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← AMERICAN ASSOCIATION OF COLLEGES OF PHARMACY

Form 990 for tax year 2024

Filed by AMERICAN ASSOCIATION OF COLLEGES OF PHARMACY.

Totals

Total revenue
$11,957,546
Total expenses
$13,128,468
Contributions and grants received
$615,315
Grants paid
$479,167
Program service revenue
$10,518,687
Investment income
$516,937
Other revenue
$306,607
Total assets, end of year
$13,650,560
Total liabilities, end of year
$7,927,198
Net assets or fund balances, end of year
$5,723,362
Program services expenses (Part IX)
$10,128,798
Management and general expenses
$2,999,670
Fundraising expenses
$0
Program service expenses (Part III)
$10,128,798

Program services were 77.2% 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.

  • 1f · All other contributions, gifts and grants

    $615,315

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $4,456,134 · related or exempt $4,456,134

  • 2b · Program service revenue: PHARMCAS APPLICATION FEES

    total $3,405,504 · related or exempt $3,405,504

  • 2c · Program service revenue: MEETING REG. & EXHIBIT FEES

    total $2,562,755 · related or exempt $2,562,755

  • 2d · Program service revenue: PUBLICATION SALES

    total $94,294 · related or exempt $94,294

  • 3 · Investment income

    total $353,446 · excluded $353,446

  • 6a · Gross rents

    real property $66,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $66,000

  • 6d · Net rental income or loss

    total $66,000 · excluded $66,000

  • 7a · Gross sales of assets other than inventory

    securities $1,874,123

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

    securities $1,710,632

  • 7c · Gain or loss

    securities $163,491

  • 7d · Net gain or loss

    total $163,491 · excluded $163,491

  • 11a · Other revenue: OTHER REVENUE

    total $240,607 · excluded $240,607

  • 11e · Other revenue, total

    $240,607

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $455,000 · program services $455,000

  • 2 · Grants to domestic individuals

    total $24,167 · program services $24,167

  • 5 · Compensation of officers, directors and key employees

    total $1,370,867 · program services $664,237 · management and general $706,630

  • 7 · Other salaries and wages

    total $3,207,310 · program services $2,379,528 · management and general $827,782

  • 8 · Pension plan contributions

    total $234,714 · program services $172,447 · management and general $62,267

  • 9 · Other employee benefits

    total $340,749 · program services $238,389 · management and general $102,360

  • 10 · Payroll taxes

    total $306,063 · program services $206,044 · management and general $100,019

  • 11b · Fees: legal

    total $65,946 · management and general $65,946

  • 11c · Fees: accounting

    total $36,592 · program services $24,634 · management and general $11,958

  • 11f · Fees: investment management

    total $44,902 · management and general $44,902

  • 11g · Fees: other

    total $3,649,775 · program services $3,163,143 · management and general $486,632

  • 13 · Office expenses

    total $606,260 · program services $583,677 · management and general $22,583

  • 14 · Information technology

    total $77,994 · program services $77,994

  • 16 · Occupancy

    total $494,004 · program services $332,567 · management and general $161,437

  • 17 · Travel

    total $357,455 · program services $300,853 · management and general $56,602

  • 19 · Conferences, conventions and meetings

    total $1,301,949 · program services $1,293,567 · management and general $8,382

  • 22 · Depreciation, depletion and amortization

    total $57,074 · program services $38,423 · management and general $18,651

  • 23 · Insurance

    total $35,889 · program services $24,161 · management and general $11,728

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $271,325 · program services $56,791 · management and general $214,534

  • 24b · Other expenses: E-PROCESSING FEES

    total $173,475 · program services $89,703 · management and general $83,772

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $11,799 · management and general $11,799

  • 24d · Other expenses: TAXES AND LICENSES

    total $5,159 · program services $3,473 · management and general $1,686

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $505,263 · end of year $741,985

  • 2 · Savings and temporary cash investments

    beginning of year $1,250,581 · end of year $1,308,694

  • 4 · Accounts receivable

    beginning of year $22,878 · end of year $23,677

  • 9 · Prepaid expenses and deferred charges

    beginning of year $408,907 · end of year $174,085

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

    $1,874,735

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

    $1,780,176

  • 10c · Land, buildings and equipment, net

    beginning of year $149,086 · end of year $94,559

  • 11 · Investments: publicly traded securities

    beginning of year $10,269,894 · end of year $9,713,904

  • 15 · Other assets

    beginning of year $1,972,237 · end of year $1,593,656

  • 17 · Accounts payable and accrued expenses

    beginning of year $787,291 · end of year $703,993

  • 19 · Deferred revenue

    beginning of year $4,839,058 · end of year $5,026,529

  • 25 · Other liabilities

    beginning of year $2,645,595 · end of year $2,196,676

  • 27 · Net assets without donor restrictions

    beginning of year $5,453,155 · end of year $5,264,409

  • 28 · Net assets with donor restrictions

    beginning of year $853,747 · end of year $458,953

Mission and programs · 2024

Mission

ADVANCE PHARMACY EDUCATION, RESEARCH, SCHOLARSHIP, PRACTICE AND SERVICE, IN PARTNERSHIP WITH MEMBERS AND STAKEHOLDERS, TO IMPROVE HEALTH FOR ALL.

Activities or mission (Part I)

ADVANCE PHARMACY EDUCATION, RESEARCH, SCHOLARSHIP, PRACTICE AND SERVICE.

  • MEETINGS: AMERICAN ASSOCIATION OF COLLEGES OF PHARMACY'S (THE ASSOCIATION) MEMBER-DIRECTED PROGRAMMING PROVIDES PHARMACY EDUCATORS WITH OPPORTUNITIES TO NETWORK WITH PEERS AT THE ASSOCIATION'S ANNUAL, INTERIM AND OTHER MEETINGS FOR THE PURPOSE OF ENRICHMENT, PROFESSIONAL GROWTH AND DEVELOPMENT. THE ASSOCIATION'S ANNUAL MEETING IS THE LARGEST GATHERING OF ACADEMIC PHARMACY ADMINISTRATORS, FACULTY AND STAFF AND OFFERS MORE THAN 75 EDUCATIONAL PROGRAMS THAT CUT ACROSS ALL DISCIPLINES. THE ASSOCIATION ALSO HOLDS OTHER SPECIALIZED MEETINGS ON TOPICS RELATED TO PROFESSIONAL EDUCATION, LEADERSHIP AND CURRICULAR DEVELOPMENT.

    Expenses $2,688,548 · Revenue $2,562,755

  • PHARMCAS: THE PHARMACY COLLEGE APPLICATION SERVICE (PHARMCAS) IS A CENTRALIZED APPLICATION SERVICE THAT IS USED BY THE MAJORITY OF THE COLLEGES AND SCHOOLS OF PHARMACY. DESIGNED FOR FIRST YEAR PROFESSIONAL PHARMACY DEGREE APPLICANTS, PHARMCAS OFFERS A SIMPLE, EFFICIENT PROCESS TO APPLY TO MULTIPLE COLLEGES AND SCHOOLS OF PHARMACY USING A SINGLE WEBBASED APPLICATION. THIS PROGRAM ASSISTS MEMBER SCHOOLS BY HELPING MEET THEIR MISSION OF EDUCATING AND TRAINING PHARMACISTS.

    Expenses $2,499,953 · Revenue $3,405,504

  • MEMBER SERVICES: THE ASSOCIATION OFFERS UNIQUE BENEFITS, SERVICES, AND OPPORTUNITIES FOR INSTITUTIONAL AND INDIVIDUAL MEMBERS WITH CHALLENGING AND RELEVANT EDUCATIONAL PROGRAMMING, ADVOCACY EFFORTS, PUBLICATIONS, AND PARTNERSHIP INITIATIVES DESIGNED TO PROVIDE OPPORTUNITIES TO PHARMACY PROFESSIONALS AT EVERY STAGE OF THEIR DEVELOPMENT. THE ASSOCIATION'S CORE IDEOLOGY - TO PROVIDE LEADERSHIP IN ADVANCING THE QUALITY OF PHARMACY EDUCATION AT ALL LEVELS - IS REFLECTED IN THE TEACHING, RESEARCH, AND SERVICE ACTIVITIES THAT TAKE PLACE WITHIN AND OUTSIDE OUR NATION'S COLLEGES AND SCHOOLS OF PHARMACY. THE ASSOCIATION SEEKS TO PROVIDE LEADERSHIP IN ADVANCING AND ENHANCING THE QUALITY OF EDUCATION AND TRAINING IN ITS MEMBER INSTITUTIONS.

    Expenses $1,249,139 · Grants $3,695 · Revenue $4,456,134

  • EDUCATION SCHOLAR AND OTHER PROGRAMS

    Expenses $3,691,158 · Grants $475,472 · Revenue $94,294

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

Listed in Part VII

  • Anandi V Law

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Robin Zavod

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    1

  • Craig D Cox

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • David Holdford

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Gloria Grice

    SPEAKER OF THE HOUSE

    Total calculated
    $0
    Hours/week
    1

  • Jennifer L Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy J Bloom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rucha Bond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Cain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer M Hookstra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katherine A Kelley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George E MacKinnon III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ana C Quinones-Boex

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walter T Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lee C Vermeulen Jr

    EVP & CEO

    Total calculated
    $352,135
    From this org
    $351,300
    From related orgs
    $0
    Other
    $835
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $350,784
    Bonus
    $0
    Other
    $516
    Deferred
    $0
    Nontaxable benefits
    $835
    Filer's total
    $352,135

  • Subramanyam Ramamurthy

    SR. VP, CFO

    Total calculated
    $297,422
    From this org
    $253,058
    From related orgs
    $0
    Other
    $44,364
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $241,722
    Bonus
    $0
    Other
    $11,336
    Deferred
    $27,367
    Nontaxable benefits
    $16,997
    Filer's total
    $297,422

  • Lynette Bradley-Baker

    SR. VP, CHIEF ENGAGEMENT OFFICER

    Total calculated
    $305,708
    From this org
    $253,073
    From related orgs
    $0
    Other
    $52,635
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $252,557
    Bonus
    $0
    Other
    $516
    Deferred
    $29,001
    Nontaxable benefits
    $23,634
    Filer's total
    $305,708

  • Kelly Ragucci

    SR. VP, CAO

    Total calculated
    $260,245
    From this org
    $219,336
    From related orgs
    $0
    Other
    $40,909
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $213,060
    Bonus
    $0
    Other
    $6,276
    Deferred
    $23,912
    Nontaxable benefits
    $16,997
    Filer's total
    $260,245

  • Terri S Moore

    VP, CHIEF STRATEGY&DIVERSITY OFFICER

    Total calculated
    $236,381
    From this org
    $203,618
    From related orgs
    $0
    Other
    $32,763
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $202,444
    Bonus
    $0
    Other
    $1,174
    Deferred
    $22,220
    Nontaxable benefits
    $10,543
    Filer's total
    $236,381

  • Sarah P Shrader

    SR. DIRECTOR OF AP & PD

    Total calculated
    $200,813
    From this org
    $171,330
    From related orgs
    $0
    Other
    $29,483
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $171,150
    Bonus
    $0
    Other
    $180
    Deferred
    $18,887
    Nontaxable benefits
    $10,596
    Filer's total
    $200,813

  • Michelle Assa-Eley

    SR. DIRECTOR OF EDUCATION

    Total calculated
    $180,321
    From this org
    $161,822
    From related orgs
    $0
    Other
    $18,499
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $161,306
    Bonus
    $0
    Other
    $516
    Deferred
    $17,687
    Nontaxable benefits
    $812
    Filer's total
    $180,321

  • Dorothy F Farrell

    SR. DIRECTOR OF SCIENCE POLICY, CSO

    Total calculated
    $192,294
    From this org
    $151,173
    From related orgs
    $0
    Other
    $41,121
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $150,897
    Bonus
    $0
    Other
    $276
    Deferred
    $17,514
    Nontaxable benefits
    $23,607
    Filer's total
    $192,294

  • Maureen O Thielemans

    SENIOR DIRECTOR OF COMMUNICATIONS

    Total calculated
    $162,192
    From this org
    $129,832
    From related orgs
    $0
    Other
    $32,360
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $129,712
    Bonus
    $0
    Other
    $120
    Deferred
    $15,554
    Nontaxable benefits
    $16,806
    Filer's total
    $162,192

  • Christopher J Desimone

    CHIEF OF STAFF

    Total calculated
    $141,939
    From this org
    $131,425
    From related orgs
    $0
    Other
    $10,514
    Hours/week
    37.5

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 · Written employment contract
  • 3 · Compensation survey or study
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
25 February 2026
IRS schema version
2024v5.5
Source object
202610569349301851

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