Pbm Accountability Project
- Assets
- $13.6k
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2021
- EIN
- 84-2122458
Organization Overview
Pbm Accountability Project is located in Washington, DC. Pbm Accountability Project is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Pbm Accountability Project generated $8.9m in total revenue. All expenses for the organization totaled $8.9m during the year ending 12/2021. While expenses have increased by 162.4% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE SAVINGS AND AFFORDIBILITY FOR PURCHASERS OF PRESCRIPTION MEDICINES BY MAKING PBMS ACCOUNTABLE FOR DELIVERING THE HIGHEST POSSIBLE SAVINGS - THAT IS, THE MOST AFFORDABLE PRESCRIPTION DRUG PRICING - TO GROUP PURCHASERS AND INDIVIDUAL PATIENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILT A PUBLIC EDUCATION COALITION BASED ON FINDING COMMON GROUND BETWEEN LABOR, EMPLOYERS, PATIENTS AND TAXPAYERS COMMITTED TO THE MISSION OF THE PBM ACCOUNTABILITY PROJECT TO HOLD PBMS ACCOUNTABLE FOR ENSURING THAT THE PRESCRIPTION DRUG MARKET PLACE MEETS THE NEEDS OF PATIENTS AND OTHER PURCHASERS OF MEDICINE.
EDUCATED STATE LEGISLATIVE STAFF AND APPPOINTEES ON IMPLEMENTATION OF POLICIES THAT ADVANCE THE MISSION OF THE PBM ACCOUNTABILITY PROJECT. OUR EDUCATION PROGRAMS CONTRIBUTED TO ENACTMENT OF STATE PBM REFORMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas H Dority Trustee | 1 | $0 | |
Kendall Martin Trustee | 1 | $0 | |
Steve Sleigh Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Context Strategies Communications Consultant | 12/30/21 | $540,000 |
Blazer Consulting Group Advocacy Consultants | 12/30/21 | $105,000 |
Penn Quarter Partners Llc Management Consultant | 12/30/21 | $180,000 |
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 | $8,855,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,855,000 |
| Total Program Service Revenue | $0 |
| 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 | $8,855,000 |
| 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. | $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 | $795,000 |
| Fees for services: Legal | $18,639 |
| Fees for services: Accounting | $1,133 |
| Fees for services: Lobbying | $584,625 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,466,533 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,922 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,880,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,478 |
| Savings and temporary cash investments | $100 |
| 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 | $13,578 |
| 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 | $200 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $200 |
| Net assets without donor restrictions | $0 |
| 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 | $13,378 |
| Total liabilities and net assets/fund balances | $13,578 |
Grants Awarded
Over the last fiscal year, Pbm Accountability Project has awarded $47,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Enfield, NH PURPOSE: TO NAVIGATE UNION ENVIRONMENT | $37,500 |
JOSIAH BARTLETT CENTER FOR PU PURPOSE: TO PRODUCE A RESEARCH PAPER | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Center For Global Development Washington, DC | $65,777,264 | $14,319,773 |
Results For America Washington, DC | $34,611,584 | $37,342,488 |
Humanim Inc Columbia, MD | $20,769,725 | $20,890,295 |
Camber Foundation Durham, NC | $143,536,160 | $30,406,277 |
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Senior Total Life Care Gastonia, NC | $7,534,285 | $22,491,131 |
Duke Integrated Network Inc Durham, NC | $2,381,377 | $12,476,427 |
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Community Legal Services Inc Philadelphia, PA | $20,694,601 | $20,774,549 |