Civic Intelligence

Pharmaceutical Supply Chain Initiative Co Faegre Drinker Biddle & Reath LLP

990 • Fiscal year 2015 • EIN 90-1069596

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 28, 2016

Organization ProfileWWW.PSCINIATIVE.ORG
1 Logan Square No 2000Philadelphia, PA 19103-6996

(202) 230-5169

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.39x

Higher debt load relative to assets than 88% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

77th percentile

0.09x

Higher debt load relative to revenue than 77% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

57th percentile

5.1%

Higher net margin than 57% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

6th percentile

-45%

Faster asset growth than 6% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

36th percentile

-4.9%

Faster revenue growth than 36% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$103,364

Down $83,764 (-45%) from 2014

Net Assets

Up

$63,197

Up $22,231 (+54%) from 2014

Liabilities

Down

$40,167

Down $105,995 (-73%) from 2014

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin57th percentile

Revenue

Down

$437,500

Down $22,500 (-4.9%) from 2014

Expenses

Down

$415,269

Down $3,765 (-0.9%) from 2014

Net Income

Down

$22,231

Down $18,735 (-46%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2015

Assets$103,364
Liabilities$40,167
Net Assets$63,197
Open 2015 Filing

Operations Trend

Revenue Growth36th percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$437,500
Expenses$415,269
Net Income$22,231
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 28, 2016
Return Version
2015v2.1
Gross Receipts
$437,500
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.

Establishing formal guidelines to help its suppliers meet pharmaceutical industry expectations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$154,984$102,856▼ $52,128
Prepaid Expenses and Deferred Charges$250$258▲ $8
Accounts Receivable$31,894$250▼ $31,644
Total Assets$187,128$103,364▼ $83,764
Liabilities
Deferred Revenue$125,000$25,000▼ $100,000
Accounts Payable and Accrued Expenses$21,162$15,167▼ $5,995
Total Liabilities$146,162$40,167▼ $105,995
Net Assets / Fund Balance
Unrestricted Net Assets$40,966$63,197▲ $22,231
Total Net Assets Fund Balance$40,966$63,197▲ $22,231
Total Liabilities and Net Assets / Fund Balance$187,128$103,364▼ $83,764
Compensation and Service Providers
Top Officer Pay69th percentile

Board Members and Trustees

NameTitle
Katja SbikowskiChair
Steven I MeszarosVice Chair
Gary WilsonSecretary
Kevin BorudTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Carnstone Partners LLPManagement ServicesDURHAM HOUSE STREET, London, Uk$180,716
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$437,500
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$22,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$415,269
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 Management---$180,716
Fees for Services Other---$148,110
Fees for Services Legal---$28,618
Conferences and Meetings---$24,343
Fees for Services Accounting---$11,748
Travel---$1,850
Insurance---$734
Other Expenses---$297
Office Expenses---$253
Total Functional Expenses$0$0$0$415,269
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Psci is a membership association comprised of major pharmeceutical companies formed to support pharmeceutical suppliers.”

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

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

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

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

Form 990, Part VI, Section B, Line 11

“Psci works with the outside accountant who prepares the 990. The draft is provided to the secretary 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, Section C, Line 19

“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
EIN
90-1069596
Phone
2022305169
Address
1 LOGAN SQUARE NO 2000, PHILADELPHIA, PA 19103-6996

Signing Officer

Name
Steven I Meszaros
Title
President
Phone
2022305169
Signed
2016-06-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven I Meszaros
Formed
2013
Legal Domicile
Pa
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
34

Preparer

Firm
Hertzbach & Company Pa
Address
1803 RESEARCH BOULEVARD SUITE 215, ROCKVILLE, MD 20850
Preparer
Mark Ps Edward
Phone
4103633200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Outside contracted services 148,110.”

Raw XML Appendix281 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/Desc0MEMBERSHIP: PSCI IS A GROUP OF MAJOR PHARMACEUTICAL COMPANIES THAT FORMED TO SUPPORT PHARMACEUTICAL SUPPLIERS TO OPERATE CONSISTENT WITH INDUSTRY EXPECTATIONS ABOUT ETHICS, LABOR, HEALTH AND SAFETY, ENVIRONMENT, AND MANAGEMENT SYSTEMS.AS A FIRST STEP, THE PSCI CREATED THE PHARMACEUTICAL INDUSTRY PRINCIPLES ("THE PRINCIPLES"), FOR RESPONSIBLE SUPPLY CHAIN MANAGEMENT. THESE PRINCIPLES ADDRESS FIVE AREAS OF RESPONSIBLE BUSINESS PRACTICES THROUGHOUT THE PHARMACEUTICAL INDUSTRY SUPPLY CHAIN, WHICH INCLUDE: ETHICS, LABOR, HEALTH AND SAFETY, ENVIRONMENT AND MANAGEMENT SYSTEMS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0437500
IRS990/GroupReturnForAffiliatesInd00
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IRS990/MissionDesc0OUR 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PSCI IS A MEMBERSHIP ASSOCIATION COMPRISED OF MAJOR PHARMECEUTICAL COMPANIES FORMED TO SUPPORT PHARMECEUTICAL SUPPLIERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GENERAL MEMBERSHIP HAS THE RESPONSIBILITY TO ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS HAVE THE RESPONSIBILITY TO VOTE TO AMEND GOVERNANCE DOCUMENTS AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PSCI WORKS WITH THE OUTSIDE ACCOUNTANT WHO PREPARES THE 990. THE DRAFT IS PROVIDED TO THE SECRETARY AND BOARD OF DIRECTORS WHO REVIEW AND RESOLVE ANY OPEN QUESTIONS WITH THE OUTSIDE ACCOUNTANT PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OUTSIDE CONTRACTED SERVICES 148,110.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HERTZBACH & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01803 RESEARCH BOULEVARD SUITE 215
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCKVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020850
ReturnHeader/PreparerPersonGrp/PhoneNum04103633200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK PS EDWARD
ReturnHeader/ReturnTs02016-06-28T08:16:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$103,364
Liabilities
$40,167
Net assets
$63,197
Revenue
$437,500
Expenses
$415,269
Net income
$22,231
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.11$0.56$0.55$1.22$1.47$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.33$0.80$1.93$1.46$0.47
2022Detailed filing. Detailed filing data is available for this year.$0.74$0.43$0.30$1.14$1.14$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.46$0.30$0.97$0.94$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.33$0.28$0.81$1.04$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.36$0.50$0.73$0.69$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.21$0.46$0.65$0.52$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.23$0.33$0.51$0.41$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.17$0.23$0.52$0.35$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.10$0.04$0.06$0.44$0.42$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.19$0.15$0.04$0.46$0.42$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)6 • <$500k nonprofits