The Society Of Clinical Research Associates Inc
- Assets
- $9.2m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Chalfont, PA
- Founding
- 11/1999
- Data as of
- 12/2023
- EIN
- 61-1208981
Organization Overview
The Society Of Clinical Research Associates Inc is located in Chalfont, PA. The organization was established in 1999. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2023, Society Of Clinical Research Associates Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Clinical Research Associates 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 12/2023, Society Of Clinical Research Associates Inc generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE FOR WHICH THE ASSOCIATION IS FORMED IS TO INSTRUCT OR TRAIN INDIVIDUALS TO IMPROVE OR TO DEVELOPE THEIR CAPABILITIES ON SUBJECTS BENEFICIAL TO TH MEDICAL AND RESEARCH COMMUNITY AND THE COMMUNITY AT LARGE. TO ESTABLISH TRAINIG PROGRAMS AND CONTINUING EDUCATION PROGRAMS FOR CLINICAL RESEARCH PROFESSIONALS INCLUDING A REGULAR SCHDULED ANNUAL CONFERENCE AND COURSES RELATED TO CLINICAL SCIENCE
Describe the Organization's Program Activity:
ANNUAL CONFERENCE-OFFER EDUCATION TO PROMOTE NEW IDEAS AND FOSTER RELATIONSHIPS AMONGST THE MEMBERS AND ENABLE THE MEMBERS TO MEET PEOPLE IN THEIR PEER GROUPS SO THAT THEY MIGHT COMMUNICATE.
CLINICAL SCIENCE COURSES, CONFERENCES AND CERTICATION CLASSES MEMBERSHIP DUES CHAPTER TRANSACTIONS INTERNET COMMUNICATIONS
CERTIFICATION PROGRAMS-THE ORGANIZATION RENDERS A REGULATORY CERTIFICATION OF CLINICAL RESEARCHERS WHICH IS A RECOGNIZED LEVEL OF ACHIEVEMENT.
WORKSHOPS AND SEMINARS-THESE ARE PRESENTED IN THE US AND CANADA AND INCLUDE RECOGNIZED AUTHORITIES AND INDIVIDUALS IN THE FEDERAL GOVENMENT,FDA, ACADEMIA AND THE PHARMACEUTICAL INDUSTRIES. MANY MAINSTREAM TOPICS REGARDING CURRENT TESTING AND PROCEDURAL REQUIREMENTS ARE PRESENTED FOR DISCUSSION SOCRA IS AN ACCREDITED PROVIDER OF PHYSICIAN CONTINUING EDUCATION (CME) AND NURSE CONTINUING EDUCATION (CNE)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Rowe President | Officer | 4 | $0 |
Jennifer Li Past President | Officer | 4 | $0 |
Catherine Hudson Secretary | Officer | 3 | $0 |
Lara Holtz President Elect | Officer | 1 | $0 |
Bridget Strong Treasurer | Officer | 3 | $0 |
Jeannie Farnsworth 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,820,570 |
| Investment income | $201,072 |
| 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 | $4,021,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $1,212,780 |
| Fees for services: Legal | $2,450 |
| Fees for services: Accounting | $9,296 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $66,875 |
| Information technology | $147,011 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $264,703 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $881,016 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,092 |
| All other expenses | $563,070 |
| Total functional expenses | $3,428,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,153,810 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,153,810 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $9,153,810 |
| 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 | $9,153,810 |