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Nonprofiteer
← WISCONSIN PHARMACY FOUNDATION INC

Form 990 for tax year 2023

Filed by WISCONSIN PHARMACY FOUNDATION INC.

Totals

Total revenue
$277,652
Total expenses
$347,029
Contributions and grants received
$215,838
Grants paid
$11,641
Program service revenue
$0
Investment income
$47,960
Other revenue
$13,854
Total assets, end of year
$1,543,023
Total liabilities, end of year
$30,953
Net assets or fund balances, end of year
$1,512,070
Program services expenses (Part IX)
$230,881
Management and general expenses
$116,046
Fundraising expenses
$102
Program service expenses (Part III)
$230,881

Program services were 66.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MIKE GILLARD

    OFFICER

    Total calculated
    $0
    Hours/week
    0.7

  • MATTHEW MABIE

    CHAIR

    Total calculated
    $0
    Hours/week
    0.7

  • MELISSA THEESFELD

    OFFICER

    Total calculated
    $0
    Hours/week
    0.7

  • STEVE ROUGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7

  • DEAN GRUBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7

  • RUSSELL JENSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7

  • LYNNAE MAHANEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7

  • SARAH SORUM

    SECRETARY-TREASURER

    Total calculated
    $360,567
    From this org
    $0
    From related orgs
    $327,326
    Other
    $33,241
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,421 related
    Bonus
    $0 + $28,570 related
    Other
    $0 + $118,335 related
    Deferred
    $0 + $19,381 related
    Nontaxable benefits
    $0 + $13,860 related
    Filer's total
    $0 + $360,567 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE INDEPENDENT MEMBERSHIP OF THE BOARD OF DIRECTORS OF PHARMACY SOCIETY OF WISCONSIN ANNUALLY CONDUCTS A PERFORMANCE REVIEW OF THE EXECUTIVE VICE PRESIDENT & CEO. THE EXECUTIVE VICE PRESIDENT & CEO'S COMPENSATION IS REVIEWED AND COMPARED TO PUBLIC INFORMATION ABOUT COMPENSATION IN POSITIONS AT SIMILAR ORGANIZATIONS. THE PSW BOARD APPROVES COMPENSATION FOR THE EXECUTIVE VICE PRESIDENT & CEO WITH AN OFFICIAL VOTE WITH DISCUSSION AND RESULTS RECORDED IN MINUTES.
PART I, LINE 4B
SARAH SORUM, RECEIVED A FULL PAYOUT FROM PHARMACY SOCIETY OF WISCONSIN, INC. OF $100,000 FROM HER 457(F) PLAN.

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.

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
2023
Filed
17 October 2024
IRS schema version
2023v5.1
Source object
202422959349301967

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