Hda Research Foundation FY2021 filing

Tax-deductible

Washington, DC501(c)(3)EIN 52-1225130Revenue $849K in FY2021

On file with the IRShda.org/foundation1275 Pennsylvania Ave Nw Ste 600, 20004-2444 · Washington, DCTax-exempt since Sep 1981Supporting organization — 509(a)(3)

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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.
47¢ of each $1 spent went to programs.
$234K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$234K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.0 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
$177K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$849K
+11% vs prior year
Spent
$787K
To programs
47%
Net assets
$727K
By yearFY2020–FY2024
Revenue
$849K
FY2021▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$765K
FY2021$849K
FY2022$965K
FY2023$1.2M
FY2024$1.0M
Expenses
$787K
FY2021▼ -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
$727K
FY2021▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$665K
FY2021$727K
FY2022$628K
FY2023$704K
FY2024$811K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

47 cents of each dollar spent went to programs.

Program services 47% · $368K Management & general 40% · $315K Fundraising 13% · $103K

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; $234K paid to officers and key staff.

Part VII, Section A · reportable compensation
EVP, COO
$156,837Pt VII · Sec A
President & CEO
$43,962Pt VII · Sec A
EVP, Secretary/Treasurer
$25,735Pt VII · Sec A
SVP, Communications
$7,040Pt 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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3 programs · $258K · in their own filed words · FY2021
01

Hda Factbook (research Project)

Provides for the annual collection and analysis of industry data. This project includes the publication of the factbook, a comprehensive annual resource publication distributed to the supply chain companies and those with an interest in better understanding the healthcare distribution industry.

$129Kprogram expense
02

Specialty Facts, Figures, & Trends (research Project)

Highlights trends found in the specialty healthcare sector and serves as an industry benchmarking resource for industry participants, financial analysts, academia and others who have an interest in understanding the various aspects of this growing marketplace.

$100Kprogram expense
03

Student Research Partnership

The hda research foundation has partnered with rutgers university business school supply chain management program since 2017. Each fall, a group of graduate studnets collaborate with hda distributor and manufacturer members on top-of-mind industry issues, providing an opportunity to learn about the pharmaceutical supply chain industry.

$29Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$849K
Ln 12
Gifts and grantsLn 1h$537K
Other incomeLn 4–11$161K
Fees for servicesLn 2g$150K
Money outPt IX
$787K
Ln 25
Programscol B$368K
Managementcol C$315K
Fundraisingcol D$103K
Owns and owesPt X
$727K
net assets · Ln 32
Cash and savingsLn 1–2$722K
Total assetsLn 16$904K
LiabilitiesLn 26$177K
PeoplePt VI, VII
18
listed · VII A
PaidVII A4
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$537K
Government grantsLn 1e$14K
Fundraising eventsLn 1c$223K
Fees for servicesLn 2g$150K
Investment incomeLn 3$659
Other incomeLn 4–11$161K
Total revenueLn 12$849K
Assets in detailPt X, end of year
CashLn 1$249K
SavingsLn 2$474K
Cash and savings togetherLn 1–2$722K
InvestmentsLn 11–13$0
Total assetsLn 16$904K
LiabilitiesLn 26$177K
Net assetsLn 32$727K
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 FY21End FY21
Cash and savingsLn 1–2$978K$722K
InvestmentsLn 11–13$21K$0
Total assetsLn 16$1.0M$904K
LiabilitiesLn 26$346K$177K
Net assetsLn 32$665K$727K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$273K$104K$106K$63K
Other salaries and wagesLn 7$150K$57K$58K$35K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$227K$197K$30K
Office expensesLn 13$1K$317$1K
Conferences, conventions and meetingsLn 19$7K$529$1K$5K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$110K$10K$100K
Total functional expensesLn 25$787K$368K$315K$103K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $849K$787K$62K$727K 990 PDF
FY2020 $765K$984K−$218K$665K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $848,541 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $624,943$537,212
I-9 Program service revenuePrior year $138,500$150,000
I-10 Investment incomePrior year $1,942$659
I-11 Other revenuePrior year $0$160,670
I-12 Total revenuePrior year $765,385$848,541
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 $348,731$422,987
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $634,830$363,544
I-18 Total expensesPrior year $983,561$786,531
I-19 Revenue less expensesPrior year −$218,176$62,010
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $848,541 across 8 lines filed
VIII-1c Fundraising events$223,212
VIII-1e Government grants$14,000
VIII-1f All other contributions, gifts and grants$300,000
VIII-1h Total contributions, gifts and grants$537,212
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $150,000$150,000
VIII-3 Investment incomeExcluded from tax $659$659
VIII-8 Net income from fundraising eventsExcluded from tax $160,670$160,670
VIII-12 Total revenueRelated to mission $150,000 · Unrelated business $0 · Excluded from tax $161,329$848,541
Part IX · Statement of functional expenses $786,531 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $103,738 · Management $105,603 · Fundraising $63,464$272,805
IX-7 Other salaries and wagesPrograms $57,109 · Management $58,136 · Fundraising $34,937$150,182
IX-11b Legal feesManagement $5,000$5,000
IX-11c Accounting feesManagement $8,797$8,797
IX-11g Other fees for servicesPrograms $196,564 · Management $30,000$226,564
IX-13 Office expensesPrograms $317 · Management $1,043$1,360
IX-19 Conferences, conventions and meetingsPrograms $529 · Management $1,212 · Fundraising $5,083$6,824
IX-23 InsuranceManagement $4,500$4,500
IX-24 Other expenses (24a–d)Programs $10,000 · Management $100,499$110,499
IX-25 Total functional expensesPrograms $368,257 · Management $314,790 · Fundraising $103,484$786,531
Part X · Balance sheet $904,274 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $308,363$248,810
X-2 Savings and temporary cash investmentsStart of year $669,825$473,688
X-4 Accounts receivableStart of year $0$166,500
X-9 Prepaid expenses and deferred chargesStart of year $11,664$15,276
X-11 Publicly traded securitiesStart of year $21,408$0
X-16 Total assetsStart of year $1,011,260$904,274
X-17 Accounts payable and accrued expenses$34,123
X-19 Deferred revenueStart of year $161,500$22,500
X-25 Other liabilitiesStart of year $184,398$120,279
X-26 Total liabilitiesStart of year $345,898$176,902
X-27 Net assets without donor restrictionsStart of year $161,009$190,131
X-28 Net assets with donor restrictionsStart of year $504,353$537,241
X-32 Total net assets or fund balancesStart of year $665,362$727,372
X-33 Total liabilities and net assetsStart of year $1,011,260$904,274
Part XI · Reconciliation of net assets $727,372 net assets at year end
XI-1 Total revenue$848,541
XI-2 Total expenses$786,531
XI-3 Revenue less expenses$62,010
XI-4 Net assets at start of year$665,362
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$727,372

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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