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Filing year 2024

PRODUCT LIABILITY ADVISORY COUNCIL INC

Clifton, Virginia·EIN 38-2468925·6
Total revenue
$2M
Total assets
$3.4M
Total expenses
$1.8M
Reported officers
19
Mission

THE PRODUCT LIABILITY ADVISORY COUNCIL ("PLAC") IS A NOT-FOR-PROFIT ASSOCIATION OF PRODUCT MANUFACTURERS, SUPPLIERS, RETAILERS, AND SELECT REGULATORY, LITIGATION AND APPELLATE PROFESSIONALS WHO WORK TO SHAPE THE COMMON LAW OF PRODUCT LIABILITY AND COMPLEX REGULATION, PROVIDE GUIDANCE ON CHANGING REGULATIONS, AND STRATEGICALLY HELP CORPORATIONS MANAGE RISK THROUGHOUT THE ENTIRE PRODUCT LIFECYCLE. PLAC IS A UNIQUE RESOURCE FOR COMPANIES WHO MUST DEFEND THEIR PRODUCTS' INTEGRITY AND THEIR COMPANIES' REPUTATIONS. AS AN ASSOCIATION WE DRAFT INDUSTRY-LEADING AMICUS BRIEFS, DEVELOP UNPARALLELED CONFERENCE AND EDUCATIONAL OFFERINGS, COORDINATE ACTION GROUPS AND DISCUSSION FORUMS, PROVIDE MEMBERS THE OPPORTUNITY TO NETWORK AND ENGAGE WITH THEIR PEERS, AND FACILITATE THE SHARING OF COLLECTIVE WISDOM FROM A VARIETY OF INDUSTRY AREAS.

Executive compensation, broken down

Form 990 · Schedule J · 1 reported individual · Filing year 2024

Executive Director
$410k
$435k
Base
$315k
Bonus
$47k
Other
Benefits
$16k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 18 unpaid individuals.

Up 5%
from 2023

From $390k in 2023 to $410k in 2024.

$390k
2023
$410k
2024
In today's dollarsEst.
Up 2% in real terms$428k to $435k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

PRODUCT LIABILITY ADVISORY COUNCIL INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.7M
$1.6M
2023
$2M
$1.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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