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Filing year 2024

PRODUCT LIABILITY ADVISORY COUNCIL INC

Clifton, Virginia·EIN 38-2468925·501(c)(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 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Director
Above 90th percentile
$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.

Pay for the position

Chief Executive Officer pay rose 5% from 2023 to 2024, while revenue rose 16%.

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

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about PRODUCT LIABILITY ADVISORY COUNCIL INC

What does the Chief Executive Officer of PRODUCT LIABILITY ADVISORY COUNCIL INC earn?

In 2024, the Chief Executive Officer of PRODUCT LIABILITY ADVISORY COUNCIL INC received $409,892 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at PRODUCT LIABILITY ADVISORY COUNCIL INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at PRODUCT LIABILITY ADVISORY COUNCIL INC falls in the top 10%.

What are PRODUCT LIABILITY ADVISORY COUNCIL INC's revenue and expenses?

In 2024, PRODUCT LIABILITY ADVISORY COUNCIL INC reported $2M in total revenue and $1.8M in total expenses on its IRS Form 990.

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