Multi - Specialty Portfolio Approval

“Form 990, section b the multi-specialty portfolio approval program organization is filing a final year return because the organization was declared dissolved by the illinois secretary of state effective december 2, 2019.”

“Form 990, part iii, line 1 and evaluating meaningful participation in organizational quality, safety, improvement and professional development activities for continuing certification. Mspapos work contributed to the improvement and evolution of continuous certification, facilitated physician performance in the health care system and enabled individuals to actively and willingly engage in assessing and improving the quality of their efforts to improve patient outcomes and the patient care experience.”

“Form 990, Part III, Line 3 MSPAPO ceased conducting all program services in June 2019. The MSPAPO programs were acquired by American Board of Medical Specialties.”

“Form 990, Part VI, Line 4 On June 3, 2019, the Board of Directors of MSPAPO adopted a resolution authorizing the sale of MSPAPO's assets and liabilities to ABMS and the subsequent dissolution of MSPAPO. The organization then filed Articles of Dissolution with the Illinois Secretary of State on December 2, 2019 and received confirmation of dissolution from the office of the Secretary of State on that date.”

“Form 990, part vi, section b, line 11 on june 3, 2019, the board of directors of mspapo adopted a resolution authorizing the sale of mspapos assets and liabilities to abms and the subsequent dissolution of mspapo. This resolution also authorized and directed abms chief operating officer (coo) to 'wind up' any remaining operations, affairs and activities of mspapo and then file articles of dissolution for mspapo with the office of the illinois secretary of state. This resolution further authorized abms coo to execute such documents and instruments as may be necessary or appropriate to effectuate the terms and purpose of the resolution, including, without limitation, federal and state tax filings for which the abms coo is deemed an authorized officer of mspapo. Abms retained the services of an independent certified public accountant firm to support abms in preparing mspapos form 990 and accompanying schedules. Abms coo will conduct a final review of the form 990 and accompanying schedules before it is filed, subject to her approval.”

“Form 990, part vi, section b, line 12c the abms conflict of interest and dualities of interest policy - which applies to all of its affiliates and subsidiaries - covers all directors, officers, council, committee and board members, identified key agents and employees. On an annual basis, board and committee members are required to disclose conflicts and dualities of interest in writing. At the beginning of all board and board committee meetings, participants are required to disclose conflicts of interest and dualities of interest. The minutes of all board and all board committee meetings contain the names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or potential conflict or duality of interest, the nature of the financial interest, any action taken to determine whether a conflict or duality of interest was present and the board's or committee's determination as to whether a conflict or duality or interest in fact existed.”

“Form 990, part vi, section c, line 19 the articles of incorporation are available through the illinois secretary of state; the conflict of interest policy is available upon written request to the organization.”

“Form 990, part vii the compensation reported in part vii is the compensation paid by abms for a full-time position. However, a portion of the various individuals' time is devoted to related organizations, which are the american board of medical specialties research and education foundation (abms-ref) as well as abms. Mspapo and abms-ref are required to reimburse abms for these costs.”

“Form 990, Part XI, Line 9 Transfer of Net Deficit as a Result of Dissolution $1,549,322”