Civic Intelligence

Foundation for Anesthesia Education and Research

EIN 52-1494164 • 501(c)3 • Schaumburg, IL

Profile

Foundation for anesthesia education and research (faer) is a charitable 501(c)(3) organization whose mission is to advance medicine through education and research in anesthesiology.

1061 American LaneSchaumburg, IL 60173-4973

www.faer.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

31st percentile

0.07x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.59x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

48th percentile

3.6%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$734,658

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

50th percentile

5.4%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-7.5%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$32,787,896

Up $1,686,099 (+5.4%) from 2023

Liabilities

Down

$2,272,057

Down $894,466 (-28%) from 2023

Net Assets

Up

$30,515,839

Up $2,580,565 (+9.2%) from 2023

Revenue

Down

$3,844,442

Down $309,561 (-7.5%) from 2023

Expenses

Down

$3,707,688

Down $2,064,806 (-36%) from 2023

Net Income

Up

$136,754

Up $1,755,245 (+108%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $20,717,372Liabilities 2010: $532,795Net Assets 2010: $20,184,5772010Assets 2011: $20,225,969Liabilities 2011: $552,135Net Assets 2011: $19,673,8342011Assets 2012: $22,615,058Liabilities 2012: $821,485Net Assets 2012: $21,793,5732012Assets 2013: $24,880,033Liabilities 2013: $734,702Net Assets 2013: $24,145,3312013Assets 2014: $24,592,571Liabilities 2014: $738,038Net Assets 2014: $23,854,5332014Assets 2015: $23,945,749Liabilities 2015: $1,735,894Net Assets 2015: $22,209,8552015Assets 2016: $24,931,616Liabilities 2016: $1,877,931Net Assets 2016: $23,053,6852016Assets 2017: $27,664,175Liabilities 2017: $2,034,061Net Assets 2017: $25,630,1142017Assets 2018: $24,538,015Liabilities 2018: $1,945,714Net Assets 2018: $22,592,3012018Assets 2019: $28,589,539Liabilities 2019: $2,100,071Net Assets 2019: $26,489,4682019Assets 2020: $32,482,963Liabilities 2020: $3,082,563Net Assets 2020: $29,400,4002020Assets 2021: $35,213,980Liabilities 2021: $3,034,536Net Assets 2021: $32,179,4442021Assets 2022: $29,148,999Liabilities 2022: $3,150,772Net Assets 2022: $25,998,2272022Assets 2023: $31,101,797Liabilities 2023: $3,166,523Net Assets 2023: $27,935,2742023Assets 2024: $32,787,896Liabilities 2024: $2,272,057Net Assets 2024: $30,515,8392024

Highlighted filing

2024

Assets$32,787,896
Liabilities$2,272,057
Net Assets$30,515,839

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,023,8052010Revenue 2011: $3,653,423Expenses 2011: $2,788,443Net Income 2011: $864,9802011Expenses 2012: $2,966,1072012Revenue 2013: $3,837,399Expenses 2013: $3,396,100Net Income 2013: $441,2992013Revenue 2014: $3,649,104Expenses 2014: $3,643,545Net Income 2014: $5,5592014Revenue 2015: $3,792,232Expenses 2015: $4,462,522Net Income 2015: -$670,2902015Revenue 2016: $3,276,979Expenses 2016: $3,819,343Net Income 2016: -$542,3642016Revenue 2017: $3,634,009Expenses 2017: $3,821,247Net Income 2017: -$187,2382017Revenue 2018: $3,834,572Expenses 2018: $4,466,489Net Income 2018: -$631,9172018Revenue 2019: $3,748,733Expenses 2019: $3,837,304Net Income 2019: -$88,5712019Revenue 2020: $3,766,094Expenses 2020: $3,438,786Net Income 2020: $327,3082020Revenue 2021: $3,655,249Expenses 2021: $4,029,732Net Income 2021: -$374,4832021Revenue 2022: $3,760,818Expenses 2022: $4,623,149Net Income 2022: -$862,3312022Revenue 2023: $4,154,003Expenses 2023: $5,772,494Net Income 2023: -$1,618,4912023Revenue 2024: $3,844,442Expenses 2024: $3,707,688Net Income 2024: $136,7542024

Highlighted filing

2024

Revenue$3,844,442
Expenses$3,707,688
Net Income$136,754

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.8$2.27$30.5$3.84$3.71$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.1$3.17$27.9$4.15$5.77$1.62
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$3.15$26.0$3.76$4.62$0.86
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.2$3.03$32.2$3.66$4.03$0.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.5$3.08$29.4$3.77$3.44$0.33
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.6$2.10$26.5$3.75$3.84$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.5$1.95$22.6$3.83$4.47$0.63
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.7$2.03$25.6$3.63$3.82$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.9$1.88$23.1$3.28$3.82$0.54
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.9$1.74$22.2$3.79$4.46$0.67
2014Detailed filing. Detailed filing data is available for this year.$24.6$0.74$23.9$3.65$3.64$0.01
2013Detailed filing. Detailed filing data is available for this year.$24.9$0.73$24.1$3.84$3.40$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.6$0.82$21.8$2.97
2011Summary only. Only limited summary data is available for this year.$20.2$0.55$19.7$3.65$2.79$0.86
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$0.53$20.2$2.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 15, 2025
Return Version
2024v5.2
Gross Receipts
$9,216,315
Mission and Program Overview

Mission

Foundation for anesthesia education and research (faer) is a charitable 501(c)(3) organization whose mission is to advance medicine through education and research in anesthesiology.

Developing the next generation of physician-investigators.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$25,409,938$28,169,169▲ $2,759,231
Investments Other Securities$2,869,067$2,911,504▲ $42,437
Savings and Temporary Cash Investments$32,095$402,084▲ $369,989
Cash and Non-Interest-Bearing Accounts$1,374,925$138,429▼ $1,236,496
Pledges and Grants Receivable$74,624$101,580▲ $26,956
Prepaid Expenses and Deferred Charges$7,905$9,881▲ $1,976
Land, Buildings, and Equipment, Net$4,356$1,484▼ $2,872
Total Assets$31,101,797$32,787,896▲ $1,686,099
Other Assets Total$1,328,887$1,053,765▼ $275,122
Liabilities
Grants Payable$3,012,500$1,675,000▼ $1,337,500
Other Liabilities$52,012$497,399▲ $445,387
Accounts Payable and Accrued Expenses$102,011$99,658▼ $2,353
Total Liabilities$3,166,523$2,272,057▼ $894,466
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$24,509,413$26,617,076▲ $2,107,663
Net Assets With Donor Restrictions$3,425,861$3,898,763▲ $472,902
Total Net Assets Fund Balance$27,935,274$30,515,839▲ $2,580,565
Total Liabilities and Net Assets / Fund Balance$31,101,797$32,787,896▲ $1,686,099

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,484$29,081$30,565
Other Securities$2,911,504--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$564,802-▲ $49,019-$613,448
2023$500,560-▲ $64,557-$564,802
2022$571,507-▼ $70,630-$500,560
2021$527,401-▲ $44,441-$571,507
2020$490,365-▲ $37,572-$527,401
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Mary Lise JinnoExecutive DirectorFT$140,067$140,067
David MartinAdjunct Member-$3,600$3,600
Crystal WrightTreasurer-$2,645$2,645

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
The Clinical Practices Of The UniversityResearch Services1500 MARKET ST 10TH FL WEST TOWER, Philadelphia, PA 19102$124,854
Revenue and Support

Revenue Composition

Contributions and Grants
$2,977,533
Program Service Revenue
$0
Investment Income
$866,909
Other Revenue
$0
All Other Contributions
$1,377,533
Change in Net Assets
$136,754

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,820,354
Revenue Not Reported on Financial Statements
$24,088
Revenue Not Reported on Form 990
$2,217,931
Total Revenue per Audited Statements
$6,038,285
Total Revenue per Form 990
$3,844,442
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,262,616
Salaries, Compensation, and Employee Benefits$791,046
Other Expenses$654,026
Total Fundraising Expense$274,266
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,262,616--$2,262,616
Other Salaries and Wages$175,567$151,471$154,914$481,952
Information Technology$217,164--$217,164
Current Officers, Directors, Trustees, and Key Employees$51,024$44,021$45,022$140,067
Conferences and Meetings$113,435-$17,440$130,875
Other Employee Benefits$29,624$25,558$26,139$81,321
Advertising$60,928--$60,928
Pension Plan Contributions$19,449$16,779$17,161$53,389
Payroll Taxes$12,501$10,786$11,030$34,317
Occupancy-$34,115-$34,115
Fees for Service Investment Mgmnt Fees-$24,088-$24,088
Travel$16,647-$2,560$19,207
Other Expenses$16,506--$16,506
Office Expenses-$13,842-$13,842
Fees for Services Accounting$9,575--$9,575
Depreciation Depletion-$2,872-$2,872
Total Functional Expenses$3,109,890$323,532$274,266$3,707,688

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,707,688
Expenses per Audited Statements$3,457,720
Total Expenses per Audited Statements$3,457,720
Expenses Not Reported on Financial Statements$249,968
Other Expense Adjustments$225,880
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Trustees of the University of PennsylvaniaPhiladelphia, PA501c3Mentored Research Training Grant$300,000
Beth Israel Deaconess Medical CenterBoston, MA501c3Mentored Research Training Grant$250,000
Johns Hopkins UniversityBaltimore, MD501c3Mentored Research Training Grant$250,000
University of California Los AngelesLos Angeles, CA501c3Mrtg Scholarship$250,000
University of California San FranciscoLos Angeles, CA501c3Mentored Research Training Grant$250,000
Washington University in St LouisSt Louis, MO501c3Mentored Research Training Grant$250,000
Weill Medical College of Cornell MedicineNew York, NY501c3Mentored Research Training Grant$250,000
Beth Israel Deaconess Medical CenterBoston, MA501c3Research in Education Grant$100,000
Richmond Institute for Veterans ResearchRichmond, VA501c3Research in Education Grant$100,000
The University of AlabamaBirmingham, AL501c3Research Fellowship Grant$75,000
Trustees of the University of PennsylvaniaPhiladelphia, PA501c3Transition to Independence Grant$75,000

International Summary

Offices
0
Employees
0
Spending
$2,911,504

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,InvestmentsInvestments00$2,911,504
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$299,361
Due to Related Party$198,038
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization utilizes the management of american society of anesthesiologists, inc. (asa) to provide certain program and administrative services.

Form 990, Part VI, Section A, Line 6

The american society of anesthesiologists (asa) is the corporation's sole member.

Form 990, Part VI, Section A, Line 7A

Directors of the corporation shall be elected by majority vote of the board of directors of asa, pursuant to nomination by asa's president. Such election shall occur at the annual meeting of the asa board of directors.

Form 990, Part VI, Section B, Line 11B

The board retains the services of an independent cpa firm to prepare the foundation for anesthesia education and research's form 990. Management participates consistently in the preparation. The governing body is provided a reasonable amount of time to review the return and ask any questions directly to the foundation for anesthesia education and research management.

Form 990, Part VI, Section B, Line 12C

On an annual basis, faer board members and officers are required to disclose whether or not they have any potential conflicts of interest and, if so, are required to describe them. Board members are required to abstain from voting on any issues where they have a potential conflict. The members who have a conflict must fill out a form to describe the conflict. Faer management maintains the completed forms for the organization.

Form 990, Part VI, Section B, Line 15

The organization established a compensation and personnel committee that is responsible for determining appropriate compensation for all individuals retained by faer using the irs rebuttable presumption test.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available through applicable government agencies; the conflict of interest policy is available upon written request to the organization.

Filing and Contact Details

Filer

Filer Name
Foundation for Anesthesia Education
EIN
52-1494164
Phone
8478255586
Address
1061 AMERICAN LANE, SCHAUMBURG, IL 60173-4973

Signing Officer

Name
Mark Manka
Title
Chief Financial Officer
Phone
8472689220
Signed
2025-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Manka
Formed
1986
Legal Domicile
De
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
148

Preparer

Firm
Cliftonlarsonallen Llp
Address
2021 SPRING ROAD SUITE 200, OAK BROOK, IL 60523
Preparer
Thure Ross CPA
Phone
6305738600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in beneficial interest 28,799. Returned grant funds 225,880.

FORM 990, PART XII, LINE 2C:

The board of directors is responsible for oversight of the audit and the selection of an independent cpa firm.

Financial Statement Notes

PART V, LINE 4:

The organization established the board-designated endowment to help support future operations.

PART X, LINE 2:

The foundation is exempt from income tax under provisions of internal revenue code section 501(c)(3). Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service or other applicable taxing authorities. Management has analyzed the tax positions taken by the foundation and has concluded that as of december 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in beneficial interest in trust 28,799.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Returned grant funds 225,880.

Raw XML AppendixShowing 400 of 986 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum08472689220
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01061 AMERICAN LANE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SCHAUMBURG
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IRS990/Form990PartVIISectionAGrp/PersonNm3RODERIC G ECKENHOFF
IRS990/Form990PartVIISectionAGrp/PersonNm4CHARLES W EMALA SR
IRS990/Form990PartVIISectionAGrp/PersonNm5MEGHAN LANE-FALL MD MSHP FCCM
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL GROPPER
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IRS990/Form990PartVIISectionAGrp/PersonNm21MARK MANKA
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19ADJUNCT MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt22CFO (THRU MARCH 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt23CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt24DEVELOPMENT OFFICER
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE 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.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE 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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