Parenteral Drug Association Inc
- Assets
- $20.6m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 49
- Location
- Bethesda, MD
- Founding
- 12/1994
- Data as of
- 12/2022
- EIN
- 52-1906152
Organization Overview
Parenteral Drug Association Inc is located in Bethesda, MD. The organization was established in 1994. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2022, Parenteral Drug Association Inc employed 49 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Parenteral Drug Association Inc 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 12/2022, Parenteral Drug Association Inc generated $15.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $13.3m during the year ending 12/2022. While expenses have increased by 1.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE FOREMOST GLOBAL PROVIDER OF SCIENCE, TECHNOLOGY AND REGULATORY INFORMATION AND EDUCATION FOR THE PHARMACEUTICAL AND BIOPHARMACEUTICAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS & MEETINGS-EDUCATE MEMBERS AND NON-MEMBERS BY TEACHING DEVELOPMENTS IN MANUFACTURING AND QUALITY CONTROL FOR PRIMARY STERILE PRODUCT DEVELOPMENTS.
PUBLICATION SALES- PROVIDE THE LATEST SCIENCE, TECHNOLOGY AND REGULATORY INFORMATION.SALES, EXHIBIT & SPONSORSHIP, ADVERTISING- PROVIDE THE LATEST SCIENCE, TECHNOLOGY AND REGULATORY INFORMATION
TRAINING & RESEARCH INSTITUE (TRI)EDUCATIONAL COURSES - TECHNICAL TRAINING FOR SCIENTISTS IN THE PHARMACEUTICAL AREAS OF MANUFACTURING, DEVELOPMENT AND QUALITY CONTROL. TRAINING - TRAIN MEMBERS AND NON-MEMBERS TO BASIC MANUFACTURING TECHNIQUES CENTERED AROUND GMP GUIDELINES.
MEMBERSHIP & CHAPTER SERVICES-PROVIDE THE LATEST GUIDELINES FOCUSING ON TECHNOLOGY INFORMATION ON MANUFACTURING, TECHNICAL REPORTS, AND QUALITY CONTROL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Schniepp Chair | OfficerTrustee | 1 | $0 |
Anil Sawant PHD Chair-Elect | OfficerTrustee | 1 | $0 |
Emma Ramnarine Secretary | OfficerTrustee | 1 | $0 |
Melissa Seymour MBA Treasurer | OfficerTrustee | 1 | $0 |
Jette Christensen Immediate Past Chair | Trustee | 1 | $0 |
Barbara Allen PHD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Multimedia Pharma Sciences Llc Advertising | 12/30/22 | $234,340 |
Rsm Us Llp It Consulting & Auditing Services | 12/30/22 | $202,301 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,696,014 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,344 |
| Noncash contributions included in lines 1a–1f | $65,344 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,761,358 |
| Total Program Service Revenue | $12,192,734 |
| Investment income | $208,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $127,548 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,388 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $537,755 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,089,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| 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. | $2,090,821 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,612,136 |
| Pension plan accruals and contributions | $98,061 |
| Other employee benefits | $549,606 |
| Payroll taxes | $333,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,660 |
| Fees for services: Accounting | $58,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $113,661 |
| Fees for services: Other | $1,519,692 |
| Advertising and promotion | $628,428 |
| Office expenses | $601,450 |
| Information technology | $114,598 |
| Royalties | $0 |
| Occupancy | $1,084,019 |
| Travel | $418,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,147,635 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $401,323 |
| Insurance | $91,006 |
| All other expenses | $829 |
| Total functional expenses | $13,301,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $474,948 |
| Savings and temporary cash investments | $1,010,072 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $825,585 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,282 |
| Prepaid expenses and deferred charges | $235,481 |
| Net Land, buildings, and equipment | $2,384,366 |
| Investments—publicly traded securities | $7,883,715 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,828,561 |
| Other assets | $928,282 |
| Total assets | $20,602,292 |
| Accounts payable and accrued expenses | $1,915,022 |
| Grants payable | $0 |
| Deferred revenue | $1,890,657 |
| 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 | $2,840,361 |
| Other liabilities | $9,074,325 |
| Total liabilities | $15,720,365 |
| Net assets without donor restrictions | $4,881,927 |
| 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 | $20,602,292 |