The foundation's mission is to conduct Research and education that creates knowledge and identifies business practices that improve the efficiency, safety and the integrity of the healthcare supply chain. To provide thought leadership to further enhance the safety and security of the healthcare supply chain through future-focused study and programming.

501(c)(3) charity; gifts are tax-deductible.
40¢ of each $1 spent went to programs.
Run by 13 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $17K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
40%
of spending
Concern: 40% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$246K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $557K in investments, Pt X · Ln 11–13
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$192K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-15% vs prior year
Spent
$912K
To programs
40%
Net assets
$811K
By yearFY2020–FY2024
Revenue
$1.0M
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$765K
FY2021$849K
FY2022$965K
FY2023$1.2M
FY2024$1.0M
Expenses
$912K
FY2024▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$984K
FY2021$787K
FY2022$1.1M
FY2023$1.1M
FY2024$912K
Net assets
$811K
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$665K
FY2021$727K
FY2022$628K
FY2023$704K
FY2024$811K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1981.

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

Where the money goes

40 cents of each dollar spent went to programs.

Program services 40% · $365K Management & general 28% · $255K Fundraising 32% · $292K

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

18 people listed on the 990; $246K paid to officers and key staff.

Part VII, Section A · reportable compensation
EVP, COO
$191,035Pt VII · Sec A
EVP, Treasurer
$30,289Pt VII · Sec A
President & CEO
$24,825Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Perry Fri$191,035$170,957$164,456$156,837—
Perry L Fri————$153,319
John M Gray————$63,083
Chip Davis$24,825$24,080$37,319$43,962$28,547
Ann Bittman$30,289$27,934$28,133$25,735—
Ann W Bittman————$24,982
John Parker—$10,054$19,425$7,040—
Lisa Kanfer————$8,345

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.

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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

Improves healthcare supply chain efficiency, safety, and integrity through research and education.

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Provided by the organization

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1 program · $365K · in their own filed words · FY2024
01

The future of the U.S. Pharmaceutical cold chain (research project): identifies current challenges and opportunities for cold chain management in the U.S. Pharmaceutical supply chain and offers strategies to address the remarkable growth of temperature-sensitive products in the healthcare ecosystem.

$365Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$50K
Grants paid · 1 grant · $18K · 2023–2023
Unitemized GrantFY2023$17,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$707K
Fees for servicesLn 2g$315K
Investment incomeLn 3$20K
Money outPt IX
$912K
Ln 25
Programscol B$365K
Managementcol C$255K
Fundraisingcol D$292K
Owns and owesPt X
$811K
net assets · Ln 32
Cash and savingsLn 1–2$430K
Total assetsLn 16$1.0M
LiabilitiesLn 26$192K
PeoplePt VI, VII
18
listed · VII A
PaidVII A3
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$707K
Fundraising eventsLn 1c$503K
Fees for servicesLn 2g$315K
Investment incomeLn 3$20K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$430K
Cash and savings togetherLn 1–2$430K
InvestmentsLn 11–13$557K
Total assetsLn 16$1.0M
LiabilitiesLn 26$192K
Net assetsLn 32$811K
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$466K$430K
InvestmentsLn 11–13$457K$557K
Total assetsLn 16$970K$1.0M
LiabilitiesLn 26$266K$192K
Net assetsLn 32$704K$811K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$521K$136K$197K$188K
Legal feesLn 11b$270$270
Accounting feesLn 11c$10K$10K
Investment management feesLn 11f$711$711
Other fees for servicesLn 11g$191K$191K
Office expensesLn 13$75K$17K$30K$28K
OccupancyLn 16$34K$9K$13K$12K
TravelLn 17$6K$514$5K
Conferences, conventions and meetingsLn 19$73K$12K$3K$58K
Total functional expensesLn 25$912K$365K$255K$292K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.0M$912K$103K$811K 990 PDF
FY2023 $1.2M$1.1M$67K$704K 990 PDF
FY2022 $965K$1.1M−$100K$628K 990 PDF
FY2021 $849K$787K$62K$727K 990 PDF
FY2020 $765K$984K−$218K$665K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,014,506 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $836,868$707,450
I-9 Program service revenuePrior year $355,000$315,214
I-10 Investment incomePrior year $8,623$20,358
I-11 Other revenuePrior year $0−$28,516
I-12 Total revenuePrior year $1,200,491$1,014,506
I-13 Grants and similar amounts paidPrior year $17,500$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $499,839$521,144
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $616,634$390,615
I-18 Total expensesPrior year $1,133,973$911,759
I-19 Revenue less expensesPrior year $66,518$102,747
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,014,506 across 8 lines filed
VIII-1c Fundraising events$503,164
VIII-1d Related organizations$49,500
VIII-1f All other contributions, gifts and grants$154,786
VIII-1h Total contributions, gifts and grants$707,450
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $315,214$315,214
VIII-3 Investment incomeExcluded from tax $20,358$20,358
VIII-8 Net income from fundraising eventsExcluded from tax −$28,516−$28,516
VIII-12 Total revenueRelated to mission $315,214 · Unrelated business $0 · Excluded from tax −$8,158$1,014,506
Part IX · Statement of functional expenses $911,759 across 9 lines filed
IX-7 Other salaries and wagesPrograms $136,176 · Management $196,763 · Fundraising $188,205$521,144
IX-11b Legal feesManagement $270$270
IX-11c Accounting feesManagement $10,387$10,387
IX-11f Investment management feesManagement $711$711
IX-11g Other fees for servicesPrograms $191,277$191,277
IX-13 Office expensesPrograms $17,157 · Management $29,695 · Fundraising $27,864$74,716
IX-16 OccupancyPrograms $8,974 · Management $12,966 · Fundraising $12,402$34,342
IX-17 TravelManagement $514 · Fundraising $5,268$5,782
IX-19 Conferences, conventions and meetingsPrograms $11,691 · Management $3,493 · Fundraising $57,946$73,130
IX-25 Total functional expensesPrograms $365,275 · Management $254,799 · Fundraising $291,685$911,759
Part X · Balance sheet $1,003,391 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $465,590$430,172
X-3 Pledges and grants receivableStart of year $35,400$0
X-9 Prepaid expenses and deferred chargesStart of year $12,365$16,019
X-11 Publicly traded securitiesStart of year $456,657$557,200
X-16 Total assetsStart of year $970,012$1,003,391
X-17 Accounts payable and accrued expensesStart of year $11,450$0
X-19 Deferred revenueStart of year $65,250$145,000
X-25 Other liabilitiesStart of year $189,668$47,208
X-26 Total liabilitiesStart of year $266,368$192,208
X-27 Net assets without donor restrictionsStart of year $114,138$259,494
X-28 Net assets with donor restrictionsStart of year $589,506$551,689
X-32 Total net assets or fund balancesStart of year $703,644$811,183
X-33 Total liabilities and net assetsStart of year $970,012$1,003,391
Part XI · Reconciliation of net assets $811,183 net assets at year end
XI-1 Total revenue$1,014,506
XI-2 Total expenses$911,759
XI-3 Revenue less expenses$102,747
XI-4 Net assets at start of year$703,644
XI-5 Net unrealized gains (losses) on investments$4,792
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$811,183

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

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