83.9% percent passed. To become certified, a physician must complete an accredited residency training program in pediatrics. The director of that training program must verify that the physician is competent in all areas of practice, and then the physician is allowed to take the initial certifying exam. In addition, before a physician is allowed to take the initial certifying examination he/she must also hold a valid, unrestricted license to practice medicine. Once they have passed the initial examination, they are certified by the ABP. (See 4c below for how certification is maintained.) |
| Form 990, Part III, Line 4b | Initial Certification in pediatric subspecialties: After residency, some pediatricians also go on to complete further accredited training in pediatric subspecialty fellowship programs. In addition to developing clinical expertise in their chosen subspecialty, these subspecialists participate in a minimum of twelve months of medical research. The fellowship training director must verify that the physician is competent in all areas of practice within the subspecialty and has met the requirements for professionalism including maintaining a valid unrestricted medical license before the diplomate is allowed to take the initial certifying examination. Once they have passed the initial examination, they are certified as a subspecialist by the ABP. The ABP offers certification in these 14 subspecialties: Adolescent Medicine; Cardiology; Child Abuse Pediatrics; Critical Care Medicine, Developmental-Behavioral Pediatrics; Emergency Medicine; Endocrinology; Gastroenterology; Hematology-Oncology; Infectious Diseases; Neonatal-Perinatal Medicine; Nephrology; Pulmonology; and Rheumatology. Certification are awarded in conjunction with other specialty boards in the areas of: Hospice and Palliative Medicine; Medical Toxicology; Pediatric Transplant Hepatology; Sleep Medicine; and Sports Medicine. The number of physicians taking the exams varies, depending on the subspecialty. Pass rates for those taking the exam for the first time around 79.63% in 2018. 1,738 applied for subspecialty examinations in fiscal year 2018 with 1,384 passing the exam and becoming certified in a subspecialty. |
| Form 990, Part III, Line 4c | Maintenance of Certification: After their initial certification, pediatricians are enrolled in the Maintenance of Certification (MOC) Program which consists of four parts: 1) Professionalism 2) Life Long Learning and Assessment, 3) Assessment of Knowledge, Judgement and Skills 4) Practice-Based Learning and Improvement. Diplomates of the American Board of Pediatrics must hold an unrestricted medical license to maintain certification. In fiscal year 2018, the ABP added 19 new lifelong learning and self-assessment modules, and over 2000 external activities were approved for MOC credit. MOC requires that pediatricians take regular examinations to assess their knowledge and medical judgement. Quality Improvement (QI) activities for MOC are designed to encourage pediatricians to assess the quality of their care and adopt more efficient and effective ways to care for children. In fiscal year 2018, 5 new online performance improvement modules (PIMS) were approved. 189 QI projects from large teams (more than 10 physicians) were approved or renewed for MOC credit, and 878 QI projects for small teams (10 or fewer physicians) were approved for MOC credit. |
| Form 990, Part V, Line 3b | The American Board of Pediatrics is required to file a 990T for its fiscal year ending October 31, 2018, as a result of the changes Tax Cuts and Jobs Act of 2017 with respect to non-deductible parking expenses for qualified transportation fringes. The Organization has prepared the form 990T and will be filing the return upon completion. The Organization will avail itself to the provisions of IRS Notice 2018-100 for relief from underpayment of tax due to the changes initiated from TCJA. |
| Form 990, Part VI, Section B, Line 11b | The Assistant Controller prepares the Form 990 and the Controller and CFO perform a detailed review of the completed return. The return is then reviewed by outside tax counsel for compliance. After this review and prior to filing, a complete copy of the Form 990 is sent to the Board of Directors. The Board of Directors is asked to review the form and to forward any comments, questions or concerns to the CFO so that they can be addressed prior to filing the return. The CFO reviews the return with the Finance Committee during the Board meeting. The Board is also given an opportunity to ask questions or provide feedback during the full board meeting. Both the Finance Committee and Board of Directors are e-mailed a final filing copy prior to submission. |
| Form 990, Part VI, Section B, Line 12c | The American Board of Pediatrics has a Conflict of Interest Policy covering its directors, committee appointees, officers and key employees who must review the policy annually and disclose and potential conflict of interest via a signed form. The ABP Conflict of Interest Committee reviews and monitors all conflict of interest issues. Conflicts of appointees and employees attending meetings are disclosed in the meeting agenda materials and those with conflicts do not participate in the voting on any issue where they may have a conflict of interest. The ABP also maintains a conflict of interest policy covering employees, who are required to disclose any actual or perceived conflicts of interest on an annual basis via signed statement. These statements are reviewed by the VP of Human Resources and the President. Employees are removed from any decision-making issues where a conflict may exist. |
| Form 990, Part VI, Section B, Line 15 | In 1988, the ABP began engaging an independent compensation and benefit consulting firm to assist in determining annual compensation for all ABP staff, including the President. The compensation strategy designed for ABP emphasizes pay for performance and is based upon the systematic slotting of each ABP staff position on a graded scale. Pay for each grade is then determined by comparing each of the positions to a comparable position in the appropriate marketplace i.e. local, regional or national depending upon the job's responsibilities and its hierarchy within the organization. A range is created around each job grade and performance dictates how quickly staff advance through each grade. The full board of directors reviews the President's performance and provides written feedback to the consultant. The consultant makes a formal presentation to the Executive Committee each year, during which the compensation strategy, benchmarks, and salary recommendations are discussed. Following that presentation, the consultant meets with the executive committee in a closed session, without the presence of staff to discuss the results of the President's performance review, the salary benchmarks for the ABP President and the physician Vide Presidents along with his recommendations for salary adjustments for these positions. The committee determines whether to approve the proposed changes. These decisions are recorded in minutes of meeting, which are then forwarded to the CFO for implementation. |
| Form 990, Part VI, Section C, Line 19 | These documents were made available upon written request as deemed appropriate |
| Form 990, Part XI, Line 9 | Post Retirement Benefit adjustment of $2,292,668 |
| Software ID: | 17005980 |
| Software Version: | v1.00 |