American Pharmacists Association Foundation
- Assets
- $7.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/1961
- Data as of
- 12/2021
- EIN
- 52-6039142
Organization Overview
American Pharmacists Association Foundation, operating under the name Apha Foundation, is located in Washington, DC. The organization was established in 1961. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apha 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 12/2021, Apha Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Bluml Senior Vice President Of Research | Officer | 40 | $203,471 |
Barry Bunting Project Management Specialist | 40 | $111,918 | |
Steve Simenson President | OfficerTrustee | 2 | $0 |
Troy Trygstad Treasurer (thru 3/31/21) | OfficerTrustee | 2 | $0 |
Anjanette Wyatt Vice President | OfficerTrustee | 2 | $0 |
Gary Kadlec Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kroger Company Affiliate Partner For Cdc Grant | 12/30/21 | $188,192 |
Kb Pharmacy Solutions Inc Practice-based Research And Consulting | 12/30/21 | $134,219 |
Infinitera Inc Technology Development Consulting | 12/30/21 | $125,941 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $266,026 |
| Government grants | $1,371,312 |
| All other contributions, gifts, grants, and similar amounts not included above | $762,036 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,399,374 |
| Total Program Service Revenue | $0 |
| Investment income | $155,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $139,048 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,699,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $79,637 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $258,317 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $544,918 |
| Pension plan accruals and contributions | $12,793 |
| Other employee benefits | $39,976 |
| Payroll taxes | $65,955 |
| Fees for services: Management | $48,887 |
| Fees for services: Legal | $49,785 |
| Fees for services: Accounting | $24,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,521 |
| Fees for services: Other | $841,795 |
| Advertising and promotion | $0 |
| Office expenses | $23,874 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $512 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,307 |
| Insurance | $10,056 |
| All other expenses | $29,435 |
| Total functional expenses | $2,195,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,080,865 |
| Pledges and grants receivable | $504,990 |
| Accounts receivable, net | $182,973 |
| 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 | $59,933 |
| Net Land, buildings, and equipment | $1,388 |
| Investments—publicly traded securities | $5,346,836 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,176,985 |
| Accounts payable and accrued expenses | $190,846 |
| Grants payable | $0 |
| Deferred revenue | $301,651 |
| 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 | $165,872 |
| Total liabilities | $658,369 |
| Net assets without donor restrictions | $751,478 |
| Net assets with donor restrictions | $5,767,138 |
| 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 | $7,176,985 |
Grants Awarded
Over the last fiscal year, American Pharmacists Association Foundation has awarded $72,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
QUALITY FOOD CENTERS PURPOSE: PROGRAM SUPPORT | $15,000 |
Tucson, AZ PURPOSE: PROGRAM SUPPORT | $12,000 |
SMITH'S FOOD & DRUG CENTERS INC PURPOSE: PROGRAM SUPPORT | $8,000 |
KIRK'S PHARMACY PURPOSE: PROGRAM SUPPORT | $7,500 |
RELIANTRX PURPOSE: PROGRAM SUPPORT | $7,500 |
CHENEY OWL PHARMACY INC PURPOSE: PROGRAM SUPPORT | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that American Pharmacists Association Foundation has recieved totaling $770,495.
| Awarding Organization | Amount |
|---|---|
United States Pharmacopeial Convention Inc Rockville, MD PURPOSE: APHA REMINGTON ENDOWMENT | $520,000 |
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: EXPANDING ACCESS TO CGM THROUGH COMMUNITY PHARMACY | $249,913 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Endowment Analysis
| Beg. Balance | $4,531,525 |
| Earnings | $484,684 |
| Net Contributions | $49,248 |
| Other Expense | $73,980 |
| Ending Balance | $4,991,477 |
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 |
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 |