2013-10-02T12:23:47-05:00 2012-12-31 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2012-01-01 520700497 FEDERATION OF AMERICAN SOCIETIES FOR EXPERIMENTAL BIOLOGY FEDE 3016347000 9650 ROCKVILLE PIKE BETHESDA MD 208143998 DR GUY C FOGLEMAN 3016347000 2013-10-02 1 SUBRINA L WOOD P00365899 2022932200 2012 2016-02-24 21:20:13Z FASEB DR GUY C FOGLEMAN 9650 ROCKVILLE PIKE BETHESDA MD 208143998 20992584 0 X WWW.FASEB.ORG X 1912 DC TO ADVANCE HEALTH AND WELFARE BY PROMOTING PROGRESS AND EDUCATION IN BIOLOGICAL/BIOMEDICAL SCIENCES. 30 30 363 30 720778 0 2590175 3032873 13317522 13567461 762414 530422 1327405 1498805 17997516 18629561 27650 15502 0 0 7103520 7206768 0 0 0 10818913 11189980 17950083 18412250 47433 217311 40639743 42469949 24050918 24435102 16588825 18034847 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 8523338 7407527 PROGRAM SERVICES - PROGRAM SERVICES CONSIST OF SCIENCE RESEARCH CONFERENCES, CAREER RESOURCE SERVICES, THE FASEB JOURNAL, AND TWO NIH-FUNDED PROGRAMS TO FACILITATE MINORITY 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. 7081417 5097110 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. 1642079 15502 1062824 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. 17246834 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 0 0 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 1 213 0 1 363 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 DAVID L CRAVEN COMPTROLLER 3016347082 9650 ROCKVILLE PIKE BETHESDA MD 208143998 JOSEPH C LAMANNA PHD 5.00 X X 0 0 0 JUDITH S BOND PHD 5.00 X X 0 0 0 WILLIAM T TALMAN MD 5.00 X X 0 0 0 FRED D FINKELMAN MD 5.00 X X 0 0 0 LYNN WECKER PHD 5.00 X X 0 0 0 MARGARET K OFFERMANN MD PHD 5.00 X X 0 0 0 PARKER B ANTIN PHD 1.50 X 0 0 0 THOMAS M BADGER PHD 1.50 X 0 0 0 JUDITH A BLAKE PHD 1.50 X 0 0 0 HANNAH V CAREY PHD 1.50 X 0 0 0 SHU CHIEN PHD 1.50 X 0 0 0 SYLVIA CHRISTAKOS PHD 1.50 X 0 0 0 PAUL COATES PHD 1.50 X 0 0 0 BRIAN M COX PHD 1.50 X 0 0 0 GARRY R CUTTING MD 1.50 X 0 0 0 NANCY DENSLOW PHD 1.50 X 0 0 0 JAY C DUNLAP PHD 1.50 X 0 0 0 HUDSON H FREEZE PHD 1.50 X 0 0 0 JR HAYWOOD PHD 1.50 X 0 0 0 ELLEN KRAIG PHD 1.50 X 0 0 0 CAROLE LABONNE PHD 1.50 X 0 0 0 VIRENDRA B MAHESH PHD 1.50 X 0 0 0 MAURICE MANNING PHD 1.50 X 0 0 0 EDWARD RB MCCABE MD PHD 1.50 X 0 0 0 ELIZABETH MCNALLY MD PHD 1.50 X 0 0 0 CAROLE MENDELSON PHD 1.50 X 0 0 0 FRANCIS J MILLER MD 1.50 X 0 0 0 PATRICIA MORRIS PHD 1.50 X 0 0 0 JAMES M MUSSER MD PHD 1.50 X 0 0 0 LAURA NIEDERNHOFER MD PHD 1.50 X 0 0 0 ARTHUR G PALMER PHD 1.50 X 0 0 0 CHESTER RAY PHD 1.50 X 0 0 0 EDUARDO ROSA-MOLINAR PHD 1.50 X 0 0 0 PETER A RUBENSTEIN PHD 1.50 X 0 0 0 JOHN R SCHREIBER MD MPH 1.50 X 0 0 0 ANTHONY R SCIALLI MD 1.50 X 0 0 0 BELEN TORNESI DVM MS 1.50 X 0 0 0 GUY C FOGLEMAN PHD 37.50 X 352175 0 34745 HOWARD H GARRISON PHD 37.50 X 227889 0 45146 JENNIFER PESANELLI 37.50 X 149904 0 30858 DAVID L CRAVEN CPA 37.50 X 149164 0 34994 MAUREEN M WINEBRENNER 37.50 X 138238 0 22225 RICHARD DUNN 37.50 X 126103 0 19690 MARCELLA JACKSON 37.50 X 124217 0 32476 1267690 0 220134 10 0 1 0 CADMUS PSG PO BOX 822934 PHILADELPHIA PA 191822934 JOURNAL PRINTING AND DISTRIBUTION 591652 STEAMBOAT GRAND RESORT 2300 MT WERNER CIRCLE STEAMBOAT SPRINGS CO 80487 HOTEL/CONFERENCE CENTER 500671 AMERICAN EXPRESS PO BOX 1270 NEWARK NJ 071011270 CREDIT CARD CHARGES 497618 VERMONT ACADEMY 10 LONG WALK SAXTONS RIVER VT 05154 HOTEL/CONFERENCE CENTER 399207 THE WESTIN SNOWMASS RESORT PO BOX 5009 SNOWMASS VILLAGE CO 81621 HOTEL/CONFERENCE CENTER 295312 15 2730206 302667 3032873 SOCIETY SERVICES 561000 5097110 642244 4454866 MEETINGS 900099 4695427 4695427 PUBLICATIONS 511120 2712100 2633566 78534 MEMBERSHIP DUES 900099 1062824 1062824 13567461 585847 585847 135611 135611 2435692 1143523 1292169 1292169 1292169 1164075 1219500 -55425 -55425 -55425 MISCELLANEOUS 900099 48796 48796 MEAL/VENDING SALES 900099 22229 22229 71025 18629561 8391817 720778 6484093 8500 8500 7002 7002 665118 526476 138642 5049463 3979805 1069658 476228 380517 95711 570538 476396 94142 445421 367049 78372 25000 25000 90346 90346 62100 62100 63184 63184 57687 57687 1121046 1044352 76694 121861 74223 47638 1033289 878806 154483 94969 172843 -77874 684702 463542 221160 2537835 2510240 27595 3487510 3354101 133409 754706 729595 25111 902367 817971 84396 124703 100564 24139 PUBLICATION PRODUCTION 696430 696430 HONORARIA 131000 131000 MISCELLANEOUS 114005 154963 -40958 CONFERENCE CENTER 65140 65140 -977900 219135 -1197035 18412250 17246834 1165416 0 183979 366982 1233770 1587956 285642 267189 674813 967411 150000 100500 391362 551178 30920583 12910651 18528010 18009932 16111146 17546337 3081021 3072464 40639743 42469949 923013 907264 816999 378955 15190000 14870000 2300000 2600000 4820906 5678883 24050918 24435102 X 16470682 17865414 93643 144933 24500 24500 16588825 18034847 40639743 42469949 X 217311 1299000 -70289 X X 0 1 X 1 1 1 X 3318285 3243519 3712937 3622872 4095697 17993310 6815332 6586621 7637979 7306034 7328993 35674959 5086056 4752765 4599429 4127951 4454866 23021067 15219673 14582905 15950345 15056857 15879556 76689336 0 573268 369800 943068 573268 369800 943068 75746268 3493890 2934375 3039790 3032305 3157150 15657510 16270 16270 3493890 2934375 3039790 3048575 3157150 15673780 101242 101242 189357 102376 119569 104987 71025 587314 18902920 17619656 19109704 18210419 19208973 93051672 0.81400 0.81610 0.16840 0.16970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16622 315810 332432 18791819 19124251 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 367709 331385 332704 332432 1364230 250000 250000 250000 250000 1000000 1500000 18386 16569 16635 16622 68212 25797 2 500 1 25298 26223 122 500 48 25797 26583 232 500 92 26223 27094 96 500 107 26583 27251 653 500 221 89 27094 0.00000 0.96850 0.03150 0 0 25457 25457 27030952 9574183 17456769 3864174 3336468 527706 18009932 INVESTMENTS HELD TO FUND DEFERRED COMPENSATION 989893 AMOUNTS DUE FROM MEMBER SOCIETIES AND CUSTODIAL GRANTS 2082571 3072464 AMOUNTS HELD FOR CUSTODIAL FUNDS FROM MANAGED MEETINGS 1921349 AMOUNTS HELD FOR MEMBER SOCIETIES AND CUSTODIAL ACCOUNTS 165931 DEFERRED COMPENSATION 989893 INTEREST RATE SWAP AGREEMENT 2461965 INTEREST RATE COLLAR AGREEMENT 139745 5678883 X 21001795 1299000 -70289 1228711 19773084 -1143523 -1143523 18629561 19555773 1143523 1143523 18412250 0 18412250 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 69,456. LOSS ON FAIR VALUE OF INTEREST RATE COLLAR AGREEMENT -139,745. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES FOR TENANTS FROM LINE 6B -1,143,523. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES FOR TENANTS FROM LINE 6B 1,143,523. EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES FASEB HELD THREE OF ITS 36 SCIENCE RESEARCH CONFERENCES IN EUROPE DURING 2012. THE EMPHASIS OF THESE CONFERENCES IS ON CUTTING-EDGE RESEARCH, WITH PROMINENT SCIENTISTS IN EACH FIELD MAKING PRESENTATIONS TO ATTENDEES WHO ARE HEAVILY ENGAGED IN RESEARCH OR ARE IN ANCILLIARY FIELDS WHERE AN ACCURATE UNDERSTANDING OF ALLIED SCIENTIFIC ADVANCES IS IMPORTANT. POSTDOCTORAL CANDIDATES ARE ALSO ENCOURAGED TO PARTICIPATE IN THE CONFERENCES. ATTENDEES ARE SELECTED BY THE ORGANIZERS ON THE BASIS OF THEIR PROBABLE CONTRIBUTIONS TO SCIENCE. FASEB HAS CONDUCTED THE SCIENCE RESEARCH CONFERENCE PROGRAM SINCE 1982. 135121 0 0 0 0 0 0 135121 0 135121 0 0 0 0 0 0 1 AWARDS FOR LAB SUPPLIES 3 7002 BOOK PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 348099 0 0 0 4076 0 25000 0 12585 0 389760 0 0 0 HOWARD H GARRISON PHD 222812 0 0 0 5077 0 23060 0 24409 0 275358 0 0 0 JENNIFER PESANELLI 149402 0 0 0 502 0 15620 0 19311 0 184835 0 0 0 DAVID L CRAVEN CPA 148030 0 0 0 1134 0 15370 0 21173 0 185707 0 0 0 MAUREEN M WINEBRENNER 137572 0 0 0 666 0 14010 0 9627 0 161875 0 0 0 MARCELLA JACKSON 123612 0 0 0 605 0 12890 0 20884 0 157991 0 0 0 A MARYLAND ECONOMIC DEVELOPMENT CORPORATION 521376562 2010-12-28 15500000 ADVANCE REFUNDING OF 2008 BONDS AND FUNDING FOR FASEB FACILITY IMPROVEMENTS 0 0 0 A 320000 864706 2011 0 1 1 1 A 0 0 0 1 1 1 WELLS FARGO 5.500000000000 0 0 0 0 0 A 1 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 26 MEMBER SOCIETIES ARE EACH 501(C)(3) 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: GAIN ON FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 69,456. LOSS ON FAIR VALUE OF INTEREST RATE COLLAR AGREEMENT -139,745. THE AUDIT PROCESS HAS REMAIN UNCHANGED FROM THE PRIOR YEAR.