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Nonprofiteer
← FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES INC

Form 990 for tax year 2024

Filed by FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES INC.

Totals

Total revenue
$49,391,933
Total expenses
$43,346,636
Contributions and grants received
$606,000
Grants paid
$133,511
Program service revenue
$46,757,871
Investment income
$1,533,899
Other revenue
$494,163
Total assets, end of year
$74,191,705
Total liabilities, end of year
$5,964,580
Net assets or fund balances, end of year
$68,227,125
Program services expenses (Part IX)
$42,443,813
Management and general expenses
$898,085
Fundraising expenses
$4,738
Program service expenses (Part III)
$42,443,813

Program services were 97.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $606,000

  • 2a · Program service revenue: INSURANCE SUBSCRIPTIONS

    total $44,731,666 · related or exempt $44,731,666

  • 2b · Program service revenue: NIH PROFESSIONAL LIABILITY

    total $731,143 · related or exempt $731,143

  • 2c · Program service revenue: NIH TRAINEE OCCUPANCY FEES

    total $539,893 · related or exempt $539,893

  • 2d · Program service revenue: TUITION & SCHOOL FEES

    total $460,544 · related or exempt $460,544

  • 2e · Program service revenue: CONFERENCE REVENUE

    total $294,625 · related or exempt $294,625

  • 3 · Investment income

    total $1,533,899 · excluded $1,533,899

  • 10a · Gross sales of inventory

    $892,559

  • 10b · Cost of goods sold

    $485,032

  • 10c · Net income from sales of inventory

    total $407,527 · related or exempt $407,527

  • 11a · Other revenue: MANAGEMENT FEE

    total $80,901 · excluded $80,901

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $5,735 · excluded $5,735

  • 11e · Other revenue, total

    $86,636

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $121,711 · program services $121,711

  • 2 · Grants to domestic individuals

    total $11,625 · program services $11,625

  • 3 · Grants to foreign organizations and individuals

    total $175 · program services $175

  • 5 · Compensation of officers, directors and key employees

    total $1,079,827 · program services $771,499 · management and general $308,328

  • 7 · Other salaries and wages

    total $1,547,916 · program services $1,468,662 · management and general $77,347 · fundraising $1,907

  • 8 · Pension plan contributions

    total $144,818 · program services $138,284 · management and general $6,351 · fundraising $183

  • 9 · Other employee benefits

    total $330,066 · program services $291,322 · management and general $38,436 · fundraising $308

  • 10 · Payroll taxes

    total $180,066 · program services $154,943 · management and general $24,984 · fundraising $139

  • 11b · Fees: legal

    total $57,502 · program services $55,280 · management and general $2,222

  • 11c · Fees: accounting

    total $51,204 · management and general $51,204

  • 11f · Fees: investment management

    total $69,768 · management and general $69,768

  • 11g · Fees: other

    total $511,580 · program services $312,592 · management and general $198,988

  • 12 · Advertising and promotion

    total $9,674 · program services $9,626 · management and general $48

  • 13 · Office expenses

    total $225,793 · program services $216,822 · management and general $8,955 · fundraising $16

  • 14 · Information technology

    total $615,946 · program services $542,008 · management and general $73,908 · fundraising $30

  • 16 · Occupancy

    total $358,623 · program services $358,003 · management and general $620

  • 17 · Travel

    total $2,492 · program services $2,492

  • 19 · Conferences, conventions and meetings

    total $416,287 · program services $386,098 · management and general $30,189

  • 22 · Depreciation, depletion and amortization

    total $224,733 · program services $224,483 · management and general $250

  • 23 · Insurance

    total $150,271 · program services $143,850 · management and general $6,408 · fundraising $13

  • 24a · Other expenses: INSURANCE PROGRAM COSTS

    total $36,594,602 · program services $36,594,602

  • 24b · Other expenses: PROFESSIONAL LIABILITY

    total $635,790 · program services $635,790

  • 24e · All other expenses

    total $6,167 · program services $3,946 · management and general $79 · fundraising $2,142

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,055,250 · end of year $11,821,039

  • 2 · Savings and temporary cash investments

    beginning of year $8,908,171 · end of year $19,725,060

  • 4 · Accounts receivable

    beginning of year $4,685,925 · end of year $4,678,832

  • 8 · Inventories for sale or use

    beginning of year $131,202 · end of year $179,763

  • 9 · Prepaid expenses and deferred charges

    beginning of year $195,938 · end of year $147,841

  • 10a · Land, buildings and equipment: cost or other basis

    $16,553,062

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,296,300

  • 10c · Land, buildings and equipment, net

    beginning of year $8,572,789 · end of year $15,256,762

  • 11 · Investments: publicly traded securities

    beginning of year $30,654,630 · end of year $22,050,839

  • 15 · Other assets

    beginning of year $684,984 · end of year $331,569

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,412,511 · end of year $5,640,310

  • 18 · Grants payable

    end of year $100,000

  • 19 · Deferred revenue

    beginning of year $122,692 · end of year $77,127

  • 21 · Escrow or custodial account liability

    beginning of year $51,122 · end of year $51,122

  • 25 · Other liabilities

    beginning of year $147,234 · end of year $96,021

  • 27 · Net assets without donor restrictions

    beginning of year $56,180,312 · end of year $63,691,738

  • 28 · Net assets with donor restrictions

    beginning of year $3,975,018 · end of year $4,535,387

Mission and programs · 2024

Mission

FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES, INC (FAES), LOCATED AT THE NATIONAL INSTITUTES OF HEALTH (HEREAFTER "NIH"), CONDUCTS ADVANCED EDUCATIONAL PROGRAMS AND SUPPORTING ACTIVITIES TO PROMOTE THE PRODUCTIVITY AND ATTRACTIVENESS OF PROFESSIONAL LIFE ON THE NIH CAMPUSES. FAES PROGRAMS COMPLEMENT THE WORK OF NIH IN ACCOMPLISHING ITS MISSION OF RESEARCH AND TRAINING IN THE BIOMEDICAL SCIENCES.

Activities or mission (Part I)

PROMOTE THE PRODUCTIVITY & ATTRACTIVENESS OF PROFESSIONAL LIFE AT THE NIH.

  • HEALTH INSURANCE:ADMINISTRATIVE SERVICES/PLAN SPONSORSHIP FOR A GROUP HEALTH INSURANCE PLAN WHICH IS AVAILABLE TO NIH TRAINEES WHO WORK AT OR FOR NIH, BUT ARE INELIGIBLE FOR FEDERAL HEALTH INSURANCE. NIH TRAINEES, ALSO REFERRED TO AS FELLOWS, ARE THE PRIMARY MARKET THAT FAES SERVES. THIS PROGRAM PROVIDED HEALTH, VISION, AND DENTAL INSURANCE FOR OVER 6,000 INDIVIDUALS DURING THE YEAR, INCLUDING EXCELLENT BENEFITS, AFFORDABLE ANNUAL MAXIMUMS, AND LOW OUT-OF POCKET EXPENSES.

    Expenses $38,545,200 · Grants $8,521 · Revenue $44,165,102

  • PROGRAM SUPPORT TO NIH:FAES PROVIDES FUNDING, FOOD, AND ADMINISTRATIVE SUPPORT FOR A VARIETY OF PROGRAMS, ACTIVITIES, AND EVENTS IN SUPPORT OF NIH SUCH AS COMMUNITY BUILDING AND SYMPOSIA, CLASSICAL AND JAZZ MUSIC PERFORMANCES, WEDNESDAY AFTERNOON LECTURES (WALS), ADMINISTRATION OF MEMORIALS, AND MORE. FAES ALSO PROVIDES LOW COST HOUSING TO NIH FELLOWS DURING THE YEAR.

    Expenses $2,063,101 · Grants $112,671 · Revenue $1,286,438

  • ACADEMIC PROGRAMS:FAES SUPPORTS EDUCATIONAL, CULTURAL, AND PROFESSIONAL INITIATIVES OF THE NIH AND ACTIVELY SEEKS OUT WAYS TO FACILITATE A COLLEGIAL ENVIRONMENT. FAES OFFERS OVER 80 GRADUATE-LEVEL COURSES TO FILL THE GAP BETWEEN TRADITIONAL ACADEMIC PROGRAMS AND WORKING IN A WORLD-CLASS BIOMEDICAL RESEARCH ENVIRONMENT AT NIH. FAES HAD 1,471 COURSE ENROLLMENTS DURING THE YEAR. FAES ALSO HAS PARTNERSHIPS FROM WHICH CREDITS CAN BE TRANSFERRED INTO SEVERAL UNIVERSITY OF MARYLAND MASTER'S DEGREE PROGRAMS. FAES OFFERS OVER 30 TRAINING WORKSHOPS TAUGHT BY NIH SCIENTISTS AND OTHER LEADING BIOMEDICAL FIELD EXPERTS. TRAINING WORKSHOPS INCLUDE 1-5 DAY SESSIONS.

    Expenses $1,372,813 · Grants $12,107 · Revenue $821,300

  • RETAIL:THE FAES BOOKSTORE@NIH HAS BEEN PROVIDING MEDICAL AND SCIENCE TEXTBOOK SERVICES TO NIH FOR OVER 60 YEARS. STEPS AWAY FROM MASUR AUDITORIUM AND THE FAES CLASSROOMS, THE BOOKSTORE@NIH IS IDEALLY LOCATED TO SUPPORT THE SPECIALIZED BOOK NEEDS OF FAES ACADEMIC PROGRAMS AND THE NIH SCIENTIFIC COMMUNITY. FAES GIFTSTORE@NIH, LOCATED IN THE BUILDING 10 ATRIUM, AND THE B1GIFTSTORE@NIH, LOCATED ON THE B1 LEVEL OF BUILDING 10, EXPAND THE SELECTION OF QUALITY NIH IMPRINTED CLOTHING AND GIFTS FOR NIH EMPLOYEES, PATIENTS, AND VISITORS.

    Expenses $462,699 · Grants $212 · Revenue $892,558

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alan Goldhammer

    PRESIDENT & BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kathryn Norcross

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Johnson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Joshua Farberq

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Samuel Buckner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Catalano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mitchell Ho

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Hohman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marita Hopmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ted Ibex

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis Klinman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Henry Levin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gerry McLaughlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yosuke Mukoyama

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philip Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Allison Nugent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christina Farias

    CEO/EXECUTIVE DIRECTOR

    Total calculated
    $418,226
    From this org
    $361,466
    From related orgs
    $0
    Other
    $56,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $361,196
    Bonus
    $0
    Other
    $270
    Deferred
    $36,120
    Nontaxable benefits
    $20,640
    Filer's total
    $418,226

  • Nicole Luna

    CHIEF FINANCIAL OFFICER

    Total calculated
    $213,776
    From this org
    $175,801
    From related orgs
    $0
    Other
    $37,975
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,653
    Bonus
    $6,000
    Other
    $148
    Deferred
    $17,949
    Nontaxable benefits
    $20,026
    Filer's total
    $213,776

  • James Kuhlman

    DIRECTOR OF BUSINESS SERVICES

    Total calculated
    $215,547
    From this org
    $174,819
    From related orgs
    $0
    Other
    $40,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,470
    Bonus
    $6,000
    Other
    $1,349
    Deferred
    $17,622
    Nontaxable benefits
    $23,106
    Filer's total
    $215,547

  • Melinda Maris

    DEAN OF ACADEMIC PROGRAMS

    Total calculated
    $193,545
    From this org
    $166,649
    From related orgs
    $0
    Other
    $26,896
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,449
    Bonus
    $6,000
    Other
    $200
    Deferred
    $16,635
    Nontaxable benefits
    $10,261
    Filer's total
    $193,545

  • Michel Ochoa

    DIRECTOR OF INSURANCE

    Total calculated
    $185,343
    From this org
    $157,213
    From related orgs
    $0
    Other
    $28,130
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,089
    Bonus
    $6,000
    Other
    $124
    Deferred
    $15,909
    Nontaxable benefits
    $12,221
    Filer's total
    $185,343

  • Jonathan Logan

    CONTROLLER

    Total calculated
    $179,687
    From this org
    $144,946
    From related orgs
    $0
    Other
    $34,741
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,203
    Bonus
    $6,500
    Other
    $243
    Deferred
    $14,470
    Nontaxable benefits
    $20,271
    Filer's total
    $179,687

  • Lisa Rogers

    DIRECTOR OF ADMINISTRATION

    Total calculated
    $151,311
    From this org
    $129,666
    From related orgs
    $0
    Other
    $21,645
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,294
    Bonus
    $7,000
    Other
    $372
    Deferred
    $12,929
    Nontaxable benefits
    $8,716
    Filer's total
    $151,311

  • Hazuki Miwa

    ASSISTANT DIRECT OF ACADEMIC PROGRAMS

    Total calculated
    $128,624
    From this org
    $113,947
    From related orgs
    $0
    Other
    $14,677
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
VARIOUS EMPLOYEES RECEIVED BONUS PAYMENTS THAT WERE NOT FIXED AND WERE BASED ON THEIR OVERALL PERFORMANCE, NOT SPECIFIC/CONTINGENT TO REVENUE OR NET EARNINGS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
7 April 2026
IRS schema version
2024v5.5
Source object
202601049349301410

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