Cause IQ organization profile

PhRMA Foundation

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

PhRMA Foundation is a medical practice research organization based in Washington, DC that was founded in 1965. As of 2019 they had $5.1 million in revenue and $21 million in assets.

To support young scientists in disciplines important to the pharmaceutical industry by awarding them competitive research fellowships and grants at a critical decision point at the outset of their careers.

Previous legal names or variations of their name include: Pharmaceutical Research And Manufacturers Of America Fnd.

EIN:
52-6063009
City:
State:
Metro:
Website:
Phone:
202-572-7756
Facebook:
Twitter:
Founded:
1965
Type:
501(c)(3)
NTEE:
Revenue:
$5,190,784
Assets:
$21,895,305
Employees:
2
Fiscal year end:
December
Revenue trends:
Asset trends:

Program areas at PhRMA Foundation

To focus on career development in disciplines important to the pharmaceutical industry, especially to attract bright young talent at a critical point at the beginning of their careers. The result of their career development is new and improved medicines to enhance the quality of life world side while containing the overall cost of healthcare, thus improving and promoting the impact of the research intensive pharmaceutical industry. The foundation granted 89 awards in 2018 to young scientists to encourage the continuation of their careers and technical knowledge with pharmaceutical research.

To provide new online educational series for medical, nursing and pharmacy schools on safe and effective prescribing, featuring instruction from national experts. The safe and effective prescribing initiative features five course modules, which are free and may be accessed from the phrma foundation website. The objective of these recordings is to better prepare future prescribers to consider their patients' best interests, maximize efficacy, and minimize toxicity, addressing topics such as pediatric and geriatric prescribing, special populations, and adverse reactions.

The vaue assessment initiative is a three-part award program aimed at advancing the ongoing shift toward a value-driven health care system through better evidence and value frameworks.despite the emergence of numerous efforts to advance value-driven health care in recent years, the need to develop solutions that reflect patient preferences and real-world clinical practice persists. In addition, many methodological issues remain unsolved. Recognizing these concerns, the phrma foundation aims to encourage the development of innovative, multi-stakeholder-based solutions to current challenges in assessing and measuring value through the value assessment initiative.

Form 990s for PhRMA Foundation

Fiscal year endingDate received by IRSFormPDF link
2018-12Jun 19, 2019990View PDF
2017-12Nov 15, 2018990View PDF
2016-12Sep 27, 2017990View PDF
2015-12Sep 15, 2016990View PDF
2014-12Jul 27, 2015990View PDF
...and five more Form 990 PDFs

Financials for PhRMA Foundation

Field2018
Total grants, contributions, etc.$3,420,500
Program services$75,259
Investment income and dividends$540,583
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,154,442
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,190,784

Vendors for PhRMA Foundation

VendorServicesAmount paidDate
PayPalFundraising software; Payment processing2020-06-16
█████████Content management system software2020-06-16
█████████ ████████Software2019-08-29
████ ███ █████Tax accounting2019-05-29
██████ ████████ ███Strategic Planning and Review$109,9412018-12-01

Personnel at PhRMA Foundation

NameTitleCompensationMost recent data
Andrew PlumpTreasurer and Chief Medical and Scientific Officer of Takeda Pharmaceuticals International$0Dec. 31, 2018
Joanne WestphalDirector$136,849Dec. 31, 2018
██████ ██ ████████Chairman$0July 18, 2019
██████ █████████Chief Financial Officer , Executive Vice President$58,058Dec. 31, 2015

Peer medical discipline research centers

 NameTypeRevenueLocation
1Foundation for Biomedical Research (FBR)501(c)(3)$2.4 millionWashington, DC
2Melanoma Research Alliance (MRA)501(c)(3)$24 millionWashington, DC
3Foundation for Anesthesia Education and Research (FAER)501(c)(3)$3.8 millionSchaumburg, IL
4Griffin Hospital Development Fund501(c)(3)$1.6 millionDerby, CT
5The Myositis Association501(c)(3)$1.7 millionAlexandria, VA
6Oral and Maxillofacial Surgery Foundation501(c)(3)$2.4 millionRosemont, IL
7American Psychiatric Association Foundation (APAF)501(c)(3)$7.8 millionWashington, DC
8Veterans Bio-Medical Research Institute (VBRI)501(c)(3)$2.6 millionEast Orange, NJ
9The Axion Research Foundation501(c)(3)$3.4 millionHamden, CT
10Progeria Research Foundation (PRF)501(c)(3)$2.8 millionPeabody, MA
11Miami Heart Research Institute (MHRI)501(c)(3)$2.1 millionMiami, FL
12FRIEDREICH'S Ataxia Research Alliance (FARA)501(c)(3)$7.6 millionSpringfield, VA
13Military Health Research Foundation501(c)(3)$3.1 millionLaurel, MD
14Macula Vision Research Foundation (MVRF)501(c)(3)$1.3 millionWest Conshohocken, PA
15Chan Zuckerberg Biohub501(c)(3)$9.4 millionSan Francisco, CA
16International FOP Association501(c)(3)$3.7 millionNorth Kansas City, MO
17Citizens United for Research in Epilepsy (CURE)501(c)(3)$7.4 millionChicago, IL
18Alzheimer's Research Fdnfisher Center501(c)(3)$5.2 millionNew York, NY
19Fanconi Anemia Research Fund501(c)(3)$2.7 millionEugene, OR
20Will Rogers Motion Picture Pioneers Foundation501(c)(3)$2.6 millionLos Angeles, CA
21The University of Virginia Medical School Foundation501(c)(3)$4.4 millionCharlottesville, VA
22Hauptman-Woodward Medical Research Institute501(c)(3)$8.0 millionBuffalo, NY
23Blanchette Rockefeller Neurosciences Institute (BRNI)501(c)(3)$2.3 millionMorgantown, WV
24Lumind Research Down Syndrome Foundation501(c)(3)$3.6 millionBurlington, MA
25Cincinnati Sight Restoration Foundation501(c)(3)$2.1 millionCincinnati, OH