Public Charity

ABFM FOUNDATION INC

ABFM FOUNDATION INC, of LEXINGTON, KY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $25.0M in revenue, $9.5M in expenses, $130.6M in total assets. 3 publicly reported grants to this organization, totaling roughly $116K, appear in IRS filings.

EIN: 611368512 LEXINGTON, KY Latest filing: 2024
Total Revenue$25.0M
Total Expenses$9.5M
Total Assets$130.6M
Grant Records3
Funding Total$116K
Filing Years2019–2024

Mission

TO PERFORM THE FUNCTIONS OF AND CARRY OUT THE EDUCATION SCIENTIFIC LITERARY AND CHARITABLE PURPOSES OF ITS SUPPORTED ORGANIZATION, THE AMERICAN BOARD OF FAMILY MEDICINE (ABFM) INCLUDING: (A)TO ACCEPT FUNDING REQUESTS SUBMITTED TO THE ABFM OR FROM OTHER ORGANIZATIONS INVOLVED IN THE FOSTERING OF EDUCATION, SCHOLARLY ACTIVITIES OR RESEARCH IN FAMILY MEDICINE OR EDUCATIONAL TRAINING AND TESTING AND TO ADVISE THE ABFM OF THE BENEFIT TO THE SPECIALTY OF FAMILY MEDICINE OF PROVIDING SUCH SUPPORT; (B)TO SOLICIT AND ACCEPT CONTRIBUTIONS OR RESEARCH GRANTS FROM ORGANIZATIONS TO HELP FUND ANY PROJECTS/INITIATIVES THAT MEET THE ABOVE REQUIREMENTS.

Officers & Directors

DIRECTOR Carlos Gonzales
DIRECTOR AND VICE CHAIR Carlos Jaen Md
DIRECTOR Collen Conry Md
DIRECTOR AND CHAIR Diane Beebe Md
DIRECTOR Jerry Kruse
DIRECTOR AND TREASURER Laura Brooks Md

Officer compensation and complete director data available with membership.

Top Grant Purposes

FOR RECIPIENT'S EXEMPT PURPOSE
$75,000 1 grant
Support Project for Physician Faculty Development
$33,333 1 grant
ENGAGEMENT STRATEGY FOR GRADUATE MEDICAL EDUCATION REFORM
$8,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $25.0M $9.5M $130.6M
2023 $8.9M $7.8M $109.2M
2022 $8.2M $8.5M $94.6M
2020 $8.2M $3.5M $70.7M
2019 $16.4M $3.3M $61.8M

Between 2019 and 2024, reported annual revenue grew from $16.4M to $25.0M (+53%), with total assets most recently reported at $130.6M.

Interactive year-over-year charts and full filing details available with membership.

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