Hda Research Foundation
- Assets
- $970.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/1981
- Data as of
- 12/2023
- EIN
- 52-1225130
Organization Overview
Hda Research Foundation is located in Washington, DC. The organization was established in 1981. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hda Research Foundation 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 12/2023, Hda Research Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO CONDUCT RESEARCH AND EDUCATION THAT CREATES KNOWLEDGE AND IDENTIFIES BUSINESS PRACTICES THAT IMPROVE THE EFFICIENCY, SAFETY AND INTEGRITY OF THE HEALTHCARE SUPPLY CHAIN. TO PROVIDE THOUGHT LEADERSHIP TO FURTHER ENHANCE THE SAFETY AND SECURITY OF THE HEALTHCARE SUPPLY CHAIN THROUGH FUTURE-FOCUSED STUDY AND PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUTURE OF THE U.S. PHARMACEUTICAL COLD CHAIN (RESEARCH PROJECT): IDENTIFIES CURRENT CHALLENGES AND OPPORTUNITIES FOR COLD CHAIN MANAGEMENT IN THE U.S. PHARMACEUTICAL SUPPLY CHAIN AND OFFERS STRATEGIES TO ADDRESS THE REMARKABLE GROWTH OF TEMPERATURE-SENSITIVE PRODUCTS IN THE HEALTHCARE ECOSYSTEM. HDA FACTBOOK (RESEARCH PROJECT): PROVIDES FOR THE ANNUAL COLLECTION AND ANALYSIS OF INDUSTRY DATA. THIS PROJECT INCLUDES THE PUBLICATION OF THE FACTBOOK, A COMPREHENSIVE ANNUAL RESOURCE PUBLICATION DISTRIBUTED TO THE SUPPLY CHAIN COMPANIES AND THOSE WITH AN INTEREST IN BETTER UNDERSTANDING THE HEALTHCARE INDUSTRY.SPECIALTY FACTS, FIGURES, & TRENDS (RESEARCH PROJECT): HIGHLIGHTS TRENDS FOUND IN THE SPECIALTY HEALTHCARE SECTOR AND SERVES AS AN INDUSTRY BENCHMARKING RESOURCE FOR INDUSTRY PARTICIPANTS, FINANCIAL ANALYSTS, ACADEMIA AND OTHERS WHO HAVE AN INTEREST IN UNDERSTANDING THE VARIOUS ASPECTS OF THIS GROWING MARKETPLACE. THE TEXT INCLUDES BENCHMARKS FEATURING: MARKET CHARACTERISTICS, FINANCE, OPERATIONS, COLD CHAIN HANDLING, TRANSPORTATION/DELIVERY, INFORMATION TECHNOLOGY, RETURNS AND SERVICES, PLUS A CHAPTER THAT TAKES A DEEPER DIVE INTO DEMOGRAPHIC TRENDS AND ONCOLOGY.SCHOLARSHIP PROGRAM: AS PART OF ITS MISSION TO FOSTER INDUSTRY KNOWLEDGE, THE HDA RESEARCH FOUNDATION SCHOLARSHIP IS AVAILABLE TO GRADUATE-LEVEL STUDENTS CURRENTLY WORKING WITHIN HDA-MEMBER DISTRIBUTOR AND MANUFACTURER COMPANIES.SCHOLARSHIP PROGRAM: AS PART OF ITS MISSION TO FOSTER INDUSTRY KNOWLEDGE, THE HDA RESEARCH FOUNDATION SCHOLARSHIP IS AVAILABLE TO GRADUATE-LEVEL STUDENTS CURRENTLY WORKING WITHIN HDA-MEMBER DISTRIBUTOR AND MANUFACTURER COMPANIES.SERIALIZATION READINESS: THIS SURVEY PROVIDES UNBIASED, OBJECTIVE DATA ON THE CURRENT READINESS OF MANUFACTURERS AND DISTRIBUTORS TO MEET DSCSA'S REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Cowman Chairman | OfficerTrustee | 1 | $0 |
Steve Giuli Vice Chair | OfficerTrustee | 1 | $0 |
Gayle Johnston Director - Until 12/23 | Trustee | 1 | $0 |
Ramesh Srinvasan Director | Trustee | 1 | $0 |
Robert Potter Director | Trustee | 1 | $0 |
Anthony Mihelich Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ernst & Young Consulting | 12/30/22 | $283,334 |
Industry Insights Inc Consulting | 12/30/22 | $125,092 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $499,540 |
| Related organizations | $37,328 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $836,868 |
| Total Program Service Revenue | $355,000 |
| Investment income | $8,623 |
| 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 | $1,200,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,500 |
| 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 | $499,839 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $380 |
| Fees for services: Accounting | $9,757 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $184 |
| Fees for services: Other | $401,242 |
| Advertising and promotion | $0 |
| Office expenses | $78,713 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,760 |
| Travel | $8,562 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $86,036 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,133,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,590 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $35,400 |
| Accounts receivable, net | $0 |
| 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 | $12,365 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $456,657 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $970,012 |
| Accounts payable and accrued expenses | $11,450 |
| Grants payable | $0 |
| Deferred revenue | $65,250 |
| 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 | $189,668 |
| Total liabilities | $266,368 |
| Net assets without donor restrictions | $114,138 |
| Net assets with donor restrictions | $589,506 |
| 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 | $970,012 |