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← KENTUCKY PHARMACY EDUCATION AND RESEARCH FOUNDATION INC

Form 990 for tax year 2022

Filed by KENTUCKY PHARMACY EDUCATION AND RESEARCH FOUNDATION INC.

Totals

Total revenue
$6,039,566
Total expenses
$5,853,309
Contributions and grants received
$5,444,529
Grants paid
$0
Program service revenue
$465,931
Investment income
$0
Other revenue
$129,106
Total assets, end of year
$1,079,468
Total liabilities, end of year
$607,756
Net assets or fund balances, end of year
$471,712
Program services expenses (Part IX)
$5,687,439
Management and general expenses
$161,989
Fundraising expenses
$3,881
Program service expenses (Part III)
$5,687,439

Program services were 97.2% 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.

  • 1e · Government grants (contributions)

    $5,382,263

  • 1f · All other contributions, gifts and grants

    $62,266

  • 2a · Program service revenue: FACILITY FEES

    total $435,263 · related or exempt $435,263

  • 2b · Program service revenue: CE FEES

    total $27,818 · related or exempt $27,818

  • 2c · Program service revenue: ANNUAL MEETING

    total $2,850 · related or exempt $2,850

  • 8a · Fundraising events: gross income

    $8,875

  • 8c · Net income from fundraising events

    total $8,875

  • 11a · Other revenue: CREDIT CARD REBATES

    total $120,000 · related or exempt $120,000

  • 11b · Other revenue: MISCELLANEOUS

    total $231 · related or exempt $231

  • 11e · Other revenue, total

    $120,231

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $447,563 · program services $407,730 · management and general $39,833

  • 9 · Other employee benefits

    total $32,473 · program services $18,622 · management and general $13,851

  • 10 · Payroll taxes

    total $33,336 · program services $30,289 · management and general $3,047

  • 11b · Fees: legal

    total $28,126 · program services $6,900 · management and general $21,226

  • 11g · Fees: other

    total $3,881 · fundraising $3,881

  • 13 · Office expenses

    total $51,271 · program services $39,857 · management and general $11,414

  • 17 · Travel

    total $13,347 · program services $11,512 · management and general $1,835

  • 20 · Interest

    total $2,774 · management and general $2,774

  • 23 · Insurance

    total $4,851 · program services $3,260 · management and general $1,591

  • 24a · Other expenses: PUBLIC RX DISTRIBUTION

    total $4,727,487 · program services $4,727,487

  • 24b · Other expenses: FACILITY ALLOWANCE FEES

    total $258,165 · program services $258,165

  • 24c · Other expenses: OTHER GRANT EXPENSES

    total $74,110 · program services $74,110

  • 24d · Other expenses: KPHA/KPERF STAFFING AGREE

    total $44,829 · program services $10,082 · management and general $34,747

  • 24e · All other expenses

    total $131,096 · program services $99,425 · management and general $31,671

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $324,256 · end of year $764,779

  • 3 · Pledges and grants receivable

    beginning of year $100

  • 4 · Accounts receivable

    beginning of year $286,323 · end of year $314,096

  • 9 · Prepaid expenses and deferred charges

    beginning of year $466 · end of year $593

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

    $795

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

    $795

  • 17 · Accounts payable and accrued expenses

    beginning of year $254,779 · end of year $607,756

  • 24 · Unsecured notes and loans payable

    beginning of year $70,911

  • 27 · Net assets without donor restrictions

    beginning of year $107,545 · end of year $283,606

  • 28 · Net assets with donor restrictions

    beginning of year $177,910 · end of year $188,106

Mission and programs · 2022

Mission

THE KENTUCKY PHARMACISTS EDUCATION & RESEARCH FOUNDATION'S MISSION IS TO ADVANCE THE PHARMACY PROFESSION BY NETWORKING OPPORTUNITIES, PROVIDING EDUCATIONAL ACCREDIDATION AND CONTINUING EDUCATION OPPORTUNITIES FOR KENTUCKY PHARMACISTS TO MEET THEIR ANNUAL CE LICENSE REQUIREMENTS WHICH ARE MANDATED BY THE COMMONWEALTH OF KENTUCKY.

Activities or mission (Part I)

THE KENTUCKY PHARMACISTS EDUCATION & RESEARCH FOUNDATION'S MOST SIGNIFICANT ACTIVITY IS TO PROVIDE EDUCATIONAL ACCREDIDATION AND CONTINUING EDUCATION OPPORTUNITIES FOR KENTUCKY PHARMACISTS TO MEET THEIR ANNUAL CE LICENSE REQUIREMENTS WHICH ARE MANDATED BY THE COMMONWEALTH OF KENTUCKY.

  • THE FOUNDATION INSTITUTES, SPONSORS, ESTABLISHES, FOSTERS, AND PROMOTES, THROUGH THE USE OF ITS ASSETS AND INCOME, EDUCATION PROGRAMS AND RESEARCH PROJECTS IN THE FIELD OF PHARMACY, INCLUDING CAREER COUNSELING AND STUDENT ASSISTANCE, CONTINUING AND PROFESSIONAL DEVELOPMENT AND PUBLIC HEALTH EDUCATION AND ASSISTANCE.

    Expenses $31,217 · Revenue $39,182

  • A GRANT WAS OBTAINED TO DEVELOP AND IMPLEMENT A CENTRALIZED NALOXONE DISTRIBUTION PROGRAM IN PARTNERSHIP WITH COMMUNITY PHARMACIES AND UTILIZING THE MOBILE PHARMACY TO DISPENSE NALOXONE ATOMIZERS TO COMBAT OPIOID DEATHS IN KENTUCKY. AS A COMPANION TO THIS PROGRAM, THE DEPARTMENT OF PUBLIC HEALTH INSTITUTED A CRISIS II PROGRAM TO ASSIST IN THE TRAINING AND DISTRIBUTION OF NALOXONE.

    Expenses $5,656,222 · Revenue $5,870,153

  • THE CENTER FOR EXCELLENCE WILL BE USED TO ENHANCE AND EXPAND THE PHARMACY PROFESSION.

    Revenue $1,125

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BEN MUDD

    EXECUTIVE DI

    Total calculated
    $175,830
    From this org
    $0
    From related orgs
    $162,811
    Other
    $13,019

    Schedule J breakdown matched by us

    Base
    not reported + $156,811 related
    Bonus
    not reported + $6,000 related
    Other
    not reported
    Deferred
    not reported + $12,251 related
    Nontaxable benefits
    not reported + $768 related
    Filer's total
    not reported + $175,830 related

  • CLARK KEBODEAUX

    BOARD CHAIR

    Total calculated
    $0

  • CHRIS KILLMEIER

    TREASURER

    Total calculated
    $0

  • CATHY HANNA

    PRESIDENT

    Total calculated
    $0

  • SAM WILLETT

    SECRETARY

    Total calculated
    $0

  • KEVIN LAMPING

    DIRECTOR

    Total calculated
    $0

  • ADRIENNE MATSON

    DIRECTOR

    Total calculated
    $0

  • WILLIAM PAT MATTINGLY

    DIRECTOR

    Total calculated
    $0

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 · 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

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
2022
Filed
1 September 2023
IRS schema version
2022v5.0
Source object
202322989349300417

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