Gmdp Academy INC

Tax-deductible

Pomona, NY501(c)(3)EducationEIN 81-3795354Revenue $649K in FY2024

On file with the IRSifappacademy.orgCo Loketch Partners 978 Rt 45, 10970-0000 · Pomona, NYTax-exempt since Jan 2017Publicly supported — 509(a)(2)

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To organize and supervise medical continuing professional development education programs, primarily related to the disciplines of pharmaceutical medicine and its domains.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$114K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
2 of 5
filings with a surplus
Average surplus $19K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$114K
to officers and key staff · 14% of spending
Top officer’s pay higher than 60% of similar orgs
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$500
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 13 voting members
Concern: none of 13 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$649K
-4% vs prior year
Spent
$798K
To programs
91%
Net assets
$360K
By yearFY2020–FY2024
Revenue
$649K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.7M
FY2022$1.0M
FY2023$673K
FY2024$649K
Expenses
$798K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.3M
FY2022$1.3M
FY2023$781K
FY2024$798K
Net assets
$360K
FY2024▼ -29%
Tap a bar for its year
Net assets by fiscal year
FY2020$554K
FY2021$903K
FY2022$620K
FY2023$509K
FY2024$360K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2017.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $725K Management & general 9% · $73K

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

10 people listed on the 990; $114K paid to officers and key staff.

Part VII, Section A · reportable compensation
$67,833Pt VII · Sec A
Program Director
$45,000Pt VII · Sec A
$1,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Pravin Chopra’s $68K as CEO is at the 60th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2021FY2020
Honorio Silva$45,000$45,000$90,000$94,000$65,000
Gustavo Kesselring——$58,000$72,000—
Pravin Chopra$67,833$26,250$41,000——
Domenico Crisuolo—$31,500———
Sandor Kerpel-Fronius—$12,600———
Eddie Power—$9,000———
Sam Salek—$9,000———
Soneil Guptha$1,000————

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.

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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

Organizes and supervises medical education programs, mainly in pharmaceutical medicine.

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Provided by the organization

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1 program · $725K · in their own filed words · FY2024
01

To develop educational programs to enhance the knowledge, expertise and skills of pharmaceutical physicians and biomedical professionals involved in medicine development.

$725Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$649K
Ln 12
Fees for servicesLn 2g$649K
Money outPt IX
$798K
Ln 25
Programscol B$725K
Managementcol C$73K
Owns and owesPt X
$360K
net assets · Ln 32
Cash and savingsLn 1–2$360K
Total assetsLn 16$360K
LiabilitiesLn 26$500
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a13
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$649K
Total revenueLn 12$649K
Assets in detailPt X, end of year
CashLn 1$360K
Cash and savings togetherLn 1–2$360K
Other assetsLn 15$0
Total assetsLn 16$360K
LiabilitiesLn 26$500
Net assetsLn 32$360K
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$545K$360K
Total assetsLn 16$568K$360K
LiabilitiesLn 26$59K$500
Net assetsLn 32$509K$360K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$105K$105K
Other salaries and wagesLn 7$132K$132K
Other fees for servicesLn 11g$154K$81K$73K
Advertising and promotionLn 12$21K$21K
Other expenses (24a–d)Ln 24$386K$386K
Total functional expensesLn 25$798K$725K$73K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $649K$798K−$149K$360K 990 PDF
FY2023 $673K$781K−$108K$509K 990 PDF
FY2022 $1.0M$1.3M−$282K$620K 990 PDF
FY2021 $1.7M$1.3M$348K$903K 990 PDF
FY2020 $1.3M$1.0M$288K$554K 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 $648,960 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $672,700$648,960
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $672,700$648,960
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 $203,258$236,803
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $577,568$561,234
I-18 Total expensesPrior year $780,826$798,037
I-19 Revenue less expensesPrior year −$108,126−$149,077
Part VI · Governance 0 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members0
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 $648,960 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $648,960$648,960
VIII-12 Total revenueRelated to mission $648,960 · Unrelated business $0 · Excluded from tax $0$648,960
Part IX · Statement of functional expenses $798,037 across 5 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $104,720$104,720
IX-7 Other salaries and wagesPrograms $132,083$132,083
IX-11g Other fees for servicesPrograms $81,000 · Management $72,788$153,788
IX-12 Advertising and promotionPrograms $21,371$21,371
IX-24 Other expenses (24a–d)Programs $386,075$386,075
IX-25 Total functional expensesPrograms $725,249 · Management $72,788 · Fundraising $0$798,037
Part X · Balance sheet $360,346 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $545,467$360,346
X-4 Accounts receivableStart of year $9,600$0
X-15 Other assetsStart of year $13,335$0
X-16 Total assetsStart of year $568,402$360,346
X-17 Accounts payable and accrued expensesStart of year $9,675$0
X-25 Other liabilitiesStart of year $49,804$500
X-26 Total liabilitiesStart of year $59,479$500
X-32 Total net assets or fund balancesStart of year $508,923$359,846
X-33 Total liabilities and net assetsStart of year $568,402$360,346
Part XI · Reconciliation of net assets $359,846 net assets at year end
XI-1 Total revenue$648,960
XI-2 Total expenses$798,037
XI-3 Revenue less expenses−$149,077
XI-4 Net assets at start of year$508,923
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$359,846

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

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