Raps Affiliate EIN 82-0721560 Form 990 (PDF) Claim this org

Raps Affiliate

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Advance regulatory affairs professionals and their role in healthcare product development and oversight. For fiscal year 2025 it reported $1.1M in revenue, $1.1M in expenses, and $1.4M in net assets.Pt I

Founded
2016
Type
Business league / trade association · Community Development
Location
Rockville, MD
Website
www.raps.org
Filings
6 on file (2020–2025)
Revenue
$1.1MFY2025
Expenses
$1.1M
Net assets
$1.4M
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  82-0721560 Business league / trade association Rockville, MD Founded 2016
Form 990 (PDF)
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Size
$100K–1M
What they do
Advance regulatory affairs professionals and their role in healthcare product development and oversight.
Leadership
William J McMoil · Executive Director
Money in and out
$1.1M revenue, $1.1M expenses
Bottom line
-7% operating surplus
Membership & operating revenue · FY2025
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$70K
Operating surplus
-7%
revenue over expenses▼ -94% vs prior filing year
Earned revenue
100%
of revenue from program services & dues-0.1% vs prior filing year
Payroll share
24%
of spending is salaries & benefits▼ -20% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.1M
FY2025▲ +24%
Expenses
$1.1M
FY2025▲ +28%
Total assets
$7.4M
FY2025▲ +84%
Total liabilities
$5.9M
FY2025▲ +87%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$70K
Total assetsPt X · Ln 16$7.4M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRaps Affiliate
EINHdr · item D82-0721560
Principal addressHdr · item CRockville, MD
WebsiteHdr · item Jwww.raps.org
Year of formationHdr · item L2016
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFDec 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2025.
01

To promote the advancement of the regulatory affairs profession and the profession's role in the development, review, registration, and monitoring of health care products; To identify a body of knowledge and skills necessary to the practice of the regulatory affairs profession at early career stages; To recognize individuals who have…

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue100%$1.1M
Other revenue$5K
Total revenueLn 12$1.1M

Balance Sheet

Part X · end of year
CashLn 1$9K
Total assetsLn 16$7.4M
Total liabilitiesLn 26$5.9M
Total net assetsLn 32$1.4M
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9K · Operating expenses/yr $1.1M
0.1 months
Where the money goes
Program services
Program services — · Total expenses $1.1M
Management & General
Management & general — · Total expenses $1.1M
Fundraising
Fundraising — · Total expenses $1.1M
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $1.1M
0%
Government reliance
Government grants — · Total revenue $1.1M
Earned-income share
Program service revenue $1.1M · Total revenue $1.1M
100%
Investment reliance
Investment income $0 · Total revenue $1.1M
0%
Program self-sufficiency
Program service revenue $1.1M · Total expenses $1.1M
93%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $856K
+24%
Revenue CAGR
FY2020 $690K · FY2025 $1.1M
+9%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $1.1M
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $7.4M
Net-asset ratio
Net assets $1.4M · Total assets $7.4M
19%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $7.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual William J McMoil · Reported title Executive Director · Highest reported compensation $0 · Total expenses $1.1M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $275K · Total expenses $1.1M
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 24%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.1M revenue · viewing · ⤓ 990 PDF
FY2024$856K revenue · ⤓ 990 PDF
FY2023$816K revenue · ⤓ 990 PDF
FY2022$736K revenue · ⤓ 990 PDF
FY2021$759K revenue · ⤓ 990 PDF
FY2020$690K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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