Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,116,000

• 2a · Program service revenue: MEMBERSHIP DUES

  total $508,650,143 · related or exempt $508,650,143

• 2b · Program service revenue: MEETINGS, SECTIONS, STUDIES

  total -$656,971 · related or exempt -$656,971

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $11,921,705 · excluded $11,921,705

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $3,471,628

• 7b · Less cost or other basis and sales expenses

  securities $3,379,957 · other assets $161,451

• 7c · Gain or loss

  securities $91,671 · other assets -$161,451

• 7d · Net gain or loss

  total -$69,780 · excluded -$69,780

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $387,120 · excluded $387,120

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $387,120

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $43,220,385

• 3 · Grants to foreign organizations and individuals

  total $43,930

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $23,765,282

• 7 · Other salaries and wages

  total $71,694,936

• 8 · Pension plan contributions

  total $4,456,530

• 9 · Other employee benefits

  total $6,427,347

• 10 · Payroll taxes

  total $6,658,410

• 11b · Fees: legal

  total $20,599,243

• 11c · Fees: accounting

  total $315,609

• 11d · Fees: lobbying

  total $167,952,424

• 11f · Fees: investment management

  total $265,836

• 11g · Fees: other

  total $82,010,503

• 12 · Advertising and promotion

  total $27,283,713

• 13 · Office expenses

  total $3,005,251

• 14 · Information technology

  total $1,823,708

• 16 · Occupancy

  total $13,985,438

• 17 · Travel

  total $4,809,997

• 19 · Conferences, conventions and meetings

  total $3,976,183

• 22 · Depreciation, depletion and amortization

  total $3,399,116

• 23 · Insurance

  total $719,108

• 24a · Other expenses: MEMBERSHIPS

  total $68,250,478

• 24b · Other expenses: RESEARCH STUDIES

  total $16,652,218

• 24c · Other expenses: EQUIPMENT EXPENSE

  total $4,300,526

• 24d · Other expenses: TAXES-OTHER

  total $2,356,120

• 24e · All other expenses

  total $292,766

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $221,437,642 · end of year $38,462,581

• 4 · Accounts receivable

  beginning of year $1,364,512 · end of year $1,129,636

• 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

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,896,851 · end of year $4,230,134

• 10a · Land, buildings and equipment: cost or other basis

  $41,789,403

• 10b · Land, buildings and equipment: accumulated depreciation

  $11,269,989

• 10c · Land, buildings and equipment, net

  beginning of year $25,409,340 · end of year $30,519,414

• 11 · Investments: publicly traded securities

  beginning of year $80,262,649 · end of year $90,734,870

• 12 · Investments: other securities

  beginning of year $10,811,296 · end of year $133,129,416

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $55,768,387 · end of year $50,806,319

• 17 · Accounts payable and accrued expenses

  beginning of year $56,663,492 · end of year $63,269,111

• 19 · Deferred revenue

  beginning of year $33,997,527 · end of year $29,904,508

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $97,360,691 · end of year $97,301,496

• 27 · Net assets without donor restrictions

  beginning of year $210,928,967 · end of year $158,537,255

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel

FIRST CLASS TRAVEL: THE PRESIDENT AND COO ARE AUTHORIZED TO TRAVEL USING FIRST CLASS.

Schedule J, Part I, Line 1a Travel for companions

TRAVEL FOR COMPANIONS: COMPANIONS OCCASIONALLY TRAVEL WITH PHRMA EXECUTIVES ON BUSINESS TRAVEL. IN SUCH CASES, COMPANION TRAVEL IS INCLUDED IN THE TAXABLE INCOME OF THE PHRMA EXECUTIVE.

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

HOUSING ALLOWANCE: A HOUSING ALLOWANCE IS PROVIDED TO TRACEY MERCHANT, CFO & EVP, ADMINISTRATION. IT IS PAID MONTHLY AND INCLUDED IN HER INCOME ON FORM W-2.

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

HEALTH AND WELLNESS BENEFIT: ALL PHRMA EMPLOYEES ARE ELIGIBLE TO PARTICIPATE IN PHRMA'S HEALTH AND WELLNESS BENEFIT UP TO $1,250 ANNUALLY. THE VALUE OF THIS BENEFIT IS CONSIDERED TAXABLE INCOME.

Schedule J, Part I, Line 1a Personal services

PERSONAL SERVICES: THE PRESIDENT IS PROVIDED WITH A DRIVER.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

SUPPLEMENTAL PAYMENT PLAN RETIREMENT BENEFIT: ANNE PRITCHETT - $1,041,074, JENNIFER BRYANT - $1,848,016 457(F) AND LTIP: PHRMA SPONSORS A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN AND A LONG-TERM INCENTIVE PLAN. AMOUNTS PAID OUT UNDER THESE PLANS ARE INCLUDED IN PART VII (WHEN PAID) AND SCHEDULE J, RESPECTIVELY (WHEN PAID, EARNED AND REPORTED IN A PRIOR YEAR). PRIOR YEAR PAID CURRENT YEAR AWARDED STEPHEN UBL: $ 1,823,682 $ 1,635,015 LORI REILLY: $ 708,109 $ 916,043 JAMES STANSEL: $ 480,841 $ 430,834 SCOTT LAGANGA: $ 252,470 $ 296,051 TRACEY MERCHANT: $ - $ 303,037 SHANNON MONSIF: $ 241,441 $ 280,420 ROBERT ZIRKELBACH II: $ - $ 321,781 ELIZABETH CARPENTER: $ - $ 316,506 ANNE PRITCHETT: $ 397,102 $ - JAY TAYLOR: $ - $ 269,777 KENNETH K MCKAY IV: $ - $ 210,196 RENUKA IYER: $ - $ 221,000 STEVEN TILTON: $ -$ 312,500 MICHAEL WOODY: $ - $ 212,000

Schedule J, Part I, Line 4c Equity-based compensation arrangement

See Line 4B for details.