Federation of American Societies for Experimental Biology

Nonprofit profile at a glance

EIN
520700497
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Rockville, MD, USA
Phone
3016347000
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$12,209,532
Expenses
$14,235,498
Assets
$14,764,646
Liabilities
$3,309,018

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

39 people listed

Executive titles in this filing

  • MARY-ANN BJORNSTI PHD (PRESIDENT)
  • BETH A GARVY PHD (PRESIDENT-ELECT)
  • KEVIN C KREGEL PHD (IMMEDIATE PAST PRESIDENT)
  • MARCELO BONINI PHD (VICE PRESIDENT FOR DEAI)
  • LAUREN M WALKER PHD (VICE PRESIDENT-ELECT FOR DEAI)
  • FRANK J KRAUSE (EXECUTIVE DIRECTOR/CEO)

Highest reported compensation

  • FRANK J KRAUSE (EXECUTIVE DIRECTOR/CEO): $630,142 total reported compensation
  • JENNIFER L ZEITZER DEPUTY (EXEC. DIR./DIR.,PUBLIC AFFAIRS): $348,295 total reported compensation
  • YVETTE SEGER (CHIEF, SCIENCE POLICY/WORKFORCE DEV.): $276,323 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The federation of american societies for experimental biology (faseb) advances health and welfare by promoting progress and education in biological and biomedical sciences through service to its member societies and collaborative advocacy.

What it reported doing in 2024

Diversity, equity, accessibility and inclusion (deai) program - provides a suite of opportunities for working scientists throughout the life sciences. Using a unique, multifaceted approach, faseb's deai program seeks to build representative leadership, foster work environments where researchers can bring their whole selves, and engage with diverse communities across the life sciences. The deai program consists of four opportunities: cares, lead, seed, and friends. Cares helps alleviate financial burdens associated with caregiving, allowing members to pursue critical professional development opportunities. Lead is a reverse mentoring program that pairs an early-career mentor with a senior-level mentee to foster exchange of different perspectives of individual, group, and broader cultural views. Seed is a cohort program focused on developing skills critical to helping participants navigate key educational and professional transitions.

Operating model

Revenue model
Earned-program. 77% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 21
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.5%; rating input score 95
  • Program expense ratio: 74.1%; rating input score 74
  • Fundraising efficiency: $10.75 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 3 of 8 controls in place; rating input score 38
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Limited
    • Conducts field audits: Pass
    • May suspend future funding: Limited
    • Requires financial reports: Pass
    • Conducts site visits: Limited
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -16.6%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 1.04; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 14.4%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: -6.1% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -4.6% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -7.9% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 95.5% of revenue deployed · 74.1% of spending went to programs
  • Governance: 32 of 32 board members independent · 9 of 9 filing controls reported
  • Programs: 6 filed program accomplishments · $10.5M in reported program spending
  • Leadership: top reported pay $630K · 39 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.8M reported
  • Consistency: 42 of 42 current checks pass
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.