American Foundation For Pharmaceutical Education
- Assets
- $10.7m
- Revenue
- $580.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Fairfax, VA
- Founding
- 01/1943
- Data as of
- 12/2023
- EIN
- 53-0214882
Organization Overview
American Foundation For Pharmaceutical Education is located in Fairfax, VA. The organization was established in 1943. As of 12/2023, American Foundation For Pharmaceutical Education employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Foundation For Pharmaceutical Education 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 12/2023, American Foundation For Pharmaceutical Education generated $580.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $800.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE & SUPPORT PHARMACEUTICAL SCIENCES EDUCATION AT U.S. SCHOOLS AND COLLEGES OF PHARMACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRE-DOCTORAL FELLOWSHIP: TO ENCOURAGE OUTSTANDING PRE-DOCTORAL STUDENTS, WHO HAVE COMPLETED AT LEAST THREE SEMESTERS OF GRADUATE STUDY AND HAVE NOT MORE THAN THREE AND A HALF YEARS REMAINING, TO CONTINUE THEIR STUDIES AND EARN THE PH.D. IN THE PHARMACEUTICAL SCIENCES AT A U.S. SCHOOL OR COLLEGE OF PHARMACY. APPLICATIONS ARE ENCOURAGED FROM STUDENTS WITH THE FOLLOWING MAJORS: CLINICAL PHARMACEUTICAL SCIENCE, MEDICINAL/PHARMACEUTICAL CHEMISTRY, PHARMACEUTICAL SCIENCES, PHARMACEUTICS, PHARMACOECONOMICS & HEALTH OUTCOMES RESEARCH, PHARMACOGNOSY, PHARMACOKINETICS/METABOLISM, PHARMACOLOGY/TOXICOLOGY, PHARMACOTHERAPY & EXPERIMENTAL THERAPEUTICS, SOCIAL & ADMINISTRATIVE, PHARMACOGENOMICS/INFORMATICS AND BIOMEDICAL/NEURAL. SEE SCHEDULE O FOR CONTINUATION.
AFPE GATEWAY TO RESEARCH AWARDS: THE PURPOSE OF THE AFPE GATEWAY RESEARCH SCHOLARSHIP IS TO PROVIDE PRE-PROFESSIONAL DEGREE PHARMACY STUDENTS OR BACCALAUREATE DEGREE STUDENTS A SCHOLARSHIP SUPPORTING THEIR PARTICIPATION IN A FACULTY-MENTORED RESEARCH PROJECT. THE PROGRAM TEACHES STUDENTS TO LEARN TO IDENTIFY RELEVANT RESEARCH PROBLEMS; GENERATE A RESEARCH HYPOTHESIS; ANALYZE DATA, HOW TO INTERPRET AND USE RESEARCH RESULTS IN PRACTICE; LEARN TO EFFECTIVELY COMMUNICATE THE RESEARCH AND CLINICAL DATA TO MEDICAL PROFESSIONALS, PATIENTS, CAREGIVERS AND PEERS; DEVELOP PROBLEM SOLVING SKILLS; SHARPEN CRITICAL THINKING SKILLS; UNDERSTAND REGULATORY AND ETHICAL PRINCIPLES THAT IMPACT THE RESEARCH; AND WORK AS PART OF A TEAM. SEE SCHEDULE O FOR CONTINUATION.
OTHER AWARDS: AACP SOCIAL AND ADMINISTRATIVE SCIENCES (SAS) SECTION SUMMER RESEARCH EXCHANGE MENTORSHIP PROGRAM: THE SAS RESEARCH EXCHANGE MENTORSHIP PROGRAM IS INTENDED TO FOSTER INTEREST IN RESEARCH AND SAS-RELATED GRADUATE EDUCATION AMONG STUDENT PHARMACISTS. THE PROGRAM IS OPEN TO P1-P3 STUDENTS, WHO COMPLETE A RESEARCH EXPERIENCE WITH A SAS FACULTY MEMBER OUTSIDE THEIR HOME INSTITUTION, BUILDING THEIR PROFESSIONAL NETWORK AND SKILLS FOR RESIDENCY, FELLOWSHIP, AND FURTHER GRADUATE STUDIES.SEE SCHEDULE O FOR CONTINUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen L Woods President And Secretary | OfficerTrustee | 40 | $241,395 |
Calvin Knowlton Chair | OfficerTrustee | 1 | $0 |
Lucinda Maine Vice Chair | OfficerTrustee | 1 | $0 |
John Couric Treasurer | OfficerTrustee | 1 | $0 |
Karl Williams General Counsel | Trustee | 1 | $0 |
John Bentley Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,214 |
| All other contributions, gifts, grants, and similar amounts not included above | $249,384 |
| Noncash contributions included in lines 1a–1f | $8,631 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,598 |
| Total Program Service Revenue | $0 |
| Investment income | $263,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,880 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $580,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| Grants and other assistance to domestic individuals. | $261,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $289,126 |
| Compensation of current officers, directors, key employees. | $19,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,661 |
| Pension plan accruals and contributions | $12,755 |
| Other employee benefits | $6,938 |
| Payroll taxes | $17,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,347 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,552 |
| Information technology | $14,344 |
| Royalties | $0 |
| Occupancy | $900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,170 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106 |
| Insurance | $2,003 |
| All other expenses | $0 |
| Total functional expenses | $800,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,649 |
| Savings and temporary cash investments | $53,034 |
| Pledges and grants receivable | $51,500 |
| Accounts receivable, net | $0 |
| 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 | $300 |
| Net Land, buildings, and equipment | $954 |
| Investments—publicly traded securities | $10,297,208 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,710,645 |
| Accounts payable and accrued expenses | $5,386 |
| Grants payable | $108,750 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $114,136 |
| Net assets without donor restrictions | $8,856,778 |
| Net assets with donor restrictions | $1,739,731 |
| 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 | $10,710,645 |
Grants Awarded
Over the last fiscal year, American Foundation For Pharmaceutical Education has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSOCIATION OF COLLEGES OF PHARMACY (AACP) PURPOSE: Scholarship of Teaching and Learning (SOTL) Grant | $20,000 |
UNIVERSITY OF IOWA PURPOSE: Homeopathy Grant | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unc Eshelman School Of Pharmacy Foundation Chapel Hill, NC | $84,344,631 | $4,731,146 |
Association Of Schools And Colleges Of Optometry Inc Rockville, MD | $11,621,143 | $3,481,660 |
American Foundation For Pharmaceutical Education Fairfax, VA | $10,710,645 | $580,057 |
Accrediting Council On Education In Journalism & Mass Communications College Park, MD | $385,359 | $307,475 |
Washington School Of Psychiatry Washington, DC | $0 | $402,214 |
Veterinary Bookstore Of Tennessee College Of Veterinary Medicine Knoxville, TN | $61,080 | $0 |