2025-11-17T11:26:52-06:00 2023-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2023-01-01 881553314 AABB FOUNDATION INC AABB 3019076977 4550 MONTGOMERY AVE N TOWER 700 BETHESDA MD 20814 DEBRA BENAVRAM CEO 3019076977 2025-11-14 1 0 JENIFER L CHASE P01306883 5638884000 2025-11-14 2023 2025-03-06 01:10:19Z DEBRA BENAVRAM 4550 MONTGOMERY AVE N TOWER 700 BETHESDA MD 20814 19169159 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. 9 8 2 26 0 0 15636508 1535409 0 37188 100715 2531637 0 0 15737223 4104234 19160 440050 0 0 0 260400 0 0 142855 26556 750947 45716 1451397 15691507 2652837 16572479 18839516 14428 64385 16558051 18775131 TO FUND RESEARCH, EDUCATION, AND RELATED INITIATIVES IN THE FIELD OF BLOOD AND BIOTHERAPIES 0 0 672714 440050 37188 THE AABB FOUNDATION INC 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. 672714 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 0 0 0 X ELENA PARKIN 3019076977 4550 MONTGOMERY AVE N TOWER 700 BETHESDA MD 20814 DEBRA BENAVRAM CEO, AABB 2.00 35.50 X X 0 680982 107911 JOSE A CANCELAS PRESIDENT 2.00 4.00 X X 0 0 0 JAMES D GORHAM PRESIDENT (UNTIL 10/23) 2.00 X X 0 0 0 DELISA ENGLISH TREASURER 1.00 4.00 X X 0 0 0 RICHARD SCHAFER SECRETARY 1.00 2.00 X X 0 0 0 DANA DEVINE SECRETARY (UNTIL 10/23) 1.00 3.00 X X 0 0 0 SALLY A CAMPBELL-LEE DIRECTOR 1.00 2.00 X 0 0 0 MEGHAN DELANEY DIRECTOR 1.00 4.00 X 0 0 0 NANCY DUNBAR DIRECTOR 1.00 2.00 X 0 0 0 BRIAN GANNON DIRECTOR 1.00 4.00 X 0 0 0 CHRIS HROUDA DIRECTOR (UNTIL 10/23) 1.00 X 0 0 0 AARON A R TOBIAN DIRECTOR 1.00 4.00 X 0 0 0 0 680982 107911 0 0 1 0 AMERICAN ASSOCIATION OF BLOOD BANKS 4550 MONTGOMERY AVE N TOWER 700 BETHESDA MD 20814 MANAGEMENT SERVICES 350000 1 1535409 1535409 SPONSORSHIPS 900099 37188 37188 37188 565131 565131 17031431 15064925 1966506 1966506 1966506 4104234 37188 0 2531637 X 439050 439050 1000 1000 208800 93960 20880 93960 51600 23220 5160 23220 350000 350000 50046 50046 3300 3300 77663 77663 164619 60731 89332 14556 260 260 11391 7500 3891 11546 10353 1193 TAXES AND LICENSES 37683 37683 CATERING 37503 30275 7228 AWARDS EXPENSE 6625 6625 MEMBERSHIPS AND SUBSCRI 311 311 1451397 672714 635828 142855 176132 170669 50 0 14743587 18081951 1340996 20848 311714 566048 16572479 18839516 14428 64385 14428 64385 X 15037271 15993921 1520780 2781210 16558051 18775131 16572479 18839516 2652837 -435757 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 1139957 400 142121 20299 1262179 1092154 67239 12000 7436 1139957 0.00000 0.55459 0.44541 0 0 0 X PART V, LINE 4: ENDOWMENT FUNDS REPRESENT RESOURCES THAT ARE SUBJECT TO DONOR-IMPOSED STIPULATIONS THAT THE ORIGINAL CORPUS BE HELD IN PERPETUITY; HOWEVER, THE EARNINGS OF EACH FUND MAY BE USED AS FOLLOWS: 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: AMERICAN ASSOCIATION OF BLOOD BANKS (AABB) AND AABB FOUNDATION INC (THE FOUNDATION) ARE GENERALLY EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3, WITH THE EXCEPTION OF UNRELATED BUSINESS INCOME. THERE WAS NO NET UNRELATED BUSINESS INCOME IN 2023 AND THEREFORE, NO TAXES WERE PAID FOR THE YEAR THEN ENDED. AABB AND THE FOUNDATION ARE CLASSIFIED AS PUBLIC CHARITIES UNDER IRC SECTION 509(A)(1). MANAGEMENT HAS EVALUATED AABB'S TAX POSITIONS AND HAS CONCLUDED THAT AABB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2023. 1 NYU GROSSMAN SCHOOL OF MEDICINE PO BOX 415026 BOSTON ME 02241 135562309 501(C)(3) 75000 0 SCIENTIFIC RESEARCH GRANT BOSTON MEDICAL CENTER 820 HARRISON AVENUE BOSTON ME 02118 043314093 501(C)(3) 75000 0 SCIENTIFIC RESEARCH GRANT VITALANT RESEARCH INSTITUTE 360 SPEAR STREET SUITE 200 SAN FRANCISCO CA 94105 860098929 501(C)(3) 75000 0 SCIENTIFIC RESEARCH GRANT UNIVERSITY OF PITTSBURGH 3100 CATHEDRAL OF LEARNING PITTSBURGH PA 15260 250965591 501(C)(3) 75000 0 SCIENTIFIC RESEARCH GRANT EMORY UNIVERSITY 1599 CLIFTON ROAD NE 4TH FLOOR ATLANTA GA 30322 580566256 501(C)(3) 75000 0 SCIENTIFIC RESEARCH GRANT BRIGHAM & WOMENS HOSPITAL 221 LONGWOOD AVENUE BL-059B BOSTON ME 02115 043230035 501(C)(3) 64050 0 SCIENTIFIC RESEARCH GRANT 6 0 SCHOLARSHIPS 1 1000 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, A GRANT RECIPIENT 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 FOUNDATION DIRECTOR SENDS AN APPROVAL (OR NON-APPROVAL) LETTER. THE FOUNDATION DOES NOT REQUIRE A FINANCIAL REPORT AT THE END OF THE GRANT PERIOD, HOWEVER SOME GRANT RECIPIENTS 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. 0 1 0 0 0 0 0 0 0 DEBRA BENAVRAM CEO, AABB 0 594192 0 85800 0 990 0 66969 0 40942 0 788893 0 0 PART I, LINE 3 THE CEO'S COMPENSATION IS PAID BY AMERICAN ASSOCIATION OF BLOOD BANKS (AABB), A RELATED ORGANIZATION. AABB USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE CEO: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 4B DEBRA BENAVRAM PARTICIPATED IN A SECTION 457(F) PLAN SPONSORED BY AMERICAN ASSOCIATION OF BLOOD BANKS (AABB), A RELATED ORGANIZATION, IN 2023. DURING THE TAX YEAR, AABB MADE A CONTRIBUTION OF $59,835 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 2A: AABB FOUNDATION (THE FOUNDATION) DID NOT ISSUE ANY W2'S UNDER ITS OWN EIN. INSTEAD, EMPLOYEES REPORTED ON PART V, LINE 2 RECEIVED THEIR W2'S 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 FORM 990 IS PREPARED BY AABB FOUNDATION INC'S (THE FOUNDATION) EXTERNAL CPA FIRM AND REVIEWED BY THE FOUNDATION'S MANAGEMENT. IN ADDITION, THE FORM 990 IS CIRCULATED TO THE AUDIT COMMITTEE AND BOARD OF DIRECTORS OF AMERICAN ASSOCIATION OF BLOOD BANKS, A RELATED ORGANIZATION, FOR COMMENTARY 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 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 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 60,731. MANAGEMENT AND GENERAL EXPENSES 89,332. FUNDRAISING EXPENSES 14,556. TOTAL EXPENSES 164,619. 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 AVENUE SUITE 700 NO 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