Overview
What is Foundation For Advanced Education In The Sciences Inc?
Foundation For Advanced Education In The Sciences Inc, also known as FAES, is a nonprofit organization located at the National Institutes of Health (NIH) in Bethesda, Maryland. Their mission is to enhance the professional experience at NIH by offering advanced educational programs and supporting activities. FAES serves primarily NIH trainees, or fellows, who are ineligible for federal health insurance. During the year, this program provided health, vision, and dental insurance to over 6,000 individuals. By offering excellent benefits, affordable annual maximums, and low out-of-pocket expenses, FAES promotes productivity and attractiveness of professional life at NIH, complementing NIH's mission in research and training in the biomedical sciences. With a workforce of 36 employees, FAES strengthens the NIH community.
Official website here: www.faes.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% (Four-Star out of Four Star rating)
The Foundation For Advanced Education In The Sciences Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score in major areas such as independent board membership and oversight, the organization demonstrates a commitment to transparency and effective governance. The high program expense ratio of 97.73% indicates that the vast majority of its funds are directed towards fulfilling its mission.
The foundation's adherence to best practices is evident in its robust policies, including conflict of interest and whistleblower policies, which foster ethical operations. Additionally, the organization has no reported issues related to the diversion of assets, further underscoring its integrity and reliability as a nonprofit.
While the ratings highlight significant strengths, potential donors may still want to review specific program outcomes and impact metrics to better understand the foundation's effectiveness in achieving its objectives. Overall, the foundation appears to be well-managed and dedicated to its mission, making it a worthwhile consideration for contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Advanced Education In The Sciences Inc legitimate?
Foundation For Advanced Education In The Sciences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Advanced Education In The Sciences Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,070,149
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,561,036
For more financial information, click here
Official website here: www.faes.org
What is the mission statement of Foundation For Advanced Education In The Sciences Inc?
The Foundation For Advanced Education In The Sciences Inc focuses on enhancing the professional experience in the scientific community. Based in the National Institutes of Health (NIH), the foundation runs educational programs and supporting activities to boost productivity and attractiveness of professional life on NIH campuses. These initiatives complement the research and training efforts of NIH in the biomedical sciences.
Official website here: www.faes.org
Who is the CEO of Foundation For Advanced Education In The Sciences Inc?
Christina Fairias Mba is the Principal Officer of Foundation For Advanced Education In The Sciences Inc. The CEO's salary of Foundation For Advanced Education In The Sciences Inc is $352,299 and their total compensation is $398,387.
Official website here: www.faes.org
What is the revenue of Foundation For Advanced Education In The Sciences Inc?
Foundation For Advanced Education In The Sciences Inc's revenue in 2022 was $41,367,941.
Official website here: www.faes.org
Who are the executives of Foundation For Advanced Education In The Sciences Inc and what are their salaries?
The average compensation at Foundation For Advanced Education In The Sciences Inc during 2022 was $73,088. There are 36 employees and 60 volunteers at Foundation For Advanced Education In The Sciences Inc.
Here are 33 key members and their salaries (Foundation For Advanced Education In The Sciences Inc's CEO's salary is $352,299 and their total compensation is $398,387):
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- Compensation: $352,299
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- Other: $46,088
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Official website here: www.faes.org
Where can I find the form 990 for Foundation For Advanced Education In The Sciences Inc?
Foundation For Advanced Education In The Sciences Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.faes.org
Learn more at the official website: www.faes.org
Mission Statement of Foundation For Advanced Education In The Sciences Inc
The Foundation For Advanced Education In The Sciences Inc, often referred to as FAES, is a nonprofit organization that plays a crucial role in enhancing the productivity and attractiveness of professional life at the National Institutes of Health (NIH). FAES's mission is geared towards complementing the work of NIH in accomplishing its mission of research and training in the biomedical sciences.
In simple terms, FAES designs and conducts advanced educational programs and supporting activities that cater to the professional growth of individuals at the NIH campuses. These initiatives aim to foster a productive and engaging work environment, ultimately contributing to the success of NIH's research and training efforts. FAES programs provide valuable opportunities for continuous learning, ensuring that the professionals at NIH remain at the forefront of their respective fields.
FAES's advanced educational programs cover a wide range of topics, from cutting-edge research methodologies to professional development skills. These programs are tailored to the specific needs of the NIH community, ensuring that they are relevant and impactful. Furthermore, FAES supports various activities that promote a vibrant and engaging work culture, including workshops, seminars, and networking events. By offering these opportunities, FAES helps to attract and retain top talent within the organization, ensuring that NIH remains a hub of excellence in biomedical research and training.
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Impact
October, 2024
Foundation For Advanced Education In The Sciences Inc. significantly enhances the professional environment at the National Institutes of Health (NIH) by providing essential support services aimed at improving the well-being of NIH trainees. By offering health insurance administrative services and plan sponsorships specifically for those ineligible for federal health coverage, FAES addresses a critical need among over 6,000 NIH fellows.
This initiative not only ensures that these trainees have access to comprehensive health, vision, and dental insurance with excellent benefits and low out-of-pocket expenses, but it also directly influences their productivity and overall professional satisfaction. By promoting a supportive and attractive work life for these emerging scientists, FAES effectively bolsters the NIH mission of advancing research and training in the biomedical sciences. The organization's efforts contribute to a dynamic academic community where focus on education and career development is paramount, fostering an environment ripe for innovation and scientific advancement.
This information is meant to be a general summary of Foundation For Advanced Education In The Sciences Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,285,169
- Program Service Revenue: $36,801,087
- Gross Receipts: $67,727,896
Assets and Liabilities:
- Total Assets: $54,757,501
- Total Liabilities: $5,686,327
- Net Assets: $49,071,174
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE SUBSCRIPTIONS
Revenue
$34,652,952
CONFERENCE REVENUE
Revenue
$996,651
TUITION & SCHOOL FEES
Revenue
$762,547
NIH TRAINEE OCCUPANCY FEES
Revenue
$388,937
Organization Details
Founding Year
1959
Phone
(301) 594-8985Principal Officer
Christina Fairias Mba
Main Address
10 CENTER DRIVE RM 1N241-MSC 1115, BETHESDA, MD, 208921115
Website
www.faes.orgNTEE Category
Code: B82Z - Education
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