Product Quality Research Institute Inc
- Assets
- $299.3k
- Revenue
- $209.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/2000
- Data as of
- 06/2022
- EIN
- 54-1972348
Organization Overview
Product Quality Research Institute Inc is located in Washington, DC. The organization was established in 2000. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Product Quality Research Institute 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 06/2022, Product Quality Research Institute Inc generated $209.0k 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 (5.2%) each year. All expenses for the organization totaled $254.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. 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 GENERATE AND SHARE TIMELY, RELEVANT, AND IMPACTFUL INFORMATION THAT ADVANCES GLOBAL DRUG PRODUCT QUALITY, MANUFACTURING AND REGULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PQRI SERVES AS A FORUM FOR ACADEMIA, INDUSTRY, AND REGULATORY AGENCIES, TO CREATE BEST PRACTICES AND CONDUCT JOINT RESEARCH IN SUPPORT OF GLOBAL PHARMACEUTICAL AND BIOPHARMACEUTICAL REGULATION, LEVERAGING ITS INTELLECTUAL, SCIENTIFIC AND TECHNICAL RESOURCES TO ADVANCE DRUG DEVELOPMENT AND REGULATION TO BENEFIT PATIENTS.PQRI IS COMPRISED OF THREE TECHNICAL COMMITTEES AND A STEERING COMMITTEE. THE STEERING COMMITTEE GUIDES AND DIRECTS THE SCIENTIFIC ACTIVITIES OF PQRI AND IS MADE UP OF 6 MEMBER ORGANIZATIONS REPRESENTING THE PHARMACEUTICAL INDUSTRY, TRADE ORGANIZATIONS AND REGULATORY AGENCIES. THE THREE TECHNICAL COMMITTEES (DEVELOPMENT, BIOPHARMACEUTICS, AND PRODUCT QUALITY) PROVIDE TECHNICAL AND SCIENTIFIC GUIDANCE, DIRECTION, AND REVIEW FOR THE PQRI WORKING GROUPS. THE TECHNICAL COMMITTEES CONSIST OF SCIENTISTS AND REGULATORY EXPERTS FROM MEMBER ORGANIZATIONS AND MAKE TECHNICAL/SCIENTIFIC RECOMMENDATIONS TO THE STEERING COMMITTEE.
PQRI WORKING GROUPS PERFORM RESEARCH MAINLY THROUGH DATA MINING, LABORATORY EXPERIMENTATION, AND INDUSTRY SURVEYS.
RESEARCH: PQRI WILL DONATE FUNDS TO SUPPORT A RESEARCH PROJECT FOR ARTIFICIAL INTELLIGENCE APPLICATION IN CONTINUED PROCESS VERIFICATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mehran Yazdanian Treasurer | OfficerTrustee | 0.25 | $0 |
Glenn Wright Chair | OfficerTrustee | 0.75 | $0 |
John Punzi Director | Trustee | 0.25 | $0 |
Diane Paskiet Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $97,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,000 |
| Total Program Service Revenue | $80,663 |
| Investment income | $5,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,449 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $165,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $514 |
| Advertising and promotion | $0 |
| Office expenses | $634 |
| Information technology | $525 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,005 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,848 |
| All other expenses | $20,339 |
| Total functional expenses | $254,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,524 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $215,737 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $299,261 |
| Accounts payable and accrued expenses | $0 |
| 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 | $41,250 |
| Total liabilities | $41,250 |
| Net assets without donor restrictions | $200,011 |
| Net assets with donor restrictions | $58,000 |
| 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 | $299,261 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Product Quality Research Institute Inc has recieved totaling $38,000.
| Awarding Organization | Amount |
|---|---|
Consumer Healthcare Products Association Washington, DC PURPOSE: GENERAL SUPPORT | $9,500 |
Consumer Healthcare Products Association Washington, DC PURPOSE: GENERAL SUPPORT | $9,500 |
Consumer Healthcare Products Association Washington, DC PURPOSE: GENERAL SUPPORT | $9,500 |
Consumer Healthcare Products Association Washington, DC PURPOSE: GENERAL SUPPORT | $9,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amga Foundation Inc Alexandria, VA | $2,610,879 | $2,312,164 |
Ivi Foundation Inc Alexandria, VA | $2,038,987 | $1,664,291 |
International Society For Advancement Of Cytometry Washington, DC | $2,250,621 | $1,271,377 |
Medical Technology And Practice Patterns Institute Inc Bethesda, MD | $4,682,047 | $864,770 |
Salem Research Institute Inc Salem, VA | $3,333,370 | $1,714,541 |
Galen Institute Inc Paeonian Springs, VA | $0 | $114,244 |
Accreditation For Cardiovascular Excellence Inc Midlothian, VA | $832,987 | $727,611 |
Product Quality Research Institute Inc Washington, DC | $299,261 | $208,987 |
Hudson Institute Of Mineralogy Keswick, VA | $1,570,559 | $158,766 |
International Pnh Interest Group Portsmouth, VA | $385,337 | $100,000 |
Asop Global Foundation Washington, DC | $147,852 | $0 |
Ms Knowledge Foundation Inc Upper Marlboro, MD | $22,549 | $0 |