Pharmaceutical Research And Manufacturers Of America Fnd Inc
- Assets
- $26.2m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 11/1965
- Data as of
- 12/2021
- EIN
- 52-6063009
Organization Overview
Pharmaceutical Research And Manufacturers Of America Fnd Inc is located in Washington, DC. The organization was established in 1965. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Pharmaceutical Research And Manufacturers Of America Fnd Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pharmaceutical Research And Manufacturers Of America Fnd Inc 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 12/2021, Pharmaceutical Research And Manufacturers Of America Fnd Inc generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Pharmaceutical Research And Manufacturers Of America Fnd Inc has awarded 25 individual grants totaling $950,285. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALUE ASSESSMENT - INITIATIVE TO DEVELOP STRATEGIES TO BETTER ASSESS THE VALUE OF MEDICINES AND HEALTH CARE SERVICES WHILE IMPROVING PATIENT OUTCOMES AND REDUCING INEFFICIENCY IN HEALTH CARE.
HEALTH OUTCOMES - OUTCOMES RESEARCH SPANS A BROAD SPECTRUM OF ISSUES FROM STUDIES EVALUATING THE EFFECTIVENESS OF A PARTICULAR PHARMACEUTICAL INTERVENTION TO THE IMPACT OF REIMBURSEMENT. THIS PROGRAM SUPPORTS YOUNG SCIENTISTS WITH STIPEND AND RESEARCH SUPPORT.
DRUG DELIVERY - THE PROGRAM EMPHASIZES THE QUANTITATIVE UNDERSTANDING AND USE OF THE PRINCIPLES UNDERLYING DRUG TRANSPORT, ROUTE OF ADMINISTRATION, FORMULATION COMPOSITION, TECHNOLOGY DEVELOPMENT AND MANUFACTURING/ENGINEERING ASPECTS INTENDED TO IMPROVE DRUG PRODUCT SAFETY AND EFFICACY, INCLUDING PATIENT COMPLIANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Cannon President (thru 9/30/2021) | Officer | 37.5 | $534,005 |
Amy Miller President | Officer | 37.5 | $222,578 |
Joanne Westphal Director | 37.5 | $176,259 | |
Andrew Plump MD PHD Chairman | OfficerTrustee | 1 | $0 |
Alfred W Sandrock MD PHD Chairman (thru 12/3/2021) | OfficerTrustee | 1 | $0 |
Michael Dolsten MD PHD Director | Trustee | 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 | $2,764,822 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,764,822 |
| Total Program Service Revenue | $0 |
| Investment income | $407,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $520,848 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,693,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,991 |
| Grants and other assistance to domestic individuals. | $2,913,766 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $594,436 |
| Compensation of current officers, directors, key employees. | $136,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $128,350 |
| Other employee benefits | $39,436 |
| Payroll taxes | $44,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $279 |
| Fees for services: Accounting | $18,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,250 |
| Fees for services: Other | $392,243 |
| Advertising and promotion | $23,488 |
| Office expenses | $2,346 |
| Information technology | $17,678 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,035 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,349 |
| All other expenses | $0 |
| Total functional expenses | $4,358,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $922,819 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $386 |
| 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 | $18,676 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $25,288,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,230,760 |
| Accounts payable and accrued expenses | $153,182 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $19,307 |
| Total liabilities | $172,489 |
| Net assets without donor restrictions | $26,058,271 |
| 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 | $26,230,760 |
Grants Awarded
Over the last fiscal year, Pharmaceutical Research And Manufacturers Of America Fnd Inc has awarded $25,991 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Monica, CA PURPOSE: VAI Project | $14,991 |
Fairfax, VA PURPOSE: AFPE Pre doctoral fellowship | $11,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pharmaceutical Research And Manufacturers Of America Fnd Inc has recieved totaling $129,022.
| Awarding Organization | Amount |
|---|---|
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $129,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ehealth Africa Washington, DC | $6,476,528 | $16,565,082 |
Colorectal Cancer Alliance Inc Washington, DC | $11,286,875 | $14,624,041 |
Arlington Free Clinic Inc Arlington, VA | $10,623,564 | $5,707,203 |
Maryland Community Health Initiatives Baltimore, MD | $771,484 | $4,218,123 |
Fredericksburg Area Regional Health Council Inc Fredericksburg, VA | $3,229,753 | $4,303,398 |
Pharmaceutical Research And Manufacturers Of America Fnd Inc Washington, DC | $26,230,760 | $3,693,166 |
Whole Womans Advocacy Alliance Charlottesville, VA | $2,944,404 | $5,509,310 |
Cornerstone Support Services Providence Forge, VA | $1,749,824 | $3,920,333 |
American College Of Osteopathic Internists Inc Arlington, VA | $6,444,455 | $4,032,744 |
Foreign Credentialing Commission On Physical Therapy Alexandria, VA | $7,542,229 | $2,840,104 |
Healthcare Ready Washington, DC | $2,980,753 | $3,148,420 |
Give An Hour Nonprofit Corporation Clarksburg, MD | $1,609,374 | $1,965,444 |