Nonprofit · EIN 52-1494164
FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH
Tax-exempt · SCHAUMBURG, IL 60173
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,844,442 | $3,707,688 | $136,754 | $32,787,896 | $2,272,057 | $30,515,839 |
| December 31, 2023 | 990 | $4,154,003 | $5,772,494 | -$1,618,491 | $31,101,797 | $3,166,523 | $27,935,274 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,977,533
- Program service revenue
- $0
- Investment income
- $866,909
- Net gain from sales of assets
- $152,513
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,262,616
- Compensation of officers, directors and key employees
- $140,067
- Other salaries and wages
- $481,952
- Salaries, compensation and benefits (total)
- $791,046
- Professional fundraising fees
- $0
- Accounting fees
- $9,575
- Occupancy
- $34,115
- Travel
- $19,207
- Depreciation
- $2,872
- Program services (functional)
- $3,109,890
- Management and general (functional)
- $323,532
- Fundraising (functional)
- $274,266
Balance sheet and other
- Total assets, start of year
- $31,101,797
- Total assets, end of year
- $32,787,896
- Total liabilities, end of year
- $2,272,057
- Net assets, end of year
- $30,515,839
- Land, buildings and equipment
- $1,484
- Publicly traded securities
- $28,169,169
- Net assets without donor restrictions
- $26,617,076
- Net assets with donor restrictions
- $3,898,763
- Gross receipts
- $9,216,315
- Employees
- 0
- Volunteers
- 148
- Year formed
- 1986
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN REILLY | CEO Officer | 1 | $0 | $627,485 | $107,173 |
| MARK MANKA | CFO Officer | 1 | $0 | $274,747 | $66,031 |
| TREVOR PETERSON | DEVELOPMENT OFFICER Highest-paid employee | 40 | $0 | $131,141 | $37,230 |
| LISA STEININGER | CFO (THRU MARCH 2024) Officer | 1 | $0 | $139,778 | $23,766 |
| MARY LISE JINNO | EXECUTIVE DIRECTOR Officer | 50 | $0 | $109,985 | $30,082 |
| DAVID MARTIN | ADJUNCT MEMBER Trustee or director | 1 | $0 | $3,600 | $0 |
| CRYSTAL WRIGHT | TREASURER Trustee or director, Officer | 2 | $0 | $2,645 | $0 |
| MAX B KELZ | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 | $0 |
| DOLORES B NJOKU | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| RODERIC G ECKENHOFF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES W EMALA SR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MEGHAN LANE-FALL MD MSHP FCCM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL GROPPER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HUGH HEMMINGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CYNTHIA LIEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROGER JOHNS | DIRECTOR Trustee or director | 1 | $0 |
| MAY C M PIAN-SMITH MD MS | DIRECTOR Trustee or director | 1 | $0 |
| GUNISHA KAUR | DIRECTOR Trustee or director | 1 | $0 |
| ZHIYI ZUO | DIRECTOR Trustee or director | 1 | $0 |
| VESNA JEVTOVIC-TODOROVIC | DIRECTOR Trustee or director | 1 | $0 |
| REBECCA A ASLAKSON | DIRECTOR Trustee or director | 1 | $0 |
| CHAD M BRUMMETT | DIRECTOR Trustee or director | 1 | $0 |
| SACHIN KHETERPAL | DIRECTOR Trustee or director | 1 | $0 |
| HELENE BENVENISTE | DIRECTOR Trustee or director | 1 | $0 |
| JUDITH HELLMAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LISA STEININGER | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $408,395 | $76,996 |
| MATTHEW J KREMKE | CEO (THRU NOV 2023) Trustee or director, Officer | 50 | $0 | $227,678 | $56,406 |
| TREVOR PETERSON | DEVELOPMENT OFFICER Highest-paid employee | 40 | $0 | $133,216 | $37,521 |
| STEVEN SHAFER | DIRECTOR (THRU OCT 2023) Trustee or director | 1 | $0 | $33,333 | $0 |
| DAVID MARTIN | ADJUNCT MEMBER Trustee or director | 1 | $0 | $4,400 | $0 |
| CRYSTAL WRIGHT | SECRETARY/TREASURER Officer | 2 | $0 | $4,075 | $0 |
| JAMES C EISENACH | PRESIDENT (THRU DEC 2023) Officer | 5 | $0 | $700 | $0 |
| CHARLES W EMALA SR | DIRECTOR Trustee or director | 1 | $0 | $450 | $0 |
| DONALD ARNOLD | SECRETARY/TREASURER (THRU OCT 2023) Officer | 2 | $0 | $400 | $0 |
| MEGHAN LANE-FALL | DIRECTOR Trustee or director | 1 | $0 | $350 | $0 |
| CHAD M BRUMMETT | DIRECTOR Trustee or director | 1 | $0 | $300 | $0 |
| HARRIET W HOPF | DIRECTOR (THRU OCT 2023) Trustee or director | 1 | $0 | $250 | $0 |
| VESNA JEVTOVIC-TODOROVIC | DIRECTOR Trustee or director | 1 | $0 | $50 | $0 |
| RODERIC G ECKENHOFF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL GROPPER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HUGH HEMMINGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOE KIANI | DIRECTOR (THRU OCT 2023) Trustee or director | 1 | $0 | $0 | $0 |
| CYNTHIA LIEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DOLORES B NJOKU | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MAY PIAN-SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GUNISHA KAUR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ZHIYI ZUO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REBECCA A ASLAKSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROGER JOHNS | BOARD CHAIR (THRU OCT 2023) Trustee or director, Officer | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1061 AMERICAN LN, SCHAUMBURG, IL 60173-4973
- Principal officer (990 for 2024)
- MARK MANKA, 1061 AMERICAN LANE, SCHAUMBURG, IL 601734973
- Signed the 990
- MARK MANKA, CHIEF FINANCIAL OFFICER
- Phone
- (847) 825-5586
- Website
- WWW.FAER.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
DEDICATED TO DEVELOPING THE NEXT GENERATION OF PHYSICIAN-INVESTIGATORS.
Program accomplishments
- 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.Expenses $1,393,844 · grants $1,393,844
- 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.Expenses $144,635 · grants $144,635
- 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.Expenses $295,257 · grants $295,257
- Expenses $1,276,154 · grants $428,880
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1494164
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H90)
- Assets (IRS master file)
- $32,787,896
- Income (IRS master file)
- $9,216,315
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,844,442 | $3,707,688 | $32,787,896 | XML |
| 990 | December 2023 | $4,154,003 | $5,772,494 | $31,101,797 | XML |
| 990 | December 2022 | $3,760,818 | $4,623,149 | $29,148,999 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1494164).
Questions about FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH
- What is the EIN of FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH?
- The employer identification number (EIN) of FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH is 52-1494164.
- Is FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH?
- The 990 for the year ended December 31, 2024 names MARK MANKA.
- Who are the officers and directors of FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH?
- The 990 for the year ended December 31, 2024 lists 25 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION FOR ANESTHESIA EDUCATION AND RESEARCH have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,844,442, expenses of $3,707,688 and total assets of $32,787,896 at year end.
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