EIN 53-0241211

Pharmaceutical Research and Manufacturers of of America (PHRMA)

IRS 501(c) type
501(c)(6)
Num. employees
295
Year formed
1958
Most recent tax filings
2023-12-01
NTEE code, primary
Description
PhRMA represents the country's leading biopharmaceutical researchers and biotechnology companies. New medicines are an integral part of the health care system, providing doctors and patients with safe and effective treatment options.
Also known as...
Pharmaceutical Research and Manufacturers of America
Total revenues
$483,040,082
2023
Total expenses
$426,549,040
2023
Total assets
$398,950,677
2023
Num. employees
295
2023

Program areas at PHRMA

Public policy advocacy: Phrma's mission is to conduct effective advocacy for public policies that encourage discovery of important new medicines for patients by biopharmaceutical Research companies. Phrma achieves this mission by working with, and on behalf of, its member companies before governmental and regulatory bodies in the united states and throughout the world in support of pro-patient, pro-innovation policies. Specifically, Phrma advocates for broad patient access to safe and effective medicines through a free market, without government price controls; strong intellectual property incentives; and transparent, efficient regulation and a free flow of information to patients.
General education about biopharmaceutical industry: Phrma disseminates information about biopharmaceutical companies, their products, and their business, scientific and philanthropic activities through a wide range of channels, including profiles, reports, principles, guidelines, fact sheets, policy papers and other resources. These efforts bolster Phrma's ability to educate and inform members of the general public as well as policymakers, the media, patients and others in the health care community about the biopharmaceutical industry and Phrma's public policy activities in particular.
Member services: in representing the country's leading Pharmaceutical Research and biotechnology companies, Phrma provides a forum for member companies to participate in discussions of relevant health care issues and to develop consensus positions on matters of public policy advocacy. Member companies participate in Phrma activities through representation on the board of directors, board-level committees, staff work groups, sections, and task forces. Member company representatives also regularly communicate with Phrma staff.

Grants made by PHRMA

GranteeGrant descriptionAmount
We Work for HealthGeneral Contribution$6,320,830
American Action NetworkGeneral Contribution$3,500,000
Center ForwardGeneral Contribution$1,563,000
...and 298 more grants made totalling $26,192,711

Personnel at PHRMA

NameTitleCompensation
Stephen J UblPresident and Chief Executive Officer$5,432,814
Lori ReillyExecutive Vice President , Advocacy and Chief Operating Officer / Executive Vice President , Policy and Res; Chief Operating Officer / Executive Vice President , Policy and Research and Member$2,926,661
Paul A AinesChief Financial Officer and Executive Vice President of Administration / Chief Financial Officer and Executive Vice President , Accounting and Fi / Chief Financial Officer , Executive Vice President Administration$1,397,427
Tracey MerchantChief Financial Officer and Executive Vice President of Administration / Executive Vice President , Public Affairs$837,155
Anne M PritchettSenior Vice President , Policy and Research / Senior Vice President , Federal Advocacy$835,101
...and 16 more key personnel

Financials for PHRMA

RevenuesFYE 12/2023
Total grants, contributions, etc.$500,000
Program services$467,347,022
Investment income and dividends$13,451,428
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,461,861
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$279,771
Total revenues$483,040,082

Form 990s for PHRMA

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-14990View PDF
2021-122022-11-12990View PDF
2020-122021-11-12990View PDF
2019-122021-06-25990View PDF
...and 10 more Form 990s
Data update history
January 29, 2024
Updated personnel
Identified 1 new personnel
January 22, 2024
Updated personnel
Identified 8 new personnel
January 15, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 1, 2024
Used new vendors
Identified 3 new vendors, including , , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsTrade associationsBusiness and community development organizationsHeadquarter / parent organizations
Issues
HealthBusiness and industry
Characteristics
MembershipsPolitical advocacyOperates internationallyCommunity engagement / volunteeringRelated 527
General information
Address
670 Maine Ave SW Ste 1000
Washington, DC 20024
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
phrma.org/ 
Phone
(202) 835-3400
Facebook page
PhRMA 
Twitter profile
@phrma 
IRS details
EIN
53-0241211
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1958
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Central organization
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