Civic Intelligence

Pharmaceutical Supply Chain Initiative Co Faegre Drinker Biddle & Reath LLP

EIN 90-1069596 • 501(c)6 • Philadelphia, PA

Profile

Our mission is to establish industry guidelines about ethics, labor, health & safety, the environment and management systems and support suppliers to build capacity to operate in a manner consistent with those expectations. Our vision is to create better social, economic, health, safety and environmental outcomes for all those involved in the pharmaceutical supply chain. This includes: fair and safe work conditions and practices, responsible business practices, and environmental sustainability and effective use of resources.

1 Logan Square No 2000Philadelphia, PA 19103-6996

www.psciniative.org

Siviq Scores

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

Liabilities / Assets

85th percentile

0.50x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.46x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

7th percentile

-20%

Higher net margin than 7% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

29th percentile

-1.4%

Faster asset growth than 29% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-37%

Faster revenue growth than 4% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,114,948

Down $15,686 (-1.4%) from 2023

Liabilities

Up

$561,052

Up $234,475 (+72%) from 2023

Net Assets

Down

$553,896

Down $250,161 (-31%) from 2023

Revenue

Down

$1,221,649

Down $708,887 (-37%) from 2023

Expenses

Up

$1,471,810

Up $14,212 (+1.0%) from 2023

Net Income

Down

-$250,161

Down $723,099 (-153%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $187,128Liabilities 2014: $146,162Net Assets 2014: $40,9662014Assets 2015: $103,364Liabilities 2015: $40,167Net Assets 2015: $63,1972015Assets 2016: $402,780Liabilities 2016: $172,008Net Assets 2016: $230,7722016Assets 2017: $565,149Liabilities 2017: $232,326Net Assets 2017: $332,8232017Assets 2018: $670,287Liabilities 2018: $207,493Net Assets 2018: $462,7942018Assets 2019: $861,393Liabilities 2019: $356,529Net Assets 2019: $504,8642019Assets 2020: $606,810Liabilities 2020: $329,568Net Assets 2020: $277,2422020Assets 2021: $763,619Liabilities 2021: $461,432Net Assets 2021: $302,1872021Assets 2022: $739,265Liabilities 2022: $434,710Net Assets 2022: $304,5552022Assets 2023: $1,130,634Liabilities 2023: $326,577Net Assets 2023: $804,0572023Assets 2024: $1,114,948Liabilities 2024: $561,052Net Assets 2024: $553,8962024

Highlighted filing

2024

Assets$1,114,948
Liabilities$561,052
Net Assets$553,896

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2014: $460,000Expenses 2014: $419,034Net Income 2014: $40,9662014Revenue 2015: $437,500Expenses 2015: $415,269Net Income 2015: $22,2312015Revenue 2016: $515,100Expenses 2016: $347,525Net Income 2016: $167,5752016Revenue 2017: $509,375Expenses 2017: $407,324Net Income 2017: $102,0512017Revenue 2018: $647,114Expenses 2018: $517,143Net Income 2018: $129,9712018Revenue 2019: $733,115Expenses 2019: $691,045Net Income 2019: $42,0702019Revenue 2020: $810,889Expenses 2020: $1,038,511Net Income 2020: -$227,6222020Revenue 2021: $969,449Expenses 2021: $944,504Net Income 2021: $24,9452021Revenue 2022: $1,140,722Expenses 2022: $1,138,354Net Income 2022: $2,3682022Revenue 2023: $1,930,536Expenses 2023: $1,457,598Net Income 2023: $472,9382023Revenue 2024: $1,221,649Expenses 2024: $1,471,810Net Income 2024: -$250,1612024

Highlighted filing

2024

Revenue$1,221,649
Expenses$1,471,810
Net Income-$250,161

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 10, 2025
Return Version
2024v5.1
Gross Receipts
$1,221,952
Mission and Program Overview

Mission

Our mission is to provide members with a forum to establish industry principles that guide ethics, labor, health & safety, environmental sustainability, and management systems practices to support continuous improvement of suppliers' capabilities.

To bring together members and their suppliers to define, instill, and drive responsible business practices to advance excellence in safety, environmental, and social outcomes throughout the global pharmaceutical and healthcare value chain.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$752,595$773,237▲ $20,642
Savings and Temporary Cash Investments$220,068$220,090▲ $22
Accounts Receivable$114,692$120,132▲ $5,440
Intangible Assets$27,187$0▼ $27,187
Prepaid Expenses and Deferred Charges$16,092$1,489▼ $14,603
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors-$0-
Total Assets$1,130,634$1,114,948▼ $15,686
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$114,779$414,934▲ $300,155
Accounts Payable and Accrued Expenses$211,798$146,118▼ $65,680
Other Liabilities$0$0→ $0
Total Liabilities$326,577$561,052▲ $234,475
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$804,057$553,896▼ $250,161
Total Net Assets Fund Balance$804,057$553,896▼ $250,161
Total Liabilities and Net Assets / Fund Balance$1,130,634$1,114,948▼ $15,686

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$87,199$87,199
Compensation and Service Providers

Board Members and Trustees

NameTitle
Deirdre O ReillyChair
Ingrid Vande VeldePast Chair
Robert WilliamsVice Chair
Aimee PasquierSecretary
Rincy JosephSecretary
Enric BoschTreasurer
Ranjana GangulyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
SLR Consulting LimitedManagement Services1 Bartholomew Lane, Square, London, Uk$546,488
Carnstone Partners LtdManagement Services3rd Fl Summit House 12 Red Lion, London, Uk$413,817
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,221,930
Investment Income
$-281
Other Revenue
$0
Change in Net Assets
$-250,161

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,471,810
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$667,018
Fees for Services Management---$585,270
Conferences and Meetings---$149,064
Fees for Services Accounting---$54,281
Depreciation Depletion---$39,652
Fees for Services Legal---$29,002
All Other Expenses---$5,873
Advertising---$4,757
Travel---$844
Other Expenses---$100
Total Functional Expenses$0$0$0$1,471,810

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per Form 990$0
International Activity

International Summary

Offices
0
Employees
6
Spending
$1,269,438

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 and Greenland)Program ServicesEdu. Conf/webinars05$1,101,513
South AsiaProgram ServicesEdu. Conf/webinars01$101,526
East Asia and the PacificProgram ServicesEdu. Conf/webinars00$53,272
Central America and the CaribbeanProgram ServicesEdu. Conf/webinars00$13,127
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 4 Significant changes to organizational documents

By-laws have been updated following a membership vote, to extend the positions of board treasurer and board secretary to 3-year positions on the psci board. In addition, associate membership is time limited to 3-years.

Form 990, Part VI, Line 6 Classes of members or stockholders

Psci is a membership association comprised of pharmaceutical and healthcare companies formed to promote responsible supply chain management and better social and environmental outcomes in the communities where they buy.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The general membership has the responsibility to elect the board of directors.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

The members have the responsibility to vote to amend governance documents as needed.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Psci works with the outside accountant who prepares the 990. The draft is provided to the treasurer and board of directors who review and resolve any open questions with the outside accountant prior to filing with the irs.

Form 990, Part VI, Line 19 Required documents available to the public

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Pharmaceutical Supply Chain Initiative co Faegre Drinker Biddle & Reath LLP
EIN
90-1069596
Phone
2022305169
Address
1 Logan Square No 2000, Philadelphia, PA 19103-6996

Signing Officer

Name
Deirdre O Reilly
Title
Chair
Signed
2025-10-10
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Bdo USA
Address
8001 FORSYTH BLVD STE 900, ST LOUIS, MO 63105
Preparer
Kimberly Tortora
Phone
3148891100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2 New program services

The psci introduced a new category of engagement with suppplier companies named the "psci supplier partnership". This is available as a recognition to supplier companies that are engaged in psci programs, sharing audits, and building capability across the psci principle topics of ethics, human rights, health & safety, environment, and governane & management systems. The partnership was launched in july 2024.

Form 990, Part III, Line 4A-4C Description of program services

(Expenses $ including grants of $) THE PSCI INTRODUCED A NEW CATEGORY OF ENGAGEMENT WITH SUPPPLIER COMPANIES NAMED THE "PSCI SUPPLIER PARTNERSHIP". THIS IS AVAILABLE AS A RECOGNITION TO SUPPLIER COMPANIES THAT ARE ENGAGED IN PSCI PROGRAMS, SHARING AUDITS, AND BUILDING CAPABILITY ACROSS THE PSCI PRINCIPLE TOPICS OF ETHICS, HUMAN RIGHTS, HEALTH & SAFETY, ENVIRONMENT, AND GOVERNANE & MANAGEMENT SYSTEMS. THE PARTNERSHIP WAS LAUNCHED IN JULY 2024.

Form 990, Part IX, Line 11G Other Fees

OUTSIDE CONTRACT SERVICES - Total Expense: 667018, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;

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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/OperateHospitalInd0false
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IRS990/OtherExpensesGrp/Desc1BUSINESS REGISTRATION FEES
IRS990/OtherExpensesGrp/Desc2BANK FEES/CURRENCY EXCHANGE
IRS990/OtherExpensesGrp/Desc3TAXES & LICENSES
IRS990/OtherExpensesGrp/TotalAmt0-66536
IRS990/OtherExpensesGrp/TotalAmt11800
IRS990/OtherExpensesGrp/TotalAmt2685
IRS990/OtherExpensesGrp/TotalAmt3100
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IRS990/PartialLiquidationInd0false
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016092
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01489
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Deirdre O Reilly
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1SUPPLIERS PARTNERS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01203263
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt118667
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01203263
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118667
IRS990/ProgSrvcAccomActy2Grp/Desc0ADMINISTERED A SHARED AUDIT PLATFORM AND RESPONSIBLE AUDITING PROTOCOL TO DRIVE EFFICIENCY AND BEST PRACTICE ACROSS THE INDUSTRY.
IRS990/ProgSrvcAccomActy3Grp/Desc0HELD TWO HYBRID MEMBER MEETINGS SHARING INDUSTRY BEST PRACTICE AND ADVANCING STRATEGIC ORGANIZATIONAL AIMS ACROSS A RANGE OF HEALTH & SAFETY, SOCIAL, AND ENVIRONMENTAL TOPICS WITH THE GROWING MEMBERSHIP.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE PSCI INTRODUCED A NEW CATEGORY OF ENGAGEMENT WITH SUPPPLIER COMPANIES NAMED THE "PSCI SUPPLIER PARTNERSHIP". THIS IS AVAILABLE AS A RECOGNITION TO SUPPLIER COMPANIES THAT ARE ENGAGED IN PSCI PROGRAMS, SHARING AUDITS, AND BUILDING CAPABILITY ACROSS THE PSCI PRINCIPLE TOPICS OF ETHICS, HUMAN RIGHTS, HEALTH & SAFETY, ENVIRONMENT, AND GOVERNANE & MANAGEMENT SYSTEMS. THE PARTNERSHIP WAS LAUNCHED IN JULY 2024.
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IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-161
IRS990/PYOtherExpensesAmt01457598
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01930697
IRS990/PYRevenuesLessExpensesAmt0472938
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01457598
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01930536
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-250161
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0220068
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0220090
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt087199
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt087199
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalRevenuePerForm990Amt00
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt11
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01101513
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1101526
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt253272
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt313127
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0EDU. CONF/WEBINARS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1EDU. CONF/WEBINARS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2EDU. CONF/WEBINARS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3EDU. CONF/WEBINARS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Program Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3Program Services
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IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
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IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt06
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt01269438
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SOUTH ASIA-Accrual
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements
IRS990ScheduleF/TotalEmployeeCnt06
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt01269438
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PSCI INTRODUCED A NEW CATEGORY OF ENGAGEMENT WITH SUPPPLIER COMPANIES NAMED THE "PSCI SUPPLIER PARTNERSHIP". THIS IS AVAILABLE AS A RECOGNITION TO SUPPLIER COMPANIES THAT ARE ENGAGED IN PSCI PROGRAMS, SHARING AUDITS, AND BUILDING CAPABILITY ACROSS THE PSCI PRINCIPLE TOPICS OF ETHICS, HUMAN RIGHTS, HEALTH & SAFETY, ENVIRONMENT, AND GOVERNANE & MANAGEMENT SYSTEMS. THE PARTNERSHIP WAS LAUNCHED IN JULY 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1(Expenses $ including grants of $) THE PSCI INTRODUCED A NEW CATEGORY OF ENGAGEMENT WITH SUPPPLIER COMPANIES NAMED THE "PSCI SUPPLIER PARTNERSHIP". THIS IS AVAILABLE AS A RECOGNITION TO SUPPLIER COMPANIES THAT ARE ENGAGED IN PSCI PROGRAMS, SHARING AUDITS, AND BUILDING CAPABILITY ACROSS THE PSCI PRINCIPLE TOPICS OF ETHICS, HUMAN RIGHTS, HEALTH & SAFETY, ENVIRONMENT, AND GOVERNANE & MANAGEMENT SYSTEMS. THE PARTNERSHIP WAS LAUNCHED IN JULY 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BY-LAWS HAVE BEEN UPDATED FOLLOWING A MEMBERSHIP VOTE, TO EXTEND THE POSITIONS OF BOARD TREASURER AND BOARD SECRETARY TO 3-YEAR POSITIONS ON THE PSCI BOARD. IN ADDITION, ASSOCIATE MEMBERSHIP IS TIME LIMITED TO 3-YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PSCI IS A MEMBERSHIP ASSOCIATION COMPRISED OF PHARMACEUTICAL AND HEALTHCARE COMPANIES FORMED TO PROMOTE RESPONSIBLE SUPPLY CHAIN MANAGEMENT AND BETTER SOCIAL AND ENVIRONMENTAL OUTCOMES IN THE COMMUNITIES WHERE THEY BUY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GENERAL MEMBERSHIP HAS THE RESPONSIBILITY TO ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MEMBERS HAVE THE RESPONSIBILITY TO VOTE TO AMEND GOVERNANCE DOCUMENTS AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PSCI WORKS WITH THE OUTSIDE ACCOUNTANT WHO PREPARES THE 990. THE DRAFT IS PROVIDED TO THE TREASURER AND BOARD OF DIRECTORS WHO REVIEW AND RESOLVE ANY OPEN QUESTIONS WITH THE OUTSIDE ACCOUNTANT PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OUTSIDE CONTRACT SERVICES - Total Expense: 667018, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2 New program services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 4a-4c Description of program services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 4 Significant changes to organizational documents
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 6 Classes of members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 11g Other Fees
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt01114948
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IRS990/TotalFunctionalExpensesGrp/TotalAmt01471810
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0326577
IRS990/TotalLiabilitiesEOYAmt0561052
IRS990/TotalLiabilitiesGrp/BOYAmt0326577
IRS990/TotalLiabilitiesGrp/EOYAmt0561052
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0553896
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IRS990/TotalRevenueGrp/ExclusionAmt0-281
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01221930
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01221649
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
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IRS990/UponRequestInd0X

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