Form 990 for tax year 2024
Filed by ASSOCIATION FOR ACCESSIBLE MEDICINES.
Totals
- Total revenue
- $21,539,161
- Total expenses
- $18,292,566
- Contributions and grants received
- $0
- Grants paid
- $184,500
- Program service revenue
- $20,025,808
- Investment income
- $1,107,258
- Other revenue
- $406,095
- Total assets, end of year
- $22,475,133
- Total liabilities, end of year
- $7,732,655
- Net assets or fund balances, end of year
- $14,742,478
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MEMBERSHIP DUES
total $18,264,605 · related or exempt $18,264,605
-
2b · Program service revenue: MEETING REVENUE
total $1,451,203 · related or exempt $1,451,203
-
2c · Program service revenue: BIOSIMILAR COUNCIL DUES
total $310,000 · related or exempt $310,000
-
3 · Investment income
total $1,107,258 · excluded $1,107,258
-
6a · Gross rents
real property $390,635
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $390,635
-
6d · Net rental income or loss
total $390,635 · excluded $390,635
-
11a · Other revenue: MISCELLANEOUS
total $15,460 · related or exempt $15,460
-
11e · Other revenue, total
$15,460
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $184,500
-
5 · Compensation of officers, directors and key employees
total $1,388,576
-
7 · Other salaries and wages
total $4,953,651
-
8 · Pension plan contributions
total $147,571
-
9 · Other employee benefits
total $385,180
-
10 · Payroll taxes
total $348,701
-
11b · Fees: legal
total $1,155,003
-
11c · Fees: accounting
total $131,912
-
11d · Fees: lobbying
total $2,158,053
-
11g · Fees: other
total $2,263,589
-
12 · Advertising and promotion
total $353,236
-
13 · Office expenses
total $214,481
-
14 · Information technology
total $305,773
-
16 · Occupancy
total $1,259,722
-
17 · Travel
total $172,079
-
19 · Conferences, conventions and meetings
total $1,220,611
-
22 · Depreciation, depletion and amortization
total $236,494
-
23 · Insurance
total $80,407
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $635,385
-
24b · Other expenses: RESEARCH PROJECT
total $581,078
-
24c · Other expenses: MAINTENANCE & TAXES
total $116,564
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $17,046,731 · end of year $17,153,993
-
9 · Prepaid expenses and deferred charges
beginning of year $462,864 · end of year $631,157
-
10a · Land, buildings and equipment: cost or other basis
$2,692,502
-
10b · Land, buildings and equipment: accumulated depreciation
$2,080,378
-
10c · Land, buildings and equipment, net
beginning of year $841,811 · end of year $612,124
-
12 · Investments: other securities
beginning of year $579,013 · end of year $579,071
-
15 · Other assets
beginning of year $4,679,656 · end of year $3,498,788
-
17 · Accounts payable and accrued expenses
beginning of year $754,378 · end of year $1,032,000
-
19 · Deferred revenue
beginning of year $4,830,945 · end of year $1,756,021
-
25 · Other liabilities
beginning of year $6,528,869 · end of year $4,944,634
-
27 · Net assets without donor restrictions
beginning of year $11,495,883 · end of year $14,742,478
Mission and programs · 2024
Mission
THE ORGANIZATION FOSTERS AND PROMOTES THE INTERESTS OF THE GENERIC PHARMACEUTICAL AND BIOSIMILARS INDUSTRY.
Activities or mission (Part I)
PROMOTE THE INTEREST OF THE GENERIC PHARMACEUTICAL AND BIOSIMILAR INDUSTRY.
-
GOVERNMENT AFFAIRS - ADVOCATE ON BEHALF OF THE GENERIC PHARMACEUTICAL AND BIOSIMILARS INDUSTRY WITH RESPECT TO FEDERAL, STATE, AND MUNICIPAL RULES, LAWS, AND ORDERS AFFECTING THE INDUSTRY.
-
POLICY & STRATEGIC ALLIANCES - IDENTIFY POLICY ISSUES AFFECTING THE GENERIC PHARMACEUTICAL AND BIOSIMILARS INDUSTRIES AND FACILITATE DEVELOPMENT OF POLICY POSITIONS AMONG OUR MEMBER COMPANIES; WORK WITH THE AGENCIES OF THE U.S. GOVERNMENT, AND STATE AND INTERNATIONAL BODIES TO EDUCATE AND COMMUNICATE POLICY POSITIONS ON STRATEGIC PRIORITIES; DEVELOP DATA TO SUPPORT ADVOCACY INITIATIVES AND PUBLISH WHITE PAPERS, REPORTS AND OTHER POLICY RESOURCES; BUILD RELATIONSHIPS WITH THIRD-PARTY STAKEHOLDERS ACROSS SUPPLY CHAIN, PATIENT, PROVIDER, CONSUMER, AND OTHER SECTORS TO SUPPORT ADVOCACY INITIATIVES.
-
COMMUNICATIONS & MARKETING - EDUCATING POLICYMAKERS, MEDIA, PATIENTS AND OTHER STAKEHOLDERS ABOUT THE ECONOMIC AND THERAPEUTIC CONTRIBUTIONS OF GENERIC AND BIOSIMILARS MEDICINES AS WELL AS THEIR SAFETY AND EFFICACY; PRODUCING AND SHARING PATIENT AND TAXPAYER SAVINGS DATA AND STORIES OF PATIENTS WHOSE HEALTH IS SAVED, IMPROVED AND MAINTAINED BY GENERIC AND BIOSIMILARS MEDICINES; DISSEMINATING INSTRUCTIONAL MATERIALS AND CURRICULUM TO PROMOTE THE SAFE USE, STORAGE AND DISPOSAL OF PRESCRIPTION MEDICINES.
As filed on the 2024 return.
Listed in Part VII
-
Keren HaruviKEREN HARUVI
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Bob HoffmanBOB HOFFMAN
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jeff BurdJEFF BURD
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Rob AlbertROB ALBERT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Christine BaederCHRISTINE BAEDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dan DischnerDAN DISCHNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Matt ErickMATT ERICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Marc FalkinMARC FALKIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kevin FortierKEVIN FORTIER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Gretchen FritzGRETCHEN FRITZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Hafrun FridriksdottirHAFRUN FRIDRIKSDOTTIR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Abhay GandhiABHAY GANDHI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sanjay GuptaSANJAY GUPTA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Milan KalawadiaMILAN KALAWADIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Marc KikuchiMARC KIKUCHI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Emily KingEMILY KING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Brian McCormickBRIAN MCCORMICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Paul McMahonPAUL MCMAHON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Punit PatelPUNIT PATEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Brandon RockwellBRANDON ROCKWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Veerappan SubramanianVEERAPPAN SUBRAMANIAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Maryll ToufanianMARYLL TOUFANIAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Arun VermaARUN VERMA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Victoria Wohlfiel CherryVICTORIA WOHLFIEL CHERRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Chrys KokinoCHRYS KOKINO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
John DuckerJOHN DUCKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Pat McIntoshPAT MCINTOSH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
David GaughDAVID GAUGH
INTERIM PRESIDENT & CEO / EXEC VP
- Total calculated
- $774,934
- From this org
- $722,230
- From related orgs
- $0
- Other
- $52,704
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $481,685
- Bonus
- $240,545
- Other
- $0
- Deferred
- $27,600
- Nontaxable benefits
- $25,104
- Filer's total
- $774,934
-
Karin HesslerKARIN HESSLER
GENERAL COUNSEL AND SECRETARY
- Total calculated
- $496,163
- From this org
- $457,889
- From related orgs
- $0
- Other
- $38,274
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $338,793
- Bonus
- $119,096
- Other
- $0
- Deferred
- $22,984
- Nontaxable benefits
- $15,290
- Filer's total
- $496,163
-
John Murphy IIIJOHN MURPHY III
PRESIDENT AND CEO
- Total calculated
- $117,479
- From this org
- $111,403
- From related orgs
- $0
- Other
- $6,076
- Hours/week
- 40
-
Craig BurtonCRAIG BURTON
SVP, POLICY & STRATEGIC ALLIANCES
- Total calculated
- $510,842
- From this org
- $455,119
- From related orgs
- $0
- Other
- $55,723
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $336,023
- Bonus
- $119,096
- Other
- $0
- Deferred
- $23,000
- Nontaxable benefits
- $32,723
- Filer's total
- $510,842
-
Giuseppe RandazzoGIUSEPPE RANDAZZO
SVP, SCIENCES & REGULATORY AFFAIRS
- Total calculated
- $475,151
- From this org
- $446,188
- From related orgs
- $0
- Other
- $28,963
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $330,828
- Bonus
- $115,360
- Other
- $0
- Deferred
- $24,415
- Nontaxable benefits
- $4,548
- Filer's total
- $475,151
-
Katherine RaabKATHERINE RAAB
VP, FGA
- Total calculated
- $446,947
- From this org
- $400,495
- From related orgs
- $0
- Other
- $46,452
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $307,457
- Bonus
- $93,038
- Other
- $0
- Deferred
- $23,000
- Nontaxable benefits
- $23,452
- Filer's total
- $446,947
-
Brian HartBRIAN HART
VP, COMMUNICATIONS
- Total calculated
- $368,207
- From this org
- $330,616
- From related orgs
- $0
- Other
- $37,591
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $253,366
- Bonus
- $77,250
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $37,591
- Filer's total
- $368,207
-
Rachelle KoskyRACHELLE KOSKY
CONTROLLER
- Total calculated
- $310,343
- From this org
- $278,894
- From related orgs
- $0
- Other
- $31,449
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $214,236
- Bonus
- $64,658
- Other
- $0
- Deferred
- $16,550
- Nontaxable benefits
- $14,899
- Filer's total
- $310,343
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · First-class or charter travel
- 1a · Travel for companions
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$60,000
GENERAL CONTRIBUTION
-
$35,000
GENERAL CONTRIBUTION
-
$25,000
GENERAL CONTRIBUTION
-
$25,000
GENERAL CONTRIBUTION
-
AMERICAN CONSUMER INSTITUTE CCR
$15,000
GENERAL CONTRIBUTION
-
$12,500
GENERAL CONTRIBUTION
-
$12,000
GENERAL CONTRIBUTION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533109349302383
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