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Pharmaceutical Management Science Association FY2021 filing

Not tax-deductible

Frankfort, KY501(c)(6)Since 1977Community Development EIN 52-1589882Revenue $67K in FY2021Latest return filed May 15, 2026

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:

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $211K a year · 20% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
23 mo
of spending, in cash
Looks good: 23.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$40K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$67K
Spent
$221K
Net assets
$394K
By yearFY2021–FY2025
Revenue
$67K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$67K
FY2022$701K
FY2023$1.6M
FY2024$1.5M
FY2025$1.5M
Expenses
$221K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$221K
FY2022$592K
FY2023$1.2M
FY2024$1.1M
FY2025$1.2M
Net assets
$394K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$394K
FY2022$504K
FY2023$913K
FY2024$1.2M
FY2025$1.6M

From the FY2021 Form 990 (year ending June 2021) · 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 (FY2025) →

Is it real?

Yes. Exemption reinstated (2016-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in May 2020.

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Igor Rudychev
Vice President
$0Pt VII · Sec A
Nuray Yurt
Treasurer/Secretary
$0Pt VII · Sec A
Scott Hull
Director
$0Pt VII · Sec A
Haibei Jiang
Director
$0Pt VII · Sec A
Mehul Shah
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Pharmaceutical Management Science Association 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

Promote management science use in the pharmaceutical industry.

Questions for Pharmaceutical Management Science Association

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1 program · in their own filed words · FY2020
01

Annual Conference

Pmsa hosts an annual conference to bring together analytics professionals in the PHARMACEUTICAL/BIOTECH industry to discuss innovative analytical methods, emerging data sources, best practices in application to help our companies make data driven, strategic decisions.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$67K
Ln 12
Fees for servicesLn 2g$67K
Investment incomeLn 3$243
Money outPt IX
$221K
Ln 25
Owns and owesPt X
$394K
net assets · Ln 32
Cash and savingsLn 1–2$426K
Total assetsLn 16$434K
LiabilitiesLn 26$40K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$67K
Investment incomeLn 3$243
Total revenueLn 12$67K
Assets in detailPt X, end of year
CashLn 1$426K
Cash and savings togetherLn 1–2$426K
Total assetsLn 16$434K
LiabilitiesLn 26$40K
Net assetsLn 32$394K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$297K$426K
Total assetsLn 16$556K$434K
LiabilitiesLn 26$0$40K
Net assetsLn 32$556K$394K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$136K
Legal feesLn 11b$647
Accounting feesLn 11c$739
Other fees for servicesLn 11g$1K
Advertising and promotionLn 12$3K
Office expensesLn 13$2K
Information technologyLn 14$42K
TravelLn 17$15K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$4K
All other expensesLn 24e$15K
Total functional expensesLn 25$221K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $1.5M$1.2M$373K$1.6M 990 PDF
FY2024Filed with the IRS Feb 6, 2025 $1.5M$1.1M$325K$1.2M 990 PDF
FY2023Filed with the IRS Nov 15, 2023 $1.6M$1.2M$400K$913K 990 PDF
FY2022Filed with the IRS Feb 17, 2023 $701K$592K$109K$504K 990 PDF
FY2021 ViewingFiled with the IRS Apr 6, 2022 $67K$221K−$154K$394K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $67,395 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $493,520$67,152
I-10 Investment incomePrior year $0$243
I-11 Other revenuePrior year $532$0
I-12 Total revenuePrior year $494,052$67,395
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 $414,237$221,327
I-18 Total expensesPrior year $414,237$221,327
I-19 Revenue less expensesPrior year $79,815−$153,932
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $67,395 across 3 lines filed
Lines not itemized here account for $3,637 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $63,515$63,515
VIII-3 Investment incomeExcluded from tax $243$243
VIII-12 Total revenueRelated to mission $67,152 · Unrelated business $0 · Excluded from tax $243$67,395
Part IX · Statement of functional expenses $221,327 across 11 lines filed
IX-11a Management fees$136,058
IX-11b Legal fees$647
IX-11c Accounting fees$739
IX-11g Other fees for services$1,189
IX-12 Advertising and promotion$2,578
IX-13 Office expenses$1,813
IX-14 Information technology$42,209
IX-17 Travel$15,105
IX-23 Insurance$2,010
IX-24 Other expenses (24a–d)$3,993
IX-24e All other expenses$14,986
IX-25 Total functional expenses$221,327
Part X · Balance sheet $434,485 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $296,962$426,485
X-4 Accounts receivable$8,000
X-16 Total assetsStart of year $556,275$434,485
X-17 Accounts payable and accrued expenses$32,925
X-19 Deferred revenue$7,100
X-26 Total liabilitiesStart of year $0$40,025
X-27 Net assets without donor restrictionsStart of year $556,275$394,460
X-32 Total net assets or fund balancesStart of year $556,275$394,460
X-33 Total liabilities and net assetsStart of year $556,275$434,485
Part XI · Reconciliation of net assets $394,460 net assets at year end
XI-1 Total revenue$67,395
XI-2 Total expenses$221,327
XI-3 Revenue less expenses−$153,932
XI-4 Net assets at start of year$556,275
XI-8 Prior period adjustments−$7,883
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$394,460

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

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