Sound Choice Pharmaceutical Institute
- Assets
- $143.1k
- Revenue
- $41.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Seattle, WA
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-2930074
Organization Overview
Sound Choice Pharmaceutical Institute, operating under the name Sound Choice Pharmaceutical Institu, is located in Seattle, WA. The organization was established in 2009. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2021, Sound Choice Pharmaceutical Institu employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sound Choice Pharmaceutical Institu 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, Sound Choice Pharmaceutical Institu generated $41.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.3%) each year. All expenses for the organization totaled $107.0k during the year ending 12/2021. 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
THE CORPORATION IS ORGANIZED FOR: I) PROMOTION OF PUBLIC EDUCATION AND AWARENESS ABOUT THE WIDESPREAD USE OF EXPLOITED HUMANS FOR BIOMEDICAL RESEARCH, II) CERTIFICATION OF DRUGS AND THERAPEUTICS FREE OF HUMAN EXPLOITATION, AND III) SCIENTIFIC DEVELOPMENT THROUGH THE SUPPORT OF ALTERNATIVE RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC RESEARCH & DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Deisher President | OfficerTrustee | 0.25 | $0 |
Mia Lor Treasurer | Officer | 0.25 | $0 |
John Brehany Board Member | Trustee | 0.25 | $0 |
Terry Kopp Board Member | Trustee | 0.25 | $0 |
Jennifer Larson Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,793 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,912 |
| Total Program Service Revenue | $0 |
| Investment income | $44 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $40,956 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,917 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,506 |
| Payroll taxes | $603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,268 |
| Advertising and promotion | $1,791 |
| Office expenses | $1,232 |
| Information technology | $2,142 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,030 |
| All other expenses | $20 |
| Total functional expenses | $107,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,039 |
| Savings and temporary cash investments | $1,988 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,034 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,080 |
| Total assets | $143,141 |
| Accounts payable and accrued expenses | $113,220 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $113,220 |
| Net assets without donor restrictions | $29,921 |
| Net assets with donor restrictions | $0 |
| 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 | $143,141 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sound Choice Pharmaceutical Institute has recieved totaling $169.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pacific Northwest Research Institute Seattle, WA | $26,418,293 | $6,927,038 |
Washington Research Licensing Foundation Seattle, WA | $0 | $2,272,647 |
Oregon Robotics Tournament & Outreach Program Portland, OR | $949,929 | $768,231 |
Taubert Memorial Foundation Cottage Grove, OR | $2,705,933 | $19,882 |
Oregon Association Of Hospital Research And Education Foundation Lake Oswego, OR | $1,948,607 | $654,592 |
Kauai Energy Institute Lake Oswego, OR | $4,779,441 | -$36,951 |
Physicians For Social Responsibility Inc Portland, OR | $464,776 | $348,664 |
South Park Area Redevelopment Committee Seattle, WA | $99,627 | $311,665 |
Northwest Infant Survival Alliance Sids Foundation Of Washington Couer D Alene, ID | $173,954 | $361,339 |
Washington Academy Of Family Physicians Foundation Bellevue, WA | $1,458,760 | $154,822 |
St Laurent Institute Inc Vancouver, WA | $432,802 | $120,000 |
The Diabesity Institute Seattle, WA | $20,809 | $0 |