Civic Intelligence

The Ispe Foundation Inc

EIN 61-1856137 • 501(c)3 • Tampa, FL

Profile

The ispe foundation provides grants and scholarships to a diverse group of candidates in support of the future of the industry through education, training and awards programs.

3001 N Rocky Point Dr East 200Tampa, FL 33607

ispefoundation.org

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

57th percentile

6.2%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2024

Revenue Growth

70th percentile

22%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2024

Assets

Down

$500,564

Down $39,428 (-7.3%) from 2023

Liabilities

Down

$0

Down $178,981 (-100%) from 2023

Net Assets

Up

$500,564

Up $139,553 (+39%) from 2023

Revenue

Up

$656,011

Up $37,932 (+6.1%) from 2023

Expenses

Down

$516,458

Down $187,601 (-27%) from 2023

Net Income

Up

$139,553

Up $225,533 (+262%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2018: $194,426Liabilities 2018: $84,523Net Assets 2018: $109,9032018Assets 2019: $271,577Liabilities 2019: $119,792Net Assets 2019: $151,7852019Assets 2020: $292,307Liabilities 2020: $11,258Net Assets 2020: $281,0492020Assets 2021: $417,396Liabilities 2021: $73,565Net Assets 2021: $343,8312021Assets 2022: $521,590Liabilities 2022: $213,988Net Assets 2022: $307,6022022Assets 2023: $539,992Liabilities 2023: $178,981Net Assets 2023: $361,0112023Assets 2024: $500,564Liabilities 2024: $0Net Assets 2024: $500,5642024

Highlighted filing

2024

Assets$500,564
Liabilities$0
Net Assets$500,564

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2018: $136,639Expenses 2018: $45,362Net Income 2018: $91,2772018Revenue 2019: $85,113Expenses 2019: $43,231Net Income 2019: $41,8822019Revenue 2020: $222,934Expenses 2020: $93,670Net Income 2020: $129,2642020Revenue 2021: $357,461Expenses 2021: $294,679Net Income 2021: $62,7822021Revenue 2022: $331,152Expenses 2022: $367,381Net Income 2022: -$36,2292022Revenue 2023: $618,079Expenses 2023: $704,059Net Income 2023: -$85,9802023Revenue 2024: $656,011Expenses 2024: $516,458Net Income 2024: $139,5532024

Highlighted filing

2024

Revenue$656,011
Expenses$516,458
Net Income$139,553

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 30, 2025
Return Version
2024v5.2
Gross Receipts
$695,290
Mission and Program Overview

Mission

A) provide a forum to identify and discuss major issues and problems that effect the pharmaceutical and related health care technology industry. B) raise funds for the research and development of practical applications for the advancement of health care technology worldwide. C) provide a channel for chapters and affiliates to provide scholarship money for students choosing the pharmaceutical engineering field. Whatever acivities or projects are funded will enhance the entire industry, which will benefit the members of ispe.

Fueling global health equity by fostering access to knowledge and nurturing diverse talent.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$447,580$386,196▼ $61,384
Land, Buildings, and Equipment, Net$0$63,195▲ $63,195
Accounts Receivable$624$50,267▲ $49,643
Prepaid Expenses and Deferred Charges$788$906▲ $118
Total Assets$539,992$500,564▼ $39,428
Other Assets Total$91,000$0▼ $91,000
Liabilities
Other Liabilities$178,981$0▼ $178,981
Total Liabilities$178,981$0▼ $178,981
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$231,049$323,879▲ $92,830
Net Assets With Donor Restrictions$129,962$176,685▲ $46,723
Total Net Assets Fund Balance$361,011$500,564▲ $139,553
Total Liabilities and Net Assets / Fund Balance$539,992$500,564▼ $39,428

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$63,195$27,805$91,000
Equipment$0$22,438$22,438
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Tori JohnsonDirector, Development & Foundation OperationsFT$179,613$179,613
Michael RutherfordInterim CEO-$100,000$100,000

Board Members and Trustees

NameTitle
James C StephanouChair (incoming 2024)
Antonio R MoreiraChair (outgoing 2024)
Thomas HartmanPresident & CEO (outgoing 2024)
James a Breen JrVice Chair
Nasir EgalDirector
Norm GoldschmidtDirector
Tim WatsonDirector
James GrunwaldDirector (incoming 2024)
John NobleDirector (incoming 2024)
Shanshan LiuDirector (incoming 2024)
Vivianne ArencibiaDirector (incoming 2024)
Alice Redmond PhdDirector (outgoing 2024)
Hirofumi SuzukiDirector (outgoing 2024)
Scott BillmanDirector (outgoing 2024)
Teresa MineroDirector (outgoing 2024)
Tori JohnsonDirector, Development & Foundation O
Mark HernickChief Financial & Operating Officer
Christopher J ReidSecretary
Ylva EkTreasurer (incoming 2024)
Jeff BiskupTreasurer (outgoing 2024)
Revenue and Support

Revenue Composition

Contributions and Grants
$635,834
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$20,177
All Other Contributions
$155,049
Change in Net Assets
$139,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Total Fundraising Expense$347,827
Salaries, Compensation, and Employee Benefits$325,987
Other Expenses$146,082
Grants and Similar Amounts Paid$44,389
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$42,186$10,546$221,397$274,129
Grants to Domestic Individuals$43,521--$43,521
Payments to Affiliates$35,600--$35,600
Advertising$6,950-$27,951$34,901
Office Expenses$3,600$2,298$13,655$19,553
Payroll Taxes$3,370$842$14,255$18,467
Pension Plan Contributions$3,139$785$13,253$17,177
Other Employee Benefits--$16,214$16,214
Travel$2,851-$11,404$14,255
Depreciation Depletion$1,961$489$7,355$9,805
Fees for Services Other$22-$6,816$6,838
Other Expenses$6,648-$7,877$6,648
All Other Expenses--$4,026$4,026
Information Technology$471$118$1,767$2,356
Insurance$317$80$1,189$1,586
Grants to Domestic Orgs$868--$868
Conferences and Meetings--$668$668
Total Functional Expenses$153,473$15,158$347,827$516,458
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$59,456
Fundraising Direct Expenses$39,279
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$114,210$59,456$14,242$45,214
Total Events$114,210$59,456$39,279$20,177
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The international society of pharmaceutical engineering (a related entity) is the sole member of the foundation.

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

The board of directors of the international society of pharmaceutical engineering appoints the board of directors of the foundation.

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

A public accounting firm was hired to prepare and analyze form 990. The ispe ceo and cfo review the return and the return is shared with the finance and audit committee prior to filing.

Form 990, Part VI, Section C, Line 19

All governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Ispe Foundation Inc
EIN
61-1856137
Phone
8139602105
Address
3001 N ROCKY POINT DR EAST 200, TAMPA, FL 33607

Signing Officer

Name
Mark Hernick
Title
Chief Financial & Operating Officer
Phone
8139602105
Signed
2025-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Hernick
Formed
2017
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
17

Preparer

Firm
Johnson Lambert Llp
Address
4242 SIX FORKS ROAD SUITE 1500, RALEIGH, NC 27609
Preparer
J Calvin Marks
Phone
9197196400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Ispe has concluded there are no uncertain tax positions as of december 31, 2024 and 2023.

Raw XML AppendixShowing 400 of 636 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/Desc0THE ISPE FOUNDATION PROVIDES GRANTS AND SCHOLARSHIPS TO A DIVERSE GROUP OF CANDIDATES IN SUPPORT OF THE FUTURE OF THE INDUSTRY THROUGH EDUCATION, TRAINING AND AWARDS PROGRAMS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO (OUTGOING 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF FINANCIAL & OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR, DEVELOPMENT & FOUNDATION OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt3INTERIM CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR (INCOMING 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR (OUTGOING 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER (INCOMING 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER (OUTGOING 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR (INCOMING 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR (OUTGOING 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR (INCOMING 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR (INCOMING 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR (OUTGOING 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR (INCOMING 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR (OUTGOING 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR (OUTGOING 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt054754
IRS990/FundraisingDirectExpensesAmt039279
IRS990/FundraisingGrossIncomeAmt059456
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt044389
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt043521
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt043521
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0868
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0868
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0695290
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01767
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0118
IRS990/InformationTechnologyGrp/ProgramServicesAmt0471
IRS990/InformationTechnologyGrp/TotalAmt02356
IRS990/InsuranceGrp/FundraisingAmt01189
IRS990/InsuranceGrp/ManagementAndGeneralAmt080
IRS990/InsuranceGrp/ProgramServicesAmt0317
IRS990/InsuranceGrp/TotalAmt01586
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt050243
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt063195
IRS990/LandBldgEquipCostOrOtherBssAmt0113438
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FUELING GLOBAL HEALTH EQUITY BY FOSTERING ACCESS TO KNOWLEDGE AND NURTURING DIVERSE TALENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0361011
IRS990/NetAssetsOrFundBalancesEOYAmt0500564
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt020177
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt020177
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0231049
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0323879
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt013655
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02298
IRS990/OfficeExpensesGrp/ProgramServicesAmt03600
IRS990/OfficeExpensesGrp/TotalAmt019553
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt091000
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt016214
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016214
IRS990/OtherExpensesGrp/Desc0SITE COSTS
IRS990/OtherExpensesGrp/Desc1WOMEN IN PHARMA
IRS990/OtherExpensesGrp/FundraisingAmt07877
IRS990/OtherExpensesGrp/ProgramServicesAmt01969
IRS990/OtherExpensesGrp/ProgramServicesAmt16648
IRS990/OtherExpensesGrp/TotalAmt09846
IRS990/OtherExpensesGrp/TotalAmt16648
IRS990/OtherLiabilitiesGrp/BOYAmt0178981
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0221397
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010546
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt042186
IRS990/OtherSalariesAndWagesGrp/TotalAmt0274129
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt035600
IRS990/PaymentsToAffiliatesGrp/TotalAmt035600
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt014255
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0842
IRS990/PayrollTaxesGrp/ProgramServicesAmt03370
IRS990/PayrollTaxesGrp/TotalAmt018467
IRS990/PensionPlanContributionsGrp/FundraisingAmt013253
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0785
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03139
IRS990/PensionPlanContributionsGrp/TotalAmt017177
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0788
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0906
IRS990/PrincipalOfficerNm0MARK HERNICK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0593654
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt026431
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0328586
IRS990/PYOtherRevenueAmt024425
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-85980
IRS990/PYSalariesCompEmpBnftPaidAmt0349042
IRS990/PYTotalExpensesAmt0704059
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0618079
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0139553
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0426031
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0AT YEAR END, THE FOUNDATION COMPLETED A PRO FORMA SCHEDULE A FOR INTERNATIONAL SOCIETY FOR PHARMACEUTICAL ENGINEERING, AND IT PASSED THE PUBLIC SUPPORT TESTS APPLICABLE TO A SECTION 509(A)(2) ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION PROVIDES SUPPORT TO INTERNATIONAL SOCIETY FOR PHARMACEUTICAL ENGINEERING BY FOSTERING PROGRAMS THAT CREATE OPPORTUNITY, DIVERSITY, AND SUCCESS WITHIN THE GLOBAL PHARMACEUTICAL INDUSTRY. THE FOUNDATION DID NOT PROVIDE ANY ASSETS TO INTERNATIONAL SOCIETY FOR PHARMACEUTICAL ENGINEERING.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 3B:

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