Nonprofit · EIN 93-3838240
TRANSPARENCY-RX CORP
Tax-exempt · ASHBURN, VA 20147
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $615,500 | $702,857 | -$87,357 | $24,476 | $0 | $24,476 |
| December 31, 2023 | 990 | $500,000 | $388,267 | $111,733 | $111,833 | $0 | $111,833 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $615,500
- Membership dues
- $615,500
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $8,000
- Accounting fees
- $2,000
- Occupancy
- $1,195
- Travel
- $20,186
- Program services (functional)
- $609,675
- Management and general (functional)
- $52,345
- Fundraising (functional)
- $40,837
Balance sheet and other
- Total assets, start of year
- $111,833
- Total assets, end of year
- $24,476
- Total liabilities, end of year
- $0
- Net assets, end of year
- $24,476
- Gross receipts
- $615,500
- Employees
- 0
- Year formed
- 2023
- State of legal domicile
- VA
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH SHIELDS | PRESIDENT Trustee or director, Officer | 20 | $0 |
| GREG LYNK | TREASURER Trustee or director, Officer | 1 | $0 |
| KHALID PITTS | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joseph Shields | Managing Director Trustee or director, Officer | 10 | $0 |
| Greg Lynk | Treasurer Trustee or director, Officer | 1 | $0 |
| Khalid Pitts | Secretary Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 20130 LAKEVIEW CENTER PLZ STE 400, ASHBURN, VA 20147-5905
- In care of
- % JOSEPH M SHIELDS
- Principal officer (990 for 2024)
- JOESPH SHIELDS, 20130 LAKEVIEW CENTER PLAZA, Ashburn, VA 20147
- Signed the 990
- JOSEPH SHIELDS, PRESIDENT
- Phone
- (973) 270-7615
- Website
- HTTPS://TRANSPARENCY-RX.COM
- Return prepared by
- H AND R BLOCK
Mission
Accelerate affordable drug pricing and foster positive changes with the prescription drug market and pharmacy supply chain. Promote local, regional and national relationships for the interchange of ideas and dissemination of material related to pharmacy benefit managers, through transparent platforms an affordable drug pricing. Provide educational and professional growth opportunities. Foster positive relations in health care, medicine and the pharmacy benefit and pharmaceutical supply chain.
Program accomplishments
- Issue education and legislation
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not 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
- 93-3838240
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $24,476
- Income (IRS master file)
- $615,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $615,500 | $702,857 | $24,476 | XML |
| 990 | December 2023 | $500,000 | $388,267 | $111,833 | XML |
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 93-3838240).
Questions about TRANSPARENCY-RX CORP
- What is the EIN of TRANSPARENCY-RX CORP?
- The employer identification number (EIN) of TRANSPARENCY-RX CORP is 93-3838240.
- Is TRANSPARENCY-RX CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2025.
- Are donations to TRANSPARENCY-RX CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TRANSPARENCY-RX CORP 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 TRANSPARENCY-RX CORP 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 TRANSPARENCY-RX CORP 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 TRANSPARENCY-RX CORP?
- The 990 for the year ended December 31, 2024 names JOESPH SHIELDS.
- Who are the officers and directors of TRANSPARENCY-RX CORP?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does TRANSPARENCY-RX CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $615,500, expenses of $702,857 and total assets of $24,476 at year end.
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All nonprofits in ASHBURN · Virginia · Community improvement and capacity building