The Abim Foundation FY2021 filing

Tax-deductible

Philadelphia, PA501(c)(3)Since 1989Diseases & DisordersEIN 23-2585181Revenue $11.5M in FY2021

On file with the IRSabimfoundation.org510 Walnut St Ste 1700, 19106-3699 · Philadelphia, PATax-exempt since Jun 1990Supporting org, Type I — 509(a)(3)

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501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$1.1M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $3.2M a year · 47% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $135K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$793K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 16 voting members
Worth a look: 1 of 16 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.5M
+669% vs prior year
Spent
$3.0M
To programs
100%
Net assets
$91.7M
By yearFY2020–FY2025
Revenue
$11.5M
FY2021▲ +669%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$11.5M
FY2022$4.9M
FY2023$7.5M
FY2024$6.8M
FY2025$8.2M
Expenses
$3.0M
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.2M
FY2021$3.0M
FY2022$3.0M
FY2023$3.8M
FY2024$4.6M
FY2025$3.7M
Net assets
$91.7M
FY2021▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$71.1M
FY2021$91.7M
FY2022$79.4M
FY2023$82.9M
FY2024$89.8M
FY2025$98.6M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $3.0M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Vice President/COO
$437,729Pt VII · Sec A
$211,743Pt VII · Sec A
SR. Director, Foundation Programs
$173,999Pt VII · Sec A
SVP, Communications
$42,311Pt VII · Sec A
Senior Vice President/CFO
$39,593Pt VII · Sec A
Immed. Past Chair, Chair
$16,500Pt VII · Sec A
Chair, Vice Chair
$15,000Pt VII · Sec A
$14,500Pt VII · Sec A

Jessica Perlo Wieschhoff’s $378K as EVP/COO is at the 96th percentile of top reported officer pay among 733 $1–10M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Daniel Wolfson—$422,310$458,724$461,954$437,729$425,744
Jessica Perlo Wieschhoff$377,751$101,563————
Richard J Baron$299,663—$223,838$213,308$211,743$175,444
Timothy Lynch$255,298$191,427$186,339$186,393$173,999$165,914
Richard Baron—$213,745————
Furman S McDonald$132,584—————
Wanda Odom—————$111,432
Jaime McClennen$102,548—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes medical professionalism to improve healthcare quality through project development and implementation.

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Provided by the organization

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1 program · $3.0M · in their own filed words · FY2020
01

Our work is dedicated to exploring how physician leaders, health care organizations and public policy makers can advance medical professionalism throughout the health care system in order to improve care for everyone.

$3.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$135K
Grants paid · 123 grants · $4.8M · 2019–2024
AcademyhealthDC · FY2024$269,474
Washington UniversityMO · FY2024$50,000
The University of Texas Rio Grande ValleyFY2024$40,000
University of ChicagoIL · FY2024$40,000
Regents of the University of MinnesotaFY2024$40,000
Alameda Health SystemFY2024$40,000
The Arnold Gold FoundationNJ · FY2024$20,000
Prime Healthcare Foundation Southern Regional LLCFY2024$20,000
Phoenix Indian Medical CenterFY2024$20,000
Meharry Medical CollegeTN · FY2024$20,000
HealthteamworksCO · FY2024$20,000
See all 123 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$11.5M
Ln 12
Investment incomeLn 3$11.2M
Gifts and grantsLn 1h$239K
Other incomeLn 4–11$26K
Money outPt IX
$3.0M
Ln 25
Programscol B$3.0M
Owns and owesPt X
$91.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$92.5M
LiabilitiesLn 26$793K
PeoplePt VI, VII
22
listed · VII A
PaidVII A21
Voting boardVI 1a16
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$239K
Investment incomeLn 3$11.2M
Other incomeLn 4–11$26K
Gains on assetsLn 7$10.0M
Total revenueLn 12$11.5M
Assets in detailPt X, end of year
CashLn 1$2.1M
SavingsLn 2$3K
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$90.2M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$92.5M
LiabilitiesLn 26$793K
Net assetsLn 32$91.7M
OperationsPt I, VI
EmployeesI 59
VolunteersI 61
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.1M$2.1M
InvestmentsLn 11–13$69.7M$90.2M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$72.0M$92.5M
LiabilitiesLn 26$863K$793K
Net assetsLn 32$71.1M$91.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$373K$373K
Pay of current officers, directors and key staffLn 5$999K$999K
Other salaries and wagesLn 7$642K$642K
Pension plan contributionsLn 8$56K$56K
Other employee benefitsLn 9$71K$71K
Payroll taxesLn 10$72K$72K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$371K$371K
Advertising and promotionLn 12$80K$80K
Office expensesLn 13$47K$47K
Information technologyLn 14$5K$5K
OccupancyLn 16$101K$101K
Conferences, conventions and meetingsLn 19$84K$84K
InsuranceLn 23$17K$17K
All other expensesLn 24e$86K$86K
Total functional expensesLn 25$3.0M$3.0M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $8.2M$3.7M$4.4M$98.6M 990 PDF
FY2024 $6.8M$4.6M$2.1M$89.8M 990 PDF
FY2023 $7.5M$3.8M$3.7M$82.9M 990 PDF
FY2022 $4.9M$3.0M$1.9M$79.4M 990 PDF
FY2021 Viewing $11.5M$3.0M$8.5M$91.7M 990 PDF
FY2020 $1.5M$3.2M−$1.7M$71.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $11,488,048 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $153,873$239,452
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,317,982$11,222,940
I-11 Other revenuePrior year $21,785$25,656
I-12 Total revenuePrior year $1,493,640$11,488,048
I-13 Grants and similar amounts paidPrior year $355,740$373,102
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,953,081$1,841,013
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $851,664$798,064
I-18 Total expensesPrior year $3,160,485$3,012,179
I-19 Revenue less expensesPrior year −$1,666,845$8,475,869
Part VI · Governance 1 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,488,048 across 7 lines filed
VIII-1f All other contributions, gifts and grants$239,452
VIII-1h Total contributions, gifts and grants$239,452
VIII-3 Investment incomeUnrelated business −$52,665 · Excluded from tax $1,262,956$1,210,291
VIII-5 RoyaltiesExcluded from tax $5,206$5,206
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,012,649$10,012,649
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $20,450$20,450
VIII-12 Total revenueRelated to mission $20,450 · Unrelated business −$52,665 · Excluded from tax $11,280,811$11,488,048
Part IX · Statement of functional expenses $3,012,179 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $373,102$373,102
IX-5 Pay of current officers, directors and key staffPrograms $999,401$999,401
IX-7 Other salaries and wagesPrograms $641,913$641,913
IX-8 Pension plan contributionsPrograms $56,156$56,156
IX-9 Other employee benefitsPrograms $71,157$71,157
IX-10 Payroll taxesPrograms $72,386$72,386
IX-11b Legal feesPrograms $2,470$2,470
IX-11c Accounting feesPrograms $4,778$4,778
IX-11g Other fees for servicesPrograms $370,777$370,777
IX-12 Advertising and promotionPrograms $79,741$79,741
IX-13 Office expensesPrograms $47,097$47,097
IX-14 Information technologyPrograms $5,238$5,238
IX-16 OccupancyPrograms $101,062$101,062
IX-19 Conferences, conventions and meetingsPrograms $84,106$84,106
IX-23 InsurancePrograms $16,588$16,588
IX-24e All other expensesPrograms $86,207$86,207
IX-25 Total functional expensesPrograms $3,012,179 · Management $0 · Fundraising $0$3,012,179
Part X · Balance sheet $92,491,227 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,077,733$2,124,071
X-2 Savings and temporary cash investmentsStart of year $3,002$3,003
X-4 Accounts receivableStart of year $5,750$23,724
X-9 Prepaid expenses and deferred chargesStart of year $70,841$119,389
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $35,853,288$45,120,906
X-12 Other securitiesStart of year $33,825,443$45,100,134
X-16 Total assetsStart of year $71,954,590$92,491,227
X-17 Accounts payable and accrued expensesStart of year $544,983$487,736
X-18 Grants payableStart of year $254,290$243,918
X-25 Other liabilitiesStart of year $63,967$61,794
X-26 Total liabilitiesStart of year $863,240$793,448
X-27 Net assets without donor restrictionsStart of year $70,972,817$91,497,779
X-28 Net assets with donor restrictionsStart of year $118,533$200,000
X-32 Total net assets or fund balancesStart of year $71,091,350$91,697,779
X-33 Total liabilities and net assetsStart of year $71,954,590$92,491,227
Part XI · Reconciliation of net assets $91,697,779 net assets at year end
XI-1 Total revenue$11,488,048
XI-2 Total expenses$3,012,179
XI-3 Revenue less expenses$8,475,869
XI-4 Net assets at start of year$71,091,350
XI-5 Net unrealized gains (losses) on investments$12,130,560
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$91,697,779

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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