FAVER’s total revenue for calendar year 2020 amounted to $11,025,303 and total expenses were $10,395,333.
FAVER’s revenues stem mostly from project specific funding based on the high-quality research proposals submitted by the researchers in our research community.
This table summarizes the statement of functional expenses as submitted to the IRS on FAVER’s “Return of Organization Exempt from Income Tax Form 990.”
|Statement of Functional Expenses||Total||Program||Management|
|Compensation of Current Officers and Key Employees||$137,063||$0||$137,063|
|Other Salaries and Wages||4,081,340||3,589,916||491,424|
|Pension Plans, Other Employee Benefits, and Payroll Taxes||769,494||661,087||108,407|
|Conferences, Conventions, and Meetings||88,109||85,881||2,228|
|Research Material Costs||172,469||153,599||18,870|
|Other Project Costs||521,881||521,881||0|
As of December 2020, FAVER had no fundraising expenses.