2020-02-05T08:48:10-06:00 2019-05-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2018-06-01 520743814 FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES INC FOUN 3015948985 10 CENTER DRIVE 1N241-MSC 1115 BETHESDA MD 208921115 CHRISTINA FARIAS MBA CEO/EXECUTIVE DIRECTOR 3015948985 2020-01-22 1 LOVELEEN SAINI P01689888 5712279500 67.137.57.251 2020-01-22 08:46:22 ES P 88FC096EEAA4AA34D2309BD4BFC487DBE06F0B48 1938324BD4D887D076751857843371B82258E98C 2018 2020-11-19 02:30:22Z CHRISTINA FARIAS MBA 10 CENTER DRIVE 1N241-MSC 1115 BETHESDA MD 208921115 43873424 0 X WWW.FAES.ORG X 1959 MD PROMOTE THE PRODUCTIVITY & ATTRACTIVENESS OF PROFESSIONAL LIFE AT THE NIH. 23 22 123 60 0 0 23667 36087 30272970 34901332 2282883 731236 -74151 -59395 32505369 35609260 110513 288467 0 0 2592674 2662254 0 0 0 29199543 27314298 31902730 30265019 602639 5344241 32257058 35573437 4482790 3594846 27774268 31978591 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. 0 0 26772820 32933329 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 INSURANCE FOR 8,255 INDIVIDUALS DURING THE YEAR, INCLUDING EXCELLENT BENEFITS, AFFORDABLE ANNUAL MAXIMUMS, AND LOW OUT-OF POCKET EXPENSES. 1837678 22112 1826093 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 100 GRADUATE-LEVEL COURSES TO FILL THE GAP BETWEEN TRADITIONAL ACADEMIC PROGRAMS AND WORKING IN A WORLD-CLASS BIOMEDICAL RESEARCH ENVIRONMENT AT NIH. FAES HAD 1,823 COURSE ENROLLMENTS DURING THE YEAR. FAES ALSO HAS THREE ADVANCED STUDIES PROGRAMS: TECHNOLOGY TRANSFER FROM WHICH THE CREDITS CAN BE TRANSFERRED INTO SEVERAL UNIVERSITY OF MARYLAND MASTER'S DEGREE PROGRAMS, PUBLIC HEALTH THAT COVERS EPIDEMIOLOGY, BIO-STATISTICS, ENVIRONMENTAL HEALTH SCIENCES, HEALTH POLICY AND MANAGEMENT, AND SOCIAL AND BEHAVIORAL SCIENCES, AND BIOINFORMATICS AND DATA SCIENCE. FAES OFFERS OVER 35 LAB TECHNIQUE TRAINING COURSES TAUGHT BY NIH SCIENTISTS AND OTHER LEADING BIOMEDICAL FIELD EXPERTS. TRAINING COURSES INCLUDE 2-5 DAY SESSIONS AND WEEKEND OFFERINGS. FAES HOSTED 52 TRAINING COURSES WITH A TOTAL OF 841 ATTENDEES DURING THE YEAR. FAES ALSO HOSTED A 9-WEEK SATURDAY SCIENCE TRAINING PROGRAM FOR UNDERSERVED YOUTH STUDENTS IN THE WASHINGTON, DC METRO AREA IN COLLABORATION WITH THE NATIONAL INSTITUE OF MENTAL HEALTH AND HOSTED 7 CONFERENCES IN COLLABORATION WITH VARIOUS INSTITUTES AT NIH DURING THE YEAR. 59918 4829 RETAIL:FAES BOOKSTORE@NIH, THE MOST PUBLIC FACING ASPECT OF THE FAES ACADEMIC CENTER, HAS BEEN PROVIDING MEDICAL AND SCIENTIFIC TEXTBOOK SERVICES TO NIH FOR OVER 50 YEARS. STEPS AWAY FROM MASUR AUDITORIUM AND THE FAES CLASSROOMS, THE BOOKSTORE@NIH IS IDEALLY LOCATED TO SUPPORT THE SPECIALIZED BOOK NEEDS OF THE FAES GRADUATE SCHOOL AND THE NIH SCIENTIFIC COMMUNITY. ADDITIONALLY, THE BOOKSTORE@NIH HELPED TO BUILD COMMUNITY WITH SEVERAL HIGH-PROFILE AUTHOR EVENTS DURING THE YEAR. FAES GIFTSTORE@NIH, A SECOND RETAIL LOCATION IN THE BUILDING 10 ATRIUM, EXPANDS THE SELECTION OF QUALITY NIH IMPRINTED CLOTHING AND GIFTS FOR NIH EMPLOYEES, PATIENTS, AND VISITORS. 751671 266355 205447 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 THE OFFICE OF INTRAMURAL TRAINING AND EDUCATION (OITE) COMMUNITY COLLEGE DAY, GRADUATE PARTNERSHIP PROGRAM (GPP) RECRUITING, COMMUNITY BUILDING, AND SYMPOSIA, SUPPORT FOR THE NIH ANNUAL RESEARCH FESTIVAL, CLASSICAL AND JAZZ MUSIC PERFORMANCES, NIH TAKE YOUR CHILD TO WORK DAY, WEDNESDAY AFTERNOON LECTURES (WALS), ADMINISTRTION OF MEMORIALS, AND MORE. FAES ALSO PROVIDED LOW COST HOUSING TO 64 NIH FELLOWS DURING THE YEAR. 751671 266355 205447 29422087 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 113 0 1 123 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X CHRISTINA FARIAS 3015948985 10 CENTER DRIVE ROOM 1N241-MSC 1115 BETHESDA MD 208921115 SUSAN F LEITMAN PRESIDENT 5.00 X X 33500 0 0 HEINER WESTPHAL FIRST VICE PRESIDENT/VICE CHAIR 2.00 X X 0 0 0 JEFFREY KOPP SECOND VICE PRESIDENT/VICE CHAIR 2.00 X X 0 0 0 JOHN IBEX TREASURER 2.00 X X 0 0 0 ALAN SCHECHTER SECRETARY 2.00 X X 0 0 0 BARBARA ALVING FIRST VICE PRESIDENT/VICE CHAIR 2.00 X X 0 0 0 CANDICE ABATE DIRECTOR 1.00 X 0 0 0 IRA BERKOWER DIRECTOR 1.00 X 0 0 0 ORNA COHEN-FIX DIRECTOR 1.00 X 0 0 0 JULIE G DONALDSON DIRECTOR 1.00 X 0 0 0 SUZANNE L EPSTEIN DIRECTOR 1.00 X 0 0 0 NAOMI LYNN GERBER DIRECTOR 1.00 X 0 0 0 ALAN GOLDHAMMER DIRECTOR 1.00 X 0 0 0 ALISA M GOLDSTEIN DIRECTOR 1.00 X 0 0 0 LYNN JOHNSON LANGER DIRECTOR 1.00 X 0 0 0 DONALD R MATTISON DIRECTOR 1.00 X 0 0 0 LOUIS MKANGANWI DIRECTOR 1.00 X 0 0 0 PAUL RANDAZZO DIRECTOR 1.00 X 0 0 0 KAREN SIBLEY DIRECTOR 1.00 X 0 0 0 RICHARD SIEGEL DIRECTOR 1.00 X 0 0 0 CAROL J THIELE DIRECTOR 1.00 X 0 0 0 MARGARET THOMAS DIRECTOR 1.00 X 0 0 0 JOHN F TISDALE DIRECTOR 1.00 X 0 0 0 LEEPO YU DIRECTOR 1.00 X 0 0 0 THOMAS A WYNN DIRECTOR 1.00 X 0 0 0 CHRISTINA FARIAS CEO/EXECUTIVE DIRECTOR 40.00 X 217065 0 37490 NICOLE LUNA DIRECTOR OF ACCOUNTING/CONTROLLER 40.00 X 118969 0 15348 JAMES KUHLMAN DIRECTOR OF BUSINESS SERVICES 40.00 X 139791 0 28092 ASHANTI EDWARDS ASSISTANT PROGRAM DIRECTOR 40.00 X 100532 0 27777 609857 0 108707 4 0 1 0 CORESOURCE 1280 NORTH PLUM STREET LANCASTER PA 17608 INSURANCE CLAIMS TPA 3397441 INFORMATICS LLC 2603 HARRIS AVE SILVER SPRING MD 20902 WORKSHOP INSTRUCTOR 128953 STEPTOE & JOHNSON LLP PO BOX 603212 CHARLOTTE NC 28260 LEGAL 111140 3 36087 36087 INSURANCE SUBSCRIPTIONS 524292 32933329 32933329 CONFERENCE REVENUE 611430 1113026 1113026 TUITION & SCHOOL FEES 611430 668008 668008 NIH TRAINEE HOUSING RENTAL 531110 186969 186969 34901332 605696 605696 56484 184245 -127761 -127761 -127761 7250416 7120227 4649 130189 -4649 125540 125540 1004131 955043 49088 49088 MANAGEMENT FEE 900099 10317 10317 MISCELLANEOUS REVENUE 900099 8961 8961 19278 35609260 34969698 0 603475 254963 254963 22112 22112 11392 11392 459177 55140 404037 1703195 1112133 591062 93573 68590 24983 254483 160072 94411 151826 87161 64665 70306 24999 45307 37921 37921 103941 103941 323545 241741 81804 50715 50715 204887 11911 192976 210804 134940 75864 173675 168778 4897 99943 98552 1391 666266 653247 13019 9246 240 9006 85027 59542 25485 84954 84954 HEALTH INSURANCE COSTS 25189286 25189286 MISCELLANEOUS 3782 2091 1691 OVERHEAD ALLOCATION 0 1065197 -1065197 30265019 29422087 842932 0 2530522 6571653 3042818 1030741 3001022 3321251 162043 124882 64108 135106 3307893 1934658 1382236 1373235 22037656 22979916 36653 36653 32257058 35573437 3990973 3276369 139098 206031 65998 65998 286721 46448 4482790 3594846 X 27591319 31792990 182949 185601 27774268 31978591 32257058 35573437 X 5344241 -1020072 -119846 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 740654 740654 1660763 1068550 592213 906476 866108 40368 1373235 SECURITY DEPOSITS 8866 DUE TO NIH 27693 CAPITAL LEASE OBLIGATION 9889 46448 X 35687571 -1020072 63036 -103941 -1060977 36748548 -1139288 -1139288 35609260 31483248 63036 1259134 1322170 30161078 103941 103941 30265019 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, 2019 AND 2018, AS FAES HAS NO MATERIAL NET UNRELATED BUSINESS INCOME AND HAS A NET OPERATING LOSS CARRY-FORWARD TO OFFSET UNRELATED TAXABLE INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES -103,941. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -184,245. COST OF GOODS SOLD -955,043. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 184,245. COST OF GOODS SOLD 955,043. BAD DEBT 119,846. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 103,941. 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 OUTLINED THE RACIALLY NON-DISCRIMINATORY POLICY OF FAES. THE COURSE CATALOGUE CONTAINS A NON-DISCRIMINATORY CLAUSE. 1 EAST ASIA & THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION GRANTMAKING 11392 0 0 0 0 0 0 11392 0 11392 DISBURSEMENT OF MEMORIAL FUNDS TO DECEDENT'S FAMILY EAST ASIA & THE PACIFIC 1 11392 WIRE 0 0 0 0 0 0 PART I, LINE 2: FAES WORKED WITH NIH STAFF AND THE SOUTH KOREAN EMBASSY TO VERIFY MEMORIAL FUNDS WERE DISBURSED TO THE APPROPRIATE FAMILY MEMBER OF THE DECEASED. 1 NATIONAL INSTITUTES OF HEALTH 9000 ROCKVILLE PIKE BETHESDA MD 20892 N/A 224049 TO BUILD A GIFT STORE ON B1 LEVEL OF BUILDING 10 NATIONAL INSTITUTES OF HEALTH OFFICE OF NIH HISTORY STETTEN MUSEUM 1 CLOISTER CT STE 60 BETHESDA MD 20814 N/A 25000 DONATION FOR EXHIBITS/INSTALLATIONS AROUND NIH BETHESDA CAMPUS 1 1 HONORARIA AND TRAVEL AWARDS 37 22112 PART I, LINE 2: FAES PROVIDES VARIOUS HONORARIA AND TRAVEL AWARDS THROUGHOUT THE YEAR. AMOUNTS OF THIS ASSISTANCE RANGE FROM $50 TO $5,000, WITH MOST HONORARIA AWARDS IN THE $1,000 TO $2,000 RANGE. FAES MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNTS OF ASSISTANCE AND THE SELECTION CRITERIA AND ELIGIBILITY REQUIREMENTS AS SET BY THE BOARD OF DIRECTORS. FAES ALSO COMPLIES WITH TAX REPORTING REQUIREMENTS FOR THESE INDIVIDUALS. FURTHER INFORMATION REGARDING THESE POLICIES CAN BE OBTAINED UPON REQUEST. X X X X 0 0 0 0 0 0 0 0 0 CHRISTINA FARIAS CEO/EXECUTIVE DIRECTOR 213875 0 3000 0 190 0 21792 0 15698 0 254555 0 0 0 JAMES KUHLMAN DIRECTOR OF BUSINESS SERVICES 136447 0 1990 0 1354 0 13844 0 14248 0 167883 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 FAES HAS AN EXECUTIVE COMMITTEE (EC), AUDIT COMMITTEE (AC), AND INVESTMENT COMMITTEE (IC). THE EXECUTIVE COMMITTEE IS COMPOSED OF THE FIVE OFFICERS OF THE GOVERNING BOARD, AND MAKES DECISIONS NEEDING BOARD GUIDANCE/INPUT, BUT NOT A FULL BOARD VOTE, SUCH AS THE REVIEW AND APPROVAL OF THE CHIEF EXECUTIVE OFFICER'S SALARY. THE AUDIT COMMITTEE IS COMPOSED OF THE TREASURER AND A MIX OF BOARD DIRECTORS AND OUTSIDE (NON-BOARD, NON-EMPLOYEE) MEMBERS WITH RELEVANT EXPERIENCE/EXPERTISE. IN FY2019, THE AC HAD 6 MEMBERS INCLUDING THE TREASURER, 1 DIRECTOR AND 4 OUTSIDE MEMBERS. THE AC OVERSEES THE AUDIT PROCESS, INCLUDING SELECTION OF AN AUDIT FIRM. THE AC REVIEWS THE AUDITED FINANCIAL STATEMENTS, AUDITOR COMMUNICATION LETTERS, AND THE FORM 990. THE INVESTMENT COMMITTEE IS COMPOSED OF 3 OFFICERS (PRESIDENT, TREASURER, AND 1 VICE PRESIDENT), 1 BOARD DIRECTOR, AND 3 OUTSIDE (NON-BOARD, NON-EMPLOYEE) MEMBERS WITH RELEVANT EXPERIENCE/EXPERTISE. THE IC OVERSEES INVESTMENT ASSETS, INCLUDING SELECTION OF AN INVESTMENT FIRM, DETERMINATION OF INVESTMENT POLICY/STRATEGY, AND EXECUTION OF INVESTMENT DECISIONS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE FAES CONSISTS OF BOARD DIRECTORS, EX-OFFICIO MEMBERS AND ALL MEMBERS OF THE 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 FEDERAL FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, THE CONTROLLER, AND AUDIT COMMITTEE. COPIES OF THE FEDERAL 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 EVERY DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS ARE ASKED TO SIGN A STATEMENT ON AN ANNUAL BASIS WHICH AFFIRMS THAT HE/SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, READS AND UNDERSTANDS THE POLICY, AGREES TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT FAES IS A CHARITABLE ORGANIZATIONS WHO MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISHES ITS TAX-EXEMPT PURPOSE. TO ENSURE THAT FAES OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX, PERIODIC REVIEWS ARE CONDUCTED. IF THE BOARD OR COMMITTEE MEMBERS DETERMINE THAT A CONFLICT OF INTEREST EXISTS, THEY RECUSE THEMSELVES FROM THAT CONVERSATION. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES COMPENSATION FOR OFFICERS AND KEY EMPLOYEES BASED ON PERFORMANCE REVIEWS AND COMPARABLE DATA WHICH INCLUDES COMPENSATION SURVEYS, STUDIES, AND THE FORM 990 OF OTHER ORGANIZATIONS. THE PRESIDENT'S COMPENSATION FOR SUBSTANTIALLY PARTICIPATING IN THE MANAGEMENT OF THE ORGANIZATION AND ITS PROGRAMS IS APPROVED BY THE EXECUTIVE COMMITTEE AND PERMITTED IN THE FAES BY-LAWS. ANY OFFICER OR EMPLOYEE ON THE EXECUTIVE COMMITTEE IS RECUSED FROM THE DISCUSSIONS AND DECISIONS REGARDING THEIR OWN COMPENSATION. THE EXECUTIVE COMMITTEE ENSURES CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -119,846.