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Nonprofiteer
← AMERICAN FOUNDATION FOR PHARMACEUTICAL EDUCATION

Form 990 for tax year 2024

Filed by AMERICAN FOUNDATION FOR PHARMACEUTICAL EDUCATION.

Totals

Total revenue
$642,222
Total expenses
$812,418
Contributions and grants received
$275,696
Grants paid
$283,138
Program service revenue
$0
Investment income
$351,670
Other revenue
$14,856
Total assets, end of year
$11,320,542
Total liabilities, end of year
$125,066
Net assets or fund balances, end of year
$11,195,476
Program services expenses (Part IX)
$641,188
Management and general expenses
$112,765
Fundraising expenses
$58,465
Program service expenses (Part III)
$641,188

Program services were 78.9% 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

    $275,696

  • 1g · Noncash contributions included above

    $7,368

  • 3 · Investment income

    total $301,138 · excluded $301,138

  • 7a · Gross sales of assets other than inventory

    securities $793,031

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

    securities $742,499

  • 7c · Gain or loss

    securities $50,532

  • 7d · Net gain or loss

    total $50,532 · excluded $50,532

  • 11a · Other revenue: Grant refunds

    total $14,856 · excluded $14,856

  • 11e · Other revenue, total

    $14,856

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,888 · program services $30,888

  • 2 · Grants to domestic individuals

    total $252,250 · program services $252,250

  • 5 · Compensation of officers, directors and key employees

    total $289,335 · program services $240,147 · management and general $19,589 · fundraising $29,599

  • 7 · Other salaries and wages

    total $78,518 · program services $65,169 · management and general $5,315 · fundraising $8,034

  • 8 · Pension plan contributions

    total $15,109 · program services $12,541 · management and general $1,023 · fundraising $1,545

  • 9 · Other employee benefits

    total $8,187 · program services $6,796 · management and general $554 · fundraising $837

  • 10 · Payroll taxes

    total $19,691 · program services $16,344 · management and general $1,333 · fundraising $2,014

  • 11c · Fees: accounting

    total $29,869 · management and general $25,738 · fundraising $4,131

  • 11f · Fees: investment management

    total $53,230 · management and general $53,230

  • 13 · Office expenses

    total $5,116 · program services $865 · management and general $4,084 · fundraising $167

  • 14 · Information technology

    total $12,618 · program services $10,599 · management and general $704 · fundraising $1,315

  • 16 · Occupancy

    total $1,687 · program services $1,399 · management and general $144 · fundraising $144

  • 17 · Travel

    total $50 · program services $50

  • 19 · Conferences, conventions and meetings

    total $3,443 · program services $3,177 · fundraising $266

  • 22 · Depreciation, depletion and amortization

    total $212 · management and general $212

  • 23 · Insurance

    total $2,518 · program services $840 · management and general $839 · fundraising $839

  • 24a · Other expenses: Charitable registration

    total $9,574 · fundraising $9,574

  • 24b · Other expenses: Grant/award expenses

    total $123 · program services $123

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $307,649 · end of year $285,721

  • 2 · Savings and temporary cash investments

    beginning of year $53,034 · end of year $54,744

  • 3 · Pledges and grants receivable

    beginning of year $51,500 · end of year $51,100

  • 9 · Prepaid expenses and deferred charges

    beginning of year $300 · end of year $841

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

    $12,765

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

    $12,023

  • 10c · Land, buildings and equipment, net

    beginning of year $954 · end of year $742

  • 11 · Investments: publicly traded securities

    beginning of year $10,297,208 · end of year $10,920,469

  • 15 · Other assets

    beginning of year $0 · end of year $6,925

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,386 · end of year $8,141

  • 18 · Grants payable

    beginning of year $108,750 · end of year $110,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $6,925

  • 27 · Net assets without donor restrictions

    beginning of year $8,856,778 · end of year $9,291,545

  • 28 · Net assets with donor restrictions

    beginning of year $1,739,731 · end of year $1,903,931

Mission and programs · 2024

Mission

To advance and support pharmaceutical sciences education at U.S. schools and colleges. See Schedule O for full mission.

Activities or mission (Part I)

Advance & support pharmaceutical sciences education at U.S. schools and colleges of pharmacy.

  • Pre-Doctoral Fellowship: To encourage outstanding pre-doctoral students, who have completed at least three semesters of graduate study and have not more than three and a half years remaining, to continue their studies and earn the Ph.D. in the pharmaceutical sciences at a U.S. school or college of pharmacy. Applications are encouraged from students with the following majors: Clinical Pharmaceutical Science, Medicinal/Pharmaceutical Chemistry, Pharmaceutical Sciences, Pharmaceutics, Pharmacoeconomics & Health Outcomes Research, Pharmacognosy, Pharmacokinetics/Metabolism, Pharmacology/Toxicology, Pharmacotherapy & Experimental Therapeutics, Social & Administrative, Pharmacogenomics/Informatics and Biomedical/Neural. See Schedule O for continuation.

    Expenses $461,408 · Grants $203,750

  • AFPE Gateway to Research Awards: The purpose of the AFPE Gateway Research Scholarship is to provide pre-professional degree pharmacy students or baccalaureate degree students a scholarship supporting their participation in a faculty-mentored research project. The program teaches students to learn to identify relevant research problems; generate a research hypothesis; analyze data, how to interpret and use research results in practice; learn to effectively communicate the research and clinical data to medical professionals, patients, caregivers and peers; develop problem solving skills; sharpen critical thinking skills; understand regulatory and ethical principles that impact the research; and work as part of a team. See Schedule O for continuation.

    Expenses $79,260 · Grants $35,000

  • Other Awards: AACP Social and Administrative Sciences (SAS) Section Summer Research Exchange Mentorship Program: The SAS Research Exchange Mentorship Program is intended to foster interest in research and SAS-related graduate education among student pharmacists. The program is open to P1-P3 students, who complete a research experience with a SAS faculty member outside their home institution, building their professional network and skills for residency, fellowship, and further graduate studies.See Schedule O for continuation.

    Expenses $100,520 · Grants $44,388

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

Listed in Part VII

  • Ellen L Woods

    President and Secretary

    Total calculated
    $289,335
    From this org
    $241,395
    From related orgs
    $0
    Other
    $47,940
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,395
    Bonus
    $0
    Other
    $0
    Deferred
    $26,554
    Nontaxable benefits
    $21,386
    Filer's total
    $289,335

  • Calvin Knowlton

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Lucinda Maine

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • John Couric

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Karl Williams

    General Counsel

    Total calculated
    $0
    Hours/week
    1

  • Mike Bailey

    Member

    Total calculated
    $0
    Hours/week
    1

  • John Bentley

    Member

    Total calculated
    $0
    Hours/week
    1

  • J Lyle Bootman

    Member

    Total calculated
    $0
    Hours/week
    1

  • Craig Cox

    Member

    Total calculated
    $0
    Hours/week
    1

  • Rob DiCenzo

    Member

    Total calculated
    $0
    Hours/week
    1

  • Joe DiPiro

    Member

    Total calculated
    $0
    Hours/week
    1

  • Carol Gloff

    Member

    Total calculated
    $0
    Hours/week
    1

  • David Gregory

    Member

    Total calculated
    $0
    Hours/week
    1

  • Anandi Law

    Member

    Total calculated
    $0
    Hours/week
    1

  • Shawna Reagan

    Member

    Total calculated
    $0
    Hours/week
    1

  • Peter Swaan

    Member

    Total calculated
    $0
    Hours/week
    1

  • Lee Vermeulen

    Member

    Total calculated
    $0
    Hours/week
    1

  • Robin Zavod

    Member

    Total calculated
    $0
    Hours/week
    1

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

  • Auburn University

    $30,888

    Homeopathy Grant for FAERS data research with Auburn

Provenance

Return type
form_990
Tax year
2024
Filed
11 July 2025
IRS schema version
2024v5.2
Source object
202511929349301106

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