Finances

FAVER’s total revenue for calendar year 2021 amounted to $13,848,947 and total expenses were $13,608,349.

FAVER’s revenues stem mostly from project specific funding based on the high-quality research proposals submitted by the researchers in our research community.

FY 2021 Funding Sources

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 $136,694 $0 $136,694
Other Salaries and Wages 4,623,097 4,160,787 462,310
Pension Plans, Other Employee Benefits, and Payroll Taxes 693,179 491,016 202,163
Legal Fees 7,468 4,825 2,643
Accounting Fees 21,400 0 21,400
Other Fees 527,536 501,105 26,431
Office Expenses 67,912 65,722 2,190
Information Technology 14,355 6,124 8,231
Dues and Subscriptions 39,024 28,760 10,264
Travel 4,332 4,332 0
Conferences, Conventions, and Meetings 59,272 58,943 329
Depreciation 58,859 0 58,859
Insurance 50,861 21,642 29,219
Research Material Costs 94,944 86,601 8,343
Other Project Costs 2,013,429 2,013,429 0
Subawards 5,101,946 5,101,946 0
Other 94,041 82,627 11,414
Total $13,608,349 $12,627,859 $980,490

As of December 2021, FAVER had no fundraising expenses.

opens in a new window2021 IRS Form 990opens PDF file