2015-11-16T13:19:17-06:00 2014-12-31 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2014-01-01 520700497 FEDERATION OF AMERICAN SOCIETIES FOR EXPERIMENTAL BIOLOGY FEDE 3016347000 9650 ROCKVILLE PIKE BETHESDA MD 208143998 DR GUY C FOGLEMAN EXECUTIVE DIRECTOR 3016347000 2015-11-16 1 DEBORAH G KOSNETT P00290720 2022932200 2014 2016-04-25 22:37:26Z FASEB DR GUY C FOGLEMAN 9650 ROCKVILLE PIKE BETHESDA MD 208143998 31266483 0 X WWW.FASEB.ORG X 1912 DC TO ADVANCE HEALTH AND WELFARE BY PROMOTING PROGRESS AND EDUCATION IN BIOLOGICAL/BIOMEDICAL SCIENCES. 30 30 316 30 399239 0 2245871 3487862 13904320 14116640 1300784 999857 1688261 1899556 19139236 20503915 274947 21000 0 0 7649668 7974114 0 0 0 10674447 11585410 18599062 19580524 540174 923391 44042847 44477956 23559468 23173293 20483379 21304663 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 9301372 0 5240037 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. 6191801 0 7743758 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. 1823819 21000 1132845 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. 17316992 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 60 0 1 316 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 MARGARET K OFFERMANN MD PHD IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 JOSEPH R HAYWOOD PHD PRESIDENT 5.00 X X 0 0 0 MARK O LIVELY PHD TREASURER 5.00 X X 0 0 0 PETER A RUBENSTEIN PHD IMMEDIATE PAST VP FOR SCIENCE POLICY 5.00 X X 0 0 0 HUDSON H FREEZE PHD VP FOR SCIENCE POLICY 1.50 X X 0 0 0 SEAN H ADAMS PHD DIRECTOR 1.50 X 0 0 0 PARKER B ANTIN PHD PRESIDENT ELECT 5.00 X X 0 0 0 THOMAS O BALDWIN PHD VP ELECT FOR SCIENCE POLICY 5.00 X X 0 0 0 JUDITH A BLAKE PHD DIRECTOR 1.50 X 0 0 0 DAVID B BURR PHD DIRECTOR 1.50 X 0 0 0 BLANCHE CAPEL PHD DIRECTOR 1.50 X 0 0 0 HANNAH V CAREY PHD DIRECTOR 1.50 X 0 0 0 SYLVIA CHRISTAKOS PHD DIRECTOR 1.50 X 0 0 0 BRIAN M COX DIRECTOR 1.50 X 0 0 0 NANCY DENSLOW PHD DIRECTOR 1.50 X 0 0 0 ROBERT J FREISHTAT MD MPH DIRECTOR 1.50 X 0 0 0 DAVID P GOLDENBERG PHD DIRECTOR 1.50 X 0 0 0 HARRY ISCHIROPOULOS PHD DIRECTOR 1.50 X 0 0 0 URSULA KAISER MD DIRECTOR 1.50 X 0 0 0 ELLEN KRAIG PHD DIRECTOR 1.50 X 0 0 0 MAURICE MANNING PHD DIRECTOR 1.50 X 0 0 0 EDWARD RB MCCABE MD PHD DIRECTOR 1.50 X 0 0 0 PATRICIA MORRIS PHD DIRECTOR 1.50 X 0 0 0 JAMES M MUSSER MD PHD DIRECTOR 1.50 X 0 0 0 LAURA NIEDERNHOFER MD PHD DIRECTOR 1.50 X 0 0 0 CHESTER RAY PHD DIRECTOR 1.50 X 0 0 0 JASPER RINE PHD DIRECTOR 1.50 X 0 0 0 EDUARDO ROSA-MOLINAR 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 SCOTT I SIMON PHD DIRECTOR 1.50 X 0 0 0 BELEN TORNESI DVM MS DIRECTOR 1.50 X 0 0 0 GREGORY TSONGALIS PHD DIRECTOR 1.50 X 0 0 0 DR GUY FOGLEMAN EXECUTIVE DIRECTOR 37.50 X 372926 0 35183 DR HOWARD GARRISON DIRECTOR OF PUBLIC AFFAIRS 37.50 X 244861 0 48522 JENNIFER PESANELLI DEPUTY EXECUTIVE DIRECTOR FOR BUSINESS DEVELOPMENT 37.50 X 170734 0 35220 JENNIFER ZEITZER DEPUTY DIR OF OPA/DIR. LEGAL AFFAIRS 37.50 X 148359 0 22592 MARCELLA JACKSON DIRECTOR OSMC 37.50 X 138346 0 13730 MAUREEN WINEBRENNER DEPUTY EXECUTIVE DIRECTOR FOR ADMINISTRATION & DIR 37.50 X 146946 0 24012 RICHARD DUNN DIRECTOR OF CAMPUS SERVICES 37.50 X 133593 0 21503 1355765 0 200762 12 0 1 0 BREDE NATIONAL EXPOSITION SERVICES 6801 MID-CITIES AVENUE BELTSVILLE MD 20705 419456 ATLANTIC IMAGES & SOUND EVENT SERVICES 3101 BOARDWALK ATLANTIC CITY NJ 08401 297894 2 2411259 1076603 3487862 MEETINGS 900099 5240037 5240037 SOCIETY SERVICES 561000 5100716 315911 4784805 PUBLICATIONS 511120 2643042 2559714 83328 MEMBERSHIP DUES 900099 1132845 1132845 14116640 681541 681541 77812 77812 2681022 1303970 1377052 1377052 1377052 9776914 9458598 318316 318316 318316 MISCELLANEOUS 900099 444692 444692 444692 20503915 8932596 399239 7684218 6000 6000 15000 15000 706549 706549 5649991 4953405 696586 520209 455815 64394 627173 555598 71575 470192 388598 81594 153228 153228 130654 130654 69229 69229 913090 871145 41945 80437 71941 8496 915429 759583 155846 67466 147978 -80512 381598 145666 235932 2694527 2689071 5456 3994854 3962689 32165 420593 383185 37408 503416 465518 37898 120938 79211 41727 PUBLICATION PRODUCTION 709373 709373 0 HONORARIA 134500 134500 0 MISCELLANEOUS 103517 138194 -34677 TEMPORARY HELP 56777 53807 2970 135784 200061 -64277 19580524 17316992 2263532 0 548343 42327 1196119 1162573 322746 10000 927615 1145456 8500 0 547147 605150 31228367 14472632 17383245 16755735 19690727 21202264 3418405 3554451 44042847 44477956 954310 787583 859272 700739 14535000 14185000 2600000 2700000 4610886 4799971 23559468 23173293 X 20350683 21121661 108196 158502 24500 24500 20483379 21304663 44042847 44477956 X 923391 -1025 -101082 X X 0 1 X 1 1 1 X 3712937 3622872 4095697 3359116 3487862 18278484 7637979 7306034 7328993 7800957 8932596 39006559 4599429 4127951 4454866 4358202 4784805 22325253 15950345 15056857 15879556 15518275 17205263 79610296 0 573268 369800 500449 543800 1987317 573268 369800 500449 543800 1987317 77622979 3039790 3032305 3157150 3204496 3438627 15872368 16270 16270 3039790 3048575 3157150 3204496 3438627 15888638 101242 101242 119569 104987 71025 136696 446440 878717 19109704 18210419 19208973 18859467 21090330 96478893 0.80460 0.81220 0.16470 0.16540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21342 405493 426835 20130925 20557760 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 332704 332432 412707 426835 1504678 250000 250000 250000 250000 1000000 1500000 16635 16622 20635 21342 75234 24800 300 3 600 3 24500 25298 500 3 1000 1 24800 25797 2 500 1 25298 26223 122 500 48 25797 26583 232 500 92 26223 1.00000 0.00000 0 0 25457 25457 27316490 10970664 16345826 3886420 3501968 384452 16755735 INVESTMENTS HELD TO FUND DEFERRED COMPENSATION 1333069 AMOUNTS DUE FROM MEMBER SOCIETIES AND CUSTODIAL GRANTS 2221382 3554451 AMOUNTS HELD FOR CUSTODIAL FUNDS FROM MANAGED MEETINGS 1730119 AMOUNTS HELD FOR MEMBER SOCIETIES AND CUSTODIAL ACCOUNTS 101218 DEFERRED COMPENSATION 1333069 INTEREST RATE SWAP AGREEMENT 1397471 INTEREST RATE COLLAR AGREEMENT 238094 4799971 X 21705785 -1025 -101078 -102103 21807888 -1303973 -1303973 20503915 20884497 1303973 1303973 19580524 0 19580524 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 X, LINE 2: THE FEDERATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN. THEREFORE, MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN INCOME TAX POSITIONS. GENERALLY, INCOME TAX RETURNS RELATED TO THE CURRENT AND THREE PRIOR YEARS REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON THE FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 341,455. LOSS ON THE FAIR VALUE OF INTEREST RATE COLLAR AGREEMENT -442,533. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE NETTED AGAINST INCOME -1,303,973. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE NETTED AGAINST RENTAL INCOME 1,303,973. EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES SCIENTIFIC MEETING 128925 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES SCIENTIFIC MEETING 196574 0 0 0 0 0 0 325499 0 325499 TRAVEL AWARDS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 64 128925 CHECKS TRAVEL AWARDS CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 159 196574 CHECKS 0 0 0 0 0 0 1 AMHPS 507 CAPITOL COURT NE SUITE 200 WASHINGTON DC 20002 521431640 501C3 500 SPONSORSHIP OF CONGRESSIONAL RECEPTION AMERICAN ASSOCIATION FOR CANCER RESEARCH DEVELOPMENT 615 CHESTNUT STREET 17TH FLOOR PHILADELPHIA PA 19106 236251648 501C3 500 SUPPORT FOR HILL DAY ASSOCIATION OF AMERICAN UNIVERSITIES 1200 NEW YORK AVE NW SUITE 550 WASHINGTON DC 20005 521947112 501C3 2500 SPONSORSHIP OF GOLDEN GOOSE AWARD FOUNDATION FOR BIOMEDICAL RESEARCH 818 CONNECTICUT AVE NW SUITE 900 WASHINGTON DC 20006 042746997 501C3 2500 SPONSORSHIP OF 2014 DEBAKEY AWARDS 4 4 FASEB EXCELLENCE IN SCIENCE AWARD 1 10000 STAND UP FOR SCIENCE VIDEO CONTEST 1 5000 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. SCHEDULE I, PART III REPRESENTS AWARDS TO 3 RECPIENTS. A STUDENT COULD SPEND UP TO $3,000 TOWARDS SUPPLIES AND OTHER ITEMS. INVOICES WERE REQUIRED TO BE SUBMITTED BY VARIOUS VENDORS AND PAYMENTS WERE MADE DIRECTLY TO THOSE VENDORS FOR SUPPLIES PURCHASED TO BE USED IN STUDENT LABS. X 0 1 X X X X 0 0 0 0 0 0 0 0 0 DR GUY FOGLEMAN EXECUTIVE DIRECTOR 351350 0 0 0 21576 0 26000 0 12044 0 410970 0 0 0 DR HOWARD GARRISON DIRECTOR OF PUBLIC AFFAIRS 240672 0 0 0 4189 0 24868 0 25849 0 295578 0 0 0 JENNIFER PESANELLI DEPUTY EXECUTIVE DIRECTOR FOR BUSINE 162953 0 0 0 7781 0 17805 0 19209 0 207748 0 0 0 JENNIFER ZEITZER DEPUTY DIR OF OPA/DIR. LEGAL AFFAIRS 147884 0 0 0 475 0 14889 0 9203 0 172451 0 0 0 MARCELLA JACKSON DIRECTOR OSMC 137350 0 0 0 996 0 13730 0 1382 0 153458 0 0 0 MAUREEN WINEBRENNER DEPUTY EXECUTIVE DIRECTOR FOR ADMINI 146231 0 0 0 715 0 14920 0 10595 0 172461 0 0 0 RICHARD DUNN DIRECTOR OF CAMPUS SERVICES 131792 0 0 0 1801 0 13300 0 9544 0 156437 0 0 0 A MARYLAND ECONOMIC DEVELOPMENT CORPORATION 521376562 2010-12-28 15500000 REFUNDING OF 2008 BONDS AND FUNDING FOR FASEB FACILITY IMPROVEMENTS 0 0 0 A 350000 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 -101,082. FORM 990, PART XII, LINE 2C: THE AUDIT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.