The Abim Foundation FY2022 filing

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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

Before you give

FY2022 · 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 · 36% of spending
Concern: pay to officers and key staff is 36% of spending; over 30%.
Pt VII · Sec A
10 mo
of spending, in cash
Plus $77.6M in investments, Pt X · Ln 11–13
Looks good: 9.8 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
$1.0M
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 15 voting members
Concern: none of 15 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.9M
-57% vs prior year
Spent
$3.0M
To programs
100%
Net assets
$79.4M
By yearFY2020–FY2025
Revenue
$4.9M
FY2022▼ -57%
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
FY2022▲ +0.6%
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
$79.4M
FY2022▼ -13%
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Vice President/COO
$461,954Pt VII · Sec A
$213,308Pt VII · Sec A
SR. Director, Foundation Programs
$186,393Pt VII · Sec A
SVP, Communications
$49,824Pt VII · Sec A
Senior Vice President/CFO
$41,658Pt VII · Sec A
$20,000Pt VII · Sec A
Immediate Past Chair
$10,000Pt VII · Sec A
$10,000Pt 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.

See The Abim Foundation executive salaries →

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.

Questions for The Abim Foundation

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1 program · $3.0M · in their own filed words · FY2021
01

The foundation seeks to advance the core values of medical professionalism as a force to improve the quality of health care in the united states. The ideals of professionalism are outlined in the physician charter, the creation of which the foundation co-sponsored and which has been widely embraced.

$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 FY2022 990, line by line.

1The main four
Money inPt VIII
$4.9M
Ln 12
Investment incomeLn 3$4.7M
Gifts and grantsLn 1h$212K
Other incomeLn 4–11$13K
Money outPt IX
$3.0M
Ln 25
Programscol B$3.0M
Owns and owesPt X
$79.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$80.4M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
20
listed · VII A
PaidVII A20
Voting boardVI 1a15
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$212K
Investment incomeLn 3$4.7M
Other incomeLn 4–11$13K
Gains on assetsLn 7$2.5M
Total revenueLn 12$4.9M
Assets in detailPt X, end of year
CashLn 1$2.5M
SavingsLn 2$3K
Cash and savings togetherLn 1–2$2.5M
Accounts receivableLn 4$14K
Prepaid expenses and deferred chargesLn 9$242K
InvestmentsLn 11–13$77.6M
Total assetsLn 16$80.4M
LiabilitiesLn 26$1.0M
Net assetsLn 32$79.4M
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 FY22End FY22
Cash and savingsLn 1–2$2.1M$2.5M
InvestmentsLn 11–13$90.2M$77.6M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$92.5M$80.4M
LiabilitiesLn 26$793K$1.0M
Net assetsLn 32$91.7M$79.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$627K$627K
Grants to domestic individualsLn 2$30K$30K
Pay of current officers, directors and key staffLn 5$1.0M$1.0M
Other salaries and wagesLn 7$769K$769K
Pension plan contributionsLn 8$49K$49K
Other employee benefitsLn 9$79K$79K
Payroll taxesLn 10$83K$83K
Legal feesLn 11b$17K$17K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$74K$74K
Advertising and promotionLn 12$35K$35K
Office expensesLn 13$35K$35K
OccupancyLn 16$117K$117K
TravelLn 17$19K$19K
Conferences, conventions and meetingsLn 19$52K$52K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$3.0M$3.0M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 6, 2026 $8.2M$3.7M$4.4M$98.6M 990 PDF
FY2024Filed with the IRS May 8, 2025 $6.8M$4.6M$2.1M$89.8M 990 PDF
FY2023Filed with the IRS May 10, 2024 $7.5M$3.8M$3.7M$82.9M 990 PDF
FY2022 ViewingFiled with the IRS May 8, 2023 $4.9M$3.0M$1.9M$79.4M 990 PDF
FY2021Filed with the IRS Apr 26, 2022 $11.5M$3.0M$8.5M$91.7M 990 PDF
FY2020Filed with the IRS Apr 22, 2021 $1.5M$3.2M−$1.7M$71.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $4,891,570 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $239,452$212,500
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $11,222,940$4,665,849
I-11 Other revenuePrior year $25,656$13,221
I-12 Total revenuePrior year $11,488,048$4,891,570
I-13 Grants and similar amounts paidPrior year $373,102$657,407
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,841,013$1,989,135
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $798,064$385,130
I-18 Total expensesPrior year $3,012,179$3,031,672
I-19 Revenue less expensesPrior year $8,475,869$1,859,898
Part VI · Governance 0 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members0
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 $4,891,570 across 7 lines filed
VIII-1f All other contributions, gifts and grants$212,500
VIII-1h Total contributions, gifts and grants$212,500
VIII-3 Investment incomeUnrelated business $114,930 · Excluded from tax $2,007,082$2,122,012
VIII-5 RoyaltiesExcluded from tax $3,521$3,521
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,543,837$2,543,837
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,700$9,700
VIII-12 Total revenueRelated to mission $9,700 · Unrelated business $114,930 · Excluded from tax $4,554,440$4,891,570
Part IX · Statement of functional expenses $3,031,672 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $627,407$627,407
IX-2 Grants to domestic individualsPrograms $30,000$30,000
IX-5 Pay of current officers, directors and key staffPrograms $1,009,373$1,009,373
IX-7 Other salaries and wagesPrograms $769,009$769,009
IX-8 Pension plan contributionsPrograms $49,085$49,085
IX-9 Other employee benefitsPrograms $78,704$78,704
IX-10 Payroll taxesPrograms $82,964$82,964
IX-11b Legal feesPrograms $16,885$16,885
IX-11c Accounting feesPrograms $7,361$7,361
IX-11g Other fees for servicesPrograms $74,259$74,259
IX-12 Advertising and promotionPrograms $34,872$34,872
IX-13 Office expensesPrograms $35,206$35,206
IX-16 OccupancyPrograms $116,724$116,724
IX-17 TravelPrograms $18,870$18,870
IX-19 Conferences, conventions and meetingsPrograms $52,043$52,043
IX-23 InsurancePrograms $18,910$18,910
IX-24 Other expenses (24a–d)Programs $10,000$10,000
IX-25 Total functional expensesPrograms $3,031,672 · Management $0 · Fundraising $0$3,031,672
Part X · Balance sheet $80,380,157 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,124,071$2,481,480
X-2 Savings and temporary cash investmentsStart of year $3,003$3,004
X-4 Accounts receivableStart of year $23,724$14,225
X-9 Prepaid expenses and deferred chargesStart of year $119,389$241,903
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $45,120,906$36,517,438
X-12 Other securitiesStart of year $45,100,134$41,122,107
X-16 Total assetsStart of year $92,491,227$80,380,157
X-17 Accounts payable and accrued expensesStart of year $487,736$586,321
X-18 Grants payableStart of year $243,918$375,386
X-25 Other liabilitiesStart of year $61,794$58,538
X-26 Total liabilitiesStart of year $793,448$1,020,245
X-27 Net assets without donor restrictionsStart of year $91,497,779$79,219,912
X-28 Net assets with donor restrictionsStart of year $200,000$140,000
X-32 Total net assets or fund balancesStart of year $91,697,779$79,359,912
X-33 Total liabilities and net assetsStart of year $92,491,227$80,380,157
Part XI · Reconciliation of net assets $79,359,912 net assets at year end
XI-1 Total revenue$4,891,570
XI-2 Total expenses$3,031,672
XI-3 Revenue less expenses$1,859,898
XI-4 Net assets at start of year$91,697,779
XI-5 Net unrealized gains (losses) on investments−$14,197,765
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$79,359,912

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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