Overview
What is Regulatory Affairs Professionals Society?
The Regulatory Affairs Professionals Society is a nonprofit organization based in Rockville, Maryland, located at 5635 Fishers Lane 400. Their primary mission is to support and advance the regulatory affairs profession, which involves the development, review, registration, and monitoring of healthcare products. They offer over 125 educational programs and courses, both in-person and online, including their annual conference and the Professional Certification Program (RAC), featuring examinations covering US, European Union, Canadian, and international regulations. Through these initiatives, the Regulatory Affairs Professionals Society aims to promote the regulatory profession's importance in ensuring the timely delivery of safe and effective regulated healthcare products. The organization has a workforce of approximately 66 employees.
Official website here: www.https:/www.raps.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 95%, Four-Star out of Four Star rating
The Regulatory Affairs Professionals Society has achieved a high score of 95% on Charity Navigator, indicating strong performance in accountability and financial transparency. The organization has demonstrated complete integrity with all board members being independent and maintaining a solid governance structure. Its financial practices are well-managed, as evidenced by the absence of material diversion of assets and a healthy liabilities to assets ratio.
Strengths of the organization include its comprehensive conflict of interest and whistleblower policies, which reflect a commitment to ethical practices. The program expense ratio is also commendable at 69.03%, signifying that a significant portion of its resources is directed towards its mission-driven activities. Furthermore, the society's financial statements are subject to rigorous oversight, enhancing trust among stakeholders.
While the organization excels in many areas, the data reflects that there is always room for improvement in optimizing efficiency, particularly in program expense ratios, which could be enhanced to increase impact. Overall, the Regulatory Affairs Professionals Society stands out as a well-managed nonprofit dedicated to its mission with strong governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Regulatory Affairs Professionals Society legitimate?
Regulatory Affairs Professionals Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regulatory Affairs Professionals Society 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: $1,121,267
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,461,908
For more financial information, click here
Official website here: www.https:/www.raps.org
What is the mission statement of Regulatory Affairs Professionals Society?
The Regulatory Affairs Professionals Society (RAPS) strives to advance the regulatory affairs profession by offering educational programs and resources that cater to the professional development needs of individuals in this field. RAPS raises awareness of the significance of regulatory affairs in ensuring the timely delivery of safe and effective healthcare products. Through various platforms, including in-person conferences and online courses, RAPS provides professionals with both initial training and advanced learning opportunities. The organization also offers a Professional Certification Program (Regulatory Affairs Certification - RAC), which encompasses examinations covering US, European Union, Canadian, and international regulations.
Official website here: www.https:/www.raps.org
Who is the CEO of Regulatory Affairs Professionals Society?
William Mcmoil is the Executive Director of Regulatory Affairs Professionals Society.
Official website here: www.https:/www.raps.org
What is the revenue of Regulatory Affairs Professionals Society?
Regulatory Affairs Professionals Society's revenue in 2022 was $13,364,551.
Official website here: www.https:/www.raps.org
Who are the executives of Regulatory Affairs Professionals Society and what are their salaries?
The average compensation at Regulatory Affairs Professionals Society during 2022 was $84,594. There are 66 employees and 333 volunteers at Regulatory Affairs Professionals Society.
Here are 22 key members and their salaries:
- Compensation: $372,303
- Related: $0
- Other: $28,626
- Compensation: $232,044
- Related: $0
- Other: $22,162
- Compensation: $228,394
- Related: $0
- Other: $24,022
- Compensation: $187,761
- Related: $0
- Other: $25,955
- Compensation: $151,651
- Related: $0
- Other: $8,363
- Compensation: $134,602
- Related: $0
- Other: $15,179
- Compensation: $137,552
- Related: $0
- Other: $8,294
- Compensation: $134,786
- Related: $0
- Other: $15,265
- Compensation: $131,239
- Related: $0
- Other: $14,691
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.https:/www.raps.org
Where can I find the form 990 for Regulatory Affairs Professionals Society?
Regulatory Affairs Professionals Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.https:/www.raps.org
Learn more at the official website: www.https:/www.raps.org
Mission Statement of Regulatory Affairs Professionals Society
The Regulatory Affairs Professionals Society (RAPS) is a leading organization dedicated to advancing the regulatory affairs profession and highlighting its significant role in bringing safe and effective regulated healthcare products to the market. Through various educational programs, products, and services, RAPS caters to the professional development needs of regulatory professionals.
RAPS serves as a vital bridge between regulatory experts and the healthcare industry, enabling professionals to stay updated on the latest regulations and trends. The organization offers an extensive range of educational opportunities, both in-person and online, including over 125 programs and courses. These resources cater to professionals at all stages of their careers, from initial training to advanced learning. The Society's Annual Conference is a prominent event that attracts regulatory professionals from around the world, providing a platform for knowledge sharing and networking.
Furthermore, RAPS operates a Professional Certification Program, known as Regulatory Affairs Certification (RAC), which offers examinations covering US, European Union, Canadian, and international regulations. This certification program is designed to elevate the profession by recognizing individuals who demonstrate a commitment to excellence and expertise in regulatory affairs. By fostering professional growth and development, RAPS plays a crucial role in ensuring the delivery of safe and effective healthcare products to consumers.
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Impact
October, 2024
The Regulatory Affairs Professionals Society (RAPS) significantly impacts the field of regulatory affairs by advancing the profession and enhancing its role in the lifecycle of healthcare products. Through an extensive array of over 125 educational programs and courses, RAPS provides both initial training and advanced learning opportunities for regulatory professionals. These are offered in various formats, including in-person sessions and online platforms, ensuring widespread accessibility.
The organization's annual conference serves as a crucial gathering for professionals to share knowledge, network, and stay updated on the latest regulatory developments. Furthermore, RAPS administers the Regulatory Affairs Certification (RAC) program, which offers examinations that cover regulations across various regions, including the U.S., European Union, Canada, and international standards. This certification enhances professional credibility and demonstrates a commitment to understanding complex regulatory landscapes.
By providing these resources, RAPS elevates the visibility of the regulatory profession and underscores its essential contribution to the development, review, registration, and monitoring of safe and effective healthcare products. Through its mission, RAPS actively supports the continuing professional development of its members, fostering a community of knowledgeable professionals dedicated to excellence in regulatory affairs.
This information is meant to be a general summary of Regulatory Affairs Professionals Society. 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 2022.
- Investment Income: $4,698
- Program Service Revenue: $12,621,326
- Gross Receipts: $14,624,605
Assets and Liabilities:
- Total Assets: $11,914,074
- Total Liabilities: $7,377,140
- Net Assets: $4,536,934
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER DUES
Revenue
$3,052,212
E-LEARNING
Revenue
$3,037,719
CONFERENCE
Revenue
$2,222,672
EDUCATION
Revenue
$1,664,659
SPONSORSHIPS
Revenue
$1,328,097
Organization Details
Founding Year
1977
Phone
(301) 770-2920Principal Officer
William Mcmoil
Main Address
5635 FISHERS LANE 400, ROCKVILLE, MD, 20852
Website
www.https:/www.raps.orgNTEE Category
Code: W99Z - Public benefit
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