2025-10-21T15:53:06-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2024-01-01 521494164 FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH FOUN 8478255586 1061 AMERICAN LANE SCHAUMBURG IL 601734973 MARK MANKA CHIEF FINANCIAL OFFICER 8472689220 2025-10-15 1 0 THURE ROSS CPA P00577278 6305738600 2025-10-15 2024 2025-03-06 01:10:19Z MARK MANKA 1061 AMERICAN LANE SCHAUMBURG IL 601734973 9216315 0 X WWW.FAER.ORG X 1986 DE DEVELOPING THE NEXT GENERATION OF PHYSICIAN-INVESTIGATORS. 20 20 0 148 0 0 3450056 2977533 0 0 695947 866909 8000 0 4154003 3844442 4186730 2262616 0 0 930503 791046 0 0 274266 655261 654026 5772494 3707688 -1618491 136754 31101797 32787896 3166523 2272057 27935274 30515839 DEDICATED TO DEVELOPING THE NEXT GENERATION OF PHYSICIAN-INVESTIGATORS. 0 0 1393844 1393844 MENTORED RESEARCH TRAINING GRANT PROGRAM OFFERS TWO-YEAR $250,000 GRANTS FOR ANESTHESIA FACULTY MEMBERS WHO HAVE COMPLETED THEIR CORE ANESTHESIOLOGY RESIDENCIES WITHIN THE PAST TEN YEARS. THE GRANT PROGRAM COVERS HEALTH SERVICES RESEARCH, CLINICAL OR TRANSLATIONAL TRAINING GRANTS AND BASIC SCIENCE. 144635 144635 THE RESEARCH IN EDUCATION GRANT PROGRAM (REG) OFFERS TWO-YEAR $100,000 GRANTS FOR FACULTY MEMBERS OF ANY RANK. THE PROGRAM IS FOCUSED ON DEVELOPING INNOVATIVE TECHNIQUES FOR ANESTHESIA EDUCATION. THE GRANT ADVANCES THE CAREERS AND KNOWLEDGE OF ANESTHESIOLOGISTS INTERESTED IN IMPROVING THE CONCEPTS, METHODS, AND TECHNIQUES OF EDUCATION IN ANESTHESIOLOGY. 295257 295257 THE MEDICAL STUDENT ANESTHESIA RESEARCH FELLOWSHIP SUMMER VIRTUAL PROGRAM PROVIDES MEDICAL STUDENTS WITH AN 8-WEEK VIRTUAL SERIES OF ONLINE ANESTHESIA RESEARCH CONTENT. THE SERIES INCLUDES PANEL PRESENTATIONS, JOURNAL CLUBS ON RECENT LITERATURE, AND THE OPPORTUNITY TO CONNECT WITH A MENTOR AND OTHER STUDENTS IN SMALL GROUPS. 1276154 428880 1276154 428880 3109890 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CT DE DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NC NY ND OH OK OR PA RI SC TN UT VA WA WV WI X MARK MANKA 8472689220 1061 AMERICAN LANE SCHAUMBURG IL 601734973 MAX B KELZ PRESIDENT 5.00 X X 0 0 0 DOLORES B NJOKU BOARD CHAIR 2.00 X X 0 0 0 CRYSTAL WRIGHT TREASURER 2.00 6.00 X X 0 2645 0 RODERIC G ECKENHOFF DIRECTOR 1.00 X 0 0 0 CHARLES W EMALA SR DIRECTOR 1.00 X 0 0 0 MEGHAN LANE-FALL MD MSHP FCCM DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL GROPPER DIRECTOR 1.00 X 0 0 0 HUGH HEMMINGS DIRECTOR 1.00 X 0 0 0 CYNTHIA LIEN DIRECTOR 1.00 X 0 0 0 ROGER JOHNS DIRECTOR 1.00 X 0 0 0 MAY C M PIAN-SMITH MD MS DIRECTOR 1.00 3.00 X 0 0 0 GUNISHA KAUR DIRECTOR 1.00 X 0 0 0 ZHIYI ZUO DIRECTOR 1.00 X 0 0 0 VESNA JEVTOVIC-TODOROVIC DIRECTOR 1.00 X 0 0 0 REBECCA A ASLAKSON DIRECTOR 1.00 X 0 0 0 CHAD M BRUMMETT DIRECTOR 1.00 X 0 0 0 SACHIN KHETERPAL DIRECTOR 1.00 X 0 0 0 HELENE BENVENISTE DIRECTOR 1.00 X 0 0 0 JUDITH HELLMAN DIRECTOR 1.00 X 0 0 0 DAVID MARTIN ADJUNCT MEMBER 1.00 21.00 X 0 3600 0 MARY LISE JINNO EXECUTIVE DIRECTOR 50.00 X 0 109985 30082 MARK MANKA CFO 1.00 55.00 X 0 274747 66031 LISA STEININGER CFO (THRU MARCH 2024) 1.00 55.00 X 0 139778 23766 BRIAN REILLY CEO 1.00 75.00 X 0 627485 107173 TREVOR PETERSON DEVELOPMENT OFFICER 40.00 X 0 131141 37230 0 1289381 264282 2 0 1 0 THE CLINICAL PRACTICES OF THE UNIVERSITY 1500 MARKET ST 10TH FL WEST TOWER PHILADELPHIA PA 19102 RESEARCH SERVICES 124854 1 1600000 1377533 2977533 714396 714396 5524386 5371873 152513 152513 152513 3844442 0 0 866909 2262616 2262616 140067 51024 44021 45022 481952 175567 151471 154914 53389 19449 16779 17161 81321 29624 25558 26139 34317 12501 10786 11030 9575 9575 24088 24088 60928 60928 13842 13842 217164 217164 34115 34115 19207 16647 2560 130875 113435 17440 2872 2872 RESEARCH PAYMENTS 124854 124854 SHARED SERVICES W&B 16506 16506 3707688 3109890 323532 274266 1374925 138429 32095 402084 74624 101580 7905 9881 30565 29081 4356 1484 25409938 28169169 2869067 2911504 1328887 1053765 31101797 32787896 102011 99658 3012500 1675000 52012 497399 3166523 2272057 X 24509413 26617076 3425861 3898763 27935274 30515839 31101797 32787896 X 136754 2189132 254679 X X 0 1 X 1 0 X X 1 AMERICAN SOCIETY OF ANESTHESIOLOGISTS 362181944 10 1 58937 0 1 58937 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B: FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH CONFIRMED THAT THE SUPPORTED ORGANIZATION, AMERICAN SOCIETY OF ANESTHESIOLOGISTS (ASA), IS A 501 (C)(6) TAX EXEMPT ORGANIZATION BY REVEIWING THEIR IRS DETERMINATION LETTER AND ALSO ANNUALLY COMPLETING A PRO FORMA SCHEDULE A, PART III TEST TO CONFIRM THAT ASA SATISFIES THE PUBLIC SUPPORT TESTS UNDER SCTION 509(A)(2). PART IV, SECTION A, LINE 3C: THE ACTIVITIES OF THE FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH ARE PERFORMED IN FURTHERANCE OF THEIR EXEMPT PURPOSE WHICH DEVELOPING THE NEXT GENERATION OF PHYSICIAN-INVESTIGATORS. THESE ACTIVITIES ARE ALSO IN FURTHERANCE OF THE SUPPORTED ORGANIZATION ASA'S EXEMPT PURPOSE OF ADVANCING THE PRACTICE OF AND SECURING THE FUTURE OF ANESTHESIOLOGY. FAER ENSURES THAT ALL SUPPORT PROVIDED TO ASA IS USED EXCUSIVELY FOR CHARITABLE PURPOSE BY PERFORMING THESE ACTIVITIES AND FUNCTIONS ON BEHALF OF THEIR OWN MISSION WHICH IN TURN FURTHERS ASA'S MISSION, AS OPPOSED TO TRANSFERRING FUNDS TO THE SUPPORTED ORGANIZATION TO PERFORM THESE FUNCTIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 564802 49019 373 613448 500560 64557 315 564802 571507 -70630 317 500560 527401 44441 335 571507 490365 37572 536 527401 1.00000 0 0 30565 29081 1484 1484 IRONWOOD INTERNATIONAL LTD. 2911504 F 2911504 LEASE LIABILITY 299361 DUE TO RELATED PARTY 198038 497399 X 6038285 2189132 28799 2217931 3820354 24088 24088 3844442 3457720 0 3457720 24088 225880 249968 3707688 PART V, LINE 4: THE ORGANIZATION ESTABLISHED THE BOARD-DESIGNATED ENDOWMENT TO HELP SUPPORT FUTURE OPERATIONS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN TRUST 28,799. PART XII, LINE 4B - OTHER ADJUSTMENTS: RETURNED GRANT FUNDS 225,880. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS INVESTMENTS 2911504 0 0 0 0 0 0 2911504 0 2911504 0 0 1 0 0 0 1 WEILL MEDICAL COLLEGE OF CORNELL MEDICINE 1300 YORK AVENUE BOX 89 NEW YORK NY 100654805 131623978 501C3 250000 0 MENTORED RESEARCH TRAINING GRANT JOHNS HOPKINS UNIVERSITY JOHNS HOPKINS UNIVERSITY 3910 KESWICK ROAD N5177 BALTIMORE MD 21211 520595110 501C3 250000 0 MENTORED RESEARCH TRAINING GRANT BETH ISRAEL DEACONESS MEDICAL CENTER 330 BROOKLINE AVENUE FD-406 BOSTON MA 02215 042103881 501C3 250000 0 MENTORED RESEARCH TRAINING GRANT BETH ISRAEL DEACONESS MEDICAL CENTER 330 BROOKLINE AVENUE FD-406 BOSTON MA 02215 042103881 501C3 100000 0 RESEARCH IN EDUCATION GRANT RICHMOND INSTITUTE FOR VETERANS RESEARCH 1201 BROAD ROCK BLVD RICHMOND VA 23249 541522206 501C3 100000 0 RESEARCH IN EDUCATION GRANT THE UNIVERSITY OF ALABAMA AB9901720 2ND AVENUE SOUTH BIRMINGHAM AL 352940109 636001138 501C3 75000 0 RESEARCH FELLOWSHIP GRANT TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA 3421 WALNUT 5TH FLOOR PHILADELPHIA PA 191046205 231352685 501C3 75000 0 TRANSITION TO INDEPENDENCE GRANT TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA 3421 WALNUT 5TH FLOOR PHILADELPHIA PA 191046205 231352685 501C3 300000 0 MENTORED RESEARCH TRAINING GRANT UNIVERSITY OF CALIFORNIA SAN FRANCISCO PO BOX 748872 LOS ANGELES CA 900714872 946036493 501C3 250000 0 MENTORED RESEARCH TRAINING GRANT UNIVERSITY OF CALIFORNIA LOS ANGELES 405 HILGARD AVE LOS ANGELES CA 900957089 956006143 501C3 250000 0 MRTG SCHOLARSHIP WASHINGTON UNIVERSITY IN ST LOUIS CAMPUS BOX 1054 ONE BROOKINGS DRIVE ST LOUIS MO 631304862 430653611 501C3 250000 0 MENTORED RESEARCH TRAINING GRANT 9 PART I, LINE 2: TWO-YEAR RESEARCH GRANTS ARE REVIEWED BY THE FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH GRANT REVIEW COMMITTEE TO DETERMINE ADEQUATE RESEARCH PROGRESS AND ADHERENCE TO THE PROPOSED BUDGET PRIOR TO APPROVING SECOND YEAR FUNDING. ONE-YEAR RESEARCH GRANTS DO NOT RECEIVE INTERIM REVIEWS PRIOR TO THE END OF THE GRANT. ALL RECIPIENTS ARE REQUIRED TO SUBMIT A FINAL REPORT THIRTY DAYS AFTER THE END OF THE GRANT FUNDING. ANY UNSPENT FUNDS ARE RETURNED TO THE FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH. FUNDING GOES TO THE DEPARTMENT OR INSTITUTION, WHICH THEN INTERACTS WITH ITS OWN FINANCE OFFICE. RESIDENT SCHOLAR GRANTS ARE CONTINGENT ON THE RESIDENT COMPLETING THE PROGRAM AND POSTING THE PROGRAM EVALUATION PRIOR TO PAYMENT. MEDICAL STUDENT ANESTHESIOLOGY RESEARCH FELLOWSHIP RECIPIENT STIPENDS ARE SENT TO HOST INSTITUTIONS UPON NOTIFICATIONS TO THE FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH THAT THE STUDENT IS ON SITE AND WORKING WITHIN THE RESEARCH ENVIRONMENT. X 0 0 0 0 0 0 0 0 0 BRIAN REILLY CEO 0 567691 0 59794 0 0 0 44850 0 62323 0 734658 0 0 MARK MANKA CFO 0 248249 0 26498 0 0 0 32486 0 33545 0 340778 0 0 TREVOR PETERSON DEVELOPMENT OFFICER 0 120571 0 10570 0 0 0 15903 0 21327 0 168371 0 0 LISA STEININGER CFO (THRU MARCH 2024) 0 99522 0 40256 0 0 0 15009 0 8757 0 163544 0 0 PART I, LINE 3 OUTSIDE COMPENSATION EXPERT IS UTILIZED TO BENCHMARK EXECUTIVE AND SENIOR LEVEL POSITIONS. PRESIDENT AND THE BOARD CHAIR MAKE THE FINAL HIRING, COMPENSATION, AND ANY MERIT INCREASE DECISIONS FOR THE CHIEF EXECUTIVE OFFICER ROLE BASED ON THE DATA PROVIDED BY AN EXTERNAL COMPENSATION CONSULTANT. COMPENSATION IS RE-ASSESSED AND ADJUSTED IF DEEMED APPROPRIATE EVERY 3 YEARS TO ENSURE IT IS MARKET COMPETITIVE. COMPENSATION REVIEW PROCEDURES FOR THE CHIEF FINANCIAL OFFICER ARE PERFORMED BY A RELATED ORGANIZATION, ASA. OUTSIDE COMPENSATION EXPERTS ARE UTILIZED REGARDING BENCHMARKING THE POSITION. THE PRESIDENT AND THE PRESIDENT-ELECT OF ASA MAKE DECISIONS ON ANY MERIT INCREASE FOR CHIEF FINANCIAL OFFICER OF FAER. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION UTILIZES THE MANAGEMENT OF AMERICAN SOCIETY OF ANESTHESIOLOGISTS, INC. (ASA) TO PROVIDE CERTAIN PROGRAM AND ADMINISTRATIVE SERVICES. FORM 990, PART VI, SECTION A, LINE 6 THE AMERICAN SOCIETY OF ANESTHESIOLOGISTS (ASA) IS THE CORPORATION'S SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS OF THE CORPORATION SHALL BE ELECTED BY MAJORITY VOTE OF THE BOARD OF DIRECTORS OF ASA, PURSUANT TO NOMINATION BY ASA'S PRESIDENT. SUCH ELECTION SHALL OCCUR AT THE ANNUAL MEETING OF THE ASA BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH'S FORM 990. MANAGEMENT PARTICIPATES CONSISTENTLY IN THE PREPARATION. THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK ANY QUESTIONS DIRECTLY TO THE FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, FAER BOARD MEMBERS AND OFFICERS ARE REQUIRED TO DISCLOSE WHETHER OR NOT THEY HAVE ANY POTENTIAL CONFLICTS OF INTEREST AND, IF SO, ARE REQUIRED TO DESCRIBE THEM. BOARD MEMBERS ARE REQUIRED TO ABSTAIN FROM VOTING ON ANY ISSUES WHERE THEY HAVE A POTENTIAL CONFLICT. THE MEMBERS WHO HAVE A CONFLICT MUST FILL OUT A FORM TO DESCRIBE THE CONFLICT. FAER MANAGEMENT MAINTAINS THE COMPLETED FORMS FOR THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION ESTABLISHED A COMPENSATION AND PERSONNEL COMMITTEE THAT IS RESPONSIBLE FOR DETERMINING APPROPRIATE COMPENSATION FOR ALL INDIVIDUALS RETAINED BY FAER USING THE IRS REBUTTABLE PRESUMPTION TEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNMENT AGENCIES; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST 28,799. RETURNED GRANT FUNDS 225,880. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT CPA FIRM. 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