Medical Affairs Professional Society
- Assets
- $1.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 15
- Location
- Golden, CO
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 81-5288660
Organization Overview
Medical Affairs Professional Society is located in Golden, CO. The organization was established in 2018. 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 12/2023, Medical Affairs Professional Society employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Affairs Professional Society 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 12/2021, Medical Affairs Professional Society generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 45.6% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 39.5% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE MEDICAL AFFAIRS PROFESSION AND INCREASE ITS IMPACT ACROSS THE BIOPHARMACEUTICAL AND DEVICE INDUSTRY BY:-PROMOTING EXCELLENCE ACROSS MEDICAL AFFAIRS FUNCTIONS-DEVELOPING GUIDELINES TO SUPPORT INDUSTRY STANDARDS AND BEST PRACTICES-FOSTERING ADVOCACY FOR THE MEDICAL AFFAIRS PROFESSION-BUILDING CAPABILITIES AND PROVIDE A PLATFORM THAT SUPPORTS THE PRACTICE OF MEDICAL AFFAIRS
Describe the Organization's Program Activity:
MAPS GLOBAL ANNUAL MEETING: MAPS PROVIDES 3.5 DAYS OF EDUCATIONAL WORKSHOPS AND EXPERT PANEL DISCUSSIONS, ALONG WITH NETWORKING ACTIVITIES AND A DEDICATED FIELD MEDICAL PROGRAM, FOR LEADERS AND MEDICAL AFFAIRS PROFESSIONALS ACROSS THE GLOBE TO SHARE BEST PRACTICES AND UPSKILL IN KEY FUNCTIONAL AREAS.
THE INDUSTRY PARTNERSHIP PROGRAM (IPP) BRINGS TOGETHER EXECUTIVE LEADERS IN MEDICAL AFFAIRS FROM THE BIOPHARMACEUTICAL AND DEVICE INDUSTRY TO EXCHANGE CONCERNS, CHALLENGES AND IDEAS TO ADVANCE THE MEDICAL AFFAIRS PROFESSION THROUGH MAPS. IPP MEMBER COMPANIES PROVIDE ACCESS TO MAPS RESOURCES TO THEIR MEDICAL AFFARIS EMPLOYEES, AND COLLABORATE ON PROJECTS TO HELP ADVANCE THE PROFESSIONAL AND MAPS MEMBERS. WE SAW SIGNIFICANT GROWTH IN THE IPP PROGRAM DURING THE PANDEMIC, DEMONSTRATING THE NEED FOR VALUABLE RESOURCES AND CONNECTIVITY FOR MEDICAL AFFAIRS PROFESSIONALS.
MAPS PROVIDES A COMPREHENSIVE MEMBERSHIP PROGRAM WHICH INCLUDES INNOVATIVE LEARNING AND DEVELOPMENT PROGRAMS, STANDARDS AND GUIDANCE DOCUMENTS AND TOOLS, E-LEARNING MODULES, INFORMATIVE RESOURCES, LIVE AND ON-DEMAND WEBINARS, AND AN ACTIVE, ONGOING VIRTUAL COMMUNITY WITH DISCUSSION FORUMS AND ADDITIONAL RESOURCES. MEMBERSHIPS INCREASED 46% YEAR-END 2022 COMPARED TO YEAR-END 2021, WITH 10,047 ACTIVE MEMBERS BY THE END OF 2022. PARTNER CIRCLE: THE MAPS PARTNER CIRCLE HELPS ACCOMPLISH THE GOALS AND VISION OF OUR NON-PROFIT SOCIETY. THIS ANNUAL PRORAM PROVIDES OUR CONTRIBUTING SOLUTION PROVIDER PARTNERS WITH ACCESS TO PARTNER WITH MAPS LEADERSHIP, FACULTY, KEY DECISION MAKERS AND THOUGHT LEADERS IN MEDICAL AFFAIRS AS WE CONTINUE TO BRING VALUE AND GUIDANCE TO OUR MEMBERS AND THE MEDICAL AFFAIRS COMMUNITY AS A WHOLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Hege CEO | OfficerTrustee | 40 | $334,688 |
Danie Du Plessis Chair | OfficerTrustee | 4 | $0 |
John Pracyk Chair-Elect | OfficerTrustee | 4 | $0 |
Peter Piliero Treasurer | OfficerTrustee | 2 | $0 |
Anna Walz Secretary | OfficerTrustee | 2 | $0 |
Joao Dias Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,075 |
| Investment income | $0 |
| 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 | $3,588,466 |
| Statement of Expenses | |
|---|---|
| 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. | $291,867 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,102,092 |
| Pension plan accruals and contributions | $52,058 |
| Other employee benefits | $25,080 |
| Payroll taxes | $66,447 |
| Fees for services: Management | $693 |
| Fees for services: Legal | $2,024 |
| Fees for services: Accounting | $1,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,202 |
| Advertising and promotion | $114,727 |
| Office expenses | $44,966 |
| Information technology | $17,592 |
| Royalties | $0 |
| Occupancy | $51,261 |
| Travel | $3,268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $707,681 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,985 |
| Insurance | $5,784 |
| All other expenses | $0 |
| Total functional expenses | $2,582,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,463 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $759,119 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,400,103 |
| Accounts payable and accrued expenses | $206,562 |
| 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 | $132,336 |
| Total liabilities | $338,898 |
| Net assets without donor restrictions | $1,061,205 |
| 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 |
| Total liabilities and net assets/fund balances | $1,061,205 |