Academy Of Managed Care Pharmacy Foundation-A New Jersey Nonprofit
- Assets
- $1.7m
- Revenue
- $849.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 12/2016
- Data as of
- 12/2022
- EIN
- 22-3107061
Organization Overview
Academy Of Managed Care Pharmacy Foundation-A New Jersey Nonprofit, operating under the name Amcp Foundation, is located in Alexandria, VA. The organization was established in 2016. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amcp Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Amcp Foundation generated $849.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $942.9k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN MANAGED CARE PHARMACY BY INVESTING IN FUTURE-FOCUSED RESEARCH AND INSPIRING THE NEXT GENERATION TO IMPROVE PATIENT HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH AMCP FOUNDATION'S IMMERSIVE INTERNSHIPS, STUDENT PHARMACISTS GAIN KNOWLEDGE OF HEALTH PLANS, PHARMACY BENEFIT MANAGEMENT COMPANIES, EMPLOYER SITES, THE BIOPHARMACEUTICAL INDUSTRY, NON-PROFIT ORGANIZATIONS AND OTHER GROUPS. IN 2022, FOURTEEN STUDENT PHARMACISTS COMPLETED 10-12 WEEK INTERNSHIPS IN PARTNERSHIP WITH THE AMCP FOUNDATION AND GRANTOR COMPANIES. THESE FUTURE LEADERS LEARNED ABOUT POPULATION HEALTH AND MANAGED CARE PHARMACY CONCEPTS SUCH AS HEALTH EQUITY, FORMULARIES, BENEFIT DESIGN, MEDICATION THERAPY MANAGEMENT AND ADHERENCE. ALL INTERNS COMPLETED A CAPSTONE RESEARCH PROJECT, WHICH INTRODUCED THEM TO EVIDENCE-BASED DECISION-MAKING METHODOLOGIES AND PRINCIPLES OF HEALTH OUTCOMES AND PHARMACOECONOMICS.
OTHER PROGRAMS.
P&T COMPETITION: AMCP FOUNDATION'S NATIONAL PHARMACY & THERAPEUTICS (P&T) COMPETITION ATTRACTED 65 SCHOOLS AND COLLEGES OF PHARMACY. TEAMS OF STUDENT PHARMACISTS ANALYZED A CASE STUDY INVOLVING A DRUG PRODUCT DOSSIER, REQUIRING THE EVALUATION OF RESEARCH AND THE COMPLETION OF A MONOGRAPH ALONG WITH ADDITIONAL COMPONENTS. FIVE TEAMS WERE SELECTED TO COMPETE IN LIVE PRESENTATIONS HELD AT THE AMCP ANNUAL MEETING, WHERE THEY PRESENTED TO A PANEL OF JUDGES REPRESENTING A P&T COMMITTEE. THE GOAL, IN THIS ANNUAL COMPETITION, IS TO PROVIDE STUDENT PHARMACISTS A FIRSTHAND VIEW INTO THE COMPLEX PRACTICE OF MANAGING A FORMULARY AND AN OPPORTUNITY TO HONE A VARIETY OF ESSENTIAL SKILLS.
BEST POSTER COMPETITION: AMCP FOUNDATION'S BEST POSTER COMPETITION PROVIDES AN OPPORTUNITY FOR RESEARCHERS TO DEMONSTRATE ANALYTIC EXPERTISE ALONG WITH SKILLS IN POSTER DEVELOPMENT AND SCIENTIFIC COMMUNICATIONS. THE PROGRAM FOCUSES ON EARLY-CAREER INVESTIGATORS, INCLUDING STUDENT PHARMACISTS, GRADUATE STUDENTS, AND NEW PRACTITIONERS. SIX AWARDEES WERE RECOGNIZED IN 2022 FOR THEIR HIGHLY RELEVANT STUDIES IN MANAGED CARE PHARMACY, WHICH DEMONSTRATED EXCELLENCE IN METHODOLOGY AND VISUAL INTERPRETATION OF DATA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annesha White Pharmd Ms PHD President | OfficerTrustee | 1 | $0 |
Alan J Arville ESQ Vice President | OfficerTrustee | 1 | $0 |
Summerpal S Kahlon MD Treasurer | OfficerTrustee | 1 | $0 |
Mona Chitre Pharmd Trustee | Trustee | 1 | $0 |
Josephine Nhu Tran Pharmd Ms Trustee | Trustee | 1 | $0 |
Elaine Yu Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $19,565 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,680 |
| Total Program Service Revenue | $744,796 |
| Investment income | $43,947 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$58,599 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $849,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,512 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $80,681 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,664 |
| Fees for services: Accounting | $14,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,874 |
| Fees for services: Other | $104,797 |
| Advertising and promotion | $0 |
| Office expenses | $8,725 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $61,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $942,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $647,397 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,438 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,048,568 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,736,403 |
| Accounts payable and accrued expenses | $109,063 |
| Grants payable | $0 |
| Deferred revenue | $268,970 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $552,804 |
| Total liabilities | $930,837 |
| Net assets without donor restrictions | $805,566 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,736,403 |
Grants Awarded
Over the last fiscal year, Academy Of Managed Care Pharmacy Foundation-A New Jersey Nonprofit has awarded $22,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA SAN DIEGO STUDENT CHAPTER PURPOSE: P+T COMPETITION | $9,500 |
UNIVERSITY OF CALIFORNIA SAN FRANCISCO PURPOSE: P+T COMPETITION | $6,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA STUDENT CHAPTER PURPOSE: P+T COMPETITION | $7,000 |