Physicians Research Network INC FY2024 filing

Accord, NYUnknown exempt organizationSince 1990 EIN 13-3606675Revenue $225K in FY2024Latest return filed May 13, 2026

On file with the IRS139 Raycliff Dr · Accord, NY

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Operations ceased december 2024. Formal dissolution july 11, 2025.

69¢ of each $1 spent went to programs.
$172K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 7
filings with a surplus
Average deficit $24K a year · 10% of revenue · last 7 filings
Concern: a surplus in 3 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$172K
to officers and key staff · 56% of spending
Concern: pay to officers and key staff is 56% of spending; over 30%.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$78K
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$225K
-21% vs prior year
Spent
$307K
To programs
69%
Net assets
$89K
By yearFY2020–FY2026
Revenue
$225K
FY2024▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$343K
FY2021$341K
FY2022$323K
FY2023$284K
FY2024$225K
FY2025$72K
FY2026$0
Expenses
$307K
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$276K
FY2021$319K
FY2022$351K
FY2023$340K
FY2024$307K
FY2025$161K
FY2026$0
Net assets
$89K
FY2024▼ -48%
Tap a bar for its year
Net assets by fiscal year
FY2020$232K
FY2021$253K
FY2022$226K
FY2023$170K
FY2024$89K
FY2025$0
FY2026$0

From the FY2024 Form 990 (year ending August 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $211K Management & general 31% · $94K Fundraising 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $172K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$120,000Pt VII · Sec A
$51,972Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2026FY2025FY2024FY2023FY2022FY2021
James F Braun—$93,938$120,000$120,000$120,000$85,385
Edward Vladich$14,323$53,685$51,972$54,792$50,868$51,382
Paul J Giacomo$17,000—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Physicians Research Network INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Conducts research and provides treatment for HIV disease and its complications.

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2 programs · $211K · in their own filed words · FY2023
01

Medical Education Symposia

PRN has established a reputation for spotlighting the work of the most innovative and influential leaders in the fields of hiv and hepatitis diagnosis, treatment and research. Covering 20 topics in 10 monthly live-meetings via zoom annually.

$211Kprogram expense
02

Website and Online Education

PRN maintains a web site (WWW.PRN.ORG) where enduring videos of PRN'S live-meetings provide online continuing medical education to a much wider national audience of clinicians. Also on the PRN website is the "PRN news" column with reports from national and international conferences pertinent to clinical diagnosis and care of hiv and…

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$225K
Ln 12
Gifts and grantsLn 1h$225K
Investment incomeLn 3$1
Money outPt IX
$307K
Ln 25
Programscol B$211K
Managementcol C$94K
Fundraisingcol D$2K
Owns and owesPt X
$89K
net assets · Ln 32
Cash and savingsLn 1–2$154K
Total assetsLn 16$166K
LiabilitiesLn 26$78K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$225K
Investment incomeLn 3$1
Total revenueLn 12$225K
Assets in detailPt X, end of year
CashLn 1$154K
Cash and savings togetherLn 1–2$154K
Land, buildings, equipmentLn 10c$9K
Other assetsLn 15$1K
Total assetsLn 16$166K
LiabilitiesLn 26$78K
Net assetsLn 32$89K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$212K$154K
Land, buildings, equipmentLn 10c$13K$9K
Total assetsLn 16$281K$166K
LiabilitiesLn 26$111K$78K
Net assetsLn 32$170K$89K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$174K$127K$45K$2K
Other employee benefitsLn 9$1K$898$320$11
Payroll taxesLn 10$8K$6K$2K$77
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$22K$22K
Office expensesLn 13$4K$3K$1K$39
OccupancyLn 16$10K$6K$4K$103
Conferences, conventions and meetingsLn 19$325$325
Depreciation, depletion and amortizationLn 22$4K$3K$1K$39
Other expenses (24a–d)Ln 24$65K$62K$3K$109
All other expensesLn 24e$6K$3K$3K$49
Total functional expensesLn 25$307K$211K$94K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 LatestFiled with the IRS May 13, 2026 $0$0$0$0 990 PDF
FY2025Filed with the IRS Feb 4, 2026 $72K$161K−$89K$0 990 PDF
FY2024 ViewingFiled with the IRS Jan 31, 2025 $225K$307K−$81K$89K 990 PDF
FY2023Filed with the IRS Jul 11, 2024 $284K$340K−$56K$170K 990 PDF
FY2022Filed with the IRS Jul 11, 2023 $323K$351K−$28K$226K 990 PDF
FY2021Filed with the IRS Jul 14, 2022 $341K$319K$22K$253K 990 PDF
FY2020Filed with the IRS Jul 14, 2021 $343K$276K$67K$232K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $225,246 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $284,215$225,245
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1$1
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $284,216$225,246
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $210,293$182,592
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $129,770$124,040
I-18 Total expensesPrior year $340,063$306,632
I-19 Revenue less expensesPrior year −$55,847−$81,386
Part VI · Governance 2 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $225,246 across 4 lines filed
VIII-1f All other contributions, gifts and grants$225,245
VIII-1h Total contributions, gifts and grants$225,245
VIII-3 Investment incomeExcluded from tax $1$1
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1$225,246
Part IX · Statement of functional expenses $306,632 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $126,790 · Management $45,158 · Fundraising $1,737$173,685
IX-9 Other employee benefitsPrograms $898 · Management $320 · Fundraising $11$1,229
IX-10 Payroll taxesPrograms $5,605 · Management $1,996 · Fundraising $77$7,678
IX-11b Legal feesManagement $7,000$7,000
IX-11c Accounting feesManagement $5,000$5,000
IX-11g Other fees for servicesManagement $22,209$22,209
IX-13 Office expensesPrograms $2,727 · Management $1,130 · Fundraising $39$3,896
IX-16 OccupancyPrograms $6,182 · Management $4,018 · Fundraising $103$10,303
IX-19 Conferences, conventions and meetingsPrograms $325$325
IX-22 Depreciation, depletion and amortizationPrograms $2,699 · Management $1,117 · Fundraising $39$3,855
IX-24 Other expenses (24a–d)Programs $62,210 · Management $3,157 · Fundraising $109$65,476
IX-24e All other expensesPrograms $3,174 · Management $2,753 · Fundraising $49$5,976
IX-25 Total functional expensesPrograms $210,610 · Management $93,858 · Fundraising $2,164$306,632
Part X · Balance sheet $166,320 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $211,775$154,075
X-9 Prepaid expenses and deferred chargesStart of year $1,600$1,600
X-10c Land, buildings and equipment, netStart of year $13,200$9,345
X-15 Other assetsStart of year $1,300$1,300
X-16 Total assetsStart of year $280,909$166,320
X-17 Accounts payable and accrued expensesStart of year $21,782$23,221
X-19 Deferred revenueStart of year $89,198$54,556
X-26 Total liabilitiesStart of year $110,980$77,777
X-27 Net assets without donor restrictionsStart of year $169,929$88,543
X-32 Total net assets or fund balancesStart of year $169,929$88,543
X-33 Total liabilities and net assetsStart of year $280,909$166,320
Part XI · Reconciliation of net assets $88,543 net assets at year end
XI-1 Total revenue$225,246
XI-2 Total expenses$306,632
XI-3 Revenue less expenses−$81,386
XI-4 Net assets at start of year$169,929
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$88,543

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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