STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

AABB FOUNDATION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
AABB FOUNDATION INC (EIN 88-1553314)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-14
IRS object ID
202533189349309558
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-14T13:26:34-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN582676261PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Rogers & Company PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18300 Boone Boulevard Suite 600AddressLine1Txt
CityViennaCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22182ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN881553314EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AABB Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAABBBusinessNameControlTxt
Phone3019076977PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14550 Montgomery Ave N Tower 700AddressLine1Txt
CityBethesdaCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20814ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKunal ChavanPersonNm
Person TitleCFO/CIOPersonTitleTxt
Phone3019076977PhoneNum
Signature2025-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonYong Zhang CPAPreparerPersonNm
PTINP01249785PTIN
Phone7038930300PhoneNum
Preparation2025-11-10PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDebra BenAvramPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14550 Montgomery Ave N Tower 700AddressLine1Txt
CityBethesdaCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20814ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,750,012GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.aabb.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2022FormationYr
Legal Domicile StateMDLegalDomicileStateCd
Activity Or MissionAABB 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.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers27TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,535,409PYContributionsGrantsAmt
CY Contributions Grants$454,618CYContributionsGrantsAmt
PY Program Service Revenue$37,188PYProgramServiceRevenueAmt
CY Program Service Revenue$32,000CYProgramServiceRevenueAmt
PY Investment Income$2,531,637PYInvestmentIncomeAmt
CY Investment Income$960,889CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$4,104,234PYTotalRevenueAmt
CY Total Revenue$1,447,507CYTotalRevenueAmt
PY Grants And Similar Paid$440,050PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$620,500CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$260,400PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$285,000CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$159,870CYTotalFundraisingExpenseAmt
PY Other Expenses$750,947PYOtherExpensesAmt
CY Other Expenses$568,144CYOtherExpensesAmt
PY Total Expenses$1,451,397PYTotalExpensesAmt
CY Total Expenses$1,473,644CYTotalExpensesAmt
PY Revenues Less Expenses$2,652,837PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$26,137CYRevenuesLessExpensesAmt
Total Assets BOY$18,839,516TotalAssetsBOYAmt
Total Assets EOY$19,932,151TotalAssetsEOYAmt
Total Liabilities BOY$64,385TotalLiabilitiesBOYAmt
Total Liabilities EOY$95,785TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$18,775,131NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$19,836,366NetAssetsOrFundBalancesEOYAmt
MissionTo fund research, education, and related initiatives in the field of blood and biotherapies.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$826,748ExpenseAmt
Grant$620,500GrantAmt
Revenue$32,000RevenueAmt
DescThe 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.Desc
Total Program Service Expenses$826,748TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee2EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Kunal Chavan CFOCIOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3019076977PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14550 Montgomery Ave N Tower 700AddressLine1Txt
CityBethesdaCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20814ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
Richard Schafer
President2.004.00Yes (X)Yes (X)$0$0$0
John Hagins
Treasurer1.004.00Yes (X)Yes (X)$0$0$0
Delisa English
Secretary1.004.00Yes (X)Yes (X)$0$0$0
Jose A Cancelas
President (To 10/24)/Director1.004.00Yes (X)Yes (X)$0$0$0
Aaron A R Tobian
Director1.004.00Yes (X)$0$0$0
Meghan Delaney
Director1.004.00Yes (X)$0$0$0
Brian Gannon
Director (To 10/24)1.004.00Yes (X)$0$0$0
Nancy Dunbar
Director1.002.00Yes (X)$0$0$0
Sally A Campbell-Lee
Director1.002.00Yes (X)$0$0$0
Debra BenAvram
Chief Executive Officer2.0035.50Yes (X)$0$748,835$132,839
Julia Zimmerman
ED.,Foundation and Chief Comm./Engmt. Officer11.2526.25Yes (X)$104,111$272,924$48,906
Michael Grogan
Chief Operating Officer (To 07/24)2.0035.50Yes (X)$0$414,815$29,618
Kunal Chavan
CFO/CIO2.0035.50Yes (X)$0$10,928$2,846
Jason Sapia
Foundation Director37.50$149,828$0$3,919Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$253,939TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$1,447,502TotReportableCompRltdOrgAmt
Total Other Compensation$218,128TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1American Association of Blood BanksBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line14550 Montgomery Ave N Tower STE 7AddressLine1Txt
CityBethesdaCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20814ZIPCd
FieldValueIRS element (for citing)
ServicesManagement ServicesServicesDesc
Compensation$367,500CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$454,618AllOtherContributionsAmt
Total Contributions$454,618TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSponsorshipsDesc
Business900099BusinessCd
Total Revenue Column$32,000TotalRevenueColumnAmt
Related Or Exempt Func Income$32,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$32,000TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$470,555TotalRevenueColumnAmt
Exclusion$470,555ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$792,839SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$302,505SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$490,334SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$490,334TotalRevenueColumnAmt
Exclusion$490,334ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,447,507TotalRevenueColumnAmt
Related Or Exempt Func Income$32,000RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$960,889ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$600,000TotalAmt
Program Services$600,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$20,500TotalAmt
Program Services$20,500ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$118,782TotalAmt
Program Services$53,452ProgramServicesAmt
Management And General$11,878ManagementAndGeneralAmt
Fundraising$53,452FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$132,973TotalAmt
Program Services$59,838ProgramServicesAmt
Management And General$13,297ManagementAndGeneralAmt
Fundraising$59,838FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$19,947TotalAmt
Program Services$8,976ProgramServicesAmt
Management And General$1,995ManagementAndGeneralAmt
Fundraising$8,976FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$13,298TotalAmt
Program Services$5,984ProgramServicesAmt
Management And General$1,330ManagementAndGeneralAmt
Fundraising$5,984FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$367,500TotalAmt
Management And General$367,500ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$6,400TotalAmt
Management And General$6,400ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$57,389TotalAmt
Management And General$57,389ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$48,473TotalAmt
Program Services$14,913ProgramServicesAmt
Management And General$14,458ManagementAndGeneralAmt
Fundraising$19,102FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$480TotalAmt
Fundraising$480FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$4,774TotalAmt
Management And General$4,774ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$10,825TotalAmt
Program Services$6,610ProgramServicesAmt
Fundraising$4,215FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,106TotalAmt
Program Services$2,174ProgramServicesAmt
Fundraising$932FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$15,189TotalAmt
Program Services$14,568ProgramServicesAmt
Management And General$621ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Catering$34,056$27,165$0$6,891
Awards expense$12,568$12,568
Taxes and Licenses$7,276$7,276
Membership and subscrip$108$108

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,473,644TotalAmt
Program Services$826,748ProgramServicesAmt
Management And General$487,026ManagementAndGeneralAmt
Fundraising$159,870FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$170,669BOYAmt
EOY$256,284EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$18,081,951BOYAmt
EOY$19,491,124EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$20,848BOYAmt
EOY$2,547EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$566,048BOYAmt
EOY$182,196EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$18,839,516BOYAmt
EOY$19,932,151EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$64,385BOYAmt
EOY$70,785EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$25,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$64,385BOYAmt
EOY$95,785EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$15,993,921BOYAmt
EOY$17,468,594EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,781,210BOYAmt
EOY$2,367,772EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$18,775,131BOYAmt
EOY$19,836,366EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$18,839,516BOYAmt
EOY$19,932,151EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$26,137ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,087,372NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
IRS Written DeterminationYes (X)IRSWrittenDeterminationInd
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1American Association of Blood BanksBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN362384118EIN
Organization Type7OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$0SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,262,179BeginningYearBalanceAmt
Investment Earnings Or Losses$141,845InvestmentEarningsOrLossesAmt
Other Expenditures$42,893OtherExpendituresAmt
End Year Balance$1,361,131EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,139,957BeginningYearBalanceAmt
Contributions$400ContributionsAmt
Investment Earnings Or Losses$142,121InvestmentEarningsOrLossesAmt
Other Expenditures$20,299OtherExpendituresAmt
End Year Balance$1,262,179EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Contributions$1,092,154ContributionsAmt
Investment Earnings Or Losses$67,239InvestmentEarningsOrLossesAmt
Grants Or Scholarships$12,000GrantsOrScholarshipsAmt
Other Expenditures$7,436OtherExpendituresAmt
End Year Balance$1,139,957EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.51000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.49000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
American Red Cross
431 18th Street NWWashingtonDC20006530196605501c3$100,000$0Scientific Research Grant
Brigham & Womens Hospital
75 Francis StreetBostonMA02115042312909501c3$100,000$0Scientific Research Grant
Duke University
2200 West Main StreetDurhamNC27705560532129501c3$100,000$0Scientific Research Grant
The University of Utah
201 S Presidents Circle Park BldgSalt Lake CityUT84112876000525501c3$100,000$0Scientific Research GrantRm 405
Columbia University
615 West 131st St 3rd FloorNew YorkNY10027135598093501c3$100,000$0Scientific Research Grant
University of Wisconsin-Madison
21 N Park Street Suite 630MadisonWI53715396006492501c3$100,000$0Scientific Research Grant
FieldValueIRS element (for citing)
Total501c3 Org6Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeAwardsGrantTypeTxt
Recipient6RecipientCnt
Cash Grant$20,500CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationEvery 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Debra BenAvram
Chief Executive Officer$0$623,971$0$90,090$0$34,774$0$91,089$0$41,750$0$881,674$0$0
Michael Grogan
Chief Operating Officer (To 07/24)$0$229,628$0$30,000$0$155,187$0$7,569$0$22,049$0$444,433$0$0
Julia Zimmerman
ED.,Foundation and Chief Comm./Engmt$103,913$242,462$0$30,000$198$462$3,105$7,245$11,567$26,989$118,783$307,158$0$0
Jason Sapia
Foundation Director$149,389$0$0$0$439$0$1,059$0$2,860$0$153,747$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 4aMichael 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 4bDebra 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.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part V, Line 2The 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 1aThe 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 6American Association of Blood Banks is the sole member of AABB Foundation Inc.
Form 990, Part VI, Section A, line 7aAs 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 7bAs 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 11bThe 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 12cAABB 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 19The 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.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1American Association of Blood BanksBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14550 Montgomery Ave Ste 700 North TAddressLine1Txt
CityBethesdaCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20814ZIPCd
FieldValueIRS element (for citing)
EIN362384118EIN
Primary ActivitiesResearch and EducationPrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd
Exempt Code Section501(c)(3)ExemptCodeSectionTxt
Public Charity StatusLine 7PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
American Association of Blood Banks
O$285,000FMV
American Association of Blood Banks
P$761,113FMV
American Association of Blood Banks
M$367,500FMV