Form 990 for tax year 2025
Filed by PHARMACEUTICAL RESEARCH AND MANUFACTURERS OF AMERICA FND INC.
Totals
- Total revenue
- $4,902,599
- Total expenses
- $5,201,229
- Contributions and grants received
- $2,829,510
- Grants paid
- $3,708,833
- Program service revenue
- $0
- Investment income
- $2,073,089
- Other revenue
- $0
- Total assets, end of year
- $28,801,189
- Total liabilities, end of year
- $1,517,326
- Net assets or fund balances, end of year
- $27,283,863
- Program services expenses (Part IX)
- $4,634,099
- Management and general expenses
- $563,896
- Fundraising expenses
- $3,234
- Program service expenses (Part III)
- $4,634,099
Program services were 89.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$2,829,510
-
1g · Noncash contributions included above
$0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $555,640 · related or exempt $0 · unrelated business $0 · excluded $555,640
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $8,058,158 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $6,540,709 · other assets $0
-
7c · Gain or loss
securities $1,517,449 · other assets $0
-
7d · Net gain or loss
total $1,517,449 · related or exempt $0 · unrelated business $0 · excluded $1,517,449
-
8c · Net income from fundraising events
total $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $3,698,833 · program services $3,698,833
-
3 · Grants to foreign organizations and individuals
total $10,000 · program services $10,000
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $613,926 · program services $442,827 · management and general $171,099 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $326,105 · program services $235,221 · management and general $90,884 · fundraising $0
-
8 · Pension plan contributions
total $70,483 · program services $50,840 · management and general $19,643 · fundraising $0
-
9 · Other employee benefits
total $74,207 · program services $53,526 · management and general $20,681 · fundraising $0
-
10 · Payroll taxes
total $60,072 · program services $43,330 · management and general $16,742 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $0 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $31,130 · program services $0 · management and general $31,130 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $51,244 · program services $0 · management and general $51,244 · fundraising $0
-
11g · Fees: other
total $150,570 · program services $34,000 · management and general $116,570 · fundraising $0
-
12 · Advertising and promotion
total $9,492 · program services $352 · management and general $9,140 · fundraising $0
-
13 · Office expenses
total $1,800 · program services $1,461 · management and general $339 · fundraising $0
-
14 · Information technology
total $13,980 · program services $13,681 · management and general $299 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $0 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $16,608 · program services $6,959 · management and general $9,649 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $15,575 · program services $11,719 · management and general $3,856 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $32,727 · program services $23,606 · management and general $9,121 · fundraising $0
-
23 · Insurance
total $9,651 · program services $6,961 · management and general $2,690 · fundraising $0
-
24a · Other expenses: Bank/Payroll Charges
total $9,771 · program services $0 · management and general $9,771 · fundraising $0
-
24b · Other expenses: Dues/Publications/Projects
total $5,055 · program services $783 · management and general $1,038 · fundraising $3,234
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,768,034 · end of year $2,405,817
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $18,563 · end of year $19,527
-
10a · Land, buildings and equipment: cost or other basis
$98,178
-
10b · Land, buildings and equipment: accumulated depreciation
$70,906
-
10c · Land, buildings and equipment, net
beginning of year $59,998 · end of year $27,272
-
11 · Investments: publicly traded securities
beginning of year $24,721,524 · end of year $26,348,573
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $1,517,703 · end of year $1,505,330
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $22,982 · end of year $11,996
-
27 · Net assets without donor restrictions
beginning of year $26,027,434 · end of year $27,283,863
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2025
Mission
THE PHRMA FOUNDATION WORKS TO IMPROVE PUBLIC HEALTH BY PROACTIVELY INVESTING IN INNOVATIVE RESEARCH, EDUCATION AND VALUE-DRIVEN HEALTH CARE.
Activities or mission (Part I)
THE PHRMA FOUNDATION WORKS TO IMPROVE PUBLIC HEALTH BY PROACTIVELY INVESTING IN INNOVATIVE RESEARCH, EDUCATION AND VALUE DRIVEN HEALTH CARE.
-
Drug Discovery - funds early career academic scientists who are pioneering new approaches to drug discovery. We support research projects that have the potential to make a significant impact for patients. By funding the drug discovery research of promising young scientists, the Foundation helps accelerate the identification of new therapeutic compounds and modalities while building a talent base to support innovation across the biopharmaceutical industry.
Expenses $1,341,859 · Grants $1,085,952
-
Drug Delivery - Funds researchers studying ways to optimize drug composition, dosage, and delivery to make treatments safer, more effective, and easier to manage for patients.
Expenses $1,055,367 · Grants $856,250
-
Value Assessment-Health Outcomes Research (VA-HOR) - supports early career researchers engaged in a multidisciplinary, collaborative research that investigates challenges and potential solutions related to evaluating the delivery, safe use, effectiveness, and value (clinical, patient-centered, and economic) of medicines and other health care interventions.
Expenses $901,315 · Grants $739,986
-
Translational Medicine - Funds novel research that uses the "bedside to bench" approach to address unmet needs in the diagnosis, treatment, and prevention of disease. The Foundation supports early career researchers focused on identifying unmet clinical needs and developing new diagnostic, experimental, and computational approaches and technologies to improve patient care and management.
Expenses $864,045 · Grants $693,309
-
DIGITAL HEALTH TECHNOLOGIES - SUPPORTS RESEARCH ON THE USE OF DHTS IN UNDERREPRESENTED POPULATIONS IN CLINICAL TRIALS TO ADVANCE FDA REGULATORY DECISION MAKING.
Expenses $410,148 · Grants $333,336
-
Other Program Expenses
Expenses $61,365
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Andrew Plump MD PhDANDREW PLUMP MD PHD
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Aida Habtezion MD Msc FrcpAIDA HABTEZION MD MSC FRCP
DIRECTOR (THRU 3/2025)
- Total calculated
- $0
- Hours/week
- 1
-
DANIEL SKOVRONSKY MD PhD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donatello CrocettaDONATELLO CROCETTA
Director
- Total calculated
- $0
- Hours/week
- 1
-
FIONA H MARSHALL PHD FMedSci FRS
DIRECTOR (AS OF 6/2025)
- Total calculated
- $0
- Hours/week
- 1
-
George Addona PhDGEORGE ADDONA PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN REED MD PhD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LORI REILLY Esq
EX OFFICIO MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Patrizia Cavazzoni MDPATRIZIA CAVAZZONI MD
DIRECTOR (AS OF 6/2025)
- Total calculated
- $0
- Hours/week
- 1
-
Robert Plenge MD PhDROBERT PLENGE MD PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy MillerAMY MILLER
PRESIDENT
- Total calculated
- $613,926
- From this org
- $535,515
- From related orgs
- $0
- Other
- $78,411
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $369,848
- Bonus
- $163,700
- Other
- $1,967
- Deferred
- $35,000
- Nontaxable benefits
- $43,411
- Filer's total
- $613,926
-
Emily OrtmanEMILY ORTMAN
SENIOR DIRECTOR
- Total calculated
- $269,922
- From this org
- $204,960
- From related orgs
- $0
- Other
- $64,962
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $167,806
- Bonus
- $34,136
- Other
- $3,018
- Deferred
- $19,490
- Nontaxable benefits
- $45,472
- Filer's total
- $269,922
-
Joanne WestphalJOANNE WESTPHAL
DIRECTOR
- Total calculated
- $222,449
- From this org
- $184,732
- From related orgs
- $0
- Other
- $37,717
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $159,922
- Bonus
- $20,675
- Other
- $4,135
- Deferred
- $18,640
- Nontaxable benefits
- $19,077
- Filer's total
- $222,449
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 · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a Health or social club dues or initiation fees
- Health and wellness benefit: All PhRMA Foundation Employees are eligible to participate in the organization's health and wellness benefit up to $1,250 annually. The value of this benefit is considered taxable income.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 17 June 2026
- IRS schema version
- 2025v4.1
- Source object
- 202611689349301046
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