Association Of Clinical Research Professionals
- Assets
- $5.7m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Alexandria, VA
- Founding
- 12/1984
- Data as of
- 12/2022
- EIN
- 23-2166231
Organization Overview
Association Of Clinical Research Professionals, operating under the name Acrp, is located in Alexandria, VA. The organization was established in 1984. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2023, Acrp employed 26 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Acrp 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 12/2022, Acrp generated $8.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $6.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EXCELLENCE IN CLINICAL RESEARCH.
Describe the Organization's Program Activity:
EDUCATION - PROVIDE TRAINING AND DEVELOPMENT FOR CLINICAL RESEARCH PROFESSIONALS WORLDWIDE.
CERTIFICATION - EXAMS DESIGNED TO VALIDATE THE SKILLS AND KNOWLEDGE OF CLINICAL RESEARCH PROFESSIONALS.
PROFESSIONAL DEVELOPMENT - HELP CLINICAL RESEARCH ORGANIZATIONS OVERCOME CHALLENGES IN TALENT RECRUITMENT, STAFF DEVELOPMENT, AND BRAND EXPOSURE WITH INDUSTRY-LEADING SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Stevens Immediate Past Chair | OfficerTrustee | 1 | $0 |
David Morin Chair | OfficerTrustee | 1 | $0 |
Christine Senn Vice Chair | OfficerTrustee | 1 | $0 |
Sergio Armani Treasurer | OfficerTrustee | 1 | $0 |
Mo Ali Trustee | Trustee | 1 | $0 |
Anne Blanchard Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cordia Partners Accounting | 12/30/21 | $153,246 |
Markstein Consulting Llc Consulting | 12/30/21 | $128,781 |
Prosourcing Partners Consulting | 12/30/21 | $146,087 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $417,818 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,121 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,939 |
| Total Program Service Revenue | $6,497,515 |
| Investment income | $160,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22,714 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $264,645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,006,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $356,705 |
| Compensation of current officers, directors, key employees. | $107,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,156,679 |
| Pension plan accruals and contributions | $77,443 |
| Other employee benefits | $244,779 |
| Payroll taxes | $178,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,131 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,345 |
| Fees for services: Other | $1,426,441 |
| Advertising and promotion | $11,117 |
| Office expenses | $215,560 |
| Information technology | $444,257 |
| Royalties | $0 |
| Occupancy | $403,016 |
| Travel | $525,409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,283 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $197,548 |
| Insurance | $42,702 |
| All other expenses | $0 |
| Total functional expenses | $6,893,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $509,204 |
| Savings and temporary cash investments | $569,255 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $312,220 |
| 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 | $88,891 |
| Net Land, buildings, and equipment | $147,231 |
| Investments—publicly traded securities | $3,894,346 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $159,343 |
| Total assets | $5,680,490 |
| Accounts payable and accrued expenses | $745,568 |
| Grants payable | $0 |
| Deferred revenue | $1,401,397 |
| 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 | $1,693,183 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,069,532 |
| Total liabilities | $4,909,680 |
| Net assets without donor restrictions | $697,903 |
| Net assets with donor restrictions | $72,907 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,680,490 |