Rx-360 International Pharmaceutical Supply Chain Consortium
- Assets
- $2.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Philadelphia, PA
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 45-2410498
Organization Overview
Rx-360 International Pharmaceutical Supply Chain Consortium is located in Philadelphia, PA. The organization was established in 2012. According to its NTEE Classification (J03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Employment and related organizations. As of 12/2021, Rx-360 International Pharmaceutical Supply Chain Consortium employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rx-360 International Pharmaceutical Supply Chain Consortium is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Rx-360 International Pharmaceutical Supply Chain Consortium generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 4.3% 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
TO PROTECT PATIENT SAFETY BY SHARING INFORMATION AND DEVELOPING PROCESSES TO IMPROVE THE INTEGRITY OF THE HEALTH CARE SUPPLY CHAIN AND THE QUALITY OF MATERIALS WITHIN THE HEALTH CARE SUPPLY CHAIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENHANCING THE SECURITY OF THE PHARMACEUTICAL SUPPLY CHAIN THROUGH TWO AUDIT PROGRAMS AND RESEARCH PROGRAMS. THE RX-360 AUDIT SHARING PROGRAM ALLOWS RX-360 TO LICENSE SUPPLIER QUALITY AUDITS CONDUCTED BY RX-360 IN A CONFIDENTIAL MANNER. THE RX-360 JOINT AUDITING PROGRAM ALLOWS RX-360 TO CONDUCT JOINT CONDUCT JOINT QUALITY AUDITS OF PHARMACEUTICAL SUPPLIES. RX-360 ALSO ANALYZES NEW LEGISLATION, REGULATIONS, STANDARDS, AND OTHER DEVELOPMENTS THAT IMPACT THE PHARMACEUTICAL SUPPLY CHAIN, AND MAKES THIS INFORMATION AVAILABLE TO RX-360 MEMBERS AND THE PUBLIC VIA RX-360'S WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Fries CEO | Officer | 40 | $278,673 |
Tim Valko Chair | OfficerTrustee | 3 | $0 |
Lucy Cabral Vice Chair | OfficerTrustee | 3 | $0 |
Rob Welsh Treasurer | OfficerTrustee | 3 | $0 |
Scott Kammer Secretary | OfficerTrustee | 3 | $0 |
Peggy Speight Director | Trustee | 2 | $0 |
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 | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,000 |
| Total Program Service Revenue | $2,928,244 |
| Investment income | $0 |
| 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 | $2,943,923 |
| 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. | $284,574 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $396,446 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,403 |
| Payroll taxes | $48,111 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,778 |
| Fees for services: Accounting | $113,959 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $620,692 |
| Advertising and promotion | $174,619 |
| Office expenses | $35,529 |
| Information technology | $107,566 |
| Royalties | $0 |
| Occupancy | $16,825 |
| Travel | $12,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,541 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,274 |
| Insurance | $50,685 |
| All other expenses | $0 |
| Total functional expenses | $2,053,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,403,641 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $612,277 |
| 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 | $84,841 |
| Net Land, buildings, and equipment | $31,424 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,500 |
| Total assets | $2,136,683 |
| Accounts payable and accrued expenses | $194,392 |
| Grants payable | $0 |
| Deferred revenue | $701,109 |
| 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 | $895,501 |
| Net assets without donor restrictions | $1,241,182 |
| 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 | $2,136,683 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Occupational Therapy Association Inc North Bethesda, MD | $36,395,415 | $20,998,534 |
West Virginia Association Of Rehabilitation Facilities Inc Charleston, WV | $5,842,851 | $18,678,940 |
Rx-360 International Pharmaceutical Supply Chain Consortium Philadelphia, PA | $2,136,683 | $2,943,923 |
Office And Professional Employees International Union New York, NY | $0 | $408,139 |
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Philadelphia Area Independent School Business Officers Associati Wayne, PA | $904,235 | $549,818 |
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Commercial Real Estate Women Of New York Inc Brooklyn, NY | $290,310 | $0 |
Professional Clerical Technical Employees Association Buffalo, NY | $1,198,072 | $237,282 |
Cmnplmcc Inc Columbus, OH | $393,767 | $257,393 |