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← FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES INC

Form 990 for tax year 2023

Filed by FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES INC.

What the amendment changed

Compared with the return it replaced , filed 3 April 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Program services expenses
$39,769,404 changed to $40,491,159
Fundraising expenses
$749,343 changed to $27,588
Program service expenses (Part III)
$39,769,404 changed to $40,491,159

Totals

Total revenue
$45,892,592
Total expenses
$41,598,443
Contributions and grants received
$707,000
Grants paid
$172,911
Program service revenue
$43,106,082
Investment income
$1,649,400
Other revenue
$430,110
Total assets, end of year
$66,888,889
Total liabilities, end of year
$6,733,559
Net assets or fund balances, end of year
$60,155,330
Program services expenses (Part IX)
$40,491,159
Management and general expenses
$1,079,696
Fundraising expenses
$27,588
Program service expenses (Part III)
$40,491,159

Program services were 97.3% 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

    $707,000

  • 2a · Program service revenue: INSURANCE SUBSCRIPTIONS

    total $40,297,483 · related or exempt $40,297,483

  • 2b · Program service revenue: NIH PROFESSIONAL LIABILITY

    total $830,036 · related or exempt $830,036

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

    total $783,399 · related or exempt $783,399

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

    total $710,263 · related or exempt $710,263

  • 2e · Program service revenue: CONFERENCE REVENUE

    total $484,901 · related or exempt $484,901

  • 3 · Investment income

    total $1,555,069 · excluded $1,555,069

  • 7a · Gross sales of assets other than inventory

    securities $1,737,695 · other assets $1,505,593

  • 7b · Less cost or other basis and sales expenses

    securities $1,323,923 · other assets $1,825,034

  • 7c · Gain or loss

    securities $413,772 · other assets -$319,441

  • 7d · Net gain or loss

    total $94,331 · excluded $94,331

  • 10a · Gross sales of inventory

    $870,934

  • 10b · Cost of goods sold

    $496,726

  • 10c · Net income from sales of inventory

    total $374,208 · related or exempt $374,208

  • 11a · Other revenue: MANAGEMENT FEE

    total $55,214 · related or exempt $55,214

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $688 · related or exempt $688

  • 11e · Other revenue, total

    $55,902

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $166,186 · program services $166,186

  • 2 · Grants to domestic individuals

    total $6,725 · program services $6,725

  • 5 · Compensation of officers, directors and key employees

    total $1,257,470 · program services $551,786 · management and general $697,296 · fundraising $8,388

  • 7 · Other salaries and wages

    total $1,905,032 · program services $1,364,806 · management and general $535,300 · fundraising $4,926

  • 8 · Pension plan contributions

    total $131,900 · program services $89,115 · management and general $42,450 · fundraising $335

  • 9 · Other employee benefits

    total $367,492 · program services $233,650 · management and general $133,842

  • 10 · Payroll taxes

    total $208,024 · program services $135,410 · management and general $72,114 · fundraising $500

  • 11b · Fees: legal

    total $194,658 · program services $66,036 · management and general $128,622

  • 11c · Fees: accounting

    total $47,549 · management and general $47,549

  • 11f · Fees: investment management

    total $66,062 · management and general $66,062

  • 11g · Fees: other

    total $322,867 · program services $202,848 · management and general $117,689 · fundraising $2,330

  • 12 · Advertising and promotion

    total $21,562 · program services $6,553 · management and general $14,908 · fundraising $101

  • 13 · Office expenses

    total $253,055 · program services $87,423 · management and general $165,622 · fundraising $10

  • 14 · Information technology

    total $372,496 · program services $181,007 · management and general $190,594 · fundraising $895

  • 16 · Occupancy

    total $494,077 · program services $486,171 · management and general $7,906

  • 17 · Travel

    total $8,990 · program services $8,455 · management and general $532 · fundraising $3

  • 19 · Conferences, conventions and meetings

    total $449,006 · program services $427,237 · management and general $16,828 · fundraising $4,941

  • 22 · Depreciation, depletion and amortization

    total $203,756 · program services $198,726 · management and general $5,030

  • 23 · Insurance

    total $134,716 · program services $23,392 · management and general $111,324

  • 24a · Other expenses: INSURANCE PROGRAM COSTS

    total $34,257,171 · program services $34,257,171

  • 24b · Other expenses: PROFESSIONAL LIABILITY

    total $721,755 · program services $721,755

  • 24c · Other expenses: OVERHEAD ALLOCATION

    total $0 · program services $1,274,169 · management and general -$1,275,011 · fundraising $842

  • 24e · All other expenses

    total $7,894 · program services $2,538 · management and general $1,039 · fundraising $4,317

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,936,879 · end of year $13,055,250

  • 2 · Savings and temporary cash investments

    beginning of year $7,773,941 · end of year $8,908,171

  • 4 · Accounts receivable

    beginning of year $4,220,808 · end of year $4,685,925

  • 8 · Inventories for sale or use

    beginning of year $160,276 · end of year $131,202

  • 9 · Prepaid expenses and deferred charges

    beginning of year $139,450 · end of year $195,938

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

    $9,612,800

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

    $1,040,011

  • 10c · Land, buildings and equipment, net

    beginning of year $7,440,381 · end of year $8,572,789

  • 11 · Investments: publicly traded securities

    beginning of year $26,982,041 · end of year $30,654,630

  • 15 · Other assets

    beginning of year $736,124 · end of year $684,984

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,290,727 · end of year $6,412,511

  • 19 · Deferred revenue

    beginning of year $163,678 · end of year $122,692

  • 21 · Escrow or custodial account liability

    beginning of year $51,123 · end of year $51,122

  • 25 · Other liabilities

    beginning of year $322,319 · end of year $147,234

  • 27 · Net assets without donor restrictions

    beginning of year $49,254,286 · end of year $56,180,312

  • 28 · Net assets with donor restrictions

    beginning of year $3,307,767 · end of year $3,975,018

Mission and programs · 2023

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 AND PROFESSIONAL LIABILITY 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. FAES PROVIDES PROFESSIONAL LIABILITY INSURANCE COVERAGE TO NIH FELLOWS.

    Expenses $36,922,888 · Revenue $40,297,483

  • 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 1,408 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. FAES HOSTED 44 TRAINING WORKSHOPS WITH A TOTAL OF 492 ATTENDEES DURING THE YEAR.

    Expenses $1,778,120 · Grants $6,725 · Revenue $1,226,826

  • 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 PROVIDED LOW COST HOUSING TO 99 NIH FELLOWS DURING THE YEAR AND ASSISTED THE NIH IN SECURING PROFESSIONAL LIABILITY INSURANCE COVERAGE FOR APPROXIMATELY 4,900 NIH FELLOWS.

    Expenses $1,091,516 · Grants $166,186 · Revenue $1,637,101

  • 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, EXPANDS THE SELECTION OF QUALITY NIH IMPRINTED CLOTHING AND GIFTS FOR NIH EMPLOYEES, PATIENTS, AND VISITORS.

    Expenses $698,635 · Revenue $374,782

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Barbara Alving

    PRESIDENT & BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Alan Goldhammer

    FIRST VICE PRESIDENT/VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Carol J Thiele

    SECOND VICE PRESIDENT/VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Johnson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Joshua Farber

    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

  • John 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

  • Gerald McLaughlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yosuke Mukouyama

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philip Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Norcross

    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

  • Alan Schechter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Margaret Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christina Farias

    CEO/EXECUTIVE DIRECTOR

    Total calculated
    $409,287
    From this org
    $357,385
    From related orgs
    $0
    Other
    $51,902
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $347,115
    Bonus
    $10,000
    Other
    $270
    Deferred
    $33,000
    Nontaxable benefits
    $18,902
    Filer's total
    $409,287

  • Nicole Luna

    CFO

    Total calculated
    $242,793
    From this org
    $199,201
    From related orgs
    $0
    Other
    $43,592
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,026
    Bonus
    $8,000
    Other
    $175
    Deferred
    $20,340
    Nontaxable benefits
    $23,252
    Filer's total
    $242,793

  • James Kuhlman

    DIRECTOR OF BUSINESS SERVICES

    Total calculated
    $210,115
    From this org
    $174,223
    From related orgs
    $0
    Other
    $35,892
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,756
    Bonus
    $9,000
    Other
    $1,467
    Deferred
    $17,276
    Nontaxable benefits
    $18,616
    Filer's total
    $210,115

  • Melinda Maris

    DEAN

    Total calculated
    $188,125
    From this org
    $162,449
    From related orgs
    $0
    Other
    $25,676
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,261
    Bonus
    $8,000
    Other
    $188
    Deferred
    $16,266
    Nontaxable benefits
    $9,410
    Filer's total
    $188,125

  • Michel Ochoa

    DIRECTOR OF INSURANCE

    Total calculated
    $181,367
    From this org
    $154,893
    From related orgs
    $0
    Other
    $26,474
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,776
    Bonus
    $9,000
    Other
    $117
    Deferred
    $15,627
    Nontaxable benefits
    $10,847
    Filer's total
    $181,367

  • Jonathan Logan

    ASSISTANT CONTROLLER

    Total calculated
    $167,421
    From this org
    $135,444
    From related orgs
    $0
    Other
    $31,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,797
    Bonus
    $4,500
    Other
    $147
    Deferred
    $13,530
    Nontaxable benefits
    $18,447
    Filer's total
    $167,421

  • Lisa Rogers

    DIRECTOR OF ADMINISTRATION

    Total calculated
    $157,006
    From this org
    $125,836
    From related orgs
    $0
    Other
    $31,170
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,650
    Bonus
    $8,000
    Other
    $186
    Deferred
    $12,565
    Nontaxable benefits
    $18,605
    Filer's total
    $157,006

  • Hazuki Miwa

    ASSITANT DIRECT OF ACADEMIC PROGRAMS

    Total calculated
    $125,803
    From this org
    $110,507
    From related orgs
    $0
    Other
    $15,296
    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
2023
Filed
19 February 2026
IRS schema version
2023v6.0
Source object
202610549349301111

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