The Abim Foundation

“The finance department provides all information and reviews the form 990 prior to filing. 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.”

“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”

“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 of990s 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 2 years, and these comparative data are used to set, review and approve all executive salaries. The executive compensation committee reports executive compensation annually to the full board of trustees.”

“All documents are available upon request and our form 990 is avaialble on our website at: www.abimfoundation.org.”

“In order to simplify management of the overall organizations payroll system and minimize payroll costs, abim foundation uses a common paymaster to administer payroll. The related organization that serves in this capacity is "the american board of internal medicine" (ein: 39-0866228).”

“As an operating charity, the abim foundation develops and implements projects in support of our mission to advance the core values of medical professionalism as a force to improve the quality of health care. One of our most significant contributions has been the publication of medical professionalism in the new millennium: a physician charter in 2002. Our past and present initiatives focus on promoting the principles and commitments outlined in this seminal document.”

“As an operating charity, the abim foundation develops and implements projects in support of our mission to advance the core values of medical professionalism as a force to improve the quality of health care. One of our most significant contributions has been the publication of medical professionalism in the new millennium: a physician charter in 2002. Our past and present initiatives focus on promoting the principles and commitments outlined in this seminal document.”

“The process has not changed from the prior year.”

“High fidelity simulation: interventional cardiology: this grant supports the american board of internal medicine's continuing work with simulated cases for potential use on its exams. It funds the implementation of six new cases and the completion of updates for cases that have already been simulated. ($202,625)”