2024-09-26T19:11:39-05:00 2023-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2023-01-01 133905508 FOOD ALLERGY RESEARCH & EDUCATION INC FOOD 7036913179 7901 JONES BRANCH DRIVE 240 MCLEAN VA 221025303 DEBORAH MORRISON CFO 7036913179 2024-09-26 1 1 AARON M FOX P01365820 2022274000 2024-09-26 2023 2024-08-08 14:25:15Z SUNG POBLETE PHD 7901 JONES BRANCH DRIVE 240 MCLEAN VA 221025303 24860809 0 X WWW.FOODALLERGY.ORG X 1996 NY FARE'S MISSION IS TO IMPROVE THE QUALITY OF LIFE AND THE HEALTH OF INDIVIDUALS WITH FOOD ALLERGIES. 13 13 69 15 0 0 11291383 14309504 459981 773410 113363 1101469 24837 0 11889564 16184383 9103680 3798273 0 0 10922522 10254966 1800 274009 2980476 6286427 5400184 26314429 19727432 -14424865 -3543049 40457141 31368809 8174680 2629397 32282461 28739412 FARE IS THE LARGEST PRIVATE FUNDER OF FOOD ALLERGY RESEARCH IN THE WORLD AND A CRITICAL FORCE WITHIN A COMPREHENSIVE LANDSCAPE OF HEALTH AND WELLNESS PARTNERS. 0 0 6455223 3775321 773410 RESEARCH: WE MAKE GRANTS AIMED AT BREAKTHROUGHS IN MEDICAL RESEARCH AND IMPROVEMENTS IN THE QUALITY OF LIFE OF INDIVIDUALS WITH FOOD ALLERGIES AND PROVIDING THEM HOPE THROUGH THE PROMISE OF NEW TREATMENTS. THIS INCLUDES BUT IS NOT LIMITED TO THE FARE CLINICAL NETWORK, THE DATA COMMONS, AND OTHER MEDICAL TRIALS AND STUDIES. 4824325 22952 ADVOCACY AND EDUCATION: OUR ADVOCACY PRIORITIES ADDRESS CHALLENGING PUBLIC POLICY ISSUES FACING THE FOOD ALLERGY COMMUNITY INCLUDING REMOVING LEGISLATIVE AND REGULATORY BARRIERS TO THE DEVELOPMENT OF FOOD ALLERGY THERAPIES AND ENABLING MORE TREATMENT OPTIONS FOR THE FULL AND DIVERSE POPULATION OF FOOD ALLERGY PATIENTS. WE EDUCATE AND TRAIN THOSE WORKING IN FOOD ALLERGY AS WELL AS PROFESSIONALS SUCH AS DIETITIANS, ALLERGISTS, SCHOOL STAFF AND FOOD SERVICE PERSONNEL IN A VARIETY OF SETTINGS. 3103335 SHARED AWARENESS AND OUTREACH: WE ARE FOCUSED ON ENSURING THE VOICE OF THE PATIENT IS HEARD ACROSS THE BROADER COMMUNITY WITH A DEDICATION TO DIVERSITY, EQUITY, INCLUSION AND ACCESS. WE WORK TO CREATE STANDARDS AND QUALIFICATIONS ACROSS THE PUBLIC HEALTH AND MEDICAL COMMUNITIES. OUR PROGRAMS AIM TO AMPLIFY THE VOICES OF PATIENTS WITH FOOD ALLERGIES AND TO ENGAGE IN PROMOTING LIFE, HEALTH AND HOPE FOR ALL THOSE MANAGING FOOD ALLERGIES. 14382883 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 105 0 1 69 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 AL AR CA CO CT FL GA IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC UT VA WA WV WI X X DEBORAH MORRISON 5717718592 7901 JONES BRANCH DRIVE 240 MCLEAN VA 221025303 SUNG-AH POBLETE PHD CEO 40.00 X 612328 0 26446 BRUCE ROBERTS CHIEF RESEARCH OFFICER - UNTIL 03/2023 40.00 X 461000 0 17453 DEBORAH MORRISON CFO 40.00 X 350241 0 16554 MICHAEL TRAGER VP OF DEVELOPMENT 40.00 X 275445 0 51503 JASON LINDE VP OF ADVOCACY 40.00 X 244176 0 50359 JENNIFER BUFFORD VP OF CLINICAL OPERATIONS 40.00 X 202967 0 48617 ROBERT OLIVER EARL VP OF REGULATORY AFFAIRS 40.00 X 236258 0 11039 CRAIG FONTENOT VP OF INSTITUTIONAL ADVANCEMENT 40.00 X 220884 0 22045 DOMINIQUE RODRIQUEZ-SWAYER CHIEF PEOPLE OFFICER 40.00 X 194300 0 36297 DAVID JAFFE CHAIR 1.00 X X 0 0 0 ALAN HARTMAN VICE CHAIR 1.00 X X 0 0 0 DAVID BUNNING TREASURER - UNTIL 11/2023 1.00 X X 0 0 0 LEIGH FEUERSTEIN SECRETARY 1.00 X X 0 0 0 MILTON BROWN MD DIRECTOR 1.00 X 0 0 0 DEV GANESAN DIRECTOR - UNTIL 02/2023 1.00 X 0 0 0 EMILY GLASSMAN DIRECTOR 1.00 X 0 0 0 NANCY GOODMAN DIRECTOR 1.00 X 0 0 0 LEE HELMAN DIRECTOR 1.00 X 0 0 0 HELEN JAFFE DIRECTOR 1.00 X 0 0 0 ADAM MILLER DIRECTOR 1.00 X 0 0 0 EDITH PEREZ DIRECTOR 1.00 X 0 0 0 ROBERT RICH DIRECTOR 1.00 X 0 0 0 MARY WEISER DIRECTOR 1.00 X 0 0 0 RAYMOND WILLIAMS DIRECTOR 1.00 X 0 0 0 2797599 0 280313 34 0 1 0 MARROTT INTERNATIONAL INC 4040 CENTRAL FLORIDA PKWY ORLANDO FL 32837 HOTEL ROOMS, CATERING & AUDIO VISUAL 312198 MIAMI DOLPHINS LTD 347 DON SHULA DRIVE MIAMI GARDENS FL 33056 MARKETING 300000 LINDER GLOBAL EVENTS 2150 WISCONSIN AVE NW WASHINGTON DC 20007 EVENT MANAGEMENT 213504 RWT PRODUCTIONS LLC 8932 ORANGE HUNT LANE ANNANDALE VA 22003 MAILING SERVICE 184220 AVALON CONSULTING GROUP INC 2 MASSACHUSETTA AVE NE UNIT 7781 WASHINGTON DC 20002 FUNDRASING CONSULTANT 149931 9 492081 1537610 12279813 124399 14309504 EDUCATION FEES 900099 361061 361061 FARECHECK PROGRAM 900099 180849 180849 RESEARCH FEES 900099 172540 172540 EDUCATION COURSE REGISTRATIONS 900099 58960 58960 773410 1096572 1096572 8250000 8245103 4897 4897 4897 431323 492081 431323 0 16184383 773410 0 1101469 3508926 3508926 7985 7985 281362 281362 1714619 1117227 597392 6846400 4461588 981335 1403477 262674 168473 39399 54802 849412 535389 181501 132522 581861 343804 146736 91321 132290 36220 96070 38636 38636 15200 15200 274009 274009 503145 395351 79914 27880 449662 340796 591 108275 487106 146492 27533 313081 791432 604862 43250 143320 448174 315989 47190 84995 1804756 1724158 11575 69023 69915 69915 15996 10336 3036 2624 BAD DEBT 285147 10000 275147 PUBLICATION & EDUC. 187101 187101 CLINICAL STUDIES 171624 171624 19727432 14382883 2364073 2980476 X 637572 411982 121009 104581 6112952 2873378 2014226 21862 5000572 7472230 111859 52539 289702 190935 513488 500288 83115 13200 26622148 20467705 222567 276960 40457141 31368809 1091320 559550 6762408 1805714 50000 7500 270952 256633 8174680 2629397 X 20911084 19070485 11371377 9668927 32282461 28739412 40457141 31368809 -3543049 0 X 0 1 X 1 0 X 23051255 17895742 11800746 11291383 14309504 78348630 23051255 17895742 11800746 11291383 14309504 78348630 25086080 53262550 1064546 217651 5193 373819 1096572 2757781 8544 82259 8546 20555 119904 81226315 2037801 0.65570 0.67620 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 8,544. 2020 AMOUNT: $ 2,709. 2021 AMOUNT: $ 8,546. 2022 AMOUNT: $ 20,555. INSURANCE SETTLEMENT - 2020 AMOUNT: $ 79,550. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 87200 159719 246919 19206504 19453423 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 405794 165806 201765 246919 1020284 250000 250000 250000 250000 1000000 1500000 144330 120000 96000 87200 447530 356979 356979 0 156509 143309 13200 13200 LEASE LIABILITY - OPERATING 256633 256633 X 16184383 0 16184383 0 16184383 19727432 0 19727432 0 19727432 PART X, LINE 2: FARE REVIEWS AND ASSESSES ALL ACTIVITIES ANNUALLY TO IDENTIFY ANY CHANGES IN THE SCOPE OF THE ACTIVITIES AND REVENUE SOURCES AND THE TAX TREATMENT THEREOF TO IDENTIFY ANY UNCERTAINTY IN INCOME TAX. FOR THE YEAR ENDED DECEMBER 31, 2023, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAINTY IN INCOME TAX REQUIRING RECOGNITION OR DISCLOSURE IN THESE FINANCIAL STATEMENTS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 281362 0 0 0 0 0 0 281362 0 281362 EUROPE (INCLUDING ICELAND & GREENLAND) MEDICAL RESEARCH 281362 WIRE 0 1 0 1 0 0 0 0 0 PART I, LINE 2: FARE FOLLOWS A FORMAL GRANT REVIEW PROCESS. ALL GRANTEES ARE REQUIRED TO SUBMIT COMPLIANCE DOCUMENTS SUCH AS INTERIM AND ANNUAL PROJECT REPORTS AND ANNUAL FINANCIAL RECONCILIATIONS THAT DOCUMENT PROGRESS ON DELIVERABLES, ACHIEVEMENT OF MILESTONES/GOALS, USAGE OF FUNDING DISBURSED, AND STATUS OF FUNDS ON HAND. THESE COMPLIANCE DOCUMENTS ARE REVIEWED AND APPROVED BY FARE PRIOR TO ANY PROCESSING OF PAYMENTS. ADDITIONAL CLARIFICATION IS REQUESTED FROM GRANTEES AS DEEMED NECESSARY. ANY REMAINING FUNDS ALONG WITH ONGOING EXPENSES ARE TAKEN INTO CONSIDERATION PRIOR TO THE DISBURSEMENT OF FUTURE PAYMENTS. ALL SUCH DISBURSEMENTS ARE DOCUMENTED AND SUBJECT TO A MULTI-STEP APPROVAL PROCESS. X X 1 AVALON CONSULTING GROUP INC 2 MASSACHUSETTS AVE NE UNIT 77818 WASHINGTON DC 20002 CONSULTING 0 0 190009 -190009 MIDAS OPCO HOLDING LLC 285 FULTON STREET 69TH FLOOR NEW YORK NY 10007 CONSULTING 0 0 84000 -84000 274009 -274009 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC GALA NEW YORK 923404 492081 431323 164568 266755 923404 492081 431323 164568 266755 431323 0 1 NORTHWESTERN UNIVERSITY 633 CLARK STREET EVANSTON IL 60208 362167817 501(C)(3) 828998 0 MEDICAL RESEARCH BECKMAN COULTER INC 250 SOUTH KRAEMER BOULEVARD BREA CA 92821 951040600 743000 0 MEDICAL RESEARCH THE CHILDREN'S HOSPITAL OF PHILADELPHIA 3615 CIVIC CENTER BOULEVARD PHILADELPHIA PA 19104 231352166 501(C)(3) 479142 0 MEDICAL RESEARCH CHILDREN'S HOSPITAL MEDICAL CENTER 3333 BURNET AVE MLC 7004 CINCINNATI OH 45229 310833936 501(C)(3) 420714 0 MEDICAL RESEARCH ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI 1 GUSTAVE LEVY PLACE NEW YORK NY 10029 136171197 501(C)(3) 100000 0 MEDICAL RESEARCH JOHNS HOPKINS 600 N WOLFE STREET BALTIMORE MD 21287 520595110 501(C)(3) 100000 0 MEDICAL RESEARCH REGENTS OF THE UNIVERSITY OF MICHIGAN 3003 S STATE STREET ANN ARBOR MI 48109 366006309 501(C)(3) 100000 0 MEDICAL RESEARCH THE UNIVERSITY OF CHICAGO 5841 S MARYLAND AVENUE CHICAGO IL 60637 322177139 501(C)(3) 100000 0 MEDICAL RESEARCH THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY 485 BROADWAY REDWOOD CITY CA 94063 941156365 501(C)(3) 100000 0 MEDICAL RESEARCH TOP BOX FOODS SUPPORT OF THE SEED STUDY 222 MERCHANDISE MART PLAZA 11-131 CHICAGO IL 60654 453930886 501(C)(3) 92893 0 MEDICAL RESEARCH THE RECTOR AND VISITORS OF UNIVERSITY OF VIRGINIA 1001 N EMMET STREET CHARLOTTESVILLE VA 22903 546001796 501(C)(3) 75000 0 MEDICAL RESEARCH SAG-AFTRA FOUNDATION 5757 WILSHIRE BOULEVARD LOS ANGELES CA 90036 454931719 501(C)(3) 75000 0 DEVELOPMENT MASSACHUSETTS GENERAL HOSPITAL 55 FRUIT STREET BOSTON MA 02114 042697983 501(C)(3) 50000 0 MEDICAL RESEARCH BOSTON CHILDREN'S HOSPITAL 300 LONGWOOD AVENUE BOSTON MA 02115 042774441 501(C)(3) 50000 0 MEDICAL RESEARCH ARKANSAS CHILDREN'S RESEARCH INSTITUTE 13 CHILDRENS WAY SLOT 512-13 LITTLE ROCK AR 72202 710694931 501(C)(3) 50000 0 MEDICAL RESEARCH UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER 5323 HARRY HINES DALLAS TX 75309 756002868 501(C)(3) 27420 0 MEDICAL RESEARCH VANDERBILT 2200 CHILDRENS WAY NASHVILLE TN 37232 352528741 501(C)(3) 25000 0 MEDICAL RESEARCH ABRAHAM'S TENT INC 1773 GERALD AVENUE EAST MEADOW NY 11554 260902504 501(C)(3) 20000 0 MEDICAL RESEARCH PHOENIX CHILDREN'S HOSPITAL INC 1919 EAST THOMAS ROAD PHOENIX AZ 85016 860422559 501(C)(3) 15000 0 MEDICAL RESEARCH HENRY FORD HEALTH SYSTEM 1414 EAST MAPLE ROAD TROY MI 48083 381357020 501(C)(3) 15000 0 MEDICAL RESEARCH BAYLOR COLLEGE OF MEDICINE 1 BAYLOR PLAZA HOUSTON TX 77030 741613878 501(C)(3) 15000 0 MEDICAL RESEARCH EMORY UNIVERSITY 1599 CLIFTON ROAD ATLANTA GA 30322 580566256 501(C)(3) 14249 0 MEDICAL RESEARCH 21 1 EDUCATION 3 7985 PART I, LINE 2: FARE FOLLOWS A FORMAL GRANT REVIEW PROCESS. ALL GRANTEES ARE REQUIRED TO SUBMIT COMPLIANCE DOCUMENTS SUCH AS INTERIM AND ANNUAL PROJECT REPORTS AND ANNUAL FINANCIAL RECONCILIATIONS THAT DOCUMENT PROGRESS ON DELIVERABLES, ACHIEVEMENT OF MILESTONES/GOALS, USAGE OF FUNDING DISBURSED, AND STATUS OF FUNDS ON HAND. THESE COMPLIANCE DOCUMENTS ARE REVIEWED AND APPROVED BY FARE PRIOR TO ANY PROCESSING OF PAYMENTS. ADDITIONAL CLARIFICATION IS REQUESTED FROM GRANTEES AS DEEMED NECESSARY. ANY REMAINING FUNDS ALONG WITH ONGOING EXPENSES ARE TAKEN INTO CONSIDERATION PRIOR TO THE DISBURSEMENT OF FUTURE PAYMENTS. ALL SUCH DISBURSEMENTS ARE DOCUMENTED AND SUBJECT TO A MULTI-STEP APPROVAL PROCESS. X X X X 1 0 0 0 0 0 0 0 0 SUNG-AH POBLETE PHD CEO 612328 0 0 0 0 0 13200 0 13246 0 638774 0 0 0 BRUCE ROBERTS CHIEF RESEARCH OFFICER - UNTIL 03/2023 126222 0 0 0 334778 0 5612 0 11841 0 478453 0 0 0 DEBORAH MORRISON CFO 320241 0 0 0 30000 0 12747 0 3807 0 366795 0 0 0 MICHAEL TRAGER VP OF DEVELOPMENT 275445 0 0 0 0 0 11378 0 40125 0 326948 0 0 0 JASON LINDE VP OF ADVOCACY 244176 0 0 0 0 0 10234 0 40125 0 294535 0 0 0 JENNIFER BUFFORD VP OF CLINICAL OPERATIONS 202967 0 0 0 0 0 8613 0 40004 0 251584 0 0 0 ROBERT OLIVER EARL VP OF REGULATORY AFFAIRS 236258 0 0 0 0 0 9387 0 1652 0 247297 0 0 0 CRAIG FONTENOT VP OF INSTITUTIONAL ADVANCEMENT 220884 0 0 0 0 0 8893 0 13152 0 242929 0 0 0 DOMINIQUE RODRIQUEZ-SWAYER CHIEF PEOPLE OFFICER 194300 0 0 0 0 0 7963 0 28334 0 230597 0 0 0 PART I, LINE 4A DURING THE YEAR ENDED DECEMBER 31, 2023, BRUCE ROBERTS, FARE'S CHIEF RESEARCH OFFICER UNTIL MARCH OF 2023, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $305,466. X 8 124399 FMV 0 0 0 PART I, COLUMN (B): THE TOTAL REPRESENTED IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS THAT WERE RECEIVED FOR THE YEAR ENDED DECEMBER 31, 2023. FORM 990, PART VI, SECTION A, LINE 8B WRITTEN MINUTES ARE NOT MAINTAINED FOR ALL BOARD COMMITTEES, BUT DECISIONS ARE TAKEN TO THE FULL BOARD FOR APPROVAL AND ARE DOCUMENTED. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE FEDERAL FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C FARE HAS A WRITTEN CONFLICT OF INTEREST POLICY. IN THE EVENT OF ANY ACTUAL OR PERCEIVED CONFLICT, THE BOARD DETERMINES WHAT ACTION IS APPROPRIATE, IF ANY. FORM 990, PART VI, SECTION B, LINE 15 FARE'S PROCESS FOR ESTABLISHING THE FULL COMPENSATION PACKAGE FOR OFFICERS AND KEY EMPLOYEES INCLUDES THE USE OF MARKET PRICING DATA FROM A COMPENSATION SURVEY AND STUDY PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT AND/OR EXECUTIVE PLACEMENT FIRM THAT THE BOARD APPOINTED COMMITTEE REVIEWS. IN ADDITION, THE WRITTEN EMPLOYMENT CONTRACT IS REVIEWED AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 FARE'S FEDERAL FORM 990 IS AVAILABLE ON ITS WEBSITE. OTHER DOCUMENTS MAY BE MADE AVAILABLE UPON FARE'S CONSIDERATION OF THE REQUEST.