Food And Drug Law Institue Inc
- Assets
- $4.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 25
- Location
- Washington, DC
- Founding
- 05/1951
- Data as of
- 12/2021
- EIN
- 13-1820189
Organization Overview
Food And Drug Law Institue Inc, operating under the name Fdli, is located in Washington, DC. The organization was established in 1951. According to its NTEE Classification (I80) the organization is classified as: Legal Services, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Fdli employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fdli is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Fdli generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES EDUCATION, TRAINING AND PUBLICATIONS ON TOPICAL FOOD AND DRUG LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS - FDLI HOLDS MORE THAN 40 TRAINING, WEBINARS AND CONFERENCES EACH YEAR ON TOPICS RELATED TO FOOD AND DRUG LAW. THESE OFFERINGS PROVIDE COMPREHENSIVE DISCUSSION OF MAJOR POLICY, LEGISLATIVE, REGULATORY AND ENFORCEMENT ACTIONS AND JUDICIAL DECISIONS AND PROVIDES EDUCATION AND TRAINING IN THE PRACTICE OF FOOD AND DRUG LAW AND REGULATION.
EDUCATION - ANNUALLY THE INSTITUE SPONSORS A WRITING AWARD COMPETITION WITH EMPHASIS ON FOOD, MEDICAL DEVICES AND DRUGS.
MEMBERSHIP - DIVERSE MEMBERSHIP OF MORE THAN 7,500 MEMBERS IN THE AREAS OF FOOD, DRUGS, ANIMAL DRUGS, BIOLOGICS, COSMETICS, DIAGNOSTICS, DIETARY SUPPLEMENTS, MEDICAL DEVICES AND TOBACCO. MEMBERS INTERACT REGULARLY BY PARTICIPATING IN CONFERENCES, WRITING FOR PUBLICATIONS AND ENGAGING IN COMMITTEES. MEMBER BENEFITS INCLUDE AN INFORMATIONAL RESOURCE CENTER, DISCOUNTS ON EDUCATIONAL PUBLICATIONS AND CONFERENCES AND OPPORTUNITIES TO PARTICIPATE AND CONTRIBUTE TO DIALOGUE ON POLICY AND LEGISLATION.
PUBLICATIONS - FDLI PRODUCES APPROXIMATELY 10 PUBLICATIONS EACH YEAR ADDRESSING ISSUES IN THE FOOD AND DRUG LAW FIELD INCLUDING THE AWARD WINNING, PEER REVIEWED FOOD AND DRUG LAW JOURNAL (PUBLISHED QUARTERLY), THE QUARTERLY UPDATE MAGAZINE AND OTHER RESOURCE BOOKS FOR FOOD AND DRUG LAW PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Freddy Jimenez Chair | OfficerTrustee | 2 | $0 |
Daniel Kracov Immed. Past | OfficerTrustee | 2 | $0 |
Frederick Ball Treasurer | OfficerTrustee | 2 | $0 |
Amy Norris Scretary And | OfficerTrustee | 2 | $0 |
Ricardo Carvajal Director | Trustee | 1 | $0 |
Dean Cirotta Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,615 |
| Investment income | $90,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,454 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,553,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $505,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,416,464 |
| Pension plan accruals and contributions | $124,162 |
| Other employee benefits | $131,359 |
| Payroll taxes | $142,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,966 |
| Fees for services: Other | $108,142 |
| Advertising and promotion | $0 |
| Office expenses | $91,527 |
| Information technology | $195,507 |
| Royalties | $0 |
| Occupancy | $3,415 |
| Travel | $466 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,981 |
| Interest | $1,186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,289 |
| Insurance | $26,773 |
| All other expenses | $0 |
| Total functional expenses | $3,165,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25 |
| Savings and temporary cash investments | $1,765,669 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $91,351 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $79,467 |
| Investments—publicly traded securities | $2,344,350 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,598 |
| Total assets | $4,389,476 |
| Accounts payable and accrued expenses | $262,136 |
| Grants payable | $0 |
| Deferred revenue | $654,298 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $700,194 |
| Total liabilities | $1,616,628 |
| Net assets without donor restrictions | $2,290,156 |
| Net assets with donor restrictions | $482,692 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,772,848 |