2014-11-10T11:36:13-06:00 2013-12-31 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2013-01-01 520700497 FEDERATION OF AMERICAN SOCIETIES FOR EXPERIMENTAL BIOLOGY FEDE 3016347000 9650 ROCKVILLE PIKE BETHESDA MD 208143998 DR GUY C FOGLEMAN EXECUTIVE DIRECTOR 3016347000 2014-11-10 1 SUBRINA L WOOD P00365899 2022932200 2013 2015-11-30 17:44:51Z FASEB DR GUY C FOGLEMAN 9650 ROCKVILLE PIKE BETHESDA MD 208143998 31204857 0 X WWW.FASEB.ORG X 1912 DC TO ADVANCE HEALTH AND WELFARE BY PROMOTING PROGRESS AND EDUCATION IN BIOLOGICAL/BIOMEDICAL SCIENCES. 30 30 324 30 469520 0 3032873 2245871 13567461 13904320 530422 1300784 1498805 1688261 18629561 19139236 15502 274947 0 0 7206768 7649668 0 0 0 11189980 10674447 18412250 18599062 217311 540174 42469949 44042847 24435102 23559468 18034847 20483379 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 8628910 253512 5271642 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. 6064225 2529315 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. 1742093 21435 1113245 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. 16435228 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 40 0 1 324 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 PRESIDENT 5.00 X X 0 0 0 JOSEPH R HAYWOOD PHD PRESIDENT-ELECT 5.00 X X 0 0 0 JUDITH S BOND PHD IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 LYNN WECKER PHD TREASURER 5.00 X X 0 0 0 MARK O LIVELY PHD TREASURER-ELECT 5.00 X X 0 0 0 PETER A RUBENSTEIN PHD VP FOR SCIENCE POLICY 5.00 X X 0 0 0 HUDSON H FREEZE PHD VP-ELECT 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 DIRECTOR 1.50 X 0 0 0 THOMAS O BALDWIN PHD DIRECTOR 1.50 X 0 0 0 JUDITH A BLAKE 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 JAY C DUNLAP PHD DIRECTOR 1.50 X 0 0 0 DAVID P GOLDENBERG PHD 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 CAROLE MENDELSON PHD DIRECTOR 1.50 X 0 0 0 FRANCIS J MILLER MD 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 ED 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 GUY C FOGLEMAN PHD EXECUTIVE DIRECTOR/COO/SEC 37.50 X 357697 0 35692 HOWARD H GARRISON PHD DEPUTY EXEC DIR-POLICY & D 37.50 X 236387 0 45976 JENNIFER PESANELLI DEPUTY EXEC DIR-BUS DVLPT 37.50 X 157593 0 31614 DAVID L CRAVEN CPA COMPTROLLER 37.50 X 140484 0 31708 MAUREEN M WINEBRENNER DEPUTY EXEC DIR-ADMIN & DI 37.50 X 142991 0 22476 RICHARD DUNN DIRECTOR-CAMPUS SERVICES 37.50 X 130273 0 20121 MARCELLA JACKSON DIRECTOR-OSMC 37.50 X 130091 0 33636 1295516 0 221223 11 0 1 0 STEAMBOAT GRAND RESORT 2300 MT WERNER CIRCLE STEAMBOAT SPRINGS CO 80487 HOTEL/CONFERENCE CENTER 654791 VERMONT ACADEMY 10 LONG WALK SAXTONS RIVER VT 05154 HOTEL/CONFERENCE CENTER 520794 SHERATON AT THE FALLS 300 THIRD STREET NIAGRA FALLS NY 14303 HOTEL/CONFERENCE CENTER 306165 CENVEO PUBLISHER SERVICES PO BOX 822934 PHILADELPHIA PA 191822934 PRINTING 278784 BIG SKY RESORT PO BOX 160001 1 LONE MT TRAIL BIG SKY MT 597160001 HOTEL/CONFERENCE CENTER 278347 12 2144725 101146 2245871 MEETINGS 900099 5271642 5271642 SOCIETY SERVICES 561000 4893177 372579 4520598 PUBLICATIONS 511120 2626256 2529315 96941 MEMBERSHIP DUES 900099 1113245 1113245 13904320 510950 510950 115545 115545 2578001 1141981 1436020 1436020 1436020 11713474 10915842 7798 797632 -7798 789834 789834 MISCELLANEOUS 900099 115552 115552 MEAL/VENDING SALES 900099 21144 21144 136696 19139236 8914202 469520 7509643 11435 11435 10000 10000 253512 253512 681014 544909 136105 5377181 4273054 1104127 492037 394191 97846 638355 507071 131284 461081 380807 80274 30613 30613 64100 64100 62319 62319 882139 848797 33342 84753 78073 6680 1223632 1118955 104677 40209 130436 -90227 409724 179096 230628 4998307 4992807 5500 747109 687542 59567 466010 435878 30132 596019 547412 48607 109257 78839 30418 PUBLICATION PRODUCTION 419719 419719 MISCELLANEOUS 156639 175114 -18475 HONORARIA 131022 131022 EQUIPMENT RENTAL & MAIN 96447 50660 45787 156429 185899 -29470 18599062 16435228 2163834 0 366982 548343 1587956 1196119 267189 322746 967411 927615 100500 8500 551178 547147 31069155 13685910 18009932 17383245 17546337 19690727 3072464 3418405 42469949 44042847 907264 954310 378955 859272 14870000 14535000 2600000 2600000 5678883 4610886 24435102 23559468 X 17865414 20350683 144933 108196 24500 24500 18034847 20483379 42469949 44042847 X 540174 1916156 -7798 X X 0 1 X 1 1 1 X 3243519 3712937 3622872 4095697 3359116 18034141 6586621 7637979 7306034 7328993 7800957 36660584 4752765 4599429 4127951 4454866 4358202 22293213 14582905 15950345 15056857 15879556 15518275 76987938 0 573268 369800 500449 1443517 573268 369800 500449 1443517 75544421 2934375 3039790 3032305 3157150 3204496 15368116 16270 16270 2934375 3039790 3048575 3157150 3204496 15384386 101242 101242 102376 119569 104987 71025 136696 534653 17619656 19109704 18210419 19208973 18859467 93008219 0.81220 0.81400 0.16540 0.16840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20635 392072 412707 18953371 19366078 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 331385 332704 332432 412707 1409228 250000 250000 250000 250000 1000000 1500000 16569 16635 16622 20635 70461 25298 500 3 1000 1 24800 25797 2 500 1 25298 26223 122 500 48 25797 26583 232 500 92 26223 27094 96 500 107 26583 0.98790 0.01210 0 0 25457 25457 27199128 10270264 16928864 3844570 3415646 428924 17383245 INVESTMENTS HELD TO FUND DEFERRED COMPENSATION 1232286 AMOUNTS DUE FROM MEMBER SOCIETIES AND CUSTODIAL GRANTS 1981680 INTEREST RATE COLLAR AGREEMENT 204439 3418405 AMOUNTS HELD FOR CUSTODIAL FUNDS FROM MANAGED MEETINGS 1538434 AMOUNTS HELD FOR MEMBER SOCIETIES AND CUSTODIAL ACCOUNTS 101240 DEFERRED COMPENSATION 1232286 INTEREST RATE SWAP AGREEMENT 1738926 4610886 X 22197373 848933 1067223 1916156 20281217 -1141981 -1141981 19139236 19748841 7798 1141981 1149779 18599062 0 18599062 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 ANY TAX POSITIONS TAKEN. THEREFORE, MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS. GENERALLY, INCOME TAX RETURNS RELATED TO THE YEARS ENDED DECEMBER 31, 2009 TO 2012 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON THE FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 723,039. GAIN ON THE FAIR VALUE OF INTEREST RATE COLLAR AGREEMENT 344,184. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE NETTED AGAINST INCOME -1,141,981. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE NETTED AGAINST RENTAL INCOME 1,141,981. EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES SCIENTIFIC MEETING 59278 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SCIENTIFIC MEETING 46198 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES SCIENTIFIC MEETING 168663 0 0 0 0 0 0 274139 0 274139 TRAVEL GRANTS EAST ASIA AND THE PACIFIC 20 39150 CHECKS TRAVEL GRANTS EUROPE (INCLUDING ICELAND & GREENLAND) 56 51050 CHECKS TRAVEL GRANTS CENTRAL AMERICA AND THE CARIBBEAN 142 163312 CHECKS 0 0 0 0 0 0 1 FOUNDATION FOR BIOMEDICAL RESEARCH 818 CONNECTICUT AVE NW WASHINGTON DC 20006 042746997 501(C)(3) 5000 PROGRAM SUPPORT 1 0 FASEB EXCELLENCE IN SCIENCE AWARD 1 10000 BOOK 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 VENDERS AND PAYMENTS WERE MADE DIRECTLY TO THOSE VENDORS FOR SUPPLIES PURCHASED TO BE USED IN STUDENT LABS. X X X X 0 0 0 0 0 0 0 0 0 GUY C FOGLEMAN PHD EXECUTIVE DIRECTOR/COO/SEC 336121 0 0 0 21576 0 25500 0 13046 0 396243 0 0 0 HOWARD H GARRISON PHD DEPUTY EXEC DIR-POLICY & D 231112 0 0 0 5275 0 23890 0 24493 0 284770 0 0 0 JENNIFER PESANELLI DEPUTY EXEC DIR-BUS DVLPT 153466 0 0 0 4127 0 16310 0 19448 0 193351 0 0 0 DAVID L CRAVEN CPA COMPTROLLER 139409 0 0 0 1075 0 13878 0 19294 0 173656 0 0 0 MAUREEN M WINEBRENNER DEPUTY EXEC DIR-ADMIN & DI 142302 0 0 0 689 0 14460 0 9472 0 166923 0 0 0 RICHARD DUNN DIRECTOR-CAMPUS SERVICES 128529 0 0 0 1744 0 12940 0 8485 0 151698 0 0 0 MARCELLA JACKSON DIRECTOR-OSMC 129128 0 0 0 963 0 13300 0 21677 0 165068 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 335000 864706 2011 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 1 1 1 1 WELLS FARGO 5.500000000000 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 AMOUNTS 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 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 IS 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 BY OUR LEGAL COUNSEL. 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: LOSS ON DISPOSAL OF ASSET -7,798. FORM 990, PART XII, LINE 2C: THE AUDIT PROCESS HAS REMAIN UNCHANGED FROM THE PRIOR YEAR.