Reagan-Udall Foundation For The Food And Drug Administration
- Assets
- $6.4m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Washington, DC
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-3727917
Organization Overview
Reagan-Udall Foundation For The Food And Drug Administration is located in Washington, DC. The organization was established in 2009. According to its NTEE Classification (F01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, Reagan-Udall Foundation For The Food And Drug Administration employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reagan-Udall Foundation For The Food And Drug Administration 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, Reagan-Udall Foundation For The Food And Drug Administration generated $8.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $7.8m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 9 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
ADVANCE THE MISSION OF THE FOOD AND DRUG ADMINISTRATION TO MODERNIZE PRODUCT DEVELOPMENT, ACCELERATE INNOVATION, AND ENHANCE PRODUCT SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE INNOVATIVE RESEARCH & ANALYSIS - PROVIDE DATA ASSETS AND ANALYSIS TOOLS TO EXAMINE THE RISKS AND BENEFITS OF REGULATED PRODUCTS. EXAMPLES INCLUDE THE COVID-19 EVIDENCE ACCELERATOR, THE INNOVATION IN MEDICAL EVIDENCE AND DEVELOPMENT SURVEILLANCE (IMEDS) PROGRAM, AND THE ALGORITHM VALIDATION STUDIES PROGRAM.EDUCATION - THE NEWLY CREATED FELLOWSHIP INREGULATORY SCIENCE, INNOVATION, AND HEALTH EQUITYPROVIDES A HANDS-ON LEARNING OPPORTUNITY FOR PROFESSIONAL SCHOOL GRADUATES.
IMPROVE PUBLIC UNDERSTANDING OF THE RISKS AND BENEFITS OF FDA-REGULATED PRODUCTS - IDENTIFY PRIORITY AREAS FOR CONSUMER, PATIENT, AND PROVIDER EDUCATION IN AREAS OF EMERGING SCIENCE. EXAMPLES INCLUDE THE SKIN LIGHTENING CONSUMER SAFETY PROJECT, EXPANDED ACCESS NAVIGATOR, COVID-19 HUB, ANTIMICROBIAL USE DATA IN FOOD ANIMALS, AND THE NUTRITION COMMUNICATION NETWORK.
FACILITATE MULTI-STAKEHOLDER COLLABORATION - ENABLE EXPERT ANALYSIS AND CANDID DISCUSSION ON ISSUES RELEVANT TO THE FDA MISSION. EXAMPLES INCLUDE PATIENT LISTENING SESSIONS, SUBSTANCE USE DISORDERS, AND MULTIPLE EXPERT CONVENINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Schilsky Chair | OfficerTrustee | 4 | $0 |
Georges Benjamin Vice Chair | OfficerTrustee | 4 | $0 |
Allan Coukell Secretary/treasurer | OfficerTrustee | 4 | $0 |
Ed Allera Director | Trustee | 4 | $0 |
Phil Febbo Director | Trustee | 4 | $0 |
Adrian Hernandez Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Angela Hoth Professional Consulting Services | 12/30/23 | $153,154 |
Evidence To Practice Llc Professional Consulting Services | 12/30/23 | $349,964 |
Alston & Bird Llp Legal Services | 12/30/23 | $140,000 |
Beacon Hill Staffing Group Temp Staffing Services | 12/30/23 | $111,115 |
Calibre Cpa Group Pllc Accounting Services | 12/30/23 | $102,454 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $323,950 |
| Related organizations | $0 |
| Government grants | $4,177,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,698,615 |
| Total Program Service Revenue | $3,399,686 |
| Investment income | $132,034 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,905 |
| Net Income from Fundraising Events | -$78,385 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,216,727 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $685,813 |
| Compensation of current officers, directors, key employees. | $27,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,594,541 |
| Pension plan accruals and contributions | $89,600 |
| Other employee benefits | $130,733 |
| Payroll taxes | $151,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,988 |
| Fees for services: Accounting | $123,914 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,185,933 |
| Advertising and promotion | $37,289 |
| Office expenses | $31,400 |
| Information technology | $165,690 |
| Royalties | $0 |
| Occupancy | $251,379 |
| Travel | $4,825 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,227 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,113 |
| Insurance | $11,172 |
| All other expenses | $41 |
| Total functional expenses | $7,790,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $526,766 |
| Savings and temporary cash investments | $3,310,505 |
| Pledges and grants receivable | $704,030 |
| Accounts receivable, net | $148,785 |
| 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 | $46,148 |
| Net Land, buildings, and equipment | $117,750 |
| Investments—publicly traded securities | $250,893 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,626 |
| Other assets | $1,274,655 |
| Total assets | $6,385,158 |
| Accounts payable and accrued expenses | $403,452 |
| Grants payable | $0 |
| Deferred revenue | $311,414 |
| 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 | $1,494,674 |
| Total liabilities | $2,209,540 |
| Net assets without donor restrictions | $4,121,734 |
| Net assets with donor restrictions | $53,884 |
| 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 | $6,385,158 |
Grants Awarded
Over the last fiscal year, Reagan-Udall Foundation For The Food And Drug Administration has awarded $342,999 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ILLINOIS PURPOSE: IMEDS Methods Research | $60,000 |
UNIVERSITY OF NORTH CAROLINA PURPOSE: IMEDS Methods Research | $100,000 |
BRIGHAM & WOMEN'S HOSPITAL PURPOSE: IMEDS Methods Research | $182,999 |