American Association Of Colleges Of Pharmacy
- Assets
- $14.8m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 39
- Location
- Arlington, VA
- Founding
- 06/1975
- Data as of
- 06/2022
- EIN
- 36-2376972
Organization Overview
American Association Of Colleges Of Pharmacy is located in Arlington, VA. The organization was established in 1975. As of 06/2022, American Association Of Colleges Of Pharmacy employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Association Of Colleges Of Pharmacy 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 06/2022, American Association Of Colleges Of Pharmacy generated $11.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $10.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Association Of Colleges Of Pharmacy has awarded 132 individual grants totaling $1,261,147. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE PHARMACY EDUCATION, RESEARCH, SCHOLARSHIP, PRACTICE AND SERVICE, IN PARTNERSHIP WITH MEMBERS AND STAKEHOLDERS, TO IMPROVE HEALTH FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHARMCAS: THE PHARMACY COLLEGE APPLICATION SERVICE (PHARMCAS) IS A CENTRALIZED APPLICATION SERVICE THAT IS USED BY THE MAJORITY OF THE COLLEGES AND SCHOOLS OF PHARMACY. DESIGNED FOR FIRST-YEAR PROFESSIONAL PHARMACY DEGREE APPLICANTS, PHARMCAS OFFERS A SIMPLE, EFFICIENT PROCESS TO APPLY TO MULTIPLE COLLEGES AND SCHOOLS OF PHARMACY USING A SINGLE WEB-BASED APPLICATION. THIS PROGRAM ASSISTS MEMBER SCHOOLS BY HELPING MEET THEIR MISSION OF EDUCATING AND TRAINING PHARMACISTS.
MEETINGS: THE ASSOCIATION'S MEMBER-DIRECTED PROGRAMMING PROVIDES PHARMACY EDUCATORS WITH OPPORTUNITIES TO NETWORK WITH PEERS AT THE ASSOCIATION'S ANNUAL, INTERIM AND OTHER MEETINGS FOR THE PURPOSE OF ENRICHMENT, PROFESSIONAL GROWTH AND DEVELOPMENT. THE ASSOCIATION'S ANNUAL MEETING IS THE LARGEST GATHERING OF ACADEMIC PHARMACY ADMINISTRATORS, FACULTY AND STAFF AND OFFERS MORE THAN 75 EDUCATIONAL PROGRAMS THAT CUT ACROSS ALL DISCIPLINES. THE ASSOCIATION ALSO HOLDS OTHER SPECIALIZED MEETINGS ON TOPICS RELATED TO PROFESSIONAL EDUCATION, LEADERSHIP AND CURRICULAR DEVELOPMENT.
MEMBER SERVICES: THE ASSOCIATION OFFERS UNIQUE BENEFITS, SERVICES, AND OPPORTUNITIES FOR INSTITUTIONAL AND INDIVIDUAL MEMBERS WITH CHALLENGING AND RELEVANT EDUCATIONAL PROGRAMMING, ADVOCACY EFFORTS, PUBLICATIONS, AND PARTNERSHIP INITIATIVES DESIGNED TO PROVIDE OPPORTUNITIES TO PHARMACY PROFESSIONALS AT EVERY STAGE OF THEIR DEVELOPMENT. THE ASSOCIATION'S CORE IDEOLOGY - TO PROVIDE LEADERSHIP IN ADVANCING THE QUALITY OF PHARMACY EDUCATION AT ALL LEVELS - IS REFLECTED IN THE TEACHING, RESEARCH, AND SERVICE ACTIVITIES THAT TAKE PLACE WITHIN AND OUTSIDE OUR NATION'S COLLEGES AND SCHOOLS OF PHARMACY. THE ASSOCIATION SEEKS TO PROVIDE LEADERSHIP IN ADVANCING AND ENHANCING THE QUALITY OF EDUCATION AND TRAINING IN ITS MEMBER INSTITUTIONS.
EDUCATION SCHOLAR AND OTHER PROGRAMS: THE ASSOCIATION'S OTHER PROGRAMS INCLUDE BUT ARE NOT LIMITED TO "EDUCATION SCHOLAR" FOCUSING ON TEACHING EXCELLENCE AND PROVIDING SCHOLARSHIP DEVELOPMENT RESOURCES FOR HEALTH PROFESSIONS EDUCATORS. THE AREA OF FACULTY RECRUITMENT AND RETENTION PROVIDES A SERIES OF MANUSCRIPTS, DOCUMENTS, REPRINTS, CASE STUDIES AND EXERCISES TO IMPROVE PHARMACY EDUCATOR'S MANAGEMENT AND LEADERSHIP CAPABILITIES. THE ASSOCIATION ALSO PROVIDES ANALYSES AND DEMOGRAPHIC DATA REPORTED FOR FULL-TIME, PART-TIME AND EMERITI, AND ON SALARIES REPORTED FOR FULL-TIME PHARMACY FACULTY AND ADMINISTRATORS. THE CONTRIBUTIONS OF OUTSTANDING FACULTY AT COLLEGES AND SCHOOLS OF PHARMACY ARE ANNUALLY RECOGNIZED WITH A SERIES OF AWARDS PRESENTED AT THE ASSOCIATION'S NATIONAL MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucinda L Maine Evp & CEO | Officer | 37.5 | $323,918 |
Lynette Bradley Baker Sr. VP Of Public Affairs & Eng | Officer | 37.5 | $240,200 |
Kelly Ragucci VP Of Professional Develop | Officer | 37.5 | $179,749 |
Subramanyam Ramamurthy VP Of Finance/cfo | Officer | 37.5 | $178,045 |
Terri S Moore Sr Director Of Academic Services | 37.5 | $169,431 | |
Michelle Assa-Eley Sr Director Of Education | 37.5 | $153,534 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Liaison International Inc Management & Operating Fees | 6/29/22 | $2,031,399 |
Rp3 Pharmacy National Campaign | 6/29/22 | $155,000 |
Stephanie S Fouch Communications Outreach | 6/29/22 | $139,909 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $652,578 |
| All other contributions, gifts, grants, and similar amounts not included above | $448,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,100,828 |
| Total Program Service Revenue | $8,971,954 |
| Investment income | $333,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $48,006 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,226,493 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,822,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,000 |
| Grants and other assistance to domestic individuals. | $175,031 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,159,494 |
| Compensation of current officers, directors, key employees. | $687,037 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,826,966 |
| Pension plan accruals and contributions | $275,162 |
| Other employee benefits | $261,555 |
| Payroll taxes | $275,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,631 |
| Fees for services: Accounting | $23,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $762,138 |
| Advertising and promotion | $0 |
| Office expenses | $58,560 |
| Information technology | $21,609 |
| Royalties | $0 |
| Occupancy | $502,961 |
| Travel | $275,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $139,612 |
| Interest | $1,793 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,215 |
| Insurance | $27,677 |
| All other expenses | $482,164 |
| Total functional expenses | $10,698,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,250 |
| Savings and temporary cash investments | $588,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,431 |
| 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 | $650,298 |
| Net Land, buildings, and equipment | $298,065 |
| Investments—publicly traded securities | $9,613,564 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,689,248 |
| Total assets | $14,816,007 |
| Accounts payable and accrued expenses | $628,398 |
| Grants payable | $0 |
| Deferred revenue | $3,928,796 |
| 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 | $3,348,702 |
| Total liabilities | $7,905,896 |
| Net assets without donor restrictions | $6,528,723 |
| Net assets with donor restrictions | $381,388 |
| 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 | $14,816,007 |
Grants Awarded
Over the last fiscal year, American Association Of Colleges Of Pharmacy has awarded $105,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Chapel Hill, NC PURPOSE: NEW INVESTIGATORS AWARD | $14,000 |
Winchester, VA PURPOSE: NEW INVESTIGATORS AWARD | $7,000 |
West Palm Beach, FL PURPOSE: NEW INVESTIGATORS AWARD | $7,000 |
Rochester, NY PURPOSE: NEW INVESTIGATORS AWARD | $7,000 |
West Hartford, CT PURPOSE: NEW INVESTIGATORS AWARD | $7,000 |
CALIFORNIA NORTHSTATE UNIVERSITY PURPOSE: NEW INVESTIGATORS AWARD | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that American Association Of Colleges Of Pharmacy has recieved totaling $68,524.
| Awarding Organization | Amount |
|---|---|
Illinois Alcoholism & Drug Depen- Dence Association Springfield, IL PURPOSE: TO IMPROVE MINORITY HEALTH | $38,524 |
American Foundation For Pharmaceutical Education Fairfax, VA PURPOSE: Scholarship of Teaching and Learning (SOTL) Grant | $20,000 |
National Association Of Chain Drug Stores Foundation Arlington, VA PURPOSE: Scholarship Awards | $10,000 |
Endowment Analysis
| Beg. Balance | $266,388 |
| Earnings | $1,500 |
| Other Expense | $1,500 |
| Ending Balance | $266,388 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Colleges Of Pharmacy Arlington, VA | $14,816,007 | $11,822,520 |
American Association Of Pharmaceutical Scientists Arlington, VA | $17,272,832 | $11,114,261 |
American Society For Pharmacology And Experimental Therapeutics Inc Rockville, MD | $33,893,150 | $7,613,751 |
American Society For Clinical Pharmacology & Therapeutics Alexandria, VA | $5,298,284 | $2,105,682 |
American Pharmacists Association Foundation Washington, DC | $7,176,985 | $2,699,027 |
Josephs House Inc Financial Office Washington, DC | $1,561,380 | $1,670,495 |
Brighton Foundation Trust Cashiers, NC | $2,210,753 | $39,151 |
Christian Pharmacists Fellowship International Bristol, TN | $699,298 | $151,079 |
Virginia Pharmaceutical Assoc Research Education Foundation Inc North Chesterfield, VA | $1,278,081 | $50,734 |
Pharmacy Manpower Project Inc Arlington, VA | $104,674 | $0 |
International Society Of Regulatory Toxicology And Pharmacology Washington, DC | $78,418 | $0 |