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Nonprofiteer
← APPALACHIAN COLLEGE OF PHARMACY

Form 990 for tax year 2024

Filed by APPALACHIAN COLLEGE OF PHARMACY.

Totals

Total revenue
$5,986,420
Total expenses
$7,740,742
Contributions and grants received
$478,705
Grants paid
$273,278
Program service revenue
$4,695,377
Investment income
$726,381
Other revenue
$85,957
Total assets, end of year
$33,752,786
Total liabilities, end of year
$1,195,801
Net assets or fund balances, end of year
$32,556,985
Program services expenses (Part IX)
$6,123,381
Management and general expenses
$1,617,361
Fundraising expenses
$0
Program service expenses (Part III)
$6,123,381

Program services were 79.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $281,065

  • 1f · All other contributions, gifts and grants

    $197,640

  • 2a · Program service revenue: TUITION AND FEES

    total $4,695,377 · related or exempt $4,695,377

  • 3 · Investment income

    total $637,200 · excluded $637,200

  • 7a · Gross sales of assets other than inventory

    securities $89,181

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $89,181

  • 7d · Net gain or loss

    total $89,181 · excluded $89,181

  • 11a · Other revenue: MISCELLANEOUS

    total $85,957 · related or exempt $85,957

  • 11e · Other revenue, total

    $85,957

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $273,278 · program services $273,278

  • 5 · Compensation of officers, directors and key employees

    total $324,370 · management and general $324,370

  • 7 · Other salaries and wages

    total $3,739,208 · program services $3,241,775 · management and general $497,433

  • 8 · Pension plan contributions

    total $280,735 · program services $248,307 · management and general $32,428

  • 9 · Other employee benefits

    total $459,278 · program services $406,600 · management and general $52,678

  • 10 · Payroll taxes

    total $299,378 · program services $247,067 · management and general $52,311

  • 11b · Fees: legal

    total $7,908 · management and general $7,908

  • 11c · Fees: accounting

    total $24,843 · management and general $24,843

  • 11f · Fees: investment management

    total $54,856 · management and general $54,856

  • 12 · Advertising and promotion

    total $180,165 · program services $177,846 · management and general $2,319

  • 13 · Office expenses

    total $3,855 · program services $2,718 · management and general $1,137

  • 14 · Information technology

    total $163,685 · program services $153,321 · management and general $10,364

  • 16 · Occupancy

    total $186,443 · program services $136,619 · management and general $49,824

  • 17 · Travel

    total $63,679 · program services $44,500 · management and general $19,179

  • 19 · Conferences, conventions and meetings

    total $68,932 · program services $27,025 · management and general $41,907

  • 22 · Depreciation, depletion and amortization

    total $454,481 · program services $386,516 · management and general $67,965

  • 23 · Insurance

    total $102,836 · program services $2,191 · management and general $100,645

  • 24a · Other expenses: CONSULTING

    total $520,275 · program services $352,946 · management and general $167,329

  • 24b · Other expenses: MISCELLANEOUS

    total $249,764 · program services $158,483 · management and general $91,281

  • 24c · Other expenses: BOOKS & PERIODICALS

    total $143,104 · program services $143,038 · management and general $66

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $71,693 · program services $55,432 · management and general $16,261

  • 24e · All other expenses

    total $67,976 · program services $65,719 · management and general $2,257

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,347 · end of year $37,443

  • 2 · Savings and temporary cash investments

    beginning of year $7,897,175 · end of year $5,436,350

  • 3 · Pledges and grants receivable

    beginning of year $4,000,000 · end of year $4,000,000

  • 4 · Accounts receivable

    beginning of year $23,471 · end of year $90,057

  • 9 · Prepaid expenses and deferred charges

    beginning of year $264,279 · end of year $276,473

  • 10a · Land, buildings and equipment: cost or other basis

    $19,309,709

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,793,536

  • 10c · Land, buildings and equipment, net

    beginning of year $11,410,304 · end of year $11,516,173

  • 12 · Investments: other securities

    beginning of year $11,413,895 · end of year $12,396,290

  • 17 · Accounts payable and accrued expenses

    beginning of year $602,161 · end of year $585,604

  • 19 · Deferred revenue

    beginning of year $663,325 · end of year $610,197

  • 27 · Net assets without donor restrictions

    beginning of year $28,645,574 · end of year $28,308,441

  • 28 · Net assets with donor restrictions

    beginning of year $5,131,411 · end of year $4,248,544

Mission and programs · 2024

Mission

THE APPALACHIAN COLLEGE OF PHARMACY, A COLLEGE OF HIGHER EDUCATION CONFERRING THE DOCTOR OF PHARMACY DEGREE, PROVIDES ACADEMIC, SCIENTIFIC, AND PROFESSIONAL PHARMACY EDUCATION TO ADDRESS THE HEALTH-RELATED NEEDS OF RURAL AND UNDER-SERVED COMMUNITIES, PARTICULARLY THOSE IN APPALACHIA, THROUGH EDUCATION, SERVICE, AND SCHOLARSHIP. THE PHILOSOPHY OF THE COLLEGE IS TO CULTIVATE A LEARNING COMMUNITY COMMITTED TO EDUCATION, COMMUNITY OUTREACH, AND THE PROFESSIONAL DEVELOPMENT OF PHARMACISTS.

  • OPERATION OF PHARMACY SCHOOL - SECONDARY EDUCATIONAL INSTITUTION

    Expenses $6,123,381 · Grants $273,278 · Revenue $4,781,334

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LUCIUS ELLSWORTH

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • SCOTT COLE

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • REBECCA THORNBURY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SHERRI RATLIFF

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • J CARROLL BRANHAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUE CANTRELL MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TIM HESS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GINGER ROBERTSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • IDA HARNS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CRAIG HORN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THE HONERABLE PAT JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUSIE MULLINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FRANNIE MINTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DIXIE TOOKE-RAWLINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROGER RIFE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN ROCOVICH JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EURAL VIERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JIM VIERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CRAIG STILTNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MCGLOTHLIN

    PRESIDENT

    Total calculated
    $70,170
    From this org
    $66,938
    From related orgs
    $0
    Other
    $3,232
    Hours/week
    28

  • SUSAN MAYHEW

    DEAN

    Total calculated
    $297,287
    From this org
    $264,529
    From related orgs
    $0
    Other
    $32,758
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,529
    Bonus
    $0
    Other
    $0
    Deferred
    $21,420
    Nontaxable benefits
    $11,338
    Filer's total
    $297,287

  • MARVIN MCGEORGE

    ASSISTANT DEAN

    Total calculated
    $175,310
    From this org
    $152,553
    From related orgs
    $0
    Other
    $22,757
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,553
    Bonus
    $0
    Other
    $0
    Deferred
    $12,180
    Nontaxable benefits
    $10,577
    Filer's total
    $175,310

  • MARCY HENRICK

    ASSSITANT DEAN

    Total calculated
    $171,894
    From this org
    $149,535
    From related orgs
    $0
    Other
    $22,359
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,535
    Bonus
    $0
    Other
    $0
    Deferred
    $12,000
    Nontaxable benefits
    $10,359
    Filer's total
    $171,894

  • CRAIG MULLINS

    DEPARTMENT CHAIR

    Total calculated
    $167,843
    From this org
    $145,535
    From related orgs
    $0
    Other
    $22,308
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $145,535
    Bonus
    $0
    Other
    $0
    Deferred
    $11,760
    Nontaxable benefits
    $10,548
    Filer's total
    $167,843

  • ELSHAMLY ABDELFATTAH

    FACULTY

    Total calculated
    $161,647
    From this org
    $140,020
    From related orgs
    $0
    Other
    $21,627
    Hours/week
    28

    Schedule J breakdown matched by us

    Base
    $140,020
    Bonus
    $0
    Other
    $0
    Deferred
    $11,186
    Nontaxable benefits
    $10,441
    Filer's total
    $161,647

  • JAMES FLORENCE

    DEAN-DRPH

    Total calculated
    $217,233
    From this org
    $200,111
    From related orgs
    $0
    Other
    $17,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,111
    Bonus
    $0
    Other
    $0
    Deferred
    $16,000
    Nontaxable benefits
    $1,122
    Filer's total
    $217,233

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2026
IRS schema version
2024v5.5
Source object
202611319349302926

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