Pharmaceutical Supply Chain Initiative
- Assets
- $763.6k
- Revenue
- $969.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 90-1069596
Organization Overview
Pharmaceutical Supply Chain Initiative is located in Philadelphia, PA. The organization was established in 2014. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pharmaceutical Supply Chain Initiative 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 12/2021, Pharmaceutical Supply Chain Initiative generated $969.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $944.5k during the year ending 12/2021. While expenses have increased by 12.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELD VIRTUAL SUPPLIER CONFERENCES TAKING PLACE OVER 7 DAYS, DELIVERING 10,000 HOURS OF VIRTUAL TRAINING TO 3,600 SUPPLIER ATTENDEES BASED IN INDIA AND CHINA.
ADMINISTERED A SHARED AUDIT PLATFORM AND RESPONSIBLE AUDITING PROTOCOL TO DRIVE EFFICIENCY AND BEST PRACTICE ACROSS THE INDUSTRY.
HELD TWO VIRTUAL MEMBER MEETINGS SHARING INDUSTRY BEST PRACTICE ON A RANGE OF SOCIAL AND ENVIRONMENTAL TOPICS WITH THE GROWING MEMBERSHIP. HELD TEN (10) WEBINARS THROUGHOUT THE YEAR ON VARIOUS TOPICS INCLUDING: HAZARDOUS REACTIONS, HUMAN RIGHTS RISK MAPPING, COMBUSTIBLE DUST, ANTIBRIBERY AND CORRUPTION, WASTEWATER TREATMENT, INDIAN LABOUR LAW, RESPIRATORY PROTECTION, INDUSTRIAL HYGIENE AND RESPONSIBLE SOURCING OF RAW MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridget Ferrari Treasurer | OfficerTrustee | 4 | $0 |
Manjit Singh Chair | OfficerTrustee | 4 | $0 |
Victoria Stone-Bjarup Vice Chair | OfficerTrustee | 4 | $0 |
Caroline O'brien Past Chair | OfficerTrustee | 4 | $0 |
Rikke Gade Christensen Secretary | OfficerTrustee | 4 | $0 |
Zelia Kranich Secretary | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carnstone Partners Llp Management Services | 12/30/20 | $698,131 |
World Television Ltd Video Production Services | 12/30/20 | $171,315 |
Carnstone Partners Llp Management Services | 12/30/20 | $698,131 |
World Television Ltd Video Production Services | 12/30/20 | $171,315 |
Carnstone Partners Llp Management Services | 12/30/20 | $698,131 |
World Television Ltd Video Production Services | 12/30/20 | $171,315 |
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 | $969,427 |
| 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 | $969,449 |
| 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 | $663,747 |
| Fees for services: Legal | $1,768 |
| Fees for services: Accounting | $29,243 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $230,142 |
| Advertising and promotion | $0 |
| Office expenses | $279 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $16,616 |
| Insurance | $1,749 |
| All other expenses | $960 |
| Total functional expenses | $944,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,450 |
| Savings and temporary cash investments | $220,024 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145,288 |
| 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 | $31,644 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $54,213 |
| Other assets | $0 |
| Total assets | $763,619 |
| Accounts payable and accrued expenses | $186,534 |
| Grants payable | $0 |
| Deferred revenue | $274,898 |
| 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 | $461,432 |
| Net assets without donor restrictions | $302,187 |
| 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 | $763,619 |
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