FOUNDATION FOR ADVANCED EDUCATION … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Principal Officer

CHRISTINA FARIAS

Phone

3015948985

Tax Period

2024-06-01 to 2025-05-31

FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES INC, founded in 1959, is a mid-sized nonprofit in the Education sector that reported $49.4M in total revenue in fiscal year 2024. Expenses of $43.3M left a modest 12% surplus.

Mission

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.

Program Service Accomplishments

Program 1

Expenses: $38,545,200 Revenue: $44,165,102

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.

Program 2

Expenses: $2,063,101 Revenue: $1,286,438

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.

Program 3

Expenses: $1,372,813 Revenue: $821,300

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...

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $606,000

Program Service Revenue $46,757,871

Investment Income $1,533,899

Other Revenue $494,163

TOTAL REVENUE $49,391,933

Expense Breakdown

Grants Paid $133,511

Salaries & Benefits $3,282,693

Fundraising Expenses $4,738

Program Expenses $42,443,813

Other Expenses $39,930,432

TOTAL EXPENSES $43,346,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,391,933	$45,892,592	+0.1%
Expenses	$43,346,636	$41,598,443	+0.0%
Net Income	$6,045,297	$4,294,149	+0.4%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$632,002

Total Directors

Key Employees

$594,435

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN GOLDHAMMER	PRESIDENT & BOARD CHAIR	2.00	Officer Director	$0	$0	$0
KATHRYN NORCROSS	FIRST VICE CHAIR	2.00	Officer Director	$0	$0	$0
NANCY JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
JOSHUA FARBERQ	SECRETARY	2.00	Officer Director	$0	$0	$0
SAMUEL BUCKNER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CATALANO	DIRECTOR	1.00	Director	$0	$0	$0
MITCHELL HO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HOHMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARITA HOPMANN	DIRECTOR	1.00	Director	$0	$0	$0
TED IBEX	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS KLINMAN	DIRECTOR	1.00	Director	$0	$0	$0
HENRY LEVIN	DIRECTOR	1.00	Director	$0	$0	$0
GERRY MCLAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
YOSUKE MUKOYAMA	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON NUGENT	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA FARIAS	CEO/EXECUTIVE DIRECTOR	40.00	Officer	$361,466	$56,760	$418,226
NICOLE LUNA	CHIEF FINANCIAL OFFICER	40.00	Officer	$175,801	$37,975	$213,776
JAMES KUHLMAN	DIRECTOR OF BUSINESS SERVICES	40.00	Key Emp	$174,819	$40,728	$215,547
MELINDA MARIS	DEAN OF ACADEMIC PROGRAMS	40.00	Key Emp	$166,649	$26,896	$193,545
MICHEL OCHOA	DIRECTOR OF INSURANCE	40.00	Key Emp	$157,213	$28,130	$185,343
JONATHAN LOGAN	CONTROLLER	40.00	Highest	$144,946	$34,741	$179,687
LISA ROGERS	DIRECTOR OF ADMINISTRATION	40.00	Highest	$129,666	$21,645	$151,311
HAZUKI MIWA	ASSISTANT DIRECT OF ACADEMIC PROGRAMS	40.00	Highest	$113,947	$14,677	$128,624

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$49,391,933	$43,346,636	$74,191,705	$6,045,297
2024	$45,892,592	$41,598,443	$66,888,889	$4,294,149
2024	$45,892,592	$41,598,443	$66,888,889	$4,294,149
2023	$42,449,991	$38,450,686	$58,389,900	$3,999,305
2022	$41,367,941	$38,063,407	$54,757,501	$3,304,534
2021	$38,726,569	$30,128,273	$57,498,909	$8,598,296
2020	$36,472,050	$28,917,314	$43,726,141	$7,554,736
2019	$35,609,260	$30,265,019	$35,573,437	$5,344,241
2018	$32,505,369	$31,902,730	$32,257,058	$602,639

FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES INC