Overview
What is Pharmaceutical Research And Manufacturers Of America Fdn Inc?
Pharmaceutical Research and Manufacturers of America Foundation Inc, based in Washington D.C., is a nonprofit organization dedicated to advancing public health. They achieve this by proactively investing in innovative research, education, and value-driven healthcare. The foundation supports individuals engaged in a multidisciplinary research training program, providing them with stipends to expand their credentials and acquire new skills. Their approach to drug discovery involves a blend of culture-based and animal-based efforts, embracing cutting-edge technology to identify potential new medicines. The foundation's mission is to contribute positively to the healthcare sector, focusing on improving lives through groundbreaking research and education.
Official website here: www.phrmafoundation.org
What are the reviews and ratings of this charity?
97% - Four-Star out of Four Star Rating
The Pharmaceutical Research and Manufacturers of America Foundation Inc has achieved a remarkable 97% score on Charity Navigator, indicating a strong commitment to accountability and financial health. This high rating is derived from a comprehensive assessment of its financial practices, demonstrating robust management and transparency.
Key strengths include a fully independent board and effective oversight mechanisms, including an audit and oversight committee. The organization boasts no material diversion of assets and operates with a high program expense ratio, ensuring that the majority of funds are directed toward its mission. Additionally, its low fundraising efficiency ratio signifies effective cost management in raising funds.
While the organization scores excellently across various financial metrics, maintaining transparency and fiscal responsibility will be crucial for sustaining its strong reputation. Overall, the foundation demonstrates a solid commitment to ethical governance and effective resource allocation, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Pharmaceutical Research And Manufacturers Of America Fdn Inc legitimate?
Pharmaceutical Research And Manufacturers Of America Fdn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pharmaceutical Research And Manufacturers Of America Fdn Inc 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: $434,874
Professional Fundraising Fees: $0
Other Salaries and Wages: $334,365
For more financial information, click here
Official website here: www.phrmafoundation.org
What is the mission statement of Pharmaceutical Research And Manufacturers Of America Fdn Inc?
The Pharmaceutical Research and Manufacturers of America Foundation works towards enhancing public health by actively investing in innovative research, education, and value-driven healthcare. Their mission involves proactively funding projects that focus on drug discovery. The process of drug discovery, as per their approach, should include innovative culture-based and animal-based efforts, embracing new cutting-edge technology. The foundation provides financial support through awards for individuals engaged in a multidisciplinary research training program, aiming to extend their credentials and acquire new skills.
Official website here: www.phrmafoundation.org
Who is the CEO of Pharmaceutical Research And Manufacturers Of America Fdn Inc?
Amy Miller is the President of Pharmaceutical Research And Manufacturers Of America Fdn Inc.
Official website here: www.phrmafoundation.org
What is the revenue of Pharmaceutical Research And Manufacturers Of America Fdn Inc?
Pharmaceutical Research And Manufacturers Of America Fdn Inc's revenue in 2022 was $3,902,642.
Official website here: www.phrmafoundation.org
Who are the executives of Pharmaceutical Research And Manufacturers Of America Fdn Inc and what are their salaries?
The average compensation at Pharmaceutical Research And Manufacturers Of America Fdn Inc during 2022 was $256,413. There are 3 employees and 86 volunteers at Pharmaceutical Research And Manufacturers Of America Fdn Inc.
Here are 15 key members and their salaries:
- Compensation: $367,542
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- Other: $67,332
- Compensation: $163,455
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- Other: $35,816
- Compensation: $106,642
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- Other: $35,294
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Official website here: www.phrmafoundation.org
Where can I find the form 990 for Pharmaceutical Research And Manufacturers Of America Fdn Inc?
Pharmaceutical Research And Manufacturers Of America Fdn Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.phrmafoundation.org
Learn more at the official website: www.phrmafoundation.org
Mission Statement of Pharmaceutical Research And Manufacturers Of America Fdn Inc
The Pharmaceutical Research and Manufacturers of America Foundation, often referred to as PHRMA Foundation, is committed to enhancing public health by actively investing in innovative research, education, and value-driven healthcare solutions. Their mission is to proactively contribute to the improvement of public health, focusing on identifying potential new medicines through the evolving process of drug discovery. This process should incorporate innovative culture-based and animal-based efforts that embrace cutting-edge technology. The foundation provides stipend support for individuals engaged in a multidisciplinary research training program. This program aims to extend their credentials and provide them with new skills, ultimately contributing to the advancement of medical research.
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Impact
July, 2024
The Pharmaceutical Research and Manufacturers of America Foundation Inc's impact lies in supporting drug discovery efforts through innovative research training programs. By providing stipend support to individuals engaged in multidisciplinary research, the foundation aims to advance the process of identifying potential new medicines. Through this initiative, the foundation contributes to improving public health by investing in cutting-edge technology and fostering a culture of innovation in medical research.
This information is meant to be a general summary of Pharmaceutical Research And Manufacturers Of America Fdn Inc. 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: $367,035
- Gross Receipts: $5,432,782
Assets and Liabilities:
- Total Assets: $22,787,225
- Total Liabilities: $1,467,134
- Net Assets: $21,320,091
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Organization Details
Founding Year
1965
Phone
(202) 572-7755Principal Officer
Amy Miller
Main Address
950 F STREET Suite 300, WASHINGTON, DC, 20004
Website
www.phrmafoundation.orgNTEE Category
Code: H90 - Medical research
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