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Nonprofiteer
← MICHIGAN PHARMACY FOUNDATION

Form 990 for tax year 2022

Filed by MICHIGAN PHARMACY FOUNDATION.

Totals

Total revenue
$50,016
Total expenses
$110,695
Contributions and grants received
$51,154
Grants paid
$24,000
Program service revenue
$0
Investment income
-$2,513
Other revenue
$1,375
Total assets, end of year
$802,836
Total liabilities, end of year
$31,293
Net assets or fund balances, end of year
$771,543
Program services expenses (Part IX)
$90,211
Management and general expenses
$19,303
Fundraising expenses
$1,181
Program service expenses (Part III)
$90,211

Program services were 81.5% 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.

  • 1c · Fundraising events

    $17,856

  • 1f · All other contributions, gifts and grants

    $33,298

  • 3 · Investment income

    total $8,709 · excluded $8,709

  • 7a · Gross sales of assets other than inventory

    securities $69,453

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

    securities $80,675

  • 7c · Gain or loss

    securities -$11,222

  • 7d · Net gain or loss

    total -$11,222 · excluded -$11,222

  • 8a · Fundraising events: gross income

    $21,313

  • 8a · Fundraising events: contributions included on line 1c

    $17,856

  • 8b · Fundraising events: direct expenses

    $21,313

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,375 · related or exempt $1,375

  • 11e · Other revenue, total

    $1,375

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,500 · program services $13,500

  • 2 · Grants to domestic individuals

    total $10,500 · program services $10,500

  • 5 · Compensation of officers, directors and key employees

    total $45,363 · program services $45,363

  • 11a · Fees: management

    total $19,120 · program services $19,120

  • 11c · Fees: accounting

    total $800 · management and general $800

  • 13 · Office expenses

    total $3,910 · program services $1,548 · management and general $1,181 · fundraising $1,181

  • 17 · Travel

    total $128 · program services $128

  • 19 · Conferences, conventions and meetings

    total $17,374 · program services $52 · management and general $17,322

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $108,554 · end of year $64,061

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

    $51,442

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

    $51,442

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $876,509 · end of year $738,775

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,740 · end of year $26,293

  • 19 · Deferred revenue

    beginning of year $12,250 · end of year $5,000

  • 27 · Net assets without donor restrictions

    beginning of year $904,830 · end of year $718,354

  • 28 · Net assets with donor restrictions

    beginning of year $64,243 · end of year $53,189

Mission and programs · 2022

Mission

TO ADVANCE PHARMACY THROUGH EDUCATION, PRACTICE INNOVATION AND RESEARCH FOCUSED ON PATIENT CARE, FOR THE IMPROVEMENT AND PROMOTION OF PUBLIC HEALTH AND PUBLIC EDUCATION.

Activities or mission (Part I)

TO ADVANCE PHARMACY THROUGH EDUCATION, PRACTICE INNOVATION AND RESEARCH FOCUSED ON PATIENT CARE.

  • TO PROVIDE RESEARCH GRANTS, PILOT FUNDS AND STUDENT GRANTS AND TO EDUCATE INTERESTED PARTIES THROUGH CONFERENCES, CONVENTIONS AND MEETINGS.

    Expenses $90,211 · Grants $24,000 · Revenue $1,375

As filed on the 2022 return.

Listed in Part VII

  • JOHN BRUBAKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TERRY GOTTSCHALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANNETTE ROWE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DENISE MARKSTROM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AMY ADAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES VANDER LINDE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GARY KADLEC

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MIKE CROWE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • AMY SMENDIK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROX GATIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER MAKSYM

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARGARET PEGGY MALOVRH

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN ERICKSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MARK GLASPER

    SECRETARY

    Total calculated
    $193,997
    From this org
    $0
    From related orgs
    $176,964
    Other
    $17,033
    Hours/week
    1 + 36.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,964 related
    Bonus
    $0 + $5,000 related
    Other
    $0
    Deferred
    $0 + $7,383 related
    Nontaxable benefits
    $0 + $9,650 related
    Filer's total
    $0 + $193,997 related

  • RICK DRABEK

    EXECUTIVE DIRECTOR (STARTED 3/2022)

    Total calculated
    $39,724
    From this org
    $38,846
    From related orgs
    $0
    Other
    $878
    Hours/week
    21.75

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

None.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
19 September 2023
IRS schema version
2022v5.0
Source object
202322629349300917

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