2020-11-11T06:46:06-06:00 2020-05-31 410746749 CLIFTONLARSONALLEN LLP 801 CHERRY ST SUITE 1400 FORT WORTH TX 76102 990 2019-06-01 520743814 FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES INC FOUN 3015948985 10 CENTER DRIVE RM 1N241-MSC 1115 BETHESDA MD 208921115 CHRISTINA FARIAS MBA CEO/EXECUTIVE DIRECTOR 3015948985 2020-11-10 1 MICHAELA J CROMAR CPA P00895728 8178775000 2020-11-10 108.48.156.67 2020-11-10 14:16:56 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 87826B80F82B7742AC94E6ED7EC5993094E974B0 2019 2021-01-29 14:40:06Z CHRISTINA FARIAS MBA 10 CENTER DRIVE RM 1N241-MSC 1115 BETHESDA MD 208921115 57985509 0 X WWW.FAES.ORG X 1959 MD PROMOTE THE PRODUCTIVITY & ATTRACTIVENESS OF PROFESSIONAL LIFE AT THE NIH. 22 21 45 60 0 0 36087 8027 34901332 36565635 731236 200540 -59395 -302152 35609260 36472050 288467 411306 0 0 2662254 3133476 0 0 0 27314298 25372532 30265019 28917314 5344241 7554736 35573437 43726141 3594846 4006210 31978591 39719931 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 24785125 0 34703462 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 OVER 8,000 INDIVIDUALS DURING THE YEAR, INCLUDING EXCELLENT BENEFITS, AFFORDABLE ANNUAL MAXIMUMS, AND LOW OUT-OF POCKET EXPENSES. 2162328 33778 1671840 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 2,002 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, 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 38 TRAINING COURSES WITH A TOTAL OF 859 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 3 CONFERENCES IN COLLABORATION WITH VARIOUS INSTITUTES AT NIH DURING THE YEAR. 70173 -117690 RETAIL: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, AND THE B1GIFTSTORE@NIH, LOCATED ON THE B1 LEVEL OF BUILDING 10, EXPAND THE SELECTION OF QUALITY NIH IMPRINTED CLOTHING AND GIFTS FOR NIH EMPLOYEES, PATIENTS, AND VISITORS. 981087 377528 135344 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, SYMPOSIA, SUPPORT FOR THE NIH ANNUAL RESEARCH FESTIVAL, CLASSICAL AND JAZZ MUSIC PERFORMANCES, WEDNESDAY AFTERNOON LECTURES (WALS), ADMINISTRATION OF MEMORIALS, AND MORE. FAES ALSO PROVIDED LOW COST HOUSING TO 44 NIH FELLOWS DURING THE YEAR. 981087 377528 135344 27998713 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 1 168 0 1 45 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 21 1 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 CHRISTINA FARIAS CEO/EXECUTIVE DIRECTOR 40.00 X 233910 0 39598 LYNN JOHNSON LANGER EXECUTIVE DEAN OF ACADEMIC PROGRAMS 40.00 X 153789 0 16008 NICOLE LUNA DIRECTOR OF ACCOUNTING/CONTROLLER 40.00 X 153572 0 35414 JAMES KUHLMAN DIRECTOR OF BUSINESS SERVICES 40.00 X 150916 0 30742 JONATHAN LOGAN ASSISTANT CONTROLLER 40.00 X 108032 0 25600 MELINDA MARIS ASSISTANT DEAN 40.00 X 105526 0 15465 SUSAN F LEITMAN PRESIDENT 5.00 X X 36000 0 0 BARBARA ALVING 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 JOHN IBEX TREASURER 2.00 X X 0 0 0 ALAN SCHECHTER SECRETARY 2.00 X X 0 0 0 JENNIFER CATALANO DIRECTOR 1.00 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, UNTIL JUNE 2019 1.00 X 0 0 0 SUZANNE L EPSTEIN DIRECTOR, UNTIL JUNE 2019 1.00 X 0 0 0 NAOMI LYNN GERBER DIRECTOR, UNTIL JUNE 2019 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 JOSHUA FARBER DIRECTOR 1.00 X 0 0 0 MARITA HOPMANN DIRECTOR 1.00 X 0 0 0 DENNIS KLINMAN DIRECTOR 1.00 X 0 0 0 JEFFREY KOPP DIRECTOR 1.00 X 0 0 0 DONALD R MATTISON DIRECTOR 1.00 X 0 0 0 GERALD MCLAUGHLIN DIRECTOR 1.00 X 0 0 0 LOUIS MKANGANWI DIRECTOR 1.00 X 0 0 0 YOSUKE MUKOUYAMA 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, UNTIL APRIL 2020 1.00 X 0 0 0 MARGARET THOMAS DIRECTOR 1.00 X 0 0 0 JOHN F TISDALE DIRECTOR, UNTIL JUNE 2019 1.00 X 0 0 0 LEEPO YU DIRECTOR, UNTIL APRIL 2020 1.00 X 0 0 0 THOMAS A WYNN DIRECTOR, UNTIL JUNE 2019 1.00 X 0 0 0 941745 0 162827 6 0 1 0 TRUSTMARK HEALTH BENEFITS INC 62707 COLLECTION CENTER DRIVE CHICAGO IL 60693 INSURANCE CLAIMS TPA 3587738 LANDIVAR & ASSOCIATES LLC 2350 DUKE ST STE B ALEXANDRIA VA 22314 CONSTRUCTION 363748 INFORMATICS LLC 2603 HARRIS AVE SILVER SPRING MD 20902 WORKSHOP INSTRUCTION 202202 3 8027 8027 INSURANCE SUBSCRIPTIONS 524292 34703462 34703462 CONFERENCE REVENUE 611430 1004727 1004727 TUITION & SCHOOL FEES 611430 666813 666813 NIH TRAINEE OCCUPANCY FEES 531110 190633 190633 36565635 666196 666196 56640 246352 -189712 -189712 -189712 19855082 20260499 60239 -405417 -60239 -465656 -60239 -405417 828979 946369 -117390 -117390 MANAGEMENT FEE 900099 4167 4167 MISCELLANEOUS REVENUE 900099 783 783 4950 36472050 36392956 0 71067 377528 377528 33778 33778 883153 336444 546709 1717488 1147750 569738 106803 68181 38622 259847 153218 106629 166185 102603 63582 108672 50578 58094 37846 37846 121869 121869 245354 179308 66046 26340 26340 144636 77995 66641 173879 131591 42288 233973 227864 6109 29304 26426 2878 835586 775688 59898 6219 215 6004 67850 54263 13587 95486 95486 INSURANCE PROGRAM COSTS 23244132 23244132 MISCELLANEOUS 1386 685 701 OVERHEAD ALLOCATION 0 1010466 -1010466 28917314 27998713 918601 0 6571653 12767068 1030741 2560396 3321251 3196822 124882 273016 135106 113806 3351977 1881794 1373235 1470183 22979916 23219497 36653 125353 35573437 43726141 3276369 3727590 206031 209348 65998 63068 46448 6204 3594846 4006210 X 31792990 39534636 185601 185295 31978591 39719931 35573437 43726141 X 7554736 194871 -8267 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 740654 740654 1787347 1116250 671097 823976 765544 58432 1470183 SECURITY DEPOSITS 100 DUE TO NIH 6104 6204 X 37802705 194871 64932 -121869 137934 37664771 -1192721 -1192721 36472050 30061365 64932 1200988 1265920 28795445 121869 121869 28917314 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, 2020 AND 2019, AS FAES HAS NO MATERIAL NET UNRELATED BUSINESS INCOME. FAES ADOPTED 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, 2020 AND 2019, 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 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES -121,869. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -246,352. COST OF GOODS SOLD -946,369. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 246,352. COST OF GOODS SOLD 946,369. BAD DEBT 8,267. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 121,869. 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 NATIONAL INSTITUTES OF HEALTH 9000 ROCKVILLE PIKE BETHESDA MD 20892 N/A 372528 TO BUILD A GIFT STORE ON B1 LEVEL OF BUILDING 10 AND GENERAL SUPPORT 1 HONORARIA, SCHOLARSHIPS, AND TRAVEL AWARDS 67 33778 PART I, LINE 2: FAES PROVIDES VARIOUS HONORARIA, SCHOLARSHIPS, AND TRAVEL AWARDS THROUGHOUT THE YEAR. AMOUNTS OF THIS ASSISTANCE RANGE FROM $50 TO $2,000, WITH MOST AWARDS IN THE $50 TO $500 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 1 0 CHRISTINA FARIAS CEO/EXECUTIVE DIRECTOR 230019 0 3700 0 191 0 23372 0 16226 0 273508 0 0 0 LYNN JOHNSON LANGER EXECUTIVE DEAN OF ACADEMIC PROGRAMS 149981 0 3000 0 808 0 0 0 16008 0 169797 0 0 0 NICOLE LUNA DIRECTOR OF ACCOUNTING/CONTROLLER 150463 0 3000 0 109 0 13157 0 22257 0 188986 0 0 0 JAMES KUHLMAN DIRECTOR OF BUSINESS SERVICES 145548 0 3000 0 2368 0 14855 0 15887 0 181658 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 REVENUES OR NET EARNINGS. 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 FY2020, THE AC HAD 5 VOTING MEMBERS INCLUDING THE TREASURER, 1 DIRECTOR AND 3 OUTSIDE MEMBERS AND 3 NON-VOTING MEMBERS INCLUDING THE PRESIDENT, CEO, AND CONTROLLER. 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 HAD 5 VOTING MEMBERS INCLUDING THE TREASURER, 3 BOARD DIRECTORS, AND 1 OUTSIDE MEMBER WITH RELEVANT EXPERIENCE/EXPERTISE AND 3 NON-VOTING MEMBERS INCLUDING THE PRESIDENT, CEO AND CONTROLLER. 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 2 TWO BOARD MEMBERS ARE MARRIED TO EACHOTHER. 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 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 -8,267. PART XIII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.