Overview
What is United States Pharmacopeial Convention?
The United States Pharmacopeial Convention (USP) is a global health organization situated in the United States. Their primary mission is to enhance global health by establishing and implementing public standards for the identity, strength, quality, and purity of medicines, food ingredients, and dietary supplements used and consumed worldwide. Through these standards and related programs, USP ensures the safety, quality, and effectiveness of various health products.
Official website here: www.usp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
The United States Pharmacopeial Convention has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization earned a perfect score in several key areas, including having an entirely independent board and effective oversight through its Audit and Oversight Committee. This high rating indicates a strong commitment to transparency and responsible financial management.
Strengths highlighted in the review include the organization's robust governance structure, with a majority of independent board members and comprehensive policies in place for conflict of interest and whistleblower protection. The financial ratios also demonstrate a healthy balance, indicating that a significant portion of its expenses is dedicated to program activities rather than administrative or fundraising costs.
There are no significant limitations noted in the available data. The organization appears to maintain a solid financial position, with low liabilities relative to its assets, enhancing its overall credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about United States Pharmacopeial Convention?
92% of 73 reviewers on Facebook recommend the United States Pharmacopeial Convention. Here is a summary of their reviews:
Many individuals express a strong sense of pride in being associated with the organization, highlighting its impressive 200-year history and dedication to its mission and vision. This long-standing commitment seemingly resonates well with staff and stakeholders alike, suggesting that the nonprofit effectively embodies its foundational values. Enthusiastic reviews accentuate the positive impact the organization has on its community and the greater pharmaceutical industry.
Overall, there is a clear sentiment of satisfaction among those who have engaged with the United States Pharmacopeial Convention, indicating that it fulfills its commitments and maintains a positive reputation within its sphere of influence. The deep-rooted legacy of the organization adds to its appeal and trustworthiness among supporters.
This AI summary has been generated from reviews found on Facebook.
Is United States Pharmacopeial Convention legitimate?
United States Pharmacopeial Convention is a legitimate nonprofit organization registered as a 501(c)(3) entity. United States Pharmacopeial Convention submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,558,851
Professional Fundraising Fees: $0
Other Salaries and Wages: $132,662,776
For more financial information, click here
Official website here: www.usp.org
What is the mission statement of United States Pharmacopeial Convention?
The United States Pharmacopeial Convention is a global health organization dedicated to improving health worldwide. They accomplish this by establishing public standards and related programs that ensure the quality, safety, and benefit of medicines and foods. USP sets identity, strength, quality, and purity standards for various products, including medicines, food ingredients, and dietary supplements, used and manufactured globally. By implementing these standards, USP contributes significantly to maintaining the trust and confidence of consumers and healthcare professionals in these essential products.
Official website here: www.usp.org
Who is the CEO of United States Pharmacopeial Convention?
Ronald T Piervincenzi is the Chief Executive Officer & Ex-Officio of United States Pharmacopeial Convention. The CEO's salary of United States Pharmacopeial Convention is $898,347 and their total compensation is $1,000,049.
Official website here: www.usp.org
What is the revenue of United States Pharmacopeial Convention?
United States Pharmacopeial Convention's revenue in 2023 was $346,271,530.
Official website here: www.usp.org
Who are the executives of United States Pharmacopeial Convention and what are their salaries?
The average compensation at United States Pharmacopeial Convention during 2023 was $146,604. There are 936 employees and 671 volunteers at United States Pharmacopeial Convention.
Here are 26 key members and their salaries (United States Pharmacopeial Convention's CEO's salary is $898,347 and their total compensation is $1,000,049):
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- Compensation: $898,347
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- Other: $101,702
- Compensation: $549,453
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- Other: $66,721
- Compensation: $465,868
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- Compensation: $463,649
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- Other: $56,571
- Compensation: $446,383
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- Other: $55,805
- Compensation: $465,653
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- Other: $53,168
- Compensation: $450,579
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- Other: $9,091
- Compensation: $372,277
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- Other: $49,170
- Compensation: $367,442
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- Other: $36,514
- Compensation: $352,426
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- Other: $39,776
- Compensation: $350,728
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- Other: $43,223
- Compensation: $350,495
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- Other: $50,220
- Compensation: $326,364
- Related: $0
- Other: $33,811
Official website here: www.usp.org
Where can I find the form 990 for United States Pharmacopeial Convention?
United States Pharmacopeial Convention's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.usp.org
Learn more at the official website: www.usp.org
Mission Statement of United States Pharmacopeial Convention
The United States Pharmacopeia (USP), a global health organization, is dedicated to improving the health of people around the world by establishing and implementing public standards for medicines and foods. USP's mission goes beyond setting standards, extending to related programs aimed at ensuring the quality, safety, and benefit of these essential products.
In practice, USP sets the criteria for the identity, strength, quality, and purity of medicines, food ingredients, and dietary supplements, which are adhered to by manufacturers, distributors, and regulatory agencies worldwide. By implementing these rigorous standards, USP plays a vital role in maintaining confidence in the global supply of medicines and foods, ultimately contributing to better health outcomes for individuals across the globe.
USP's commitment to improving global health is rooted in its mission to create a world where every person can access quality medicines and foods that are safe and effective. The organization's work is grounded in science and driven by its expertise in various areas, including chemistry, biology, pharmacology, microbiology, and pharmaceutics. USP's standards are developed, revised, and implemented through a transparent and inclusive process involving experts from academia, industry, regulatory agencies, and other stakeholders. With this collaborative approach, USP ensures that its standards remain comprehensive, evidence-based, and adaptable to the evolving needs of the global health landscape.
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Impact
October, 2024
The United States Pharmacopeial Convention (USP) plays a critical role in global health by establishing rigorous standards for the identity, strength, quality, and purity of medicines, food ingredients, and dietary supplements. By setting these public standards, USP ensures that products consumed worldwide meet essential safety and quality requirements, thereby protecting public health and enhancing the efficacy of treatments.
USP's work helps to foster trust among consumers, healthcare professionals, and manufacturers, creating a framework for compliance that supports the consistent production of safe and effective products. This impact extends beyond the United States, as USP's standards are recognized and utilized globally, influencing regulations and practices in various countries.
The organization's commitment to continuous improvement and adaptation in response to emerging health challenges further solidifies its influence in promoting better health outcomes. Through comprehensive standards and related programs, USP effectively contributes to the safeguarding of public health while facilitating advancements in the pharmaceutical and food industries.
This information is meant to be a general summary of United States Pharmacopeial Convention. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $10,363,719
- Program Service Revenue: $305,130,377
- Gross Receipts: $554,482,992
Assets and Liabilities:
- Total Assets: $701,768,432
- Total Liabilities: $190,873,220
- Net Assets: $510,895,212
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMPENDIAL ACTIVITIES
Revenue
$294,781,185
ALLIED COMPENDIAL ACT.
Revenue
$6,175,722
NON-COMPENDIAL ACT.
Revenue
$4,173,470
Organization Details
Founding Year
1820
Phone
(301) 881-0666Principal Officer
Ronald T Piervincenzi
Main Address
12601 TWINBROOK PARKWAY, ROCKVILLE, MD, 20852
Website
www.usp.orgNTEE Category
Code: E050 - Health
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