Overview
What is Abfm Foundation Inc?
Abfm Foundation Inc, based in Lexington, Kentucky, is a nonprofit organization dedicated to enhancing the education, training, and certification processes for family physicians. Their mission revolves around fostering educational analysis and research in family medicine, with a primary focus on supporting the American Board of Family Medicine (ABFM). The foundation accepts funding requests related to family medicine education, scholarly activities, research, and training. Their purpose is to advance the field of family medicine by funding projects and initiatives that align with these objectives, thereby contributing to the betterment of this medical specialty.
Is Abfm Foundation Inc legitimate?
Abfm Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abfm Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Abfm Foundation Inc?
The Abfm Foundation Inc's mission is centered around promoting education, scholarly analysis, and research in the field of family medicine. It functions by supporting the American Board of Family Medicine (ABFM) and advising on the benefits of funding requests related to family medicine education, scholarly activities, research, or educational training and testing. The foundation also solicits and accepts contributions or research grants from organizations to fund projects that meet these requirements. Ultimately, the foundation's goal is to contribute to the advancement of the specialty of family medicine.
What is the revenue of Abfm Foundation Inc?
Abfm Foundation Inc's revenue in 2023 was $8,860,380.
Who are the executives of Abfm Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $908,589
- Other: $48,324
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $5,500
- Related: $0
- Other: $0
- Compensation: $7,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $8,435
- Other: $0
- Compensation: $0
- Related: $190,922
- Other: $16,308
Where can I find the form 990 for Abfm Foundation Inc?
Abfm Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Abfm Foundation Inc
The Abfm Foundation Inc, with a focus on family medicine, is dedicated to fostering education, scholarly analysis, and research in this field. Its mission is multifaceted, encompassing several key functions. Firstly, it serves as a conduit for funding requests submitted to the American Board of Family Medicine (ABFM) or from other organizations involved in promoting education, scholarly activities, research, or educational training and testing in family medicine. By providing such support, the Foundation advises the ABFM on the potential benefits to the field of family medicine.
Secondly, the Abfm Foundation Inc actively solicits and accepts contributions or research grants from various organizations. These funds are utilized to support projects and initiatives that align with its mission. By doing so, the Foundation plays a pivotal role in enhancing the development and advancement of family medicine, contributing to its overall growth and impact. The Abfm Foundation Inc's mission is therefore instrumental in supporting the educational, scientific, and charitable purposes of the ABFM, thereby bolstering the field of family medicine.
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Impact
October, 2024
Abfm Foundation Inc significantly contributes to advancing education and scholarly research in family medicine. By focusing on improving the education, training, and certification processes for family physicians, the organization plays a critical role in enhancing the quality of healthcare delivery.
Through its mission, Abfm Foundation Inc supports the American Board of Family Medicine by accepting funding requests and advising on projects that foster educational initiatives and scholarly activities in the field. This not only empowers current and future family physicians but also strengthens the overall specialty of family medicine.
Additionally, by soliciting and accepting contributions and research grants, the foundation is able to support various projects and initiatives that align with its goals. This strategic approach ensures that resources are directed towards meaningful advancements within the healthcare sector, creating a lasting impact on both practitioners and patients alike. As a result, Abfm Foundation Inc stands as a vital entity in shaping the future of family medicine education and practice.
This information is meant to be a general summary of Abfm Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,996,688
- Program Service Revenue: $3,080,917
- Gross Receipts: $39,171,471
Assets and Liabilities:
- Total Assets: $94,569,952
- Total Liabilities: $5,076,275
- Net Assets: $89,493,677
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CENTER CONTRACT INCOME
Revenue
$2,100,808
PUBLICATION FEE
Revenue
$975,000
JOURNAL REVENUE
Revenue
$5,109
Organization Details
Founding Year
2000
Principal Officer
Warren Newton Md
NTEE Category
Code: P80 - Human services
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