2016-11-15T09:09:29-06:00 2015-12-31 521855942 Tate and Tryon 2021 L Street NW Suite 400 Washington DC 20036 990 2015-01-01 520700497 FEDERATION OF AMERICAN SOCIETIES FOR EXPERIMENTAL BIOLOGY FEDE 3016347000 9650 ROCKVILLE PIKE BETHESDA MD 208143998 david m rocke Treasurer 3016347000 2016-11-15 1 Deborah G Kosnett P00290720 2022932200 2016-11-11 2015 2017-02-10 21:41:12Z FASEB john barnes 9650 ROCKVILLE PIKE BETHESDA MD 208143998 37508703 0 X WWW.FASEB.ORG X 1912 DC TO ADVANCE HEALTH AND WELFARE BY PROMOTING PROGRESS AND EDUCATION IN BIOLOGICAL/BIOMEDICAL SCIENCES. 30 30 98 250 324006 0 3487862 3041104 14116640 14458580 999857 823657 1899556 1983131 20503915 20306472 21000 1879751 0 0 7974114 8423548 0 0 0 11585410 9230059 19580524 19533358 923391 773114 44477956 41467890 23173293 20276028 21304663 21191862 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 9321460 1862594 5585053 A. PROGRAM SERVICES - PROGRAM SERVICES CONSIST OF SCIENCE RESEARCH CONFERENCES, CAREER RESOURCE SERVICES, THE FASEB JOURNAL, AND TWO NIH-FUNDED PROGRAMS TO FACILITATE MAXIMIZING ACCESS TO RESEARCH CAREERS (MARC). THE SCIENCE RESEARCH CONFERENCES AND THE FASEB JOURNAL PROVIDE AN IMPORTANT MEANS OF DISSEMINATING RESEARCH RESULTS TO A BROAD AUDIENCE, ADVANCING SCIENCE, AND SUPPORTING THE WORK OF MEMBER SOCIETIES. 5716662 7761225 CAMPUS & SOCIETY SUPPORT SERVICES - PROVIDING MANAGEMENT SUPPORT SERVICES TO MEMBER SOCIETIES WAS THE REASON THE FEDERATION WAS FOUNDED; MANY OF THE FASEB SOCIETIES AND TENANTS VALUE AND UTILIZE THESE SERVICES REGULARLY. THE FEDERATION PROVIDES THESE SERVICES DIRECTLY WITHIN THEIR CAMPUS SETTING, CUSTOMIZED TO THE INDIVIDUAL NEEDS OF EACH USER. 2057140 17157 1112302 CORE FUNCTIONS - CORE FUNCTIONS ARE COMPRISED OF THE OFFICE OF PUBLIC AFFAIRS, THE FASEB BOARD, VARIOUS POLICY AND LEADERSHIP COMMITTEES, AND THE FASEB MEMBERSHIP DIRECTORY. THESE DEPARTMENT AND LEADERSHIP ACTIVITIES PRIMARILY SUPPORT THE FEDERATION'S CORE COMPETENCY, WHICH IS ADVOCACY ON BEHALF OF INVESTIGATORS IN THE BIOMEDICAL AND RELATED LIFE SCIENCES. THESE EFFORTS PROVIDE THE MOST DIRECT BENEFIT BOTH TO THE FASEB SOCIETIES AND TO THE INDIVIDUAL MEMBERS OF THE DIFFERENT SOCIETIES REPRESENTED BY THE FEDERATION. 17095262 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 1 0 1 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 0 0 1 58 0 1 98 1 1 1 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X DEBORAH DIDDLE director of finance 3016347083 9650 ROCKVILLE PIKE BETHESDA MD 208143998 PARKER B ANTIN PHD PRESIDENT 5.00 X X 0 0 0 JOSEPH R HAYWOOD PHD IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 HUDSON H FREEZE PHD PRESIDENT-ELECT 5.00 X X 0 0 0 THOMAS O BALDWIN PHD VP PRESIDENT FOR SCIENCE POLICY 5.00 X X 0 0 0 Mark O Lively PhD TREASURER 5.00 X X 0 0 0 David M Rocke PhD Treasurer-Elect 1.50 X X 0 0 0 Scott I Simon PhD VP-ELECT FOR SCIENCE POLICY 1.50 X X 0 0 0 DAVID B BURR PHD DIRECTOR 1.50 X 0 0 0 ELLEN KRAIG PHD DIRECTOR 1.50 X 0 0 0 CHESTER RAY PHD DIRECTOR 1.50 X 0 0 0 ROBERT J FREISHTAT MD MPH DIRECTOR 1.50 X 0 0 0 Hannah V Carey PhD DIRECTOR 1.50 X 0 0 0 C Robert Matthews PhD DIRECTOR 1.50 X 0 0 0 Roberto Civitelli MD DIRECTOR 1.50 X 0 0 0 LAURA NIEDERNHOFER MD PHD DIRECTOR 1.50 X 0 0 0 EDWARD RB MCCABE MD PHD DIRECTOR 1.50 X 0 0 0 JAMES M MUSSER MD PHD DIRECTOR 1.50 X 0 0 0 Sean H Adams PhD DIRECTOR 1.50 X 0 0 0 Sheenah M Mische PhD DIRECTOR 1.50 X 0 0 0 GREGORY TSONGALIS PHD DIRECTOR 1.50 X 0 0 0 URSULA KAISER MD DIRECTOR 1.50 X 0 0 0 JASPER RINE PHD DIRECTOR 1.50 X 0 0 0 Charles W Frevert DVM DIRECTOR 1.50 X 0 0 0 Harel Weinstein DSc DIRECTOR 1.50 X 0 0 0 DAVID P GOLDENBERG PHD DIRECTOR 1.50 X 0 0 0 BLANCHE CAPEL PHD DIRECTOR 1.50 X 0 0 0 HARRY ISCHIROPOULOS PHD DIRECTOR 1.50 X 0 0 0 RONALD L SCHNAAR PHD DIRECTOR 1.50 X 0 0 0 JOHN R SCHREIBER MD MPH DIRECTOR 1.50 X 0 0 0 PATRICIA MORRIS PHD DIRECTOR 1.50 X 0 0 0 BELEN TORNESI DVM MS DIRECTOR 1.50 X 0 0 0 Brian M Cox Director (1/1/15-6/30/15) 1.50 X 0 0 0 DR GUY FOGLEMAN EXECUTIVE DIRECTOR and Secretary 37.50 X 388322 0 30882 DR HOWARD GARRISON DIRECTOR OF PUBLIC AFFAIRS 37.50 X 260548 0 49864 Jennifer Pesanelli Deputy Exec Dir. For Operations 37.50 X 186945 0 34978 Jennifer Zeitzer Deputy Dir. OPA/Dir Legislative Affairs 37.50 X 161265 0 23883 Deborah Diddle Director. Of Financial Servies 37.50 X 150177 0 24903 Maureen Winebrenner Deputy Admin/HR Director 37.50 X 152215 0 24473 Richard Dunn Director of Campus Services 37.50 X 136996 0 21877 1436468 0 210860 19 0 1 0 Brede National Exposition Services 6801 Mid-Cities Avenue Beltsville MD 20705 Event Services 468502 Dartmouth Journal Services P O Box 842371 Boston MA 022842371 Publication Services 334927 Atlantic Images and Sound Event Services 3101 Boardwalk Atlantic city NJ 08401 Event Services 248719 Shamrock Clean 10540 Belcher Road Largo FL 33777 Cleaning Svc and Supplies 163689 Federal Science Partners 1201 New York Ave NW Washington DC 20005 Consulting Services 156000 12 1803289 1237815 3041104 MEETINGS 900099 5585053 5585053 SOCIETY SERVICES 561000 4926907 238100 4688807 PUBLICATIONS 511120 2834318 2748412 85906 MEMBERSHIP DUES 900099 1112302 1112302 14458580 429585 429585 74324 74324 2726069 1293130 1432939 1432939 1432939 16303173 15909101 394072 394072 394072 MISCELLANEOUS 900099 475868 475868 475868 20306472 9445767 324006 7495595 17157 17157 1794722 1794722 67872 67872 734632 578474 156158 5991852 4696299 1295553 559204 445582 113622 648256 547212 101044 489604 401509 88095 129297 129297 144000 144000 70240 70240 658536 625185 33351 106773 98453 8320 818566 661441 157125 68111 151200 -83089 374444 131303 243141 478691 473010 5681 4230732 4195173 35559 387269 368605 18664 493841 461034 32807 124790 84045 40745 PUBLICATION PRODUCTION 644891 644891 MISCELLANEOUS 175878 138944 36934 HONORARIA 140687 140687 PROFESSIONAL DEVELOPMEN 49708 33422 16286 133605 195042 -61437 19533358 17095262 2438096 0 42327 1162573 890661 10000 153328 1145456 701976 605150 708912 31341486 15252299 16755735 16089187 21202264 19837253 3554451 3086573 44477956 41467890 787583 904172 700739 806805 14185000 13820000 2700000 4799971 4745051 23173293 20276028 X 21121661 20949780 158502 217582 24500 24500 21304663 21191862 44477956 41467890 X 773114 -1116734 230819 X X 0 1 X 1 1 1 X 3622872 4095697 3359116 3487862 3041104 17606651 7306034 7328993 7800957 8932596 9445767 40814347 4127951 4454866 4358202 4784805 3229978 20955802 15056857 15879556 15518275 17205263 15716849 79376800 0 573268 369800 500449 543800 721340 2708657 573268 369800 500449 543800 721340 2708657 76668143 3032305 3157150 3204496 3438627 3657904 16490482 16270 16270 3048575 3157150 3204496 3438627 3657904 16506752 101242 101242 104987 71025 136696 446440 475868 1235016 18210419 19208973 18859467 21090330 19850621 97219810 0.78860 0.80460 0.16980 0.16470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23663 449589 473252 20053868 20527120 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 332432 412707 426835 473252 1645226 250000 250000 250000 250000 1000000 1500000 16622 20635 21342 23663 82262 24500 2 24502 24800 300 3 600 3 24500 25298 500 3 1000 1 24800 25797 2 500 1 25298 26223 122 500 48 25797 0.99990 0.00010 0 0 25457 25457 27429609 11669104 15760505 3886420 3583195 303225 16089187 INVESTMENTS HELD TO FUND DEFERRED COMPENSATION 1363093 AMOUNTS DUE FROM MEMBER SOCIETIES AND CUSTODIAL GRANTS 1723480 3086573 AMOUNTS HELD FOR CUSTODIAL FUNDS FROM MANAGED MEETINGS 1880772 AMOUNTS HELD FOR MEMBER SOCIETIES AND CUSTODIAL ACCOUNTS 96440 DEFERRED COMPENSATION 1363093 INTEREST RATE SWAP AGREEMENT 1037813 INTEREST RATE COLLAR AGREEMENT 366933 4745051 20713687 -1116734 230819 -885915 21599602 -1293130 -1293130 20306472 20826488 1293130 1293130 19533358 0 19533358 Part V, Line 4: THE FEDERATION'S ENDOWMENT CONSISTS OF TWO DONOR-RESTRICTED FUNDS TO BE HELD IN PERPETUITY. (1) THE GREGORY PINCUS MEMORIAL FUND WAS ESTABLISHED IN 1976 TO PROVIDE FUNDS TO SUBSIDIZE THE COSTS OF TRAVEL, REGISTRATION, AND SUBSISTENCE FOR YOUNG GRADUATE STUDENTS PREPARING FOR CAREERS IN BIOLOGY AND MEDICINE TO ATTEND THE EXPERIMENTAL BIOLOGY ANNUAL MEETING OR OTHER SCIENTIFIC CONFERENCES. (2) THE WELLS ENDOWED PROGRAM FOR INITIATIVES IN PUBLIC AFFAIRS WAS ESTABLISHED IN 2004 TO PROVIDE FUNDING FOR ANY AND ALL DISCRETIONARY PURPOSES SUPPORTING THE FEDERATION'S OFFICE OF PUBLIC AFFAIRS (OPA). THE EARNINGS FROM THIS ENDOWMENT ARE TO BE USED AT THE SOLE DISCRETION OF THE DIRECTOR OF THE OPA. Part XI, Line 2d - Other Adjustments: gain on the fair value of interest rate swap agreement 359,658. LOSS ON THE FAIR VALUE OF INTEREST RATE COLLAR AGREEMENT -128,839. Part XI, Line 4b - Other Adjustments: rental expense netted against income -1,293,130. Part XII, Line 2d - Other Adjustments: rental expense netted against rental income 1,293,130. 0 North America 0 0 GRANTS TO RECIPIENTS IN THE REGION Travel reimbursement for scientific meeting 12121 Europe (Including Iceland & Greenland) 0 0 GRANTS TO RECIPIENTS IN THE REGION Travel reimbursement for scientific meeting 55751 0 0 0 0 0 0 67872 0 67872 Travel reimbursement for scientific meeting North America 10 12121 Check Travel reimbursement for scientific meeting Europe (Including Iceland & Greenland) 66 55751 Check 0 0 0 0 0 0 1 Travel Awards 1639 1643935 Awards, Honoraria and Stipends 9 150787 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 0 0 DR GUY FOGLEMAN EXECUTIVE DIRECTOR and Secretary 364065 0 0 0 24257 0 26500 0 7249 0 422071 0 0 0 DR HOWARD GARRISON DIRECTOR OF PUBLIC AFFAIRS 253339 0 0 0 7209 0 26160 0 25853 0 312561 0 0 0 Jennifer Pesanelli Deputy Exec Dir. For Operations 176732 0 0 0 10213 0 18720 0 20643 0 226308 0 0 0 Jennifer Zeitzer Deputy Dir. OPA/Dir Legislative Affa 160743 0 0 0 522 0 16180 0 9333 0 186778 0 0 0 Deborah Diddle Director. Of Financial Servies 146193 0 0 0 3984 0 14950 0 11205 0 176332 0 0 0 Maureen Winebrenner Deputy Admin/HR Director 151081 0 0 0 1134 0 15380 0 10642 0 178237 0 0 0 Richard Dunn Director of Campus Services 135138 0 0 0 1858 0 13670 0 9585 0 160251 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. A MARYLAND ECONOMIC DEVELOPMENT CORPORATION 521376562 2010-12-28 15500000 REFUNDING OF 2008 BONDS AND FUNDING FOR FASEB FACILITY IMPROVEMENTS 0 0 0 A 365000 864706 2011 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 1 1 1 1 WELLS FARGO 3.500000000000 0 0 0 0 1 A 1 Date Rebate Computation Performed Issuer Name: MARYLAND ECONOMIC DEVELOPMENT CORPORATION Date the Rebate Computation was Performed: 12/28/2010 FORM 990, SCHEDULE K The issuer has delegated to the conduit borrower any post-issuance compliance obligations under the Internal Revenue Code. The conduit borrower has agreed to certain record keeping obligations and monitoring obligations with respect to use of bond proceeds, private use and arbitrage rebate. In addition, the conduit borrower regularly consults with bond counsel with regard to its post-issuance compliance obligations. SCHEDULE K, PART IV, LINE 2C SERIES 2008 (12/28/2010) - SERIES 2010 - NO REBATE WAS NECESSARY AS TOTAL OF $21.61 WAS EARNED ON THE BALANCE OF $720,823 THAT WAS SPENT BY MAY OF 2011. SCHEDULE K, PART IV, LINE 7 ALL PROCEEDS WERE DISTRIBUTED BY MAY 2011. ARBITRAGE AND REBATE CALCULATIONS WERE PROVIDED BY AN INDEPENDENT FIRM THROUGH 12/28/2010. SINCE THERE WAS NO REBATE DUE, THE REMAINING FUNDS WERE DISPERSED BY MAY 2011. EARNINGS AMOUNT TO $22 ON A BALANCE TO DISPERSE OF $864,685. BASED UPON THESE FINDINGS, THE NEED TO PROVIDE ANOTHER COSTLY CALCULATION BY THE INDEPENDENT FIRM AS OF MAY 2011 WAS NOT NECESSARY. Form 990, Part VI, Section A, line 1 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 6 FASEB'S 27 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 11 THE FASEB 990 IS POSTED ON AN INTERNAL WEBSITE "FASEB ARCHIVES 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 15a THE COMPENSATION OF THE FASEB EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE FASEB EXECUTIVE COMMITTEE OF THE BOARD. THE FASEB DEPUTY EXECUTIVE DIRECTOR FOR ADMINISTRATION PROVIDES COMPARABLE COMPENSATION DATA TO THE FASEB PRESIDENT. THE FASEB PRESIDENT PROVIDES THE DEPUTY EXECUTIVE DIRECTOR FOR ADMINISTRATION WITH DOCUMENTATION DETAILING THE COMPENSATION 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 XI, line 9: Change in value of Derivatives 230,819. Form 990, Part XII, Line 2c: THE AUDIT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.