Raps Affiliate FY2023 filing

Not tax-deductible

Rockville, MD501(c)(6)Since 2016Community DevelopmentEIN 82-0721560Revenue $816K in FY2023

On file with the IRSraps.org5635 Fishers Lane 400, 20852-1796 · Rockville, MDTax-exempt since Dec 2017

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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.

Mission: Form 990 Part I, line 1

Before you give

FY2023 · 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 6
filings with a surplus
Average surplus $127K a year · 16% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$876K
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$816K
+11% vs prior year
Spent
$679K
Net assets
$856K
By yearFY2020–FY2025
Revenue
$816K
FY2023▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$690K
FY2021$759K
FY2022$736K
FY2023$816K
FY2024$856K
FY2025$1.1M
Expenses
$679K
FY2023▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$273K
FY2021$581K
FY2022$605K
FY2023$679K
FY2024$885K
FY2025$1.1M
Net assets
$856K
FY2023▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.8M
FY2022$719K
FY2023$856K
FY2024$828K
FY2025$1.4M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2017.

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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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

Advance regulatory affairs professionals and their role in healthcare product development and oversight.

Questions for Raps Affiliate

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Provided by the organization

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1 program · in their own filed words · FY2023
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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$816K
Ln 12
Fees for servicesLn 2g$814K
Other incomeLn 4–11$2K
Money outPt IX
$679K
Ln 25
Owns and owesPt X
$856K
net assets · Ln 32
Cash and savingsLn 1–2$140K
Total assetsLn 16$1.7M
LiabilitiesLn 26$876K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$814K
Other incomeLn 4–11$2K
Total revenueLn 12$816K
Assets in detailPt X, end of year
CashLn 1$140K
Cash and savings togetherLn 1–2$140K
Other assetsLn 15$1.6M
Total assetsLn 16$1.7M
LiabilitiesLn 26$876K
Net assetsLn 32$856K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
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 FY23End FY23
Cash and savingsLn 1–2$140K$140K
Total assetsLn 16$1.0M$1.7M
LiabilitiesLn 26$322K$876K
Net assetsLn 32$719K$856K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$210K
Pension plan contributionsLn 8$8K
Other employee benefitsLn 9$16K
Payroll taxesLn 10$15K
Legal feesLn 11b$18K
Other fees for servicesLn 11g$130K
Advertising and promotionLn 12$58K
Office expensesLn 13$784
Information technologyLn 14$3K
OccupancyLn 16$990
TravelLn 17$40K
Conferences, conventions and meetingsLn 19$16K
Other expenses (24a–d)Ln 24$161K
All other expensesLn 24e$1K
Total functional expensesLn 25$679K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.1M−$70K$1.4M 990 PDF
FY2024 $856K$885K−$29K$828K 990 PDF
FY2023 Viewing $816K$679K$136K$856K 990 PDF
FY2022 $736K$605K$131K$719K 990 PDF
FY2021 $759K$581K$179K$1.8M 990 PDF
FY2020 $690K$273K$417K$1.6M 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 FY2023 990 (6 parts)
Part I · Summary $815,549 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $735,505$814,011
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $29$1,538
I-12 Total revenuePrior year $735,534$815,549
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 $172,161$249,569
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $432,467$429,644
I-18 Total expensesPrior year $604,628$679,213
I-19 Revenue less expensesPrior year $130,906$136,336
Part VI · Governance 7 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
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 $815,549 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $814,011$814,011
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,538$1,538
VIII-12 Total revenueRelated to mission $814,011 · Unrelated business $0 · Excluded from tax $1,538$815,549
Part IX · Statement of functional expenses $679,213 across 14 lines filed
IX-7 Other salaries and wages$209,856
IX-8 Pension plan contributions$8,149
IX-9 Other employee benefits$16,443
IX-10 Payroll taxes$15,121
IX-11b Legal fees$18,336
IX-11g Other fees for services$129,706
IX-12 Advertising and promotion$58,080
IX-13 Office expenses$784
IX-14 Information technology$3,029
IX-16 Occupancy$990
IX-17 Travel$40,282
IX-19 Conferences, conventions and meetings$16,027
IX-24 Other expenses (24a–d)$161,380
IX-24e All other expenses$1,030
IX-25 Total functional expenses$679,213
Part X · Balance sheet $1,732,102 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $139,586$139,586
X-4 Accounts receivableStart of year $495$1,832
X-15 Other assetsStart of year $901,289$1,590,684
X-16 Total assetsStart of year $1,041,370$1,732,102
X-17 Accounts payable and accrued expensesStart of year $10,837$7,635
X-19 Deferred revenueStart of year $123,464$363,879
X-25 Other liabilitiesStart of year $187,671$504,854
X-26 Total liabilitiesStart of year $321,972$876,368
X-27 Net assets without donor restrictionsStart of year $719,398$855,734
X-32 Total net assets or fund balancesStart of year $719,398$855,734
X-33 Total liabilities and net assetsStart of year $1,041,370$1,732,102
Part XI · Reconciliation of net assets $855,734 net assets at year end
XI-1 Total revenue$815,549
XI-2 Total expenses$679,213
XI-3 Revenue less expenses$136,336
XI-4 Net assets at start of year$719,398
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$855,734

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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