Food Allergy Research & Education Inc
- Assets
- $31.4m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 69
- Location
- Mclean, VA
- Founding
- 09/1997
- Data as of
- 12/2023
- EIN
- 13-3905508
Organization Overview
Food Allergy Research & Education Inc is located in Mclean, VA. The organization was established in 1997. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Food Allergy Research & Education Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Allergy Research & Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Food Allergy Research & Education Inc generated $16.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $19.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Food Allergy Research & Education Inc has awarded 244 individual grants totaling $43,963,321. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FARE'S MISSION IS TO IMPROVE THE QUALITY OF LIFE AND THE HEALTH OF INDIVIDUALS WITH FOOD ALLERGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH: WE MAKE GRANTS AIMED AT BREAKTHROUGHS IN MEDICAL RESEARCH AND IMPROVEMENTS IN THE QUALITY OF LIFE OF INDIVIDUALS WITH FOOD ALLERGIES AND PROVIDING THEM HOPE THROUGH THE PROMISE OF NEW TREATMENTS. THIS INCLUDES BUT IS NOT LIMITED TO THE FARE CLINICAL NETWORK, THE DATA COMMONS, AND OTHER MEDICAL TRIALS AND STUDIES.
ADVOCACY AND EDUCATION: OUR ADVOCACY PRIORITIES ADDRESS CHALLENGING PUBLIC POLICY ISSUES FACING THE FOOD ALLERGY COMMUNITY INCLUDING REMOVING LEGISLATIVE AND REGULATORY BARRIERS TO THE DEVELOPMENT OF FOOD ALLERGY THERAPIES AND ENABLING MORE TREATMENT OPTIONS FOR THE FULL AND DIVERSE POPULATION OF FOOD ALLERGY PATIENTS. WE EDUCATE AND TRAIN THOSE WORKING IN FOOD ALLERGY AS WELL AS PROFESSIONALS SUCH AS DIETITIANS, ALLERGISTS, SCHOOL STAFF AND FOOD SERVICE PERSONNEL IN A VARIETY OF SETTINGS.
SHARED AWARENESS AND OUTREACH: WE ARE FOCUSED ON ENSURING THE VOICE OF THE PATIENT IS HEARD ACROSS THE BROADER COMMUNITY WITH A DEDICATION TO DIVERSITY, EQUITY, INCLUSION AND ACCESS. WE WORK TO CREATE STANDARDS AND QUALIFICATIONS ACROSS THE PUBLIC HEALTH AND MEDICAL COMMUNITIES. OUR PROGRAMS AIM TO AMPLIFY THE VOICES OF PATIENTS WITH FOOD ALLERGIES AND TO ENGAGE IN PROMOTING LIFE, HEALTH AND HOPE FOR ALL THOSE MANAGING FOOD ALLERGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sung-Ah Poblete PHD CEO | Officer | 40 | $612,328 |
Bruce Roberts Chief Research Officer - Until 03/2023 | Officer | 40 | $461,000 |
Deborah Morrison CFO | Officer | 40 | $350,241 |
Michael Trager VP Of Development | 40 | $275,445 | |
Jason Linde VP Of Advocacy | 40 | $244,176 | |
Jennifer Bufford VP Of Clinical Operations | 40 | $202,967 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marrott International Inc Hotel Rooms, Catering & Audio Visual | 12/30/23 | $312,198 |
Miami Dolphins Ltd Marketing | 12/30/23 | $300,000 |
Linder Global Events Event Management | 12/30/23 | $213,504 |
Rwt Productions Llc Mailing Service | 12/30/23 | $184,220 |
Avalon Consulting Group Inc Fundrasing Consultant | 12/30/23 | $149,931 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $492,081 |
| Related organizations | $0 |
| Government grants | $1,537,610 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,279,813 |
| Noncash contributions included in lines 1a–1f | $124,399 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,309,504 |
| Total Program Service Revenue | $773,410 |
| Investment income | $1,096,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,897 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,184,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,508,926 |
| Grants and other assistance to domestic individuals. | $7,985 |
| Grants and other assistance to Foreign Orgs/Individuals | $281,362 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,714,619 |
| Compensation of current officers, directors, key employees. | $597,392 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,846,400 |
| Pension plan accruals and contributions | $262,674 |
| Other employee benefits | $849,412 |
| Payroll taxes | $581,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $132,290 |
| Fees for services: Accounting | $38,636 |
| Fees for services: Lobbying | $15,200 |
| Fees for services: Fundraising | $274,009 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $503,145 |
| Advertising and promotion | $449,662 |
| Office expenses | $487,106 |
| Information technology | $791,432 |
| Royalties | $0 |
| Occupancy | $448,174 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,804,756 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,915 |
| Insurance | $15,996 |
| All other expenses | $0 |
| Total functional expenses | $19,727,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,873,378 |
| Savings and temporary cash investments | $21,862 |
| Pledges and grants receivable | $7,472,230 |
| Accounts receivable, net | $52,539 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $190,935 |
| Net Land, buildings, and equipment | $13,200 |
| Investments—publicly traded securities | $20,467,705 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $276,960 |
| Total assets | $31,368,809 |
| Accounts payable and accrued expenses | $559,550 |
| Grants payable | $1,805,714 |
| Deferred revenue | $7,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $256,633 |
| Total liabilities | $2,629,397 |
| Net assets without donor restrictions | $19,070,485 |
| Net assets with donor restrictions | $9,668,927 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $31,368,809 |
Grants Awarded
Over the last fiscal year, Food Allergy Research & Education Inc has awarded $3,496,416 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BECKMAN COULTER INC PURPOSE: MEDICAL RESEARCH | $743,000 |
NORTHWESTERN UNIVERSITY PURPOSE: MEDICAL RESEARCH | $828,998 |
THE CHILDREN'S HOSPITAL OF PHILADELPHIA PURPOSE: MEDICAL RESEARCH | $479,142 |
CHILDREN'S HOSPITAL MEDICAL CENTER PURPOSE: MEDICAL RESEARCH | $420,714 |
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PURPOSE: MEDICAL RESEARCH | $100,000 |
JOHNS HOPKINS PURPOSE: MEDICAL RESEARCH | $100,000 |