Nonprofit · EIN 88-1553314
AABB FOUNDATION INC
Tax-exempt · BETHESDA, MD 20814
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,447,507 | $1,473,644 | -$26,137 | $19,932,151 | $95,785 | $19,836,366 |
| December 31, 2023 | 990 | $4,104,234 | $1,451,397 | $2,652,837 | $18,839,516 | $64,385 | $18,775,131 |
| December 31, 2022 | 990 (amended) | $15,737,223 | $45,716 | $15,691,507 | $16,572,479 | $14,428 | $16,558,051 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $454,618
- Program service revenue
- $32,000
- Investment income
- $960,889
- Net gain from sales of assets
- $490,334
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $620,500
- Compensation of officers, directors and key employees
- $118,782
- Other salaries and wages
- $132,973
- Salaries, compensation and benefits (total)
- $285,000
- Professional fundraising fees
- $0
- Accounting fees
- $6,400
- Occupancy
- $3,106
- Travel
- $15,189
- Program services (functional)
- $826,748
- Management and general (functional)
- $487,026
- Fundraising (functional)
- $159,870
Balance sheet and other
- Total assets, start of year
- $18,839,516
- Total assets, end of year
- $19,932,151
- Total liabilities, end of year
- $95,785
- Net assets, end of year
- $19,836,366
- Publicly traded securities
- $19,491,124
- Net assets without donor restrictions
- $17,468,594
- Net assets with donor restrictions
- $2,367,772
- Gross receipts
- $1,750,012
- Employees
- 2
- Volunteers
- 27
- Year formed
- 2022
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Debra BenAvram | Chief Executive Officer Officer | 2 | $0 | $748,835 | $132,839 |
| Michael Grogan | Chief Operating Officer (To 07/24) Officer | 2 | $0 | $414,815 | $29,618 |
| Julia Zimmerman | ED.,Foundation and Chief Comm./Engmt. Officer Officer | 11.25 | $104,111 | $272,924 | $48,906 |
| Jason Sapia | Foundation Director Highest-paid employee | 37.5 | $149,828 | $0 | $3,919 |
| Kunal Chavan | CFO/CIO Officer | 2 | $0 | $10,928 | $2,846 |
| Richard Schafer | President Trustee or director, Officer | 2 | $0 | $0 | $0 |
| John Hagins | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Delisa English | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jose A Cancelas | President (To 10/24)/Director Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Aaron A R Tobian | Director Trustee or director | 1 | $0 | $0 | $0 |
| Meghan Delaney | Director Trustee or director | 1 | $0 | $0 | $0 |
| Brian Gannon | Director (To 10/24) Trustee or director | 1 | $0 | $0 | $0 |
| Nancy Dunbar | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sally A Campbell-Lee | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DEBRA BENAVRAM | CEO, AABB Trustee or director, Officer | 2 | $0 | $680,982 | $107,911 |
| JOSE A CANCELAS | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JAMES D GORHAM | PRESIDENT (UNTIL 10/23) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DELISA ENGLISH | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD SCHAFER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DANA DEVINE | SECRETARY (UNTIL 10/23) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SALLY A CAMPBELL-LEE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MEGHAN DELANEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NANCY DUNBAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN GANNON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS HROUDA | DIRECTOR (UNTIL 10/23) Trustee or director | 1 | $0 | $0 | $0 |
| AARON A R TOBIAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DEBRA BENAVRAM | CEO, AABB Trustee or director, Officer | 2 | $0 | $670,130 | $108,770 |
| DANA DEVINE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES D GORHAM | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CHRIS HROUDA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4550 MONTGOMERY AVE N TOWER 700, BETHESDA, MD 20814-3304
- Principal officer (990 for 2024)
- Debra BenAvram, 4550 Montgomery Ave N Tower 700, Bethesda, MD 20814
- Signed the 990
- Kunal Chavan, CFO/CIO
- Phone
- (301) 907-6977
- Return prepared by
- Rogers & Company PLLC
Mission
To fund research, education, and related initiatives in the field of blood and biotherapies.
Program accomplishments
- 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.Expenses $826,748 · grants $620,500 · revenue $32,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-1553314
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S12)
- Assets (IRS master file)
- $19,932,151
- Income (IRS master file)
- $1,750,012
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $16,266,402 | $0 | $17,211,452 | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about AABB FOUNDATION INC
- What is the EIN of AABB FOUNDATION INC?
- The employer identification number (EIN) of AABB FOUNDATION INC is 88-1553314.
- Is AABB FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to AABB FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does AABB FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AABB FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AABB FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AABB FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Debra BenAvram.
- Who are the officers and directors of AABB FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization.
- How much revenue does AABB FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,447,507, expenses of $1,473,644 and total assets of $19,932,151 at year end.
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All nonprofits in BETHESDA · Maryland · Community improvement and capacity building