EIN 23-2585181

ABIM Foundation

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
1989
Most recent tax filings
2023-06-01
Description
As an operating charity, ABIM Foundation develops and implements projects in support of their mission to advance the core values of medical professionalism as a force to improve the quality of health care.
Related structure
ABIM Foundation is a subordinate organization under American Board of Internal Medicine (ABIM).
Total revenues
$7,496,039
2023
Total expenses
$3,827,303
2023
Total assets
$84,153,316
2023
Num. employees
7
2023

Program areas at ABIM Foundation

The Foundation seeks to advance the core values of medical professionalism as a force to improve the quality of health care in the united states. The ideals of professionalism are outlined in the physician charter, the creation of which the Foundation co-sponsored and which has been widely embraced. Since 2012, the Foundation has led the choosing wisely campaign, which has stressed the importance of avoiding unnecessary and potentially harmful care. And since 2017, the Foundation has focused on improving trust in the health care system and making it more worthy of trust. Through our initiatives, we seek to better understand these obstacles and explore ways to overcome them. Much of our work focuses on advancing medical professionalism in the area of the wise use, or stewardship, of resources. (cont'd on sch. O) this includes the successful choosing wisely campaign which has reshaped how physicians and patients discuss whether or not particular services are in the best interest of the patient. It also includes the building trust initiative, a multi-faceted effort to increase conversation, thought leadership, research and best practices to elevate trust as an essential organizing principle for improving health care.one of our most significant contributions has been the publication of medical professionalism in the new millenium: a physician charter in 2002. Our past and present initiatives focus on promoting the principles and commitments outlined in this seminal document.

Grants made by ABIM Foundation

GranteeGrant descriptionAmount
Institute for Healthcare ImprovementTo Refine Theory of Change for Building Trust By Testing at Implementation Sites To Refine the Key Drivers and Change Ideas That Improve Organizational Trustworthiness$374,901
AcademyHealthAdvance Research and Inform Policy and Practice To Improve Trust in Our Health Care System$124,699
Research Foundation of The City University of New York (RFCUNY)To Study and Write A Report on Practices and Actions Clinicians Believe Build Trust in Leaders of Health Care Organizations$30,000
...and 18 more grants made totalling $797,100

Who funds ABIM Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Gordon E and Betty I Moore FoundationTo Support A Small Grants Program Intended To Address Systemic Issues in Internal Medicine Education With A Focus on Diagnostic Equity.$100,000

Personnel at ABIM Foundation

NameTitleCompensation
Richard J BaronPresident and Chief Executive Officer / President - Chief Executive Officer$223,838
Daniel WolfsonSenior Vice President and Chief Operating Officer / Senior Vice President - Chief Operating Officer / Executive Vice President and Chief Operating Officer$458,724
Vincent MandesSenior Vice President and Chief Financial Officer$43,417
Pamela Browner-WhiteSenior Vice President , Communications$49,172
Lorna LynnVice President , Medical Education Research$6,425
...and 9 more key personnel

Financials for ABIM Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$552,500
Program services$0
Investment income and dividends$2,119,110
Tax-exempt bond proceeds$0
Royalty revenue$1,522
Net rental income$0
Net gain from sale of non-inventory assets$4,822,907
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$7,496,039

Form 990s for ABIM Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-10990View PDF
2022-062023-05-08990View PDF
2021-062022-04-26990View PDF
2020-062021-04-27990View PDF
2019-062021-01-21990View PDF
...and 10 more Form 990s
Data update history
August 12, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 3, 2024
Updated personnel
Identified 1 new personnel
December 28, 2023
Received grants
Identified 1 new grant, including a grant for $100,000 from Gordon E and Betty I Moore Foundation
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 26, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsDisease research fundraisersSchoolsChapter / child organizationsCharities
Issues
HealthEducationCommunity improvementBusiness and industry
Characteristics
Conducts researchOperates internationallyTax deductible donationsAccepts online donations
General information
Address
510 Walnut St 1700
Philadelphia, PA 19106
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Website URL
abimfoundation.org/ 
Phone
(215) 446-3530
Facebook page
theabimfoundation 
Twitter profile
@abimfoundation 
IRS details
EIN
23-2585181
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1989
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B03: Education Professional Societies and Associations
NAICS code, primary
813212: Health and Disease Research Fundraising Organizations
Parent/child status
Subordinate organization
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