The Abwm Foundation FY2020 filing

Tax-deductible

Washington, DC501(c)(3)Since 2013Health CareEIN 46-0646903

Support the advancement of wound care, the promotion of certification for providers of chronic and acute wounds, and the benefit of the public by developing and providing quality education and conducting sound research

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
4 of 6
years in the black
Worth a look: 2 of the last 6 filings show a deficit.
Pt I · Ln 19 · 6 filings
How much reaches the programs?
61%
of spending
Worth a look: 61% of spending went to programs; under 75% is worth a look.
Pt IX · Ln 25 · col B
Do they have reserves?
9 mo
of spending, in cash
Looks good: 9.0 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $48
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$763
liabilities
Looks good: debts are 0% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
9
independent of 9 voting board members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$187K
Spent
$161K
To programs
61%
Net assets
$138K
By yearFY2020–FY2025
Revenue
$187K
FY2020
Revenue by fiscal year
FY2020$187K
FY2021$210K
FY2022$204K
FY2023$223K
FY2024$225K
FY2025$208K
Expenses
$161K
FY2020
Expenses by fiscal year
FY2020$161K
FY2021$175K
FY2022$212K
FY2023$208K
FY2024$209K
FY2025$215K
Net assets
$138K
FY2020
Net assets by fiscal year
FY2020$138K
FY2021$173K
FY2022$165K
FY2023$180K
FY2024$196K
FY2025$189K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CThe Abwm Foundation
EINHdr · item D46-0646903
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2014
Year of formationHdr · item L2013
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CWashington, DC
NTEE classificationIRS BMFHealth Care (E70)
WebsiteHdr · item Jwww.abwmfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.39
Program services61%$98K
Management & general39%$64K
Total functional expensesLn 25$161K

Financial health

Is it on solid ground?

Program efficiency
61%
of spending reaches programs
Operating runway
9.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$139K
FY2020
Total assets by fiscal year
FY2020$139K
FY2021$178K
FY2022$188K
FY2023$191K
FY2024$220K
FY2025$191K
Total liabilities
$763
FY2020
Total liabilities by fiscal year
FY2020$763
FY2021$6K
FY2022$24K
FY2023$11K
FY2024$24K
FY2025$2K
Revenue less expensesPt I · Ln 19$26K
Total assetsPt X · Ln 16$139K
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$121K
Total assetsLn 16$139K
Total liabilitiesLn 26$763
Total net assetsLn 32$138K
Months of cash on handcomputed9.0

Statement of Revenue

Part VIII
Contributions & grants$101K · 54%
Other revenue$86K · 46%
Contributions & grants54%$101K
Other revenue46%$86K
Total revenueLn 12$187K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $121K · Operating expenses/yr $161K
9.0 months
Where the money goes
Program services
Program services $98K · Total expenses $161K
61%
Management & General
Management & general $64K · Total expenses $161K
39%
Fundraising
Fundraising $0 · Total expenses $161K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $101K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $101K · Total revenue $187K
54%
Government reliance
Government grants — · Total revenue $187K
—
Earned-income share
Program service revenue $0 · Total revenue $187K
0%
Investment reliance
Investment income $0 · Total revenue $187K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $161K
0%
Growth & trend
Revenue growth (YoY)
This year $187K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $138K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $187K · Expenses $161K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $139K
—
Net-asset ratio
Net assets $138K · Total assets $139K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $139K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Joseph M McCulloch · Reported title Chair · Highest reported compensation $0 · Total expenses $161K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $161K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 61%——
Overhead ratio 39%——
Fundraising cost ratio 0%——
Investment management fee ratio 0%——
Legal fee ratio 0.2%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Abwm Foundation executive salaries →

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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Advance wound care through education, research, and provider certification.

Provided by the organization

This section is blank until The Abwm Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $98K of program spending, described in the organization's own filed words · FY2020.
01

Support the advancement of wound care, the promotion of certification for providers of chronic and acute wounds, and the benefit of the public by developing and providing quality education and conducting sound research

$98Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$48

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $208K$215K-7% 990 PDF
FY2024 $225K$209K+0.7% 990 PDF
FY2023 $223K$208K+9% 990 PDF
FY2022 $204K$212K-2% 990 PDF
FY2021 $210K$175K+12% 990 PDF
FY2020 Viewing $187K$161K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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