Civic Intelligence

Pharmaceutical Supply Chain Initiative Co Faegre Drinker Biddle & Reath LLP

990 • Fiscal year 2017 • EIN 90-1069596

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 25, 2018

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

83rd percentile

0.41x

Higher debt load relative to assets than 83% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

0.46x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

86th percentile

20%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

91st percentile

40%

Faster asset growth than 91% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

36th percentile

-1.1%

Faster revenue growth than 36% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$565,149

Up $162,369 (+40%) from 2016

Net Assets

Up

$332,823

Up $102,051 (+44%) from 2016

Liabilities

Up

$232,326

Up $60,318 (+35%) from 2016

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin86th percentile

Revenue

Down

$509,375

Down $5,725 (-1.1%) from 2016

Expenses

Up

$407,324

Up $59,799 (+17%) from 2016

Net Income

Down

$102,051

Down $65,524 (-39%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2017

Assets$565,149
Liabilities$232,326
Net Assets$332,823
Open 2017 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

2017

Revenue$509,375
Expenses$407,324
Net Income$102,051
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 25, 2018
Return Version
2017v2.3
Gross Receipts
$509,375
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$399,852$564,873▲ $165,021
Prepaid Expenses and Deferred Charges$2,928$276▼ $2,652
Total Assets$402,780$565,149▲ $162,369
Liabilities
Deferred Revenue$127,500$157,834▲ $30,334
Accounts Payable and Accrued Expenses$44,508$74,492▲ $29,984
Total Liabilities$172,008$232,326▲ $60,318
Net Assets / Fund Balance
Unrestricted Net Assets$230,772$332,823▲ $102,051
Total Net Assets Fund Balance$230,772$332,823▲ $102,051
Total Liabilities and Net Assets / Fund Balance$402,780$565,149▲ $162,369
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Julie BrautigamChair
Steven MeszarosPast Chair
Birgit SkuballaVice Chair
Peter EtienneSecretary
Sulaiman HamidiTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Carnstone Partners LLPManagement ServicesDURHAM HOUSE STREET, London, Uk$247,579
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$509,375
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$102,051
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$407,324
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---$247,579
Fees for Services Other---$118,464
Fees for Services Accounting---$24,610
Travel---$7,230
Conferences and Meetings---$4,485
Fees for Services Legal---$2,170
Other Expenses---$1,626
Insurance---$893
Office Expenses---$267
Total Functional Expenses$0$0$0$407,324
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 pharmaceutical and healthcare companies formed to promote responsible supply chain management and better social, environmental, and economic outcomes in the communities where they buy.”

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 11B

“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, 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
Birgit Skuballa
Title
Chair
Phone
2022305169
Signed
2018-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Birgit Skuballa
Formed
2013
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
30

Preparer

Firm
Hertzbach & Company Pa
Address
1803 RESEARCH BLVD 215, ROCKVILLE, MD 20850
Preparer
Mark Ps Edward
Phone
3013152150
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Outside contracted services 118,464.”

Raw XML Appendix288 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.

Path#Value
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IRS990/ActivityOrMissionDesc0ESTABLISHING FORMAL GUIDELINES TO HELP ITS SUPPLIERS MEET PHARMACEUTICAL INDUSTRY EXPECTATIONS.
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IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0HELD TWO THREE-DAY TRAINING CONFERENCES, ONE IN INDIA AND THE OTHER IN CHINA, WHICH BROUGHT TOGETHER SENIOR HSE MANAGERS FROM THE WORLD'S LARGEST PHARMACEUTICAL COMPANIES TO SHARE KNOWLEDGE AND PROVIDE PRACTICAL TRAINING TO THIRD-PARTY AUDIT FIRMS ON HOW TO CARRY OUT HEALTH, SAFETY AND ENVIRONMENTAL (HSE) AUDITS ACCORDING TO THE PSCI PRINCIPLES, WHICH OUTLINE THE INDUSTRY EXPECTATIONS ON SAFE AND ENVIRONMENTALLY SOUND PRACTICES IN THEIR SUPPLY CHAIN.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/PersonNm0JULIE BRAUTIGAM
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IRS990/Form990PartVIISectionAGrp/PersonNm2SULAIMAN HAMIDI
IRS990/Form990PartVIISectionAGrp/PersonNm3PETER ETIENNE
IRS990/Form990PartVIISectionAGrp/PersonNm4STEVEN MESZAROS
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST CHAIR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0509375
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt0893
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd01
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IRS990/MissionDesc0OUR 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0332823
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt0267
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IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/PoliticalCampaignActyInd00
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IRS990/ProgSrvcAccomActy2Grp/Desc0HELD A THREE-DAY SUPPLIER TRAINING CONFERENCE IN HYDERABAD, INDIA IN MAY 2017 FEATURING OVER 20 SPEAKERS, 6 PANELLISTS, AND MORE THAN 150 ATTENDEES REPRESENTING OVER 70 SUPPLIERS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PSCI IS A MEMBERSHIP ASSOCIATION COMPRISED OF PHARMACEUTICAL AND HEALTHCARE COMPANIES FORMED TO PROMOTE RESPONSIBLE SUPPLY CHAIN MANAGEMENT AND BETTER SOCIAL, ENVIRONMENTAL, AND ECONOMIC OUTCOMES IN THE COMMUNITIES WHERE THEY BUY.
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 TREASURER 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 118,464.
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07003BE9D2AFDE1A1487CECC4BDD59BA3FD9C92C8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.10.1.57
ReturnHeader/FilingSecurityInformation/IPDt02018-06-25
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm010:54:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521158459
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HERTZBACH & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01803 RESEARCH BLVD 215
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCKVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020850
ReturnHeader/PreparerPersonGrp/PhoneNum03013152150
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK PS EDWARD
ReturnHeader/ReturnTs02018-07-02T12:52:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$565,149
Liabilities
$232,326
Net assets
$332,823
Revenue
$509,375
Expenses
$407,324
Net income
$102,051
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
2017Detailed filing. Detailed filing data is available for this year.$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