International Society For Pharmaceutical Engineering Inc
- Assets
- $16.3m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 65
- Location
- Tampa, FL
- Founding
- 05/1983
- Data as of
- 12/2022
- EIN
- 59-2009272
Organization Overview
International Society For Pharmaceutical Engineering Inc, operating under the name Engineering Inc, is located in Tampa, FL. The organization was established in 1983. 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, Engineering Inc employed 65 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Engineering 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, Engineering 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 3.3% each year. All expenses for the organization totaled $13.5m during the year ending 12/2022. While expenses have increased by 3.2% 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 LEAD SCIENTIFIC, TECHNICAL AND REGULATORY ADVANCEMENT THROUGHOUT THE ENTIRE PHARMACEUTICAL LIFECYCLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL DEVELOPMENT CONSISTS PRIMARILY OF CONFERENCES AND TRAINING COURSES TO KEEP INDUSTRY PROFESSIONALS INFORMED OF THE LATEST TECHNOLOGICAL AND REGULATORY TRENDS AND TO HELP THE PHARMACEUTICAL MANUFACTURING PROFESSION AS A WHOLE TO ENSURE THE SAFETY OF THE WORLD'S SUPPLY OF MEDICINES.
MEMBER COMMUNICATION SERVICES INCLUDE SUBSCRIPTIONS AND ARTICLE REPRINTS PROVIDING THE MOST UP-TO-DATE INFORMATION ON THE LATEST TECHNOLOGICAL AND REGULATORY TRENDS IN THE PHARMACEUTICAL MANUFACTURING INDUSTRY. MEMBERS RECEIVE A SUBSCRIPTION TO THE PHARMACEUTICAL ENGINEERING MAGAZINE, WHICH PROVIDES A COMPREHENSIVE SELECTION OF PRACTICAL APPLICATION ARTICLES AND INFORMATION OF IMPORTANCE TO THE INDUSTRY AND MEMBERSHIP.
GUIDANCE DOCUMENTS INCLUDE THE DEVELOPMENT AND PUBLISHING OF GUIDANCE INFORMATION INCLUDING BEST PRACTICES AND INNOVATIVE AND EFFECTIVE SOLUTIONS TO INDUSTRY CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Thomas B Hartman President/ce | Officer | 40 | $343,672 |
Mr Mark Hernick COO | Officer | 40 | $236,129 |
Mr Bradley Ettinger Vp, Sales & | 40 | $215,909 | |
Ms Jessica Bleess Avp, Conf & | 40 | $146,797 | |
Mr Thomas Zimmer PHD VP European | 40 | $152,551 | |
Ms Vivianne Arencibia Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marriot International Hotel Venue | 12/30/22 | $888,202 |
Huana Health Plan Inc Health Insur | 12/30/22 | $486,016 |
Ims Technology Services Inc Event A/v | 12/30/22 | $459,600 |
Fairway Westshore Owner Llc Lessee-tampa | 12/30/22 | $336,231 |
Bsrep Ii Md Office Exec Blvd Llc Lessee-bethesda | 12/30/22 | $251,275 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $13,269,545 |
| Investment income | $158,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,095 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,537,062 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,080,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $579,801 |
| Other salaries and wages | $3,191,654 |
| Pension plan accruals and contributions | $175,207 |
| Other employee benefits | $290,384 |
| Payroll taxes | $258,127 |
| Fees for services: Management | $121,061 |
| Fees for services: Legal | $259,503 |
| Fees for services: Accounting | $67,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $237,724 |
| Advertising and promotion | $2,598,294 |
| Office expenses | $214,241 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $374,928 |
| Travel | $242,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $108,062 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,923 |
| Insurance | $65,270 |
| All other expenses | $1,353,016 |
| Total functional expenses | $13,532,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,097,740 |
| Savings and temporary cash investments | $128,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,565,331 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,944 |
| Prepaid expenses and deferred charges | $441,016 |
| Net Land, buildings, and equipment | $173,051 |
| Investments—publicly traded securities | $6,163,438 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,662,297 |
| Total assets | $16,259,417 |
| Accounts payable and accrued expenses | $2,665,561 |
| Grants payable | $0 |
| Deferred revenue | $3,427,772 |
| 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 | $2,609,689 |
| Total liabilities | $8,703,022 |
| Net assets without donor restrictions | $7,556,395 |
| 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 | $16,259,417 |