Nonprofit · EIN 81-1052408
PHYSICIANS RESEARCH INSTITUTE INC
Also known as PHYSICIANS RESEARCH INSTITUTE
Tax-exempt · ARNOLD, MD 21012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $25,800 | $56,431 | -$30,631 | $14,472 | $0 | $14,472 |
| December 31, 2024 | 990 | $170,200 | $157,582 | $12,618 | $45,103 | $0 | $45,103 |
| December 31, 2023 | 990 | $146,459 | $150,727 | -$4,268 | $32,485 | $0 | $32,485 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $25,800
- Membership dues
- $25,800
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $31,154
- Salaries, compensation and benefits (total)
- $35,284
- Professional fundraising fees
- $0
- Accounting fees
- $1,926
- Travel
- $38
- Program services (functional)
- $43,138
- Management and general (functional)
- $13,293
Balance sheet and other
- Total assets, start of year
- $45,103
- Total assets, end of year
- $14,472
- Total liabilities, end of year
- $0
- Net assets, end of year
- $14,472
- Gross receipts
- $25,800
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2016
- State of legal domicile
- MD
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH A SCHWARTZ III | PRESIDENT Trustee or director, Officer | 40 | $31,154 |
| GENE RANSOM | CHAIRMAN Trustee or director, Officer | 0.25 | $5,000 |
| RICHELE KEEL TAYLOR | BOARD MEMBER Trustee or director, Officer | 0.25 | $1,000 |
| SHEILA BUSH | SECERTARY/TREASURER Trustee or director, Officer | 0.25 | $1,000 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joseph A Schwartz III | President Trustee or director, Officer | 40 | $90,046 |
| Gene Ransom | Chairman Trustee or director, Officer | 0.25 | $11,000 |
| Richele Keel Taylor | Board Member Trustee or director, Officer | 0.25 | $3,500 |
| Sheila Bush | Secertary/Treasurer Trustee or director, Officer | 0.25 | $3,500 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joseph A Schwartz III | President Trustee or director, Officer | 40 | $90,000 |
| Gene Ransom | Chairman Trustee or director, Officer | 1 | $10,000 |
| Donald Palmisano Jr | Secretary/Treasurer Trustee or director, Officer | 1 | $5,000 |
| Richele Keel Taylor | Board Member Trustee or director, Officer | 1 | $2,000 |
| Sheila Bush | Board Member Trustee or director, Officer | 1 | $2,000 |
Address and contacts
- Address (IRS master file)
- 563 NORTON LN, ARNOLD, MD 21012-2359
- In care of
- % THE ORGANIZATION
- Principal officer (990 for 2025)
- Joseph A Schwartz III, 1211 Cathedral Street, Baltimore, MD 21201
- Signed the 990
- Joseph A Schwartz III, President
- Phone
- (410) 443-2287
- Return prepared by
- BDO USA
Mission
THE MISSION OF THE PHYSICIANS RESEARCH INSTITUTE (PRI) IS TO DEFEND THE RIGHTS OF PHYSICIANS TO DETERMINE THE BEST THERAPY FOR THEIR PATIENTS FREE FROM LEGISLATIVE OR THIRD PARTY PAYOR INTERFERENCE AND TO ALLOW DOCTORS TO PRESCRIBE AND/OR DISPENSE SUCH MEDICINES AS THEY DEEM APPROPRIATE AND NECESSARY FOR THE HEALTH, WELFARE AND CARE OF THEIR PATIENTS.
Program accomplishments
- THE MISSION OF THE PHYSICIANS RESEARCH INSTITUTE (PRI) IS TO DEFEND THE RIGHTS OF PHYSICIANS TO DETERMINE THE BEST THERAPY FOR THEIR PATIENTS FREE FROM LEGISLATIVE OR THIRD PARTY PAYOR INTERFERENCE AND TO ALLOW DOCTORS TO PRESCRIBE AND/OR DISPENSE SUCH MEDICINES AS THEY DEEM APPROPRIATE AND NECESSARY FOR THE HEALTH, WELFARE AND CARE OF THEIR PATIENTS.Expenses $43,138 · revenue $25,800
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-1052408
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $14,472
- Income (IRS master file)
- $25,800
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $25,800 | $56,431 | $14,472 | XML |
| 990 | December 2024 | $170,200 | $157,582 | $45,103 | XML |
| 990 | December 2023 | $146,459 | $150,727 | $32,485 | XML |
| 990 | December 2022 | $153,650 | $127,401 | $36,753 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 81-1052408).
Questions about PHYSICIANS RESEARCH INSTITUTE INC
- What is the EIN of PHYSICIANS RESEARCH INSTITUTE INC?
- The employer identification number (EIN) of PHYSICIANS RESEARCH INSTITUTE INC is 81-1052408.
- Is PHYSICIANS RESEARCH INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2016.
- Are donations to PHYSICIANS RESEARCH INSTITUTE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PHYSICIANS RESEARCH INSTITUTE INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PHYSICIANS RESEARCH INSTITUTE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHYSICIANS RESEARCH INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PHYSICIANS RESEARCH INSTITUTE INC?
- The 990 for the year ended December 31, 2025 names Joseph A Schwartz III.
- Who are the officers and directors of PHYSICIANS RESEARCH INSTITUTE INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 4 received compensation from the organization, the highest $31,154 (JOSEPH A SCHWARTZ III, PRESIDENT).
- How much revenue does PHYSICIANS RESEARCH INSTITUTE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $25,800, expenses of $56,431 and total assets of $14,472 at year end.
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