Regulatory Affairs Professionals Society
- Assets
- $10.4m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 66
- Location
- Rockville, MD
- Founding
- 03/1979
- Data as of
- 12/2021
- EIN
- 52-1139030
Organization Overview
Regulatory Affairs Professionals Society is located in Rockville, MD. The organization was established in 1979. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Regulatory Affairs Professionals Society employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regulatory Affairs Professionals 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, Regulatory Affairs Professionals Society generated $11.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $10.9m during the year ending 12/2021. While expenses have increased by 1.0% 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
TO PROMOTE THE ADVANCEMENT OF THE REGULATORY AFFAIRS PROFESSION AND THE PROFESSION'S ROLE IN THE DEVELOPMENT, REVIEW, REGISTRATION, AND MONITORING OF HEALTH CARE PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL ISSUES - MORE THAN 125 EDUCATIONAL PROGRAMS AND COURSES, PROVIDING INITIAL TRAINING AND ADVANCED LEARNING OPPORTUNITIES FOR PROFESSIONALS BOTH IN-PERSON AND ONLINE, INCLUDING THE SOCIETY'S ANNUAL CONFERENCE; THE PROFESSIONAL CERTIFICATION PROGRAM (REGULATORY AFFAIRS CERTIFICATION - RAC) OFFERING FOUR EXAMINATIONS-COVERING US, EUROPEAN UNION, CANADIAN AND INTERNATIONAL REGULATIONS.
COMMUNICATIONS - PRODUCTION OF PRINT AND ELECTRONIC COMMUNICATIONS, INCLUDING RAPS' ONLINE PUBLICATION, REGULATORY FOCUS; RAPS BOOKS AND PUBLICATIONS; ELECTRONIC COMMUNICATIONS AND THE DEVELOPMENT AND MAINTENANCE OF RAPS BRANDED WEBSITES; MARKETING EFFORTS FOR EDUCATIONAL PROGRAMS AND SERVICES AND PROFESSIONAL ACTIVITIES; EXHIBITS AND COMMUNICATIONS AT RAPS' ANNUAL CONFERENCE AND OTHER RAPS EVENTS; PUBLIC RELATIONS INITIATIVES INCLUDING OUTREACH TO GENERAL AND TRADE MEDIA AND OTHER PROFESSIONAL AND CONSUMER GROUPS; AND COORDINATED SOCIAL MEDIA COMMUNICATIONS.
MEMBERSHIP - EDUCATIONAL, SCIENTIFIC SOCIETY SUPPORTING REGULATORY AFFAIRS PROFESSIONALS IN THE MEDICAL DEVICES, PHARMACEUTICALS AND BIOLOGICS-RELATED ORGANIZATIONS, INCLUDING INDUSTRY, GOVERNMENT, CLINICAL RESEARCH, ACADEMIA. PROVIDE MEMBERSHIP SUPPORT, EDUCATIONAL AND INFORMATION SERVICES, DIGITAL PUBLICATION OF INFORMATION RELEVANT TO THE PROFESSION AND HEALTH SECTOR, VIRTUAL AND IN- PERSON PEER-TO-PEER NETWORKING, LOCAL/INTERNATIONAL CHAPTERS AND AFFILIATES AND A VARIETY OF OTHER PROGRAMS, PRODUCTS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gert Bos Chair | OfficerTrustee | 1 | $0 |
Jethro Ekuta President | OfficerTrustee | 1 | $0 |
Patricia Reis Castro Treasurer | OfficerTrustee | 1 | $0 |
Kimberly Belsky Director | Trustee | 1 | $0 |
Carol Cooper Director | Trustee | 1 | $0 |
Daniela Drago Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Traiteur Montreal Inc Annual Conference Catering Services | 12/30/23 | $390,956 |
Association Of Food And Drug Officials Collaborative F2f Events | 12/30/23 | $759,050 |
Kellogg School Of Management F2f Event & Venue Executive Development | 12/30/23 | $182,770 |
Tknl Inc Au Palais Des Congres Annual Conference Av Services | 12/30/23 | $237,651 |
Impexium Corporation Ams | 12/30/23 | $169,071 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $758 |
| Investment income | $53,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $24,379 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,401 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $865,474 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,265,798 |
| 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. | $990,653 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,980,093 |
| Pension plan accruals and contributions | $121,245 |
| Other employee benefits | $315,856 |
| Payroll taxes | $343,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $169,363 |
| Fees for services: Accounting | $64,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,209 |
| Fees for services: Other | $1,340,376 |
| Advertising and promotion | $888,903 |
| Office expenses | $537,548 |
| Information technology | $914,681 |
| Royalties | $50,910 |
| Occupancy | $318,949 |
| Travel | $26,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $291,324 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200,973 |
| Insurance | $74,959 |
| All other expenses | $0 |
| Total functional expenses | $10,926,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,631,321 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $302,984 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $132,421 |
| Prepaid expenses and deferred charges | $518,522 |
| Investments—publicly traded securities | $3,694,719 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,491 |
| Total assets | $10,385,776 |
| Accounts payable and accrued expenses | $1,215,157 |
| Grants payable | $0 |
| Deferred revenue | $2,133,485 |
| 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 | $1,354,978 |
| Total liabilities | $4,703,620 |
| Net assets without donor restrictions | $5,682,156 |
| 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 | $5,682,156 |