Parenteral Drug Association Inc
- Assets
- $14.1m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 46
- Location
- Bethesda, MD
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 52-1906152
Organization Overview
Parenteral Drug Association Inc is located in Bethesda, MD. The organization was established in 1994. 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 12/2021, Parenteral Drug Association Inc employed 46 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Parenteral Drug Association Inc 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, Parenteral Drug Association Inc generated $8.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $10.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. 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 BE THE FOREMOST GLOBAL PROVIDER OF SCIENCE, TECHNOLOGY AND REGULATORY INFORMATION AND EDUCATION FOR THE PHARMACEUTICAL AND BIOPHARMACEUTICAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS & MEETINGS-EDUCATE MEMBERS AND NON-MEMBERS BY TEACHING DEVELOPMENTS IN MANUFACTURING AND QUALITY CONTROL FOR PRIMARY STERILE PRODUCT DEVELOPMENTS.
TRAINING & RESEARCH INSTITUE (TRI)EDUCATIONAL COURSES - TECHNICAL TRAINING FOR SCIENTISTS IN THE PHARMACEUTICAL AREAS OF MANUFACTURING, DEVELOPMENT AND QUALITY CONTROL. TRAINING - TRAIN MEMBERS AND NON-MEMBERS TO BASIC MANUFACTURING TECHNIQUES CENTERED AROUND GMP GUIDELINES.
MEMBERSHIP & CHAPTER SERVICES-PROVIDE THE LATEST GUIDELINES FOCUSING ON TECHNOLOGY INFORMATION ON MANUFACTURING, TECHNICAL REPORTS, AND QUALITY CONTROL.
PUBLICATION SALES- PROVIDE THE LATEST SCIENCE, TECHNOLOGY AND REGULATORY INFORMATION.SALES, EXHIBIT & SPONSORSHIP, ADVERTISING- PROVIDE THE LATEST SCIENCE, TECHNOLOGY AND REGULATORY INFORMATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Johnson President, CEO | Officer | 37.5 | $395,032 |
Glenn Wright COO | Officer | 37.5 | $255,394 |
David Hall Vp, Exhibits | Officer | 37.5 | $180,077 |
Debbie Goldstein Vp, Marketing | Officer | 37.5 | $165,752 |
Jennifer Bell Vp, Finance | Officer | 37.5 | $165,593 |
David Talmage Vp, Education | Officer | 37.5 | $158,067 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Multimedia Pharma Sciences Llc Advertising | 12/30/21 | $265,450 |
Rsm Us Llp It Consulting & Auditing Services | 12/30/21 | $259,115 |
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 | $93,962 |
| Noncash contributions included in lines 1a–1f | $83,962 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,962 |
| Total Program Service Revenue | $6,126,737 |
| Investment income | $175,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $115,601 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $355,031 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $621,608 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,044,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $854 |
| 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. | $1,599,856 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,856,776 |
| Pension plan accruals and contributions | $190,029 |
| Other employee benefits | $425,946 |
| Payroll taxes | $279,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,106 |
| Fees for services: Accounting | $46,288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,695 |
| Fees for services: Other | $1,278,585 |
| Advertising and promotion | $590,839 |
| Office expenses | $455,389 |
| Information technology | $113,349 |
| Royalties | $0 |
| Occupancy | $1,115,880 |
| Travel | $96,641 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $755,315 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $440,903 |
| Insurance | $75,590 |
| All other expenses | $31 |
| Total functional expenses | $10,547,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,505 |
| Savings and temporary cash investments | $705,468 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $365,320 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,854 |
| Prepaid expenses and deferred charges | $153,029 |
| Net Land, buildings, and equipment | $2,480,076 |
| Investments—publicly traded securities | $9,629,918 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $532,056 |
| Total assets | $14,078,226 |
| Accounts payable and accrued expenses | $2,054,552 |
| Grants payable | $0 |
| Deferred revenue | $1,495,839 |
| 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 | $3,695,967 |
| Other liabilities | $2,385,287 |
| Total liabilities | $9,631,645 |
| Net assets without donor restrictions | $4,446,581 |
| 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 | $14,078,226 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Health Care Association And Subsidiary Washington, DC | $42,939,988 | $48,686,518 |
American Physical Therapy Association Alexandria, VA | $61,402,503 | $48,378,744 |
American College Of Obstetricians And Gynecologists Washington, DC | $106,112,762 | $64,499,818 |
American Pharmacists Association Washington, DC | $163,886,868 | $44,521,432 |
American Nurses Association Inc Silver Spring, MD | $72,047,526 | $33,274,226 |
National Association Of Childrens Hospital And Related Institutions Washington, DC | $129,313,033 | $43,392,577 |
Oncology Nursing Society Pittsburgh, PA | $48,820,451 | $29,142,020 |
American Society Of Nephrology Inc Washington, DC | $85,761,942 | $25,981,219 |
American Academy Of Physician Assistants Inc Alexandria, VA | $37,287,618 | $27,625,692 |
American College Of Cardiology Washington DC, DC | $26,183,566 | $22,719,539 |
Inteleos Inc Rockville, MD | $32,845,295 | $22,272,496 |
Chop Clinical Associates Inc Philadelphia, PA | $1,382,809 | $20,179,810 |