Federation Of American Societies For Experimental Biology

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.

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Marcum Llp
Consulting
$760,145
Virtual Logic Group Llc
Technology Consultant
$778,624
Mighty Red Barn Llc
Consulting
$190,000
Cadium Cd Llc
Virtual Event Hosting
$536,212
Showcare Event Solutions
Event Management
$152,780
View All Vendors

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

Grants Awarded

Over the last fiscal year, Federation Of American Societies For Experimental Biology has awarded $6,000 in support to 4 organizations.

Grant RecipientAmount

ASSOCIATION OF AMERICAN UNIVERSITIES

Org PageRecipient Profile

Washington, DC

PURPOSE: SPONSORSHIP OF GOLDEN GOOSE AWARD

$2,500

FOUNDATION FOR BIOMEDICAL RESEARCH

Org PageRecipient Profile

Washington, DC

PURPOSE: SPONSORSHIP OF 2014 DEBAKEY AWARDS

$2,500

Washington, DC

PURPOSE: SPONSORSHIP OF CONGRESSIONAL RECEPTION

$500

AMERICAN ASSOCIATION FOR CANCER RESEARCH DEVELOPMENT

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: SUPPORT FOR HILL DAY

$500
View Grant Profile

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 OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$24,633
Ending Balance$24,633

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