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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 01-0549023

THE PHARMACEUTICAL SECURITY INSTITUTE INC

Tax-exempt · ALEXANDRIA, VA 22314

Financials

$2.2M$2.3M2023$1.9M$1.9M2024
Revenue Expenses · by fiscal year end
Financials of THE PHARMACEUTICAL SECURITY INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,915,171$1,883,292$31,879$3,131,371$248,337$2,883,034
December 31, 2023990$2,203,877$2,297,620-$93,743$3,048,080$196,925$2,851,155
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,840,503
Investment income
$74,668
Net gain from sales of assets
-$22,561
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$272,288
Other salaries and wages
$647,648
Salaries, compensation and benefits (total)
$1,058,844
Professional fundraising fees
$0
Legal fees
$94,733
Accounting fees
$20,379
Occupancy
$57,988
Travel
$169,175
Depreciation
$213

Balance sheet and other

Total assets, start of year
$3,048,080
Total assets, end of year
$3,131,371
Total liabilities, end of year
$248,337
Net assets, end of year
$2,883,034
Net assets without donor restrictions
$2,883,034
Gross receipts
$1,937,732
Employees
6
Volunteers
0
Year formed
2001
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
C Todd RatcliffePresident and CEO
Officer
55$272,288$0
Peter YorkGlobal Intelligence Manager
Highest-paid employee
40$139,244$24,159
Eddie AgraitRegional Manager
Highest-paid employee
40$137,917$0
Ramesh Raj KishoreRegional Director
Highest-paid employee
40$115,357$11,148
Amy LyonsChairperson
Trustee or director, Officer
1$0$0
Gregory KleimanTreasurer
Trustee or director, Officer
1$0$0
Robert ReznickSecretary
Trustee or director, Officer
1$0$0
Lev KubiakBoard Member
Trustee or director
1$0$0
Stanislas BarroBoard Member
Trustee or director
1$0$0
Trevor ReesBoard Member
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
C Todd RatcliffePresident and CEO
Officer
55$304,011$0
Peter YorkGlobal Intelligence Manager
Highest-paid employee
40$141,625$19,311
Eddie AgraitRegional Manager
Highest-paid employee
40$147,290$0
Ramesh Raj KishoreRegional Director
Highest-paid employee
40$117,201$10,968
Amy LyonsChairperson
Trustee or director, Officer
1$0$0
Gregory KleimanTreasurer
Trustee or director, Officer
1$0$0
Robert ReznickSecretary
Trustee or director, Officer
1$0$0
Lev KubiakBoard Member
Trustee or director
1$0$0
Stanislas BarroBoard Member
Trustee or director
1$0$0
Thomas CueniBoard Member
Trustee or director
1$0$0
Trevor ReesBoard Member
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
526 KING STREET, ALEXANDRIA, VA 22314-3143
In care of
% HUGHES HUBBARD RESNICK
Principal officer (990 for 2024)
C Todd Ratcliffe, 8100 Boone Blvd 220, Vienna, VA 22182
Signed the 990
C Todd Ratcliffe, President and CEO
Phone
(703) 848-0160
Return prepared by
Forvis Mazars LLP

Mission

OLLECT, ANALYZE, DISSEMINATE INFO ABOUT COUNTERFEITING OF MEDICINES TO MEMBERS, POLICE, CUSTOMS AGENTS, DRUG REGULATORS AND THE PUBLIC.

990 for the year ended December 31, 2024

Program accomplishments

  • 1. INFORMATION PROGRAM - Collect, analyze, and disseminate information. There were more than 49,000 reports of counterfeit, stolen and illegally diverted medicines, which were identified and analyzed. Of these, approximately 6,400 were determined to be unique. PSI reports were provided to international organizations to include the World Health Organization, the World Customs Organization, Interpol, and Europol. National authorities were likewise provided with this information within the U.S., the Food and Drug Administration at the various FDA centers, including the office of criminal investigations, the FBI, the United Nations, the Organization for Economic Co-operation and Development, and the Department of Homeland Security's IPR center.
  • TRAINING PROGRAM - Training and informational sessions were held at several locations and online with presentations in USA, Colombia, Brazil, Mexico, Ecuador, Peru, Chile, Argentina, Bolivia, Costa Rica, Peru, Paraguay, Uruguay, Panama, Guatemala, Honduras, El Salvador, Dominican Republic, Ireland, Turkey, India, France, United Kingdom, Austria, Malaysia, Indonesia, China, Philippines, Thailand, Japan, Korea. Over 900 people were reached through these various programs

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
01-0549023
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2002
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E03)
Assets (IRS master file)
$3,131,371
Income (IRS master file)
$1,937,732

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,915,171$1,883,292$3,131,371IRS
990December 2023$2,203,877$2,297,620$3,048,080XML
990December 2022$2,254,106$1,854,717$3,376,183IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0549023).

Questions about THE PHARMACEUTICAL SECURITY INSTITUTE INC

What is the EIN of THE PHARMACEUTICAL SECURITY INSTITUTE INC?
The employer identification number (EIN) of THE PHARMACEUTICAL SECURITY INSTITUTE INC is 01-0549023.
Is THE PHARMACEUTICAL SECURITY INSTITUTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2002.
Are donations to THE PHARMACEUTICAL SECURITY INSTITUTE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does THE PHARMACEUTICAL SECURITY INSTITUTE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE PHARMACEUTICAL SECURITY INSTITUTE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE PHARMACEUTICAL SECURITY INSTITUTE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE PHARMACEUTICAL SECURITY INSTITUTE INC?
The 990 for the year ended December 31, 2024 names C Todd Ratcliffe.
Who are the officers and directors of THE PHARMACEUTICAL SECURITY INSTITUTE INC?
The 990 for the year ended December 31, 2024 lists 10 people; 4 received compensation from the organization, the highest $272,288 (C Todd Ratcliffe, President and CEO).
How much revenue does THE PHARMACEUTICAL SECURITY INSTITUTE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,915,171, expenses of $1,883,292 and total assets of $3,131,371 at year end.

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