2011-11-14T15:32:26-05:00 2010-12-31 KPMG LLP 1676 International Drive McLean VA 22102 990 2010-01-01 530241211 Pharmaceutical Research and Manufacturers of America PHAR 2028353400 950 F STREET NW Washington DC 20004 Neal C Comstock 2011-11-11 true 7032868000 2010 2016-02-24 21:20:13Z PHRMA John Castellani 950 F Street NW Washington DC 20004 203879770 false X www.phrma.org X 1958 DE PhRMA's mission is winning advocacy for public policies that encourage the discovery of life-saving and life-enhancing new medicines for patients by pharmaceutical/biotechnology research companies. 30 29 218 2749 0 0 0 351062586 200091030 -611732 3720385 33997 60872 350484851 203872287 18939117 21265241 0 49937389 61737859 0 0 0 272810618 128262486 341687124 211265586 8797727 -7393299 131958981 118727204 57591221 58545607 74367760 60181597 X PHRMA'S MISSION IS WINNING ADVOCACY FOR PUBLIC POLICIES THAT ENCOURAGE THE DISCOVERY OF LIFE-SAVING AND LIFE-ENHANCING NEW MEDICINES FOR PATIENTS BY PHARMACEUTICAL/BIOTECHNOLOGY RESEARCH COMPANIES. false false 0 PUBLIC POLICY ADVOCACY: PHRMA'S MISSION IS TO CONDUCT EFFECTIVE ADVOCACY FOR PUBLIC POLICIES THAT ENCOURAGE DISCOVERY OF IMPORTANT NEW MEDICINES FOR PATIENTS BY PHARMACEUTICAL/BIOTECHNOLOGY 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. 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 AND KEY ISSUE TEAMS, STAFF WORK GROUPS, SECTIONS, TASK FORCES, AND SUBCOMMITTEES. MEMBER COMPANY REPRESENTATIVES ALSO REGULARLY COMMUNICATE WITH PHRMA STAFF. 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. 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501(c)4 2000000 Contrib-General Amyotrophic Lateral Sclerosis Association 27001 Agoura Rd Ste 150 Calabasas Hills CA 91301 133271855 501(c)3 60000 Contrib-Event APEC 2011 USA Host Committee 500 Union St Ste 300 Seattle WA 98101 911648964 501(c)6 125000 Contrib-Event Appalachian Council A Phillip Randolph Educ Fd 501 Leon Sullivan Way Charleston WV 25301 550487053 501(c)3 20000 Contrib-General Arthritis Foundation Airport Office Park 2348 Post Road 104 Warwick RI 02886 060672782 501(c)3 56800 Contrib-General Artists & Athletes Alliance 900 19th Street NW Ste 800 Washington DC 20006 262255679 501(c)3 10000 Contrib-General Aspen Institute PO Box 222 Queenstown MD 21658 840399006 501(c)3 92000 Contrib-General Assoc of California Life & Health Insurance Cos 1201 K St Ste 1820 Sacramento CA 95814 946122439 501(c)6 7500 Contrib-General Asthma and Allergy Foundation of America 8201 Corporate Dr Ste 1000 Landover MD 20785 131691693 501(c)3 6000 Contrib-General Avalon Village 1154 Bismarck Lane 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California Hispanic Chambers of Commerce 770 L St Ste 900 Sacramento CA 95814 371561859 501(c)3 7500 Contrib-General California Independent Voter Project 1215 K Street Suite 1500 Sacramento CA 95814 204842091 501(c)4 13500 Contrib-General California Manufacturers Research & Educ 1115 Eleventh St Sacramento CA 95814 680041614 501(c)3 10000 Contrib-General California Primary Care Association 1215 K Street Ste 700 Sacramento CA 95814 943215565 501(c)3 10000 Contrib-General California State Conference of the NAACP 1215 K St Ste 1609 Sacramento CA 95814 954617376 501(c)3 25000 Contrib-General Canyon Ranch Institute 8600 E Rockcliff Rd Tucson AZ 85750 820566227 501(c)3 20000 Grant-General Capital Area Reach Program 601 Pennsylvania Ave NW Ste 900 South Building Washington DC 20006 265424088 501(c)3 15000 Contrib-General Capital Hospice Attn Philanthropy Office 2900 Telestar Ct Falls Church VA 22042 541920770 501(c)3 25000 Contrib-General Center for Medicine in the Public Interest 308 East 38th Street Ste 201 New York NY 10016 204321812 501(c)3 80000 Contrib-Event Center for Strategic & International Studies 1800 K Street NW Ste 400 Washington DC 20006 521501082 501(c)4 128360 Grant-General Childrens Charities Foundation Inc 3000 K St NW Ste 500 Washington DC 20007 521907059 501(c)3 75000 Contrib-General Childrens Inn at NIH Inc 7 West Drive Bethesda MD 20814 521638207 501(c)3 25000 Contrib-General Childrens National Medical Center 301 Anderson Ave Rockville MD 20850 521640402 501(c)3 10000 Contrib-General Citizens Against Government Waste 1301 Pennsylvania Ave NW Ste 1075 Washington DC 20004 521363952 501(c)3 12000 Contrib-General Citizens for Strength and Security Action Fund 2200 17th Street NW Washington DC 20007 270575325 501(c)4 2500000 Contrib-General Clinton Bush Haiti Fund co William J Clinton Fdn Attn Donations Dept 610 President Clinton Ave Little Rock AR 72201 311580204 501(c)3 8010 Contrib-General Coalition for Common Sense 637 St Ferdinand Street Baton 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20002 522270607 501(c)4 20000 Contrib-Event Congressional Coalition on Adoption Institute 311 Massachusetts Ave NE Washington DC 20002 542035617 501(c)3 10000 Contrib-General Congressional District Foundation Inc 6218 Beachway Dr Falls Church VA 22041 650970090 501(c)3 5500 Contrib-General Congressional Hispanic Caucus Institute 911 2nd Street NE Washington DC 20002 521114225 501(c)3 10000 Contrib-Event Congressional Institute 1001 N Fairfax Street Suite 410 Alexandria VA 22314 521504189 501(c)4 25000 Contrib-General Consortium of Catholic Academies 145 Taylor Street NE Washington DC 20017 522050972 501(c)3 50000 Contrib-General Cool Kids Campaign Foundation Inc 9711 Monroe St Cockeysville MD 21030 421634330 501(c)3 10000 Contrib-Event Council of State Governments 701 East 22nd St Ste 110 Lombard IL 60148 366000818 501(c)3 38500 Contrib-Event Cystic Fibrosis Foundation 1355 S Colorado Blvd Suite 200C Denver CO 80222 131930701 501(c)3 35700 Contrib-General Danny Thompson Memorial Fund PO Box 232 Sun Valley ID 83353 820341683 501(c)3 10000 Contrib-General Darryl Strawberry Foundation 1132 Barleystone Dr St Charles MO 63304 205687559 501(c)3 20000 Contrib-General David A Winston Health Policy Fellowship C/o AuPHA 2000 14th St North Ste 780 Arlington VA 22201 521492039 501(c)3 20000 Contrib-Event Delaware BioScience Association Inc 1 Innovation Way Suite 300 Newark DE 19711 204147195 501(c)6 18900 Contrib-Event Duke University Fuqua School of Business PO Box 90120 Durham NC 27708 560532129 501(c)3 35000 Contrib-General Easter Seals Inc 230 W Monroe Street Suite 1800 Chicago IL 60606 362171729 501(c)3 60000 Contrib-General Empowerment Project Inc 777 E 15th Street Plano TX 75074 752897607 501(c)3 6000 Contrib-General Epilepsy Foundation Northwest 2311 N 45th St Ste 134 Seattle WA 98103 911062461 501(c)3 7500 Contrib-General First Amendment Council 140 E 19th Ave Ste 400 Denver CO 80203 208289233 501(c)6 7500 Contrib-General FIRST Finance 200 Bedford Street Manchester NH 03101 222990908 501(c)3 30000 Contrib-General Food & Friends Inc 219 Riggs Road NE Washington DC 20011 521648941 501(c)3 20675 Contrib-General Fort DuPont Ice Hockey Club 1328 Aspen St NW Washington DC 20012 522123478 501(c)3 15000 Contrib-General Foundation for Biomedical Research 818 Connecticut Ave Ste 900 Washington DC 20006 042746997 501(c)3 150000 Contrib-General Foundation for the National Inst of Health 9650 Rockville Pike Bethesda MD 20814 521986675 501(c)3 1150000 Contrib-General Friends of Cancer Research 2231 Crystal Drive Ste 200 Arlington VA 22202 521983273 501(c)3 100000 Contrib-General Galen Institute Inc PO Box 320010 Alexandria VA 22320 541770524 501(c)3 25000 Contrib-General GCSI Fund for Michigan 4370 Stonemeadow Court Ann Arbor MI 48103 383219776 501(c)4 50000 Contrib-General George Washington University CIEC/ GWU Law School 2000 H Street NW Washington DC 20052 530196584 501(c)3 16000 Contrib-General Georgia Biosciences Organization 1199 Euclid Avenue NE Atlanta GA 30307 273855537 501(c)6 10000 Contrib-General Global Health Council Inc 15 Railroad Row White River Junction VT 05001 521048393 501(c)3 25000 Contrib-Event Global Healthy Living Foundation 515 N Midland Ave Upper Nyack NY 10960 204039120 501(c)3 50000 Contrib-General Governors Cup Foundation Inc 755 Riverpoint Dr West Sacramento CA 95605 800356309 501(c)3 25000 Contrib-Event Greater Beulah Baptist Church Day Care Academy 955 East Polk St Baton Rouge LA 70802 720951409 501(c)3 15000 Contrib-General Greater Des Moines Partnership 700 Locust Street Suite 100 Des Moines IA 50309 421489668 501(c)6 10000 Contrib-General Heartland Institute 19 South LaSalle Street Suite 903 Chicago IL 60603 363309812 501(c)3 20000 Contrib-General Heritage Foundation 214 Massachusetts Ave NE Washington DC 20002 237327730 501(c)3 30000 Contrib-General Hispanic Federation Inc 55 Exchange Pl 5th Floor New York NY 10005 133573852 501(c)3 10000 Contrib-General Hispanic Institute 906 Pennsylvania Avenue SE Washington DC 20003 203819517 501(c)3 75000 Contrib-General Hortons Kids Inc 110 Maryland Ave NE Ste 207 Washington DC 20002 521755403 501(c)3 10000 Contrib-General Hudson Institute 1015 15th Street NW Suite 600 Washington DC 20036 131945157 501(c)3 115000 Grant-General Idaho Governors Cup Scholarship Fund Inc PO Box 983 Boise ID 83701 208277116 501(c)3 6000 Contrib-Event Indiana Sports Corporation dba Youthlinks Indiana 201 South Capitol Avenue Suite 1200 Indianapolis IN 46225 310975117 501(c)3 25000 Contrib-General Information Technology & Innovation Foundation 1101 K St NW Ste 610 Washington DC 20005 204403497 501(c)3 50000 Contrib-General Initiative for Global Development 1215 Fourth Avenue Ste 650 Seattle WA 98161 208003146 501(c)3 10000 Contrib-General Inspire 21 Foundation 900 Des Moines St Des Moines IA 50309 272254698 501(c)6 10000 Contrib-General Institute for Policy Innovation 1660 S Stemmons Freeway Suite 245 Lewisville TX 75067 752158093 501(c)3 30000 Contrib-Event Institute of the Americas 10111 N Torrey Pines Road La Jolla CA 92037 953671557 501(c)3 47200 Grant-General International Judicial Academy 1616 H St NW Suite 204 Washington DC 20006 311618004 501(c)3 150000 Grant-General International Policy Network US Inc 1001 Connecticut Ave NW 1250 Washington DC 20036 522363626 501(c)3 376500 Grant-General Iowa State University Foundation 2505 University Blvd Ames IA 50010 421143702 501(c)3 10000 Contrib-General James E Clyburn Research & Scholarship Foundation 499 S Capitol Street SW St 422 Washington DC 20003 570976265 501(c)3 20000 Contrib-General Keystone Center 1628 Saints John Road Keystone CO 80435 840688506 501(c)3 10000 Contrib-Event Knock Out Abuse Against Women 1050 17th Street NW Ste 1200 Washington DC 20036 541907723 501(c)3 7500 Contrib-General Lab School of Washington 4759 Reservoir Road NW Washington DC 20007 521242900 501(c)3 6000 Contrib-Event Leukemia & Lymphoma Society 5845 Richmond Hwy Ste 800 Alexandria VA 22303 135644916 501(c)3 105925 Contrib-General Life and Breath Foundation 10226 Tarpley Ct Ellicott City MD 21042 522135137 501(c)3 10000 Contrib-General LUNGevity Foundation 435 North LaSalle St Ste 310 Chicago IL 60654 364433410 501(c)3 7500 Contrib-Event Lupus Foundation of Mid and Northern NY Inc PO Box 139 Utica NY 13503 161083229 501(c)3 6000 Contrib-General Make A Wish Foundation of Northeast New York One Mustang Drive Cohoes NY 12047 141703503 501(c)3 10000 Contrib-General Manhattan Institute for Policy Research 52 Vanderbilt Avenue New York NY 10017 132912529 501(c)3 60000 Contrib-General March of Dimes Foundation 2700 South Quincy St Ste 220 Arlington VA 22206 131846366 501(c)3 10000 Contrib-General Medical and Chirurgical Faculty of Maryland 1211 Cathedral St Baltimore MD 21201 520410730 501(c)6 25000 Grant-General Medical University of South Carolina 171 Ashley Ave Ste 300 MSC 403 Charleston SC 29425 576000722 501(c)3 20000 Contrib-General Melanoma Research Alliance 1101 New York Ave NW 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Contrib-Event National Black Nurses Association Inc 8630 Fenton Street Ste 330 Silver Spring MD 20910 237194995 501(c)3 20000 Contrib-Event National Conference of Black Mayors Inc 1151 Cleveland Ave Bldg D East Point GA 30344 237407671 501(c)3 10000 Contrib-Event National Conference of State Legislatures 7700 East First Place Denver CO 80230 742232576 501(c)3 12500 Contrib-General National Consumers League Inc 1701 K St NW Suite 1200 Washington DC 20006 530242038 501(c)3 110000 Contrib-General National Democratic Institute 2030 M Street NW 5th Floor Washington DC 20036 521338892 501(c)3 15000 Contrib-General National Family Caregivers Association 10400 Connecticut Ave Ste 500 Kensington MD 20895 521780405 501(c)3 15000 Contrib-General National Foreign Trade Council 1625 K Street NW Ste 200 Washington DC 20006 135266965 501(c)6 150000 Grant-General National Health Council 1730 M Street NW Ste 500 Washington DC 20036 131624107 501(c)3 303400 Contrib-General National Hispanic Caucus of State Legislators Hall of States Building 444 North Capitol St NW 404 Washington DC 20001 841168319 501(c)3 10000 Contrib-General National Hispanic Medical Association 1411 K Street NW Suite 1100 Washington DC 20005 521884446 501(c)3 45000 Contrib-Event National Italian American Foundation 1860 19th St NW AMB Peter F Secchia Bldg Washington DC 20009 521071723 501(c)3 15000 Contrib-Event National Kidney Foundation 30 East 33rd St New York NY 10016 131673104 501(c)3 8000 Contrib-General National Kidney Foundation of Northern California 131 Steuart St Ste 520 San Francisco CA 94105 946130713 501(c)3 20000 Contrib-General National Lieutenant Governors Association 75 Cavalier Blvd Ste 226 Florence KY 41042 611227811 501(c)3 10000 Contrib-General National Medical Association 1012 10th St NW Washington DC 20001 536010805 501(c)3 35000 Contrib-Event National Minority Aids Council 1931 13 Street NW Washington DC 20009 521578289 501(c)3 20000 Contrib-General National Minority Quality Forum Inc 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10000 Contrib-Event ZIMS Foundation 2129 General Booth Blvd Ste 103 Virginia Beach VA 23454 205461183 501(c)3 10000 Contrib-Event 235 63 US GRANT NARRATIVE SCH I, PART I, LINE 2 DEPENDING ON THE NATURE AND PURPOSE OF THE GRANT, PHRMA MAY REQUIRE THE RECIPIENT OF A GRANT TO SUBMIT PERIODIC REPORTS OR SIMILAR DOCUMENTATION TO VERIFY THAT THE GRANT IS BEING USED APPROPRIATELY FOR THE INTENDED USE. 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X X X X X true true X X X X X false true true John Castellani 527683 0 0 0 3931 0 29244 0 4598 0 565456 0 0 0 Wilbert Tauzin 1105651 0 1173355 0 9238323 0 53108 0 8519 0 11578956 0 0 0 Neal Comstock 432211 0 176000 0 10593 0 52183 0 21316 0 692303 0 0 0 Ardell Persinger 367601 0 85394 0 8007 0 132730 0 14341 0 608073 0 0 0 Christoper Badgley 66373 0 35893 0 930584 0 25475 0 8183 0 1066508 0 0 0 Kenneth Johnson 198657 0 114218 0 801866 0 69394 0 10782 0 1194918 0 0 0 William Lucas 198809 0 40845 0 444412 0 103282 0 8950 0 796298 0 0 0 Steve Tilton 317051 0 182088 0 12001 0 37913 0 17830 0 566883 0 0 0 Ira Wolf 286258 0 3000 0 467085 0 95461 0 4482 0 856286 0 0 0 Diane Bieri 411619 0 204871 0 5584 0 43011 0 9746 0 674831 0 0 0 Jeffrey Bond 345716 0 64688 0 4589 0 81812 0 21551 0 518356 0 0 0 James Bryant Hall 415012 0 356583 0 4373 0 46422 0 15688 0 838078 0 0 0 Hugh W Metheny 397815 0 230059 0 13823 0 48459 0 17208 0 707364 0 0 0 Mimi Simoneaux Kneuer 188543 0 215784 0 1028063 0 22863 0 6429 0 1461681 0 0 0 Christopher Singer 507241 0 152008 0 13865 0 68898 0 27120 0 769131 0 0 0 Richard Smith 395798 0 238840 0 11545 0 76104 0 19830 0 742117 0 0 0 David Wheadon 414967 0 102500 0 28516 0 67778 0 16977 0 630737 0 0 0 Brian Toohey 194193 0 79825 0 35769 0 30233 0 3646 0 343666 0 0 0 Chester Davis 80820 0 200000 0 92066 0 19293 0 2190 0 394369 0 0 0 SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN SCHEDULE J, PART I, LINES 4B AND 4C PHRMA SPONSORS A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. THERE WERE NO AMOUNTS PAID UNDER THE PLAN IN 2010. THE INDIVIDUALS ELIGIBLE FOR THE PLAN AS OF DECEMBER 31, 2010 WERE AS FOLLOWS: BIERI, DIANE NONE BOND, JEFFREY NONE CASTELLANI, JOHN NONE COMSTOCK, NEAL NONE DAVIS, CHESTER NONE METHENY, HUGH NONE PERSINGER, ARDELL NONE SMITH, RICHARD NONE WHEADON, DAVID NONE Ira Wolf Japan Repr '09 tax equalization X 49885 49885 false false true 49885 Wilbert TauzinTauzin Strategic Net Former President/CEO 368430 Consulting Services false CONFLICT OF INTEREST OF POLICY PART VI, SECTION B, LINE 12C PHRMA'S CONFLICT OF INTEREST POLICY (POLICY) REQUIRES ALL EMPLOYEES TO PROMPTLY DISCLOSE ANY FACT OR CIRCUMSTANCE THAT MAY INVOLVE A CONFLICT OF INTEREST TO THE EMPLOYEE'S SUPERVISOR OR THE LEGAL DEPARTMENT BEFORE STARTING AN ACTIVITY OR ACQUIRING AN INTEREST WHICH MAY BE QUESTIONABLE. THE POLICY IDENTIFIES SPECIFIC SITUATIONS WHICH MUST BE DISCLOSED BECAUSE A CONFLICT OF INTEREST COULD EXIST. EMPLOYEES ARE DIRECTED TO CONTACT PERSONNEL IN THE LEGAL DEPARTMENT OR FINANCE AND OPERATIONS DEPARTMENT WITH ANY QUESTIONS ABOUT A POSSIBLE CONFLICT OF INTEREST. OFFICERS AND KEY EMPLOYEES MUST COMPLETE AN ANNUAL CERTIFICATION THAT REQUIRES THEM TO CERTIFY THEIR DUTY TO COMPLY WITH THE POLICY AND TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST. MEMBERS OF PHRMA'S BOARD OF DIRECTORS ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY WITH RESPECT TO MEMBERS OF THE BOARD OF DIRECTORS (DIRECTORS POLICY). THE DIRECTORS POLICY REQUIRES MEMBERS OF THE BOARD OF DIRECTORS TO DISCLOSE THE EXISTENCE OR POSSIBLE EXISTENCE OF ANY CONFLICT OF INTEREST TO THE BOARD OF DIRECTORS AND MEMBERS OF COMMITTEES OF THE BOARD OF DIRECTORS CONSIDERING THE PROPOSED MATTER GIVING RISE, OR RELATING, TO SUCH EXISTING OR POSSIBLE CONFLICT OF INTEREST. THE REMAINING BOARD OF DIRECTORS OR COMMITTEE MEMBERS DETERMINE IF A CONFLICT OF INTEREST EXISTS WITH RESPECT TO THE DIRECTOR WHO MADE THE DISCLOSURE. IF A CONFLICT OF INTEREST IS FOUND TO EXIST, THE INTERESTED DIRECTOR IS BARRED FROM PARTICIPATING IN A MEETING OR ANY RELATED DELIBERATIONS DISCUSSING OR WITH RESPECT TO THE MATTER GIVING RISE TO THE CONFLICT OF INTEREST, RECEIVING ANY COMMUNICATIONS REGARDING SUCH MATTER, AND PARTICIPATING IN OR BEING PRESENT FOR A VOTE ON SUCH MATTER. EACH BOARD MEMBER MUST SIGN AN ANNUAL ACKNOWLEDGEMENT WITH RESPECT TO COMPLIANCE WITH THE DIRECTORS POLICY. FORM 990 REVIEW PROCESS PART VI, SECTION B, LINE 11A PHRMA'S FORM 990 IS PREPARED BY KPMG LLP AND IS REVIEWED INTERNALLY BY KEY FINANCIAL MANAGEMENT, THE CFO AND INTERNAL LEGAL COUNSEL. A COPY OF THE FORM 990 IS PROVIDED TO THE FINANCE AND AUDIT COMMITTEE (A SUBCOMMITTEE OF THE BOARD OF DIRECTORS) PRIOR TO FILING. THE BOARD OF DIRECTORS IS ADVISED THAT THE FORM 990 HAS BEEN FILED AND THAT IT IS AVAILABLE UPON REQUEST. COMPENSATION REVIEW PART VI, SECTION B, LINE 15 EACH EXECUTIVE'S PERFORMANCE IS ASSESSED ANNUALLY AGAINST SPECIFIC PERFORMANCE OBJECTIVES AND ORGANIZATION VALUES. SENIOR LEADERSHIP, INCLUDING THE PRESIDENT/CEO, REVIEW THESE EVALUATIONS AND MAKE RECOMMENDATIONS FOR ANY COMPENSATION ADJUSTMENTS, INCLUDING MERIT INCREASES AND BONUS APPROPRIATE TO PERFORMANCE AND WITHIN AVAILABLE BUDGET. THESE RECOMMENDATIONS ARE REVIEWED WITH AND APPROVED BY THE NOMINATIONS AND COMPENSATION COMMITTEE OF THE PHRMA BOARD. HUMAN RESOURCES REVIEWS ALL SALARY ADJUSTMENTS TO ASSURE SALARIES REMAIN WITHIN A REASONABLE RANGE COMPARED TO MARKET BENCHMARKS. PRESIDENT/CEO COMPENSATION IS ESTABLISHED BY PHRMA'S BOARD OF DIRECTORS, WITH RECOMMENDATION BY THE NOMINATIONS AND COMPENSATION COMMITTEE. THE NOMINATIONS AND COMPENSATION COMMITTEE REVIEWS AND APPROVES THE PRESIDENT/CEO'S ANNUAL COMPENSATION ADJUSTMENTS AND BONUS, BASED ON PERFORMANCE TO ANNUAL OBJECTIVES. PHRMA ENGAGES AN INDEPENDENT CONSULTANT TO ADVISE ON EXECUTIVE COMPENSATION, INCLUDING THAT OF THE PRESIDENT/CEO. GOVERNING DOCUMENTS PART VI, SECTION C, LINE 19 PHRMA DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ORGANIZATIONAL MEMBERS PART VI, SECTION A, LINE 6,7A & 7B THE AFFAIRS OF THE ASSOCIATION ARE MANAGED BY A BOARD THAT IS ELECTED BY THE MEMBERS AT EACH REGULAR ANNUAL MEETING, UPON RECOMMENDATION OF THE NOMINATING COMMITTEE AND PRIOR APPROVAL THEREOF BY THE BOARD. THE BOARD'S RECOMMENDATION FOR BOARD MEMBERS AND OFFICERS ARE SUBJECT TO THE APPROVAL OF THE MEMBERS. CHANGES IN GOVERNING DOCUMENTS PART VI, SECTION A, LINE 4 IN 2010, THE BOARD OF DIRECTORS APPROVED SEVERAL CHANGES TO PHRMA'S BYLAWS. THE BOARD APPROVED CHANGES TO THE MEMBERSHIP STRUCTURE OF PHRMA, ELIMINATING THE CATEGORIES OF AFFILIATE AND ASSOCIATE MEMBERS. IN ADDITION, THE BOARD ELIMINATED THE REQUIREMENT THAT THE BOARD EACH YEAR RECONFIRM THE MEMBERS OF THE NOMINATIONS AND COMPENSATION COMMITTEE AND THE FINANCE AND AUDIT COMMITTEE. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 CHANGES IN PENSION & POST RETIREMENT NOT IN NET PERIODIC BENEFIT COST $6,240,414 UNREALIZED LOSSES 552,450 TOTAL OTHER CHANGES $6,792,864 PHRMA Foundation 950 F STREET NW Washington DC 20004 526063006 GRANT FUNDING DC 501(C)(3) 7 NA PHRMA PAC 1127 11TH STREET SUITE 300 SACRAMENTO CA 95814 204447742 POLITICAL CA NA PHRMA INDEPENDENT EXPENDITURE COMMITTEE 1127 11TH STREET SUITE 300 SACRAMENTO CA 95814 900239652 POLITICAL CA NA PHRMA RI PAC 125 WASHINGTON STREET UNIT 1 FOXBORO MA 02035 205127823 POLITICAL RI NA PHRMA COLORADO ACTION FUND 1740 BROADWAY DENVER CO 80274 205123531 POLITICAL CO NA PHRMA BETTER GOVERNMENT COMMITTEE 950 F STREET WASHINGTON DC 20004 521606127 POLITICAL DC NA PHRMA CALIFORNIA INSTITUTIVE FUND 1127 IITH STREET SUITE 300 SACRAMENTO CA 95814 000000000 POLITICAL CA NA PhRMA Index Fund 950 F St NW Washington DC 20004 061586001 Investment Plan DE NA Investment 148683 0 false true 0.99870 true false false false false false false false false false true false true true false false true true PhRMA Index Fund - Dividend income a 148683 PhRMA Index Fund - Partner Distribution r 3919013