EIN 52-0743814

Foundation for Advanced Education in the Sciences (FAES)

IRS 501(c) type
501(c)(3)
Num. employees
36
Year formed
1959
Most recent tax filings
2022-05-01
Description
Foundation for Advanced Education in the Sciences (FAES) is a non-profit foundation committed to promoting the productivity and attractiveness of professional life on the NIH campuses.
Total revenues
$41,367,941
2022
Total expenses
$38,063,407
2022
Total assets
$54,757,501
2022
Num. employees
36
2022

Program areas at FAES

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.
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.
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 100 graduate-level courses to fill the gap between traditional academic programs and working in a world-class biomedical research environment at nih. Faes had 1,656 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 35 training courses taught by nih scientists and other leading biomedical field experts. Training courses include 2-5 day sessions and weekend offerings. Faes hosted 67 training courses with a total of 1,022 attendees during the year.
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 the office of intramural training and Education (oite) community college day, graduate partnership program (gpp) recruiting, community building and symposia, support for the nih annual research festival, classical and jazz music performances, wednesday afternoon lectures (wals), administration of memorials, and more. Faes also provided low cost housing to 47 nih fellows during the year.

Who funds Foundation for Advanced Education in the Sciences (FAES)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
International Biomedical Research AllianceHousing for Scholars$25,000

Personnel at FAES

NameTitleCompensation
Christina FariasBoard Member$352,299
Nicole LunaChief Financial Officer$159,274
Melinda MarisAssistant Dean$134,567
James KuhlmanDirector of Business Services$163,334
Michel OchoaDirector of Insurance$139,300
...and 13 more key personnel

Financials for FAES

RevenuesFYE 05/2022
Total grants, contributions, etc.$124,750
Program services$36,801,087
Investment income and dividends$559,688
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-787,513
Net gain from sale of non-inventory assets$4,725,481
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-98,179
Miscellaneous revenues$42,627
Total revenues$41,367,941

Form 990s for FAES

Fiscal year endingDate received by IRSFormPDF link
2022-052023-02-13990View PDF
2021-052021-10-26990View PDF
2020-052021-03-01990View PDF
2019-052020-11-13990View PDF
2018-052019-06-19990View PDF
...and 9 more Form 990s
Data update history
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 16, 2023
Updated personnel
Identified 2 new personnel
June 12, 2023
Used new vendors
Identified 1 new vendor, including
May 26, 2023
Received grants
Identified 2 new grant, including a grant for $100,000 from Bny Mellon Charitable Gift Fund
October 8, 2022
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
National levelTax deductible donations
General information
Address
10 Ctr Dr 1115 Rm 1n241-msc
Bethesda, MD 20892
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Montgomery County, MD
Website URL
faes.org/ 
Phone
(301) 594-8985
Facebook page
FAESorg 
Twitter profile
@faesorg 
IRS details
EIN
52-0743814
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1959
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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