Federation Of American Societies For Experimental Biology
- Assets
- $23.8m
- Revenue
- $12.0m
- Investments
- $519.8k
- Employees
- 39
- Location
- Rockville, MD
- Founding
- 11/1959
- Data as of
- 12/2021
- EIN
- 52-0700497
Organization Overview
Federation Of American Societies For Experimental Biology, operating under the name Faseb, is located in Rockville, MD. The organization was established in 1959. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Faseb employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faseb 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 12/2021, Faseb generated $12.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $8.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE HEALTH AND WELFARE BY PROMOTING PROGRESS AND EDUCATION IN BIOLOGICAL/BIOMEDICAL SCIENCES.
Describe the Organization's Program Activity:
SCIENCE RESEARCH CONFERENCES - THE FASEB SCIENCE RESEARCH CONFERENCES ARE A SERIES OF SCIENTIFIC CONFERENCES THAT PROMOTE DIALOGUE AMONG RESEARCHERS, MANY OF WHOM ARE INDIVIDUAL MEMBERS OF FASEB MEMBER SOCIETIES, IN THE BIOLOGICAL AND BIOMEDICAL SCIENCES TO SPUR INNOVATION AND EXCHANGE KNOWLEDGE.
CORE FUNCTIONS - LEGISLATIVE AFFAIRS AND SCIENCE POLICY ACTIVITIES WITHIN THE OFFICE OF PUBLIC AFFAIRS (OPA) SUPPORT THE FEDERATION'S CORE COMPETENCY, ADVANCING RESEARCH FUNDING AND POLICIES THAT STIMULATE THE BIOLOGICAL AND BIOMEDICAL SCIENCES. THROUGH OPA'S IN-DEPTH POLICY ANALYSES, DEVELOPMENT AND EXECUTION OF LEGISLATIVE STRATEGIES, AND COMMUNICATION AND SUPPORT FOR ALL FASEB PUBLIC POLICY INITIATIVES, CORE FUNCTIONS PROVIDE THE MOST DIRECT BENEFIT TO MEMBER SOCIETIES AND THEIR INDIVIDUAL MEMBERS.
FASEB JOURNALS - THE FASEB JOURNAL AND FASEB BIOADVANCES, FASEB'S FLAGSHIP JOURNALS, FEATURE TRANSDISCIPLINARY ORIGINAL RESEARCH THAT SUPPORTS THE FEDERATION'S STRATEGIC GOAL TO PROMOTE SCIENTIFIC PROGRESS AND EDUCATION IN THE BIOSCIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank J Krause Executive Director/ceo, Se | OfficerTrustee | 37.5 | $494,887 |
Jennifer L Zeitzer Director Of Public Affairs | Officer | 37.5 | $232,825 |
Yvette Seger Dir Of Science Pol./deputy Dir. O | 37.5 | $195,075 | |
Susan Schiaffino Director Of Hr | 37.5 | $164,051 | |
Andrea Bauerfeind Director Of Osmc | 37.5 | $156,847 | |
Gloria Patnelli Senior Payroll Manager | 37.5 | $132,440 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marcum Llp Consulting | 12/30/21 | $760,145 |
Virtual Logic Group Llc Technology Consultant | 12/30/21 | $778,624 |
Mighty Red Barn Llc Consulting | 12/30/21 | $190,000 |
Cadium Cd Llc Virtual Event Hosting | 12/30/21 | $536,212 |
Showcare Event Solutions Event Management | 12/30/21 | $152,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,725,983 |
| All other contributions, gifts, grants, and similar amounts not included above | $323,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,049,903 |
| Total Program Service Revenue | $5,465,495 |
| Investment income | $213,942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,283 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,267,141 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,011,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $432,283 |
| Grants and other assistance to Foreign Orgs/Individuals | $147,285 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $829,318 |
| Compensation of current officers, directors, key employees. | $561,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,722,958 |
| Pension plan accruals and contributions | $246,385 |
| Other employee benefits | $273,057 |
| Payroll taxes | $254,307 |
| Fees for services: Management | $144,000 |
| Fees for services: Legal | $18,447 |
| Fees for services: Accounting | $672,057 |
| Fees for services: Lobbying | $187,370 |
| Fees for services: Fundraising | $15,000 |
| Fees for services: Investment Management | $44,982 |
| Fees for services: Other | $1,116,858 |
| Advertising and promotion | $64,908 |
| Office expenses | $123,016 |
| Information technology | $432,220 |
| Royalties | $0 |
| Occupancy | $76,443 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,651 |
| Interest | $421 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,156 |
| Insurance | $62,695 |
| All other expenses | $0 |
| Total functional expenses | $8,032,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,271,532 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,088 |
| Accounts receivable, net | $1,461,594 |
| 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 | $583,923 |
| Net Land, buildings, and equipment | $212,995 |
| Investments—publicly traded securities | $18,588,026 |
| Investments—other securities | $519,765 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,063,529 |
| Total assets | $23,764,452 |
| Accounts payable and accrued expenses | $469,482 |
| Grants payable | $0 |
| Deferred revenue | $1,428,816 |
| 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 | $1,577,943 |
| Total liabilities | $3,476,241 |
| Net assets without donor restrictions | $20,162,656 |
| Net assets with donor restrictions | $125,555 |
| 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 | $23,764,452 |
Grants Awarded
Over the last fiscal year, Federation Of American Societies For Experimental Biology has awarded $6,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: SPONSORSHIP OF GOLDEN GOOSE AWARD | $2,500 |
Washington, DC PURPOSE: SPONSORSHIP OF 2014 DEBAKEY AWARDS | $2,500 |
Washington, DC PURPOSE: SPONSORSHIP OF CONGRESSIONAL RECEPTION | $500 |
Philadelphia, PA PURPOSE: SUPPORT FOR HILL DAY | $500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Federation Of American Societies For Experimental Biology has recieved totaling $10,005.
| Awarding Organization | Amount |
|---|---|
American Association For The Study Of Liver Diseases Alexandria, VA PURPOSE: SUPPORT FOR FASEB LIVER BIOLOGY CONFERENCE HELD IN NEW ORLEANS, LA, JUNE 26-30, 2022 | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $24,633 |
| Ending Balance | $24,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pacific Institute For Research And Evaluation Beltsville, MD | $11,378,296 | $15,441,152 |
Federation Of American Societies For Experimental Biology Rockville, MD | $23,764,452 | $12,011,053 |
American Society For Cell Biology Rockville, MD | $13,840,317 | $4,790,669 |
American Institute Of Biological Sciences Inc Herndon, VA | $3,358,341 | $2,793,916 |
Jrs Biodiversity Foundation Arlington, VA | $55,350,781 | $4,706,989 |
Association For The Advancement Of Sustainability In Higher Education Philadelphia, PA | $1,920,496 | $2,607,691 |
International Life Sciences Institute Washington, DC | $10,642,459 | $1,612,956 |
The Human Factors & Ergonomics Society Washington, DC | $1,795,497 | $1,811,107 |
Bionexus Foundation Inc Manassas, VA | $276,986,981 | $50,742,953 |
Microscopy Society Of America Reston, VA | $4,414,815 | $1,509,742 |
Us Term Limits Foundation Washington, DC | $831,295 | $2,387,689 |
National Association Of Biology Teachers Inc Warrenton, VA | $562,231 | $1,001,137 |