Regulatory Affairs Professionals Society
- Assets
- $9.2m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 53
- Location
- Rockville, MD
- Founding
- 03/1979
- Data as of
- 12/2020
- EIN
- 52-1139030
Organization Overview
Regulatory Affairs Professionals Society is located in Rockville, MD. The organization was established in 1979. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Regulatory Affairs Professionals Society employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regulatory Affairs Professionals Society 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 12/2020, Regulatory Affairs Professionals Society generated $11.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $10.1m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ADVANCEMENT OF THE REGULATORY AFFAIRS PROFESSION AND THE PROFESSION'S ROLE IN THE DEVELOPMENT, REVIEW, REGISTRATION, AND MONITORING OF HEALTH CARE PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL ISSUES - MORE THAN 125 EDUCATIONAL PROGRAMS AND COURSES, PROVIDING INITIAL TRAINING AND ADVANCED LEARNING OPPORTUNITIES FOR PROFESSIONALS BOTH IN-PERSON AND ONLINE, INCLUDING THE SOCIETY'S ANNUAL CONFERENCE; THE PROFESSIONAL CERTIFICATION PROGRAM (REGULATORY AFFAIRS CERTIFICATION - RAC) OFFERING FOUR EXAMINATIONS-COVERING US, EUROPEAN UNION, CANADIAN AND INTERNATIONAL REGULATIONS.
COMMUNICATIONS - PRODUCTION OF PRINT AND ELECTRONIC COMMUNICATIONS, INCLUDING RAPS' ONLINE PUBLICATION, REGULATORY FOCUS; RAPS BOOKS AND PUBLICATIONS; ELECTRONIC COMMUNICATIONS AND THE DEVELOPMENT AND MAINTENANCE OF RAPS BRANDED WEBSITES; MARKETING EFFORTS FOR EDUCATIONAL PROGRAMS AND SERVICES AND PROFESSIONAL ACTIVITIES; EXHIBITS AND COMMUNICATIONS AT RAPS' ANNUAL CONFERENCE AND OTHER RAPS EVENTS; PUBLIC RELATIONS INITIATIVES INCLUDING OUTREACH TO GENERAL AND TRADE MEDIA AND OTHER PROFESSIONAL AND CONSUMER GROUPS; AND COORDINATED SOCIAL MEDIA COMMUNICATIONS.
MEMBERSHIP - EDUCATIONAL, SCIENTIFIC SOCIETY SUPPORTING REGULATORY AFFAIRS PROFESSIONALS IN THE MEDICAL DEVICES, PHARMACEUTICALS AND BIOLOGICS- RELATED ORGANIZATIONS, INCLUDING INDUSTRY, GOVERNMENT, CLINICAL RESEARCH, ACADEMIA. PROVIDE MEMBERSHIP SUPPORT, EDUCATIONAL AND INFORMATION SERVICES, DIGITAL PUBLICATION OF INFORMATION RELEVANT TO THE PROFESSION AND HEALTH SECTOR, VIRTUAL AND IN- PERSON PEER-TO-PEER NETWORKING, LOCAL/INTERNATIONAL CHAPTERS AND AFFILIATES AND A VARIETY OF OTHER PROGRAMS , PRODUCTS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brightkey Inc Information Technology | 12/30/21 | $208,016 |
Advanced Entertainment Technologies Dba Image Engineering Conference Production | 12/30/21 | $229,141 |
Impexium Corporation Cloud Software Subscription | 12/30/21 | $206,291 |
Meridian Knowledge Solutions Llc Information Technology | 12/30/21 | $183,856 |
Higher Logic Information Technology | 12/30/21 | $177,501 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $823,051 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $824,383 |
| Total Program Service Revenue | $9,281,969 |
| Investment income | $24,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,987 |
| 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 | $827,796 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,018,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,020 |
| 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. | $962,563 |
| Compensation of current officers, directors, key employees. | $217,732 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,750,155 |
| Pension plan accruals and contributions | $86,041 |
| Other employee benefits | $233,483 |
| Payroll taxes | $328,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $130,898 |
| Fees for services: Accounting | $44,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,974 |
| Fees for services: Other | $1,250,045 |
| Advertising and promotion | $758,268 |
| Office expenses | $470,797 |
| Information technology | $783,598 |
| Royalties | $43,639 |
| Occupancy | $341,974 |
| Travel | $22,439 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $330,018 |
| Interest | $5,451 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $249,326 |
| Insurance | $97,594 |
| All other expenses | $5,959 |
| Total functional expenses | $10,116,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,591,248 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $225,350 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $183,125 |
| Prepaid expenses and deferred charges | $539,041 |
| Net Land, buildings, and equipment | $1,187,757 |
| Investments—publicly traded securities | $3,462,431 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,491 |
| Total assets | $9,226,443 |
| Accounts payable and accrued expenses | $954,595 |
| Grants payable | $0 |
| Deferred revenue | $1,833,223 |
| 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 | $1,445,211 |
| Total liabilities | $4,233,029 |
| Net assets without donor restrictions | $4,993,412 |
| 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 | $9,226,441 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Regulatory Affairs Professionals Society has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: CONTRIB-GENERAL | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Fund Voice Inc Washington, DC | $4,065,854 | $19,697,419 |
Center For The Study Of Social Policy Washington, DC | $21,257,623 | $17,047,188 |
Regulatory Affairs Professionals Society Rockville, MD | $9,226,443 | $11,018,465 |
Issue One Washington, DC | $6,409,189 | $6,980,798 |
Pocono Services For Families And Children Inc East Stroudsburg, PA | $5,666,674 | $5,697,584 |
Public Affairs Council Inc Washington, DC | $11,621,204 | $5,655,372 |
Commercial Vehicle Safety Alliance Greenbelt, MD | $5,175,740 | $5,464,465 |
Living Classrooms Foundation Baltimore, MD | $10,378,836 | $6,289,035 |
Students For Life Action Fredericksburg, VA | $1,451,921 | $3,948,083 |
Public Access Corporation Of The District Of Columbia Washington, DC | $11,735,762 | $3,589,628 |
The Congressional Institute Inc Alexandria, VA | $6,719,545 | $3,277,666 |
Civil Justice Reform Group Great Falls, VA | $1,472,377 | $2,732,622 |