2025-11-14T13:26:34-06:00 2024-12-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2024-01-01 881553314 AABB Foundation Inc AABB 3019076977 4550 Montgomery Ave N Tower 700 Bethesda MD 20814 Kunal Chavan CFO/CIO 3019076977 2025-11-13 1 1 Yong Zhang CPA P01249785 7038930300 2025-11-10 2024 2025-03-06 01:10:19Z Debra BenAvram 4550 Montgomery Ave N Tower 700 Bethesda MD 20814 1750012 0 X www.aabb.org X 2022 MD AABB Foundation Inc's purpose is to support the mission and vision of the American Association of Blood Banks. This includes funding research, education, and related initiatives in the field of blood and biotherapies. 8 8 2 27 0 0 1535409 454618 37188 32000 2531637 960889 0 0 4104234 1447507 440050 620500 0 0 260400 285000 0 0 159870 750947 568144 1451397 1473644 2652837 -26137 18839516 19932151 64385 95785 18775131 19836366 To fund research, education, and related initiatives in the field of blood and biotherapies. 0 0 826748 620500 32000 The AABB Foundation actively supports research, education, and training and manages the investments and the endowments that provide awards to individuals that have made major contributions to the fields of blood transfusion medicine and related therapies. 826748 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 0 0 0 X Kunal Chavan CFOCIO 3019076977 4550 Montgomery Ave N Tower 700 Bethesda MD 20814 Richard Schafer President 2.00 4.00 X X 0 0 0 John Hagins Treasurer 1.00 4.00 X X 0 0 0 Delisa English Secretary 1.00 4.00 X X 0 0 0 Jose A Cancelas President (To 10/24)/Director 1.00 4.00 X X 0 0 0 Aaron A R Tobian Director 1.00 4.00 X 0 0 0 Meghan Delaney Director 1.00 4.00 X 0 0 0 Brian Gannon Director (To 10/24) 1.00 4.00 X 0 0 0 Nancy Dunbar Director 1.00 2.00 X 0 0 0 Sally A Campbell-Lee Director 1.00 2.00 X 0 0 0 Debra BenAvram Chief Executive Officer 2.00 35.50 X 0 748835 132839 Julia Zimmerman ED.,Foundation and Chief Comm./Engmt. Officer 11.25 26.25 X 104111 272924 48906 Michael Grogan Chief Operating Officer (To 07/24) 2.00 35.50 X 0 414815 29618 Kunal Chavan CFO/CIO 2.00 35.50 X 0 10928 2846 Jason Sapia Foundation Director 37.50 X 149828 0 3919 253939 1447502 218128 2 0 1 0 American Association of Blood Banks 4550 Montgomery Ave N Tower STE 7 Bethesda MD 20814 Management Services 367500 1 454618 454618 Sponsorships 900099 32000 32000 32000 470555 470555 792839 302505 490334 490334 490334 1447507 32000 0 960889 600000 600000 20500 20500 118782 53452 11878 53452 132973 59838 13297 59838 19947 8976 1995 8976 13298 5984 1330 5984 367500 367500 6400 6400 57389 57389 48473 14913 14458 19102 480 480 4774 4774 10825 6610 4215 3106 2174 932 15189 14568 621 Catering 34056 27165 0 6891 Awards expense 12568 12568 Taxes and Licenses 7276 7276 Membership and subscrip 108 108 1473644 826748 487026 159870 170669 256284 18081951 19491124 20848 2547 566048 182196 18839516 19932151 64385 70785 25000 64385 95785 X 15993921 17468594 2781210 2367772 18775131 19836366 18839516 19932151 -26137 1087372 0 X X 0 1 X 1 0 X X X 1 American Association of Blood Banks 362384118 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1262179 141845 42893 1361131 1139957 400 142121 20299 1262179 1092154 67239 12000 7436 1139957 0.00000 0.51000 0.49000 0 0 0 X Part V, Line 4: Net assets with donor restrictions held in perpetuity consist of contributions received for the Hemphill Jordan leadership award, the Emily Cooley memorial award and lectureship, the Tibor Greenwalt memorial award and lectureship, in memory of sally frank, and contributions made by the estate of Bernice Hemphill. The earnings of each are defined below: The Hemphill Jordan earnings are restricted for the purpose of honoring leaders from the blood banking and transfusion medicine community who have made significant contributions in the areas of administration, quality programs, law, and/or government affairs. The Emily Cooley earnings are restricted for the purpose of honoring an individual who has demonstrated teaching ability and has made a major contribution to the field of immunohematology and transfusion medicine or cellular therapies. The Tibor Greenwalt earnings are restricted for the purpose of the award and lectureship honoring an individual who has made major scientific or clinical contributions to hematology and transfusion medicine. The sally frank earnings are restricted for the purpose of supporting a bi-annual award and lectureship. The Bernice Hemphill estate earnings are restricted for the purpose of establishing a blood-banking museum at the national headquarters. Part X, Line 2: Management has evaluated the Foundation's tax positions and has concluded that the Foundation has taken no uncertain tax positions that qualify for either recognition or disclosure in the consolidated financial statements for the year ended December 31, 2024. 1 American Red Cross 431 18th Street NW Washington DC 20006 530196605 501c3 100000 0 Scientific Research Grant Brigham & Womens Hospital 75 Francis Street Boston MA 02115 042312909 501c3 100000 0 Scientific Research Grant Duke University 2200 West Main Street Durham NC 27705 560532129 501c3 100000 0 Scientific Research Grant The University of Utah 201 S Presidents Circle Park Bldg Rm 405 Salt Lake City UT 84112 876000525 501c3 100000 0 Scientific Research Grant Columbia University 615 West 131st St 3rd Floor New York NY 10027 135598093 501c3 100000 0 Scientific Research Grant University of Wisconsin-Madison 21 N Park Street Suite 630 Madison WI 53715 396006492 501c3 100000 0 Scientific Research Grant 6 0 Awards 6 20500 Part I, Line 2: Every applicant provides a budget for their project that is evaluated by the AABB Foundation Inc (Foundation) scientific research grants review committee. If funded, an awardee who wants to change their budget allocation needs to submit a change request form justifying the need. Typically, after consultation with the chair of the scientific research grants review committee, the AABB Foundation Director sends an approval (or non-approval) letter. The AABB Foundation does not require a financial report at the end of the grant period, however some institutions provide them, and they are filed along with the grant recipient's research final report. Grant recipients sign an agreement before any funds are released to their institutions. As part of this agreement, they agree to return any unused funds. Every grant recipient provides a final report at the end of their funding period. Two-year grant recipients also provide an interim report after the completion of their first year. Upon completion of the grant period, recipients are requested to submit their research findings to academic journals for publication and to present their results at a foundation forum. The foundation maintains electronic records related to all grants, including applications, ethics approvals, recipient agreements, interim and final reports, and official correspondence with recipients and their institutions. The Foundation issues funds directly to award or honorarium recipients for use at their discretion. 1 1 0 0 0 0 0 0 0 Debra BenAvram Chief Executive Officer 0 623971 0 90090 0 34774 0 91089 0 41750 0 881674 0 0 Michael Grogan Chief Operating Officer (To 07/24) 0 229628 0 30000 0 155187 0 7569 0 22049 0 444433 0 0 Julia Zimmerman ED.,Foundation and Chief Comm./Engmt 103913 242462 0 30000 198 462 3105 7245 11567 26989 118783 307158 0 0 Jason Sapia Foundation Director 149389 0 0 0 439 0 1059 0 2860 0 153747 0 0 0 Schedule J, Part I, Line 4a Michael Grogan received a severance payment of $133,620 from American Association of Blood Banks, a related organization, during FY 2024 which was properly reported on his 2024 W2, 1099, and F990. The terms and conditions of the arrangement is confidential and is available to the IRS upon request. Schedule J, Part I, Line 4b Debra BenAvram participated in a section 457(f) plan with American Association of Blood Banks, a related organization, in 2024. During the tax year, the organization made a contribution of $59,581 to the plan. This amount is included in deferred compensation in part VII, column F and schedule J, column C. Form 990, Part V, Line 2 The Foundation did not issue any W2s under its own EIN. Instead, those employees reported on line 2 of Part V received their W-2s from American Association of Blood Banks, the supported organization of the Foundation. Form 990, Part VI, Section A, line 1a The Executive Committee shall have all the powers and authority of the Board of Directors and shall function on behalf of the Board of Directors during interim periods between regularly scheduled Board of Directors meetings. Form 990, Part VI, Section A, line 6 American Association of Blood Banks is the sole member of AABB Foundation Inc. Form 990, Part VI, Section A, line 7a As the sole member, American Association of Blood Banks has the power to appoint AABB Foundation Inc. board members. Form 990, Part VI, Section A, line 7b As the sole member, American Association of Blood Banks must approve the following actions of AABB Foundation Inc. (foundation): A) Dissolution of the foundation b) Merger or consolidation involving the foundation c) Disposition of all or substantially all of the assets of the foundation D) Purchase, sale, mortgage, lease or other development of real property of the foundation E) Amendment of the articles of incorporation or bylaws of the foundation F) Appointment and removal of the foundation's Board of Directors G) Approval of the foundation's engagement of an independent financial consultant and approval of corrective actions plans related to material financial and operating issues H) Engagement of independent auditors, approval of their reports, and review of their performance I) Approval of the operating and capital budgets and any strategic plans of the foundation, including any material amendments or modifications thereto; and J) Establishment of any new legal entities or lines of business or any activity that would impact the tax exemptions of the foundation or AABB Form 990, Part VI, Section B, line 11b The Board of Directors will discuss and approve the amended form 990 prior to filing with the internal revenue service. Form 990, Part VI, Section B, line 12c AABB Foundation Inc. has formally adopted the conflict of interest (COI) policy of its sole member, American Association of Blood Banks (AABB). Individuals covered by the COI policy include board and committee members, volunteer assessors, employees, and the editorial board. Annually, or more frequently as necessary, covered individuals are required to complete a disclosure statement. The disclosure statements are reviewed by the Executive Office and human resources department to identify perceived or AABB Foundation Inc. 88-1553314 actual conflicts. Subsequently, the board president, editor-in-chief, or committee chair will determine whether the conflicted individual must be excused from discussions or precluded from voting on the issue giving rise to the conflict. In the event of a disagreement, the audit and ethics committee will be consulted for resolution. Form 990, Part VI, Section C, line 19 The governing documents, conflicts of interest policy and financial statements are not available for public inspection. Form 990, Part XII, Line 2c: The processes for oversight of the audit and selection of the independent accountants to perform the audit has not changed from the prior tax year. American Association of Blood Banks 4550 Montgomery Ave Ste 700 North T Bethesda MD 20814 362384118 Research and Education IL 501(c)(3) Line 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 American Association of Blood Banks O 285000 FMV American Association of Blood Banks P 761113 FMV American Association of Blood Banks M 367500 FMV