AMERICAN SOCIETY FOR PHARMACOLOGY & EXPERIMENTAL THERAPEUTICS

EIN: 586032060 501(c)(3) Health Care

ROCKVILLE, MD

Total Revenue
$5,712,373
Total Expenses
$7,144,205
Total Assets
$30,249,773
Net Assets
$26,618,951
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1933
Legal Domicile
MD
Principal Officer
DAVID JACKSON
Phone
3016347065
Tax Period
2023-01-01 to 2023-12-31

AMERICAN SOCIETY FOR PHARMACOLOGY & EXPERIMENTAL THERAPEUTICS, founded in 1933, is a community nonprofit in the Health Care sector that reported $5.7M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $7.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

THE AMERICAN SOCIETY FOR PHARMACOLOGY AND EXPERIMENTAL THERAPEUTICS (ASPET) IS A 4,000 MEMBER SCIENTIFIC SOCIETY WHOSE MEMBERS CONDUCT BASIC AND CLINICAL PHARMACOLOGICAL RESEARCH AND WORK FOR ACADEMIA, GOVERNMENT, LARGE PHARMACEUTICAL COMPANIES, SMALL BIOTECH COMPANIES, AND NON-PROFIT ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $2,037,723 Revenue: $3,487,135

PUBLICATIONS - THE SOCIETY PUBLISHES SCIENTIFIC AND EDUCATIONAL JOURNALS AND OTHER PUBLICATIONS FOR THE SCIENTIFIC COMMUNITY INCLUDING THE FOLLOWING:JOURNAL OF PHARMACOLOGY AND EXPERIMENTAL...

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PUBLICATIONS - THE SOCIETY PUBLISHES SCIENTIFIC AND EDUCATIONAL JOURNALS AND OTHER PUBLICATIONS FOR THE SCIENTIFIC COMMUNITY INCLUDING THE FOLLOWING:JOURNAL OF PHARMACOLOGY AND EXPERIMENTAL THERAPEUTICS - MONTHLY RESEARCH PUBLICATION COVERING TOPICS INCLUDING THE INTERACTIONS OF CHEMICALS WITH BIOLOGICAL SYSTEMS, INCLUDING AUTONOMIC, BEHAVIORAL, CARDIOVASCULAR, CELLULAR, CLINICAL, DEVELOPMENTAL, GASTROINTESTINAL, IMMUNO-, NEURO-, PULMONARY AND RENAL PHARMACOLOGY, AS WELL AS ANALGESICS, DRUG ABUSE, METABOLISM AND DISPOSITION, CHEMOTHERAPY, AND TOXICOLOGY.PHARMACOLOGICAL REVIEWS - QUARTERLY REVIEW JOURNAL COVERING CONCENTRATIONS IN PHARMACOLOGY, EXPERIMENTAL THERAPEUTICS, TOXICOLOGY, AND CHEMOTHERAPY.MOLECULAR PHARMACOLOGY - MONTHLY PUBLICATION WITH AN EMPHASIS ON RESEARCH OF DRUG ACTION AND SELECTIVE TOXICITY AT THE MOLECULAR LEVEL. ORIGINAL APPLICATIONS OF BIOCHEMISTRY, BIOPHYSICS, GENETICS AND MOLECULAR BIOLOGY ARE COMBINED WITH PHARMACOLOGIC RESEARCH TO SOLVE BASIC PROBLEMS IN PHARMACOLOGY AND TOXICOLOGY.DRUG METABOLISM AND DISPOSITION - MONTHLY PUBLICATION COVERING THE FIELDS OF PHARMACOKINETICS, PHARMACODYNAMICS AND MECHANISMS, GENETIC NUTRITIONAL OR HORMONAL FACTORS AFFECTING THE BIOLOGICAL FATE OF CHEMICALS, AND THE TOXICOLOGICAL CONSEQUENCES OF XENOBIOTIC METABOLISM.THE PHARMACOLOGIST - QUARTERLY PUBLICATION WITH THE PURPOSE OF INFORMING PHARMACOLOGISTS ABOUT SOCIETY AFFAIRS AND OTHER MATTERS OF PROFESSIONAL INTEREST. DISTRIBUTED ELECTRONICALLY TO ASPET MEMBERS AND MAILED TO NONMEMBER SUBSCRIBERS AS WELL AS MEMBERS WHO PAY FOR A PRINT SUBSCRIPTION.

Program 2
Expenses: $1,224,620 Revenue: $422,767

MEETINGS - THE SOCIETY HOSTS AN ANNUAL MEETING EACH YEAR IN A DIFFERENT PART OF THE US PROVIDING A FORUM FOR SCIENTISTS TO COMMUNICATE AND EXCHANGE PHARMACOLOGICAL KNOWLEDGE THROUGH SCIENTIFIC...

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MEETINGS - THE SOCIETY HOSTS AN ANNUAL MEETING EACH YEAR IN A DIFFERENT PART OF THE US PROVIDING A FORUM FOR SCIENTISTS TO COMMUNICATE AND EXCHANGE PHARMACOLOGICAL KNOWLEDGE THROUGH SCIENTIFIC SESSIONS. SMALLER FOCUSED MEETINGS ARE HELD ON AN OCCASIONAL BASIS AS THE NEED ARISES.

Program 3
Expenses: $770,910 Revenue: $0

AWARDS - THE SOCIETY OFFERS THREE TYPES OF AWARDS TO DISTINGUISHED PHARMACOLOGISTS AND TO STUDENTS AND YOUNG SCIENTISTS IN THE FIELD. SCIENTIFIC AWARDS ARE PROVIDED TO RECOGNIZE AND ENCOURAGE...

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AWARDS - THE SOCIETY OFFERS THREE TYPES OF AWARDS TO DISTINGUISHED PHARMACOLOGISTS AND TO STUDENTS AND YOUNG SCIENTISTS IN THE FIELD. SCIENTIFIC AWARDS ARE PROVIDED TO RECOGNIZE AND ENCOURAGE OUTSTANDING RESEARCH BY PROMINENT PHARMACOLOGISTS AND TO STIMULATE FUNDAMENTAL RESEARCH BY YOUNG INVESTIGATORS. BEST POSTER AWARDS ARE PRESENTED TO MEETING ATTENDEES WHO HAVE SUBMITTED AN OUTSTANDING RESEARCH ABSTRACT FOR PRESENTATION AT THE MEETING. TRAVEL AWARDS ARE GRANTED TO STUDENTS AS AN EDUCATIONAL TOOL TO ATTEND SCIENTIFIC MEETINGS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,917
Program Service Revenue $4,259,079
Investment Income $1,405,014
Other Revenue $37,363
TOTAL REVENUE $5,712,373

Expense Breakdown

Grants Paid $369,000
Salaries & Benefits $3,186,162
Fundraising Expenses $0
Program Expenses $5,520,159
Other Expenses $3,589,043
TOTAL EXPENSES $7,144,205

Year-over-Year Comparison

2023 2022 Change
Revenue $5,712,373 $4,463,274 +0.3%
Expenses $7,144,205 $5,114,519 +0.4%
Net Income $-1,431,832 $-651,245 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
8
Employees
22
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$595,446
Total Directors
10
$35,000
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
XINXIN DING SEC/TREAS ELECT, THEN SEC/TREAS 5.00
Officer Director
$35,000 $0 $35,000
MICHAEL L JARVIS PRESIDENT, THEN PAST PRESIDENT 5.00
Officer Director
$0 $0 $0
NAMANDJE BUMPUS PRESIDENT ELECT, THEN PRESIDENT 5.00
Officer Director
$0 $0 $0
MARGARET GNEGY PAST PREDIDENT 5.00
Officer Director
$0 $0 $0
KATHRYN CUNNINGHAM SEC/TREAS, THEN PAST SEC/TREAS 5.00
Officer Director
$0 $0 $0
CAROL BECK PAST SEC/TREAS, THEN PRES ELECT 5.00
Officer Director
$0 $0 $0
PAM HORNBY SEC/TREAS ELECT 5.00
Officer Director
$0 $0 $0
RANDY HALL COUNCILOR 5.00
Director
$0 $0 $0
JOHN TRAYNOR COUNCILOR 5.00
Director
$0 $0 $0
NINA ISOHERRANEN COUNCILOR 5.00
Director
$0 $0 $0
DAVID JACKSON EXECUTIVE OFFICER 40.00
Officer
$305,502 $10,959 $316,461
ROBERT STANLEY CHIEF FINANCIAL OFFICER 40.00
Officer
$203,566 $40,419 $243,985
MELISSA HUSTON MEETINGS DIRECTOR 40.00
Highest
$150,741 $28,675 $179,416
MARIA PASHO JOURNAL DIRECTOR 40.00
Highest
$161,777 $22,365 $184,142
LYNNE HARRIS MARKETING DIRECTOR 40.00
Highest
$152,835 $15,170 $168,005
CATHERINE FRY EDUCATION DIRECTOR 40.00
Highest
$152,636 $33,727 $186,363
CARTER ALLEMAN GOVT AFFAIRS & SCIENCE POL DIRECTOR 40.00
Highest
$146,577 $5,103 $151,680
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,712,373 $7,144,205 $30,249,773 $-1,431,832
2022 $4,463,274 $5,114,519 $29,344,018 $-651,245
2021 $7,613,751 $4,699,167 $33,893,150 $2,914,584
2020 $4,904,674 $4,608,155 $30,160,576 $296,519
2019 $5,562,695 $5,083,355 $27,322,547 $479,340
2018 $5,505,934 $5,134,580 $22,578,825 $371,354
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