Drug Information Association Inc
- Assets
- $24.5m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 59
- Location
- Washington, DC
- Founding
- 07/1973
- Data as of
- 12/2022
- EIN
- 23-7311318
Organization Overview
Drug Information Association Inc is located in Washington, DC. The organization was established in 1973. 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 12/2022, Drug Information Association Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drug Information Association Inc 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, Drug Information Association Inc generated $19.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $22.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. 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
DIA PROVIDES INFORMATION TO FOSTER WORLDWIDE INNOVATIVE HEALTH OUTCOMES.
Describe the Organization's Program Activity:
DIA PROVIDES PROGRAMS TO DEVELOP, STRENGTHEN, AND SUPPORT COLLABORATION WITH POLICY MAKERS, INDUSTRY REPRESENTATIVES, PUBLIC HEALTH AUTHORITIES, ACADEMIA AND OTHER HEALTHCARE STAKEHOLDERS.
PUBLICATIONS: THERAPEUTIC INNOVATION & REGULATORY SCIENCE PUBLICATION (TIRS) IS THE OFFICIAL JOURNAL OF DIA. ITS MISSION IS TO ADVANCE HEALTHCARE PRODUCT DISCOVERY, DEVELOPMENT, REGULATION, AND USE THROUGH THE PUBLICATION OF PEER-REVIEWED ARTICLES AND COMMENTARIES ACROSS THE SPECTRUM OF CONVERTING BIOMEDICAL SCIENCE INTO PRACTICAL SOLUTIONS TO ADVANCE HUMAN HEALTH. IT IS PUBLISHED IN ODD NUMBER MONTHS, JANUARY, MARCH, MAY, JULY, SEPTEMBER, AND NOVEMBER. DIA ALSO PUBLISHES THE GLOBAL FORUM, ANOTHER E-PUBLICATION. IT OFFERS EXPERT GLOBAL AND REGIONAL COVERAGE OF DISCOVERY, DEVELOPMENT, REGULATION, SURVEILLANCE, AND MARKETING OF HEALTHCARE PRODUCTS, INCLUDING INTERVIEWS WITH LEADERS AND TOPICAL SUMMARIES FROM EDUCATIONAL EVENTS. IT IS PUBLISHED MONTHLY.
IN 2022 DIA HELD MORE THAN 54 MEETINGS AND WORKSHOPS WORLDWIDE, DIA ATTRACTED OVER 16,900 PARTICIPANTS TO MEETINGS AND WORKSHOPS IN THE UNITED STATES, EUROPE, CHINA, JAPAN AND INDIA. AMONG THESE EVENTS, THE DIA GLOBAL ANNUAL MEETING, THE LEADING GLOBAL CONFERENCE ON PHARMACEUTICAL INFORMATION AND EDUCATION, ATTRACTED OVER 5,000 PARTICIPANTS FROM THE US AND ACROSS THE WORLD. THE DIA EUROPEAN ANNUAL MEETING, WHICH IS RECOGNIZED AS ONE OF THE PREMIER FORUMS FOR THE EXCHANGE OF INFORMATION IN THE EUROPEAN MEDICAL/PHARMACEUTICAL COMMUNITY, ATTRACTED 480 PARTICIPANTS. THE JAPAN ANNUAL MEETING, SINGAPORE ANNUAL MEETING AND CHINA ANNUAL MEETING HAD 449,129 AND 4,099 PARTICIPANTS, RESPECTIVELY.
LEARNING: WITH AN ON-GOING COMMITMENT TO INTERNET TECHNOLOGY-BASED LEARNING, DIA CONTINUED TO EXPAND ITS GLOBAL REACH AND ADVANCE ITS MISSION BY OFFERING VARIOUS LEARNING OPPORTUNITIES IN ELECTRONIC FORMAT. IN 2022, DIA HAD 2,753 ELEARNERS INCLUDING BOTH INDIVIDUALS AND GROUPS. IN ADDITION THERE WERE 77 TRAINING COURSES HELD GLOBALLY WITH 2,099 PARTICIPANTS TRAINED THROUGH THESE ONLINE TRAINING COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Verst Chair Elect | OfficerTrustee | 2.5 | $0 |
Judith Ng-Cashin Immediate Past Chair | OfficerTrustee | 2.5 | $0 |
Michael Romano Treasurer/secretary | OfficerTrustee | 2.5 | $0 |
Michael Devoy Director | Trustee | 1.25 | $0 |
Elizabeth Garner Director (until May 2022) | Trustee | 1.25 | $0 |
Peter Honig Director | Trustee | 1.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sound Production & Lighting Llc Av-technical Support At Events | 12/30/22 | $446,000 |
Miles Technologies It Services | 12/30/22 | $436,321 |
Rsm Accounting Services | 12/30/22 | $390,016 |
Vision Creative Marketing Services | 12/30/22 | $256,325 |
Kornferry International Recruiting Services | 12/30/22 | $248,995 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,787 |
| Total Program Service Revenue | $18,286,195 |
| Investment income | $1,233,725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,348 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,858,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $144,000 |
| Grants and other assistance to domestic individuals. | $10,049 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,013,321 |
| Compensation of current officers, directors, key employees. | $503,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,986,299 |
| Pension plan accruals and contributions | $301,232 |
| Other employee benefits | $502,996 |
| Payroll taxes | $619,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200,961 |
| Fees for services: Accounting | $508,864 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,192 |
| Fees for services: Other | $1,324,314 |
| Advertising and promotion | $2,154,795 |
| Office expenses | $2,065,940 |
| Information technology | $819,301 |
| Royalties | $0 |
| Occupancy | $679,569 |
| Travel | $396,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $887,565 |
| Interest | $88,704 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260,469 |
| Insurance | $28,221 |
| All other expenses | $391,022 |
| Total functional expenses | $22,321,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,189,389 |
| Savings and temporary cash investments | $822,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $762,558 |
| 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 | $676,582 |
| Net Land, buildings, and equipment | $324,132 |
| Investments—publicly traded securities | $10,859,135 |
| Investments—other securities | $0 |
| Investments—program-related | $1,682,958 |
| Intangible assets | $0 |
| Other assets | $8,167,665 |
| Total assets | $24,485,219 |
| Accounts payable and accrued expenses | $2,698,264 |
| Grants payable | $0 |
| Deferred revenue | $4,959,450 |
| 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 | $3,000,000 |
| Other liabilities | $6,799,566 |
| Total liabilities | $17,457,280 |
| Net assets without donor restrictions | $7,690,211 |
| Net assets with donor restrictions | -$662,272 |
| 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 | $24,485,219 |