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← AMERICAN PHARMACISTS ASSOCIATION FOUNDATION

Form 990 for tax year 2023

Filed by AMERICAN PHARMACISTS ASSOCIATION FOUNDATION.

Totals

Total revenue
$7,611,110
Total expenses
$6,374,819
Contributions and grants received
$7,404,506
Grants paid
$109,867
Program service revenue
$0
Investment income
$197,215
Other revenue
$9,389
Total assets, end of year
$11,510,448
Total liabilities, end of year
$3,585,730
Net assets or fund balances, end of year
$7,924,718
Program services expenses (Part IX)
$5,443,158
Management and general expenses
$603,241
Fundraising expenses
$328,420
Program service expenses (Part III)
$5,443,158

Program services were 85.4% 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.

  • 1d · Related organizations

    $693,942

  • 1e · Government grants (contributions)

    $1,654,611

  • 1f · All other contributions, gifts and grants

    $5,055,953

  • 3 · Investment income

    total $193,523 · excluded $193,523

  • 7a · Gross sales of assets other than inventory

    securities $46,943

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

    securities $43,251

  • 7c · Gain or loss

    securities $3,692

  • 7d · Net gain or loss

    total $3,692 · excluded $3,692

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $9,389 · excluded $9,389

  • 11e · Other revenue, total

    $9,389

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $109,867 · program services $109,867

  • 5 · Compensation of officers, directors and key employees

    total $334,917 · program services $304,814 · management and general $25,490 · fundraising $4,613

  • 7 · Other salaries and wages

    total $748,714 · program services $341,278 · management and general $219,044 · fundraising $188,392

  • 8 · Pension plan contributions

    total $21,870 · program services $11,356 · fundraising $10,514

  • 9 · Other employee benefits

    total $53,092 · program services $37,523 · management and general -$3,439 · fundraising $19,008

  • 10 · Payroll taxes

    total $67,549 · program services $39,712 · management and general $15,511 · fundraising $12,326

  • 11b · Fees: legal

    total $43,886 · management and general $32,375 · fundraising $11,511

  • 11c · Fees: accounting

    total $33,927 · management and general $33,927

  • 11f · Fees: investment management

    total $19,605 · management and general $19,605

  • 11g · Fees: other

    total $4,557,159 · program services $4,526,651 · management and general $24,940 · fundraising $5,568

  • 13 · Office expenses

    total $29,093 · program services $802 · management and general $9,708 · fundraising $18,583

  • 17 · Travel

    total $81,476 · program services $46,935 · management and general $34,541

  • 19 · Conferences, conventions and meetings

    total $49,788 · program services $8,551 · management and general $855 · fundraising $40,382

  • 22 · Depreciation, depletion and amortization

    total $2,384 · fundraising $2,384

  • 23 · Insurance

    total $26,965 · management and general $26,965

  • 24a · Other expenses: OVERHEAD

    total $163,575 · management and general $163,575

  • 24e · All other expenses

    total $30,952 · program services $15,669 · management and general $144 · fundraising $15,139

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,134,082 · end of year $4,603,143

  • 3 · Pledges and grants receivable

    beginning of year $575,563 · end of year $471,569

  • 4 · Accounts receivable

    beginning of year $195,674 · end of year $1,069,339

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,965 · end of year $4,625

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

    $413,437

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

    $393,374

  • 10c · Land, buildings and equipment, net

    beginning of year $22,447 · end of year $20,063

  • 11 · Investments: publicly traded securities

    beginning of year $4,559,863 · end of year $5,172,531

  • 15 · Other assets

    beginning of year $0 · end of year $169,178

  • 17 · Accounts payable and accrued expenses

    beginning of year $445,570 · end of year $1,292,607

  • 19 · Deferred revenue

    beginning of year $2,763,044 · end of year $2,293,123

  • 25 · Other liabilities

    beginning of year $73,091 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $764,729 · end of year $2,040,006

  • 28 · Net assets with donor restrictions

    beginning of year $5,468,160 · end of year $5,884,712

Mission and programs · 2023

Mission

THE MISSION OF THE APHA FOUNDATION IS TO IMPROVE HEALTH BY INSPIRING PHILANTHROPY, RESEARCH AND INNOVATION THAT ADVANCES PHARMACISTS' PATIENT CARE SERVICES. THE APHA FOUNDATION LOOKS TO CREATE A NEW MEDICATION USE SYSTEM WHERE PATIENTS, PHARMACISTS, PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS COLLABORATE TO DRAMATICALLY IMPROVE THE COST EFFECTIVENESS AND QUALITY OF PATIENT HEALTH OUTCOMES.

  • SCIENCE AND RESEARCH - OUR RESEARCH PROJECTS ESTABLISH NEW MODELS OF PRACTICE FOR PHARMACISTS AND REDEFINE PATIENTS HEALTHCARE EXPERIENCE. WE CONNECT EACH PATIENT TO A PHARMACIST WHO EMPOWERS THEM TO BECOME SUCCESSFUL IN MANAGING HIS OR HER OWN HEALTH. OUR WORK VALIDATED THAT THE PHARMACISTS ARE ESSENTIAL TO HELPING PATIENTS ACHIEVE BETTER HEALTH OUTCOMES. THE FOUNDATION RESEARCH PROJECTS INCLUDE IMMUNIZATION REGISTRIES, DIABETES PATIENT CREDENTIALING, DIABETES PREVENTION, RAPID CYCLE INNOVATION, TRIGLYCERIDES AWARENESS AND IMPACT INSTITUTE.

    Expenses $5,251,670

  • AWARDS AND GRANTS - TO ENCOURAGE THE ENHANCEMENT OF PHARMACISTS SKILLS AND TO PROVIDE BETTER SERVICE TO THE PUBLIC IN THE AREA OF PHARMACEUTICAL CARE. THE FOUNDATION HAS THREE AWARD PROGRAMS: 1. INCENTIVE GRANTS - PROVIDES SEED FUNDING TO PHARMACISTS WHO WANT TO ESTABLISH OR SUPPORT ALREADY EXISTING PATIENT CARE SERVICES WITHIN THEIR PHARMACY PRACTICE.2. PINNACLE AWARDS - ANNUAL RECOGNITION PROGRAM FOR CONTRIBUTIONS TO HEALTHCARE QUALITY THROUGH THE MEDICATION USE PROCESS.3. STUDENT PHARMACISTS PROGRAM - RECOGNIZES STUDENTS WHO HELP SHAPE THE FUTURE OF THE PROFESSION.

    Expenses $191,488 · Grants $109,867

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ilisa Bernstein

    SECRETARY (THRU 7/23)

    Total calculated
    $544,607
    From this org
    $0
    From related orgs
    $523,792
    Other
    $20,815
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $432,365 related
    Bonus
    $0 + $65,881 related
    Other
    $0 + $25,546 related
    Deferred
    $0 + $15,328 related
    Nontaxable benefits
    $0 + $5,487 related
    Filer's total
    $0 + $544,607 related

  • Gary Kadlec

    TREASURER (THRU 3/23)

    Total calculated
    $0
    Hours/week
    2

  • Anjanette Wyatt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Johnson

    VP (THRU 3/23)/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Alvarez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mallory Ward

    DIRECTOR/VP (BEG 3/23)

    Total calculated
    $0
    Hours/week
    2

  • John Grabenstein

    TREASURER (BEG 3/23)

    Total calculated
    $0
    Hours/week
    2

  • Michael Hogue

    SECRETARY (BEG 7/23)

    Total calculated
    $368,680
    From this org
    $0
    From related orgs
    $333,706
    Other
    $34,974
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,970 related
    Bonus
    $0
    Other
    $0 + $30,736 related
    Deferred
    $0 + $19,873 related
    Nontaxable benefits
    $0 + $15,101 related
    Filer's total
    $0 + $368,680 related

  • Valentino Caruso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Benjamin Bluml

    EXEC DIR / SVP OF RESEARCH

    Total calculated
    $413,591
    From this org
    $306,914
    From related orgs
    $0
    Other
    $106,677
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,130
    Bonus
    $37,804
    Other
    $1,980
    Deferred
    $94,038
    Nontaxable benefits
    $12,639
    Filer's total
    $413,591

  • Barry Bunting

    PROJECT MANAGEMENT SPECIALIST

    Total calculated
    $174,669
    From this org
    $129,782
    From related orgs
    $0
    Other
    $44,887
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,621
    Bonus
    $8,456
    Other
    $4,705
    Deferred
    $21,461
    Nontaxable benefits
    $23,426
    Filer's total
    $174,669

  • Jonathan Little

    RESEARCH & INNOVATION PROJ MGMT SPEC

    Total calculated
    $194,704
    From this org
    $152,571
    From related orgs
    $0
    Other
    $42,133
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,310
    Bonus
    $11,038
    Other
    $223
    Deferred
    $31,208
    Nontaxable benefits
    $10,925
    Filer's total
    $194,704

  • Jason Sapia

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $148,806
    From this org
    $137,910
    From related orgs
    $0
    Other
    $10,896
    Hours/week
    40

  • Shannen Mendoza

    DIRECTOR, OPERATIONS

    Total calculated
    $147,691
    From this org
    $107,412
    From related orgs
    $0
    Other
    $40,279
    Hours/week
    40

  • Scott Knoer

    FORMER SECRETARY

    Total calculated
    $683,465
    From this org
    $0
    From related orgs
    $683,465
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $683,465 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $683,465 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

  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

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.
PART I, LINE 4A
A SEVERANCE PAYMENT OF $683,465 WAS PAID TO SCOTT KNOER.
PART I, LINE 7
THE FOUNDATION HAS A BONUS POLICY IN WHICH STAFF ARE PAID A BONUS IF THERE IS A NET SURPLUS AND STRATEGIC INITIATIVES AND INDIVIDUAL PERFORMANCE GOALS ARE ACHIEVED

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
9 October 2024
IRS schema version
2023v5.1
Source object
202432899349303068

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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