The Pharmacy Network Foundation Inc
- Assets
- $18.1m
- Revenue
- $1.6m
- Investments
- $17.1m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 02/1991
- Data as of
- 12/2021
- EIN
- 56-1690027
Organization Overview
The Pharmacy Network Foundation Inc is located in Raleigh, NC. The organization was established in 1991. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pharmacy Network Foundation Inc 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, Pharmacy Network Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pharmacy Network Foundation Inc has awarded 17 individual grants totaling $1,430,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy S Jackson Secretary/treasurer | 2 | $40,800 | |
Julian E Upchurch Director | 2 | $40,800 | |
Mitchell W Watts President | 2 | $40,800 | |
J Andrew Barrett Vice President | 2 | $40,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $386,408 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,235,526 |
| Capital Gain Net Income | $1,235,526 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,621,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $163,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,240 |
| Depreciation | $0 |
| Occupancy | $1,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,203 |
| Total operating and administrative expenses | $290,965 |
| Contributions, gifts, grants paid | $710,000 |
| Total expenses and disbursements | $1,000,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,018,881 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,342,025 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$608 |
| Total assets | $18,071,604 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Pharmacy Network Foundation Inc has awarded $710,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
UNC-CH SCHOOL OF PHARMACY PURPOSE: MULTIMEDIA PHARMACY INSTRUCTIONAL DEVELOPMENT | $120,000 |
CAMPBELL UNIVERSITY SCHOOL OF PHARMACY PURPOSE: BUILDING FUND | $110,000 |
THE MEDICAL UNIV OF SC COLLEGE OF PHARMACY PURPOSE: BUILDING FUND | $105,000 |
WINGATE UNIVERSITY SCHOOL OF PHARMACY PURPOSE: PHARMACY STUDENT SCHOLARSHIPS | $80,000 |
THE MEDICAL UNIV OF SC COLLEGE OF PHARMACY PURPOSE: PHARMACY STUDENT SCHOLARSHIPS | $80,000 |
CAMPBELL UNIVERSITY SCHOOL OF PHARMACY PURPOSE: PHARMACY STUDENT SCHOLARSHIPS | $80,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |