Global Clinical Supplies Group Inc
- Assets
- $2.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 04/2014
- Data as of
- 12/2023
- EIN
- 62-1492794
Organization Overview
Global Clinical Supplies Group Inc is located in Gaithersburg, MD. The organization was established in 2014. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Clinical Supplies Group 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, Global Clinical Supplies Group Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 7.2% per year over the past 7 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
GCSG IS A PROFESSIONAL ORGANIZATION THAT PROVIDES PHARMACEUTICAL INDUSTRY TRAINING AND NETWORKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES AND MEETINGS: GCSG HOSTED TWO IN-PERSON CONFERENCES IN 2023, ONE LOCATED IN THE UNITED STATES IN THE SPRING AND ONE IN EUROPE IN THE FALL. THESE CONFERENCES COLLECTIVELY HOSTED OVER 500+ INNOVATORS FROM THE CLINICAL SUPPLIES INDUSTRY. TOGETHER THEY TOTALED JUST OVER 5 DAYS OF WORKSHOPS, NETWORKING, PRESENTATIONS AND PATIENT TESTIMONIALS. GCSG IS PROUD TO PROVIDE THE MOST EDUCATIONAL, COLLEGIAL AND PARADIGM-SHIFTING CLINICAL SUPPLIES CONFERENCES GLOBALLY, ALL WITH A CULTURE OF INCLUSIVENESS, COLLABORATION AND PEER-TO-PEER TRAINING.
IN AN EFFORT TO CONTINUE GCSG GLOBAL GROWTH, WE HOSTED THREE VIRTUAL EVENTS HOSTED BY OUR APAC TEAM. THE FIRST ONLINE WEBINAR WAS HOSTED IN FEB AND WAS FREE TO ATTEND. THE TOPIC WAS IRT & FORECASTING AND THERE WERE APPROXIMATELY 60 PEOPLE IN ATTENDANCE. THE SECOND ONLINE WEBINAR WAS HOSTED IN JULY AND WAS ALSO FREE TO ATTEND. THE TOPIC WAS CELL & GENE THERAPY AND THERE WERE APPROXIMATELY 85 PEOPLE IN ATTENDANCE. THE FINAL EVENT WAS AN ONLINE BOOT CAMP HOSTED IN NOVEMBER AND THIS WAS OUR FIRST PAID EVENT. THE TOPIC WAS UNDERSTANDING THE ESSENTIALS OF THE CLINICAL SUPPLY CHAIN AND WE HAD 4 PAID ATTENDEES. WE ALSO HOSTED A PAID ONLINE BOOT CAMP HOSTED BY OUR NORTH AMERICA TEAM. THE TOPIC WAS CELL & GENE THERAPY AND THERE WERE 59 PAID ATTENDEES.
GCSG MAINTAINS A WEBSITE OFFERING OTHER RESOURCES TO OUR MEMBERS. WE HAVE A JOBS BOARD WHERE OPEN POSITIONS CAN BE POSTED TO CONNECT CLINICAL SUPPLY PROFESSIONALS WITH COMPANIES LOOKING TO HIRE. WE MAINTAIN A VENDOR DIRECTORY TO PROVIDE CLINICAL SUPPLY PROFESSIONALS A PLACE WHERE THEY CAN EXPLORE THE DIFFERENT VENDORS THAT ARE AVAILABLE IN THIS SPACE. WE PUBLISH PAPERS THAT WE THINK ARE RELEVANT TO OUR MEMBERS' NEEDS. TOPICS COVERED IN PUBLISHED ARTICLES INCLUDED: GDPR CONSIDERATIONS FOR DTP SUPPLY CHAINS, ENVISIONING THE FUTURE OF CLINICAL SUPPLY CHAINS AND NAVIGATING REGULATORY AND QA CHALLENGES IN CLINICAL SUPPLY MANAGEMENT. WE OFFER A DISCUSSION FORUM WHERE MEMBERS CAN POST QUESTIONS RELATED TO CLINICAL SUPPLY MANAGEMENT AND BE PROVIDED WITH A RESPONSE FROM ONE (OR MORE) OF OUR EXPERIENCED MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Jacobs Board Member | OfficerTrustee | 10 | $0 |
Joseph Iacobucci Until 923 Board Member | Trustee | 6 | $0 |
Rebecca Griffiths Board Member | Trustee | 6 | $0 |
David Spillet Board Member | Trustee | 6 | $0 |
Karen Ellis Board Chair | OfficerTrustee | 6 | $0 |
Ajay Shah Board Member | Trustee | 6 | $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 | $2,086,504 |
| Investment income | $4,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,901 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,099,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,748 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,788 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation of current officers, directors, key employees. | $13,000 |
| 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 | $0 |
| Fees for services: Legal | $286 |
| Fees for services: Accounting | $42,881 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,200 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,352 |
| Office expenses | $12,576 |
| Information technology | $118,835 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,821 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,174,095 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,633 |
| Insurance | $795 |
| All other expenses | $57,204 |
| Total functional expenses | $1,571,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,368,807 |
| Savings and temporary cash investments | $0 |
| 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 | $105,037 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $326,173 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $81,572 |
| Other assets | $0 |
| Total assets | $2,881,589 |
| Accounts payable and accrued expenses | $104,707 |
| 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 | $104,707 |
| Net assets without donor restrictions | $2,776,882 |
| 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 | $2,881,589 |