Rems Industry Consortium INC

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The Rems Industry Consortium fosters collaboration and innovation to advance patient safety, appropriate access, and best practices in Rems-related drug and biologic risk management.

Run by 40 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2025 · 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 4
filings with a surplus
Average surplus $151K a year · 21% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
11 mo
of spending, in cash
Looks good: 10.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$87K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 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
$869K
-7% vs prior year
Spent
$724K
Net assets
$627K
By yearFY2022–FY2025
Revenue
$869K
FY2025▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2022$398K
FY2023$685K
FY2024$931K
FY2025$869K
Expenses
$724K
FY2025▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2022$381K
FY2023$589K
FY2024$584K
FY2025$724K
Net assets
$627K
FY2025▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2022$38K
FY2023$134K
FY2024$482K
FY2025$627K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2023.

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Chairperson
$0Pt VII · Sec A
Vc(eff 9/25), Treas(til 9/25)
$0Pt VII · Sec A
Treasurer (eff 9/25)
$0Pt VII · Sec A
Secretary, Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Rems Industry Consortium INC 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

Innovating REMS to improve patient safety and medication access.

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Provided by the organization

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1 program · in their own filed words · FY2025
01

The rems industry consortium fosters collaboration and innovation to advance patient safety, appropriate access, and best practices in rems-related drug and biologic risk management. We do this through an annual meeting, networking, working groups, education, rems 101, member forum, member job posting, and newsletter.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$869K
Ln 12
Fees for servicesLn 2g$864K
Investment incomeLn 3$5K
Money outPt IX
$724K
Ln 25
Owns and owesPt X
$627K
net assets · Ln 32
Cash and savingsLn 1–2$642K
Total assetsLn 16$714K
LiabilitiesLn 26$87K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$864K
Investment incomeLn 3$5K
Gains on assetsLn 7$0
Total revenueLn 12$869K
Assets in detailPt X, end of year
CashLn 1$642K
SavingsLn 2$0
Cash and savings togetherLn 1–2$642K
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$714K
LiabilitiesLn 26$87K
Net assetsLn 32$627K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$492K$642K
InvestmentsLn 11–13$0$0
Total assetsLn 16$608K$714K
LiabilitiesLn 26$126K$87K
Net assetsLn 32$482K$627K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$454K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$486
Office expensesLn 13$201
Information technologyLn 14$2K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$8K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$221K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$29K
All other expensesLn 24e$489
Total functional expensesLn 25$724K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $869K$724K$145K$627K 990 PDF
FY2024 $931K$584K$348K$482K 990 PDF
FY2023 $685K$589K$96K$134K 990 PDF
FY2022 $398K$381K$17K$38K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $868,702 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $931,433$863,914
I-10 Investment incomePrior year $0$4,788
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $931,433$868,702
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 $583,860$723,702
I-18 Total expensesPrior year $583,860$723,702
I-19 Revenue less expensesPrior year $347,573$145,000
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $868,702 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $859,505 · Excluded from tax $4,408$863,914
VIII-3 Investment incomeExcluded from tax $4,788$4,788
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $859,505 · Unrelated business $0 · Excluded from tax $9,196$868,702
Part IX · Statement of functional expenses $723,702 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$454,379
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$486
IX-13 Office expenses$201
IX-14 Information technology$2,078
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$8,359
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$220,523
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$8,617
IX-24 Other expenses (24a–d)$28,570
IX-24e All other expenses$489
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$723,702
Part X · Balance sheet $713,906 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $492,028$642,271
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$66,667
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $115,706$4,968
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $607,734$713,906
X-17 Accounts payable and accrued expensesStart of year $431$608
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $125,705$86,700
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $126,136$87,308
X-27 Net assets without donor restrictionsStart of year $481,598$626,598
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $481,598$626,598
X-33 Total liabilities and net assetsStart of year $607,734$713,906
Part XI · Reconciliation of net assets $626,598 net assets at year end
XI-1 Total revenue$868,702
XI-2 Total expenses$723,702
XI-3 Revenue less expenses$145,000
XI-4 Net assets at start of year$481,598
XI-10 Net assets at end of year$626,598

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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