2026-04-14T10:26:46-05:00 2025-05-31 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2024-06-01 520743814 FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES INC FOUN 3015948985 10 CENTER DRIVE RM 1N241-MSC 1115 BETHESDA MD 208921115 CHRISTINA FARIAS CEO/EXECUTIVE DIRECTOR 3015948985 2026-04-07 1 1 CHICHI MSANGI P01972113 5712279500 2026-03-31 2024 2025-03-06 01:10:19Z FAES CHRISTINA FARIAS 10 CENTER DRIVE RM 1N241-MSC 1115 BETHESDA MD 208921115 49876965 0 X WWW.FAES.ORG X 1959 MD PROMOTE THE PRODUCTIVITY & ATTRACTIVENESS OF PROFESSIONAL LIFE AT THE NIH. 18 18 35 100 0 0 707000 606000 43106082 46757871 1649400 1533899 430110 494163 45892592 49391933 172911 133511 0 0 3869918 3282693 0 0 4738 37555614 39930432 41598443 43346636 4294149 6045297 66888889 74191705 6733559 5964580 60155330 68227125 X FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES, INC (FAES), LOCATED AT THE NATIONAL INSTITUTES OF HEALTH (HEREAFTER "NIH"), CONDUCTS ADVANCED EDUCATIONAL PROGRAMS AND SUPPORTING ACTIVITIES TO PROMOTE THE PRODUCTIVITY AND ATTRACTIVENESS OF PROFESSIONAL LIFE ON THE NIH CAMPUSES. FAES PROGRAMS COMPLEMENT THE WORK OF NIH IN ACCOMPLISHING ITS MISSION OF RESEARCH AND TRAINING IN THE BIOMEDICAL SCIENCES. 1 0 38545200 8521 44165102 HEALTH INSURANCE:ADMINISTRATIVE SERVICES/PLAN SPONSORSHIP FOR A GROUP HEALTH INSURANCE PLAN WHICH IS AVAILABLE TO NIH TRAINEES WHO WORK AT OR FOR NIH, BUT ARE INELIGIBLE FOR FEDERAL HEALTH INSURANCE. NIH TRAINEES, ALSO REFERRED TO AS FELLOWS, ARE THE PRIMARY MARKET THAT FAES SERVES. THIS PROGRAM PROVIDED HEALTH, VISION, AND DENTAL INSURANCE FOR OVER 6,000 INDIVIDUALS DURING THE YEAR, INCLUDING EXCELLENT BENEFITS, AFFORDABLE ANNUAL MAXIMUMS, AND LOW OUT-OF POCKET EXPENSES. 2063101 112671 1286438 PROGRAM SUPPORT TO NIH:FAES PROVIDES FUNDING, FOOD, AND ADMINISTRATIVE SUPPORT FOR A VARIETY OF PROGRAMS, ACTIVITIES, AND EVENTS IN SUPPORT OF NIH SUCH AS COMMUNITY BUILDING AND SYMPOSIA, CLASSICAL AND JAZZ MUSIC PERFORMANCES, WEDNESDAY AFTERNOON LECTURES (WALS), ADMINISTRATION OF MEMORIALS, AND MORE. FAES ALSO PROVIDES LOW COST HOUSING TO NIH FELLOWS DURING THE YEAR. 1372813 12107 821300 ACADEMIC PROGRAMS:FAES SUPPORTS EDUCATIONAL, CULTURAL, AND PROFESSIONAL INITIATIVES OF THE NIH AND ACTIVELY SEEKS OUT WAYS TO FACILITATE A COLLEGIAL ENVIRONMENT. FAES OFFERS OVER 80 GRADUATE-LEVEL COURSES TO FILL THE GAP BETWEEN TRADITIONAL ACADEMIC PROGRAMS AND WORKING IN A WORLD-CLASS BIOMEDICAL RESEARCH ENVIRONMENT AT NIH. FAES HAD 1,471 COURSE ENROLLMENTS DURING THE YEAR. FAES ALSO HAS PARTNERSHIPS FROM WHICH CREDITS CAN BE TRANSFERRED INTO SEVERAL UNIVERSITY OF MARYLAND MASTER'S DEGREE PROGRAMS. FAES OFFERS OVER 30 TRAINING WORKSHOPS TAUGHT BY NIH SCIENTISTS AND OTHER LEADING BIOMEDICAL FIELD EXPERTS. TRAINING WORKSHOPS INCLUDE 1-5 DAY SESSIONS. 462699 212 892558 RETAIL:THE FAES BOOKSTORE@NIH HAS BEEN PROVIDING MEDICAL AND SCIENCE TEXTBOOK SERVICES TO NIH FOR OVER 60 YEARS. STEPS AWAY FROM MASUR AUDITORIUM AND THE FAES CLASSROOMS, THE BOOKSTORE@NIH IS IDEALLY LOCATED TO SUPPORT THE SPECIALIZED BOOK NEEDS OF FAES ACADEMIC PROGRAMS AND THE NIH SCIENTIFIC COMMUNITY. FAES GIFTSTORE@NIH, LOCATED IN THE BUILDING 10 ATRIUM, AND THE B1GIFTSTORE@NIH, LOCATED ON THE B1 LEVEL OF BUILDING 10, EXPAND THE SELECTION OF QUALITY NIH IMPRINTED CLOTHING AND GIFTS FOR NIH EMPLOYEES, PATIENTS, AND VISITORS. 462699 212 892558 42443813 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 1 0 0 0 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 1 100 0 1 35 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD FL MA DC NH NJ NY VA X CHRISTINA FARIAS 3015948985 10 CENTER DR RM 1N241-MSC1115 BETHESDA MD 20892 ALAN GOLDHAMMER PRESIDENT & BOARD CHAIR 2.00 X X 0 0 0 KATHRYN NORCROSS FIRST VICE CHAIR 2.00 X X 0 0 0 NANCY JOHNSON TREASURER 2.00 X X 0 0 0 JOSHUA FARBERQ SECRETARY 2.00 X X 0 0 0 SAMUEL BUCKNER DIRECTOR 1.00 X 0 0 0 JENNIFER CATALANO DIRECTOR 1.00 X 0 0 0 MITCHELL HO DIRECTOR 1.00 X 0 0 0 ROBERT HOHMAN DIRECTOR 1.00 X 0 0 0 MARITA HOPMANN DIRECTOR 1.00 X 0 0 0 TED IBEX DIRECTOR 1.00 X 0 0 0 DENNIS KLINMAN DIRECTOR 1.00 X 0 0 0 HENRY LEVIN DIRECTOR 1.00 X 0 0 0 GERRY MCLAUGHLIN DIRECTOR 1.00 X 0 0 0 YOSUKE MUKOYAMA DIRECTOR 1.00 X 0 0 0 PHILIP MURPHY DIRECTOR 1.00 X 0 0 0 MICHAEL COLLINS DIRECTOR 1.00 X 0 0 0 ALLISON NUGENT DIRECTOR 1.00 X 0 0 0 SUSAN WRIGHT DIRECTOR 1.00 X 0 0 0 CHRISTINA FARIAS CEO/EXECUTIVE DIRECTOR 40.00 X 361466 0 56760 NICOLE LUNA CHIEF FINANCIAL OFFICER 40.00 X 175801 0 37975 JAMES KUHLMAN DIRECTOR OF BUSINESS SERVICES 40.00 X 174819 0 40728 MELINDA MARIS DEAN OF ACADEMIC PROGRAMS 40.00 X 166649 0 26896 MICHEL OCHOA DIRECTOR OF INSURANCE 40.00 X 157213 0 28130 JONATHAN LOGAN CONTROLLER 40.00 X 144946 0 34741 LISA ROGERS DIRECTOR OF ADMINISTRATION 40.00 X 129666 0 21645 HAZUKI MIWA ASSISTANT DIRECT OF ACADEMIC PROGRAMS 40.00 X 113947 0 14677 1424507 0 261552 8 0 1 0 WORMALD HOME CONSTRUCTION LLC 5283 CORPORATE DR STE 300 FREDERICK MD 21703 CONSTRUCTION 3822046 LUMINARE HEALTH 400 FIELD DRIVE LAKE FOREST IL 60045 THIRD-PARY ADMINISTRATION 2687832 CLEAR REAL ESTATE SERVICES LLC 818 CT AVE NW STE 800 WASHINGTON DC 25410 PROJECT MANAGEMENT 307573 KAIZEN HUMAN CAPITAL 2302 GALLOWS ROAD 514 DUNN LORING VA 22027 HR CONSULTING 306833 4 606000 606000 INSURANCE SUBSCRIPTIONS 524292 44731666 44731666 NIH PROFESSIONAL LIABILITY 611430 731143 731143 NIH TRAINEE OCCUPANCY FEES 531110 539893 539893 TUITION & SCHOOL FEES 611430 460544 460544 CONFERENCE REVENUE 611430 294625 294625 46757871 1533899 1533899 892559 485032 407527 407527 MANAGEMENT FEE 900099 80901 80901 MISCELLANEOUS REVENUE 900099 5735 5735 86636 49391933 47165398 0 1620535 121711 121711 11625 11625 175 175 1079827 771499 308328 1547916 1468662 77347 1907 144818 138284 6351 183 330066 291322 38436 308 180066 154943 24984 139 57502 55280 2222 51204 51204 69768 69768 511580 312592 198988 9674 9626 48 225793 216822 8955 16 615946 542008 73908 30 358623 358003 620 2492 2492 416287 386098 30189 224733 224483 250 150271 143850 6408 13 INSURANCE PROGRAM COSTS 36594602 36594602 PROFESSIONAL LIABILITY 635790 635790 6167 3946 79 2142 43346636 42443813 898085 4738 13055250 11821039 8908171 19725060 4685925 4678832 131202 179763 195938 147841 16553062 1296300 8572789 15256762 30654630 22050839 684984 331569 66888889 74191705 6412511 5640310 100000 122692 77127 51122 51122 147234 96021 6733559 5964580 X 56180312 63691738 3975018 4535387 60155330 68227125 66888889 74191705 6045297 2026498 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 740654 740654 12494553 751640 11742913 785528 469738 315790 2532327 74922 2457405 15256762 LEASE LIABILITY, NET 90226 DUE TO NIH 5795 96021 X 51958695 2026498 125000 2151498 49807197 69768 -485032 -415264 49391933 43886900 125000 485032 610032 43276868 69768 69768 43346636 PART IV, LINE 2B: CUSTODIAL FUNDS ARE MONIES COLLECTED ON BEHALF OF THIRD PARTY ORGANIZATIONS THAT FAES IS HANDLING ON AN AGENCY BASIS. FAES HAS NO DECISION MAKING AUTHORITY REGARDING HOW THE FUNDS ARE SPENT. PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FAES IS EXEMPT FROM FEDERAL INCOME TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. NO PROVISION FOR UNRELATED BUSINESS INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS FOR THE YEARS ENDED MAY 31, 2025 AND 2024, AS FAES HAS NO MATERIAL NET UNRELATED BUSINESS INCOME. FAES FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN FASB ASC TOPIC 740, INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FAES PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED MAY 31, 2025 AND 2024, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. IT IS FAES' POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -485,032. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 485,032. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 VARIOUS ADVERTISING MATERIALS OUTLINE THE RACIALLY NON-DISCRIMINATORY POLICY OF FAES. THE WEBSITE CONTAINS A NON-DISCRIMINATORY CLAUSE. 1 FRIENDS OF PATIENTS AT THE NIH PO BOX 34139 BETHESDA MD 20827 521449492 501(C)(3) 5150 0 N/A N/A PATIENT SUPPORT FOUNDATION FOR THE NATIONAL INSTITUTES OF HEALTH 11400 ROCKVILLE PIKE 600 BETHESDA MD 20852 521986675 501(C)(3) 10000 0 N/A N/A SUPPORT THE CHILDREN'S INN AT NIH 7 WEST DRIVE BETHESDA MD 20814 521638207 501(C)(3) 0 6561 FMV CLOTHES, GOODS, ETC PATIENT SUPPORT 3 0 SCHOLARSHIPS 36 11625 N/A N/A PART I, LINE 2: FAES PROVIDES SCHOLARSHIPS FOR FAES COURSES RANGING FROM $50-$400. FAES COMPLIED WITH ALL REQUIREMENTS TO MAKE AN UNRESTRICTED DONATION TO A FEDERAL AGENCY AND NO FURTHER MONITORING WAS REQUESTED BY FAES REGARDING THE USE OF THE FUNDS BY THE FEDERAL GOVERNMENT. FAES MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNTS OF ASSISTANCE AND THE SELECTION CRITERIA AND ELIGIBILITY REQUIREMENTS AS SET BY THE BOARD OF DIRECTORS, WHERE APPLICABLE. FAES ALSO COMPLIES WITH TAX REPORTING REQUIREMENTS FOR INDIVIDUALS AS APPLICABLE. FURTHER INFORMATION REGARDING THESE POLICIES CAN BE OBTAINED UPON REQUEST. X X X X 0 0 0 0 0 0 0 1 0 CHRISTINA FARIAS CEO/EXECUTIVE DIRECTOR 361196 0 0 0 270 0 36120 0 20640 0 418226 0 0 0 JAMES KUHLMAN DIRECTOR OF BUSINESS SERVICES 167470 0 6000 0 1349 0 17622 0 23106 0 215547 0 0 0 NICOLE LUNA CHIEF FINANCIAL OFFICER 169653 0 6000 0 148 0 17949 0 20026 0 213776 0 0 0 MELINDA MARIS DEAN OF ACADEMIC PROGRAMS 160449 0 6000 0 200 0 16635 0 10261 0 193545 0 0 0 MICHEL OCHOA DIRECTOR OF INSURANCE 151089 0 6000 0 124 0 15909 0 12221 0 185343 0 0 0 JONATHAN LOGAN CONTROLLER 138203 0 6500 0 243 0 14470 0 20271 0 179687 0 0 0 LISA ROGERS DIRECTOR OF ADMINISTRATION 122294 0 7000 0 372 0 12929 0 8716 0 151311 0 0 0 PART I, LINE 7 VARIOUS EMPLOYEES RECEIVED BONUS PAYMENTS THAT WERE NOT FIXED AND WERE BASED ON THEIR OVERALL PERFORMANCE, NOT SPECIFIC/CONTINGENT TO REVENUE OR NET EARNINGS. FORM 990, PART III, LINE 2 FAES PARTIALLY COMPLETED PHASE II HOUSING CONSTRUCTION ON SEVEN (7) ADDITIONAL HOUSES AS PART OF THE ACADEMIC COMMUNITY TO OFFER HOUSING FOR NIH TRAINEES. FORM 990, PART VI, SECTION A, LINE 1A FAES HAS AN EXECUTIVE COMMITTEE (EC), AUDIT COMMITTEE (AC), INVESTMENT COMMITTEE (IC), AND INSURANCE COMMITTEE. THE EC IS COMPOSED OF THE FIVE OFFICERS OF THE GOVERNING BOARD, AND MAKES DECISIONS NEEDING BOARD GUIDANCE/INPUT, BUT NOT A FULL BOARD VOTE, IN BETWEEN FULL BOARD MEETINGS. ONE SUCH DECISION IS THE REVIEW AND APPROVAL OF THE CEO'S SALARY. IN FY2024, THE AC HAD 3 VOTING MEMBERS, INCLUDING THE TREASURER AND 2 DIRECTORS, AND 5 NON-VOTING MEMBERS, INCLUDING THE PRESIDENT, CEO, CFO, AND 2 OUTSIDE MEMBERS. THE AC OVERSEES THE EXTERNAL FINANCIAL AUDIT PROCESS, INCLUDING SELECTION OF AN INDEPENDENT AUDIT FIRM. THE AC REVIEWS THE AUDITED FINANCIAL STATEMENTS, AUDITOR COMMUNICATION LETTERS, AND THE FORM 990 AND REPORTS RESULTS AND FINDINGS, IF ANY, TO THE FULL BOARD. IN FY2024, THE IC HAD 3 VOTING MEMBERS, INCLUDING THE TREASURER, 1ST VICE-CHAIR, AND 1 DIRECTOR, AND 5 NON-VOTING MEMBERS, INCLUDING THE PRESIDENT, CEO, CFO, AND 2 OUTSIDE MEMBERS. THE IC OVERSEES INVESTMENT ASSETS, INCLUDING EXECUTION OF INVESTMENT DECISIONS FALLING WITHIN THE SCOPE OF THE FAES INVESTMENT POLICY STATEMENT AS APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN FAES CONSISTS OF BOARD DIRECTORS, EX-OFFICIO MEMBERS AND ALL MEMBERS OF FAES ADVISORY COMMITTEES. ONLY BOARD DIRECTORS HAVE VOTING AUTHORITY, OUTSIDE OF ELECTION VOTING. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE VOTING PRIVILEGES TO ELECT THE BOARD OF DIRECTORS AND OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B FAES HIRES AN INDEPENDENT ACCOUNTING FIRM TO PREPARE THE FEDERAL FORM 990. THE DRAFT FORM 990 IS REVIEWED BY THE CEO, CFO, AND THE FOUNDATION'S AUDIT COMMITTEE. COPIES OF THE FORM 990 ARE ALSO PROVIDED TO THE BOARD OF DIRECTORS BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND PRINCIPAL OFFICERS ARE PROVIDED THE FAES CONFLICT OF INTEREST POLICY AND MUST SIGN AN ACKNOWLEDGEMENT AND AGREEMENT TO THE POLICY ANNUALLY. THE POLICY REQUIRES DISCLOSURE OF ANY CONFLICTS. BOARD AND COMMITTEE MEMBERS ARE PERIODICALLY REMINDED TO DISCLOSE NEW AND EXISTING CONFLICTS. IF THE BOARD OR COMMITTEE MEMBERS DETERMINE THAT A CONFLICT OF INTEREST EXISTS DURING SIGNIFICANT BOARD DISCUSSION OR VOTE, THEY RECUSE THEMSELVES FROM THAT CONVERSATION. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR AND CFO BASED ON PERFORMANCE REVIEWS AND COMPARABLE COMPENSATION DATA WHICH INCLUDES SURVEYS, STUDIES, AND THE FORM 990 OF OTHER ORGANIZATIONS. THE EXECUTIVE COMMITTEE ENSURES CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISIONS. THE REMAINING OFFICERS ARE COMPRISED OF VOLUNTARY MEMBERS OF THE BOARD OF DIRECTORS AND RECEIVE NO COMPENSATION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.