International Pharmaceutical Excipients Council
- Assets
- $2.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Arlington, VA
- Founding
- 10/1992
- Data as of
- 12/2021
- EIN
- 52-1732704
Organization Overview
International Pharmaceutical Excipients Council is located in Arlington, VA. The organization was established in 1992. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, International Pharmaceutical Excipients Council employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Pharmaceutical Excipients Council 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, International Pharmaceutical Excipients Council generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.1m 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
TO DEVELOP, IMPLEMENT AND PROMOTE VOLUNTARY GUIDANCE AND OTHER PROGRAMS FOR THE WORLD PHARMACEUTICAL INDUSTRY THAT ARE DESIGNED TO ENSURE THAT EXCIPIENTS AND RELATED COMPONENTS IN FINISHED DRUG PRODUCTS MEET ONLY THE HIGHEST APPROPRIATE STANDARDS FOR QUALITY, SAFETY, AND FUNCTIONALITY THROUGHOUT THEIR MANUFACTURING PROCESS; AND TO ENCOURAGE AND ASSIST THE ADOPTION OF SCIENTIFICALLY SUITABLE AND VALID REGULATORY AND COMPENDIAL STANDARDS FOR PHARMACEUTICAL EXCIPIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP, IMPLEMENT AND PROMOTE VOLUNTARY GUIDANCE AND OTHER PROGRAMS FOR THE WORLD PHARMACEUTICAL INDUSTRY THAT ARE DESIGNED TO ENSURE THAT EXCIPIENTS AND RELATED COMPONENTS IN FINISHED DRUG PRODUCTS MEET ONLY THE HIGHEST APPROPRIATE STANDARDS FOR QUALITY, SAFETY, AND FUNCTIONALITY THROUGHOUT THEIR MANUFACTURING PROCESS; AND TO ENCOURAGE AND ASSIST THE ADOPTION OF SCIENTIFICALLY SUITABLE AND VALID REGULATORY AND COMPENDIAL STANDARDS FOR PHARMACEUTICAL EXCIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Beals Sec/treasurer | OfficerTrustee | 40 | $153,674 |
Heather Sturtevant Vice Chair | OfficerTrustee | 1 | $0 |
Meera Raghuram Vice-Chair | OfficerTrustee | 1 | $0 |
Janeen Skutnik-Wilkinson Chair | OfficerTrustee | 1 | $0 |
Douglas Muse Vice-Chair | OfficerTrustee | 1 | $0 |
David R Schoneker Vice-Chair | OfficerTrustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,066,904 |
| Investment income | $21,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,942 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,073 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,112,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,000 |
| 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. | $153,674 |
| Compensation of current officers, directors, key employees. | $92,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,844 |
| Pension plan accruals and contributions | $9,475 |
| Other employee benefits | $37,375 |
| Payroll taxes | $28,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,435 |
| Fees for services: Other | $46,330 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $23,293 |
| Royalties | $0 |
| Occupancy | $86,672 |
| Travel | $7,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,361 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,234 |
| Insurance | $5,993 |
| All other expenses | $11,978 |
| Total functional expenses | $1,069,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,038,749 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $82,090 |
| Net Land, buildings, and equipment | $2,737 |
| Investments—publicly traded securities | $1,074,008 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $18,889 |
| Other assets | $11,259 |
| Total assets | $2,227,732 |
| Accounts payable and accrued expenses | $19,129 |
| Grants payable | $0 |
| Deferred revenue | $515,408 |
| 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 | $534,537 |
| Net assets without donor restrictions | $1,693,195 |
| 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 | $2,227,732 |
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