PHARMACEUTICAL RESEARCH AND MANUFACTURERS OF AMERICA Charity Report

Public IRS 990 nonprofit record

PHARMACEUTICAL RESEARCH AND MANUFACTURERS OF AMERICA

EIN 53-0241211 · Education (B)

What they do

PHRMAS MISSION is to CONDUCT EFFECTIVE ADVOCACY for PUBLIC POLICIES THAT ENCOURAGE THE DISCOVERY of IMPORTANT, NEW MEDICINES for PATIENTS BY BIOPHARMACEUTICAL RESEARCH COMPANIES.

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Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders50 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$110.92spent for every $100 of revenueSpending was higher than revenue this year.

$0.60in assets for every $1 spent this yearSome assets cannot be spent right away.

0.2%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $56,916,840 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $7,643,016 for STEPHEN J UBL (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$521,348,217

Expenses$578,265,057

Annual shortfall $56,916,840 Expenses were higher than revenue for this filing year.

See all reported dollar amounts

Revenue$521,348,217

Expenses$578,265,057

Assets$349,012,370

Income$524,889,625

Contributions$1,116,000

Grants given$368,880,728

Average grant$102,581

Stocks and bonds$90,734,870

Accounting fees$315,609

Investing fees$265,836

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

STEPHEN J UBLPRESIDENT & CEO · 38 hrs/week $7,643,016Base $5,935,826 · Other $1,707,190

LORI REILLYCOO · 38 hrs/week $4,523,351Base $2,547,833 · Other $1,975,518

JAMES C STANSELGENERAL COUNSEL & EVP LAW, SECRETARY · 38 hrs/week $2,266,858Base $1,761,157 · Other $505,701

ANNE PRITCHETTSVP, POLICY/RESEARCH · 38 hrs/week $2,106,207Base $2,066,592 · Other $39,615

STEVEN TILTONEVP, FEDERAL ADVOCACY · 38 hrs/week $1,908,566Base $920,326 · Other $988,240

ROBERT ZIRKELBACH IIEVP, PUBLIC AFFAIRS · 38 hrs/week $1,881,642Base $1,190,211 · Other $691,431

JENNIFER BRYANTEVP, POLICY/RESEARCH · 38 hrs/week $1,858,936

ELIZABETH CARPENTEREVP, POLICY/RESEARCH · 38 hrs/week $1,754,111Base $1,077,102 · Other $677,009

TRACEY MERCHANTCFO & EVP, ADMINISTRATION · 38 hrs/week $1,717,156Base $1,340,588 · Other $376,568

SCOTT LAGANGAEVP, STATE ADVOCACY · 38 hrs/week $1,574,509Base $1,199,864 · Other $374,645

SHANNON MONSIFEVP, ALLIANCE · 38 hrs/week $1,478,984Base $1,115,048 · Other $363,936

MICHAEL WOODYSVP, FEDERAL ADVOCACY · 38 hrs/week $1,464,681Base $1,175,941 · Other $288,740

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (50)

STEPHEN J UBLPRESIDENT & CEO

LORI REILLYCOO

JAMES C STANSELGENERAL COUNSEL & EVP LAW, SECRETARY

ANNE PRITCHETTSVP, POLICY/RESEARCH

STEVEN TILTONEVP, FEDERAL ADVOCACY

ROBERT ZIRKELBACH IIEVP, PUBLIC AFFAIRS

JENNIFER BRYANTEVP, POLICY/RESEARCH

ELIZABETH CARPENTEREVP, POLICY/RESEARCH

TRACEY MERCHANTCFO & EVP, ADMINISTRATION

SCOTT LAGANGAEVP, STATE ADVOCACY

SHANNON MONSIFEVP, ALLIANCE

MICHAEL WOODYSVP, FEDERAL ADVOCACY

JAY TAYLOREVP, INTERNATIONAL

KENNETH K MCKAY IVSVP, STATE ADVOCACY

RENUKA IYEREVP, HUMAN RESOURCES

ROBERT A BRADWAYDIRECTOR

MICHAEL PETROUTSASDIRECTOR (AS OF 02/24)

MYRTLE POTTERDIRECTOR (THRU 03/24)

MARK REISENAUERDIRECTOR (THRU 04/24)

PAUL HUDSONTREASURER

RICHARD F POPSDIRECTOR

KEN KELLERDIRECTOR

ROBERT M DAVISDIRECTOR

SEBASTIAN GUTH PHDDIRECTOR

TAREK RABAHDIRECTOR

TATSUYKI YASUNODIRECTOR

THOMAS GIBBSDIRECTOR

VASANT VAS NARASIMHAN MDDIRECTOR

DAVID LOEWDIRECTOR

ALEXANDER HARDYDIRECTOR

ANTHONY MANCINIDIRECTOR (THRU 08/24)

ASHLEY MAGARGEEDIRECTOR

BARRY GREENEDIRECTOR

BOB LOJEWSKIDIRECTOR

BRAD BAILEYDIRECTOR (AS OF 08/24)

CHRIS ROUNDDIRECTOR (THRU 12/24)

CHRIS VIEHBACHERDIRECTOR

CHRIS BOERNER PHDDIRECTOR

DANIEL O DAYCHAIR

KYLE GANO PHDDIRECTOR (AS OF 10/24)

DAVID RICKSDIRECTOR

DOUGLAS L LANGADIRECTOR (THRU 12/24)

EMMA WALMSLEYDIRECTOR

HERVE J HOPPENOTDIRECTOR

JEAN-CHRISTOPHE TELLIER MDDIRECTOR

JEAN-MICHEL BOERSDIRECTOR

JENNIFER TAUBERTDIRECTOR

JULIE KIMDIRECTOR

ALBERT BOURLA PHDVICE CHAIR

KEVIN C GORMAN PHDDIRECTOR (THRU 09/24)

About this charity

Recognized since: January 1959
Location: 670 MAINE AVE SW, WASHINGTON, DC 20024-3556
County: District of Columbia
In care of: % TRACEY MERCHANT CFO/EVP
Primary officer: STEPHEN J UBL, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Phone(202) 835-3400

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BDO USA
NTEE classification: Education (B)
IRS tax category: Education
Grant-giving organization: Yes