Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $40,000

• 1f · All other contributions, gifts and grants

  $4,252,970

• 3 · Investment income

  total $293,838 · excluded $293,838

• 7a · Gross sales of assets other than inventory

  securities $2,776,234

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

  securities $2,776,426

• 7c · Gain or loss

  securities -$192

• 7d · Net gain or loss

  total -$192 · excluded -$192

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $22,000 · excluded $22,000

• 11e · Other revenue, total

  $22,000

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $111,689 · program services $111,689

• 5 · Compensation of officers, directors and key employees

  total $399,938 · program services $366,482 · management and general $28,329 · fundraising $5,127

• 7 · Other salaries and wages

  total $515,171 · program services $136,445 · management and general $344,363 · fundraising $34,363

• 8 · Pension plan contributions

  total $18,699 · program services $17,622 · fundraising $1,077

• 9 · Other employee benefits

  total $26,604 · program services $11,509 · management and general $12,050 · fundraising $3,045

• 10 · Payroll taxes

  total $49,065 · program services $26,366 · management and general $20,532 · fundraising $2,167

• 11b · Fees: legal

  total $45,471 · management and general $34,000 · fundraising $11,471

• 11c · Fees: accounting

  total $33,803 · management and general $33,803

• 11f · Fees: investment management

  total $24,137 · management and general $24,137

• 11g · Fees: other

  total $2,627,618 · program services $2,551,879 · management and general $44,616 · fundraising $31,123

• 13 · Office expenses

  total $21,262 · program services $2,165 · management and general $9,089 · fundraising $10,008

• 17 · Travel

  total $48,349 · program services $17,686 · management and general $22,997 · fundraising $7,666

• 19 · Conferences, conventions and meetings

  total $59,874 · program services $10,197 · management and general $2,705 · fundraising $46,972

• 22 · Depreciation, depletion and amortization

  total $2,384 · fundraising $2,384

• 23 · Insurance

  total $27,319 · management and general $27,319

• 24e · All other expenses

  total $269,139 · program services $49,901 · management and general $212,013 · fundraising $7,225

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $4,603,143 · end of year $3,709,519

• 3 · Pledges and grants receivable

  beginning of year $471,569 · end of year $426,307

• 4 · Accounts receivable

  beginning of year $1,069,339 · end of year $46,552

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,625 · end of year $79,130

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

  $413,437

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

  $395,758

• 10c · Land, buildings and equipment, net

  beginning of year $20,063 · end of year $17,679

• 11 · Investments: publicly traded securities

  beginning of year $5,172,531 · end of year $5,169,029

• 12 · Investments: other securities

  end of year $1,926,006

• 15 · Other assets

  beginning of year $169,178 · end of year $127,441

• 17 · Accounts payable and accrued expenses

  beginning of year $1,292,607 · end of year $455,879

• 19 · Deferred revenue

  beginning of year $2,293,123 · end of year $2,493,677

• 27 · Net assets without donor restrictions

  beginning of year $2,040,006 · end of year $2,342,383

• 28 · Net assets with donor restrictions

  beginning of year $5,884,712 · end of year $6,209,724

The filer's explanations (Part III)

PART I, LINE 3

EMPLOYEES OF THE FOUNDATION ARE COMPENSATED BY A RELATED ORGANIZATION, AMERICAN PHARMACISTS ASSOCIATION (APHA). APHA USES INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF THE EXECUTIVE DIRECTOR.