Young Black Pharma
- Assets
- $171.6k
- Revenue
- $389.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- Data as of
- 12/2023
- EIN
- 86-1441033
Organization Overview
Young Black Pharma is located in Houston, TX. 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. Young Black Pharma 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 12/2023, Young Black Pharma generated $389.0k in total revenue. All expenses for the organization totaled $244.1k during the year ending 12/2023. While expenses have increased by 123.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
YOUNG BLACK PHARMA'S MISSION IS TO CULTIVATE TALENT THROUGH MENTORING INITIATIVES THAT FOCUS ON THE PERSONAL AND PROFESSIONAL DEVELOPMENT NEEDED TO EXCEL IN THE PHARMACEUTICAL INDUSTRY, INSPIRE BLACK PHARMACEUTICAL INDUSTRY PROFESSIONALS TO ALWAYS STRIVE FOR EXCELLENCE AND PRIORITIZE PAYING IT FORWARD, AND CONNECT TO SHARE MEANINGFUL EXPERIENCES AND ENCOURAGE COMMUNITY AMONG BLACK PEOPLE IN PHARMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUNG BLACK PHARMA CONFERENCE & GALA IMPACTS IN EXCESS OF 400 PEOPLE PROVIDING PROFESSIONALLY ENRICHING AND EDUCATIONAL SESSIONS ON TOPICS SUCH AS SHOWING UP AS YOUR AUTHENTIC SELF AT WORK, COMPENSATION NEGOTIATION, DIVERSITY IN CLINICAL TRIALS, AND BUILDING YOUR LEADERSHIP BRAND WITH EXPERT SPEAKERS ON THESE TOPICS.
REGIONAL AND CONFERENCE NETWORKING EVENTS - 300-500 PEOPLE IMPACTED-OFFERED NETWORKING OPPORTUNITIES ACROSS THE COUNTRY WITH ACCESS TO PROFESSIONALS FROM ALL DIFFERENT BACKGROUNDS AND COMPANIES.
PHRMA GRADUATE SUMMIT PARTNER - 40 PEOPLE IMPACTED-PROVIDED TOOLS AND TIPS ON HOW TO APPROACH PURSUING A JOB IN THE PHARMACEUTICAL INDUSTRY AND HOW TO PREPARE YOURSELF FROM RESUME BUILDING TO INTERVIEWING STRATEGIES.
PROFESSIONAL DEVELOPMENT WEBINAR SERIES - MONTHLY VIRTUAL WEBINARS COVERING VARIOUS PROFESSIONAL DEVELOPMENT TOPIC WITH GUEST SPEAKERS AND EXPERTS IN THE INDUSTRY IMPACTING HUNDREDS OF ATTENDEES THROUGHOUT THE YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ijeoma Oyetunde Membership & Social Events Lead | 10 | $0 | |
Irene Okeke 2nd Vice President, Marketing Lead | 10 | $0 | |
Dawn Bey 1st Vice President, Professional Development Lead | 10 | $0 | |
Marissa West President, Finance Lead | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,189 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,014 |
| Total Program Service Revenue | $337,962 |
| 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 | $1,073 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $389,049 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,974 |
| Advertising and promotion | $17,058 |
| Office expenses | $9,471 |
| Information technology | $6,879 |
| Royalties | $0 |
| Occupancy | $179,485 |
| Travel | $5,041 |
| 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 | $158 |
| All other expenses | $275 |
| Total functional expenses | $244,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,963 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,679 |
| 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 | $171,642 |
| Accounts payable and accrued expenses | $6,228 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,228 |
| Net assets without donor restrictions | $76,330 |
| Net assets with donor restrictions | $89,084 |
| 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 | $171,642 |