Form 990 for tax year 2022
Filed by APPALACHIAN COLLEGE OF PHARMACY.
Totals
- Total revenue
- $5,403,157
- Total expenses
- $7,665,943
- Contributions and grants received
- $304,590
- Grants paid
- $279,753
- Program service revenue
- $4,785,439
- Investment income
- $179,944
- Other revenue
- $133,184
- Total assets, end of year
- $34,714,347
- Total liabilities, end of year
- $1,153,770
- Net assets or fund balances, end of year
- $33,560,577
- Program services expenses (Part IX)
- $6,081,306
- Management and general expenses
- $1,584,637
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,081,306
Program services were 79.3% 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
$304,590
-
2a · Program service revenue: TUITION AND FEES
total $4,785,439 · related or exempt $4,785,439
-
3 · Investment income
total $412,165 · excluded $412,165
-
7b · Less cost or other basis and sales expenses
securities $232,221
-
7c · Gain or loss
securities -$232,221
-
7d · Net gain or loss
total -$232,221 · excluded -$232,221
-
11a · Other revenue: MISCELLANEOUS
total $133,184 · related or exempt $133,184
-
11e · Other revenue, total
$133,184
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $279,753 · program services $279,753
-
6 · Compensation of disqualified persons
total $396,974 · management and general $396,974
-
7 · Other salaries and wages
total $3,879,059 · program services $3,432,851 · management and general $446,208
-
8 · Pension plan contributions
total $311,795 · program services $255,668 · management and general $56,127
-
9 · Other employee benefits
total $449,025 · program services $392,672 · management and general $56,353
-
10 · Payroll taxes
total $318,718 · program services $262,901 · management and general $55,817
-
11b · Fees: legal
total $8,607 · program services $1,720 · management and general $6,887
-
11c · Fees: accounting
total $40,636 · management and general $40,636
-
11f · Fees: investment management
total $50,588 · management and general $50,588
-
12 · Advertising and promotion
total $136,035 · program services $132,623 · management and general $3,412
-
13 · Office expenses
total $8,725 · program services $4,564 · management and general $4,161
-
14 · Information technology
total $148,049 · program services $129,958 · management and general $18,091
-
16 · Occupancy
total $157,143 · program services $113,699 · management and general $43,444
-
17 · Travel
total $54,420 · program services $31,764 · management and general $22,656
-
19 · Conferences, conventions and meetings
total $60,870 · program services $37,535 · management and general $23,335
-
22 · Depreciation, depletion and amortization
total $461,415 · program services $392,413 · management and general $69,002
-
23 · Insurance
total $87,045 · program services $2,873 · management and general $84,172
-
24a · Other expenses: CONSULTING
total $432,047 · program services $259,303 · management and general $172,744
-
24b · Other expenses: BOOKS & PERIODICALS
total $136,303 · program services $136,303
-
24c · Other expenses: SUPPLIES
total $85,719 · program services $73,216 · management and general $12,503
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $84,289 · program services $68,779 · management and general $15,510
-
24e · All other expenses
total $78,728 · program services $72,711 · management and general $6,017
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $77,588 · end of year $40,618
-
2 · Savings and temporary cash investments
beginning of year $10,335,909 · end of year $8,390,744
-
3 · Pledges and grants receivable
beginning of year $4,000,000 · end of year $4,000,000
-
4 · Accounts receivable
beginning of year $40,084 · end of year $66,759
-
9 · Prepaid expenses and deferred charges
beginning of year $201,480 · end of year $244,041
-
10a · Land, buildings and equipment: cost or other basis
$18,372,999
-
10b · Land, buildings and equipment: accumulated depreciation
$6,878,835
-
10c · Land, buildings and equipment, net
beginning of year $11,626,177 · end of year $11,494,164
-
12 · Investments: other securities
beginning of year $9,914,159 · end of year $10,478,021
-
17 · Accounts payable and accrued expenses
beginning of year $518,852 · end of year $520,162
-
19 · Deferred revenue
beginning of year $398,358 · end of year $621,108
-
23 · Secured mortgages and notes payable
beginning of year $16,100 · end of year $12,500
-
27 · Net assets without donor restrictions
beginning of year $29,554,563 · end of year $28,018,376
-
28 · Net assets with donor restrictions
beginning of year $5,707,524 · end of year $5,542,201
Mission and programs · 2022
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 $6,081,306 · Grants $279,753 · Revenue $4,918,623
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lucius EllsworthLUCIUS ELLSWORTH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sherri DawsonSHERRI DAWSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
J Carroll BranhamJ CARROLL BRANHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Arthur MullinsARTHUR MULLINS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sue Cantrell MDSUE CANTRELL MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott ColeSCOTT COLE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffery AkomJEFFERY AKOM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Craig HornCRAIG HORN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
The Honerable Pat JohnsonTHE HONERABLE PAT JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susie MullinsSUSIE MULLINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Frannie MintonFRANNIE MINTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dixie Tooke-RawlinsDIXIE TOOKE-RAWLINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Roger RifeROGER RIFE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John Rocovich JrJOHN ROCOVICH JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Eural ViersEURAL VIERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jim ViersJIM VIERS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Tim HessTIM HESS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ginger RobertsonGINGER ROBERTSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca ThornburyREBECCA THORNBURY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael McGlothlinMICHAEL MCGLOTHLIN
PRESIDENT
- Total calculated
- $94,859
- From this org
- $92,250
- From related orgs
- $0
- Other
- $2,609
- Hours/week
- 28
-
Susan MayhewSUSAN MAYHEW
DEAN
- Total calculated
- $289,452
- From this org
- $258,225
- From related orgs
- $0
- Other
- $31,227
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $258,225
- Bonus
- $0
- Other
- $0
- Deferred
- $20,910
- Nontaxable benefits
- $10,317
- Filer's total
- $289,452
-
Marvin McGeorgeMARVIN MCGEORGE
ASSISTANT DEAN
- Total calculated
- $170,140
- From this org
- $148,629
- From related orgs
- $0
- Other
- $21,511
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,629
- Bonus
- $0
- Other
- $0
- Deferred
- $11,890
- Nontaxable benefits
- $9,621
- Filer's total
- $170,140
-
Marcy HenrickMARCY HENRICK
ASSSITANT DEAN
- Total calculated
- $161,619
- From this org
- $140,884
- From related orgs
- $0
- Other
- $20,735
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,884
- Bonus
- $0
- Other
- $0
- Deferred
- $11,316
- Nontaxable benefits
- $9,419
- Filer's total
- $161,619
-
Craig MullinsCRAIG MULLINS
DEPARTMENT CHAIR
- Total calculated
- $163,590
- From this org
- $142,511
- From related orgs
- $0
- Other
- $21,079
- Hours/week
- 30
Schedule J breakdown matched by us
- Base
- $142,511
- Bonus
- $0
- Other
- $0
- Deferred
- $11,480
- Nontaxable benefits
- $9,599
- Filer's total
- $163,590
-
Elshamly AbdelfattahELSHAMLY ABDELFATTAH
FACULTY
- Total calculated
- $156,915
- From this org
- $136,500
- From related orgs
- $0
- Other
- $20,415
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,500
- Bonus
- $0
- Other
- $0
- Deferred
- $10,920
- Nontaxable benefits
- $9,495
- Filer's total
- $156,915
-
Holli HarmanHOLLI HARMAN
CFO
- Total calculated
- $152,954
- From this org
- $132,779
- From related orgs
- $0
- Other
- $20,175
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,779
- Bonus
- $0
- Other
- $0
- Deferred
- $10,622
- Nontaxable benefits
- $9,553
- Filer's total
- $152,954
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
- 2022
- Filed
- 14 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420459349302092
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