2025-11-17T11:42:32-06:00 2022-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2022-01-20 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 2022 2025-03-06 01:10:19Z X DEBRA BENAVRAM 4550 MONTGOMERY AVE N TOWER 700 BETHESDA MD 20814 15737223 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. 4 3 0 3 0 0 0 15636508 0 0 0 100715 0 0 0 15737223 0 19160 0 0 0 0 0 0 0 0 26556 0 45716 0 15691507 0 16572479 0 14428 0 16558051 TO FUND RESEARCH, EDUCATION, AND RELATED INITIATIVES IN THE FIELD OF BLOOD AND BIOTHERAPIES 0 0 19160 19160 0 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. 19160 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 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 670130 108770 DANA DEVINE SECRETARY 1.00 3.00 X X 0 0 0 JAMES D GORHAM PRESIDENT 2.00 0.00 X X 0 0 0 CHRIS HROUDA DIRECTOR 1.00 0.00 X 0 0 0 0 670130 108770 0 0 1 0 0 15626088 10420 15636508 100715 100715 15737223 0 0 100715 19160 19160 3848 3848 22708 22708 45716 19160 26556 0 176132 50 14743587 1340996 0 311714 0 16572479 14428 0 14428 X 15037271 1520780 0 16558051 0 16572479 15691507 866544 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 1092154 67239 12000 7436 1139957 0.00000 0.61406 0.38594 0 0 0 ALTERNATIVE INVESTMENTS 1340996 F 1340996 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 THE AABB FOUNDATION INC (THE FOUNDATION) ARE EXEMPT FROM THE PAYMENT OF INCOME TAXES ON THEIR EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE IRC. AABB AND THE FOUNDATION ARE CLASSIFIED AS PUBLIC CHARITIES UNDER SECTION 509(A)(1) OF THE IRC. HOWEVER, AABB AND THE FOUNDATION ARE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON THEIR UNRELATED BUSINESS INCOME. THERE WAS NO NET UNRELATED BUSINESS INCOME TAX FOR THE YEAR ENDED DECEMBER 31, 2022. 1 AWARDS/HONORARIUMS 6 19160 PART I, LINE 2: AABB FOUNDATION INC 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 566130 0 104000 0 0 0 92883 0 39365 0 802378 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) SPONSORED BY AMERICAN ASSOCIATION OF BLOOD BANKS (AABB), A RELATED ORGANIZATION, IN 2022. DURING THE TAX YEAR, AABB MADE A CONTRIBUTION OF $72,383 TO THE PLAN. THIS AMOUNT IS INCLUDED IN DEFERRED COMPENSATION IN PART VII, COLUMN F AND SCHEDULE J, COLUMN C. 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 AMENDED FORM 990 IS PREPARED BY AABB FOUNDATION INC'S (THE FOUNDATION) EXTERNAL CPA FIRM AND REVIEWED BY THE FOUNDATION'S MANAGEMENT. IN ADDITION, THE AMENDED 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 ETHIC COMMITTEE WILL BE CONSULTED FOR RESOLUTION. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC 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. EXPLANATION OF AMENDED RETURN - FORM 990: AABB FOUNDATION INC AMENDED ITS 2022 FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, TO ADOPT VARIOUS FINANCIAL AND DISCLOSURE INFORMATION FROM ITS COMPLETED AUDITED FINANCIAL STATEMENTS AND TO ALIGN WITH THE FORM 990 INSTRUCTIONS. AT THE TIME THE ORIGINAL FORM 990 WAS FILED, ONLY DRAFT AUDITED FINANCIAL STATEMENTS WERE AVAILABLE. 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 NATIONAL BLOOD FOUNDATION RESEARCH AND EDUCATION TRUST FUND 4550 MONTGOMERY AVE STE 700 NORTH T BETHESDA MD 20814 522059102 RESEARCH AND EDUCATION MD 501(C)(3) LINE 12C, III-FI AMERICAN ASSOCIATION OF BLOOD BANKS 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 NATIONAL BLOOD FOUNDATION RESEARCH AND EDUCATION TRUST FUND C 15626088 FMV