Liabilities / Assets
12th percentile
Higher debt load relative to assets than 12% of similar nonprofits.
Aabb Foundation Inc
EIN 88-1553314 • 501(c)3 • Bethesda, MD
Profile
To fund research, education, and related initiatives in the field of blood and biotherapies.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
24th percentile
Higher debt load relative to revenue than 24% of similar nonprofits.
Net Margin
30th percentile
Higher net margin than 30% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 19.2% of source-year revenue.
Asset Growth
53rd percentile
Faster asset growth than 53% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Balance Sheet
Assets
Up$19,932,151
Up $1,092,635 (+5.8%) from 2023
Liabilities
Up$95,785
Up $31,400 (+49%) from 2023
Net Assets
Up$19,836,366
Up $1,061,235 (+5.7%) from 2023
Revenue
Down$1,447,507
Down $2,656,727 (-65%) from 2023
Expenses
Up$1,473,644
Up $22,247 (+1.5%) from 2023
Net Income
Down-$26,137
Down $2,678,974 (-101%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $19,932,151
- Liabilities
- $95,785
- Net assets
- $19,836,366
- Revenue
- $1,447,507
- Expenses
- $1,473,644
- Net income
- -$26,137
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 13, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $1,750,012
Mission and Program Overview
Mission
To fund research, education, and related initiatives in the field of blood and biotherapies.
AABB Foundation Inc's purpose is to support the mission and vision of the American Association of Blood Banks. This includes funding research, education, and related initiatives in the field of blood and biotherapies.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $18,081,951 | $19,491,124 | ▲ $1,409,173 |
| Cash and Non-Interest-Bearing Accounts | $170,669 | $256,284 | ▲ $85,615 |
| Investments Other Securities | $20,848 | $2,547 | ▼ $18,301 |
| Total Assets | $18,839,516 | $19,932,151 | ▲ $1,092,635 |
| Other Assets Total | $566,048 | $182,196 | ▼ $383,852 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $64,385 | $70,785 | ▲ $6,400 |
| Deferred Revenue | - | $25,000 | - |
| Total Liabilities | $64,385 | $95,785 | ▲ $31,400 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $15,993,921 | $17,468,594 | ▲ $1,474,673 |
| Net Assets With Donor Restrictions | $2,781,210 | $2,367,772 | ▼ $413,438 |
| Total Net Assets Fund Balance | $18,775,131 | $19,836,366 | ▲ $1,061,235 |
| Total Liabilities and Net Assets / Fund Balance | $18,839,516 | $19,932,151 | ▲ $1,092,635 |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2024 | $1,262,179 | - | ▲ $141,845 | $42,893 | $1,361,131 |
| 2023 | $1,139,957 | $400 | ▲ $142,121 | $20,299 | $1,262,179 |
| 2022 | - | $1,092,154 | ▲ $67,239 | $7,436 | $1,139,957 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Julia Zimmerman | ED.,Foundation and Chief Comm./Engmt. Officer | PT | $104,111 | $321,830 | $425,941 |
| Jason Sapia | Foundation Director | FT | $149,389 | $4,358 | $153,747 |
| Julia Zimmerman | ED.,Foundation and Chief Comm./Engmt | - | $103,913 | $14,870 | $118,783 |
| Kunal Chavan | CFO/CIO | - | - | $13,774 | $13,774 |
Board Members and Trustees
| Name | Title |
|---|---|
| Richard Schafer | President |
| Jose A Cancelas | President (To 10/24)/Director |
| Aaron A R Tobian | Director |
| Meghan Delaney | Director |
| Nancy Dunbar | Director |
| Sally A Campbell-Lee | Director |
| Brian Gannon | Director (To 10/24) |
| Debra BenAvram | Chief Executive Officer |
| Michael Grogan | Chief Operating Officer (To 07/24) |
| Delisa English | Secretary |
| John Hagins | Treasurer |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| American Association of Blood Banks | Management Services | 4550 Montgomery Ave N Tower STE 7, Bethesda, MD 20814 | $367,500 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $454,618
- Program Service Revenue
- $32,000
- Investment Income
- $960,889
- Other Revenue
- $0
- All Other Contributions
- $454,618
- Change in Net Assets
- $-26,137
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $620,500 |
| Other Expenses | $568,144 |
| Salaries, Compensation, and Employee Benefits | $285,000 |
| Total Fundraising Expense | $159,870 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $600,000 | - | - | $600,000 |
| Fees for Services Management | - | $367,500 | - | $367,500 |
| Other Salaries and Wages | $59,838 | $13,297 | $59,838 | $132,973 |
| Current Officers, Directors, Trustees, and Key Employees | $53,452 | $11,878 | $53,452 | $118,782 |
| Fees for Service Investment Mgmnt Fees | - | $57,389 | - | $57,389 |
| Fees for Services Other | $14,913 | $14,458 | $19,102 | $48,473 |
| Grants to Domestic Individuals | $20,500 | - | - | $20,500 |
| Other Employee Benefits | $8,976 | $1,995 | $8,976 | $19,947 |
| Travel | $14,568 | $621 | - | $15,189 |
| Payroll Taxes | $5,984 | $1,330 | $5,984 | $13,298 |
| Information Technology | $6,610 | - | $4,215 | $10,825 |
| Fees for Services Accounting | - | $6,400 | - | $6,400 |
| Office Expenses | - | $4,774 | - | $4,774 |
| Occupancy | $2,174 | - | $932 | $3,106 |
| Advertising | - | - | $480 | $480 |
| Other Expenses | $12,568 | $108 | $6,891 | $108 |
| Total Functional Expenses | $826,748 | $487,026 | $159,870 | $1,473,644 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| American Red Cross | Washington, DC | 501c3 | Scientific Research Grant | $100,000 |
| Brigham & Womens Hospital | Boston, MA | 501c3 | Scientific Research Grant | $100,000 |
| Columbia University | New York, NY | 501c3 | Scientific Research Grant | $100,000 |
| Duke University | Durham, NC | 501c3 | Scientific Research Grant | $100,000 |
| The University of Utah | Salt Lake City, UT | 501c3 | Scientific Research Grant | $100,000 |
| University of Wisconsin-Madison | Madison, WI | 501c3 | Scientific Research Grant | $100,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, line 1A
“The Executive Committee shall have all the powers and authority of the Board of Directors and shall function on behalf of the Board of Directors during interim periods between regularly scheduled Board of Directors meetings.”
Form 990, Part VI, Section A, line 6
“American Association of Blood Banks is the sole member of AABB Foundation Inc.”
Form 990, Part VI, Section A, line 7A
“As the sole member, American Association of Blood Banks has the power to appoint AABB Foundation Inc. board members.”
Form 990, Part VI, Section A, line 7B
“As the sole member, American Association of Blood Banks must approve the following actions of AABB Foundation Inc. (foundation): A) Dissolution of the foundation b) Merger or consolidation involving the foundation c) Disposition of all or substantially all of the assets of the foundation D) Purchase, sale, mortgage, lease or other development of real property of the foundation E) Amendment of the articles of incorporation or bylaws of the foundation F) Appointment and removal of the foundation's Board of Directors G) Approval of the foundation's engagement of an independent financial consultant and approval of corrective actions plans related to material financial and operating issues H) Engagement of independent auditors, approval of their reports, and review of their performance I) Approval of the operating and capital budgets and any strategic plans of the foundation, including any material amendments or modifications thereto; and J) Establishment of any new legal entities or lines of business or any activity that would impact the tax exemptions of the foundation or AABB”
Form 990, Part VI, Section B, line 11B
“The Board of Directors will discuss and approve the amended form 990 prior to filing with the internal revenue service.”
Form 990, Part VI, Section B, line 12C
“AABB Foundation Inc. has formally adopted the conflict of interest (COI) policy of its sole member, American Association of Blood Banks (AABB). Individuals covered by the COI policy include board and committee members, volunteer assessors, employees, and the editorial board. Annually, or more frequently as necessary, covered individuals are required to complete a disclosure statement. The disclosure statements are reviewed by the Executive Office and human resources department to identify perceived or AABB Foundation Inc. 88-1553314 actual conflicts. Subsequently, the board president, editor-in-chief, or committee chair will determine whether the conflicted individual must be excused from discussions or precluded from voting on the issue giving rise to the conflict. In the event of a disagreement, the audit and ethics committee will be consulted for resolution.”
Form 990, Part VI, Section C, line 19
“The governing documents, conflicts of interest policy and financial statements are not available for public inspection.”
Filing and Contact Details
Filer
- Filer Name
- AABB Foundation Inc
- EIN
- 88-1553314
- Phone
- 3019076977
- Address
- 4550 Montgomery Ave N Tower 700, Bethesda, MD 20814
Signing Officer
- Name
- Kunal Chavan
- Title
- CFO/CIO
- Phone
- 3019076977
- Signed
- 2025-11-13
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Debra BenAvram
- Formed
- 2022
- Legal Domicile
- Md
- Voting Board Members
- 8
- Independent Board Members
- 8
- Employees
- 2
- Volunteers
- 27
Preparer
- Firm
- Rogers & Company PLLC
- Address
- 8300 Boone Boulevard Suite 600, Vienna, VA 22182
- Preparer
- Yong Zhang CPA
- Phone
- 7038930300
Supplemental Narrative
Additional Explanations
Form 990, Part V, Line 2
“The Foundation did not issue any W2s under its own EIN. Instead, those employees reported on line 2 of Part V received their W-2s from American Association of Blood Banks, the supported organization of the Foundation.”
Form 990, Part XII, Line 2C:
“The processes for oversight of the audit and selection of the independent accountants to perform the audit has not changed from the prior tax year.”
Financial Statement Notes
Part V, Line 4:
“Net assets with donor restrictions held in perpetuity consist of contributions received for the Hemphill Jordan leadership award, the Emily Cooley memorial award and lectureship, the Tibor Greenwalt memorial award and lectureship, in memory of sally frank, and contributions made by the estate of Bernice Hemphill. The earnings of each are defined below: The Hemphill Jordan earnings are restricted for the purpose of honoring leaders from the blood banking and transfusion medicine community who have made significant contributions in the areas of administration, quality programs, law, and/or government affairs. The Emily Cooley earnings are restricted for the purpose of honoring an individual who has demonstrated teaching ability and has made a major contribution to the field of immunohematology and transfusion medicine or cellular therapies. The Tibor Greenwalt earnings are restricted for the purpose of the award and lectureship honoring an individual who has made major scientific or clinical contributions to hematology and transfusion medicine. The sally frank earnings are restricted for the purpose of supporting a bi-annual award and lectureship. The Bernice Hemphill estate earnings are restricted for the purpose of establishing a blood-banking museum at the national headquarters.”
Part X, Line 2:
“Management has evaluated the Foundation's tax positions and has concluded that the Foundation has taken no uncertain tax positions that qualify for either recognition or disclosure in the consolidated financial statements for the year ended December 31, 2024.”
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 10928 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director (To 10/24) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Chief Executive Officer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | ED.,Foundation and Chief Comm./Engmt. Officer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Chief Operating Officer (To 07/24) |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Foundation Director |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Net assets with donor restrictions held in perpetuity consist of contributions received for the Hemphill Jordan leadership award, the Emily Cooley memorial award and lectureship, the Tibor Greenwalt memorial award and lectureship, in memory of sally frank, and contributions made by the estate of Bernice Hemphill. The earnings of each are defined below: The Hemphill Jordan earnings are restricted for the purpose of honoring leaders from the blood banking and transfusion medicine community who have made significant contributions in the areas of administration, quality programs, law, and/or government affairs. The Emily Cooley earnings are restricted for the purpose of honoring an individual who has demonstrated teaching ability and has made a major contribution to the field of immunohematology and transfusion medicine or cellular therapies. The Tibor Greenwalt earnings are restricted for the purpose of the award and lectureship honoring an individual who has made major scientific or clinical contributions to hematology and transfusion medicine. The sally frank earnings are restricted for the purpose of supporting a bi-annual award and lectureship. The Bernice Hemphill estate earnings are restricted for the purpose of establishing a blood-banking museum at the national headquarters. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | Management has evaluated the Foundation's tax positions and has concluded that the Foundation has taken no uncertain tax positions that qualify for either recognition or disclosure in the consolidated financial statements for the year ended December 31, 2024. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part V, Line 4: |
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