tag:blogger.com,1999:blog-18943510.post8463547876785831520..comments2023-08-21T02:57:37.362-05:00Comments on Dr. Wes: The Unjust Enrichment at ABIMDrWeshttp://www.blogger.com/profile/17438019699222125477noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-18943510.post-51021194405834754022020-10-17T03:41:48.861-05:002020-10-17T03:41:48.861-05:00Tax-exempt executive income - the high stakes ABIM...Tax-exempt executive income - the high stakes ABIM/ABMS MOCĀ® tax advantaged plan <br /><br />I looked over the tax returns for ABIM from 2002 until 2018. Focusing on Pearson NCS/Pearson Vue as the highest paid contractor, the last reported figure for their services was in the fiscal year ending June 30, 2008. ABIM has altered the way they report this expense in subsequent years. They list a lump Is MOC a for-profit enterprisehttp://drwes.blogspot.com/2017/02/ppa-requests-congressional-hearing-irs.htmlnoreply@blogger.comtag:blogger.com,1999:blog-18943510.post-64224726408706079862020-10-16T18:52:50.241-05:002020-10-16T18:52:50.241-05:00From ABIM's 2018 tax filings: "Section C ...From ABIM's 2018 tax filings: "Section C Disclosures"<br /><br />"18. Section 6104 requires an organization to make its Forms 1023 (1024 or 1024-A if applicable), 990, and 990-T (Section 501(c)(3)s only) available<br />for public inspection. Indicate how you made these available. Check all that apply."<br />"X website X upon request."<br /><br />They allege in &More certified hypocrisy from the ABIMhttps://www.abim.org/~/media/ABIM%20Public/Files/pdf/revenue-expenses/abim-990-form.pdfnoreply@blogger.comtag:blogger.com,1999:blog-18943510.post-31455669401773448752020-10-16T18:15:42.204-05:002020-10-16T18:15:42.204-05:00A grandfathered non-profit 503(c)(3) public charit...A grandfathered non-profit 503(c)(3) public charity?<br /><br />The ABIM had another deep secret that they did not want the public or IRS to know. The new revenue streams from MOC might also draw the attention of the IRS, the core executives and board opined. That was part of the reason for the creation and existence of the ABIM Foundation. <br />The Foundation helped ABIM hide the steadily Part 2noreply@blogger.comtag:blogger.com,1999:blog-18943510.post-44734117498097868762020-10-16T18:14:49.841-05:002020-10-16T18:14:49.841-05:00Tax forms tell a story
The birth of the ABIM Foun...Tax forms tell a story<br /><br />The birth of the ABIM Foundation<br /><br />As ABIM's examination fees increased over the years profits increased. The ABIM, as a result, became concerned with their 501(c)(3) non-profit status. So in 1989, they created a convenient vehicle for obscuring their growing wealth and inurement. This financial vehicle was the ABIM Foundation, into which they pouredABIM "Foundation" and the Bifurcation of "Examination Fees"https://projects.propublica.org/nonprofits/display_990/390866228/2006_01_EO%2F39-0866228_990_200506noreply@blogger.comtag:blogger.com,1999:blog-18943510.post-40097842388000423782020-10-16T16:57:57.278-05:002020-10-16T16:57:57.278-05:00The ABIM lied long and loud about the value of MOC...The ABIM lied long and loud about the value of MOC putting huge profits in <br />their pockets. <br /><br />ABIM's obfuscatory tax forms often mistate or omit, but indisputably reflect the unjust enrichment of executives.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18943510.post-28428427354223226802020-10-16T15:35:18.644-05:002020-10-16T15:35:18.644-05:00I spoke with an officer at the IRS about the ABIM....I spoke with an officer at the IRS about the ABIM. After describing the corporation and the magnitude of the executive payouts and perks the officer's response was, "it doesn't sound like a not-for-profit to me." <br /><br /><br />Large$$https://projects.propublica.org/nonprofits/organizations/390866228noreply@blogger.com