FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH

EIN: 521494164 501(c)(3) Medical Research

SCHAUMBURG, IL

Total Revenue
$4,154,003
Total Expenses
$5,772,494
Total Assets
$31,101,797
Net Assets
$27,935,274
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
DE
Principal Officer
MARK MANKA
Phone
8478255586
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH, founded in 1986, is a community nonprofit in the Medical Research sector that reported $4.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.8M exceeded revenue, resulting in a 39% operating deficit.

Mission

DEDICATED TO DEVELOPING THE NEXT GENERATION OF PHYSICIAN-INVESTIGATORS.

Program Service Accomplishments

Program 1
Expenses: $3,458,477

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...

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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.

Program 2
Expenses: $200,000

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...

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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.

Program 3
Expenses: $296,753

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...

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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.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,450,056
Program Service Revenue $0
Investment Income $695,947
Other Revenue $8,000
TOTAL REVENUE $4,154,003

Expense Breakdown

Grants Paid $4,186,730
Salaries & Benefits $930,503
Fundraising Expenses $275,888
Program Expenses $5,194,651
Other Expenses $655,261
TOTAL EXPENSES $5,772,494

Year-over-Year Comparison

2023 2022 Change
Revenue $4,154,003 $3,760,818 +0.1%
Expenses $5,772,494 $4,623,149 +0.2%
Net Income $-1,618,491 $-862,331 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
145

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
7
$774,650
Total Directors
19
$323,217
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RODERIC G ECKENHOFF DIRECTOR 1.00
Director
$0 $0 $0
CHARLES W EMALA SR DIRECTOR 1.00
Director
$0 $0 $450
MEGHAN LANE-FALL DIRECTOR 1.00
Director
$0 $0 $350
MICHAEL GROPPER DIRECTOR 1.00
Director
$0 $0 $0
HUGH HEMMINGS DIRECTOR 1.00
Director
$0 $0 $0
HARRIET W HOPF DIRECTOR (THRU OCT 2023) 1.00
Director
$0 $0 $250
JOE KIANI DIRECTOR (THRU OCT 2023) 1.00
Director
$0 $0 $0
CYNTHIA LIEN DIRECTOR 1.00
Director
$0 $0 $0
DAVID MARTIN ADJUNCT MEMBER 1.00
Director
$0 $0 $4,400
DOLORES B NJOKU BOARD CHAIR 2.00
Officer Director
$0 $0 $0
MAY PIAN-SMITH DIRECTOR 1.00
Director
$0 $0 $0
GUNISHA KAUR DIRECTOR 1.00
Director
$0 $0 $0
ZHIYI ZUO DIRECTOR 1.00
Director
$0 $0 $0
STEVEN SHAFER DIRECTOR (THRU OCT 2023) 1.00
Director
$0 $0 $33,333
VESNA JEVTOVIC-TODOROVIC DIRECTOR 1.00
Director
$0 $0 $50
MATTHEW J KREMKE CEO (THRU NOV 2023) 50.00
Officer Director
$0 $56,406 $284,084
REBECCA A ASLAKSON DIRECTOR 1.00
Director
$0 $0 $0
CHAD M BRUMMETT DIRECTOR 1.00
Director
$0 $0 $300
ROGER JOHNS BOARD CHAIR (THRU OCT 2023) 2.00
Officer Director
$0 $0 $0
JAMES C EISENACH PRESIDENT (THRU DEC 2023) 5.00
Officer
$0 $0 $700
CRYSTAL WRIGHT SECRETARY/TREASURER 2.00
Officer
$0 $0 $4,075
LISA STEININGER CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $76,996 $485,391
DONALD ARNOLD SECRETARY/TREASURER (THRU OCT 2023) 2.00
Officer
$0 $0 $400
TREVOR PETERSON DEVELOPMENT OFFICER 40.00
Highest
$0 $37,521 $170,737
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
2024 No data No data No data No data
2023 $4,154,003 $5,772,494 $31,101,797 $-1,618,491
2022 $3,760,818 $4,623,149 $29,148,999 $-862,331
2021 $3,655,249 $4,029,732 $35,213,980 $-374,483
2020 $3,766,094 $3,438,786 $32,482,963 $327,308
2019 $3,748,733 $3,837,304 $28,589,539 $-88,571
2018 $3,834,572 $4,466,489 $24,538,015 $-631,917
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