2025-04-08T15:02:33-05:00 2024-05-31 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2023-06-01 520743814 FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES INC FOUN 3015948985 10 CENTER DRIVE RM 1N241-MSC 1115 BETHESDA MD 208921115 CHRISTINA FARIAS CEO/EXECUTIVE DIRECTOR 3015948985 2025-04-03 1 0 ROBERT WILLIAMS P01345960 5712279500 2025-04-01 2023 2025-03-06 01:10:19Z FAES CHRISTINA FARIAS 10 CENTER DRIVE RM 1N241-MSC 1115 BETHESDA MD 208921115 49538275 0 X WWW.FAES.ORG X 1959 MD PROMOTE THE PRODUCTIVITY & ATTRACTIVENESS OF PROFESSIONAL LIFE AT THE NIH. 21 21 38 100 0 0 4714145 707000 38118410 43106082 530806 1649400 -913370 430110 42449991 45892592 321304 172911 0 0 2967981 3869918 0 0 749343 35161401 37555614 38450686 41598443 3999305 4294149 58389900 66888889 5827847 6733559 52562053 60155330 X 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. 1 0 36201133 0 40297483 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. 1778120 6725 1226826 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. 1091516 166186 1637101 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. 698635 374782 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. 698635 374782 39769404 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 109 0 38 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD FL MA DC NY VA NH NJ X CHRISTINA FARIAS 3015948985 10 CENTER DR RM 1N241-MSC1115 BETHESDA MD 20892 BARBARA ALVING PRESIDENT & BOARD CHAIR 2.00 X X 0 0 0 ALAN GOLDHAMMER FIRST VICE PRESIDENT/VICE CHAIR 2.00 X X 0 0 0 CAROL J THIELE SECOND VICE PRESIDENT/VICE CHAIR 2.00 X X 0 0 0 NANCY JOHNSON TREASURER 2.00 X X 0 0 0 JOSHUA FARBER SECRETARY 2.00 X X 0 0 0 SAMUEL BUCKNER DIRECTOR 1.00 X 0 0 0 JENNIFER CATALANO DIRECTOR 1.00 X 0 0 0 MITCHELL HO DIRECTOR 1.00 X X 0 0 0 ROBERT HOHMAN DIRECTOR 1.00 X 0 0 0 MARITA HOPMANN DIRECTOR 1.00 X 0 0 0 JOHN IBEX DIRECTOR 1.00 X 0 0 0 DENNIS KLINMAN DIRECTOR 1.00 X 0 0 0 HENRY LEVIN DIRECTOR 1.00 X 0 0 0 GERALD MCLAUGHLIN DIRECTOR 1.00 X 0 0 0 YOSUKE MUKOUYAMA DIRECTOR 1.00 X 0 0 0 PHILIP MURPHY DIRECTOR 1.00 X 0 0 0 KATHRYN NORCROSS DIRECTOR 1.00 X 0 0 0 ALLISON NUGENT DIRECTOR 1.00 X 0 0 0 SUSAN WRIGHT DIRECTOR 1.00 X 0 0 0 ALAN SCHECHTER DIRECTOR 1.00 X 0 0 0 MARGARET THOMAS DIRECTOR 1.00 X 0 0 0 CHRISTINA FARIAS CEO/EXECUTIVE DIRECTOR 40.00 X 357385 0 51902 NICOLE LUNA CFO 40.00 X 199201 0 43592 JAMES KUHLMAN DIRECTOR OF BUSINESS SERVICES 40.00 X 174223 0 35892 MELINDA MARIS DEAN 40.00 X 162449 0 25676 MICHEL OCHOA DIRECTOR OF INSURANCE 40.00 X 154893 0 26474 JONATHAN LOGAN ASSISTANT CONTROLLER 40.00 X 135444 0 31977 LISA ROGERS DIRECTOR OF ADMINISTRATION 40.00 X 125836 0 31170 HAZUKI MIWA ASSITANT DIRECT OF ACADEMIC PROGRAMS 40.00 X 110507 0 15296 1419938 0 261979 8 0 1 0 TRUSTMARK HEALTH BENEFITS INC 400 FIELD DRIVE LAKE FOREST IL 60045 INSURANCE CLAIMS TPA 2641953 KAIZEN HUMAN CAPITAL 2302 GALLOWS ROAD 514 DUNN LORING VA 22027 HR CONSULTING 369500 TALKSPACE NETWORKS LLC 2578 BROADWAY 607 NEW YORK NY 10025 MENTAL HEALTH SERVICES PROVIDER 313459 GTM ARCHITECTS 7735 OLD GEORGETOWN RD SUITE 700 BETHESDA MD 20814 ARCHITECTS 168558 CLEAR REAL ESTATE SERVICES LLC 818 CONNECTICUT AVE NW SUITE 800 WASHINGTON DC 25410 PROJECT MANAGEMENT 134390 5 707000 707000 INSURANCE SUBSCRIPTIONS 524292 40297483 40297483 NIH PROFESSIONAL LIABILITY 611430 830036 830036 NIH TRAINEE OCCUPANCY FEES 531110 783399 783399 TUITION & SCHOOL FEES 611430 710263 710263 CONFERENCE REVENUE 611430 484901 484901 43106082 1555069 1555069 1737695 1505593 1323923 1825034 413772 -319441 94331 94331 870934 496726 374208 374208 MANAGEMENT FEE 900099 55214 55214 MISCELLANEOUS REVENUE 900099 688 688 55902 45892592 43536192 0 1649400 166186 166186 6725 6725 1257470 551786 697296 8388 1905032 1364806 535300 4926 131900 89115 42450 335 367492 233650 133842 208024 135410 72114 500 194658 66036 128622 47549 47549 66062 66062 322867 202848 117689 2330 21562 6553 14908 101 253055 87423 165622 10 372496 181007 190594 895 494077 486171 7906 8990 8455 532 3 449006 427237 16828 4941 203756 198726 5030 134716 23392 111324 INSURANCE PROGRAM COSTS 34257171 34257171 PROFESSIONAL LIABILITY 721755 721755 OVERHEAD ALLOCATION 0 1274169 -1275011 842 7894 2538 1039 4317 41598443 39769404 1079696 749343 10936879 13055250 7773941 8908171 4220808 4685925 160276 131202 139450 195938 9612800 1040011 7440381 8572789 26982041 30654630 736124 684984 58389900 66888889 5290727 6412511 163678 122692 51123 51122 322319 147234 5827847 6733559 X 49254286 56180312 3307767 3975018 52562053 60155330 58389900 66888889 4294149 3299128 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 740654 740654 6478062 567640 5910422 594332 472371 121961 1799752 1799752 8572789 DUE TO NIH 44568 LEASE LIABILITY, NET 102666 147234 X 49747384 3299128 125000 3424128 46323256 66062 -496726 -430664 45892592 42154107 125000 496726 621726 41532381 66062 66062 41598443 PART IV, LINE 2B: CUSTODIAL FUNDS ARE MONIES COLLECTED ON BEHALF OF THIRD PARTY ORGANIZATIONS THAT FAES IS HANDLING ON AN AGENCY BASIS. FAES HAS NO DECISION MAKING AUTHORITY REGARDING HOW THE FUNDS ARE SPENT. PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FAES IS EXEMPT FROM FEDERAL INCOME TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. NO PROVISION FOR UNRELATED BUSINESS INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS FOR THE YEARS ENDED MAY 31, 2024 AND 2023, AS FAES HAS NO MATERIAL NET UNRELATED BUSINESS INCOME. FAES FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN FASB ASC TOPIC 740, INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FAES PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED MAY 31, 2024 AND 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. IT IS FAES' POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -496,726. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 496,726. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 VARIOUS ADVERTISING MATERIALS OUTLINE THE RACIALLY NON-DISCRIMINATORY POLICY OF FAES. THE WEBSITE CONTAINS A NON-DISCRIMINATORY CLAUSE. 1 NATIONAL INSTITUTES OF HEALTH 9000 ROCKVILLE PIKE BETHESDA MD 20892 N/A 25000 0 N/A N/A TO ENHANCE NIH OUTDOOR SPACE - GIVEN AS PART OF MEMORIAL FUND NATIONAL INSTITUTES OF HEALTH 9000 ROCKVILLE PIKE BETHESDA MD 20892 N/A 120183 0 N/A N/A ONGOING COSTS OF CONSTRUCTION FOR NEW TEACHING LAB ON THE NIH CAMPUS. NATIONAL SYMPHONY ORCHESTRA ASSOCIATION OF WASHINGTON DC 2700 F ST NW WASHINGTON DC 20566 530208364 501(C)(3) 10000 0 N/A N/A TO SUPPORT MUSICAL PERFORMANCES AT THE NIH FRIENDS OF PATIENTS AT THE NIH PO BOX 34139 BETHESDA MD 20827 521449492 501(C)(3) 5150 0 N/A N/A GENERAL SUPPORT - FUNDRAISING DINNER SPONSORSHIP 3 0 SCHOLARSHIPS 18 6725 N/A N/A PART I, LINE 2: FAES PROVIDES SCHOLARSHIPS FOR FAES COURSES RANGING FROM $50-$400. FAES PROVIDED A GIFT TO THE NIH TO SUPPORT THE CONSTRUCTION OF A NEW TEACHING LAB WITHIN THE NIH CLINICAL CENTER. FAES COMPLIED WITH ALL REQUIREMENTS TO MAKE AN UNRESTRICTED DONATION TO A FEDERAL AGENCY AND NO FURTHER MONITORING WAS REQUESTED BY FAES REGARDING THE USE OF THE FUNDS BY THE FEDERAL GOVERNMENT. FAES MADE TWO ONE-TIME GENERAL DONATIONS TO TWO NON-PROFITS SERVING THE LARGER NIH COMMUNITY WHICH WERE UNRESTRICTED AND NO FURTHER MONITORING WAS REQUIRED. FAES MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNTS OF ASSISTANCE AND THE SELECTION CRITERIA AND ELIGIBILITY REQUIREMENTS AS SET BY THE BOARD OF DIRECTORS, WHERE APPLICABLE. FAES ALSO COMPLIES WITH TAX REPORTING REQUIREMENTS FOR INDIVIDUALS AS APPLICABLE. FURTHER INFORMATION REGARDING THESE POLICIES CAN BE OBTAINED UPON REQUEST. X X X X 0 0 0 0 0 0 0 1 0 CHRISTINA FARIAS CEO/EXECUTIVE DIRECTOR 347115 0 10000 0 270 0 33000 0 18902 0 409287 0 0 0 NICOLE LUNA CFO 191026 0 8000 0 175 0 20340 0 23252 0 242793 0 0 0 JAMES KUHLMAN DIRECTOR OF BUSINESS SERVICES 163756 0 9000 0 1467 0 17276 0 18616 0 210115 0 0 0 MELINDA MARIS DEAN 154261 0 8000 0 188 0 16266 0 9410 0 188125 0 0 0 MICHEL OCHOA DIRECTOR OF INSURANCE 145776 0 9000 0 117 0 15627 0 10847 0 181367 0 0 0 JONATHAN LOGAN ASSISTANT CONTROLLER 130797 0 4500 0 147 0 13530 0 18447 0 167421 0 0 0 LISA ROGERS DIRECTOR OF ADMINISTRATION 117650 0 8000 0 186 0 12565 0 18605 0 157006 0 0 0 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. FORM 990, PART III, LINE 2 FAES ASSISTED THE NIH IN SECURING PROFESSIONAL LIABILITY INSURANCE COVERAGE FOR NIH FELLOWS. FORM 990, PART VI, SECTION A, LINE 1A FAES HAS AN EXECUTIVE COMMITTEE (EC), AUDIT COMMITTEE (AC), INVESTMENT COMMITTEE (IC), AND INSURANCE COMMITTEE. THE EC IS COMPOSED OF THE FIVE OFFICERS OF THE GOVERNING BOARD, AND MAKES DECISIONS NEEDING BOARD GUIDANCE/INPUT, BUT NOT A FULL BOARD VOTE, IN BETWEEN FULL BOARD MEETINGS. ONE SUCH DECISION IS THE REVIEW AND APPROVAL OF THE CEO'S SALARY. IN FY2024, THE AC HAD 3 VOTING MEMBERS, INCLUDING THE TREASURER AND 2 DIRECTORS, AND 5 NON-VOTING MEMBERS, INCLUDING THE PRESIDENT, CEO, CFO, AND 2 OUTSIDE MEMBERS. THE AC OVERSEES THE EXTERNAL FINANCIAL AUDIT PROCESS, INCLUDING SELECTION OF AN INDEPENDENT AUDIT FIRM. THE AC REVIEWS THE AUDITED FINANCIAL STATEMENTS, AUDITOR COMMUNICATION LETTERS, AND THE FORM 990 AND REPORTS RESULTS AND FINDINGS, IF ANY, TO THE FULL BOARD. IN FY2024, THE IC HAD 3 VOTING MEMBERS, INCLUDING THE TREASURER, 1ST VICE-CHAIR, AND 1 DIRECTOR, AND 5 NON-VOTING MEMBERS, INCLUDING THE PRESIDENT, CEO, CFO, AND 2 OUTSIDE MEMBERS. THE IC OVERSEES INVESTMENT ASSETS, INCLUDING EXECUTION OF INVESTMENT DECISIONS FALLING WITHIN THE SCOPE OF THE FAES INVESTMENT POLICY STATEMENT AS APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN FAES CONSISTS OF BOARD DIRECTORS, EX-OFFICIO MEMBERS AND ALL MEMBERS OF FAES ADVISORY COMMITTEES. ONLY BOARD DIRECTORS HAVE VOTING AUTHORITY, OUTSIDE OF ELECTION VOTING. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE VOTING PRIVILEGES TO ELECT THE BOARD OF DIRECTORS AND OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B FAES HIRES AN INDEPENDENT ACCOUNTING FIRM TO PREPARE THE FEDERAL FORM 990. THE DRAFT FORM 990 IS REVIEWED BY THE CEO, CFO, AND THE FOUNDATION'S AUDIT COMMITTEE. COPIES OF THE FORM 990 ARE ALSO PROVIDED TO THE BOARD OF DIRECTORS BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND PRINCIPAL OFFICERS ARE PROVIDED THE FAES CONFLICT OF INTEREST POLICY AND MUST SIGN AN ACKNOWLEDGEMENT AND AGREEMENT TO THE POLICY ANNUALLY. THE POLICY REQUIRES DISCLOSURE OF ANY CONFLICTS. BOARD AND COMMITTEE MEMBERS ARE PERIODICALLY REMINDED TO DISCLOSE NEW AND EXISTING CONFLICTS. IF THE BOARD OR COMMITTEE MEMBERS DETERMINE THAT A CONFLICT OF INTEREST EXISTS DURING SIGNIFICANT BOARD DISCUSSION OR VOTE, THEY RECUSE THEMSELVES FROM THAT CONVERSATION. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR AND CFO BASED ON PERFORMANCE REVIEWS AND COMPARABLE COMPENSATION DATA WHICH INCLUDES SURVEYS, STUDIES, AND THE FORM 990 OF OTHER ORGANIZATIONS. THE EXECUTIVE COMMITTEE ENSURES CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISIONS. THE REMAINING OFFICERS ARE COMPRISED OF VOLUNTARY MEMBERS OF THE BOARD OF DIRECTORS AND RECEIVE NO COMPENSATION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.