Foundation For Anesthesia Education And Research
- Assets
- $35.2m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 52-1494164
Organization Overview
Foundation For Anesthesia Education And Research is located in Schaumburg, IL. The organization was established in 1988. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Anesthesia Education And Research 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, Foundation For Anesthesia Education And Research generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Foundation For Anesthesia Education And Research has awarded 229 individual grants totaling $20,821,584. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPING THE NEXT GENERATION OF PHYSICIAN-INVESTIGATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTORED RESEARCH TRAINING GRANT PROGRAM OFFERS TWO-YEAR $250,000 GRANTS FOR ANESTHESIA FACULTY MEMBERS WHO HAVE COMPLETED THEIR CORE ANESTHESIOLOGY RESIDENCIES WITHIN THE PAST TEN YEARS. THE GRANT PROGRAM COVERS HEALTH SERVICES RESEARCH, CLINICAL OR TRANSLATIONAL TRAINING GRANTS AND BASIC SCIENCE.
THE RESEARCH IN EDUCATION GRANT PROGRAM (REG) OFFERS TWO-YEAR $100,000 GRANTS FOR FACULTY MEMBERS OF ANY RANK. THE PROGRAM IS FOCUSED ON DEVELOPING INNOVATIVE TECHNIQUES FOR ANESTHESIA EDUCATION. THE GRANT ADVANCES THE CAREERS AND KNOWLEDGE OF ANESTHESIOLOGISTS INTERESTED IN IMPROVING THE CONCEPTS, METHODS, AND TECHNIQUES OF EDUCATION IN ANESTHESIOLOGY.
THE MEDICAL STUDENT ANESTHESIA RESEARCH FELLOWSHIP SUMMER VIRTUAL PROGRAM PROVIDES MEDICAL STUDENTS WITH AN 8-WEEK VIRTUAL SERIES OF ONLINE ANESTHESIA RESEARCH CONTENT. THE SERIES INCLUDES PANEL PRESENTATIONS, JOURNAL CLUBS ON RECENT LITERATURE, AND THE OPPORTUNITY TO CONNECT WITH A MENTOR AND OTHER STUDENTS IN SMALL GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Kremke Executive Director | OfficerTrustee | 1 | $196,862 |
Zeev N Kain Former Director 2021 | Trustee | 1 | $0 |
Steven Shafer Director | Trustee | 1 | $0 |
Andrew D Rosenberg Adjunct Member | Trustee | 1 | $0 |
Roderic G Eckenhoff Director | Trustee | 1 | $0 |
Rebecca A Aslakson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,600,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,177,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,777,059 |
| Total Program Service Revenue | $0 |
| Investment income | $625,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $252,208 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,655,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,811,438 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $566,946 |
| Pension plan accruals and contributions | $57,778 |
| Other employee benefits | $100,756 |
| Payroll taxes | $29,178 |
| Fees for services: Management | $27,661 |
| Fees for services: Legal | $1,293 |
| Fees for services: Accounting | $17,403 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,789 |
| Fees for services: Other | $1,375 |
| Advertising and promotion | $24,135 |
| Office expenses | $10,245 |
| Information technology | $86,025 |
| Royalties | $0 |
| Occupancy | $31,830 |
| Travel | $20,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,202 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,872 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,029,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,324,368 |
| Savings and temporary cash investments | $91,324 |
| Pledges and grants receivable | $139,150 |
| Accounts receivable, net | $0 |
| 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 | $26,252 |
| Net Land, buildings, and equipment | $10,099 |
| Investments—publicly traded securities | $33,622,787 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,213,980 |
| Accounts payable and accrued expenses | $49,917 |
| Grants payable | $2,850,000 |
| Deferred revenue | $0 |
| 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 | $134,619 |
| Total liabilities | $3,034,536 |
| Net assets without donor restrictions | $28,952,725 |
| Net assets with donor restrictions | $3,226,719 |
| 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 | $35,213,980 |
Grants Awarded
Over the last fiscal year, Foundation For Anesthesia Education And Research has awarded $2,950,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: APSF-MRTG-02-15-2020-GAULTON (TIMOTHY) | $150,000 |
CHILDRENS HOSPITAL LOS ANGELES PURPOSE: APSF-FAER-MRTG-02-15-2021-TAN (JONATHAN) | $150,000 |
Philadelphia, PA PURPOSE: MRTG-02-15-2019-BEDELL (VICTORIA) | $125,000 |
UNIVERSITY OF WASHINGTON PURPOSE: MRTG-02-15-2019-LI (LI) | $125,000 |
Philadelphia, PA PURPOSE: MRTG-02-15-2021-CICHON (JOSEPH) | $125,000 |
THE BRIGHAM AND WOMEN'S HOSPITAL INC PURPOSE: MRTG-02-15-2019-SOENS (MIEKE) | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Foundation For Anesthesia Education And Research has recieved totaling $1,637,793.
| Awarding Organization | Amount |
|---|---|
American Society Of Anesthesiologists Schaumburg, IL PURPOSE: OPERATION SUPPORT | $1,600,000 |
Society For Pediatric Anesthesia Richmond, VA PURPOSE: ADVANCEMENT OF MEDICINE THROUGH RESEARCH AND EDUCATIONAL PROGRAMS IN ANESTHESIOLOGY | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $8,850 |
Minnesota Society Of Anesthesiologists Milwaukee, WI PURPOSE: GENERAL SUPPORT | $8,580 |
Organization Name not Listed PURPOSE: DEVELOPING THE NEXT GENERATION OF PHYSICIAN-SCIENTISTS IN ANESTHESIOLOGY. | | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $363 |
Endowment Analysis
| Beg. Balance | $527,401 |
| Earnings | $44,441 |
| Admin Expense | $335 |
| Ending Balance | $571,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regenstrief Foundation Inc Indianapolis, IN | $0 | $6,850,830 |
Mercy Research Springfield, MO | $1,873,704 | $4,182,009 |
Wicell Research Institute Inc Madison, WI | $4,969,313 | $7,939,160 |
American Burn Association Inc Chicago, IL | $2,908,439 | $4,571,563 |
Dermatology Foundation Evanston, IL | $62,543,237 | $7,135,637 |
Foundation For Anesthesia Education And Research Schaumburg, IL | $35,213,980 | $3,655,249 |
Angelman Syndrome Foundation Inc Aurora, IL | $2,249,648 | $3,676,179 |
American Academy Of Sleep Medicine Foundation Darien, IL | $17,841,323 | $3,412,660 |
Anesthesia Patient Safety Foundation Schaumburg, IL | $16,092,814 | $2,466,002 |
Orthopaedic Research Society Rosemont, IL | $7,471,451 | $2,301,601 |
The Knee Society Inc Schaumburg, IL | $4,620,112 | $1,876,790 |
Oral And Maxillofacial Surgery Foundation Rosemont, IL | $19,223,310 | $2,359,091 |