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Pharmaceutical Management Science Association

Not tax-deductible

Frankfort, KY501(c)(6)Since 1977Community DevelopmentEIN 52-1589882Revenue $1.5M in FY2024

On file with the IRSpmsa.org1024 Capital Center Dr Ste 205, 40601-7500 · Frankfort, KYTax-exempt since May 2020

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The Pharmaceutical Management Science Association (pmsa) is dedicated to raising awareness and promoting the use of Management Science in the Pharmaceutical industry. To accomplish this mission, pmsa works to:

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 4
filings with a surplus
Average surplus $170K a year · 18% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 16.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$87K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+4% vs prior year
Spent
$1.2M
To programs
100%
Net assets
$1.6M
By yearFY2021–FY2024
Revenue
$1.5M
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$67K
FY2022$701K
FY2023$1.6M
FY2024$1.5M
FY2024$1.5M
Expenses
$1.2M
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2021$221K
FY2022$592K
FY2023$1.2M
FY2024$1.1M
FY2024$1.2M
Net assets
$1.6M
FY2024▲ +31%
Tap a bar for its year
Net assets by fiscal year
FY2021$394K
FY2022$504K
FY2023$913K
FY2024$1.2M
FY2024$1.6M

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

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Is it real?

Yes. Exemption reinstated (2016-11-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in May 2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.2M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
Shirley Ying
Vice President
$0Pt VII · Sec A
Nuray Yurt
President
$0Pt VII · Sec A
Nathan Wang
Treasurer / Secretary
$0Pt VII · Sec A
Vishal Chaudhary
Executive Advisory Council
$0Pt VII · Sec A
Jing Jin
Prof. Development Chair
$0Pt VII · Sec A
Mehul Shah
Digital Engagement Chair
$0Pt VII · Sec A
Aditya Arabolu
Program Committee Chair
$0Pt VII · Sec A
Tatiana Sorokina
Global Summit Chair
$0Pt VII · Sec A
See Pharmaceutical Management Science Association executive salaries →

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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

Promote management science use in the pharmaceutical industry.

Questions for Pharmaceutical Management Science Association

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2024
01

Pmsa hosts an anuual conference, symposium, and other educational events throughout the year, that bring together analytics professionals in the PHARMACEUTICAL/BIOTECH industry to learn and discuss innovative analytical methods, emerging data sources, and best practices in application in order to help member companies make data driven…

$1.2Mprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$7K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.2M
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$1.7M
LiabilitiesLn 26$87K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$7K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$987K
SavingsLn 2$561K
Cash and savings togetherLn 1–2$1.5M
Total assetsLn 16$1.7M
LiabilitiesLn 26$87K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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$1.4M$1.5M
Total assetsLn 16$1.5M$1.7M
LiabilitiesLn 26$331K$87K
Net assetsLn 32$1.2M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$255K
Legal feesLn 11b$155
Accounting feesLn 11c$1K
Advertising and promotionLn 12$4K
Office expensesLn 13$131
Information technologyLn 14$12K
TravelLn 17$72K
Conferences, conventions and meetingsLn 19$71K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$702K
All other expensesLn 24e$32K
Total functional expensesLn 25$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.5M$1.1M$325K$1.2M 990 PDF
FY2023 $1.6M$1.2M$400K$913K 990 PDF
FY2022 $701K$592K$109K$504K 990 PDF
FY2021 $67K$221K−$154K$394K 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 FY2024 990 (6 parts)
Part I · Summary $1,526,923 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,463,413$1,520,107
I-10 Investment incomePrior year $0$6,816
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,463,413$1,526,923
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,138,394$1,154,160
I-18 Total expensesPrior year $1,138,394$1,154,160
I-19 Revenue less expensesPrior year $325,019$372,763
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $1,526,923 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,520,107$1,520,107
VIII-3 Investment incomeRelated to mission $6,816$6,816
VIII-12 Total revenueRelated to mission $1,526,923 · Unrelated business $0 · Excluded from tax $0$1,526,923
Part IX · Statement of functional expenses $1,154,160 across 11 lines filed
IX-11a Management fees$255,000
IX-11b Legal fees$155
IX-11c Accounting fees$1,000
IX-12 Advertising and promotion$3,899
IX-13 Office expenses$131
IX-14 Information technology$11,679
IX-17 Travel$72,283
IX-19 Conferences, conventions and meetings$71,024
IX-23 Insurance$4,888
IX-24 Other expenses (24a–d)$701,798
IX-24e All other expenses$32,303
IX-25 Total functional expenses$1,154,160
Part X · Balance sheet $1,677,431 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,420,890$987,126
X-2 Savings and temporary cash investments$561,189
X-9 Prepaid expenses and deferred chargesStart of year $118,454$129,116
X-16 Total assetsStart of year $1,544,344$1,677,431
X-17 Accounts payable and accrued expensesStart of year $326,708$82,659
X-19 Deferred revenueStart of year $4,281$4,281
X-26 Total liabilitiesStart of year $330,989$86,940
X-27 Net assets without donor restrictionsStart of year $1,213,355$1,590,491
X-32 Total net assets or fund balancesStart of year $1,213,355$1,590,491
X-33 Total liabilities and net assetsStart of year $1,544,344$1,677,431
Part XI · Reconciliation of net assets $1,590,491 net assets at year end
XI-1 Total revenue$1,526,923
XI-2 Total expenses$1,154,160
XI-3 Revenue less expenses$372,763
XI-4 Net assets at start of year$1,213,355
XI-5 Net unrealized gains (losses) on investments$4,373
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,590,491

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

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