EIN 41-0847713

American Board of Medical Specialties (ABMS)

IRS 501(c) type
501(c)(6)
Num. employees
70
Year formed
1935
Most recent tax filings
2023-12-01
Description
American Board of Medical Specialties's mission is to help physicians achieve their potential as providers of quality health care.
Total revenues
$21,808,011
2023
Total expenses
$18,468,046
2023
Total assets
$41,229,992
2023
Num. employees
70
2023

Program areas at ABMS

In partnership with its member boards, abms is a leader in setting rigorous standards for Board certification across 40 Medical Specialties and 89 Medical subspecialties. While member boards tailor these standards to their specific Specialties and subspecialties, abms supports the member boards in the overall implementation of the standards by providing learning opportunities and resources regarding evaluation, assessment and policy development relative to certification. These supports are critical to the abms community. At present, in the united states, abms member boards have certified more than 940,000 physicians and Medical specialists.
Abms convenes leaders and stakeholders from across the abms and greater health care communities to discuss current and emerging issues in today's health care system, seeking to understand ways in which abms and its member boards can address those issues to improve the quality of patient care.
Internationally, abms contracts with the singapore ministry of health to develop and maintain a program of physician assessment and certification for singapore's physicians and Medical specialists, as well as consults with other countries and communities across the world seeking to explore or establish physician certification programs.
In terms of advocacy, abms communicates information about and emphasizes the importance of Board certification to diplomates, Medical professionals, health care organizations, insurers, legislators and the general public. These communications provide these stakeholders and advocates with factual information about the importance of Board certification and the marker of trust signified by the credential. Certificationmatters.org, which is a public access abms website, also provides information about Board certification. Any individual may access this site to determine if a physician or Medical specialist is Board certified by an abms member Board. In terms of research and professional development, abms and its member boards actively study and support research into the impact that certification programs have on both the profession of medicine as well as improving patient safety and health care. Abms is also committed to physician professional development as part of its member boards' continuing certification programs, including continuing Medical education and quality and practice improvement activities.

Who funds American Board of Medical Specialties (ABMS)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Medical AssociationAmerican Board of Medical Specialties Conference Sponsorship$10,000

Personnel at ABMS

NameTitleCompensation
Richard E. HawkinsPresident and Chief Executive Officer$779,111
Jennifer MichaelChief Operating Officer$345,602
Julie HubbardChief Financial Officer$243,486
Rich WatersBoard Member
Amy GibsonSenior Vice President , Policy and External Relations
...and 18 more key personnel

Financials for ABMS

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$20,895,772
Investment income and dividends$846,791
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$43,781
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$21,667
Total revenues$21,808,011

Form 990s for ABMS

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-17990View PDF
2022-122023-10-09990View PDF
2021-122022-09-18990View PDF
2020-122021-09-17990View PDF
2019-122020-11-19990View PDF
...and 10 more Form 990s
Data update history
October 22, 2024
Used new vendors
Identified 2 new vendors, including , and
April 23, 2024
Updated personnel
Identified 5 new personnel
December 31, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from American Medical Association
December 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 3, 2023
Updated personnel
Identified 8 new personnel
Nonprofit Types
Professional associationsBusiness and community development organizationsHealth organizationsHeadquarter / parent organizations
Issues
HealthScience and technologyCommunity improvementBusiness and industry
Characteristics
MembershipsOperates internationallyCommunity engagement / volunteering
General information
Address
353 N Clark St 1400
Chicago, IL 60654
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
abms.org/ 
Phone
(312) 436-2600
Facebook page
ABMSCert 
Twitter profile
@abmscert 
IRS details
EIN
41-0847713
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1935
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
E03: Health Care Professional Societies and Associations
NAICS code, primary
813920: Professional Associations
Parent/child status
Central organization
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