Personalized Medicine Coalition
- Assets
- $2.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- 08/2004
- Data as of
- 12/2023
- EIN
- 54-2134884
Organization Overview
Personalized Medicine Coalition is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (G05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Personalized Medicine Coalition employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Personalized Medicine Coalition 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 12/2023, Personalized Medicine Coalition generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 6.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PERSONALIZED MEDICINE COALITION (PMC), REPRESENTING INNOVATORS, SCIENTISTS, PATIENTS, PROVIDERS AND PAYERS, PROMOTES THE UNDERSTANDING AND ADOPTION OF PERSONALIZED MEDICINE CONCEPTS, SERVICES AND PRODUCTS TO BENEFIT PATIENTS AND THE HEALTH SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC AND SCIENCE POLICY (ADVOCACY): TO HELP FACILITATE THE DEVELOPMENT OF PERSONALIZED MEDICINE TESTS AND THERAPIES, PMC ENGAGES REGULATORS AND OTHER POLICYMAKERS TO ADVOCATE FOR CONTINUED INVESTMENTS IN BIOMEDICAL RESEARCH AS WELL AS MODERNIZED REGULATORY, COVERAGE AND PAYMENT POLICIES THAT SUPPORT ACCESS TO PERSONALIZED MEDICINE.
EVIDENCE DEVELOPMENT: TO ENCOURAGE THE SWIFTER ADOPTION OF PERSONALIZED MEDICINE BY HEALTH CARE PROVIDERS, PMC HELPS BUILD THE EVIDENCE BASE NECESSARY TO DEMONSTRATE THE CLINICAL AND ECONOMIC VALUE OF PERSONALIZED MEDICINE.
EDUCATION: TO RAISE THE PROFILE AND SCOPE OF PERSONALIZED MEDICINE, PMC PROACTIVELY EDUCATES DECISION-MAKERS ABOUT HOW THE FIELD CAN MAKE THE HEALTH SYSTEM MORE EFFECTIVE AND EFFICIENT BY TARGETING TREATMENTS TO ONLY THOSE PATIENTS WHO WILL BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Abrahams President | OfficerTrustee | 40 | $452,940 |
Cynthia Bens Svp, Public Policy | 40 | $249,483 | |
Daryl Pritchard Svp, Science Policy | 40 | $254,823 | |
Faswilla Sampson Chief Operating Officer | 40 | $216,209 | |
Christopher Wells Svp, Public Affairs | 40 | $195,874 | |
Kayla S Brown Vp, Membership & Development | 40 | $148,170 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Columbus Properties Inc Office Space | 12/30/17 | $113,228 |
Fred Hutchinson Crc Research | 12/30/17 | $111,000 |
Columbus Properties Inc Office Space | 12/30/17 | $113,228 |
Fred Hutchinson Crc Research | 12/30/17 | $111,000 |
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 | $931,359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $931,359 |
| Total Program Service Revenue | $1,926,842 |
| Investment income | $62,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,924,778 |
| 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. | $669,150 |
| Compensation of current officers, directors, key employees. | $221,340 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,082,772 |
| Pension plan accruals and contributions | $83,263 |
| Other employee benefits | $97,268 |
| Payroll taxes | $101,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,130 |
| Fees for services: Accounting | $114,481 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $307,826 |
| Advertising and promotion | $0 |
| Office expenses | $43,809 |
| Information technology | $101,382 |
| Royalties | $0 |
| Occupancy | $114,697 |
| Travel | $56,447 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $568,258 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,343 |
| Insurance | $8,117 |
| All other expenses | -$49,200 |
| Total functional expenses | $3,355,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $235,603 |
| Pledges and grants receivable | $45,000 |
| Accounts receivable, net | $162,335 |
| 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 | $53,293 |
| Net Land, buildings, and equipment | $5,367 |
| Investments—publicly traded securities | $1,325,690 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,016,787 |
| Total assets | $2,844,075 |
| Accounts payable and accrued expenses | $93,754 |
| Grants payable | $0 |
| Deferred revenue | $410,251 |
| 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 | $1,078,265 |
| Total liabilities | $1,582,270 |
| Net assets without donor restrictions | $804,998 |
| Net assets with donor restrictions | $456,807 |
| 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 | $2,844,075 |