2022-10-24T09:07:13-05:00 2021-12-31 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2021-01-01 520700497 FEDERATION OF AMERICAN SOCIETIES FOR EXPERIMENTAL BIOLOGY FEDE 3016347000 PO BOX 2288 ROCKVILLE MD 20847 FRANK KRAUSE EXECUTIVE OFFICER 3016347000 2022-10-24 1 FRANK KRAUSE 999009999 AARON M FOX P01365820 2028224000 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z FASEB FRANK KRAUSE PO BOX 2288 ROCKVILLE MD 20847 16815022 0 X FASEB.ORG X 1912 DC TO ADVANCE HEALTH AND WELFARE BY PROMOTING PROGRESS AND EDUCATION IN BIOLOGICAL/BIOMEDICAL SCIENCES. 35 34 39 210 26470 19928 250576 2049903 5674171 5465495 1223872 4481083 102119 14572 7250738 12011053 333289 579568 0 0 5049203 4326025 0 15000 23530 3407914 3111595 8790406 8032188 -1539668 3978865 20321933 23764452 4412099 3476241 15909834 20288211 X THE FEDERATION OF AMERICAN SOCIETIES FOR EXPERIMENTAL BIOLOGY (FASEB) ADVANCES HEALTH AND WELFARE BY PROMOTING PROGRESS AND EDUCATION IN BIOLOGICAL AND BIOMEDICAL SCIENCES THROUGH SERVICE TO ITS MEMBER SOCIETIES AND COLLABORATIVE ADVOCACY. 0 0 1680821 362151 962285 SCIENCE RESEARCH CONFERENCES - THE FASEB SCIENCE RESEARCH CONFERENCES ARE A SERIES OF SCIENTIFIC CONFERENCES THAT PROMOTE DIALOGUE AMONG RESEARCHERS, MANY OF WHOM ARE INDIVIDUAL MEMBERS OF FASEB MEMBER SOCIETIES, IN THE BIOLOGICAL AND BIOMEDICAL SCIENCES TO SPUR INNOVATION AND EXCHANGE KNOWLEDGE. 1669680 500 422102 CORE FUNCTIONS - LEGISLATIVE AFFAIRS AND SCIENCE POLICY ACTIVITIES WITHIN THE OFFICE OF PUBLIC AFFAIRS (OPA) SUPPORT THE FEDERATION'S CORE COMPETENCY, ADVANCING RESEARCH FUNDING AND POLICIES THAT STIMULATE THE BIOLOGICAL AND BIOMEDICAL SCIENCES. THROUGH OPA'S IN-DEPTH POLICY ANALYSES, DEVELOPMENT AND EXECUTION OF LEGISLATIVE STRATEGIES, AND COMMUNICATION AND SUPPORT FOR ALL FASEB PUBLIC POLICY INITIATIVES, CORE FUNCTIONS PROVIDE THE MOST DIRECT BENEFIT TO MEMBER SOCIETIES AND THEIR INDIVIDUAL MEMBERS. 1006089 216917 2796096 FASEB JOURNALS - THE FASEB JOURNAL AND FASEB BIOADVANCES, FASEB'S FLAGSHIP JOURNALS, FEATURE TRANSDISCIPLINARY ORIGINAL RESEARCH THAT SUPPORTS THE FEDERATION'S STRATEGIC GOAL TO PROMOTE SCIENTIFIC PROGRESS AND EDUCATION IN THE BIOSCIENCES. 790124 MANAGEMENT SUPPORT SERVICES - TAILORED MANAGEMENT SERVICES ARE PROVIDED TO HELP MEET THE PRECISE NEEDS OF SCIENTIFIC SOCIETIES, FROM THEIR DAY-TO-DAY ADMINISTRATION TO LONG-TERM PLANNING, AS WELL AS MEET THE FEDERATION'S STRATEGIC GOAL OF HELPING TO FACILITATE THE MISSIONS OF SCIENTIFIC SOCIETIES. 218466 DIVERSITY, EQUITITY, ACCESSIBILITY AND INCLUSION (DEAI) PROGRAM - PROVIDES A SUITE OF OPPORTUNITIES FOR WORKING SCIENTISTS THROUGHOUT THE LIFE SCIENCES. USING A UNIQUE, MULTIFACETED APPROACH, FASEB'S DEAI PROGRAM SEEKS TO BUILD REPRESENTATIVE LEADERSHIP, FOSTER WORK ENVIRONMENTS WHERE RESEARCHERS CAN BRING THEIR WHOLE SELVES, AND ENGAGE WITH DIVERSE COMMUNITIES ACROSS THE LIFE SCIENCES. THE DEAI PROGRAM CONSISTS OF FOUR OPPORTUNITIES: CARES, LEAD, SEED, AND FRIENDS. CARES HELPS ALLEVIATE FINANCIAL BURDENS ASSOCIATED WITH CAREGIVING, ALLOWING MEMBERS TO PURSUE CRITICAL PROFESSIONAL DEVELOPMENT OPPORTUNITIES. LEAD IS A REVERSE MENTORING PROGRAM THAT PAIRS AN EARLY-CAREER MENTOR WITH A SENIOR-LEVEL MENTEE TO FOSTER EXCHANGE OF DIFFERENT PERSPECTIVES OF INDIVIDUAL, GROUP, AND BROADER CULTURAL VIEWS. SEED IS A COHORT PROGRAM FOCUSED ON DEVELOPING SKILLS CRITICAL TO HELPING PARTICIPANTS NAVIGATE KEY EDUCATIONAL AND PROFESSIONAL TRANSITIONS. 217875 DATAWORKS! - IS AN INITIATIVE THAT BRINGS THE BIOLOGICAL AND BIOMEDICAL RESEARCH COMMUNITIES TOGETHER TO ADVANCE HUMAN HEALTH THROUGH DATA SHARING AND REUSE. DATAWORKS! FEATURES FOUR COMPONENTS TO FOSTER THIS CULTURE CHANGE. DATAWORKS! SALONS PROVIDE CONVERSATION SPACES FOR BIOLOGICAL AND BIOMEDICAL RESEARCHERS TO EXCHANGE IDEAS AND DESIGN EFFECTIVE PRACTICES FOR DATA SHARING AND REUSE. THE DATAWORKS! PRIZE RECOGNIZES RESEARCH TEAMS FOR THEIR EFFORTS INTEGRATING DATA SHARING AND REUSE TO ADVANCE HUMAN HEALTH AND DISCOVERY. DATAWORKS! COMMUNITY ENABLES INDIVIDUAL RESEARCHERS AND RESEARCH TEAMS TO HONE SKILLS AND MENTOR PEERS IN DATA MANAGEMENT AND SHARING, WHILE THE DATAWORKS! HELP DESK PROVIDES GUIDANCE TO FOR THE RESEARCH COMMUNITY TO NAVIGATE AND ADOPT DATA SHARING AND REUSE POLICIES AND PRACTICES. 1226465 5583055 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 40 0 1 39 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 35 34 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X FRANK KRAUSE 3016347000 PO BOX 2288 ROCKVILLE MD 20847 FRANK J KRAUSE EXECUTIVE DIRECTOR/CEO, SE 37.50 X X 494887 0 66149 JENNIFER L ZEITZER DIRECTOR OF PUBLIC AFFAIRS 37.50 X 232825 0 35457 YVETTE SEGER DIR OF SCIENCE POL./DEPUTY DIR. O 37.50 X 195075 0 32687 ANDREA BAUERFEIND DIRECTOR OF OSMC 37.50 X 156847 0 49923 SUSAN SCHIAFFINO DIRECTOR OF HR 37.50 X 164051 0 26356 GLORIA PATNELLI SENIOR PAYROLL MANAGER 37.50 X 132440 0 23878 SALLY SCHWETTMANN DIR, GOVERANCE & LEADERSHIP DEV. 37.50 X 118441 0 20394 PATRICIA L MORRIS PHD PRESIDENT 5.00 X X 0 0 0 KEVIN C KREGEL PHD PRESIDENT ELECT 5.00 X X 0 0 0 LOUIS B JUSTEMENT PHD IMM. PAST PRESIDENT 5.00 X X 0 0 0 CHARLES W FREVERT DVM SCD TREASURER 5.00 X X 0 0 0 MARY-ANN BJORNSTI PHD VP FOR SCIENCE POLICY AS OF 7/1/22 5.00 X X 0 0 0 BETH A GARVY PHD VP-ELECT FOR SCIENCE POLICY 5.00 X X 0 0 0 MICHAEL ASCHNER PHD DIRECTOR 1.50 X 0 0 0 LEE-ANN H ALLEN PHD DIRECTOR 1.50 X 0 0 0 NICHOLAS AMBULOS PHD DIRECTOR 1.50 X 0 0 0 BETSY A BOVE PHD DIRECTOR 1.50 X 0 0 0 BRENDAN F BOYCE MB CHB DIRECTOR 1.50 X 0 0 0 RACHEL M BREWSTER PHD DIRECTOR 1.50 X 0 0 0 HOLLY BROWN-BORG PHD DIRECTOR 1.50 X 0 0 0 CHERIE L BUTTS PHD DIRECTOR 1.50 X 0 0 0 HANNAH V CAREY PHD DIRECTOR - UNTIL 6/2021 1.50 X 0 0 0 CHRISTINE P CURRAN PHD DIRECTOR 1.50 X 0 0 0 CATHERINE DAVIS PHD DIRECTOR 1.50 X 0 0 0 PHILIP E DAWSON PHD DIRECTOR 1.50 X 0 0 0 DIANE M DUFFY PHD DIRECTOR 1.50 X 0 0 0 WILLIAM B FARQUHAR PHD FACSM DIRECTOR - UNTIL 6/2021 1.50 X 0 0 0 NANCY FISHER PHD DIRECTOR - UNTIL 6/2021 1.50 X 0 0 0 KARYN HAMILTON PHD RD DIRECTOR 1.50 X 0 0 0 TALAT ALP IKIZLER MD DIRECTOR - UNTIL 6/2021 1.50 X 0 0 0 DENNIS JONES PHD DIRECTOR 1.50 X 0 0 0 VIJAY KALE BVSC MVSC PHD DABT ER DIRECTOR 1.50 X 0 0 0 ERIC E KELLEY PHD DIRECTOR 1.50 X 0 0 0 ELIZABETH J KOVACS PHD DIRECTOR 1.50 X 0 0 0 MICHAEL LEHMAN PHD FAAA DIRECTOR 1.50 X 0 0 0 ROBIN LORENZ MD PHD DIRECTOR 1.50 X 0 0 0 TERRY MAGNUSON PHD DIRECTOR - UNTIL 11/2021 1.50 X 0 0 0 PAMELA A MARINO PHD DIRECTOR 1.50 X 0 0 0 JOHN B MORRIS PHD DIRECTOR - UNTIL 6/2021 1.50 X 0 0 0 CHARLES A PARKOS MD PHD DIRECTOR 1.50 X 0 0 0 DIANE ROBINS PHD DIRECTOR 1.50 X 0 0 0 MICHAEL D SCHALLER PHD DIRECTOR 1.50 X 0 0 0 JEFFREY L SCHWARTZ PHD DIRECTOR 1.50 X 0 0 0 VIJAY SHIVASWAMY MBBS DIRECTOR 1.50 X 0 0 0 PAMELA STANLEY PHD DIRECTOR - UNTIL 6/2021 1.50 X 0 0 0 KELLY A TAPPENDEN PHD RD FASPEN DIRECTOR 1.50 X 0 0 0 ANDREA B TAYLOR PHD FAAAS FAAA DIRECTOR 1.50 X 0 0 0 BILL J YATES PHD DIRECTOR 1.50 X 0 0 0 1494566 0 254844 12 0 1 0 VIRTUAL LOGIC GROUP LLC 4362 HUNTLEY CT WOODBRIDGE VA 22192 TECHNOLOGY CONSULTANT 778624 MARCUM LLP 1899 L STREET NW SUITE 850 WASGHINGTON DC 20036 CONSULTING 760145 CADIUM CD LLC 19 NEWPORT DRIVE 101 FOREST HILL MD 21050 VIRTUAL EVENT HOSTING 536212 MIGHTY RED BARN LLC 16445 N BIG PICKEREL LANE BOX 37 TOWNSEND WI 54175 CONSULTING 190000 SHOWCARE EVENT SOLUTIONS 1200 G STREET NW 800 WASGHINGTON DC 20005 EVENT MANAGEMENT 152780 5 1725983 323920 2049903 PUBLICATIONS 511120 2796096 2796096 SOCIETY SERVICES 561000 1285012 26470 1258542 REGISTRATION 900099 962285 962285 MEMBERSHIP DUES 900099 422102 422102 5465495 213942 213942 13283 13283 5571110 3500000 4733969 70000 837141 3430000 4267141 4267141 MISCELLANEOUS 900099 1289 1289 1289 12011053 4180483 26470 5754197 X 432283 432283 147285 147285 829318 268282 561036 2722958 2365882 357076 246385 184524 61861 273057 211852 61205 254307 176827 77480 144000 144000 18447 1207 17240 672057 212693 459364 187370 187370 15000 15000 44982 44982 1116858 822646 288984 5228 64908 50620 14288 123016 50418 71658 940 432220 292615 137243 2362 76443 53264 23179 7651 5906 1745 421 421 77156 53649 23507 62695 62695 STAFF DEVELOPMENT 46878 34242 12636 DUES AND LICENSES 25904 24436 1468 OTHER FEES 7904 7054 850 BAD DEBT EXPENSE 2685 2685 8032188 5583055 2425603 23530 1514343 1271532 0 63088 1360002 1461594 454974 583923 437232 224237 137886 212995 15124589 18588026 575217 519765 1154922 1063529 20321933 23764452 549669 469482 1357322 1428816 477864 0 2027244 1577943 4412099 3476241 X 15885201 20162656 24633 125555 15909834 20288211 20321933 23764452 3978865 399512 0 X 0 1 X 1 0 X 2667067 2427575 1764802 250576 2049903 9159923 8708692 10330309 12744065 4095355 4180483 40058904 4777693 3708608 3251700 1563746 1258542 14560289 16153452 16466492 17760567 5909677 7488928 63779116 19707 19707 1183371 1112637 857978 1076183 527049 4757218 1183371 1112637 857978 1076183 546756 4776925 59002191 1847369 763287 297824 157851 227225 3293556 27370 15461 8025 15743 66599 1847369 790657 313285 165876 242968 3360155 448018 78106 57266 44607 1289 629286 18448839 17335255 18131118 6120160 7733185 67768557 0.87060 0.85050 0.04960 0.07020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 302255 302255 7743021 8045276 552264 138066 0 0 1000000 1000000 588673 552264 3140937 4711406 428552 294772 264395 302255 1289974 250000 250000 147168 138066 785234 1177851 20407 14037 12590 47034 437232 224237 212995 212995 CUSTODIAL FUNDS - MANAGED MEETINGS 518706 DEFERRED COMPENSATION 1059237 1577943 X 12491583 399512 126000 525512 11966071 44982 44982 12011053 8113206 126000 126000 7987206 44982 44982 8032188 PART X, LINE 2: THE FEDERATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2021 AND 2020, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 25609 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 85487 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 2958 NORTH AMERICA 0 0 GRANTMAKING 243112 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 1325 SOUTH AMERICA 0 0 GRANTMAKING 2842 SOUTH ASIA 0 0 GRANTMAKING 1018 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 300 0 0 0 0 0 0 362651 0 362651 TRAVEL REIMBURSEMENT FOR SCIENTIFIC MEETINGS EAST ASIA AND THE PACIFIC 93 37276 CHECK TRAVEL REIMBURSEMENT FOR SCIENTIFIC MEETINGS EUROPE (INCLUDING ICELAND & GREENLAND) 354 87987 CHECK TRAVEL REIMBURSEMENT FOR SCIENTIFIC MEETINGS MIDDLE EAST AND NORTH AFRICA 10 2958 CHECK TRAVEL REIMBURSEMENT FOR SCIENTIFIC MEETINGS NORTH AMERICA 51 13579 CHECK TRAVEL REIMBURSEMENT FOR SCIENTIFIC MEETINGS RUSSIA AND NEIGHBORING STATES 2 1325 CHECK TRAVEL REIMBURSEMENT FOR SCIENTIFIC MEETINGS SOUTH AMERICA 14 2842 CHECK TRAVEL REIMBURSEMENT FOR SCIENTIFIC MEETINGS SOUTH ASIA 4 1018 CHECK TRAVEL REIMBURSEMENT FOR SCIENTIFIC MEETINGS SUB-SAHARAN AFRICA 1 300 CHECK 0 0 0 0 0 0 PART I, LINE 2: AMOUNTS PAID ARE APPROVED BY THE RESPECTIVE DEPARTMENT HEADS IN CONFORMITY WITH FASEB'S NORMAL CASH DISBURSEMENT POLICIES AND PROCEDURES. PART I, LINE 3: FASEB REPORTED THE EXPENDITURES BASED ON THE ACCOUNTING METHOD USED IN ITS AUDITED FINANCIAL STATEMENTS WHICH IS ACCRUAL BASIS. PART III ACCOUNTING METHOD: 1 TRAVEL AWARDS & SPEAKER FEES 761 195789 AWARDS, HONORARIA & STIPENDS 157 236494 PART I, LINE 2: AMOUNTS PAID FOR CONTRIBUTIONS AND SIMILAR SUPPORT TO VARIOUS ORGANIZATIONS ARE APPROVED BY THE RESPECTIVE DEPARTMENT HEADS IN CONFORMITY WITH FASEB'S NORMAL CASH DISBURSEMENT POLICIES AND PROCEDURES. X 0 1 X X X X 0 0 0 0 0 0 0 1 0 FRANK J KRAUSE EXECUTIVE DIRECTOR/CEO, SE 471636 0 0 0 23251 0 29000 0 37149 0 561036 0 0 0 JENNIFER L ZEITZER DIRECTOR OF PUBLIC AFFAIRS 231682 0 0 0 1143 0 22842 0 12615 0 268282 0 0 0 YVETTE SEGER DIR OF SCIENCE POL./DEPUTY DIR. O 194078 0 0 0 997 0 19241 0 13446 0 227762 0 0 0 ANDREA BAUERFEIND DIRECTOR OF OSMC 156309 0 0 0 538 0 16615 0 33308 0 206770 0 0 0 SUSAN SCHIAFFINO DIRECTOR OF HR 157680 0 0 0 6371 0 15600 0 10756 0 190407 0 0 0 GLORIA PATNELLI SENIOR PAYROLL MANAGER 125883 0 4072 0 2485 0 12127 0 11751 0 156318 0 0 0 PART I, LINE 1A THE ORGANIZATION MAINTAINS A WRITTEN POLICY THAT PROHIBITS FIRST CLASS TRAVEL, BUT HAS MADE AN EXCEPTION IN CASES WHERE IT IS THE ONLY FLIGHT AVAILABLE. PART I, LINE 7 AN EMPLOYEE LISTED ON PART VII OF THE FORM 990 RECEIVED A BONUS PAYMENT OF $4,072 BASED ON THEIR PERFORMANCE. FORM 990, PART VI, SECTION A, LINE 1A FASEB HAS AN EXECUTIVE COMMITTEE CONSISTING OF THE PRESIDENT, PRESIDENT-ELECT, IMMEDIATE PAST PRESIDENT, TREASURER, VICE PRESIDENT FOR SCIENCE POLICY, AND SECRETARY. ADDITIONALLY, THE EXECUTIVE DIRECTOR IS A NON-VOTING MEMBER. THE EXECUTIVE COMMITTEE EXERCISES MANAGEMENT AUTHORITY OF THE BOARD OF DIRECTORS IN BETWEEN BOARD MEETINGS. THE EXECUTIVE COMMITTEE REPORTS TO THE BOARD OF DIRECTORS ON ITS ACTIONS. FORM 990, PART VI, SECTION A, LINE 3 FASEB OUTSOURCES THE ACCOUNTING AND CFO FUNCTIONS TO MARCUM LLP. FORM 990, PART VI, SECTION A, LINE 6 FASEB'S 29 MEMBER SOCIETIES ARE EACH 501(C)(3) OR 501(C)(6) PROFESSIONAL ASSOCIATIONS. SOCIETIES IN THE FIELD OF BIOLOGICAL SCIENCE MAY APPLY FOR MEMBERSHIP, AND MAY BE ADMITTED BY A THREE-FOURTHS MAJORITY VOTE OF ALL THE DIRECTORS OF THE FASEB BOARD. FORM 990, PART VI, SECTION A, LINE 7A EACH FASEB MEMBER SOCIETY APPOINTS ONE DIRECTOR TO REPRESENT THEIR SOCIETY ON THE FASEB BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE ONLY DECISION OF THE GOVERNING BODY THAT IS SUBJECT TO APPROVAL BY THE MEMBERS IS IF THE BOARD VOTES TO DISSOLVE FASEB. FORM 990, PART VI, SECTION B, LINE 11B THE FASEB 990 IS POSTED ON AN INTERNAL WEBSITE AND THE FASEB EXECUTIVE COMMITTEE AND BOARD MEMBERS ARE INFORMED THAT THE 990 IS AVAILABLE FOR REVIEW PRIOR TO SUBMISSION OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ARE PROVIDED THE CONFLICT OF INTEREST POLICY ANNUALLY. THEY MUST SIGN AND DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST. NEW BOARD MEMBERS ARE MADE AWARE OF THE CONFLICT OF INTEREST POLICY DURING AN ORIENTATION CONFERENCE CALL. INSTANCES OF POTENTIAL CONFLICT ARE DISCLOSED, DISCUSSED, AND RECORDED. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE THE COMPENSATION OF THE FASEB EXECUTIVE DIRECTOR AND OTHER EMPLOYEES, FASEB USES THE COMPARABLE COMPENSATION DATA AND PRESENTS THE SALARY SURVEY TO THE PRESIDENT, PRESIDENT-ELECT AND FORMER PRESIDENT OR SUPERVISOR OF THE EMPLOYEE. THE COMPENSATION OF THE FASEB EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE FASEB EXECUTIVE COMMITTEE OF THE BOARD. FASEB DOCUMENTS THE COMPENSATION DETAIL THAT WAS APPROVED AND WHO APPROVED THE NEW COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 FASEB'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 822,646. MANAGEMENT AND GENERAL EXPENSES 163,721. FUNDRAISING EXPENSES 5,228. TOTAL EXPENSES 991,595. TEMPORARY STAFFING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 280. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 280. PAYROLL PROCESSING AND HR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 124,983. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 124,983.