Foundation For Advanced Education In The Sciences Inc

Organization Overview

Foundation For Advanced Education In The Sciences Inc, operating under the name Faes, is located in Bethesda, MD. The organization was established in 1964. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 05/2022, Faes employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faes 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 05/2022, Faes generated $41.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $38.1m during the year ending 05/2022. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Faes has awarded 11 individual grants totaling $889,650. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE THE PRODUCTIVITY & ATTRACTIVENESS OF PROFESSIONAL LIFE AT THE NIH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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.


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.


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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wormald Home Construction Llc
General Contractor Housing Construction
$2,358,458
Trustmark Health Benefits Inc
Insurance Claims Tpa
$2,492,729
Clear Real Estate Services Llc
Project Management
$173,375
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$124,750
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$124,750
Total Program Service Revenue$36,801,087
Investment income $559,688
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$787,513
Net Gain/Loss on Asset Sales $4,725,481
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$98,179
Miscellaneous Revenue$0
Total Revenue $41,367,941

Grants Awarded

Over the last fiscal year, Foundation For Advanced Education In The Sciences Inc has awarded $249,049 in support to 2 organizations.

Grant RecipientAmount

NATIONAL INSTITUTES OF HEALTH

PURPOSE: TO BUILD A GIFT STORE ON B1 LEVEL OF BUILDING 10

$224,049

NATIONAL INSTITUTES OF HEALTH OFFICE OF NIH HISTORY STETTEN MUSEUM

PURPOSE: DONATION FOR EXHIBITS/INSTALLATIONS AROUND NIH BETHESDA CAMPUS

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Foundation For Advanced Education In The Sciences Inc has recieved totaling $100,000.

Awarding OrganizationAmount
Bny Mellon Charitable Gift Fund

Boston, MA

PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE

$100,000
View Grant Recipient Profile

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