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 | |||||
| (A)
THE AMERICAN BOARD OF INTERNAL MEDICINE |
390866228 | 10 | Yes | 1,006,875 | 0 | |
|
Total 1
|
1,006,875 | 0 | ||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (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) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (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) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (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 | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 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 | ||||||
| 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.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on 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.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 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 0.015 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 0.035 | 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 | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| FORM 990, SCHEDULE A, PART IV, SECTION A, LINE 6: | THE FOUNDATION AWARDED GRANTS TO THESE ORGANIZATIONS TO SUPPORT THE MISSION OF ABIM BY PROMOTING PROFESSIONALISM AS A FORCE TO ENHANCE THE QUALITY OF HEALTH CARE THROUGH REINFORCEMENT OF THE CERTIFICATION OF INTERNISTS AND SUBSPECIALISTS WHO DEMONSTRATE THE KNOWLEDGE, SKILLS AND ATTITUDES ESSENTIAL FOR EXCELLENT PATIENT CARE: *ACADEMY FOR PROFESSIONALISM IN HEALTH CARE (501(C)(3) PUBLIC CHARITY) - OPERATING SUPPORT *ACADEMYHEALTH (501(C)(3) PUBLIC CHARITY) - ADVANCING RESEARCH ON TRUST - A FOCUS ON MEDICAL DEBT (PH V) *ALAMEDA HEALTH SYSTEM (GOVERNMENT) - ADDRESSING COMPLEX SOCIAL DETERMINANTS OF HEALTH AND BARRIERS TO CARE - A RESIDENCY CURRICULUM FOR HOME VISITS IN AN URBAN SAFETY NET HOSPITAL *AMERICAN BOARD OF MEDICAL SPECIALTIES (501(C)(3) PUBLIC CHARITY) - SUPPORT A VISITING SCHOLAR THAT WILL WORK WITH ABIM AND/OR ABIM FOUNDATION STAFF ON AN INDEPENDENT RESEARCH PROJECT *AMERICAN COLLEGE OF PHYSICIANS, INC (ACP), INC (501(C)(3) PUBLIC CHARITY) - ACP COACHING FOR IMPACT - EMPOWERING EARLY CAREER INTERNAL MEDICINE GRADUATES PRACTICING IN UNDER-RESOURCED COMMUNITIES *CAMDEN COALITION OF HEALTHCARE PROVIDERS (501(C)(3) PUBLIC CHARITY) - SUPPORT FOR ANNUAL CONFERENCE - PUTTING CARE AT THE CENTER 2025 *HEALTHTEAMWORKS (501(C)(3) PUBLIC CHARITY) - GRANT SUPPORT - MEASURING TRUST IN HEALTH SYSTEMS AND PUBLIC HEALTH *HENRY FORD HEALTH SYSTEM (501(C)(3) PUBLIC CHARITY) - ENGAGING INTERNAL MEDICINE RESIDENTS THROUGH DEDICATED DIVERSITY, EQUITY, INCLUSION AND JUSTICE TRACK *HUTCHINSON REGIONAL MEDICAL CENTER, INC (501(C)(3) PUBLIC CHARITY) - SUPPORT FOR RURAL WORKFORCE INNOVATION EVENT *LONG ISLAND JEWISH MEDICAL CENTER (501(C)(3) PUBLIC CHARITY) - THE LANGUAGE OF CARE *MEDICAL UNIVERSITY OF SOUTH CAROLINA (501(C)(3) PUBLIC CHARITY) - RESIDENCY PARTNERSHIPS WITH COMMUNITY ORGANIZATIONS - USING INTERDISCIPLINARY TEAMS TO ADDRESS SOCIAL DETERMINANTS OF HEALTH AND MANAGE CHRONIC DISEASE IN AN UNHOUSED POPULATION *MEHARRY MEDICAL COLLEGE (501(C)(3) PUBLIC CHARITY) - BUILDING TRUST - DISCOVER, DECIPHER, DEMONSTRATE *NORTHWESTERN MEDICINE (501(C)(3) PUBLIC CHARITY) - SUPPORT PRE-MED UNDERGRADUATE INTERNSHIP PROGRAM *PATIENT CENTERED PRIMARY CARE FOUNDATION (501(C)(3) PUBLIC CHARITY) - SUPPORT FOR THE DAVID MEYERS RESEARCH AWARD; RICHARD BARON FELLOW - TO OPERATE A FELLOWSHIP PROGRAM FOR 3 YEARS (2025-2027) IN HONOR OF RICHARD BARON *PHOENIX INDIAN MEDICAL CENTER (GOVERNMENT) - DIAGNOSTIC EXCELLENCE THROUGH INTERDISCIPLINARY LEARNING - BRIDGING HEALTH INEQUITIES IN AMERICAN INDIAN COMMUNITIES *PRIME HEALTHCARE FOUNDATION SOUTHERN REGIONAL, LLC (501(C)(3) PUBLIC CHARITY) - HEALTH-AT-HOME COMMUNITY POP-UP CLINICS - CLOSING GAPS, BUILDING TRUST, AND IMPROVING HEALTHCARE ACCESS AMONG ADULTS UNDER AGE 65 WITH UNDIAGNOSED AND/OR UNCONTROLLED HYPERTENSION AND DIABETES *REGENTS OF THE UNIVERSITY OF MICHIGAN (501(C)(3) PUBLIC CHARITY) - TRUST AND AI - THE IMPACT OF NEW TECHNOLOGIES ON HEALTHCARE RELATIONSHIPS *REGENTS OF THE UNIVERSITY OF MINNESOTA (501(C)(3) PUBLIC CHARITY) - A SKILLS BUILDING INTERDISCIPLINARY ADVOCACY EDUCATION - THE MINNESOTA ADVOCACY PROJECT *RHODE ISLAND FREE CLINIC (501(C)(3) PUBLIC CHARITY) - OPERATING SUPPORT *THE ARNOLD P. GOLD FOUNDATION (501(C)(3) PUBLIC CHARITY) - SUPPORT THE FOUNDATION'S DEVELOPMENT OF EDUCATIONAL MODULES TO HELP FACULTY TEACH RESIDENTS ABOUT EVIDENCE-BASED TRUST-BUILDING TOOLS BASED ON TRAUMA-INFORMED PRINCIPLES AND OF CASE-BASED EDUCATIONAL MODULES THAT RESIDENTS CAN THEN USE TO DEMONSTRATE THESE PROVEN TRUST-BUILDING BEHAVIORS AND TECHNIQUES WHEN TEACHING JUNIOR RESIDENTS, MEDICAL STUDENTS, NURSES AND NURSING STUDENTS AND OTHER TEAM MEMBERS. *THE REGENTS OF THE UNIVERSITY OF CALIFORNIA, SAN FRANCISCO (501(C)(3) PUBLIC CHARITY) - EVALUATING TIME AS AN OPPORTUNITY FOR ADVANCED INTERNAL MEDICINE TRAINEES TO PRACTICE DIAGNOSTIC EQUITY TOOLS *THE UNIVERSITY OF CHICAGO (501(C)(3) PUBLIC CHARITY) - EDUCATIONAL INTERVENTION TO REDUCE BIAS TOWARD PATIENTS WITH SICKLE CELL DISEASE *THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY (501(C)(3) PUBLIC CHARITY) - ENHANCING HEALTH EQUITY AND RESIDENT EDUCATION IN HISPANIC PREDOMINANT UNDESERVED COMMUNITIES - A STRUCTURAL AND SOCIAL DETERMINANTS OF HEALTH APPROACH *THE UNIVERSITY OF WASHINGTON (501(C)(3) PUBLIC CHARITY) - IMPROVING COMMUNICATION FOR PATIENTS WHO USE A LANGUAGE OTHER THAN ENGLISH IN SKILLED NURSING FACILITIES *UNIVERSITY OF MARYLAND CAPITAL REGION HEALTH (501(C)(3) PUBLIC CHARITY) - FOOD AS MEDICINE PROJECT *VANDERBILT UNIVERSITY MEDICAL CENTER (501(C)(3) PUBLIC CHARITY) - VIVID HEALTH CONNECT - CLINICAL TRAINING *VOT-ER (501(C)(3) PUBLIC CHARITY) - SUPPORT A FELLOWSHIP PROGRAM THAT VOT-ER HAS LAUNCHED FOR PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS *WASHINGTON UNIVERSITY (501(C)(3) PUBLIC CHARITY) - PURSUING EQUITY AND BUILDING TRUST - CREATING A NOVEL FACULTY DEVELOPMENT SERIES TO ENHANCE TRUST THROUGH EQUITABLE ASSESSMENT AND DELIVERY OF CLINICAL FEEDBACK; EXPANDING DIVERSITY - NOVEL PATHWAY PROGRAM FOR SEXUAL AND GENDER MINORITY HIGH SCHOOL STUDENTS |
| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
|---|---|
| FORM 990, PART V, LINE 2: | ABIM FOUNDATION DOES NOT HAVE ANY EMPLOYEES OF ITS OWN. EMPLOYEES WORKING ON BEHALF OF ABIM FOUNDATION ARE EMPLOYEES OF ABIM. THESE EMPLOYEES ARE PAID VIA A COMMON PAYMASTER AGREEMENT BETWEEN ABIM AND ABIM FOUNDATION. ABIM FOUNDATION PROVIDES A 100% REIMBURSEMENT OF WAGES, PAYROLL TAXES AND BENEFIT COSTS TO ABIM FOR EMPLOYEE TIME SPENT WORKING ON FOUNDATION ACTIVITIES. ABIM FILES ALL PAYROLL TAX RETURNS AND PAYS APPLICABLE TAXES WHEN DUE UNDER THEIR EIN 39-0866228. |
| FORM 990, PART VI, SECTION A, LINE 4 | ABIM FOUNDATION'S BYLAWS WERE AMENDED ON JANUARY 31, 2025, TO CHANGE THE BOARD OFFICER TITLE FROM "VICE CHAIR" TO "CHAIR-ELECT." |
| FORM 990, PART VI, SECTION A, LINE 6 | THE AMERICAN BOARD OF INTERNAL MEDICINE (ABIM), A RELATED 501(C)(3) PUBLIC CHARITY, IS CONSIDERED A MEMBER OF THE FOUNDATION PER THE INTERNAL REVENUE SERVICE DEFINITION OF MEMBER. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE PRESIDENT/CEO, CHAIR, AND IMMEDIATE PAST CHAIR OF ABIM ARE REQUIRED TO BE TRUSTEES OF THE FOUNDATION. (THE PRESIDENT/CEO OF ABIM IS ALSO THE PRESIDENT/CEO OF THE FOUNDATION.) FIVE OF THE FOUNDATION'S TRUSTEES ARE SELECTED BY ABIM. ANY BOARD MEMBER ELECTED BY ABIM MAY BE REMOVED BY ABIM. |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE FINANCE DEPARTMENT PROVIDES ALL INFORMATION AND REVIEWS THE FORM 990 PRIOR TO BOARD REVIEW. THE FORM 990 IS THEN MADE AVAILABLE TO THE ENTIRE GOVERNING BODY, VIA EMAIL, FOR COMMENTS AND QUESTIONS. ONCE ALL COMMENTS AND QUESTIONS HAVE BEEN ADDRESSED, THE FORM 990 IS APPROVED. THE CFO SIGNS THE FORM 990 AND COMMUNICATES TO THE BOARD OF DIRECTORS THAT THE FORM 990 HAS BEEN FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | MEMBERS OF THE BOARD OF TRUSTEES AND COMMITTEES ARE EXPECTED TO HAVE THE MISSION OF THE FOUNDATION AS THEIR PRIMARY INTEREST WHEN CONTRIBUTING TO THE FOUNDATION'S WORK. A CONFLICT OF INTEREST MAY ARISE WHEN, DUE TO A COMPETING OUTSIDE INTEREST, A BOARD TRUSTEE OR COMMITTEE MEMBER HAS THE OPPORTUNITY TO INFLUENCE FOUNDATION ACTIVITY IN WAYS THAT COULD LEAD TO, OR APPEAR TO LEAD TO, PERSONAL OR INSTITUTIONAL GAIN OR ADVANTAGE. THE ABIM FOUNDATION CONFLICT OF INTEREST POLICY IS INTENDED TO MANAGE CONFLICTS THAT ARISE FROM COMPETING INTERESTS. INTERESTS THAT HAVE THE POTENTIAL TO BE IN CONFLICT WITH THE INTERESTS OF THE FOUNDATION INCLUDE EMPLOYMENT, CONSULTANCIES, AND ADVISORY POSITIONS TO PHARMACEUTICAL, MEDICAL SUPPLY, AND OTHER MEDICAL OR BIOTECHNOLOGY COMPANIES; PERSONAL INVESTMENTS IN SUCH COMPANIES; AND OTHER AFFILIATIONS (E.G., SERVICE AS A TRUSTEE, OFFICER, OR DIRECTOR) WITH MEDICAL ORGANIZATIONS. FOUNDATION ACTIVITIES WHICH COULD BE INAPPROPRIATELY INFLUENCED INCLUDE DECISIONS ON GRANT AWARDS, PROGRAMS AND POLICY DEVELOPMENT. IN ADDITION TO COMPLETING THE ANNUAL DISCLOSURE REQUIREMENTS, TRUSTEES, COMMITTEE MEMBERS, AND EXECUTIVE STAFF MEMBERS MUST DISCLOSE TO THE GOVERNANCE AND NOMINATING COMMITTEE ON AN ONGOING BASIS ALL MATERIAL FACTS CONCERNING ANY SITUATION THAT MIGHT BE VIEWED AS A CONFLICT. IN ORDER TO ENSURE IMPARTIAL DECISION MAKING, NO TRUSTEE, COMMITTEE MEMBER, OR EXECUTIVE STAFF MEMBER SHALL PARTICIPATE (OTHER THAN BY PROVIDING INFORMATION) IN ANY DELIBERATION OR DECISION IN WHICH HE OR SHE HAS A CONFLICT OF INTEREST. THE FINAL ARBITER OF WHETHER OR NOT A CONFLICT EXISTS IS THE GOVERNANCE AND NOMINATING COMMITTEE. ANY TRUSTEE, COMMITTEE MEMBER, OR EXECUTIVE STAFF MEMBER MAY REQUEST A REVIEW AND OPINION OF THAT COMMITTEE AT ANY TIME. THE FULL CONFLICT OF INTEREST POLICY CAN BE FOUND ON THE FOUNDATION WEBSITE HTTP://ABIMFOUNDATION.ORG/WHO-WE-ARE/TRUSTEES/CONFLICT-OF-INTEREST-POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ABIM FOUNDATION ENGAGES AN EXTERNAL COMPENSATION VENDOR TO CONDUCT AN ORGANIZATION-WIDE COMPENSATION REVIEW ROUGHLY EVERY THREE YEARS TO ASSURE COMPETITIVE BASE AND TOTAL COMPENSATION FOR ALL EMPLOYEES UP THROUGH AND INCLUDING VICE PRESIDENTS. EACH CYCLE, THE VENDOR: * REVIEWS ALL EXISTING JOB DESCRIPTIONS/DOCUMENTATION; * SPEAKS WITH KEY MANAGERS IN EACH FUNCTIONAL AREA; * RESEARCHES AND EXTRACTS PAY SURVEY DATA FOR SELECTED BENCHMARK JOB TYPES; AND, * ANALYZES SEVERAL PAY PRACTICE DATA SOURCES INCLUDING: VIEW OF COMMERCIAL SURVEY REPORTS (ECONOMIC RESEARCH INSTITUTE, SALARY.COM, PRM CONSULTING); * REVIEW OF 990S FOR NON-PROFIT ORGANIZATIONS WITH SIMILAR SIZES IN HEALTH CARE; AND * ASSESSMENT OF THE PAY PRACTICES OF OTHER NON-PROFIT AND FOR-PROFIT CLIENTS IN THE PHILADELPHIA LABOR MARKET. THE ABIM FOUNDATION MAINTAINS SALARIES IN LINE WITH DESIGNATED RANGES AND COMPETITIVE PAY PRACTICES. IN ADDITION, COMPENSATION OF OUR CEO IS REVIEWED EACH YEAR BY THE EXECUTIVE COMPENSATION COMMITTEE (ECC), AND THE ECC'S RECOMMENDATION ON CEO COMPENSATION NEEDS TO BE APPROVED BY THE BOARD OF TRUSTEES. OTHER EXECUTIVE-LEVEL STAFF IS SET AFTER RECOMMENDATION BY THE CEO AND THEN REVIEW AND APPROVAL BY THE EXECUTIVE COMPENSATION COMMITTEE. THE ECC DIRECTLY ENGAGES AN INDEPENDENT CONSULTANT TO PROVIDE DATA ON SALARIES FOR COMPARABLE EXECUTIVE POSITIONS IN COMPARABLE ORGANIZATIONS, UPDATED EVERY THREE YEARS, AND THIS COMPARATIVE DATA IS USED TO SET, REVIEW AND APPROVE ALL EXECUTIVE SALARIES. THE EXECUTIVE COMPENSATION COMMITTEE REPORTS EXECUTIVE COMPENSATION ANNUALLY TO THE FULL BOARD OF TRUSTEES. THE REVIEW AND APPROVAL OF CEO AND EXECUTIVE-LEVEL STAFF COMPENSATION IS DOCUMENTED IN THE MINUTES OF THE ECC. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| Software ID: | |
| Software Version: |