2019-04-03T15:59:43-05:00 2018-05-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2017-06-01 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 2019-03-27 1 IVY BECKHAM P01316131 5712279500 67.137.57.251 2019-03-27 06:00:33 ED P 117C9FDD72C608EEAC637569487DFDD6D3A36660 0514B758026FFB4303D1E4DFF3C58ED2768E19CE 2017 2019-02-21 02:37:17Z CHRISTINA FARIAS MBA 10 CENTER DRIVE 1N241-MSC 1115 BETHESDA MD 208921115 75929200 0 X WWW.FAES.ORG X 1959 MD TO PROMOTE THE PRODUCTIVITY AND ATTRACTIVENESS OF PROFESSIONAL LIFE AT THE NIH. 24 23 153 60 0 0 8 23667 27940755 30272970 870771 2282883 244231 -74151 29055765 32505369 182700 110513 0 0 3096325 2592674 0 0 0 29065619 29199543 32344644 31902730 -3288879 602639 32198786 32257058 4359382 4482790 27839404 27774268 X FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES, INC (FAES) IS A NON-PROFIT ORGANIZATION, LOCATED AT THE NATIONAL INSTITUTES OF HEALTH (HEREAFTER "NIH"), WHICH 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 29549544 28737433 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 FUNCTION AS STUDENTS, ALSO REFERRED TO AS FELLOWS, AND ARE THE PRIMARY MARKET THAT FAES SERVES. THIS PROGRAM PROVIDED HEALTH INSURANCE FOR 8,156 INDIVIDUALS DURING THE YEAR, INCLUDING EXCELLENT BENEFITS, AFFORDABLE ANNUAL MAXIMUMS, AND LOW OUT-OF POCKET EXPENSES. 831499 29018 970861 CONFERENCES AND TRAINING: FAES SUPPORTS EDUCATIONAL, CULTURAL, AND PROFESSIONAL INITIATIVES OF THE NIH AND ACTIVELY SEEKS OUT WAYS TO DO MORE TO FACILITATE A COLLEGIAL ENVIRONMENT. FAES HOSTED 2 CONFERENCES DURING THE YEAR.FAES ALSO OFFERS OVER 30 LAB TECHNIQUE TRAINING COURSES TAUGHT BY NIH SCIENTISTS AND OTHER LEADING BIOMEDICAL FIELD EXPERTS. TRAINING COURSES INCLUDE 2-5 DAY SESSIONS AND WEEKEND OFFERINGS. CONTINUING MEDICAL EDUCATION (CME) AND CONTINUING EDUCATION (CE) CREDITS ARE AVAILABLE. FAES HOSTED 52 TRAINING COURSES DURING THE YEAR. THE FAES BIOTECH PROGRAM ALSO OFFERS EDUCATIONAL PRODUCTS AND CELL KITS TO SUPPLEMENT TRAINING AND ENHANCE THE EDUCATION OF YOUNG SCIENTISTS. 817427 1175 612670 EDUCATION: THE GRADUATE SCHOOL HAS OVER 1,926 ENROLLMENTS PER YEAR STUDYING AREAS TO FILL THE GAP BETWEEN TRADITIONAL ACADEMIC PROGRAMS AND WORKING IN A WORLD-CLASS BIOMEDICAL RESEARCH ENVIRONMENT AT NIH. FAES OFFERS OVER 100 COURSES IN BIOCHEMISTRY, BIOINFORMATICS, BIOLOGY, CHEMISTRY, GENETICS, IMMUNOLOGY, MATHEMATICS, MEDICINE, MICROBIOLOGY, PHARMACOLOGY, PUBLIC HEALTH, STATISTICS, TECHNOLOGY TRANSFER, TOXICOLOGY, GRE PREP, MCAT REVIEW, ENGLISH AS A SECOND LANGUAGE (ESL), FRENCH, SPANISH, MINDFULNESS, AND MORE. ALL COURSES ARE AFFORDABLE, CONVENIENT AND RELEVANT. THE GRADUATE SCHOOL ALSO HAS TWO ADVANCED STUDIES PROGRAMS: TECHNOLOGY TRANSFER FROM WHICH THE CREDITS CAN BE TRANSFERRED INTO SEVERAL UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE MASTER DEGREE PROGRAMS AND PUBLIC HEALTH THAT COVERS EPIDEMIOLOGY, BIO-STATISTICS, ENVIRONMENTAL HEALTH SCIENCES, HEALTH POLICY AND MANAGEMENT, AND SOCIAL AND BEHAVIORAL SCIENCES. 466932 80320 18268 PROGRAM SUPPORT TO NIH: FUNDING, FOOD, AND ADMINISTRATIVE SUPPORT FOR A VARIETY OF PROGRAMS, ACTIVITIES AND EVENTS 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, THE FOUNDATION FOR THE NATIONAL INSTITUTES OF HEALTH (FNIH), CLASSICAL AND JAZZ MUSIC PERFORMANCES, NIH TAKE YOUR CHILD TO WORK DAY, WEDNESDAY AFTERNOON LECTURES (WALS), AND MORE. 81175 7090 BOOKSTORE: IN 2013 FAES OPENED A 20,000-SQUARE-FOOT RENOVATION IN THE HEART OF BUILDING #10'S FIRST FLOOR THAT ENCOMPASSES THE FAES ACADEMIC CLASSROOMS, A LARGE, SKY LIGHTED TERRACE, NEW ADMINISTRATIVE OFFICES, A FACULTY CLUB/DINING ROOM, A GRADUATE STUDENT LOUNGE, AND BOOKSTORE.FAES BOOKSTORE@NIH, THE MOST PUBLIC FACING ASPECT OF THE FAES ACADEMIC CENTER, HAS BEEN PROVIDING MEDICAL AND SCIENCE TEXTBOOK SERVICES TO NIH FOR OVER 50 YEARS. OUR LOCATION, JUST STEPS AWAY FROM MASUR AUDITORIUM AND THE FAES CLASSROOMS, IS IDEALLY LOCATED TO SUPPORT THE SPECIALIZED BOOK NEEDS OF THE FAES GRADUATE SCHOOL AND THE NIH SCIENTIFIC COMMUNITY.GIFT STORE: SUCCESSFULLY OPENED SECOND RETAIL LOCATION ON DECEMBER 7, 2015. RECEIVED TREMENDOUS POSITIVE FEEDBACK ON OUR CRC GIFT STORE FROM ALL SEGMENTS OF THE NIH COMMUNITY AND EXPANDED SELECTION OF QUALITY NIH IMPRINTED CLOTHING AND GIFTS. HELPED TO BUILD COMMUNITY WITH SEVERAL HIGH-PROFILE AUTHOR EVENTS. 548107 80320 25358 31746577 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 61 0 1 153 1 1 1 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CHRISTINA FARIAS 3015948985 10 CENTER DRIVE ROOM 1N241-MSC 1115 BETHESDA MD 208921115 SUSAN F LEITMAN MD PRESIDENT 5.00 X X 46000 0 0 HEINER WESTPHAL MD FIRST VICE PRESIDENT/VICE CHAIR 2.00 X X 0 0 0 JEFFREY KOPP MD SECOND VICE PRESIDENT/VICE CHAIR 2.00 X X 0 0 0 JOHN TED IBEX CPA TREASURER 2.00 X X 0 0 0 ALAN SCHECHTER MD SECRETARY 2.00 X X 0 0 0 BARBARA ALVING MD MACP DIRECTOR 1.00 X 0 0 0 IRA BERKOWER MD PHD DIRECTOR 1.00 X 0 0 0 ORNA COHEN-FIX PHD DIRECTOR 1.00 X 0 0 0 JULIE G DONALDSON PHD DIRECTOR 1.00 X 0 0 0 SUZANNE L EPSTEIN PHD DIRECTOR 1.00 X 0 0 0 NAOMI LYNN GERBER MD DIRECTOR 1.00 X 0 0 0 ALAN GOLDHAMMER PHD DIRECTOR 1.00 X 0 0 0 ALISA M GOLDSTEIN MD DIRECTOR 1.00 X 0 0 0 LYNN JOHNSON LANGER PHD MBA DIRECTOR 1.00 X 0 0 0 WARREN LEONARD MD DIRECTOR 1.00 X 0 0 0 DONALD R MATTISON MD DIRECTOR 1.00 X 0 0 0 EDWARD MAX MD PHD DIRECTOR 1.00 X 0 0 0 LOUIS MKANGANWI CPA CA EML DIRECTOR 1.00 X 0 0 0 KAREN SIBLEY PHD DIRECTOR 1.00 X 0 0 0 RICHARD SIEGEL MD PHD DIRECTOR 1.00 X 0 0 0 CAROL J THIELE PHD DIRECTOR 1.00 X 0 0 0 JOHN F TISDALE MD DIRECTOR 1.00 X 0 0 0 THOMAS A WYNN PHD DIRECTOR 1.00 X 0 0 0 LEEPO YU PHD DIRECTOR 1.00 X 0 0 0 CHRISTINA FARIAS MBA CEO/EXECUTIVE DIRECTOR 40.00 X 201282 0 38055 NICOLE LUNA CPA DIRECTOR OF ACCOUNTING/CONTROLLER 40.00 X 0 0 0 NIKKI COOPER UNTIL 112017 DIRECTOR OF ACCOUNTING/CONTROLLER 40.00 X 106527 0 31618 JAMES KUHLMAN DIRECTOR OF BUSINESS SERVICES 40.00 X 132796 0 27417 486605 0 97090 3 0 1 0 CORESOURCE 1280 NORTH PLUM STREET LANCASTER PA 17608 INSURANCE CLAIMS TPA 3205589 1 23667 23667 INSURANCE SUBSCRIPTIONS 524292 28737433 28737433 CONFERENCE REVENUE 611430 922867 922867 TUITION & SCHOOL FEES 611430 612670 612670 30272970 443356 443356 226765 374268 -147503 -147503 -147503 43998278 42140931 17820 1857347 -17820 1839527 1839527 949294 890812 58482 58482 MANAGEMENT FEE 900099 14228 14228 642 642 14870 32505369 30346322 0 2135380 79220 79220 31293 31293 406013 51529 354484 1591143 1042848 548295 106235 69022 37213 347251 29240 318011 142032 81604 60428 148745 51585 97160 41192 41192 91473 91473 403927 229716 174211 39942 19092 20850 291635 23340 268295 147207 71224 75983 7858 5770 2088 23869 21447 2422 352124 306876 45248 20289 20289 131377 70933 60444 67983 67983 INSURANCE HEALTH CLAIMS 27212569 27212569 BIOTECH 198336 198336 DUES & SUBSCRIPTIONS 10621 9522 1099 OVERHEAD ALLOCATION 0 2139031 -2139031 10396 2380 8016 31902730 31746577 156153 0 1113549 2530522 2538962 3042818 2606488 3001022 164084 162043 67050 64108 3233533 1851297 1626582 1382236 24032356 22037656 49715 36653 32198786 32257058 4090869 3990973 45691 139098 48028 65998 174794 286721 4359382 4482790 X 27668691 27591319 170713 182949 27839404 27774268 32198786 32257058 X 602639 -10948 -1017124 360297 X 0 1 X 1 0 X 0 1 X 740654 740654 1591110 1023205 567905 901769 828092 73677 1382236 SECURITY DEPOSITS 14235 DUE TO NIH 247761 CAPITAL LEASE OBLIGATION 24725 286721 X 33820701 -10948 61200 50252 33770449 -1265080 -1265080 32505369 32868713 61200 904783 965983 31902730 0 31902730 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, 2018 AND 2017, 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 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -374,268. COST OF GOODS SOLD -890,812. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 374,268. COST OF GOODS SOLD 890,812. FAVORABLE SETTLEMENT-HEALTH INSURANCE -304,931. BAD DEBT RECOVERY -55,366. 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 INSTITUTE OF HEALTH 9000 ROCKVILLE PIKE BETHESDA MD 20892 N/A 12045 TO BUILD A GIFT STORE ON B1 LEVEL OF BUILDING 10 NATIONAL INSTITUTE OF HEALTH 9000 ROCKVILLE PIKE BETHESDA MD 20892 N/A 55000 OITE HISTEP PROGRAM AND GENERAL SUPPORT 1 0 HONORARIA AND TRAVEL AWARDS 48 31293 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 MBA CEO/EXECUTIVE DIRECTOR 198282 0 3000 0 0 0 20524 0 17531 0 239337 0 0 0 JAMES KUHLMAN DIRECTOR OF BUSINESS SERVICES 132796 0 0 0 0 0 13244 0 14173 0 160213 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 FAES HAS AN EXECUTIVE COMMITTEE (EC), AUDIT COMMITTEE (AC), AND INVESTMENT COMMITTEE (IC). EXECUTIVE COMMITTEE IS COMPOSED OF THE FIVE OFFICERS OF THE GOVERNING BOARD. DECISIONS NEEDING BOARD GUIDANCE/INPUT, BUT NOT A FULL BOARD VOTE, SUCH AS, THE REVIEW AND APPROVAL OF CHIEF EXECUTIVE OFFICER'S SALARY. AUDIT COMMITTEE IS COMPOSED OF TREASURER AND MIX OF BOARD DIRECTORS AND OUTSIDE (NON-DIRECTOR AND NON-EMPLOYEE) MEMBERS WITH RELEVANT EXPERIENCE/EXPERTISE. IN FY2018, THE AC HAD 6 MEMBERS INCLUDING THE TREASURER, 1 DIRECTOR AND 4 OUTSIDE MEMBERS. AUDIT COMMITTEE OVERSEES THE AUDIT PROCESS, INCLUDING SELECTION OF AUDIT FIRM, REVIEW OF AUDIT FINDINGS, ETC. INVESTMENT COMMITTEE IS COMPOSED OF 3 BOARD DIRECTORS/OFFICERS (PRESIDENT, TREASURER, AND 1 VICE PRESIDENT) PLUS 2 OUTSIDE (NON-BOARD, NON-EMPLOYEE) MEMBERS ACTING AS ADVISORS, THESE ARE INVESTMENT PROFESSIONALS OR PEOPLE WITH EXPERIENCE IN INVESTING. INVESTMENT COMMITTEE OVERSEES INVESTMENTS, INCLUDING SELECTION OF 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 CAN VOTE TO ELECT BOARD MEMBERSHIP. 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 REQUIRED 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: FAVORABLE SETTLEMENT-HEALTH INSURANCE 304,931. WRITE-DOWN OF ALLOWANCE FOR DOUBTFUL ACCOUNTS 55,366.