Parenteral Drug Association Inc

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 12/2021, Parenteral Drug Association Inc employed 46 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 12/2021, Parenteral Drug Association Inc generated $8.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $10.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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.


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.


PUBLICATION SALES- PROVIDE THE LATEST SCIENCE, TECHNOLOGY AND REGULATORY INFORMATION.SALES, EXHIBIT & SPONSORSHIP, ADVERTISING- PROVIDE THE LATEST SCIENCE, TECHNOLOGY AND REGULATORY INFORMATION


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Board, Officers & Key Employees

Name (title)Compensation
Richard Johnson
President, CEO
$395,032
Glenn Wright
COO
$255,394
David Hall
Vp, Exhibits
$180,077
Debbie Goldstein
Vp, Marketing
$165,752
Jennifer Bell
Vp, Finance
$165,593
David Talmage
Vp, Education
$158,067

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rsm Us Llp
It Consulting & Auditing Services
$259,115
Multimedia Pharma Sciences Llc
Advertising
$265,450
View All Vendors

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$93,962
Noncash contributions included in lines 1a–1f $83,962
Total Revenue from Contributions, Gifts, Grants & Similar$93,962
Total Program Service Revenue$6,126,737
Investment income $175,196
Tax Exempt Bond Proceeds $0
Royalties $115,601
Net Rental Income $0
Net Gain/Loss on Asset Sales $355,031
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $621,608
Miscellaneous Revenue$0
Total Revenue $8,044,773

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