Civic Intelligence

Regulatory Affairs Professionals Society

EIN 52-1139030 • 501(c)3 • Rockville, MD

Profile

RAPS serves the regulatory profession by providing educational programs, products, and services to meet their professional development needs. RAPS promotes the regulatory profession by bringing visibility to the importance of the profession in the timely delivery of safe and effective regulated healthcare products.

5635 Fishers Lane 400Rockville, MD 20852

https/WWW.RAPS.ORG

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.57x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.45x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

42nd percentile

1.5%

Higher net margin than 42% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$424,481

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

63rd percentile

8.6%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$13,211,795

Up $1,046,656 (+8.6%) from 2023

Liabilities

Up

$7,528,310

Up $329,282 (+4.6%) from 2023

Net Assets

Up

$5,683,485

Up $717,374 (+14%) from 2023

Revenue

Up

$16,579,527

Up $1,593,556 (+11%) from 2023

Expenses

Up

$16,325,222

Up $1,537,060 (+10%) from 2023

Net Income

Up

$254,305

Up $56,496 (+29%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $3,215,467Liabilities 2011: $2,058,607Net Assets 2011: $1,156,8602011Assets 2012: $2,500,334Liabilities 2012: $2,104,722Net Assets 2012: $395,6122012Assets 2013: $3,157,986Liabilities 2013: $1,968,688Net Assets 2013: $1,189,2982013Assets 2014: $3,765,726Liabilities 2014: $2,074,812Net Assets 2014: $1,690,9142014Assets 2015: $3,703,864Liabilities 2015: $2,291,662Net Assets 2015: $1,412,2022015Assets 2016: $3,984,722Liabilities 2016: $2,431,110Net Assets 2016: $1,553,6122016Assets 2017: $4,912,126Liabilities 2017: $2,947,520Net Assets 2017: $1,964,6062017Assets 2018: $6,429,632Liabilities 2018: $4,146,360Net Assets 2018: $2,283,2722018Assets 2019: $8,255,832Liabilities 2019: $4,808,470Net Assets 2019: $3,447,3622019Assets 2020: $9,226,443Liabilities 2020: $4,233,029Net Assets 2020: $4,993,4142020Assets 2021: $10,385,776Liabilities 2021: $4,703,620Net Assets 2021: $5,682,1562021Assets 2022: $11,914,074Liabilities 2022: $7,377,140Net Assets 2022: $4,536,9342022Assets 2023: $12,165,139Liabilities 2023: $7,199,028Net Assets 2023: $4,966,1112023Assets 2024: $13,211,795Liabilities 2024: $7,528,310Net Assets 2024: $5,683,4852024

Highlighted filing

2024

Assets$13,211,795
Liabilities$7,528,310
Net Assets$5,683,485

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $8,159,1332011Expenses 2012: $8,678,1982012Revenue 2013: $9,352,360Expenses 2013: $8,551,896Net Income 2013: $800,4642013Revenue 2014: $9,982,931Expenses 2014: $9,380,088Net Income 2014: $602,8432014Revenue 2015: $9,934,586Expenses 2015: $10,172,496Net Income 2015: -$237,9102015Revenue 2016: $10,455,152Expenses 2016: $10,397,425Net Income 2016: $57,7272016Revenue 2017: $10,313,102Expenses 2017: $9,641,012Net Income 2017: $672,0902017Revenue 2018: $10,623,629Expenses 2018: $10,157,654Net Income 2018: $465,9752018Revenue 2019: $12,098,748Expenses 2019: $11,186,814Net Income 2019: $911,9342019Revenue 2020: $11,018,465Expenses 2020: $10,116,103Net Income 2020: $902,3622020Revenue 2021: $11,265,798Expenses 2021: $10,926,452Net Income 2021: $339,3462021Revenue 2022: $13,364,551Expenses 2022: $13,905,695Net Income 2022: -$541,1442022Revenue 2023: $14,985,971Expenses 2023: $14,788,162Net Income 2023: $197,8092023Revenue 2024: $16,579,527Expenses 2024: $16,325,222Net Income 2024: $254,3052024

Highlighted filing

2024

Revenue$16,579,527
Expenses$16,325,222
Net Income$254,305

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.2$7.53$5.68$16.6$16.3$0.25
2023Detailed filing. Detailed filing data is available for this year.$12.2$7.20$4.97$15.0$14.8$0.20
2022Detailed filing. Detailed filing data is available for this year.$11.9$7.38$4.54$13.4$13.9$0.54
2021Detailed filing. Detailed filing data is available for this year.$10.4$4.70$5.68$11.3$10.9$0.34
2020Detailed filing. Detailed filing data is available for this year.$9.23$4.23$4.99$11.0$10.1$0.90
2019Detailed filing. Detailed filing data is available for this year.$8.26$4.81$3.45$12.1$11.2$0.91
2018Detailed filing. Detailed filing data is available for this year.$6.43$4.15$2.28$10.6$10.2$0.47
2017Detailed filing. Detailed filing data is available for this year.$4.91$2.95$1.96$10.3$9.64$0.67
2016Detailed filing. Detailed filing data is available for this year.$3.98$2.43$1.55$10.5$10.4$0.06
2015Detailed filing. Detailed filing data is available for this year.$3.70$2.29$1.41$9.93$10.2$0.24
2014Detailed filing. Detailed filing data is available for this year.$3.77$2.07$1.69$9.98$9.38$0.60
2013Summary only. Only limited summary data is available for this year.$3.16$1.97$1.19$9.35$8.55$0.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$2.10$0.40$8.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.22$2.06$1.16$8.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$18,066,716
Mission and Program Overview

Mission

Raps serves the regulatory profession by providing educationalprograms, products, and services to meet their needs. Raps promotesthe regulatory profession by bringing visibility to the importance ofthe profession in the delivery of safe healthcare products.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,881,050$5,497,230▲ $616,180
Cash and Non-Interest-Bearing Accounts$3,279,404$4,139,860▲ $860,456
Prepaid Expenses and Deferred Charges$763,203$873,424▲ $110,221
Land, Buildings, and Equipment, Net$745,955$636,236▼ $109,719
Accounts Receivable$329,009$187,345▼ $141,664
Inventories for Sale or Use$85,744$67,468▼ $18,276
Savings and Temporary Cash Investments$37,491$37,491→ $0
Total Assets$12,165,139$13,211,795▲ $1,046,656
Other Assets Total$2,043,283$1,772,741▼ $270,542
Liabilities
Deferred Revenue$2,221,926$2,870,211▲ $648,285
Other Liabilities$3,176,652$2,779,107▼ $397,545
Accounts Payable and Accrued Expenses$1,800,450$1,878,992▲ $78,542
Total Liabilities$7,199,028$7,528,310▲ $329,282
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,966,111$5,683,485▲ $717,374
Total Net Assets Fund Balance$4,966,111$5,683,485▲ $717,374
Total Liabilities and Net Assets / Fund Balance$12,165,139$13,211,795▲ $1,046,656

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$585,761$577,937$1,163,698
Other Land Buildings$0$530,123$530,123
Equipment$50,475$86,416$136,891
Other Assets Org$1,772,741--
Other Securities$5,497,230--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William McMoilExecutive DirectorFT$362,988$61,493$424,481
Brian SavoieSenior Vice PresidentFT$226,808$39,432$266,240
Amy FisherVice PresidentFT$228,346$34,012$262,358
Denise FultonVice PresidentFT$187,246$39,421$226,667
Jennifer NaughtonDirectorFT$142,225$36,755$178,980
Patrick FlynnDirectorFT$125,000$49,426$174,426
Wendy SahliDirectorFT$145,045$18,186$163,231
Patricia YoungAssociate Vice PresidentFT$146,699$16,472$163,171

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Association of Food and Drug OfficialsCollaborate Event Services155 W Market Street 3rd Floor, York, PA 17401, Ca$731,582
Freeman Expositions LtdAudio Visual Services300 East Ocean Boulevard, Long Beach, CA 90802$485,602
SMG Food and Beverage LLCCatering Services2169 Campus Drive, Evanston, IL 60208$469,354
Kellogg School of ManagementEvent & Venue Executive Development Serv1775 Tysons Blvd Suite 1450, McLean, VA 22102$182,900
Impexium CorporationAms-$168,971
Revenue and Support

Revenue Composition

Contributions and Grants
$70
Program Service Revenue
$15,688,630
Investment Income
$315,126
Other Revenue
$575,701
All Other Contributions
$70
Change in Net Assets
$254,305

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,540,686
Revenue Not Reported on Financial Statements
$38,841
Revenue Not Reported on Form 990
$548,613
Total Revenue per Audited Statements
$17,089,299
Total Revenue per Form 990
$16,579,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,672,644
Salaries, Compensation, and Employee Benefits$7,652,578
Total Fundraising Expense$999,801
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,892,357$1,062,299$583,775$5,538,431
Conferences and Meetings$3,391,951$5,720$9,363$3,407,034
Fees for Services Other$967,897$198,492$31,437$1,197,826
Information Technology$472,707$491,972$26,688$991,367
Current Officers, Directors, Trustees, and Key Employees$664,358$187,840$100,882$953,080
Advertising$746,919-$32,049$778,968
Office Expenses$593,817$22,775$3,840$620,432
Travel$413,975$58,060$19,422$491,457
Other Employee Benefits$314,570$121,554$53,980$490,104
Payroll Taxes$313,652$85,602$47,041$446,295
Occupancy$227,540$68,259$34,144$329,943
Pension Plan Contributions$144,202$55,721$24,745$224,668
Depreciation Depletion$102,423$30,727$15,364$148,514
Fees for Services Legal$87,978$18,042$2,857$108,877
Insurance$96,326--$96,326
All Other Expenses$30,588$24,551$4,336$59,475
Fees for Services Accounting$33,502$6,870$1,088$41,460
Fees for Service Investment Mgmnt Fees-$38,841-$38,841
Royalties$30,022$923$102$31,047
Other Expenses$24,210$744$83$25,037
Total Functional Expenses$12,796,587$2,528,834$999,801$16,325,222

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$16,371,925
Total Expenses per Form 990$16,325,222
Expenses per Audited Statements$16,286,381
Expenses Not Reported on Form 990$85,544
Expenses Not Reported on Financial Statements$38,841
International Activity

International Summary

Offices
1
Employees
0
Spending
$1,812,780

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesTraining, Chapters Events0-$1,811,735
North America - Canada and Mexico, but not the United StatesProgram ServicesConferences, Chapters Events, Virtual Events1-$1,045
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$2,779,107
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The organization has two categories of members: - Active Members: Individuals engaged in the regulatory process or in related scientific, clinical, or engineering areas involved in the health product life cycle. - Life Members: Life membership may be offered to individuals who have offered distinguished, long-term service to RAPS and have been continuous members of RAPS for at least twenty (20) years, Life Membership is conferred by unanimous vote of the board of directors.

Form 990, Part VI, Section A, line 7A

Every active and life member of the society shall be entitled to cast one (1) vote on any matter voted on by the membership and/or in any election of an officer or director.

Form 990, Part VI, Section A, line 7B

Every active and life member of the society shall be entitled to cast one (1) vote on any matter voted on by the membership and/or in any election of an officer or director.

Form 990, Part VI, Section B, line 11B

A copy of the audited financial statements is provided to the board of directors and Form 990 is provided to the Chief Operating Officer for review, prior to filing with the IRS.

Form 990, Part VI, Section B, line 12C

The conflict of interest applies to board members, employees, and volunteers. Each board member is required to complete a conflict of interest and to disclose any potential conflict. Individuals are required to disclose any potential conflict. The board of directors will determine the extent of the conflict and proceed according to the RAPS policy guidance. This is reviewed annually.

Form 990, Part VI, Section B, line 15

Legal counsel was involved in data collection and met with executive committee for final compensation package for executive director. The executive director discussed with the executive committee and documented pay for vice presidents. Executive director: RAPS uses comparability data from an independent HR systems provider which compares jobs based upon title, geographic location, size of organization, skill set, and experience level. Comparability analysis was last performed for this position in 2018 and a review and approval was performed by the board executive committee in 2020. RAPS uses comparability data in the year of hire to determine compensation. The comparability date is provided by an independent HR systems provider, which uses job title, geographic location, size of organization, skill set, and experience level in its determination of compensation ranges.

Form 990, Part VI, Section C, line 19

Governing documents, conflict of interest policy, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Regulatory Affairs Professionals Society
EIN
52-1139030
Phone
3017702920
Address
5635 Fishers Lane 400, Rockville, MD 20852

Signing Officer

Name
William McMoil
Title
Executive Director
Phone
3017702920
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William McMoil
Formed
1977
Legal Domicile
Dc
Voting Board Members
13
Independent Board Members
13
Employees
62
Volunteers
433

Preparer

Firm
Aprio Advisory Group LLC
Address
111 Rockville Pike Suite 600, Rockville, MD 20850
Preparer
Stacy Cullen
Phone
3012316200
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

There were no changes to the organization's selection process or oversight process during the year.

Financial Statement Notes

Part X, Line 2:

The Organization evaluates uncertainty in income tax positions taken or expected to be taken on a tax return based on a more likely than not recognition standard. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon ultimate settlement and is recognized in the Organization's consolidated financial statements. As of December 31, 2024 and 2023, there are no accruals for uncertain tax positions. Tax years from 2021 through the current year remain open for examination by federal and state tax authorities.

Part XI, Line 2D - Other Adjustments:

Cost of Goods Sold 85,544.

Part XII, Line 2D - Other Adjustments:

Cost of Goods Sold 85,544.

Raw XML AppendixShowing 400 of 917 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Professional Issues - More than 125 educational programs and courses, providing initial training and advanced learning opportunities for professionals both in-person and online, including the society's annual conference; the professional certification program (Regulatory Affairs Certification - RAC) offering four examinations-covering US, European Union, Canadian and international regulations.
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